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2024

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Best Mortgage Refinance Companies in Paterson, NJ

Our Recommended Top 14

We did the research for you!

  • Licensing
  • User Reviews
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Our goal is to connect people with the best local professionals. We scored Paterson 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.

91Reviewed

60Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

165 Belmont Ave., Belleville, NJ 07109
WebsiteLicense: 1143804

Expertise.com Rating

Review Sources

Facebook
5.0 (14)

Why choose this provider?

New Jersey Mortgage Broker serves the residents of Paterson. It helps loaners pay off existing mortgages by offering refinancing solutions. Its financial experts provide clients with options that fit their circumstances while also comparing terms and interest rates offered by other entities. These options include fixed-rate and adjustable-rate mortgages, as well as VA, FHA, and USDA loans. The company is operated by Dennis Viera, a mortgage broker with a solid network of over 20 Realtors and lenders.

  • Reverse Mortgages

219 Paterson Avenue, Little Falls, NJ 07424
WebsiteLicense: 60863

Expertise.com Rating

Review Sources

Google
4.9 (285)

Why choose this provider?

Christopher Gallo is a senior loan officer under the NJ Lenders Corp. umbrella who provides residents of Paterson with a selection of loan and refinancing products. He has worked with more than 10,000 families by rearranging their existing obligations into less onerous ones and by delivering purchase financing solutions for new obligors. He advises house purchasers on the documentary and bureaucratic requirements needed in real estate transactions. NJ Lenders Corp. itself was licensed in the state in 1991.

  • Reverse Mortgages

399 Conklin Street, Suite 206, Farmingdale, NY 11735
WebsiteLicense: 1504538

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Review Sources

Google
4.8 (859)
Yelp
3.5 (9)

Why choose this provider?

United Faith Mortgage serves individuals and families in Paterson and nearby communities. It offers mortgage refinancing services to help clients get lower mortgage rates, reduce loan interests, cash out equity, reduce payment terms, and consolidate multiple mortgages. Its team also helps convert adjustable rate mortgages to fixed-rate. Additionally, it has options for parents to refinance mortgages to assist with their children's college payments. United Faith Mortgage is headed by John, who has over 25 years of experience in the industry.

  • Multi-Family Loans

26-01 Pellack Drive, Fair Lawn, NJ 07410
WebsiteLicense: 36141

Expertise.com Rating

Review Sources

Google
4.9 (18)

Why choose this provider?

Citizens Mortgage Corporation is a family-owned and family-operated company that has been serving customers in Paterson since 1987. It offers loan options for individuals looking to refinance their single-family and multifamily residences, manufactured homes, condominiums, or townhouses. These options include adjustable-rate and fixed-rate mortgages as well as USDA, FHA, and VA loans. Its experts have access to several lenders to provide borrowers with a mortgage product tailored to meet their unique needs. The company serves as a Mortgage Bankers Association of America member.

  • Multi-Family Loans

2365 State Highway 33, Paterson, NJ 08691
WebsiteLicense: 1271135

Expertise.com Rating

Review Sources

Facebook
4.8 (183)
Yelp
4.4 (18)

Why choose this provider?

Contour Mortgage New Jersey helps borrowers in Paterson and the surrounding areas take control of their home loans through refinancing. It offers various types of mortgage refinancing loans, including rate-and-term, fixed-rate, and adjustable-rate, as well as cash-out and HARP. The mortgage lender employs more than 450 processors and underwriters who assist clients across the country with their refinancing requirements, such as credit score, debt-to-income ratio, and existing home equity. Contour Mortgage has been in operation since 1993.

  • New Construction
  • Reverse Mortgages

95 South Middletown Road, Suite B, Nanuet, NY 10954

Expertise.com Rating

Review Sources

Google
4.4 (45)
Facebook
4.7 (19)

Why choose this provider?

Hudson United Mortgage delivers refinancing services to homebuyers in Paterson. It recommends loan options from its selection of banking and lender partners. To help ease emotional stress, it promptly relays updates and facilitates constant communication with clients. One of its loan officers, Renee, used to own a mortgage brokerage that specializes in residential and commercial loans. As a means to give back, the company offers special programs for military personnel in collaboration with Howard Hanna | Rand Realty.

  • New Construction
  • Reverse Mortgages

674 Lafayette Ave, Hawthorne, NJ 07506
WebsiteLicense: 206605

Expertise.com Rating

Review Sources

Google
5.0 (76)

Why choose this provider?

Silex Financial Group Inc. is a mortgage brokerage in Paterson that provides residential and commercial loan options for homebuyers, homeowners, and property investors. The company is headed by Joseph "Joe" Racamato, a 30-year veteran in retail mortgage banking. Joe's team assists clients with refinancing, which helps decrease loan terms, lower current rates, change the type of loan, and cash out equity. Joe also has a vlog discussing the mortgage process and how to secure home loans quickly.

  • New Construction

959 Route 46 East, Suite 401, Parsippany, NJ 07054
WebsiteLicense: 138075

Expertise.com Rating

Review Sources

Google
4.9 (368)
Facebook
4.8 (36)

Why choose this provider?

Kwik Mortgage is a residential mortgage lender assisting clients in Paterson. The business has been providing refinancing loan services to its clients since its establishment in 1998. Its staff aims to provide an end-to-end digital experience that includes an online application, enhanced integration with e-banking, e-signed documents, and mobile-friendly portals. The company was named one of Inc. Magazine’s 2021 Top 5000 Fastest-Growing Private Companies in America. Kwik Mortgage started with 20 staff members and has now grown to over 200 employees.

  • New Construction
  • Reverse Mortgages

160 Pehle Avenue, Suite 301, Saddle Brook, NJ 07663
WebsiteLicense: 1707560

Expertise.com Rating

Review Sources

Google
4.7 (38)
Facebook
4.7 (20)

Why choose this provider?

Garden State Mortgage serves the diverse needs of clients in Paterson who want to refinance loans. It helps homeowners who want to lower their monthly payments, get shorter terms, consolidate their debts, or get cash from equity through refinancing loans. The company has 19 loan advisors who strive to give clients quick and accurate advice, enabling them to make the best choice that will fit their financial needs. The company also offers fixed-rate, adjustable rates, FHA, VA, jumbo, 203K, USDA, and HARP loans.

  • New Construction

360 Route 24, Chester, NJ 07930
WebsiteLicense: 2756

Expertise.com Rating

Review Sources

Google
4.9 (348)
Facebook
4.8 (67)

Why choose this provider?

American Federal Mortgage delivers personalized loan programs to clients who are considering refinancing their current homes or buying new residences. The firm caters to customers in the Paterson metro area. Its team of professionals provides adjustable-rate, as well as 30-year and 15-year fixed-rate mortgages. The company also handles loan options such as jumbo, FHA, and VA. In addition, it offers a corporate incentive program. American Federal Mortgage has more than three decades of lending experience.

  • New Construction

333 Sylvan Ave #310, Englewood Cliffs, NJ 07632
WebsiteLicense: 197519

Expertise.com Rating

Review Sources

Google
5.0 (65)

Why choose this provider?

Time Mortgage caters to buyers and investors in Paterson and its nearby areas. Its loan officers help families and individuals refinance their loans, enabling them to achieve their dream residential properties. They assist clients in processing pre-approval letters and creating strategies to reduce their mortgage rates and monthly payments. They also provide different mortgage programs, including fixed-rate, adjustable-rate, interest-only, and foreign student loans. The company's founder has been in the industry for more than two decades.

  • New Construction

1 International Blvd. Suite 1202, Mahwah, NJ 07495
WebsiteLicense: 1408

Expertise.com Rating

Why choose this provider?

Scott David Mantel is a senior loan officer who operates under Nationwide Equities Corporation, a mortgage banking firm. He joined the company in 2005, serving Paterson investors looking to refinance and leverage existing properties for new acquisitions. Mantel offers a wide selection of loan programs, including streamlined refinances and reverse mortgages as well as conventional, VA, USDA, and jumbo loans, tailoring each program to fit the borrower's needs and requirements. He is a member of the National Reverse Mortgage Lenders Association.

  • Reverse Mortgages

535 Union Blvd, Totowa, NJ 07512
WebsiteLicense: 1567666

Expertise.com Rating

Review Sources

Google
5.0 (44)
Facebook
5.0 (2)

Why choose this provider?

North Capital Funding helps thousands of families realize their dream of home ownership through mortgage refinancing services in the Paterson metro. Its cash-out refinance options enable clients to reduce monthly mortgage payments and consolidate high-interest debt. It has various loan options, such as VA, FHA, USDA, and jumbo loans. Bernadette Lindsay, the founder of the firm, has been in the industry for over 30 years. She is part of the advisory board of the Paterson Salvation Army.

  • Reverse Mortgages

245 Old Hook Rd Suite 2B, Westwood, NJ 07675
WebsiteLicense: 20449

Expertise.com Rating

Why choose this provider?

Oxford Financial Services Inc. serves residents of Paterson who require a variety of refinancing and mortgage choices. Existing debts are rearranged to shorten the length of existing debts. The products include fixed and adjustable-rate options and jumbo home loans. Special programs are available for property investors, military veterans, and agricultural asset buyers. Mortgage broker Mokhless Guirguis also operates in New York and his company maintains online tools to dispense preliminary information before formally meeting an agent.

  • New Construction

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
New Jersey Mortgage Broker
165 Belmont Ave., Belleville, NJ 07109
Christopher Gallo
219 Paterson Avenue, Little Falls, NJ 07424
United Faith Mortgage
399 Conklin Street, Suite 206, Farmingdale, NY 11735
Citizens Mortgage Corporation
26-01 Pellack Drive, Fair Lawn, NJ 07410
Contour Mortgage New Jersey
2365 State Highway 33, Paterson, NJ 08691
Hudson United Mortgage
95 South Middletown Road, Suite B, Nanuet, NY 10954
Silex Financial Group Inc.
674 Lafayette Ave, Hawthorne, NJ 07506
Kwik Mortgage
959 Route 46 East, Suite 401, Parsippany, NJ 07054
Garden State Mortgage
160 Pehle Avenue, Suite 301, Saddle Brook, NJ 07663
American Federal Mortgage
360 Route 24, Chester, NJ 07930
Time Mortgage
333 Sylvan Ave #310, Englewood Cliffs, NJ 07632
Scott David Mantel
1 International Blvd. Suite 1202, Mahwah, NJ 07495
North Capital Funding
535 Union Blvd, Totowa, NJ 07512
Oxford Financial Services Inc.
245 Old Hook Rd Suite 2B, Westwood, NJ 07675

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.
  • Should down payment assistance borrowers in Paterson refinance their homes?

    Those in Paterson who bought their homes through the New Jersey Housing and Mortgage Finance Agency’s down payment assistance program are advised not to refinance until after five years. This is because the loan is fully forgiven if one stays in the home for that time period without refinancing, selling the home, or paying the loan early.

  • Who is eligible for a Paterson FHA streamline refinance?

    To be eligible for an FHA streamline refinance in Paterson, homeowners must have an existing FHA loan and not have any late mortgage payments over the past three months. While the minimum credit score requirement is only 500, those with higher credit scores will be able to get better rates.

  • Can borrowers cash out with a Paterson FHA streamline refinance?

    Borrowers in Paterson are not permitted to cash out equity with an FHA streamline refinance. However, they may be allowed to borrow their current principal balance, one month’s worth of prepaid interest, and the new net upfront mortgage insurance fee (minus any insurance refund from their current loan). They may also be able to save up to $500 in closing costs.

  • How can Paterson homeowners leverage their home equity?

    Homeowners in Paterson can leverage their equity by taking out a cash-out refinance and using it for tax-deductible home improvement projects. They may also choose to buy a vacation home or an investment property. A cash-out refinance can also be used to consolidate high-interest, non-tax-deductible debt such as credit cards, student loans, and medical bills.

  • What documents are needed in a Paterson refinance?

    Those in Paterson looking to refinance their mortgages will need to submit their IRS Form 4506-T, pay stubs covering the last 30 days, W-2s for the past two years, and federal tax returns (1040s) for the past two years. Those who have an employment gap within the last two years may also need to provide a written explanation.

  • 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.