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Best Mortgage Refinance Companies in New Rochelle, NY

Our Recommended Top 6

We did the research for you!

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  • User Reviews
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Our goal is to connect people with the best local professionals. We scored New Rochelle 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.

47Reviewed

30Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Best Mortgage Refinance Companies Serving New Rochelle
1890 Palmer Ave Suite 302, Larchmont, NY 10538
Visit WebsiteLicense: 876527

Expertise.com Rating

Why choose this provider?

Scott Capital Group is a residential mortgage company that serves people in New Rochelle. It provides home mortgage refinancing options for homeowners who want to switch from adjustable to fixed rates and have lower monthly payments. It also assists in getting cash out of equity to use for home remodeling, debt consolidation, and paying for college. Additionally, the Scott Capital Group team offers purchase and specialized programs, including conventional, foreign national, non-QM, USDA, and VA loans.

Best Mortgage Refinance Companies Serving New Rochelle
10 Rutland Rd., Scarsdale, NY 10583
Visit WebsiteLicense: 85748

Expertise.com Rating

Review Sources

Google
4.6 (11)

Why choose this provider?

Faze One Funding is a mortgage broker that serves New Rochelle and the rest of New York. It assists clients seeking to refinance their current mortgages to secure funding from third-party providers. It offers FHA and 203k streamline refinance programs. It also originates other residential and commercial loans, including conforming, jumbo, VA, SBA, and reverse mortgages. Faze One Funding is a member of NRMLA. Its services extend to clients in New Jersey, Connecticut, and Florida.

  • Reverse Mortgages

Best Mortgage Refinance Companies Serving New Rochelle
700 White Plains Road Suite 334, Scarsdale, NY 10583
Visit WebsiteLicense: 991388

Expertise.com Rating

Review Sources

Google
4.8 (60)
Facebook
5.0 (15)
Yelp
3.0 (2)

Why choose this provider?

Cityscape Mortgage Corp. helps borrowers in the area of New Rochelle achieve the right home loan and interest rates that meet their financial situation. Its loan officers average over 10 years of industry experience, offering multiple mortgage products for borrowers. The business has formed partnerships with more than a dozen lenders, which gives clients access to various loan programs. Cityscape Mortgage Corp. uses digital services to expedite clients' paperwork and make tracking loan progress, e-signing, and uploading documents easier.

  • Reverse Mortgages

Best Mortgage Refinance Companies Serving New Rochelle
219 Paterson Street, Little Falls, NJ 07424
Visit WebsiteLicense: 172341

Expertise.com Rating

Why choose this provider?

Howard Kleinberg is a branch manager at NJ Lenders Corp., helping New Rochelle residents finance their homes and remodeling projects. He assists borrowers in reducing their interest rates and consolidating their debts through refinancing. Howard offers conventional, 203k rehab, and FHA loans based on the needs of clients. In addition, he specializes in reverse mortgages by collaborating with social workers to help older people plan for their long-term care needs. Howard is also licensed to serve clients in New Jersey, Florida, and Connecticut.

  • New Construction

Best Mortgage Refinance Companies Serving New Rochelle
81 Centre Avenue Suite 214, New Rochelle, NY 10801
Visit WebsiteLicense: 17515

Expertise.com Rating

Review Sources

Google
4.9 (93)

Why choose this provider?

Certus Capital LLC serves first-time homebuyers, real estate owners, and business owners in New Rochelle and its surrounding communities. It helps clients seeking to consolidate their debts, alter their loan terms, or withdraw cash from their home's equity by providing them with various refinancing options, including cash-out and rate-and-term. It also assists customers in the application process for FHA, VA, conventional, and USDA loans. The company's managing partner, Alexander Viafore III, has been working in the financial sector since 2000.

  • New Construction
  • Reverse Mortgages

Best Mortgage Refinance Companies Serving New Rochelle
120 Stevens Ave, Mt Vernon, NY 10550
Visit WebsiteLicense: 131071

Expertise.com Rating

Review Sources

Facebook
5.0 (7)

Why choose this provider?

Dalco Financial Services, Inc., has been serving clients in and around New Rochelle since 2002. It works with borrowers who wish to fund their active loans to consolidate debts, shorten loan terms, lower monthly payments, or cash out equity. The firm's specialists help clients shop for a refinance product that fits their needs. They also help first-time homebuyers secure a mortgage package to achieve their homeownership goals. Loan options offered include ARM, Hybrid ARM, and 30- or 15-year fixed rate mortgages.

  • New Construction
  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Scott Capital Group
1890 Palmer Ave Suite 302, Larchmont, NY 10538
Faze One Funding
10 Rutland Rd., Scarsdale, NY 10583
Cityscape Mortgage Corp.
700 White Plains Road Suite 334, Scarsdale, NY 10583
Howard Kleinberg
219 Paterson Street, Little Falls, NJ 07424
Certus Capital LLC
81 Centre Avenue Suite 214, New Rochelle, NY 10801
Dalco Financial Services, Inc.
120 Stevens Ave, Mt Vernon, NY 10550

New Rochelle, NY Mortgage Refinance FAQs

  • Do individuals pay closing costs with VA cash-out refinance in New Rochelle?

    Yes, borrowers have to pay closing costs with VA cash-out refinance. These include lender's title insurance fees, which are between $500 to $1,500; origination bills, which cost $1,000 for every $100,000 borrowed; and VA funding expenses, which can be $3,600 or $2,300 per $100,000 borrowed. However, several borrowers in New Rochelle are exempted from paying, including those receiving VA compensation for a service-connected disability and surviving spouses with Dependency and Indemnity Compensation.

  • How can a borrower in New Rochelle qualify for a cash-out refinance?

    In New Rochelle, borrowers must have over 20% equity in their property to be eligible for a cash-out refinance. For instance, individuals with a property worth $350,000 must have paid off $70,000. Borrowers can cash out up to 80% of their home equity to finance their kitchen and bathroom remodeling, home additions, or the property's interior or exterior improvements. They may also opt for cash-out refinance to seek a lower monthly payment, change their loan terms, or consolidate debts.

  • How often can a borrower refinance their mortgages in New Rochelle?

    There is no limitation on how often an individual can refinance their mortgages. However, most lenders set a timeframe for how soon a borrower can refinance; for example, those with government-backed programs, like USDA, FHA, and VA, have to wait six to seven months to refinance. On the other hand, residents of New Rochelle who recovered their closing expenses within 30 months can readily refinance their mortgages.

  • Who can apply for the New Rochelle First-Time Home Buyer Down Payment Assistance Program?

    The First-Time Home Buyer Down Payment Assistance Program is exclusively for first-time homebuyers (except for veterans with a DD-214) who have at least $40,000 annual household income and have financial resources to pay for mortgages. Eligible participants must also submit pay stubs and tax returns and complete a mortgage counseling session from a HUD-certified not-for-profit housing agency. The down payment assistance program only finances primary residences in New Rochelle, including cooperative apartments, single-family homes, and condominiums.

  • Does refinancing make the home lose equity after refinancing in New Rochelle?

    In New Rochelle, refinancing mortgages does not directly affect the borrower's home equity. However, the equity can change if an individual decides to pay the closing costs of refinancing into the new mortgage, as they increase their mortgage balance and decrease their home equity. For instance, if a borrower has a closing cost of $5,000 and wants to roll out the fee into the new mortgage, their equity will be reduced by $5,000.