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2024

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Best Mortgage Refinance Companies in McAllen

Our Recommended Top 10

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 McAllen 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.

83

Reviewed

53

Curated

10

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
5801 N 10th St Ste 300, McAllen, TX 78504
  • New Construction

Why choose this provider?

Mortgage Pros is a McAllen-based provider that serves residential clients. It offers refinancing solutions for owners who want to restructure their mortgages by transforming their monthly payment rates and loan durations. It provides multiple loan types, including FHA, VA, 203(k), USDA, and jumbo loans. It also assists with the Bond program and HECM. Mortgage Pros was established in 2017 and is supported by Directions Equity LLC. It is headed by Oz Salinas, a Spanish bilingual with over 16 years of industry experience.

License Verified:

License: 214519

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.
4.6
Google
4.8 / 5 (77)
Facebook
3.8 / 5 (20)

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
3111 W Freddy Gonzalez Dr Suite 225, Edinburg, TX 78539
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Wallstreet Wholesale Lender specializes in residential, commercial, construction, and builder lines of credit that help clients acquire a property in McAllen and the surrounding areas. It offers various mortgage refinance options like conventional, jumbo, FHA cashout, VA streamline, and USDA streamline to help those with existing mortgages get a better rate and term. Those looking to purchase a home for the first time may choose from FHA, VA, USDA, jumbo, conventional, and one-time closing loans.

License Verified:

License: 1711925

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 (160)

Website
7017 North 10th Street Suite O2, McAllen, TX 78504
  • New Construction

Why choose this provider?

Finance Home America is a mortgage banker in McAllen that offers home loan programs for purchases, refinancing, and renovation. The company is a division of the Eustis Mortgage Corporation, which has been in the real estate financing industry since 1956. It offers cash-out refinancing solutions which tap into home equity and convert it into cash for home remodeling, tuition payments, unexpected expenses, high-interest credit card payments, and home improvements. Finance Home America also offers vet loans through the Texas Veterans Land Board.

License Verified:

License: 70345

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 (52)
Facebook
5.0 / 5 (13)

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
5915 Silver Spring Dr Bldg 5, Ste M, McAllen, TX 79912

Why choose this provider?

Canopy Mortgage is a mortgage broker that serves clients in McAllen. Through a convenient online application, it assists with mortgage refinancing of current homeowners with FHA loans who want to take cash out, lower their monthly payments, or shorten their loan term. First-time homebuyers seeking to own a home through FHA loans are served by the mortgage broker as well. Canopy Mortgage residential mortgage loan originator Danny Nassar has been in the industry since 2004.

License Verified:

License: 1359687

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.
4.0
Google
4.0 / 5 (4)

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
213 W Expy 83 suite d, Pharr, TX 78577
  • New Construction

Why choose this provider?

La Cross Mortgage offers its counsel and choices to potential applicants in McAllen who wish to refinance their current mortgages. Its loan officers organize in-depth consultations that focus on evaluating their clients' eligibility for specific plans based on their credit situations and financial needs. Their refinancing programs provide opportunities for applicants to secure home equity cash-outs to fund domestic endeavors and reduce their interest rates and monthly payments. The firm is also open to applications and inquiries from those who speak Spanish.

License Verified:

License: 1584260

Nationwide Multistate Licensing System and Registry

Website
1715 W Trenton Rd, Suite 203, Edinburg, TX 78539
  • New Construction

Why choose this provider?

Mr. Mortgage helps clients in McAllen and the surrounding areas refinance existing loans. Its mortgage process starts with a loan pre-approval followed by house viewings with a client's Realtor. Once the mortgage request is submitted, it will be reviewed by an underwriter before the transaction is finalized. Sergio Melendez, Mr. Mortgage himself, has been in the lending business since 2004. He works closely with clients to make sure their loan decisions align with their short- and long-term goals.

License Verified:

License: 2190447

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.
4.6
Google
4.6 / 5 (9)

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
3700 North 10th Street, Suite 303, McAllen, TX 78501
  • New Construction

Why choose this provider?

The Home Loan Experts is a mortgage brokerage company serving McAllen. The firm provides mortgage refinance to individuals seeking to consolidate debt, reduce monthly payments, shorten loan terms, and pay off their mortgage faster with a new loan. Its mortgage specialists—Roel Reyna, Ricardo Trejo, and Pamela Trevino—assess their client's financial situation and recommend the best refinance option for their needs. The company is a subsidiary of Paramount Residential Mortgage Group, Inc., a nationwide mortgage lender that has helped thousands of borrowers for over 20 years.

License Verified:

License: 1497157

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 (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
2520 Buddy Owens Blvd, McAllen, TX 78504
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Monica Hernandez provides mortgage refinancing to individuals and families in the McAllen area. She is one of the branch mortgage loan originators of the Gold Financial Services franchise that has been in service for over 25 years. Hernandez and her team assist homeowners through refinance programs such as USDA, VA, FHA, and conventional options. One of the clients commended Monica for closing a loan contract in a week compared to his previous lender, who needed three months.

License Verified:

License: 314455

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 (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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
2117 Cornerstone Boulevard, Edinburg, TX 78539
  • Reverse Mortgages

Why choose this provider?

Cabrales Mortgage assists McAllen residents in realizing their homeownership goals. It provides mortgage refinancing services to change the terms of home loans or lower borrowers' fixed interest rates. Its mortgage loan advisors provide clients with well-defined options to assist them in making decisions appropriate for their financial situations. The team is managed by Paty Cabrales, who works with home sellers to determine the ability of prospective buyers to obtain financing and whether their loans will close on time.

License Verified:

License: 2384767

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 (211)

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
1012 Martin Ave, Suite C, McAllen, TX 78504
  • New Construction
  • Reverse Mortgages

Why choose this provider?

A A Genesis Investments LLC is a full-service mortgage brokerage based in McAllen that serves clients in the metro and the surrounding neighborhoods. It provides various refinancing options, such as FHA streamline, FHA cash out, and conventional refinances, for residential, vacation, and investment properties. The company also offers FHA, VA, USDA, and jumbo loans with different interest rate options for clients looking to buy a home. A A Genesis helps borrowers throughout the entire home loan process, from selecting the right program to closing loans.

License Verified:

License: 1153319

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 (26)
Yelp
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.
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.
  • What can you get from rate-and-term refinance in McAllen?

    Through a rate-and-term refinance in McAllen, you can improve your mortgage situation. You can get better terms like lower interest rates and adjusted payment schedules by swapping your current loan for a new one. Meeting credit and income criteria let them secure a new mortgage with improved rates, potentially saving money and optimizing financial outcomes.

  • What are the advantages of refinancing a mortgage in McAllen?

    Mortgage refinancing offers clear benefits for McAllen residents. These include securing lower interest rates, leading to lower monthly payments and savings. Customizing the mortgage term can mean reduced payments or faster debt payoff, promoting quicker equity growth. Additionally, people can use refinancing to consolidate various debts, simplifying financial organization for added convenience.

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

    In McAllen, the usual cost of mortgage refinancing falls between 2% and 6% of the loan amount. The expense depends on loan size, applicants' credit scores, home equity, mortgage term, and type. Individuals should consider these factors and talk to local lenders to find the exact cost. They can offer personalized estimates based on their specific situation.

  • Is down payment assistance available for FHA loans in McAllen?

    In McAllen, eligibility for down payment assistance for FHA loans depends on the specific location. Individuals can seek help from mortgage lenders to verify eligibility for these programs. These experts will provide guidance and assess the viability of any relevant down payment assistance opportunities. To explore the availability of such assistance, initiating contact with a mortgage refinancing company is recommended.

  • Are there any mortgage programs in McAllen that offer no down payment options?

    Two mortgage programs in McAllen offer 100% financing, thus eliminating the need for a down payment. These programs include VA loans, tailored for veterans, and USDA loans, designed to facilitate rural property financing (excluding urban areas). While these options provide no-down-payment choices, individuals looking for reduced down payment alternatives are advised to consult local lenders. They can also explore FHA or conventional loans with varying down payment requirements.

  • 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.