Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in O'Fallon, MO

Our Recommended Top 11

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 O'Fallon 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.

57Reviewed

38Curated

11Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

5377 Hwy N, Suite #218, Cottleville, MO 63304
WebsiteLicense: 1864279

Expertise.com Rating

Review Sources

Google
5.0 (107)
Facebook
5.0 (29)

Why choose this provider?

Magnolia Mortgage is a family-owned and woman-led company that provides services to O'Fallon. It guides borrowers through the home purchase loan process, assisting them in completing pre-approval letter requests and comparing mortgage interest rates and terms. It also helps clients choose a loan option based on their situation. The company has adjustable-rate and fixed-rate mortgages. It also provides FHA, USDA, VA, jumbo, and super jumbo loan programs. Additionally, Magnolia Mortgage helps clients refinance their existing home loans to reduce interest rates.

  • New Construction

3910 Old Hwy 94 S, Suite 114, St. Charles, MO 63304
WebsiteLicense: 1721882

Expertise.com Rating

Review Sources

Google
5.0 (17)

Why choose this provider?

Dylan J. Estes provides custom-tailored loan solutions to O’Fallon homebuyers. The mortgage advisor helps borrowers seeking to change the terms, lower interest rates and monthly payments, or cash out from their home's equity by refinancing existing loans. He offers various programs that match clients’ financial situations, including conforming, FHA, jumbo, RD, USDA, and VA. He handles other mortgage-related loans, such as commercial, DSCR, and reverse mortgages. Estes works as a branch manager for brokerage firm NEXA Mortgage, which operates in 48 states across the country.

  • Reverse Mortgages
  • New Construction

700 Spirit of St. Louis Blvd., Unit E, Chesterfield, MO 63005
WebsiteLicense: 1279909

Expertise.com Rating

Review Sources

Google
4.6 (18)

Why choose this provider?

ELending Group LLC serves the O'Fallon metro. The mortgage company works with its partner lenders to help prospective home buyers find the best loan option for their financial situation. Its loan consultants guide clients throughout the process, from understanding each lending solution to navigating the pre-approval process. They also inform buyers about the costs they must bear, such as the down payment, closing costs, and housing costs. Existing homeowners can also turn to ELending Group for refinancing options that help them save money.

  • New Construction

1000 Lake Saint Louis Blvd Suite 208, Lake Saint Louis, MO 63367
WebsiteLicense: 408591

Expertise.com Rating

Review Sources

Facebook
5.0 (4)
Google
5.0 (3)

Why choose this provider?

1st American Mortgage has been serving homebuyers and real estate investors in O'Fallon and the surrounding areas since 1999. Its refinancing options, such as 15-year, VA, and FHA mortgages, help individuals consolidate their debts, reduce their monthly payments, and shorten the term of their loans. It also assists individuals with their home purchasing goals by guiding them through each step of the loan process, taking history, finances, and specific needs into account. The company also provides loan programs for vacation homes.

  • New Construction

691 Trade Center Blvd, Chesterfield, MO 63005
WebsiteLicense: 193390

Expertise.com Rating

Review Sources

Google
4.7 (67)

Why choose this provider?

LenderCity offers a variety of mortgage and refinancing services to residents of O'Fallon. It converts current obligations into more manageable and consolidated forms. The crew has purchase programs such as fixed-rate mortgages and investment property loans. It also maintains online tools and resources to inform first-time buyers and vacation asset purchasers regarding issues such as the financial aspects of renting versus buying, as well as the documentary requirements for the lending process. LenderCity works with more than 50 lenders.

  • New Construction

691 Trade Center Blvd, Chesterfield, MO 63005
WebsiteLicense: 192609

Expertise.com Rating

Review Sources

Google
5.0 (17)
Facebook
5.0 (7)

Why choose this provider?

Shelter Mortgage assists O'Fallon residents in obtaining home purchase loans or refinancing. It processes mortgage applications through an online approval process within 30 days. Michael Miget founded the firm in 1996. He helps borrowers make informed and confident decisions to reduce the cost of purchasing, financing, and owning property, such as by giving tips on how to minimize down payments and stay clear of private management insurance. Shelter Mortgage is an equal housing lender and a member of the Association of Independent Mortgage Experts.

  • New Construction

3 Autumn Valley Ct., O'Fallon, MO 63366
WebsiteLicense: 1230562

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

First Capital Mortgage Services Inc is a family-owned company that provides refinancing to borrowers in O'Fallon. It offers jumbo, conventional, FHA, VA, and USDA refinancing and uses an interactive online calculator to help borrowers choose the best option. Purchase loans from the five programs are also available. Additionally, it has interest-only, graduated payments, and fixed- and adjustable-rate loans. First Capital Mortgage has been based in St. Charles County since 1998, and the majority of its business comes from repeat clients and referrals.

  • Reverse Mortgages

58 Crossroads Plaza, O'Fallon, MO 63368
WebsiteLicense: 1882746

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

American Nationwide Funding, LLC, is a full-service mortgage company serving clients in O’Fallon and the surrounding areas. Its representatives are knowledgeable with conventional, jumbo, USDA, and FHA loans. The business has certifications to assist veterans throughout the refinancing and homebuying process. Mary Flynn, the owner and manager of ANF Mortgage, has over 21 years of experience in the industry. She is also an instructor for FHA 203K Renovation Loans continuing education classes at the St. Louis Association of Realtors.

  • New Construction

2 West Main St., Ste B, Wentzville, MO 63385
WebsiteLicense: 1567672

Expertise.com Rating

Review Sources

Facebook
5.0 (15)

Why choose this provider?

Leesmann Mortgage Team has been providing home financing solutions to individuals and families in O'Fallon since 2001. Its team of loan professionals draws over 30 years of collective experience in handling loan applications for clients looking to refinance and purchase properties. They guide borrowers through the entire process, from pre-approval to closing. Leesmann Mortgage Team is affiliated with Homes for Heroes, a program committed to making special accommodations for firefighters, law enforcers, teachers, and healthcare workers.

  • New Construction
  • Reverse Mortgages

801 Upland Loop, O'Fallon, MO 63368
WebsiteLicense: 461249

Expertise.com Rating

Review Sources

Facebook
4.0 (5)

Why choose this provider?

Victory Mortgage offers refinancing to borrowers in O'Fallon. It offers FRMs that may be refinanced if rates go down and jumbo loans that may be structured as a second mortgage for cash. The company aids borrowers in determining the option to go for with a comprehensive toolkit that breaks down the details of loans. Additionally, it offers FHA, USDA, VA, Bridge, and adjustable-rate mortgages. Victory Mortgage, which combines technology and software to streamline its process, has closed over $7 billion in loans since 1991.

  • Reverse Mortgages

12321 Olive Blvd, ste 150, St. Louis, MO 63141
WebsiteLicense: 297044

Expertise.com Rating

Review Sources

Google
5.0 (48)

Why choose this provider?

Bob Rutledge Mortgage serves O'Fallon residents looking for loan and refinancing services. The team substitutes more manageable alternatives for current obligations and has specialty programs tailored to the needs of educators and nurses. It also provides FHA mortgages for those with bad credit and reverse loans for senior citizens. There are web-based tools and resources available to educate consumers on the intricacies of home purchase plans. Bob Rutledge has worked in the lending industry since 1995.

  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Magnolia Mortgage
5377 Hwy N, Suite #218, Cottleville, MO 63304
Dylan J. Estes
3910 Old Hwy 94 S, Suite 114, St. Charles, MO 63304
ELending Group LLC
700 Spirit of St. Louis Blvd., Unit E, Chesterfield, MO 63005
1st American Mortgage
1000 Lake Saint Louis Blvd Suite 208, Lake Saint Louis, MO 63367
LenderCity
691 Trade Center Blvd, Chesterfield, MO 63005
Shelter Mortgage
691 Trade Center Blvd, Chesterfield, MO 63005
First Capital Mortgage Services Inc
3 Autumn Valley Ct., O'Fallon, MO 63366
ANF Mortgage
58 Crossroads Plaza, O'Fallon, MO 63368
Leesmann Mortgage Team
2 West Main St., Ste B, Wentzville, MO 63385
Victory Mortgage
801 Upland Loop, O'Fallon, MO 63368
Bob Rutledge Mortgage
12321 Olive Blvd, ste 150, St. Louis, MO 63141

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.
  • What should O'Fallon homeowners do to prepare their homes for a successful mortgage refinancing appraisal?

    O'Fallon homeowners aiming for successful refinancing appraisals should prioritize first impressions. They should tidy their yards, ensuring lawns are mowed and children's toys are stowed. A welcoming entrance can be achieved with a spruced-up porch, a newly painted door, and decorative plants. Also, indoor odors should be absent, with a focus on decluttering rooms and letting in fresh air. Appraisers value cleanliness and organization.

  • Can refinancing help O'Fallon homeowners decrease their monthly mortgage payments?

    Indeed, by opting for refinancing, homeowners in O'Fallon can experience decreased monthly financial burdens. This step can offer a breather from elevated monthly costs. As time passes from the origination of the initial mortgage, elements like rising credit standings, fluctuating market rates, and shifting property valuations can be influential. Engaging in a conversation with an accredited loan specialist can highlight the advantages tied to a refinance decision.

  • What should O'Fallon residents know about the standard costs of refinancing?

    O'Fallon residents should be aware of the usual refinancing costs like fees for evaluating the home's worth, assessing credit histories, verifying property titles, handling escrow, and registering paperwork. If homeowners opt for points to decrease their interest, every point is priced at 1% of their updated loan's value. They might also see additional costs for local property levies, interest adjustments, and home protection plans. They can roll these expenses into the new loan if their home value is robust.

  • How can individuals in O'Fallon determine if their mortgage interest rate is optimal and if refinancing is beneficial?

    In O'Fallon, individuals can gauge the competitiveness of their mortgage rate by initially confirming its current value. It's recommended to then engage with a loan expert. This professional will analyze essential elements, including one's credit history, the nature of the loan, the equity they hold in their property, and the balance between their debt and income. Such assessments can unveil if refinancing might present fiscal benefits. Regularly scrutinizing rates and available alternatives is a wise strategy.

  • How can O'Fallon homeowners expedite home ownership and reduce debt through mortgage refinancing?

    O'Fallon homeowners have the option to transition from a 30-year mortgage to a 15-year term through refinancing, and this strategic move facilitates quicker home ownership and accelerates the path to becoming debt-free. Eliminating mortgage payments sooner allows residents to reallocate funds to other financial aspirations, potentially including an accelerated retirement timeline. It's a prudent approach toward achieving financial stability and clear property ownership.

  • 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.