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2024

Last updated:

Best Mortgage Refinance Companies in Lowell

Our Recommended Top 13

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 Lowell 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.

70

Reviewed

47

Curated

13

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
98 High Street, Danvers, MA 01923
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Michael Rice, also known as "The Mortgage Guy," is a NewFed Mortgage agent who serves the Lowell area. He has more than 20 years of experience in guiding clients who seek to refinance for debt payments and interest rate reductions. He offers several loan options, including down payment assistance programs through MassHousing, for those seeking to purchase a new home or obtain investment properties in the region. Rice is also the firm's Vice President of Origination.

License Verified:

License: 47904

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)

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
19 Pilgrim Road, Boston, MA 02215
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Geovanne Colon is a mortgage broker who addresses the financial needs of people in Lowell and its nearby communities. NMLS-registered, he facilitates refinancing homeowners, structuring their new funds toward optimal results. He also works with first-time homebuyers, investment buyers, as well as senior citizens looking for reverse mortgages. His website gives visitors access to a mortgage guide and checklist as added decision-making resources. It also has an online amortization calculator. Colon is an Equal Housing Lender.

License Verified:

License: 1880655

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 (24)
Facebook
5.0 / 5 (9)

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
6 Maple St Suite 202, Northborough, MA 01532
  • Reverse Mortgages

Why choose this provider?

Prestige Home Mortgage delivers a variety of refinancing and loan options to clients in and around Lowell. The crew restructures obligations to benefit excessively burdened debtors. It has house purchase programs tailored to the diverse needs of real estate professionals, individuals, and builders. The company has online facilities for tracking alternative products and applying for mortgages from home. Prestige Home Mortgage has operations across five states. It also caters to Spanish and Portuguese language speakers.

License Verified:

License: 2868

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.
4.9
Google
4.9 / 5 (41)
Facebook
5.0 / 5 (29)

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
142 Main Street Suite 219, Nashua, NH 03060
  • Reverse Mortgages

Why choose this provider?

Alpha Mortgage & Financial Services is a locally owned and operated business that offers residential and commercial financial services for clients in Lowell and nearby locations. Its team provides various mortgage programs with optional terms to help clients with financial needs. It helps with the choice of mortgage terms, whether to refinance, cash out, or lower rate and term. Among its mortgage rate options are adjustable ARM, fixed-rate, interest only, and graduated payments. Loan programs are also available.

License Verified:

License: 1988

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.
4.9
Facebook
4.9 / 5 (61)
Google
5.0 / 5 (9)
Yelp
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
331 Marrett Road, Lexington, MA 02421

Why choose this provider?

Morningtide Financial Group offers lending and restructuring solutions to homebuyers in Lowell. Its programs include hybrid and regular adjustable-rate mortgages. Traditional fixed-rate options and VA-backed products are on hand, and refinancing is available for clients with existing debts. The team maintains online forms and calculators to equip consumers with the preliminary information and tools they need before formal consultations. Morningtide Financial Group supports the Dana-Farber Cancer Institute and sponsors the latter’s annual Lexington PMC Kids Ride.

License Verified:

License: 40080

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.
4.9
Google
4.8 / 5 (26)
Facebook
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

Website
300 Rosewood Drive, Suite 240, Danvers, MA 01923
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Brad Vocino, a mortgage loan officer for Ross Mortgage Company, Inc., works with homebuyers and homeowners in and around Lowell. He aids borrowers in finding a refinancing program that enables them to access the equity in their houses and obtain a reduced rate or monthly payment. He also guides first-time homebuyers through the entire mortgage process and educates them to make informed purchasing decisions. Brad reviews clients' unique situations and needs and determines their loan eligibility.

License Verified:

License: 351606

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 (126)
Facebook
5.0 / 5 (39)

Website
285 Billerica Road, Chelmsford, MA 01824
  • Reverse Mortgages

Why choose this provider?

Monument Mortgage Co. handles refinancing requests from clients in the Lowell area and surrounding metros. Existing mortgages are refinanced to reduce monthly payments for reasons such as debt consolidation. It also works with those seeking shorter mortgage terms due to cash-outs for college tuition, and marital home buyouts. The firm also has HARP, FHA, and VA loans available, as well as fixed-rate mortgages, and ARMs. Monument Mortgage Co. has been in the industry since 1989. It is also licensed to operate in New Hampshire and Maine.

License Verified:

License: 2705

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 (1)

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
306 Main St, Reading, MA 01867
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Tower Home Loans addresses the financing needs of individuals and families in Lowell. It provides refinancing services to clients that are planning to lower the interest rate of their current loan program or change its term. It also assists first-time homebuyers throughout the mortgage process, helping them understand their options based on their financial situation. The company offers mortgage solutions to those who are looking for a second home or an investment property. Tower Home Loans has been serving the area since 2015.

License Verified:

License: 1207424

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
Google
4.7 / 5 (39)
Facebook
5.0 / 5 (9)

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
515 Lowell St,, Peabody, MA 01960
  • Reverse Mortgages

Why choose this provider?

Miller Mortgage caters to property buyers and owners throughout Lowell. It provides mortgage refinancing services to help clients reduce their interest rates or monthly payments, consolidate debts, or pay off their mortgages faster. It also assists customers in applying for various home loan programs such as VA, USDA, FNMA, and FHA. Miller Mortgage has been in the business for more than 15 years and helps many groups, like the American Cancer Society, Peabody Public Schools, and Windrush Farm. 

License Verified:

License: 2513

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.
4.9
Google
5.0 / 5 (63)
Facebook
4.6 / 5 (36)
Yelp
5.0 / 5 (7)

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
20 Trafalgar Square, Nashua, NH 03063

Why choose this provider?

Nextgen Mortgage, Inc., attends to the needs of its clients in and around Lowell. The brokerage offers home purchasing and refinancing solutions to its clients. It handles FHA, VA, FannieMae, and FreddieMac loan matters. Its team guides homeowners who are contemplating refinancing to evaluate their respective reasons and their current capacity in choosing the most suitable option. The brokerage's team of loan officers averages about 10 years of mortgage broker experience.

License Verified:

License: 1621958

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.
4.9
Google
4.9 / 5 (68)
Facebook
5.0 / 5 (14)

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
74 South St, Hopkinton, MA 01748
  • Reverse Mortgages

Why choose this provider?

Zenith Mortgage Advisors is a full-service brokerage that serves people in Lowell. It offers home purchase loans through FHA, VA, USDA, HomePath, Jumbo, and conventional products. It has reverse mortgage programs. The firm assists with refinancing through FHA, VA, 203k, HELOC, HARP, and jumbo loan programs. It also helps with non-qualified mortgages, allowing clients to qualify for loans using alternative means, including bank statements or assets. Zenith Mortgage Advisors employs staff with over nine decades of combined experience in the industry.

License Verified:

License: 4948

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 (92)
Facebook
5.0 / 5 (28)

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
7 Hampshire Street, Suite 102, Methuen, MA 01844
  • Reverse Mortgages

Why choose this provider?

Primelending - Methuen is a mortgage brokerage firm that serves homeowners and buyers in Lowell and the surrounding areas. It assists those looking to get lower interest rates, lower monthly payments, and cash out equity through refinancing. It also offers various loan options for new property buyers and those planning to renovate their current houses. Its method includes an online application where clients may directly upload financial documents through their mobile devices. Primelending is a PlainsCapital Company.

License Verified:

License: 1727782

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.
4.9
Google
4.9 / 5 (62)
Facebook
5.0 / 5 (6)

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
90 Stiles Rd., Salem, NH 03079
  • New Construction
  • Reverse Mortgages

Why choose this provider?

New England Regional Mortgage Corp. caters to individuals in the Lowell metro. It offers mortgage refinancing solutions to help clients reduce interest rates, consolidate debts, and cash out equity for home improvements. It has a wide selection of programs, such as jumbo, VA, FHA, and investment property loans. The company works with over 100 investors to provide 30-year mortgages, home equity lines, and commercial and conventional loan options. Its team has over 25 years of experience in the industry.

License Verified:

License: 2813

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
Google
4.8 / 5 (19)
Facebook
5.0 / 5 (7)

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.
  • When should you consider refinancing your mortgage in Lowell?

    You should consider refinancing your mortgage in Lowell if you're looking to consolidate debts, modify mortgage ownership, secure a reduced interest rate, shorten your loan terms, lower your monthly payments, and access home equity for major expenses. Through this, you can also adopt a fixed-rate structure, eliminate private mortgage insurance or PMI, and boost cash flow for investment properties. Always take note that your decision to refinance should align with your specific financial objectives.

  • How do you qualify for the Home Affordable Refinance Program in Lowell?

    To qualify for the Home Affordable Refinance Program in Lowell, you need an 80% or higher loan-to-value ratio, up-to-date mortgage payments without more than 30 days' lateness in the past year, sufficient income to meet new loan terms, and a mortgage not exceeding 125% of your home's current market value. The property must be an owner-occupied primary residence, not an FHA, VA, or USDA loan, and your mortgage must be owned or securitized by Fannie Mae or Freddie Mac.

  • Can refinancing help terminate your agreement with the state's ONE Mortgage program in Lowell?

    Yes, refinancing help terminate your agreement with the ONE Mortgage program in Lowell. If you decide to no longer live in the property as your primary residence, you have the option to refinance out of the ONE Mortgage. While the program is not directly administered by the government, it is a partnership between the Massachusetts Housing Partnership and over 40 lenders to assist eligible individuals and families in purchasing their first homes.

  • When can you expect your refinance proceeds to be available in Lowell?

    In Lowell, your refinance proceeds become available after the expiration of the three-day right of rescission period as mandated by federal law. The three-day right of rescission is a federal regulation that grants borrowers three business days to reconsider their decision to refinance a loan. The rescission period begins on the day of the closing. However, the closing day, Sundays, and legal holidays are not counted as rescission days.

  • What are the ideal mortgage rates to consider for refinancing in Lowell?

    Ideal mortgage rates for refinancing are typically around 2% lower than your current interest rate. However, even a reduction of 1% or less can make refinancing beneficial in certain situations. The decision to refinance depends on factors such as your loan amount, monthly budget, and how long you plan to stay in your home. It's important to consult with a knowledgeable lender in Lowell to determine the best time to refinance based on current rates and your individual financial goals.

  • 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.