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2024

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Best Mortgage Refinance Companies in Des Moines

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 Des Moines 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.

110

Reviewed

69

Curated

8

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
1350 Hannah Ln, Waukee, IA 50263
  • New Construction

Why choose this provider?

First Rate Mortgage is a locally owned and operated independent mortgage broker serving clients in Des Moines. It offers mortgage refinancing services to help buyers lower their monthly payments. Its mortgage consultants work with multiple wholesale lenders to provide clients with mortgage loan options that match their needs and situations. The broker offers conventional, USDA, Freddie Mac, and Fannie Mae loans. Principal Angela Swank is a mortgage broker who founded First Rate Mortgage in 1998.

License Verified:

License: 2667

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (35)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
10430 New York Avenue, Urbandale, IA 50322
  • Reverse Mortgages

Why choose this provider?

Independent Mortgage has been serving residential property owners in and around the Des Moines area for more than 25 years. The company assists clients in refinancing their existing mortgages and purchasing their new homes. Its team educates customers about different home loans and helps them throughout the home buying process. One of its members, Balik Woellhof, has been active in the mortgage industry for the last decades. Founder John Burns has worked with Freddie Mac and Fannie Mae to create mortgage products.

License Verified:

License: 22736

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
4.6 / 5 (10)
Google
5.0 / 5 (9)

Website
2753 99th St., Urbandale, IA 50322
  • New Construction

Why choose this provider?

Charles Chedester, who is affiliated with Midwest Family Lending, provides mortgage assistance for residents in the Des Moines area. He helps clients refinance current loans, whether to consolidate debt, finance a home, or lower monthly rates. The professional also assists different types of clients, including self-employed professionals, entrepreneurs, and individuals with high and low credit, in financing their homes. FHA, VA, and conventional loans are some of the products he offers. Charles is a Certified Residential Mortgage Specialist and a Certified Veterans Lending Specialist.

License Verified:

License: 8636

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (32)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
3839 Merle Hay Road, Des Moines, IA 50310
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Halo Capital is a locally owned and operated mortgage lending company serving clients in the Des Moines area. It offers various loan options, including conforming, jumbo, USDA, FHA, and VA loans. The company offers additional services for rate estimators, home purchase financing, funding, and debt consolidation options. Its lenders assist clients in finding the right home loan that fits their unique needs and situation. Moreover, Halo Capital is a member of the Mortgage Professionals of Iowa.

License Verified:

License: 5853

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (58)
Facebook
5.0 / 5 (31)
Yelp
4.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1408 Locust St Suite 102, Des Moines, IA 50309
  • Reverse Mortgages

Why choose this provider?

Sam Leahy is a mortgage loan officer with Community Choice who caters to clients in and around Des Moines. Leahy helps individuals and families with their mortgage refinance needs to reduce monthly payments, cash out some of their equity, or consolidate existing debts. He also provides customized mortgage lending solutions to match the needs of clients seeking to buy a new house, including those buying for the first time, looking for a new primary property, or hoping to buy a second vacation home.

License Verified:

License: 1218416

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.5 / 5 (13)

Website
2755 106th St., Urbandale, IA 50322
  • Commercial Loans
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Mortgage Producers, Inc. is a locally owned and operated company that helps individuals and families in Des Moines and the surrounding areas. It offers mortgage refinancing solutions, providing loan arrangements, such as special home equity, conventional, and high-debt ratio loans. It also processes government loan programs, including FHA, VA, and USDA rural development options. Its team assists in a range of services, from credit reports and pre-approval to debt consolidation. Mortgage Producers brings over 20 years of industry experience.

License Verified:

License: 1680

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (30)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2753 99th Street, Urbandale, IA 50322
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Midwest Family Lending is a firm of mortgage loan specialists that helps clients navigate their options for mortgage refinancing in the Des Moines area. The independent mortgage company is tied up with multiple lenders that can offer different loan and refinancing options for homeowners. Its conventional, government, and specialty loan options are available for various refinancing needs such as monthly payment reduction, equity cash-outs, and mortgage term reduction. MFL and its loan officers are all licensed by the NMLS.

License Verified:

License: 4622

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (228)
Facebook
5.0 / 5 (110)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
2.3
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
2400 86th Street, Suite 29, Urbandale, IA 50322
  • New Construction
  • Reverse Mortgages

Why choose this provider?

The Tyler Osby Team, a company under Fairway Independent Mortgage Corporation, offers refinancing solutions to clients in Des Moines and nearby areas. Its process starts with an online application followed by a one-on-one consultation to discuss the applicable loan options. One of its previous clients commended the team for providing them with weekly updates on the progress of their application. Other clients say they appreciate the team's easy accessibility and promptness in answering any of their questions.

License Verified:

License: 8668

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1017)
Facebook
4.9 / 5 (403)
Yelp
5.0 / 5 (18)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • 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.
  • What is the minimum credit score needed in Des Moines for a cash-out refinance?

    The required credit score for utilizing your home equity in Des Moines differs depending on the lender. While a credit score ranging from 620 to 660 should generally work for a cash-out refinance, other lenders have standards that are closer to 700. If a borrower's credit score is at the lower range, he or she must anticipate a higher interest rate.

  • What is the typical duration for finalizing a cash-out refinance in Des Moines?

    In Des Moines, most individuals completing a cash-out refinance typically finalize the process within 45 to 60 days. The timeline hinges on several factors, including the lender, the state of the market, and the borrower's capacity to deliver the required documents. Before contacting a lender, those aiming for a swift closing should ensure they're well-prepared with all necessary paperwork.

  • What is the waiting period for another refinance after completing one in Des Moines?

    If you've previously refinanced your mortgage in Des Moines and interest rates have dropped since then, you might be considering another round of refinancing. There's no cap on the number of times you can refinance your mortgage, although there might be a short waiting period after your most recent closure, usually a few months.

  • Which documents are required for the purpose of refinancing in Des Moines?

    Some of the important documents you may need to provide when refinancing in Des Moines are:

    • Your credit history.
    • W2 forms.
    • Federal tax filings.
    • Duplicate of your driver's license.
    • Recent salary slips.
    • Statements of existing debts (like credit cards, student loans, and car loans).
    • Assets documentation.
  • When is refinancing not advisable in Des Moines?

    Several factors might discourage refinancing in Des Moines. Refinancing involves certain closing expenses similar to those incurred during your home purchase. If you only plan to stay for a short time, these costs can outweigh any potential advantages of a lower rate. Furthermore, refinancing might not be the best decision for you if you lack the immediate resources to pay these upfront expenses. Specific refinancing options could also extend your loan's repayment timeline, potentially leading to higher total payments over time.

  • 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.