Expertise.com Homepage

2024

Last updated:

Best Mortgage Refinance Companies in El Paso, TX

Our Recommended Top 9

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 El Paso 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.

328Reviewed

200Curated

9Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1344 N Zaragoza Rd, El Paso, TX 79936

Expertise.com Rating

Review Sources

Google
4.9 (47)
Facebook
5.0 (11)

Why choose this provider?

Gracie Estep is a loan officer affiliated with Town Square Mortgage. She caters to the El Paso metro and the surrounding communities. She assists individuals who own different types of residential properties such as condominiums, single- and multi-family homes, and townhouses by offering mortgage refinance options. These programs allow homeowners to cash out, change the length of loans, and lower their interest rates and monthly payments. Some of the loans Gracie provides are conventional, FHA, USDA, and VA.

  • Multi-Family Loans

221 N. Kansas St., Suite 700, Rm. 722, El Paso, TX 79901

Expertise.com Rating

Review Sources

Google
5.0 (75)
Yelp
5.0 (3)

Why choose this provider?

The Francisco Mortgage Team offers various loans and refinancing arrangements to consumers in El Paso. The firm works with first-time homebuyers and repeat purchasers by delivering conventional, FHA, and jumbo loan products with fixed and variable rates. The team also consolidates debts and rearranges payment terms to reduce the burden on its clients. The office employs bilingual loan officers to transact business with Spanish-speaking customers. Its clientele extends to military service personnel covered by Veterans Affairs.

  • New Construction

6070 Gateway East STE 311, El Paso, TX 79905

Expertise.com Rating

Review Sources

Google
5.0 (104)
Facebook
5.0 (24)

Why choose this provider?

Home Plate Mortgage is an El Paso-based company that caters to local clients and those in its surrounding locations. Its staff specializes in the provision of different mortgage types for refinancing purposes, including VA, USDA, FHA, and conventional loans, for lowered interest rates and cash-outs. Its consultants are available for discussions concerning the loan process and other factors such as changes in interest rates and market guidelines. The company's owner, Gilbert Madrid, has been working as a residential loan originator for more than 10 years.

  • New Construction

1473 Lee Trevino Dr., Ste B, El Paso, TX 79936

Expertise.com Rating

Review Sources

Google
5.0 (6)
Yelp
5.0 (1)

Why choose this provider?

My Home Loans is a family-owned business helping clients in El Paso and surrounding areas realize and afford their dream homes. It helps future homeowners match with the right home loans, including FHA, conventional, and VA loans. Clients can also opt for refinancing existing home mortgages to lower interest rates, shorten terms, and change loan types. My Home Loans also offers home equity loans that can be used for home improvements, debt consolidation, or property purchases.

  • New Construction

1155 Westmoreland Drive, El Paso, TX 79925
WebsiteLicense: 823900

Expertise.com Rating

Review Sources

Google
4.9 (125)
Facebook
5.0 (13)
Yelp
5.0 (1)

Why choose this provider?

Based in El Paso, Sun City Home Loans uses mortgage refinance tools to help clients obtain mortgage plans that match their goals. The company assists them in achieving homeownership and financial goals by providing its expertise to them throughout the refinancing process. It offers clients mortgage refinancing options based on various criteria and compares mortgage interest terms and rates on their behalf. In addition, Sun City Home Loans works with them in getting approved for fixed rates, adjustable rates, jumbo loans, and super jumbo loans.

  • Reverse Mortgages
  • NMLS #: 39166

1473 N. Lee Trevino, El Paso, TX 79936

Expertise.com Rating

Review Sources

Facebook
5.0 (41)
Google
5.0 (11)

Why choose this provider?

Marquis Mortgage, LLC, caters to clients in the El Paso metro and the surrounding areas. It assists homeowners who are looking to refinance their mortgage. It also provides other types of loans, such as cash-outs, purchases, and rehabs. Its team walks the clients throughout the process, including application, appraisal, site visit, approval letter issuance, document preparation, and funding. Marquis Mortgage brings more than 10 years of experience in the industry. It is a member of the El Paso Hispanic Chamber of Commerce.

  • Commercial Loans

300 Thunderbird Drive, Suite 1, El Paso, TX 79912

Expertise.com Rating

Review Sources

Google
5.0 (104)

Why choose this provider?

Insight Mortgage Company works with El Paso residents who need loan and refinancing options. These products range from mortgages with 15 or 20-year fixed periods to jumbo, FHA, and USDA loans. The team restructures debts to obtain more favorable rates and terms. It maintains online tools such as pre-approved letters and calculators that provide preliminary information before meeting an advisor. Insight Mortgage Company has been in service for 20 years and has clients in the military sector.

  • New Construction

10821 Gateway Blvd W, Ste 300, El Paso, TX 79935

Expertise.com Rating

Review Sources

Facebook
4.9 (110)

Why choose this provider?

Capital Farm Credit El Paso offers home loan refinancing services in the metro. Its lending specialists finance metal homes, help retain ag tax valuation for some properties, and do not restrict on the basis of acreage. It also provides FHA, second-home, construction, and purchase loans inside or outside the city limits. Capital Farm Credit El Paso has been in the industry since 2006. The firm also provides risk management solutions like multi-peril and crop hail insurance.

  • New Construction

7362 Remcon, El Paso, TX 79912

Expertise.com Rating

Review Sources

Google
5.0 (81)
Facebook
5.0 (36)

Why choose this provider?

ReAnn Gonzalez is a residential mortgage loan originator with Edge Home Finance Corporation serving El Paso and its surrounding communities. She conducts discussions with clients to help them shop for different mortgage options whether they are investors, refinancing homeowners, first-time homebuyers, or move-up and second-home buyers. ReAnn keeps customers up to date on the loan process by immediately responding to emails and phone calls. She also provides assistance to execute and accomplish the closing process in a timely manner.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Gracie Estep
1344 N Zaragoza Rd, El Paso, TX 79936
The Francisco Mortgage Team
221 N. Kansas St., Suite 700, Rm. 722, El Paso, TX 79901
Home Plate Mortgage
6070 Gateway East STE 311, El Paso, TX 79905
My Home Loans
1473 Lee Trevino Dr., Ste B, El Paso, TX 79936
Sun City Home Loans
1155 Westmoreland Drive, El Paso, TX 79925
Marquis Mortgage, LLC
1473 N. Lee Trevino, El Paso, TX 79936
Insight Mortgage Company
300 Thunderbird Drive, Suite 1, El Paso, TX 79912
Capital farm Credit El Paso
10821 Gateway Blvd W, Ste 300, El Paso, TX 79935
ReAnn Gonzalez
7362 Remcon, El Paso, TX 79912

El Paso, TX Mortgage Refinance FAQs

  • Is refinancing a home in El Paso the same as obtaining a new mortgage?

    Refinancing a home in El Paso means securing a fresh mortgage to clear the previous one, but it's different from buying a new property's mortgage. During refinancing, there's usually no need for a down payment, and closing expenses might be included in the new loan. These factors often make the process more accessible and can result in a lower monthly mortgage payment due to potentially reduced interest rates.

  • When is refinancing a home mortgage sensible for homeowners in El Paso?

    For homeowners in El Paso, refinancing a home mortgage becomes a logical move if the expenses of adjusting a property loan can be equalized within the initial 36-month timeframe. While engaging with a financial professional on this subject, individuals must probe into the entire cost involved in the adjustment, the economic advantages or regular savings they might acquire, and the possibility of retrieving the expenses in the initial three years post-adjustment.

  • Who qualifies for refinancing a property loan in El Paso?

    Refinancing a property loan is primarily an option for borrowers in El Paso who possess solid financial credentials, like adequate earnings, commendable credit, and generally a minimum of 20 percent equity in their residences. To demonstrate their eligibility, individuals must provide particular documents to the potential creditor, such as income evidence, debt summary, and asset statements. Certain financial institutions demand tighter criteria, such as a seven-year gap from any bankruptcy or property loss incident.

  • Who is eligible for a VA Refinance Loan in El Paso?

    Eligible individuals in El Paso, such as active military, veterans, reserve members, National Guard participants, and certain bereaved spouses of veterans, can apply for a VA Refinance Loan covering up to 100% of their home's present assessed worth. Obtaining a Certificate of Eligibility is a critical step in qualifying for this loan. This document guarantees lenders that the applicant meets the precise VA loan standards, confirming their program eligibility.

  • What can homeowners in El Paso do with a cash-out refinance?

    Homeowners in El Paso can tap into a cash-out refinance to access additional money from their home equity. This financing option, available to those with strong credit and substantial equity in their property, enables the payment of high-interest obligations, funding of domestic upgrades, or other investment opportunities. It must be noted that opting for this choice might extend the loan's duration or elevate the monthly payment on the mortgage.