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Best Mortgage Refinance Companies in Minneapolis, MN

Our Recommended Top 14

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Minneapolis mortgage refinance companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

213Reviewed

133Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1700 West Highway 36, Roseville, MN 55113
WebsiteLicense: 213677

Expertise.com Rating

Review Sources

Google
4.9 (617)
Facebook
4.9 (373)
Yelp
3.2 (15)

Why choose this provider?

M&M Mortgage is a locally owned and locally operated company that serves individuals and families in Minneapolis and the surrounding communities. It assists in mortgage refinancing to lower monthly payments, obtain lower interest rates, get a home equity line of credit, or cash out. It offers a variety of loan programs, such as FHA 203(k), VA, conventional, jumbo, HARP 2.0, and fixed and adjustable. M&M Mortgage brings over 50 years of experience in the industry and is a member of the Minnesota Mortgage Association.

  • Reverse Mortgages

8400 Normandale Lake Blvd Suite 920, Minneapolis, MN 55437
WebsiteLicense: 1776385

Expertise.com Rating

Review Sources

Google
5.0 (82)
Facebook
5.0 (29)
Yelp
5.0 (3)

Why choose this provider?

Propel Home Loans is a mortgage brokerage firm that caters to the needs of homebuyers in Minneapolis. The firm performs customized services for a variety of home financing options such as USDA loans, FHA home loans, and fixed-rate mortgages. With over 20 years of industry experience, its professionals advise clients on suitable mortgage refinancing programs and guide them during the loan process. Propel Home Loans has received several awards including Minnesota Monthly's Best Mortgage Professionals for 2017 to 2021.

  • Reverse Mortgages

3300 Edinborough Way Suite 550, Edina, MN 55435
WebsiteLicense: 345827

Expertise.com Rating

Review Sources

Google
5.0 (177)

Why choose this provider?

Rainbow Mortgage Inc. is a local, female-owned, veteran-operated brokerage. It offers home loans and refinancing options to individuals and families in Minneapolis. It also guides clients on mortgages after divorce. In addition, the company provides assistance with FHA, VA, and USDA loans. Rainbow Mortgage is a veteran's loan specialist certified by the National Association of Mortgage Brokers and is a partner of United Wholesale Mortgage. The company supports the Equal Opportunity Housing Program of the U.S. government. It was launched in 1999.

  • Reverse Mortgages
  • New Construction

2523 S. Wayzata Blvd. Ste 200, Minneapolis, MN 55405
WebsiteLicense: 150953

Expertise.com Rating

Review Sources

Google
4.8 (268)
Facebook
4.6 (60)
Yelp
5.0 (2)

Why choose this provider?

Luminate provides mortgage refinancing services to the Minneapolis metro and the neighboring areas. It assists individuals who wish to refinance their current loan programs to reduce their rates and improve their savings. The company's team also provides services to first-time homebuyers wanting to purchase residential properties using different mortgage loan programs, including USDA, VA, FHA, and conventional. One of its mortgage loan originators, Adam Long, has over a decade of experience in the lending industry.

2636 Ridge Lane, Mounds View, MN 55112
WebsiteLicense: 259460

Expertise.com Rating

Review Sources

Google
5.0 (53)
Facebook
4.6 (11)

Why choose this provider?

Minnesota Residential Mortgage, Inc., is a team of loan specialists serving Minneapolis and the surrounding locations. They help clients refinance mortgages, whether to lower their monthly payments or cash out from home equity. They also guide clients through the process of applying and qualifying for conventional, investor, and jumbo loans. Additionally, they offer government-backed mortgage programs such as FHA and VA. Minnesota Residential Mortgage is headed by Rich Kusick, who has been working in the industry for over 25 years.

  • Reverse Mortgages

209 Snelling Ave N, St Paul, MN 55104
WebsiteLicense: 4474

Expertise.com Rating

Why choose this provider?

iLoan extends its mortgage services to clients in Minneapolis. It provides refinancing solutions through home affordable and streamlined FHA and VA IRRRL programs. Its representatives walk property buyers through the process and give them various loan amortization period options, ranging from 10 to 40 years. They also offer customized programs like fixed-rate, jumbo, reverse, energy-efficient, and temporary buydown mortgages. As a way of giving back to the community, iLoan donates a portion of its profits to charities related to public schools and housing.

  • Multi-Family Loans
  • New Construction

7505 Metro Boulevard, Minneapolis, MN 55439
WebsiteLicense: 373912

Expertise.com Rating

Review Sources

Google
5.0 (145)
Facebook
4.9 (129)
Yelp
5.0 (2)

Why choose this provider?

Angie Sherer is a mortgage loan officer connected with Luminate Home Loans that serves clients in Minneapolis and nearby communities. Sherer helps homeowners save money through refinancing to lower interest rates, reduce monthly payments, or shorten the terms of their mortgages. She also assists prospective homeowners in securing home financing and works with homeowners wanting to cash out from their home equity. The loan options include conventional loans and FHA loans. Sherer has been in the industry for more than 10 years.

  • Reverse Mortgages
  • NMLS #: 39166

333 N. Washington Ave #101, Minneapolis, MN 55401
WebsiteLicense: 3446

Expertise.com Rating

Review Sources

Google
4.6 (21)
Yelp
3.7 (3)

Why choose this provider?

Gold Star Mortgage Financial Group offers refinancing services to property owners in Minneapolis. It assists clients with refinancing without an appraisal or out of an adjustable-rate mortgage. The company also helps with obtaining low-interest rates and reducing mortgage payments. Its team of loan officers refinances to FHA, VA, and Jumbo loans, FHA Streamline, and 15- or 30-year fixed mortgages. Other loan programs offered include reverse mortgages, USDA rural development loans, condo financing, and down payment assistance.

  • Reverse Mortgages

8400 Normandale Lake Blvd, Minneapolis, MN 55437
WebsiteLicense: 75243

Expertise.com Rating

Review Sources

Google
4.9 (122)
Yelp
1.0 (1)

Why choose this provider?

Paramount Residential Mortgage Group, Inc., offers its services to individuals in the Minneapolis area. It helps customers purchase and refinance their homes. Its team assists clients by finding a loan that suits their financial situation. The company offers various VA, FHA, and USDA products. It also provides HomeStyle Renovation and Home Possible loan programs. In addition, the company offers underwriting and in-house processing services. The company has been operating for over a decade and has more than 150 branches located across the country.

  • New Construction

7655 Washington Ave. S, Edina, MN 55439
WebsiteLicense: 194821

Expertise.com Rating

Review Sources

Google
4.8 (85)

Why choose this provider?

Hometown Lenders Edina Branch is a local mortgage brokerage firm serving clients in Minneapolis. It assists individuals seeking to refinance their current mortgages for various purposes. These include lowering payments, cashing out equity, renegotiating loan terms, and consolidating debts. Its officers work with borrowers to find loan programs tailored to their specific needs. There are also mortgage products available for first-time homebuyers, such as conventional, VA, and USDA loans. Hometown Lenders has been helping people get financing since 2000.

  • Reverse Mortgages

333 North Washington Avenue, Minneapolis, MN 55401
WebsiteLicense: 164040

Expertise.com Rating

Review Sources

Google
5.0 (55)
Yelp
5.0 (22)

Why choose this provider?

Brad Dale is a mortgage professional representing Cherry Creek Mortgage in Minneapolis who counsels clients looking to refinance their mortgages or apply for residential property loans. He has been in the mortgage industry since 1993 and has been working with the company since 2004. Brad is an NMLS certified loan specialist that assists clients in applying for conventional loans, government loans, and jumbo loans for executing mortgage strategies such as mortgage reductions and equity cash-outs.

  • Reverse Mortgages
  • NMLS #: 39166

5251 Chicago Avenue South, Minneapolis, MN 55417
WebsiteLicense: 869563

Expertise.com Rating

Review Sources

Google
5.0 (24)

Why choose this provider?

Chris O'Connell is a Minneapolis -based mortgage loan officer for Cardinal Financial Company, a mortgage lending company operating since 1987. He has more than a decade of experience assisting individuals and families in their journey of homeownership. O'Connell caters to clients who are either purchasing a home or refinancing an existing mortgage to lower monthly payments and cash out for renovations. The refinance loan options he offers are cash-out, home equity, streamline FHA, streamline VA, and CEMA.

  • Reverse Mortgages

5500 Wayzata Blvd., Suite 300, Minneapolis, MN 55416
WebsiteLicense: 3597

Expertise.com Rating

Review Sources

Google
5.0 (115)

Why choose this provider?

Conor Hesch is a senior mortgage loan officer with Bell Bank Mortgage who caters to clients in and around the Minneapolis area. Conor offers refinancing options where clients can tap equity to remodel. He also offers a wide variety of loan options for first-time homebuyers, move-up buyers, and veterans, covering properties types like new construction, vacation homes, and downsized assets. Conor specializes in formulating strategies to avoid long-term private mortgage insurance. He is a Platinum Club member of Bell Bank Mortgage.

  • Reverse Mortgages

2277 West Highway 36, Suite 304, Roseville, MN 55113
WebsiteLicense: 107620

Expertise.com Rating

Review Sources

Google
5.0 (57)
Yelp
5.0 (1)

Why choose this provider?

Progressive Lending Solutions is a full-service mortgage company that serves clients in Minneapolis and its nearby areas. It helps homebuyers choose from a variety of mortgage financing programs, such as conventional fixed-rate, FHA, USDA, and adjustable-rate loans. Its mortgage specialists educate clients on financial markets, assess individual mortgage needs, and help homeowners refinance their mortgage loans. Progressive Lending Solutions also provides specialized services for needs such as pre-foreclosure, bad credit, and debt consolidation.

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
M&M Mortgage
1700 West Highway 36, Roseville, MN 55113
Propel Home Loans
8400 Normandale Lake Blvd Suite 920, Minneapolis, MN 55437
Rainbow Mortgage Inc.
3300 Edinborough Way Suite 550, Edina, MN 55435
Luminate
2523 S. Wayzata Blvd. Ste 200, Minneapolis, MN 55405
Minnesota Residential Mortgage, Inc.
2636 Ridge Lane, Mounds View, MN 55112
iLoan
209 Snelling Ave N, St Paul, MN 55104
Angie Sherer
7505 Metro Boulevard, Minneapolis, MN 55439
Gold Star Mortgage Financial Group
333 N. Washington Ave #101, Minneapolis, MN 55401
Paramount Residential Mortgage Group, Inc.
8400 Normandale Lake Blvd, Minneapolis, MN 55437
My City Mortgage powered my Hometown Lenders
7655 Washington Ave. S, Edina, MN 55439
Brad Dale
333 North Washington Avenue, Minneapolis, MN 55401
Chris O'Connell
5251 Chicago Avenue South, Minneapolis, MN 55417
Conor Hesch
5500 Wayzata Blvd., Suite 300, Minneapolis, MN 55416
Progressive Lending Solutions
2277 West Highway 36, Suite 304, Roseville, MN 55113

Minneapolis, MN Mortgage Refinance FAQs

  • What can you do after getting disapproved for refinancing in Minneapolis?

    Check with your lender to see if they sent you a written explanation of why your refinancing application was denied. You can apply to another lender or look into the issues mentioned in the rejection letter and try to resolve them. If you were rejected because you owed a lot of money, you can reapply once your financial situation improves. If you have a home equity problem, you can apply for the Home Affordable Refinance Program in Minneapolis.

  • Do you have to be a borrower of Minnesota Housing to apply for refinancing under the Step Up program in Minneapolis?

    No. You do not have to be a current borrower. However, you must meet certain criteria, such as an income limit, minimum credit scores, and loan amount allowable. You will have access to a Monthly Payment Loan through the Step Up program, which may cover closing costs. To find an approved lender in Minneapolis, go to the Minnesota Housing website.

  • Should you refinance to pay high-interest credit card debts in Minneapolis?

    Experts advise against converting an unsecured debt, such as credit card bills, to a secured debt, such as a mortgage. This is due to the fact that secured debts typically require collateral, such as mortgaged property, which can be seized if the borrower fails to pay. If Minneapolis borrowers have an unsecured debt, they can be sued to be compelled to pay, but their homes cannot be seized under the law.

  • Are there mortgage programs beneficial to first responders in Minneapolis?

    In Minneapolis, first responders can take advantage of the HUD's Good Neighbor Next Door Sales Program. They can be EMTs, firefighters, or 911 operators. They can get a 50% discount on the listing price or pay a lower down payment, some as low as $100, under the program. However, refinancing this loan may be difficult. HUD may agree only if you apply for a lower interest rate or an FHA 203(k) loan.

  • Why should you avoid an adjustable-rate mortgage in Minneapolis?

    The issue with adjustable-rate mortgages (ARMs) is that they are only low for a few years before rising to levels that are unaffordable. Loan officers may advise you to obtain an ARM and then refinance to a different loan later, but there is no guarantee that your refinance will be approved or that you will receive a better rate. You must also pay additional refinancing fees in Minneapolis.