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Best Mortgage Refinance Companies in Philadelphia, PA

Our Recommended Top 8

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 Philadelphia 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.

762Reviewed

460Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

8400 Bustleton Avenue, Philadelphia, PA 19152
WebsiteLicense: 1758932

Expertise.com Rating

Review Sources

Facebook
5.0 (30)
Google
5.0 (2)
Yelp
5.0 (1)

Why choose this provider?

Lisa Home Mortgage is a mortgage refinancing company serving clients in Philadelphia. The firm specializes in residential mortgage loan options, including VA, FHA, conventional, self-employed, and verification of employment loans. It also offers refinancing loans for owners of single-family homes, multi-family residences, condominiums, and townhouses. Moreover, the professionals from the company assist clients in down payments and closing costs. Lisa Home Mortgage is a member of the National Association of Mortgage Brokers and the Association of Independent Mortgage Experts.

  • Refinance
  • Low Credit Scores
  • Fast Closings

Philadelphia, PA
WebsiteLicense: 1951574

Expertise.com Rating

Review Sources

Google
5.0 (597)
Facebook
5.0 (91)
Yelp
5.0 (6)

Why choose this provider?

Agave Home Loans serves clients from Philadelphia who need mortgage refinancing for their homes. The company's professionals assist individuals in understanding refinancing and find the most appropriate options for their needs. They also inform customers about the benefits of switching from a mortgage with fixed-rate to adjustable-rate for making predictable payments. In addition, this independent broker's agents work with underwriters to deliver application results within hours. CEO Marshall Gottlieb was a mortgage banking director for a big mortgage lender before forming Agave Home Loans.

  • Multi-Family Loans

9925 Bustleton Avenue, Philadelphia, PA 19115
WebsiteLicense: 1855668

Expertise.com Rating

Review Sources

Google
5.0 (75)
Facebook
5.0 (1)

Why choose this provider?

Innovative Mortgage Brokers is a small commercial and residential mortgage broker in Philadelphia. Founded by Yury Shraybman, the 20-year-old company offers various loan options and refinancing services to its clients. These loan programs include FHA loans, fixed-rate mortgages, jumbo loans, rehab loans, USDA loans, and VA loans. For refinancing, clients can opt for a cash-out refinance or a rate-and-term refinance. The company assists its clients in finding suitable mortgage loans for them by helping them look into their finances, history, and needs.

  • Reverse Mortgages
  • NMLS #: 39166

2518 Christian Street, Philadelphia, PA 19146
WebsiteLicense: 1130618

Expertise.com Rating

Review Sources

Facebook
5.0 (21)
Google
4.6 (10)

Why choose this provider?

Paradise Mortgage Brokers has over 20 years of experience in providing mortgage assistance in Philadelphia. Owner Michelle Vaughn has been handling FHA 203k renovation, jumbo loans, and conventional loans since 2001. The company assists clients in understanding different loan types, such as FHA , VA, and USDA RD. Its refinancing options, including take cash out, lower monthly payments, and short loan terms, help pay off clients' mortgages in a shorter time. Clients can access and upload documents on the company's website 24/7.

  • Reverse Mortgages
  • NMLS #: 39166

7112 Germantown Avenue, Philadelphia, PA 19119

Expertise.com Rating

Review Sources

Google
4.8 (32)
Yelp
2.5 (14)

Why choose this provider?

Direct Mortgage Loan Company is a private lender that specializes in providing financing options for investors and real estate developers which may involve cash-out refinance, new construction, or rehab loans. The company funds single-family, multi-family, commercial, and mixed-use properties that will be used for investment or business purposes. In 2019, its president, Jared E. Pontz, was named by the Philadelphia Inquirer as an Influencer of Finance. He joined the business in 2005 and became president 13 years later.

  • Reverse Mortgages

1500 Walnut Street, Philadelphia, PA 19102
WebsiteLicense: 130757

Expertise.com Rating

Review Sources

Google
4.8 (4)

Why choose this provider?

American Mortgage Lending, Inc., serves Philadelphia clients with an array of refinancing options. It aims to provide clients with honest, transparent, and personalized services. The firm's mortgage professionals have the knowledge and systems to ensure smooth loan processing and can help clients determine the right loan option that suits their needs. American Mortgage Lending, Inc., also offers debt consolidation that lets clients combine several debts into a single loan that is more manageable for them.

  • Reverse Mortgages
  • NMLS #: 39166

50 2nd Avenue, Collegeville, PA 19426
WebsiteLicense: 1706247

Expertise.com Rating

Review Sources

Google
5.0 (8)

Why choose this provider?

Philadelphia Mortgage Brokers is an independently and locally owned mortgage refinancing company that serves clients in Philadelphia. It offers a variety of loan programs for homeowners and homebuyers that includes fixed-rate, adjustable-rate, FHA, VA home, and HARP loans, as well as reverse mortgages. Paul J. Carson and Evan Wade established the company in February 2018. Paul, who has a Finance and Marketing degree, started his career in the mortgage industry in January 2008. Evan, meanwhile, is also a mortgage broker.

  • Reverse Mortgages
  • NMLS #: 39166

1315 Walnut Street, Philadelphia, PA 19107
WebsiteLicense: 1216995

Expertise.com Rating

Review Sources

Facebook
5.0 (2)

Why choose this provider?

Keystone Lending Partners, Inc., is a local mortgage firm in Philadelphia with almost two decades of experience in residential loans. The company aims to give its clients personalized service and provide guidance throughout the whole lending process. It offers a variety of loan options for clients who are looking to refinance their mortgage for any financial purpose they have in mind. These options include FHA and VA loans as well as fixed-rate and adjustable-rate mortgages.

  • Reverse Mortgages
  • NMLS #: 39166

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Lisa Home Mortgage
8400 Bustleton Avenue, Philadelphia, PA 19152
Agave Home Loans
Philadelphia, PA
Innovative Mortgage Brokers
9925 Bustleton Avenue, Philadelphia, PA 19115
Paradise Mortgage Brokers
2518 Christian Street, Philadelphia, PA 19146
Direct Mortgage Loan Company
7112 Germantown Avenue, Philadelphia, PA 19119
American Mortgage Lending, Inc.
1500 Walnut Street, Philadelphia, PA 19102
Philadelphia Mortgage Brokers
50 2nd Avenue, Collegeville, PA 19426
Keystone Lending Partners, Inc
1315 Walnut Street, Philadelphia, PA 19107

FAQs

  • 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 equity stripping banned in Philadelphia?

    Yes, Philadelphia bans equity stripping by forbidding lenders from originating high-cost or threshold loans if they think that borrowers cannot repay their loans. Borrowers can presumably repay loans if their scheduled payments, including taxes, principal, interest, assessments, and insurance, are less than half their gross monthly income and if they have enough residual income to cover remaining monthly debts and expenses. The provision only applies to borrowers who have income not exceeding 120% of the median Philadelphia family income.

  • When is a loan considered predatory in Philadelphia?

    A loan is predatory if it fits Philadelphia’s definition of “threshold loans." These are loans secured by residential properties classified as 1-to-4 family, cooperative, or condominium units that fulfill one of the following: First-lien residential mortgage loans are considered a "high-cost loan" if, at any point, the Annual Percentage Rate is 6.5% or more above the yield on Treasury securities with a similar maturity period. For a junior lien loan, its APR should exceed 6.5 to 8 percentage points of the same.

  • What are some Act 8 updates to the Mortgage Licensing Act that affect Philadelphia?

    Some Act 8 updates affecting Philadelphia include the following:

    • Removes the “mortgage loan correspondent” licensing category;
    • Removes duplicate regulation, examination, and licensure of installment sellers and their employees with Consumer Credit Code licenses and who offer financing regulated by the same;
    • Permits licensees complying with Consumer Financial Protection Bureau requirements on lock-in agreements;
    • Clarifies language stating that non-bank servicing regulations are not applicable to time shares, reverse mortgage loans, and entities exempted from licensure.
  • What are the three kinds of licenses for mortgage brokers in Philadelphia?

    There are three various mortgage licenses for brokers in Philadelphia, which are for individuals, branches, and companies. One type of individual broker license is the mortgage originator license, which allows holders to negotiate loan terms and process mortgage loan applications. It is the most common license at the individual level.

  • What are the educational requirements required for brokers to obtain a mortgage broker license in Philadelphia?

    The educational requirements needed by brokers to obtain a license in Philadelphia include three hours each of courses related to consumer protection, ethics, fair lending, and fraud issues; federal regulation and law; and state law on mortgage lending. They are also required to have two hours of classes related to non-traditional lending alternatives and 12 hours of elective courses on mortgage lending.

  • 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.