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Best Mortgage Refinance Companies in Cleveland, OH

Our Recommended Top 12

We did the research for you!

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

238Reviewed

147Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

6155 Rockside Road Bldg. #1, Suite 401, Independence, OH 44131
WebsiteLicense: 58775

Expertise.com Rating

Review Sources

Google
3.9 (164)
Yelp
5.0 (3)

Why choose this provider?

Reliance First Capital, LLC., is a mortgage refinancing firm serving Cleveland. The company caters to customers looking to refinance their mortgage or purchase a new home. It has a wide selection of loan programs, including refinance, jumbo, FHA, and VA loans, in addition to debt consolidation and manufactured homes. Its professionals customize the programs according to the customers' unique needs. The company is an authorized Freddie Mac and Fannie Mae lender. It also serves as a member of the Mortgage Bankers Association.

  • Reverse Mortgages

20600 Chagrin Blvd Ste 200, Shaker Heights, OH 44122
WebsiteLicense: 209249

Expertise.com Rating

Review Sources

Google
4.9 (202)
Facebook
4.9 (47)

Why choose this provider?

CREFCO Financial Group, Inc., is a mortgage company that caters to the needs of homebuyers in the Cleveland area and surrounding communities. Its professionals help first-time buyers and seasoned purchasers in securing financing programs such as conventional loans, FHA mortgage loans, and USDA loans. These professionals also assist clients in taking refinancing options suitable for their needs and guide them in completing the loan process. CREFCO Financial Group operates mainly on a referral business model.

  • Reverse Mortgages

10749 Pearl Rd., Suite 2-D, Strongsville, OH 44136
WebsiteLicense: 235766

Expertise.com Rating

Review Sources

Google
4.8 (56)

Why choose this provider?

Brooker is a mortgage company serving the residents in Cleveland and its neighboring areas. The business offers a wide range of programs for clients seeking refinancing products that satisfy their needs at competitive terms and costs. Its team guides borrowers through a detailed analysis of their current financial situation to assess if refinancing is the best option. Other products from the company include FHA loans for clients with low credit scores and VA, conventional, and investor loans.

  • New Construction

1113 Rockside Rd, Parma, OH 44134
WebsiteLicense: 794548

Expertise.com Rating

Review Sources

Google
4.9 (74)

Why choose this provider?

Nations Lending Parma has been providing home financing solutions to families in Cleveland and the surrounding areas since 2003. Whether the client is refinancing or purchasing his or her first home, its local mortgage advisors give custom-tailored financial solutions. They have a Home Affordable Refinance Program and a variety of manufactured home loan options. Other types of home loans include conventional, FHA, VA, ARM, and USDA. Nations Lending was also featured in several publications, such as Entrepreneur and HuffPost.

  • Multi-Family Loans

20545 Center Ridge Road, Rocky River, OH 44116
WebsiteLicense: 150009

Expertise.com Rating

Review Sources

Google
3.7 (3)
Facebook
5.0 (1)

Why choose this provider?

Since 1940, Schmidt Mortgage Company, a Mid America Mortgage Inc. division, has been providing mortgage refinancing solutions to clients in Cleveland. The company has professionals that assist clients in lowering their monthly payments, moving to fixed-rate products, or shortening their loan terms. It can also refinance most residential properties while it also has refinancing programs for primary residences, investment properties, and second homes. Schmidt Mortgage Company also serves clients in the Akron, Rocky River, and Willoughby areas.

  • Reverse Mortgages
  • NMLS #: 39166

7676 Reynolds Road, Mentor, OH 44060
WebsiteLicense: 252728

Expertise.com Rating

Review Sources

Facebook
5.0 (10)
Google
5.0 (5)

Why choose this provider?

Union Capital Mortgage is a mortgage banker near Cleveland that has decades of experience focusing exclusively on mortgage refinance and residential home loans. As a lender, the company often works with leading real estate agents and homebuyers to refinance all four primary loan options, including conventional, FHA, VA, and jumbo loans. Union Capital Mortgage offers flexible credit requirements and a variety of adjustable-rate and conventional fixed-rate loan products. It also provides multiple refinance options, delivering rate-and-term refinances for borrowers who need to build equity and cash-out refinances for borrowers who need to use loans for debt consolidation and large purchases.

  • Reverse Mortgages

2019 Center Street, Cleveland, OH 44113
WebsiteLicense: 1804948

Expertise.com Rating

Review Sources

Google
5.0 (62)

Why choose this provider?

AMKO Lending is a team of mortgage advisors who serves the Cleveland area. Its professionals assist clients needing to consolidate debt, tap into home equity, shorten mortgage terms, or lower monthly payments, and they provide guidance throughout the entire home refinancing process. In addition, the brokers help investors and homebuyers purchase loans. Marshall, AMKO Lending's CEO, has more than a decade of experience in the industry. He and his team have over 45 years of mortgage experience.

  • Reverse Mortgages
  • NMLS #: 39166

6225 Oak Tree Blvd, Independence, OH 44131
WebsiteLicense: 1114762

Expertise.com Rating

Review Sources

Google
4.5 (609)
Facebook
4.6 (72)
Yelp
1.0 (1)

Why choose this provider?

The Liberty Home Mortgage Corporation works with clients in Cleveland. Its team helps property owners who want to refinance their loans for lower interest rates and smaller monthly payments. Clients can also get help with consolidating multiple mortgages so that they can organize their finances. In addition, the company offers first-time and veteran buyers a wide range of property loans like FHA, VA, and USDA. It also provides mortgages to people who are buying homes that need rehabilitation.

  • New Construction

707 Brookpark Road, Cleveland, OH 44109
WebsiteLicense: 1236405

Expertise.com Rating

Review Sources

Google
4.5 (71)
Facebook
4.6 (10)
Yelp
3.0 (2)

Why choose this provider?

Secure Lending, Inc., is a mortgage loan and refinancing company that serves the residents of Cleveland and the surrounding areas. It focuses on two main loan categories, which are purchasing and refinancing. The loan programs available at the business include conventional, jumbo, FHA and VA, and reverse mortgage loans. Its loan officers also work closely with their clients to explain the differences between the loan programs and help them select which one is most suitable to their specific needs.

  • Reverse Mortgages
  • NMLS #: 39166

6100 Oak Tree Blvd South Suite 200, Independence, OH 44131
WebsiteLicense: 1815813

Expertise.com Rating

Why choose this provider?

AnnieMac Home Mortgage offers refinancing products to customers living in Cleveland and the surrounding areas. The firm works with conventional, USDA, and FHA loans. It counsels clients on making the choices least burdensome to them. The company deals with first-time buyers, educating them on the importance of a property's location, their own incomes, and the time they plan to spend before resale. AnnieMac Home Mortgage conducts its annual “Fetch The Ball” Golf Tournament for the benefit of the Freedom Service Dogs of America.

  • New Construction

16000 Pearl Rd, Strongsville, OH 44136
WebsiteLicense: 1652918

Expertise.com Rating

Why choose this provider?

Cleveland Mortgage Corporation serves clients in the local community and the neighboring areas. It provides mortgage refinancing options for homeowners and homebuyers, including conventional, fixed-rate, adjustable-rate, FHA, and VA loans. The mortgage lender also offers investment property, construction, renovation, and second or vacation home loans. Owners Gary Weinhauer and Jason Chatal have more than 40 years of collective industry experience. Gary educates and guides borrowers through the mortgage process, while Jason works with builders and real estate agents in the area.

  • New Construction

20525 Center Ridge Rd 138, Rocky River, OH 44116
WebsiteLicense: 1732152

Expertise.com Rating

Review Sources

Google
5.0 (71)
Facebook
5.0 (21)

Why choose this provider?

Rockway Mortgage Company, Inc. caters to clients in the Cleveland area. Its advisers help homeowners who want to refinance their loans so that they have lower interest rates and reduced monthly payments. They also assist in consolidating several mortgages to streamline payments. In addition, the company secures mortgage pre-approval for property buyers and offers a wide range of conventional, FHA, USDA, VA, and Jumbo loans. Its team has more than 25 years of combined experience in the industry.

  • Multi-Family Loans

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Reliance First Capital, LLC.
6155 Rockside Road Bldg. #1, Suite 401, Independence, OH 44131
CREFCO Financial Group, Inc.
20600 Chagrin Blvd Ste 200, Shaker Heights, OH 44122
Brooker
10749 Pearl Rd., Suite 2-D, Strongsville, OH 44136
Nations Lending Parma
1113 Rockside Rd, Parma, OH 44134
Schmidt Mortgage Company - Rocky River
20545 Center Ridge Road, Rocky River, OH 44116
Union Capital Mortgage
7676 Reynolds Road, Mentor, OH 44060
AMKO Lending
2019 Center Street, Cleveland, OH 44113
Liberty Home Mortgage Corporation
6225 Oak Tree Blvd, Independence, OH 44131
Secure Lending Inc.
707 Brookpark Road, Cleveland, OH 44109
AnnieMac Home Mortgage
6100 Oak Tree Blvd South Suite 200, Independence, OH 44131
Cleveland Mortgage Corporation
16000 Pearl Rd, Strongsville, OH 44136
Rockway Mortgage Company, Inc.
20525 Center Ridge Rd 138, Rocky River, OH 44116

Cleveland, OH Mortgage Refinance FAQs

  • What are the different mortgage refinance programs in Cleveland?

    Mortgage companies in Cleveland offer various refinancing programs for individuals, including VA IRRRL or VA streamline refinance, which does not require appraisals or credit underwriting packages. Individuals choosing this option can refinance their existing VA adjustable-rate mortgage into a fixed-rate VA home loan. Another option is the FHA refinance loan, which offers a low down payment option and allows a relative or partner to co-sign the loan. Other financing loans include USDA rural and FHA streamline programs.

  • What are the documents needed for your mortgage refinancing loan application in Cleveland?

    To apply for a mortgage refinancing loan, you must first ready and submit your last three bank statements, current mortgage notes, recent proof of any other income, and your latest paycheck stubs. If you own rental units, provide tax returns and rental agreements for the last two years. Divorced individuals may also submit their settlement agreements or divorce decree, if applicable. Additionally, Green Card or L-1 or H-1 visa must be presented for non-U.S. citizens applying for a mortgage refinance loan in Cleveland.

  • How much are the fees to refinance a mortgage loan in Cleveland?

    In Cleveland, refinancing expenses range from 3% to 6% on average as part of the loan processing fees and depend on your loan amount. Some components in the loan process incurring fees include recording, appraisal report, title insurance and search, mortgage application, loan origination, and document preparation.

  • Can you refinance in Cleveland even if you don't have equity?

    You can refinance your mortgage in Cleveland even if you don't have equity as long as your home is worth 10% more than the existing loan in your home. This means that you must obtain a 90% loan-to-value ratio. In addition, to become fully qualified in mortgage refinance without equity, it is necessary to increase the value of your home since you purchased it.

  • How to know if you're eligible for cash-out refinance in Cleveland?

    To know if you're eligible for a cash-out refinance loan in Cleveland, submit your credit history, assets, income, and a new appraisal report on your property to loan officers, who will review these documents. Additionally, if you want to apply for an FHA cash-out refinance program, you must:

    • Meet the specific debt-to-income ratio guidelines.
    • Be the occupant and owner of the property.
    • Made your last 12 monthly mortgage payments on time.
    • Has a minimum credit score between 640 and 680.

    However, cash-out refinance is unavailable for second or rental homes.