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Best Mortgage Refinance Companies in Salem, OR

Our Recommended Top 10

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 Salem 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.

89Reviewed

57Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

2254 Wilmington Ave NW, Salem, OR 97304
WebsiteLicense: 319032

Expertise.com Rating

Why choose this provider?

Capitol Mortgage Company is a locally owned and operated firm that serves families and individuals in Salem. It offers mortgage refinancing options that help clients access equity for cash out, save money through lower interest rates, and change loan programs. In addition to the conventional, jumbo, FHA, VA, and USDA programs, the firm provides construction-to-permanent, Alt-A, rehab, and private money loans. Capitol Mortgage Company has been in the business since 1993. Its staff is available for consultations 24 hours a day.

  • Reverse Mortgages
  • New Construction

280 Liberty St. SE 110, Salem, OR 97301
WebsiteLicense: 2550

Expertise.com Rating

Review Sources

Google
4.9 (57)
Facebook
4.9 (18)
Yelp
3.5 (3)

Why choose this provider?

Mann Mortgage Salem serves clients throughout the metro. It offers home loan refinancing programs, assisting homeowners in navigating various loan options and selecting the one that meets their needs and preferred interest rate. Its loan experts assist clients in locating a loan program that reduces their payments, shortens their loan term, or provides them with a cash-out. The team also offers conventional, FHA, USDA, VA, and reverse mortgage loans. This company has been serving customers for more than three decades.

4985 Battle Creek Rd SE, Salem, OR 97302
WebsiteLicense: 1246387

Expertise.com Rating

Review Sources

Facebook
5.0 (52)
Google
5.0 (14)

Why choose this provider?

Fairway's First Team is a lending company that serves homebuyers, builders, and real estate professionals located in and around the Salem area. It has mortgage refinancing in its portfolio, as well as reverse mortgages. FHA, VA, and jumbo loans are also available, at both fixed and adjustable rates. Established in 1996, it has since grown to employ over 1,500 employees in more than 100 branches. Through the American Warrior Initiative, Fairway's First Team finds a way to give back to the nation's veterans.

  • Multi-Family Loans

388 State Street, Suite 940, Salem, OR 97301
WebsiteLicense: 259497

Expertise.com Rating

Review Sources

Google
5.0 (18)

Why choose this provider?

Kim Chichester is a branch manager and loan officer at Geneva Financial assisting clients in the Salem metro. The firm has mortgage refinancing solutions and loan options, such as FHA, USDA, VA, 203k, and jumbo loans. It also provides adjustable rate, 30-year, and 15-year fixed mortgages. Chichester has been in the finance and mortgage industry since 1987. Her client base includes firefighters, teachers, healthcare professionals, military members, and veterans. She is a member of organizations like Habitat for Humanity and the Mid-Valley Association of Realtors.

  • New Construction

388 State St, Salem, OR 97301
WebsiteLicense: 239278

Expertise.com Rating

Review Sources

Google
5.0 (19)
Yelp
5.0 (3)

Why choose this provider?

Rock River Financial is a full-service lending firm that caters to locals in the Salem area. Its mortgage refinancing services include an online refinancing break-even point calculator that clients can use themselves. It also assists clients in matters involving payment amortization, annual percentage rate, tax savings, early payoff, debt consolidation, and pre-payment savings. Rock River Financial has over 30 years of combined industry experience among its staff. The company is led by Mathew Stewart, who has been a mortgage consultant since 1997.

  • New Construction

1761 Liberty St SE, Salem, OR 97302
WebsiteLicense: 40558

Expertise.com Rating

Why choose this provider?

Mortgage First Corporation delivers refinancing and loan options to house buyers in Salem. The crew rearranges current obligations to facilitate payments under more favorable terms and conditions. It has mortgages ranging from 15 to 30-year fixed-rate contracts to adjustable rate choices. Products supported by the USDA and VA are also available. Mortgage First Corporation started in 1989 and was led by Todd Allen, who has since passed down the business to his daughter Claire Mahoney in 2022.

  • Reverse Mortgages

110 Wallace Rd. NW, Salem, OR 97304
WebsiteLicense: 1114314

Expertise.com Rating

Review Sources

Facebook
5.0 (12)
Google
5.0 (10)
Yelp
5.0 (5)

Why choose this provider?

Lighthouse Home Loans offers financing options to locals across the Salem metro. It helps homeowners get new financial opportunities by giving them a chance to lower their monthly payments, change from adjustable rates to fixed rates, or end their payments for private mortgage insurance through refinancing loans. It also provides conventional, FHA, VA, and USDA loans, as well as reverse mortgages and commercial lending. Lighthouse Home Loans uses online calculators and tools to help speed up its application process.

  • New Construction
  • Reverse Mortgages

2195 Hyacinth Street NE #191, Salem, OR 97301
WebsiteLicense: 1830524

Expertise.com Rating

Review Sources

Google
5.0 (12)
Facebook
5.0 (5)

Why choose this provider?

Mighty Mortgage is a Salem-based service provider catering to borrowers in the metro. Its staff helps mortgage holders with refinancing needs such as eliminating mortgage insurance, cashing out, and lowering monthly payments. The staff assists clients in assessing their finances, crunching the numbers, and navigating the refinancing process, from pre-qualification and processing to closing. Founder Richard Gessford started his lending career in 1984 and previously served in the army. His company employs green practices through paperless services.

  • New Construction

3723 Fairview Industrial Dr SE, Suite 190, Salem, OR 97306
WebsiteLicense: 2367229

Expertise.com Rating

Review Sources

Google
5.0 (26)

Why choose this provider?

Mortgage Marketplace serves residents of Salem who need a variety of loans and refinance options. These choices include government-supported programs fit for members of the national defense establishment and farmland investors. The team has products for home renovation and construction projects. Refinancing is also available to make use of reduced rates. Mortgage Marketplace is owned by broker Mike Gillett, who has been in the home financing sector since 1995. He caters to seasoned and first-time homeowners.

  • Reverse Mortgages

1578 Commercial St. SE, Salem, OR 97302
WebsiteLicense: 399162

Expertise.com Rating

Review Sources

Google
5.0 (360)
Facebook
5.0 (25)
Yelp
4.5 (5)

Why choose this provider?

Landmark Professional Mortgage Company serves clients in Salem and the surrounding areas who need various loan options. The team handles the nitty-gritty details of the mortgage process including the undewriting, and processing of documents. Refinancing is available for buyers with existing contracts who wish to obtain less burdensome terms and conditions of payment. The company is led by Cindy Crowley and David Hafner and was formed out of a merger in 2011. It is associated with the Central Oregon Builders Association.

  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Capitol Mortgage Company
2254 Wilmington Ave NW, Salem, OR 97304
Mann Mortgage Salem
280 Liberty St. SE 110, Salem, OR 97301
Fairway's First Team
4985 Battle Creek Rd SE, Salem, OR 97302
Kim Chichester
388 State Street, Suite 940, Salem, OR 97301
Rock River Financial
388 State St, Salem, OR 97301
Mortgage First Corporation
1761 Liberty St SE, Salem, OR 97302
Lighthouse Home Loans
110 Wallace Rd. NW, Salem, OR 97304
Mighty Mortgage
2195 Hyacinth Street NE #191, Salem, OR 97301
Mortgage Marketplace
3723 Fairview Industrial Dr SE, Suite 190, Salem, OR 97306
Landmark Professional Mortgage Company
1578 Commercial St. SE, Salem, OR 97302

Salem, OR Mortgage Refinance FAQs

  • What should Salem homeowners do first if they are thinking of refinancing their mortgage?

    Homeowners in Salem seeking to refinance their mortgage for better loan terms should first consult their existing lending institution. Exploring options with other lenders may provide higher loan-to-value ratios or reduced interest rates. Comparison of offerings aids in obtaining an option that may decrease monthly installments or enable the extraction of home equity in cash.

  • What should homeowners in Salem understand about mortgage rates when considering refinancing?

    Homeowners in Salem must recognize that mortgage interest rates change every day. If rates descend to an attractive level for refinancing, securing that rate with a financial institution may be wise. This step may involve selecting a financial provider, acquiring preliminary approval, and possibly incurring a charge to guarantee the rate. Judicious timing is crucial, as attempting to catch the lowest possible rate carries risk due to unforeseen rate shifts.

  • For homeowners in Salem, what is the significance of a good credit score during the mortgage refinance application process?

    For homeowners in Salem, a good credit score is pivotal as it greatly influences the likelihood of securing the most favorable interest rates during the mortgage refinance process. Actions like opening new credit lines or closing existing ones can detrimentally impact this score. Thus, maintaining a robust credit score ensures better terms and conditions when refinancing.

  • What is the USDA streamline refinance loan, and how does it benefit homeowners in Salem?

    The USDA streamline refinance loan provides a path for Salem homeowners with an existing USDA mortgage to lower their interest rate. Modeled after other successful streamline refinance programs like the VA IRRRL, it offers ease in the refinancing process. Since qualifications are already met, this method speeds up the process, trims paperwork, eliminates property inspection, and integrates closing costs into financing, demanding less cash upfront.

  • What are the pros and cons of variable-rate mortgages for homeowners in Salem, and how does refinancing come into play?

    Variable-rate mortgages in Salem provide flexibility by not locking borrowers into a stagnant rate if interest is poised to drop, possibly lowering costs. The downside is that rates could escalate, causing changes in payments. When interest rates are depressed, refinancing to a fixed mortgage becomes an option, granting homeowners the stability of unchanging interest fees, thereby diminishing the risks associated with fluctuating rates.