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Best Mortgage Refinance Companies in Rochester, NY

Our Recommended Top 3

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

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



3Top Picks

Learn about our selection process.


featured provider = Featured Provider

16 West Main Street, Rochester, NY 14614
WebsiteLicense: 19883 Rating

Review Sources

4.0 (48)
5.0 (3)
1.0 (3)

Why choose this provider?

Oxford Capital is a mortgage brokerage that provides clients with access to real estate and financial services. The company's team of loan officers and loan originators gives advice to clients and offers suitable refinancing options for adjustable-rate and fixed-rate mortgages of any term. This way, they will be able to save money thru refinancing and by lowering monthly mortgage payments, reducing mortgage terms, eliminating insurance, and utilizing home equity. Catering to the Rochester metro, Oxford Capital started as a one-person office on Oxford Street in 2004.

  • Commercial Loans

502 Audubon Trail, Rochester, NY 14622
WebsiteLicense: 35662
–– Rating

Why choose this provider?

Moneyline New York, LLC, is a mortgage refinance company that has been serving the financing needs of Rochester residents since 2002. The firm offers conventional, FHA/VA, Jumbo, USDA rural home loans, and HARP loans through a network of over 20 lenders. It also has several kinds of mortgages, such as reverse, balloon, graduated-payment, and ARM. The experienced mortgage loan officers at this company help their clients explore potential loan options and process applications.

  • Reverse Mortgages

46 Prince Street, Rochester, NY 14607
WebsiteLicense: 71492 Rating

Review Sources

4.6 (9)

Why choose this provider?

Normandy Corporation is a mortgage refinance company offering full-range mortgage loan products focused on residential and commercial loans. Since 1985, it has been providing direct lending services to individual individuals and businesses in Rochester. One of its loan programs allows borrowers to refinance a loan from an existing residential or commercial mortgage. This program features varying loan amounts, terms, interest rates, and property styles. Normandy Corporation is a member of the Mortgage Bankers Association.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Oxford Capital Mortgage
16 West Main Street, Rochester, NY 14614
Moneyline New York, LLC
502 Audubon Trail, Rochester, NY 14622
Normandy Corporation
46 Prince Street, Rochester, NY 14607


  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.
  • Is it a good time to refinance in Rochester when rates are low?

    Depending on the situation. Refinancing is advised when current mortgage rates are 2% lower than the original mortgage rates. Before applying, a borrower in Rochester must evaluate their financial situation and long-term objectives thoroughly. They can contact various lending institutions to learn more about products suited to their objectives, which may include debt consolidation, payment reduction, or cash withdrawal.

  • What is cash-in refinance and how does it benefit a borrower in Rochester?

    A cash-in refinance occurs when a Rochester borrower pays additional funds to increase the value of their home equity. For instance, if the home's value is $200,000 and the borrower still owes $190,000 on the mortgage, the borrower can add $30,000 to the existing $10,000 equity. This makes their equity $40,000, or 20% of the home's value, allowing them to refinance. Refinancing with cash-in is advantageous for obtaining lower interest rates or qualifying for lower monthly payments.

  • Can refinancing be a way to avoid foreclosure in Rochester?

    According to the New York Department of Financial Services, there are a variety of refinancing options available in Rochester to prevent foreclosure. One of these programs is the Home Affordable Refinancing Program, which applies to Fannie Mae and Freddie Mac loans. A homeowner who owes more on their mortgage than their home is worth may qualify for an FHA refinance to avoid foreclosure.

  • How can you get in touch with the Rochester Housing Authority (RHA)?

    Visit the main administration building at 675 W. Main St., Rochester, NY 14611, between 8:30 AM and 4:30 PM, Monday through Thursday, and 8:30 AM and noon, on Fridays. Visit the processing center at 270 Lake Avenue, Rochester, New York 14608, during regular business hours, to submit applications to the Rochester Housing Authority. The number to call for the center is (585) 697-7180.

  • Is it possible to refinance a reverse mortgage in Rochester?

    Yes, reverse mortgages can be refinanced in Rochester like any other loan. Depending on the lender, there will be qualification procedures for each new loan type. To qualify for a refinance through the Home Equity Conversion Mortgage (HECM) program, you must be at least 62 years old, a homeowner, and have no delinquent federal debts. In addition to the ability to pay property taxes and insurance, applicants must also complete a credit counseling course.

  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.