Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Baltimore

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 Baltimore 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.

345Reviewed

212Curated

13Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
904 Light St,, Baltimore, MD 21230
  • New Construction

Why choose this provider?

Federal Hill Mortgage caters to clients in Baltimore and its surrounding communities. It offers various mortgage loan options for home buyers and those planning to refinance, including 15- and 30-year fixed mortgages, adjustable-rate mortgages, VA, USDA, and FHA loans. The company closed $312 million loans in 2021 and was featured on CNBC. One client who needed assistance with a real estate transaction praised founding member Tammy Saul for researching the borrower's situation and developing a strategy to accomplish a successful closing.

License Verified:

License: MLB176351

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 (242)
Yelp
4.5 / 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
1605 Race Street, Baltimore, MD 21230
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Annapolis First Mortgage, LLC, is a brokerage company based in Baltimore. For more than 20 years, its mortgage specialists have assisted borrowers in applying for refinancing and shopping for a loan product that meets their needs. Fixed-rate mortgages are provided and locked in for 15 or 30 years, while adjustable-rate ones are recalculated monthly or annually. Hybrid ARMs and 2/1 buy-down mortgages are also available. Additionally, Annapolis First Mortgage offers construction lending for builders and real estate professionals.

License Verified:

License: 145323

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 (16)
Facebook
5.0 / 5 (12)

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
Baltimore, MD
  • New Construction
  • Reverse Mortgages

Why choose this provider?

AMC Mortgage serves customers needing loan assistance in Baltimore and surrounding areas. The direct lender provides clients with refinancing options to help save money on monthly payments and lower interest rates. It offers different loan products that its team has formulated after checking into various programs that benefit debtors. This NAMB-member agency offers VA and FHA loans, Tough Credit, and exotic mortgages. Its advisors value transparency by discussing rates and loan terms thoroughly.

License Verified:

License: 139950

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

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
1190 Winterson Road, Linthicum, MD 21090
  • Reverse Mortgages

Why choose this provider?

NFM Lending is a locally owned residential mortgage lender that has been serving individuals and families in Baltimore and the surrounding areas for more than two decades. Its team helps clients shorten their mortgage terms, reduce payments, and take advantage of home equity through refinancing programs. It also offers different types of home purchase loans. NFM Lending has received recognition from The Washington Post, The Baltimore Sun, the National Mortgage Professional Magazine, and the Mortgage Executive Magazine.

License Verified:

License: 2893

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
4.9 / 5 (515)
Facebook
4.6 / 5 (117)

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
555 Fairmount Avenue, Suite 301, Towson, MD 21286
  • Reverse Mortgages

Why choose this provider?

Contour Mortgage serves property buyers and sellers in Baltimore. The company offers mortgage refinance to borrowers looking to lower their monthly payments and shorten their loan terms. Some of its refinance options include cash-out, home equity, and fixed-rate mortgages. The firm also represent multiple carriers that provide home purchase, renovation, VA, and FHA loans. The company has been serving clients for over 25 years. Its mortgage underwriting and processing are done in-house, allowing clients to close their programs faster than brokers and banks.

License Verified:

License: 1327492

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 (434)
Facebook
4.9 / 5 (183)
Yelp
2.3 / 5 (3)

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
3500 Boston St. Suite 234, Baltimore, MD 21224
  • Reverse Mortgages

Why choose this provider?

Secured Funding Corporation is a locally owned and operated mortgage broker serving individuals and families in Baltimore. It provides home financing assistance to different types of borrowers, including first-time home buyers. Types of mortgage products it offers include conventional, FHA, VA, USDA, and 203k loans. In addition, the firm provides mortgage refinance programs. Secured Funding Corporation also operates in Delaware, Virginia, and Florida. Partners Ryan Fisher and James Walls have more than two decades of combined mortgage experience.

License Verified:

License: 79842

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 (25)
Facebook
5.0 / 5 (11)
Yelp
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
1 International Blvd. Suite 1202, Baltimore, MD 07495
  • Reverse Mortgages

Why choose this provider?

Nationwide Equities caters to residents of Baltimore who require refinancing and mortgage programs. HECM and EquityPower reverse mortgage products for senior citizens are on hand with refinancing as an option. The crew also delivers government-sponsored selections for combat veterans and agricultural asset buyers. It has custom solutions for clients with unique concerns that evade cookie-cutter remedies. Nationwide Equities began in 1999 after being conceptualized in 1994. It operates in more than 15 states and the District of Columbia.

License Verified:

License: 1408

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

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
22 W Padonia Road, Timonium, MD 21093
  • Reverse Mortgages

Why choose this provider?

Mint Home Loans, LLC, is a local mortgage brokerage firm that serves clients in Baltimore. It offers refinance mortgage options that provide lower interest rates and reduced monthly payments and loan terms. It also assists first-time home buyers with Freddie Mac and Fannie Mae programs. Additionally, its team helps with national HUD and FHA loan programs. Mint Home Loans was established by Jeremy Kahalas, who has over 20 years of industry experience and is licensed in Arizona, Maryland, and Virginia.

License Verified:

License: 1935105

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 (52)
Facebook
5.0 / 5 (16)
Yelp
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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
606 Edmondson Avenue, Suite 300, Catonsville, MD 21228
  • Reverse Mortgages

Why choose this provider?

Sun West Mortgage Company, Inc., serves residents of Baltimore who need lending and refinancing options. The team offers fixed mortgages with 15- or 30-year terms, small business choices, and renovation products. It has VA-backed plans to cater to veterans of the military service establishment. Loan servicing is also available for existing debts. Sun West has been open since 1985 and has been featured in publications like the Scotsman Guide Magazine. The company operates across the entire country.

License Verified:

License: 1168563

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.
4.6
Facebook
4.5 / 5 (555)
Google
3.4 / 5 (8)

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
1425 Clarkview Rd., Baltimore, MD 21209
  • Reverse Mortgages

Why choose this provider?

Sharon Clatterbuck is a mortgage loan officer for HomeSale Mortgage, LLC. She caters to clients in the Baltimore metro seeking a refinancing program to lower their rates, shorten terms, or cash out home equity. The agent guides eligible borrowers in choosing the right type of mortgage program and rates according to their needs. Clatterbuck also works with clients who want to purchase their first homes or investment properties. Some of the lending programs offered include jumbo, FHA, USDA, and VA mortgages.

License Verified:

License: 102105

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 (58)
Facebook
5.0 / 5 (14)

Website
40 W Chesapeake Ave, Suite 400, Towson, MD 21204
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Malcolm Crane helps Baltimore residents with their mortgage refinancing needs. As a branch manager at Fairway Independent Mortgage Corporation since 2018, he is equipped with the tools and knowledge to guide clients through each step of the home refinance process. He educates clients about the various available loan options, including USA, FHA, VA, jumbo, and conforming loans. He also offers adjustable-rate and fixed-rate mortgages. Malcolm has more than 13 years of experience in the mortgage industry.

License Verified:

License: 357810

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 (42)

Website
40 W Chesapeake Ave., Suite 400, Towson, MD 21204
  • New Construction

Why choose this provider?

Shymeia Lee is a loan officer who offers her services and options to Fairway clients based within Baltimore. She uses her knowledge of mortgage-related factors and her background as a former Realtor to provide refinancing applicants with relevant information on current interest rates and changing trends in the local real estate market. She guides clients in evaluating their specific goals for refinancing, ranging from debt consolidation to home improvement funding. She also covers a variety of programs involving reverse, jumbo, renovation, and conventional loans.

License Verified:

License: 1967268

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 (67)
Facebook
5.0 / 5 (57)

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
200 Arrowhead Way, Queenstown, MD 21658
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Ability Mortgage Group delivers an array of products for the refinancing needs of clients in the Baltimore area. Its team of professionals helps mortgage borrowers in securing refinancing programs from major and national lenders at wholesale arrangements. The team guides clients in navigating complex details and offers recommendations so they can make educated choices. Additionally, they provide online resources such as closing cost calculators. Founder Peter Dellane has been providing mortgage assistance to the community for more than 20 years.

License Verified:

License: 192444

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 (113)
Yelp
5.0 / 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

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.
  • When is it advisable to consider mortgage refinancing in Baltimore?

    Exploring mortgage refinancing in Baltimore is recommended when prevailing mortgage rates are around 2% lower than your existing loan rate. However, even a narrower interest rate reduction of 1% or less can still be beneficial. This reduction can lead to meaningful monthly payment savings. Your financial circumstances, loan amount, and market rate fluctuations will influence potential savings. Consulting a reputable lender will aid in evaluating your refinancing prospects.

  • In Baltimore, what is the process of refinancing a mortgage?

    The process of refinancing a Baltimore mortgage is similar to that of a primary mortgage application, albeit with distinctions. Both existing or alternative lenders can facilitate refinancing. The application also requires that you pay for a credit report and house appraisal. Closing costs also need to be paid, which you can potentially deduct from the loan sum. Depending on home valuation, a refinance might offer cash access. Upon accepting new loan terms, you can settle your former mortgage and start payments on the new one.

  • What credit score is considered favorable for refinancing a home in Baltimore?

    To enhance the odds of securing a low-interest rate when refinancing a home in Baltimore, possessing a credit score of 800 and above is exceptional, and anything between 740-799 is advantageous. This credit score range facilitates improved refinancing opportunities, potentially resulting in more favorable terms and options.

  • Is it necessary to settle your second mortgage when refinancing the first mortgage in Baltimore?

    No, paying off your existing second mortgage is not obligatory while refinancing the first one in Baltimore. However, this might lengthen the loan processing time. Additionally, your second lien holder might charge a fee, and overnight fees could be incurred. To refinance the first mortgage, obtaining a subordination agreement from the second lien holder is required. This agreement permits the first mortgage's refinance.

  • How much does an appraisal cost for mortgage refinancing in Baltimore?

    Appraisal costs for Baltimore mortgage refinancing vary, typically between $350 and $500, depending on property price and location. Properties with added complexity, such as waterfront or multi-family units, might see higher costs reaching up to $2,000. As the borrower, you can cover origination costs at closing or include them in the loan. This eliminates the need to have upfront cash for the appraisal cost.

  • 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.