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Best Mortgage Refinance Companies in Richmond

2024

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Providers

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Website
4461 Cox Road, Glen Allen, VA 23060
  • Construction
  • Conventional Loans
  • First Time Home Buyers
  • Divorce Mortgage
  • Purchase and Refinance
  • Mortgage Refinance
  • VA Home Loans
  • Residential Mortgages
  • Conventional
  • Purchase
  • Conventional Lending
  • Investor Loan
  • Investment Home Opportunities
  • VA Loans
  • Investment Buyers
  • Government Programs
  • Refinance
  • Home Purchase
  • Home Loans
  • Purchase Mortgage and Refinance
  • Purchased Mortgage
  • Government
  • Resale Purchase
  • Refinancing
  • Purchase Transactions
  • FHA Loans
  • Jumbo Loans
  • New Construction
  • Residential
  • Renovation Loan
  • Purchases
  • Mortgage Lender
  • Home Equity Cash Out
  • Purchase Refinance
  • Mortgage Broker
  • New Purchases
  • Cash-out Refinance

Why choose this provider?

Capital Center helps the residents of Richmond and nearby areas with mortgage refinancing. It aims to streamline the process by offering a variety of tools on its website, such as a mortgage refinance calculator and an application form. Its website also provides a refinance guide to help people understand their options. Capital Center has helped over 46,000 clients achieve their home ownership goals, and its loan programs include VA, FHA, jumbo, and adjustable- and fixed-rate mortgages.

License Verified:

License: 67717

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.
4.5
Google
4.6 / 5 (229)
Yelp
4.0 / 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

Price: Free quote

Richmond, VA

Why choose this provider?

Need help contacting a Mortgage Refinance Company in Richmond? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

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

Price: Free booking service | Call 848.Book.Pro!

Website
5300 Hickory Park Drive, Glen Allen, VA 23059
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

TrustMor Mortgage Company is a team of mortgage refinancing specialists that assists and counsels clients looking for mortgage refinancing options in the Richmond area. The company was founded by home-building professionals who tapped into the mortgage market due to a shortage of lenders and financing options. This first-hand experience of the clients' perspective in homeownership motivated the company to provide wider options for reducing mortgage interest rates, loan lengths, and monthly payments, as well as consolidating debt.

License Verified:

License: 93789

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.
1.0
Yelp
1.0 / 5 (1)

Website
4198 Cox Road, Glen Allen, VA 23060
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

Since its inception in 1998, Southern Trust Mortgage, LLC, has been assisting homebuyers, owners, and residential real estate investors in Richmond with their mortgage financing needs. The company helps clients who wish to enhance their financial situation with its mortgage refinancing programs. Its mortgage specialists provide an extensive array of refinancing options depending on the client's needs. These include adjustable rate mortgages, FHA, VA, and cashout refinance. The team also assists clients with debt consolidation and private mortgage insurance elimination.

License Verified:

License: 2921

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.
4.8
Google
5.0 / 5 (86)
Facebook
4.5 / 5 (77)

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
8339 Wetherden Drive, Mechanicsville, VA 23111
  • Reverse Mortgages
  • NMLS #: 39166

Why choose this provider?

1st Call Mortgage is a Richmond mortgage refinance agency that specializes in refinancing options for homeowners in the area. The company offers wide options for mortgage refinancing and loans that cater to different housing units, from single-family homes to condominiums. Its team of NMLS certified loan specialists is committed to helping clients find the best option based on their budget and current financial situation. Some of its refinancing options include reducing monthly interest rates, cashing out equities, and short-term loans.

License Verified:

License: 1120965

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 (9)
Facebook
5.0 / 5 (8)
Yelp
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
3900 Westerre Parkway, Richmond, VA 23233
  • Reverse Mortgages

Why choose this provider?

Dominion Capital Mortgage Inc. is a mortgage refinancing company serving clients in Richmond since 2006. It provides a wide variety of loan programs, including fixed-rate from 8 to 30 years, ARMs from 3, 5, 7 to 10 years, FHA, USDA, VA, and jumbo. They also offer conventional mortgages for single-family homes, townhomes, condos, multi-unit homes, second homes, and investment properties. Work on properties Dominion Capital Mortgage Inc. also offers home purchasing assistance, renovation loans, and home appraisals.

License Verified:

License: 270930

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.
3.5
Yelp
3.5 / 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 should residents of Richmond consider before refinancing their mortgage?

    Richmond homeowners contemplating mortgage refinancing must assess various factors. Consideration should be given to the financial implications of refinancing, the existing and potential new loan interest rates, the amount of equity established in the property, the anticipated length of stay, and the individual's present income and creditworthiness. Generally, refinancing becomes advantageous when available mortgage rates are a full 2% lower than one's current loan rate.

  • How can Richmond property owners benefit from "no closing cost refinances"?

    "No closing cost refinances" offers a solution for Richmond property owners who wish to dodge the hefty immediate fees typically linked with refinancing their mortgages. However, there is a catch: While the initial outlay is decreased, interest rates rise somewhat throughout the life of the loan. This could translate to steeper financial commitments over time.

  • How does cash-in refinance work, and how it can help homeowners in Richmond?

    A cash-in refinance lets property owners pay extra funds into their mortgage's main amount, thereby lessening what's owed. This tactic can help Richmond homeowners reduce the loan-to-value (LTV) ratio below 80%, removing the need for private mortgage insurance (PMI) and diminishing monthly obligations. Unlike a cash-out refinance, this method doesn't involve taking on more debt than what is already owed.

  • What are the potential expenses Richmond residents might face when refinancing their mortgage?

    Richmond property owners considering a mortgage refinance must be mindful of various expenditures. These encompass application charges, early payoff penalties on existing loans, and fees for assessing the house's current market value. Additionally, the refinancing process, just like the initial mortgage, necessitates closing fees, encompassing title examinations and legal consultations. Such costs are crucial to examine before embarking on refinancing.

  • What are mortgage points, and how can they be advantageous to property owners in Richmond?

    Mortgage points refer to percentages of the loan sum; one point equals 1%, meaning a point on a $100,000 loan is $1,000. Discount points, paid upfront, can decrease the mortgage interest rate. For people in Richmond planning to reside in their property for several years, paying points is advisable, as monthly savings can outweigh the initial cost. Short-term residents may not benefit.

  • 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.