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Best Mortgage Refinance Companies in Troy

2024

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Website
3250 West Big Beaver Road, Suite 342, Troy, MI 48084
  • Reverse Mortgages

Why choose this provider?

MortgageUSA caters to residents of Troy who need loans and refinancing services. The team examines a debtor's current obligations and seeks out less burdensome alternatives. It has products for buyers of new homes and monitoring solutions that track every client's portfolio of mortgages and due dates. The crew keeps open lines of communication with clients and strives to respond to calls, emails, and texts within 25 hours of receipt. The company also caters to investors in the commercial sector.

License Verified:

License: 2225878

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 (61)

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
2207 Crooks Rd., Troy, MI 48084
  • Reverse Mortgages

Why choose this provider?

House of Lending is a mortgage brokerage firm serving Troy. The firm offers refinancing loans for single-family homes, multi-family units, condominiums, and townhouses. Some of its refinancing programs include conventional, VA, FHA, and Jumbo loans. The team also offers refinancing options that allow them to lower monthly payments, change loan terms, or obtain cash from their home's equity. The team—led by founders Alex Beidoun and Anthony Alrihani—relies on its decades of diverse mortgage experience for a faster and more efficient loan closing process.

License Verified:

License: 2279971

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 (59)
Facebook
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

Website
3310 W Big Beaver, Ste #120, Troy, MI 48084
  • Reverse Mortgages
  • New Construction

Why choose this provider?

Empire Mortgage Company LLC assists homebuyers and homeowners in Troy and the surrounding areas. Its team advises clients looking to refinance existing loans. Whether they need to cash out of home equity or lower monthly payments or interest rates, the mortgage professionals educate them about the different financing options that suit their needs and situations. These include conforming, jumbo, and super jumbo loans. Empire Mortgage Company also caters to individuals who need to finance home construction projects.

License Verified:

License: 1283873

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 (49)
Facebook
5.0 / 5 (23)

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
3250 W Big Beaver Rd #303, Troy, MI 48084
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Capital Property Lending is a mortgage brokerage agency that serves customers in the Troy community. It provides refinancing options for homeowners who want to take cash out from equity, get lower monthly payment costs, and reduce terms for their primary residence, investment property, or secondary home. The company offers multiple loan programs, including VA, FHA, and jumbo, with fixed and adjustable rates. Capital Property Lending provides a personalized experience and works with clients from start to finish of the mortgage process.

License Verified:

License: 2187346

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 (79)

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
2170 E. Big Beaver Road, Suite A, Troy, MI 48083
  • New Construction

Why choose this provider?

The Towne Mortgage Company has been offering its services and solutions throughout Troy for over 40 years. Its selection of refinancing programs includes FHA and USDA options that help lower monthly payments, stabilize current interest rates, and provide cash-outs for debt consolidation. Its team also guides clients who seek to refinance their mortgages to fund tuition fees and domestic undertakings like home improvements. The agency also contributes to philanthropic efforts for local foundations and organizations like Hands of Hope and Forgotten Harvest.

License Verified:

License: 3028

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.
4.1
Google
4.4 / 5 (348)
Yelp
1.0 / 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
2107 Crooks Rd. Suite 101, Troy, MI 48084
  • Reverse Mortgages

Why choose this provider?

Homelend USA provides a variety of mortgage loan programs to people in Troy, offering financing solutions to those looking to purchase, remodel, and build their homes. It recommends various options, including fixed- or adjustable-rate, jumbo, 203k, conforming, and reverse loans, to local borrowers based on their current financial situations. Its team of mortgage professionals also helps customers who seek to reduce their monthly terms and payments through refinancing. Founder Mark Bigelow has been in the industry for more than 30 years.

License Verified:

License: 1747787

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 (38)
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
755 W Big Beaver Rd Suite 230, Troy, MI 48084
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Imperium Lending works with clients throughout Troy. The company deals with individuals looking to refinance their mortgages for the first or the seventh time and has experience working with owners of single-family homes, condominiums, and townhomes. The company also offers fixed-rate and adjustable-rate mortgages that allow clients to attain their goal of homeownership. Its website includes tools that help individuals understand the differences between renting and buying. Co-founder Dan Brown previously spent over nine years under Rocket Mortgage.

License Verified:

License: 2237880

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 (136)

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
1650 Research Drive, Suite 200, Troy, MI 48083
  • Commercial Loans

Why choose this provider?

Hall Financial caters to clients across the Troy community and the surrounding areas. It guides homeowners wishing to refinance their existing mortgage loans to lower their monthly payments and change their loan terms. It also provides various home-purchasing loan options with fixed and adjustable rates to help individuals and families obtain homes without exceeding their budgets. One of its loan options includes HELOC, which allows clients to borrow money for debt consolidation or home improvements using their equity.

License Verified:

License: 1467435

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 (2228)
Facebook
4.9 / 5 (260)
Yelp
4.0 / 5 (19)

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
Troy, MI 48084
  • New Construction

Why choose this provider?

MortgagePros helps the people of Troy achieve their refinancing goals. It seeks to simplify the mortgage refinancing process by working personally with each borrower. It provides various refinancing options like VA, FHA, and conventional loans. The firm also helps clients get approved for home loans to afford their dream homes and real estate investments. Nathan Shamo, one of MortgagePros' senior loan officers, works to ensure that each loan application is submitted and cleared on time.

License Verified:

License: 1925352

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
4.6 / 5 (53)
Yelp
1.0 / 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
4107 John R Rd., Suite 100, Troy, MI 48085
  • Commercial Loans

Why choose this provider?

National Mortgage Home Loans is a Troy-based company that deals with clients throughout the local metro. It addresses homeowners' concerns regarding matters related to the refinancing process, like interest rates. The company has experience changing the terms of different loan programs, including fixed-rate and adjustable-rate mortgages. It also provides the FHA 203K loan, a program that allows borrowers to finance home purchases and necessary renovation work. It runs a social media page to educate clients on the factors involved in the mortgage pre-approval process.

License Verified:

License: 1433997

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 (324)
Facebook
4.9 / 5 (91)

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
901 Wilshire Dr #495, Troy, MI 48084
  • New Construction
  • Reverse Mortgages

Why choose this provider?

First Team Lending deals with clients throughout the Troy area. The company guides homeowners through the process of refinancing their mortgages. It has experience working with clients seeking to consolidate their student and credit card debt. It also offers mortgage programs for aspiring homeowners, including loans from government agencies like the VA and FHA. For self-employed individuals seeking to acquire properties, the company provides bank statement loan programs. Its co-owner, Nico Gianakopoulos, has managed more than $50 million in transactions across his career.

License Verified:

License: 2085536

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
5.0 / 5 (43)

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
888 W Big Beaver Rd Ste 1290, Troy, MI 48084
  • New Construction

Why choose this provider?

eMortgage Funding is a mortgage broker that offers mortgage refinancing services for homeowners and residents of the Troy metro and the surrounding communities. It offers refinancing solutions for borrowers who want to pay off their mortgages faster, reduce their monthly mortgage payments, or consolidate their payments for high-interest debts into a single low monthly payment. Besides Michigan, eMortgage Funding is also licensed to operate in several states across the US, including California, Texas, Florida, Illinois, and Colorado.

License Verified:

License: 1059364

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.
4.3
Google
4.3 / 5 (261)
Yelp
1.5 / 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
3250 W Big Beaver Rd Suite 100,, Troy, MI 48084
  • Reverse Mortgages

Why choose this provider?

Since 2021, Lend-A-Loan has been serving clients throughout Troy. The company sets up the VA interest rate reduction refinance loan program, a way for borrowers to modify their mortgage terms. It also assists homeowners aiming to liquidate a portion of their equity through a cash-out refinance program. The company offers other solutions for aspiring homeowners, like jumbo mortgages. Travis Jamil, its CEO and president, previously held loan officer roles for a range of firms, from Rapid Mortgage Funding to Bank of England Michigan.

License Verified:

License: 2101891

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 (158)

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
755 W Big Beaver Rd., Troy, MI 48084
  • New Construction

Why choose this provider?

Perry Johnson Mortgage Company, Inc., serves clients in Troy. It helps people refinance their mortgage to reduce their interest rates and monthly payment or change the length or term of their existing loans. Its team guides clients through a refinance analysis to see which loan program is suitable for their unique criteria and scenario. It also assists clients who need financing options to buy a home. The company's loan programs include fixed- and adjustable-rate mortgages, as well as VA, FHA, USDA, and conforming loans.

License Verified:

License: 2051202

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.
4.2
Google
4.2 / 5 (43)

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.
  • Is there a minimum credit score requirement for borrowers seeking a refinance mortgage in Troy?

    The credit score prerequisites for obtaining a refinance mortgage in Troy can vary based on the type of loan:

    • Conventional mortgages: Minimum credit score for this loan program is 620.
    • FHA loans: This type of loan requires a credit score as low as 580.
    • VA loans: No minimum credit score at program level. The VA instead relies on lenders to make sure that borrowers pose a manageable credit risk.
  • Is there a refinance program in Troy intended for people living in rural areas?

    Those residing in a rural locale may consider applying for a refinance loan in Troy via the streamlined assist program offered by the U.S. Department of Agriculture. This mortgage program does not impose any limitations on the debt-to-income ratio and eliminates the need for a credit check and home appraisal.

  • Should borrowers in Troy cover all associated fees when finalizing a VA refinance mortgage?

    Borrowers in Troy usually need to address only the appraisal and pest inspection expenses as upfront costs when closing a VA cash-out refinance loan. The remaining closing expenses, encompassing standard underwriting, processing, escrow, and title fees, are frequently eligible for inclusion within the new home loan. Moreover, the opportunity exists to bundle prepaid interest, prepaid taxes, and insurance, as well as the establishment of a new impound account into the loan, simplifying financial obligations in the course of the refinancing procedure.

  • Can residents of Troy apply for a VA cash-out refinance even if they are not existing VA loan borrowers?

    Individuals in Troy may submit applications for VA cash-out refinancing, even if they are not presently holders of VA loans. Through this financial arrangement, individuals can convert a different loan type into a VA loan. However, this transition entails covering the associated VA loan closing costs. It's worth noting that VA cash-out refinancing options are accessible to those with non-VA loan types as long as they align with the stipulated refinance criteria.

  • Can borrowers in Troy with late payments still be approved for a refinance loan?

    In the case of being behind on a mortgage, eligibility for a refinance in Troy diminishes as the loan becomes more overdue. If this situation applies, the primary course of action should involve contacting the lender to initiate a conversation about the repayment issue. Individuals with a history of occasional late payments but who have since rectified their mortgage payment schedule may look for a loan program featuring adaptable criteria, such as low-credit home loans or high loan-to-value loan programs.

  • 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.