Expertise.com

2024

Last updated:

Best Mortgage Refinance Companies in Franklin

Our Recommended Top 8

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 Franklin 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.

45Reviewed

30Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

725 Cool Springs Blvd, Suite 600, Franklin, TN 37067
WebsiteLicense: 2191014

Expertise.com Rating

Review Sources

Yelp
5.0 (87)
Google
5.0 (12)
Facebook
5.0 (5)

Why choose this provider?

Thrive Lending is a mortgage brokerage collaborating with numerous lenders across the country to provide Franklin individuals with a loan program that suits their unique circumstances. It offers refinancing services to help its clients get lower rates, build more equity, and obtain a cashout for their personal goals and financial emergencies. Owners Sean Aspenlind and Brandon Bryditzki have a combined industry experience of more than 13 years. Thrive Lending is also licensed to accommodate customers in California, Idaho, Florida, Tennessee, South Carolina, and Ohio.

  • First Time Home Buyer Financing
  • Conv ,VA, FHA
  • Competitive Rates

3401 Mallory Ln #209, Franklin, TN 37067
WebsiteLicense: 2074840

Expertise.com Rating

Review Sources

Google
5.0 (36)

Why choose this provider?

Patriot Mortgage Group Inc is a family-owned brokerage that assists Franklin residents with their refinancing needs. It offers a wide variety of loan programs for homeowners looking to refinance their mortgages, including VA, FHA, non-QM, and conventional loans. The company also offers flexible loan terms ranging from 8 to 30 years, as well as custom terms for borrowers who want to retain their progress on their mortgages. Patriot Mortgage Group helps active first responders by paying for their appraisals.

  • Reverse Mortgages
  • Refinance
  • Purchases

341 Cool Springs Blvd, Franklin, TN 37067
WebsiteLicense: 1130741

Expertise.com Rating

Why choose this provider?

Bobby Matthews assists homeowners and first-time homebuyers in the Franklin metro in purchasing their homes and choosing the ideal loan option that suits their needs. His loan options include FHA, VA, USDA, conventional, jumbo, and new construction loans. The agent also guides clients in lowering their monthly payments; shortening the length of their loan; or cashing out on their home's equity through refinancing. Bobby Matthews is the FirstBank Forward Community Development manager and a mortgage banker.

  • New Construction
  • Reverse Mortgages

1143 Columbia Avenue Suite C21, Franklin, TN 37064
WebsiteLicense: 1243230

Expertise.com Rating

Review Sources

Facebook
4.4 (18)
Google
4.1 (9)

Why choose this provider?

Full Service Mortgage Group, LLC, is a locally owned and operated brokerage that serves the residents of Franklin. It provides mortgage refinancing services to help borrowers lower their interest rates and alter the terms of their current mortgage loans. The brokerage offers fixed-rate, adjustable-rate, jumbo, VA, FHA, and USDA loans. It partners with credit repair company My Credit Guy to remove inaccurate and negative information from borrowers' credit reports. The service provider has been in business since 2013.

  • Reverse Mortgages

1850 General George Patton Dr., Franklin, TN 37067
WebsiteLicense: 1849599

Expertise.com Rating

Review Sources

Google
5.0 (23)
Facebook
5.0 (14)

Why choose this provider?

Heathrow Mortgage serves the locals of Franklin. It offers mortgage refinancing options to a wide range of clients, such as experienced homeowners or first-time home buyers. Some of the programs it offers include FHA and VA loans, fixed-rate loans, low down payment options, jumbo financing loans, vacation and investment property programs, and USDA. Heathrow Mortgage was established in 2011 and is operated by its owner, Mark Jost, who has been in the industry since 2003.

  • New Construction

128 Holiday Court #121, Franklin, TN 37067
WebsiteLicense: 367757

Expertise.com Rating

Review Sources

Google
4.9 (50)
Facebook
4.9 (27)
Yelp
4.5 (6)

Why choose this provider?

Music City Mortgage is a family-owned and family-operated business serving residents in and around Franklin. It caters to families and individuals seeking refinancing solutions. The company helps borrowers process the needed documents for refinancing loans, such as W-2 forms, homeowner insurance binders, and mortgage payment coupons. It also provides an array of mortgage programs, including USDA, FHA, VA, conventional, investment, and jumbo loans. Music City Mortgage has been in the industry for over 25 years.

  • New Construction
  • Reverse Mortgages

3401 Mallory Lane, STE 205, Franklin, TN 37067
WebsiteLicense: 488023

Expertise.com Rating

Why choose this provider?

Keith Go Lending Team works with people across the Franklin metro, helping homeowners looking to refinance their loans to obtain reduced monthly payments or shortened program terms. It addresses their concerns regarding the property appraisal process. It also provides programs insured or guaranteed by the USDA, enabling clients to acquire properties in rural areas. The company's namesake, Keith Goeringer, has spent over 20 years in the industry. He previously worked under firms like Wells Fargo, Cendera Funding, and the Fairway Independent Mortgage Corporation.

  • New Construction
  • Reverse Mortgages

Franklin, TN
WebsiteLicense: 2295358

Expertise.com Rating

Why choose this provider?

OnPoint Mortgage, LLC, assists homeowners and homebuyers in Franklin and its neighboring communities. Its mortgage advisor, Steffen Cushing, helps clients refinance homes to obtain better interest rates, shorten loan terms, consolidate debt, or cash out from home equity. He also offers non-qualified mortgage loans, which cater to investors and self-employed individuals. Additionally, Cushing helps clients fund home builds through construction loans. He has more than a decade of experience overseeing and assisting with loan closings.

  • New Construction

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.
  • Why do some Franklin residents choose a fixed-rate mortgage over an adjustable-rate mortgage?

    Individuals in Franklin switch from an adjustable-rate mortgage to a fixed-rate mortgage to prevent an interest rate hike. In some instances, customers modify their loans because they initially took advantage of relatively low introductory interest rates but suddenly face hefty interest rates. They can cut monthly payments and establish regular payment schedules by refinancing their fixed-rate mortgage.

  • When should you not refinance your mortgage in Franklin?

    You should not consider refinancing your mortgage in Franklin if you plan to move out of your house for the next few years. Refinancing is also not a good idea if you have owned your mortgage for 10 to 20 years. In addition, you should avoid pursuing your refinance application if lenders levy prepayment penalties if you pay off a loan early.

  • Can you apply for refinancing in Franklin even if you already have an FHA loan?

    Yes. You can still apply for refinancing in Franklin even if you have an existing FHA loan. You may opt for FHA streamline refinance or a conventional home mortgage loan. Since you already have an FHA loan, the process for FHA streamline refinance will be shorter. Lenders will use your existing appraisal and credit data. A conventional home mortgage loan, on the other hand, may be beneficial if your credit score has improved.

  • How much does it cost to refinance a mortgage in Franklin?

    The cost of refinancing a mortgage in Franklin depends on various factors. Usually, lenders require a new home appraisal, which costs between $400 and $750 for an average-sized home. When refinancing a home, borrowers may also pay for the application, attorney, closing, credit reporting, and mortgage and homeowners' insurance fees.

  • How many credit scores should a borrower have to qualify for a USDA loan in Franklin?

    Applying for a USDA loan in Franklin has no minimum credit score requirement. Nevertheless, financial institutions necessitate that borrowers possess a minimum FICO credit score of 620. Individuals with lower credit scores may still apply for a USDA loan. Depending on borrowers' financial situations, a USDA loan is still possible through manual underwriting.

  • 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.