Expertise.com

Best Mortgage Refinance Companies in Norfolk

2024

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls
Mortgage Refinance Companies FAQs 〉

Providers

Last updated:

Website
1108 Eden Way North, Chesapeake, VA 23320
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Shikma Rubin caters to millennials in Norfolk and the surrounding areas. She offers them refinancing options, so they can change the terms of their current mortgages and settle new agreements for their principal and interest payments. VA and FHA streamline are available. Other loan options she provides include VHDA, which helps first-time homebuyers, and conventional, which requires a five percent down payment. Rubin educates clients by breaking down lengthy terms and conditions. Her writings have been featured on Inside Business and The Virginian-Pilot.

License Verified:

License: 1114873

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 (73)
Facebook
5.0 / 5 (27)

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
1545 Crossways Blvd., Suite 250, Chesapeake, VA 23320
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Vantage Point Mortgage accommodates residential clients in Norfolk. Its home refinance process helps homeowners find the right loan program for their situation by analyzing their needs and comparing the interest rates and terms of available offers. The company carries flexible plans, including jumbo, VA, FHA, and 203K loans, as well as mortgages with adjustable or fixed rates for 15- and 30-year periods. Vantage Point Mortgage takes an education-first approach by understanding and considering financial goals and wealth planning in its recommendations.

License Verified:

License: 1979521

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
Facebook
5.0 / 5 (55)
Google
5.0 / 5 (43)

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
517 Kempsville Rd, Suite I, Chesapeake, VA 23320
  • Multi-Family Loans
  • New Construction

Why choose this provider?

Team Lacey Mortgage provides services to Norfolk and the surrounding areas. It helps individuals refinance their mortgage loans to shorten their loan terms, obtain cash for home improvement, and reduce monthly payments. It also offers various mortgage types, such as FHA, USDA, conventional, and VA. Its team carries VHDA loans for individuals who haven't owned a residential property in the past three years. Its branch manager, Brian Lacey, has been serving in the mortgage industry for more than three decades.

License Verified:

License: 13008

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

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
468 Investors Place Suite 102, Virginia Beach, VA 23452

Why choose this provider?

Consumer Mortgage & Investment Corp. serves the needs of homeowners in Norfolk and the surrounding areas. In operation for more than 40 years, it helps clients shop for suitable mortgage plans that match their necessities. Clients looking for ways to pay for lower mortgage rates may avail of the company’s services mortgage refinancing assistance. It also has an online tool that allows customers to calculate possible rates for refinancing. The firm additionally offers FHA, FHA reverse, and VA mortgages.

License Verified:

License: 72902

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
Virginia Beach, VA 23450
  • Multi-Family Loans

Why choose this provider?

Briggs Team Lending provides services to clients in Norfolk and the surrounding areas. It helps individuals refinance their existing mortgage loans to help reduce their interest rates and change their loan terms. It also guides clients in applying for jumbo, conventional, USDA, FHA, and VA loans to purchase homes without exceeding their financial goals or budget. Renovation and construction loan programs are also available. Briggs Team Lending brings more than four decades of experience in the industry.

License Verified:

License: 181846

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 (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
4532 Bonney Rd., Virginia Beach, VA 23462
  • Reverse Mortgages

Why choose this provider?

For more than 50 years, Dragas Mortgage Company has helped Norfolk clients achieve homeownership, change mortgage terms, and get equity out of homes. Its loan officers help clients find the right loan program and guide them through the refinancing process of appraisal and submission of income and asset statements. The company also has a pre-qualification tool and mortgage calculator to educate clients about refinancing. Dragas Mortgage Company is headed by President Wayne Zubyk, who has over 35 years of industry experience.

License Verified:

License: 396369

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 (5)

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
200 Golden Oak Court, Suite 100, Virginia Beach, VA 23452
  • Reverse Mortgages

Why choose this provider?

Eddie Holt is a senior loan officer that serves clients across Norfolk. He advises homeowners considering refinancing their properties to attain a range of goals, from lowered interest rates to decreased mortgage terms. Holt has experience helping individuals in qualifying for an interest rate reduction refinance loan from the VA. He also guides first-time homebuyers through the financing process and addresses their concerns involving down payment assistance programs. Holt has more than 25 years of experience in the mortgage industry.

License Verified:

License: 268005

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
Facebook
4.6 / 5 (151)

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
5040 Corporate Woods Drive Suite 101, Virginia Beach, VA 23462
  • New Construction

Why choose this provider?

Stephen Holland, a mortgage loan originator at AnnieMac Home Mortgage, serves members of the Norfolk community. He offers residential property owners planning to refinance their home mortgage solutions that will allow them to see reduced monthly payments. Stephen also educates clients with up-to-date mortgage information to help them make informed decisions and save money in the long run. Prospective first-time and repeat homebuyers can also turn to Stephen for assistance with conventional, VA, FHA, USDA, and Jumbo loan options.

License Verified:

License: 1084044

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

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.
  • How far back do lenders check bank statements when you apply for refinancing in Norfolk?

    The most recent two months' bank statements are used. This is because earlier deposit accounts would be reflected in the person's credit report. There is an exception for self-employed people applying for refinancing in Norfolk who want to be approved based on their bank accounts rather than their tax returns. In this case, they must provide bank statements from the previous 12 or 24 months.

  • Is a HELOC refinance in Norfolk risky?

    The greatest risk of a HELOC loan is the possibility of losing your Norfolk home. This is because, in order to obtain this loan, you must pledge your home as collateral to the bank or lender. If you fail to make regular payments, your house may be seized. Another disadvantage of a HELOC refinance is that, due to variable interest rates, your monthly payments can rapidly increase or decrease depending on economic conditions. Additionally, because the credit line is similar to that of a credit card, a HELOC can lower your credit score.

  • Can you refinance a VA loan in Norfolk to buy a rental property?

    Yes, you can refinance a VA loan to a conventional loan in order to purchase a rental property in Norfolk. You cannot use your VA benefits to purchase a property that is not your primary residence. However, with a conventional loan, you can convert your current home into a rental property. Then you can use your VA benefits to purchase a new primary residence.

  • What is the average closing cost of refinancing in Norfolk?

    Closing costs typically range between 2% and 6% of the total loan amount. According to statistics, the average closing costs in the state are $3,230 with taxes and $2,167 without taxes. The closing cost in Norfolk is not just one fee; it may include taxes, loan origination fees, application fees, and title search and insurance costs.

  • How does the Norfolk Redevelopment Housing Authority (NHRA) help individuals and families with homeownership?

    Through the NHRA's HomeNet Homeownership Center, individuals and families can find grants, attend counseling programs, and get referrals to lenders. They can check available grants that can be an aid to their homeownership goals. Some of these are the Homeward Norfolk Program, Virginia Individual Development Accounts, and Sponsoring Partnerships and Revitalizing Communities. The NHRA can be reached by phone at 757-623-1111 or by its location at 555 E. Main St., Norfolk, Virginia 23510.

  • 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.