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2024

Last updated:

Best Mortgage Refinance Companies in Memphis

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 Memphis 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.

357Reviewed

217Curated

8Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
2220 Highway 51 South, Hernando, MS 38632

Why choose this provider?

Jennifer Hill, branch manager at Fairway Independent Mortgage Corporation, offers mortgage refinancing services to clients in Memphis and the surrounding areas. She helps individuals and families compare loan terms and mortgage interest rates and provides options based on their unique criteria and situations. She also handles fixed- and adjustable-rate mortgages and conforming and government-backed loans. Hill started as a mortgage loan officer in 2005 and has been with the company for more than 15 years.

License Verified:

License: 1784662

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 (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
6263 Poplar Ave, Suite 430, Memphis, TN 38119
  • Multi-Family Loans

Why choose this provider?

The Tim Smith Team is a lender under CrossCountry Mortgage that caters to the needs of clients in Memphis and its surrounding communities. It offers a broad selection of refinance programs, including conventional and VA interest rate reduction refinance loans. The firm provides options such as FHA 203(k), FHA streamline, and USDA rural streamline refinance. In addition, its team of professionals handles cash-out refinancing. The Tim Smith Team has more than 20 years’ worth of industry experience.

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
4.7 / 5 (14)
Facebook
5.0 / 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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
6080 Getwell Rd., Suite 204, Southaven, MS 38672

Why choose this provider?

Desoto Home Mortgage is a locally owned and operated mortgage company that handles the needs of first-time and seasoned home buyers in Memphis and the surrounding areas. The broker specializes in helping clients refinance their home mortgages, which helps them lower their payments, reduce interest rates, build equity faster, and consolidate debts. It also provides clients with conventional, FHA, VA, and USDA loan programs. Brad Walker is the president of Desoto Home Mortgage. He has been operating the company since 2002.

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 (174)
Facebook
5.0 / 5 (59)

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
5100 Poplar Avenue Suite 2711, Memphis, TN 38137

Why choose this provider?

Heights Finance - Memphis is a financial service that offers mortgage refinancing. It serves the metro and the nearby communities. Its program helps clients consolidate debt or pay off other loans. Clients can apply online or in any of the company's branches. It also offers credit insurance to help clients pay for their loans during unexpected situations, such as illness or injury. The company employs more than 1,300 professionals and has over 400 branches nationwide.

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.
4.7
Google
4.7 / 5 (30)

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
684 West Brookhaven Circle, Memphis, TN 38117
  • Reverse Mortgages
  • New Construction
  • Multi-Family Loans

Why choose this provider?

Crump Mortgage is a privately held local lender specializing in home mortgage refinance in Memphis and the surrounding cities. As all loan decisions are underwritten and made by the lender's in-house teams, same-day approvals are possible. There are no restrictions on the type of loans it can offer. These include conventional loans for homeowners with good credit, FHA loans for lower-income customers, and USDA loans for those who live in qualifying rural communities.

License Verified:

License: 82525

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
Yelp
5.0 / 5 (22)
Google
4.3 / 5 (6)
Facebook
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
6260 Poplar Avenue, Memphis, TN 38119
  • New Construction

Why choose this provider?

Eagle Mortgage and Funding is a refinancing company based in Memphis. Its loan programs include new home purchases, refinancing options, conventional, USDA rural housing loans, 203(k) loans, affordability loans, conforming loans, conventional home loans, FHA loans, FHA mortgage, fixed-rate mortgage, jumbo home loans, location efficiency mortgage, RHS loan program, state and local housing programs, USDA mortgages, and VA loans. The company has a team of purchase assistants and refinance advisors ready to answer inquiries and its website is ready to answer other finance inquiries.

License Verified:

License: 156553

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.
4.4
Google
4.4 / 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
5350 Poplar Avenue, Suite 850, Memphis, TN 38119
  • Multi-Family Loans

Why choose this provider?

Local Mortgage is a family-owned company that serves clients in Memphis and the surrounding areas. It provides mortgage services to individuals who want to refinance their existing mortgage or secure a new home loan. Its loan officer offers consultation services to answer questions and review options. Its team has over 50 years of experience in the mortgage industry. CEO Travis Chapman started originating mortgage loans when he was 21 years old and has helped thousands of families buy homes and save money through refinancing.

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 (145)
Facebook
4.8 / 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
432 N Cleveland St, Memphis, TN 38104
  • New Construction

Why choose this provider?

Jennifer Ballheimer has been delivering home loans solutions to individuals in Memphis and the neighboring communities since 2002. She guides her clients in consolidating their debts and lowering their payments. The agent also offers assistance on various loan options, such as FHA, VA, and Jumbo home loans, and adjustable-rate mortgages. Jennifer also helps clients pay off their mortgage at any time without pre-payment penalties and in ensuring that their payment will not change throughout the life of the loan.

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
Facebook
5.0 / 5 (160)

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.
  • Can you refinance a mobile home in Memphis?

    Yes, it is possible to refinance a mobile home in Memphis. However, refinancing a mobile home involves navigating distinct mortgage prerequisites due to the unique nature of these properties. The eligibility for mobile home refinancing depends on factors like the construction date of the home, its dimensions, and whether it is affixed to its foundation.

  • Are there any prepayment penalties for mortgage refinancing in Memphis?

    There are limitations on prepayment penalties for mortgage refinancing in Memphis. Prepayment fees cannot exceed 2% of the loan amount or extend beyond a 24-month period from the loan's origination in high-cost loan scenarios. Furthermore, if a lender is refinancing a loan it owns or one held by an affiliated entity, no prepayment charges can be applied to the new loan.

  • Do you need an attorney for mortgage refinancing in Memphis?

    Similar to various legal and financial procedures in Memphis, the process of mortgage refinancing can be complicated. While it is not required, seeking the guidance of an attorney who handles mortgage refinancing matters can offer advantages in protecting your interests. Engaging an attorney's services can provide legal clarity and ensure you grasp the terms of the refinance arrangement.

  • Can you refinance multiple times in Memphis?

    Yes, you can refinance multiple times in Memphis, as there are no legal restrictions on how often you can pursue mortgage refinancing. However, note that each time you apply for refinancing, you must meet the particular criteria outlined by mortgage lenders. Additionally, if you are considering a cash-out refinance, there are other factors you must take into account.

  • Does refinancing more than once hurt your credit in Memphis?

    In Memphis, refinancing multiple times can impact your credit score due to the initiation of new loan applications. However, as you start making regular payments on the new loan and demonstrate responsible financial behavior, your credit score can gradually recover. In some cases, it might even improve over time.

  • 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.