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Best Mortgage Refinance Companies in Rio Rancho, NM

Our Recommended Top 11

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Rio Rancho 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.

56Reviewed

38Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Best Mortgage Refinance Companies Serving Rio Rancho
8801 Jefferson NE, Building B, Albuquerque, NM 87113
Visit WebsiteLicense: 779940

Expertise.com Rating

Review Sources

Google
5.0 (9)

Why choose this provider?

Spence Lewallen helps individuals and families in Rio Rancho in the homeownership process. He offers various refinance options to clients seeking to reduce their monthly payments, shorten terms, access home equity to fund home upgrades, and save on interest. In addition, he provides a selection of mortgage programs for first-time homebuyers and real estate investors, including fix and flip, FHA, VA, and USDA loans. Lewallen is a mortgage advisor at Finance of America Mortgage, a company that has been catering to local borrowers since 1994.

  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
8300 Carmel Ave NE, Albuquerque, NM 87122
Visit WebsiteLicense: 1950356

Expertise.com Rating

Why choose this provider?

Primary Residential Mortgage, Inc., is an independent, nationwide, full-service banker that caters to borrowers in Rio Rancho. Refinancing is managed to aid clients in lowering their interest rate and monthly payment or lengthening the term of their existing mortgage. It provides financing options to those looking to buy a house or other real estate. The company offers various products such as FHA, VA, USDA, jumbo, and fixed and adjustable-rate, as well as home improvement loans and reverse mortgages.

  • Reverse Mortgages

Best Mortgage Refinance Companies Serving Rio Rancho
4131 Barbara Loop SE Suite 1C, Rio Rancho, NM 87124
Visit WebsiteLicense: 461057

Expertise.com Rating

Review Sources

Google
4.5 (37)

Why choose this provider?

Heather Foote-Jasso caters to homeowners and home buyers in Rio Rancho and the neighboring areas. It offers various mortgage loan options, such as FHA, USDA, and VA, which offer flexible terms and rates. It also handles reverse mortgage programs for individuals aged 62 and older who wish to obtain cash from their home's equity. Down payment assistance, new construction, and low credit loans are also available. The business also extends its services across Albuquerque. Heather Foote-Jasso serves at Frost Mortgage, Inc.

  • Reverse Mortgages

Best Mortgage Refinance Companies Serving Rio Rancho
4901 McLeod Rd NE # C, Albuquerque, NM 87109
Visit WebsiteLicense: 212022

Expertise.com Rating

Review Sources

Google
4.9 (117)
Facebook
4.6 (13)

Why choose this provider?

Vision Mortgage Group is a full-service lending firm that caters to customers in Rio Rancho. The company has been in the industry for over 17 years and holds knowledge about various aspects of the mortgage industry, including refinances, home purchases, and VA and FHA loans. Its loan officers and staff members assist clients throughout the refinancing process, helping them lower their mortgage interest rate and monthly payments. They also recommend other products like fixed-rate, cash-out, jumbo, and 203K mortgages.

  • Reverse Mortgages
  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
8220 San Pedro Dr. NE, Suite 320, Albuquerque, NM 87113
Visit WebsiteLicense: 211044

Expertise.com Rating

Review Sources

Google
4.3 (6)

Why choose this provider?

Matt Berg is a mortgage adviser serving homeowners, home buyers, and property investors in the Rio Rancho metro and surrounding communities. His knowledge of the current market conditions leads him to give sound advice to his clients on a variety of mortgage concerns. Berg is affiliated with Nations Lending, an Ohio-headquartered mortgage lending company founded in 2003. The company helps clients avail of different mortgage options, including FHA and VHA loans. Nations Lending is an Equal Housing Lender.

  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
8210 Louisiana Blvd NE Suite C, Albuquerque, NM 87113
Visit WebsiteLicense: 3035

Expertise.com Rating

Review Sources

Google
4.8 (139)
Facebook
5.0 (5)

Why choose this provider?

VanDyk Mortgage Albuquerque has been serving clients in Rio Rancho since 1987. Its mortgage loan originators work with customers looking to refinance an existing loan by assessing their financial situation and helping them determine the option that fits their objectives. Through refinancing, customers are able to shorten their loan terms, consolidate their debt, and improve their credit score by reducing their credit utilization. Its experts assist borrowers from the application to the closing process. The company is a member of the Mortgage Bankers Association.

  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
4313 Corrales Rd. Suite 6, Corrales, NM 87048
Visit WebsiteLicense: 299652

Expertise.com Rating

Review Sources

Google
5.0 (36)

Why choose this provider?

Davis Mortgage Ltd. is a company that serves clients in Rio Rancho. It offers refinancing options to clients for their outstanding loans. The business also assists individuals with purchasing their dream homes or consolidating their debts. It offers conventional loans, FHA loans, and VA loans, as well as 30-year fixed rate, 15-year fixed rate, or jumbo loans. Davis Mortgage Ltd. is a member of the NMLS.

  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
6260 Riverside Plaza Ln NW, Albuquerque, NM 87120
Visit WebsiteLicense: 315521

Expertise.com Rating

Review Sources

Google
4.2 (5)

Why choose this provider?

NewCastle Mortgage serves clients in Rio Rancho who reek lending and refinancing options. The team rearranges current debts into less burdensome forms and has options fit for the purchase of single-family houses, townhouses, and condominium units. Its loan programs include conventional and construction options. Government-backed choices are also available for members of the military and buyers of agricultural assets. NewCastle Mortgage has informative resources and tools online to educate consumers on the ins and outs of buying real estate.

  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
9388 Valley View Dr NW Suite 100, Albuquerque, NM 87114
Visit WebsiteLicense: 2236896

Expertise.com Rating

Review Sources

Google
5.0 (8)

Why choose this provider?

Avance Group USA offers refinancing solutions to homeowners in Rio Rancho. Its experts help people make informed decisions about mortgage refinancing by educating them on the differences between loan programs. It also caters to the mortgage needs of home and investment property buyers and commercial lending clients. The company's programs include conventional, non-QM, VA, USDA, and FHA loans. Avance Group USA aims to streamline the mortgage process by developing its own mobile application and website platform.

  • Reverse Mortgages

Best Mortgage Refinance Companies Serving Rio Rancho
3240-B Juan Tabo Blvd NE Suite 3, Albuquerque, NM 87111
Visit WebsiteLicense: 197756

Expertise.com Rating

Review Sources

Google
4.7 (13)
Facebook
5.0 (6)

Why choose this provider?

Global Funding serves residents of Rio Rancho who need financing for new home purchases or refinancing for current debts. Its team assists in rearranging current obligations into more favorable cash-out or term programs. Government-backed products are also available for veterans of the military. Global Funding's president, Drake LeMaster, has been an entrepreneur since 1981. He entered the U.S. Marine Corps and was honorably discharged in 1985. Drake is joined in the company by Gloria LeMaster, an experienced property manager.

  • New Construction

Best Mortgage Refinance Companies Serving Rio Rancho
5353 Wyoming Blvd NE #C, Albuquerque, NM 87109
Visit WebsiteLicense: 197154

Expertise.com Rating

Review Sources

Google
4.4 (16)

Why choose this provider?

Creativelend assists Rio Rancho homeowners looking for refinancing solutions. For qualified borrowers who want lower monthly payments, shorter terms, or access to cash, the company offers the FHA and VA streamline programs. It also provides refinancing options for multi-family houses with up to four living units. In addition, the company has construction and commercial loans, as well as subprime programs for those with poor credit. Creativelend expedites its process by assigning each client a dedicated officer.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Spence Lewallen
8801 Jefferson NE, Building B, Albuquerque, NM 87113
Primary Residential Mortgage, Inc.
8300 Carmel Ave NE, Albuquerque, NM 87122
Heather Foote-Jasso
4131 Barbara Loop SE Suite 1C, Rio Rancho, NM 87124
Vision Mortgage Group
4901 McLeod Rd NE # C, Albuquerque, NM 87109
Matt Berg
8220 San Pedro Dr. NE, Suite 320, Albuquerque, NM 87113
VanDyk Mortgage Albuquerque
8210 Louisiana Blvd NE Suite C, Albuquerque, NM 87113
Davis Mortgage Ltd.
4313 Corrales Rd. Suite 6, Corrales, NM 87048
NewCastle Mortgage
6260 Riverside Plaza Ln NW, Albuquerque, NM 87120
Avance Group USA
9388 Valley View Dr NW Suite 100, Albuquerque, NM 87114
Global Funding
3240-B Juan Tabo Blvd NE Suite 3, Albuquerque, NM 87111
creativelend
5353 Wyoming Blvd NE #C, Albuquerque, NM 87109

Rio Rancho, NM Mortgage Refinance FAQs

  • When should homeowners in Rio Rancho be cautious about refinancing?

    Homeowners in Rio Rancho should be cautious about refinancing if their current mortgage has penalties for early repayment; they should consider those costs. Those with a low credit score may be able to wait until it improves. If a homeowner's debts are close to half their income, refinancing may also not be favorable. Additionally, having less than 20% equity in their home might lead to less favorable rates or potential rejection.

  • What motivates Rio Rancho homeowners to refinance their residences?

    Many in Rio Rancho choose refinancing to consolidate debts under a more attractive interest rate. It also provides an option to secure funds for pivotal expenditures, such as home enhancements or tuition fees. By refinancing, some benefit from a positive adjustment to their credit score. It can facilitate a change from a variable rate to a constant one or allow homeowners to benefit from shorter loan terms and diminished interest rates.

  • Should Rio Rancho homeowners only consider their current lender when seeking refinancing options?

    While a Rio Rancho homeowner might first think of their present lender for refinancing, shopping around might uncover better rates from different lenders, even with imperfect credit. Real mortgage brokers, online platforms, and institutions are all options. If a lender's rates are challenging to find, reaching out directly can reveal if their offer is competitive.

  • For individuals in Rio Rancho exploring refinancing options, what is a drive-by appraisal?

    For those in Rio Rancho looking at refinancing options, a drive-by appraisal allows appraisers to evaluate a home's value without stepping inside the property. Based on external observations and related data, they assign a property value. While mortgage lenders might not always favor this technique, its cost, typically ranging from $100 to $150, presents an economical choice.

  • What should Rio Rancho residents expect regarding refinancing closing costs?

    Closing costs are charges for services used during the loan process, usually totaling 3% to 5% of the mortgage amount. New Mexico's closing costs for refinancing are among the highest in the United States. Consequently, Rio Rancho residents should be prepared for these elevated expenses.