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Best Mortgage Refinance Services

Mortgage Refinance systems can benefit your business in many ways, with a number of important features and functions. With COVID-19 constantly changing the rules of the game, the features offered by the latest Mortgage Refinance systems can keep you ahead of the competition, so look out for special New Year deals and make sure your business is ready for whatever Mortgage Refinance has in store.

Last Updated September 2022

Quicken Loans banner
  • Minimum Down Payment - 3%
  • Minimum Credit Score - 580
  • Rating - 4.5/5

Quicken Loans, which now goes under the name Rocket Mortgage, is a mortgage lender that operates in all 50 states and provides faster online application and government-guaranteed loans. Quicken Loans is the most convenient refinancing lender because of its broad reach and variety of loans. It provides an online application and facilitates electronic loan closings to speed up the application process.

FHA loans, VA loans, standard loans, the Home Affordable Refinance Program (HARP), jumbo loans, and fixed-rate mortgages for 15 and 30 years are available through Quicken. The service provider will accept loans with a minimum 620 credit score f and at least a 580-credit rating for FHA loans. These loans are available for almost every household in all 50 states. Quicken loans business has been around since 1985, headquartered in Detroit, Michigan. They provide in-person help and phone support.

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Quicken Loans logo
New American Funding banner
#2

New American Funding

  • Best For - Borrowers from underserved areas or those interested in specialized loans
  • Rating - 4.8/5
  • Minimum Credit Score - 620 for conventional loans.

New American Funding, which has its headquarters in Orange County, California, has more than 170 regional offices in other parts of the nation. This financial institution has set a target of lending $25 billion to Hispanic customers by 2024 and $20 billion to Black borrowers by 2028. The "I CAN Mortgage" program is one of the lender's loans options that stands out because it gives borrowers the freedom to choose a repayment term between eight and thirty years. It's important to note that the lender provides other lending options, such as jumbo loans and non-qualified mortgages, that are not included on the website (non-QM). It would be best if you talked to a loan officer for details on these products.

Pricing information is not listed on New American Funding's website. Get an estimate of your closing costs by asking about origination, administrative, and underwriting fees. Applying for a mortgage with New American Funding is as easy as filling out an online form and uploading the required documents. New American Funding provides a convenient mobile app that may be used to make loan payments and maintain tabs on your equity and home's worth.

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New American Funding logo
LoanDepot banner
  • Best For - Consumers seeking a digital loan experience with access to in-person support at over 200 locations in the United States.
  • Rating - 4.5/5
  • Minimum Credit Score - 580

LoanDepot is one of the most well-known brands in the mortgage industry, despite only having been around since 2010. Apart from its fully digital Mello smart loan procedure, this lender also has over 200 locations around the United States that customers may visit in person for help. LoanDepot is a great resource for refinancing your current mortgage.

If you finance a loan with this organization once, you will never have to pay a fee to refinance it again, no matter how many times you want to. Likewise, you will get paid for the cost of the assessment. Refinance rates and fees are not published online, so prospective customers need to inquire about them with a loan officer. LoanDepot uses an easy-to-use online system to gather your information for the loan application.

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LoanDepot logo
AmeriSave  banner
  • Best For - Prospective borrowers who want fast prequalification and access to valuable materials.
  • Minimum Credit Score - 580
  • Rating - 4.8/5

All states, excluding New York, are covered by the Amerisave Mortgage Corporation service area. They are refinancing profiles for the bulk of AmeriSave's business. The company's website has been updated with features like document upload and e-signature to make the loan process easier for customers who choose to do so online. However, the company's phone number is proudly featured for those who would still rather speak to a representative.

Complete mobile-friendly mortgage applications are available on the AmeriSave website, but only after users provide personal and financial information, input a verification number to their phone, and agree to a soft credit check. As soon as the process is started, AmeriSave provides features such as document upload, online loan progress monitoring, and electronic signatures for loan papers.

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AmeriSave  logo
Magnolia Bank banner
  • Minimum Credit Score - 620
  • Application Fee - Not available
  • Rating - 4.5/5

Magnolia Bank is one of the top 20 banks' first starters in the United States, with headquarters in Hodgenville, Kentucky. The bank has been around since 1919 and provides its lending services. When purchasing or refinancing a property, you should only get a mortgage from a reputable financial company. In addition to having an A+ rating with the BBB and having had no complaints from customers, Magnolia Bank has FDIC insurance. It's a good reason why Magnolia Bank makes over a billion dollars in mortgage loans annually.

Customers may choose the best process from a menu of available loans. For Magnolia Bank to approve your mortgage application, you must fulfil a few requirements. Having a credit score of 620 or above is a must. Address, date of birth, and annual income are the usual pieces of data expected by a mortgage application. Following submitting the right paperwork and receipt, you can choose the interest and conditions that best suit your needs. The application process for that finance type may then commence.

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Magnolia Bank logo
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