Best Mortgage Refinance Companies in Chesapeake

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Mortgage Refinance Companies FAQs

Last updated: October 1, 2022

Atlantic Union Bank

239 Battlefield Blvd S, Chesapeake, VA 23322

Reverse Mortgages
NMLS #: 39166

Founded in 1902, Atlantic Union Bank serves as one of the premier mortgage refinance lenders in Chesapeake. It offers customers a range of refinancing loan options, including conventional, FHA, VA, VDHA, USDA, and FHLB loans. Its loan specialists work directly with clients to help them decide which loan product is right for their specific situation. Atlantic Union Bank also offers a convenient online refinance calculator that lets borrowers compare current and potential interest rates and estimate closing costs.

BayPort Credit Union

677 Battlefield Blvd N, Chesapeake, VA 23320

Reverse Mortgages

BayPort Credit Union is a mortgage refinance company in Chesapeake. Since 1928, it has served the financial needs of shipyard employees and their families. This company offers 30-year fixed-rate FHA loans, fixed-rate VA loans, and jumbo ARM loans. The firm also provides services for vehicle, motor home, boat, and personal loans. Certain loans are eligible for BayPort Credit Union's Skip-A-Payment program. This company is also a National Credit Union Administration Low-Income Designated Credit Union.

Becky Amos - Tidewater Mortgage Services, Inc.

1100 Volvo Pkwy Ste 109, Chesapeake, VA 23320

Becky Amos - Tidewater Mortgage Services Inc. is a mortgage refinance company in Chesapeake. The mortgage loan officers assist with residential refinancing for condos, townhomes, single-family homes, and larger suburban properties. Tidewater refinances FHA, VHDA, and VA loans to give homeowners greater financial freedom through reduced monthly interest payments and loan terms. The company offers conventional loans of up to 95% for first-time home buyers and provides in-house underwriting, document drawing, and funding.

Cornerstone Home Mortgage, LLC.

Chesapeake, VA 23322

NMLS #: 39166

Cornerstone Home Mortgage LLC is a locally owned company that has offered home mortgage refinance in Chesapeake since 2005. Its experienced mortgage brokers assist homeowners considering refinancing to obtain better interest rates, lower monthly payments, or different loan terms. They can also help homeowners determine whether a fixed or adjustable rate and a 15-, 20-, or 30-year term is best for their situation. Cornerstone Home Mortgage offers conventional, jumbo, VA, and FHA loan options.

Dragas Mortgage Company

4532 Bonney Rd Suite A, Virginia Beach, VA 23462

New Construction

For over 50 years, the Dragas Mortgage Company has been serving clients throughout Chesapeake. It guides property owners through the mortgage refinancing process and assists on issues involving home appraisal, document processing, and loan closing. The company has experience with different types of loan programs, like VHDA, FHA, and VA loans. It also deals with new home buyers and educates them on the pre-qualification process. Wayne Zubyk, its president, has spent more than three decades in the real estate industry.

Jennifer Taylor – Dollar Bank

750 Volvo Pkwy, Chesapeake, VA 23320

NMLS #: 39166

Jennifer Taylor of Dollar Bank offers Conventional, VA, and FHA mortgage loans. The bank offers low rates and fees and prides itself on exceptional customer service. The company provides VA loans without organization fees, processing fees, or underwriting fees. Dollar Bank also offers its own Conventional home loan that has no Private Mortgage Insurance (PMI) at plans that involve 3% down and 0% down. With over eleven years in the mortgage industry, Jennifer Taylor at Dollar Bank can help clients with every step of the mortgage loan process.

Langley Federal Credit Union

2621 Taylor Rd, Chesapeake, VA 23321

Reverse Mortgages

Langley Federal Credit Union provides home mortgage refinance in Chesapeake and surrounding areas. The company offers fixed-rate home equity loans over periods of seven, 12, and 17 years and variable rate loans over a period of 40 years. Money can be withdrawn from the home equity loan for up to two years, making this an ideal option for clients anticipating big expenses in the near future. Additionally, it offers VA and FHA mortgages.

Loan Rangers Lending Team

870 Greenbrier Circle, Suite 112, Chesapeake, VA 23320

Reverse Mortgages

Loan Rangers Lending Team is a full-service mortgage company serving Chesapeake and its surrounding communities. It assists individuals who are looking to purchase or refinance a property by presenting a wide range of loan programs, such as VA, FHA, jumbo, conventional, renovation, and investor. Its team works with Realtors for the pre-qualification process of buying a new home. The company also provides mortgage calculators for home valuation, interest rates, tax benefits, and annual percentage rates.

Navy Federal Credit Union

1020 Eden Way N, Chesapeake, VA 23320

Founded in 1933, Navy Federal Credit Union, one of the largest credit unions in the world, offers home mortgage refinancing to help customers obtain lower interest rates and monthly payments or to receive cash from their home equity. The credit union serves members of the armed forces and the Department of Defense as well as veterans and their families. Navy Federal Credit Union's home refinance mortgage options include conventional, jumbo, VA, Military Choice, and home buyers Choice loans.

Old Point Mortgage

1613 Laskin Rd, Virginia Beach, VA 23451

Reverse Mortgages
NMLS #: 39166

Old Point Mortgage is a division of Old Point National Bank, a full-service community bank that's served clients in Chesapeake since 2007. The firm's mortgage specialists assist clients looking for new homes or considering refinance loans while making improvements to their properties. It provides fixed- and adjustable-rate mortgages and jumbo, USDA, FHA, VA, and renovation loans, as well as state-specific bond programs. Old Point Mortgage is a recipient of the Best of Business Award by Cova Biz Bob.

OVM Financial

5040 Corporate Woods Dr Ste 100, Virginia Beach, VA 23462

Reverse Mortgages

OVM Financial is an independently owned and operated retail mortgage lender serving clients in Chesapeake since 2001. The firm provides mortgage refinance loans to help clients make home improvements, consolidate their bills, save interest over the life of their loans, and convert mortgage rates from adjustable to fixed. It handles VA, FHA, USDA, conventional, renovation, and home construction loans. OVM Financial also helps out with payment assistance, jumbo loans, and reverse mortgages.

Ronetta Sykes

425 West Washington Street, Suffolk, VA 23434

NMLS #: 39166

Ronetta Sykes is a loan originator who works for First Home Mortgage and serves clients in Chesapeake. Ronetta assists homebuyers in securing financing and offers mortgage refinancing options for homeowners. She also serves as a board member and treasurer for Virginia Housing and Community Development Corporation. As a qualified trainer with VHDA, she aims to educate the public about homeownership and home financing. Working for First Home Mortgage has allowed her to help clients reduce their monthly payments and shorten their mortgage terms.

Southern Trust Mortgage - Virginia Beach

4433 Corporation Lane, Virginia Beach, VA 23462

NMLS #: 39166

Southern Trust Mortgage specializes in providing home loans and mortgage refinancing options to clients in the greater Chesapeake area. It assist clients looking to consolidate debt or pay off their mortgages faster by using a number of mortgage refinancing options such as FHA or VA loans and adjustable-rate mortgages. The company offers reverse mortgage options to clients who wish to access their home's equity. Additionally, it provides USDA and jumbo loans for home purchases.

Towne Bank Mortgage

600 22nd Street, Virginia Beach, VA 23451

NMLS #: 39166

Towne Bank Mortgage is a local mortgage company that coordinates with local Realtors, builders, and appraisers to assist homeowners in the Chesapeake area. The firm helps loan seekers determine mortgage refinancing options to help them reduce monthly payments, interest rates, and the repayment term. Clients seeking to keep their second mortgages intact may benefit from the company's subordination services. Towne Bank Mortgage provides conventional, FHA, and VA loans. It also offers USDA, jumbo, and reverse mortgages.

United Home Mortgage Services Inc

1216 Saddleback Landing, Chesapeake, VA 23320

Reverse Mortgages

United Home Mortgage Services Inc. is a locally owned company that has specialized in full-service home mortgage refinancing services in Chesapeake since 1989. Its experienced loan officers analyze specific situations to determine if refinancing is the right solution. They work directly with clients to determine which type of lending option, including conventional, USDA, VA, and FHA loans, is best and to iron out its terms. United Home Mortgage Services handles everything from the prequalification application to closing.

Vantage Point Mortgage

615 San Pedro Dr, Chesapeake, VA 23322

Reverse Mortgages

Vantage Point Mortgage helps clients in Chesapeake by acquiring accurate mortgage opportunities for home purchase and refinancing. It recommends different programs, options, and terms that benefit borrowers. The company offers mortgage home purchase, home refinancing, FHA, VA, USDA, jumbo loans, and fixed mortgages. Individuals aspiring to own homes for only a few years can opt for an adjustable-rate option, which offers lower interest rates than a fixed-rate mortgage. The loan officers assess clients' needs and objectives before offering solutions.

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Frequently Asked Questions

Q: What should you expect when refinancing a mortgage?

A: When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

Q: How often should you refinance your mortgage?

A: There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

Q: Can you refinance a first mortgage and not a second?

A: You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

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