5 Best Mortgage Lenders in Minnesota 2019
If you’re a Homeowner looking to refinance a mortgage in Minnesota, there are some amazing mortgage refinance solutions available to you. Minnesota is home to around 5.5 million people, and with today’s mortgage rates as low as they are, the housing market is prime for refinancing to home loan with a lower interest rate! Additionally, Home values have actually risen between December of 2017 through 2018 and are forecasted to rise another 5.6% through 2019.
The rising home values make it essential for home buyers on the market for a mortgage refinance to do everything they can to keep their housing costs as low as possible, or possibly tap into their home equity. And, whether you’re looking to refinance to a fixed rate or adjustable rate mortgage, or to FHA, VA, or USDA home loan options that offer amazing benefits like low interest rates or flexible down payment requirements, the first step is to find the right lender.
In this article, we’ll review the best mortgage refinance lenders in the state of Minnesota, and why you should consider working with them for your mortgage refinance
#1 Minnesota Mortgage Refinance Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for refinancing conventional, FHA, and VA loans across the country. Homeowners will agree that it’s actually pretty easy to find a Fairway location when it's time to refinance a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage refinance transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for homeowners who are refinancing for the first time. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage refinance at a great rate in a stress-free environment.
#2 Minnesota Mortgage Refinance Lender: Wells Fargo Bank
Regardless of who you choose to bank with, there is no denying that Wells Fargo is a huge player in the world of home finance. Home Loans, Mortgage Refinancing, Home Equity Loans, Helocs -- They do it all.
Wells Fargo is actually one of the nation’s largest residential lenders. They have endless experience originating and refinancing affordable mortgage products, and working with borrowers to ensure that they can obtain the best home loan for their financial situations.
While many of the bigger lending institutions impose strict eligibility requirements for their borrowers, The folks at Wells Fargo offer some flexibility to their clients. Along with flexibility, past clients have consistently pointed out that mortgages from Wells Fargo have lower rates and upfront costs than is typically accepted.
#3 Minnesota Mortgage Refinance Lender: Axia Home Loans
A company after our own hearts, Axia Home Loans operates on the basis of educating the home buyers who choose them both before and during the refinance process. According to them, A comfortable closing is their goal.
Closings, of course, can be a rough time for any home buyer, but the specialists at Axia are more than capable of creating an environment where the homeowner is confident and ready to for anything. Axia’s loan officers specialize in customer satisfaction, so at no point should a homeowner ever feel as though they have no one to turn to.
User reviews show that past clients are mostly impressed by the companies dedication to providing excellent service and advice to its client base. The level of knowledge and determination will surely be more than capable of getting even the most difficult home loan refinance transactions closed.
#4 Minnesota Mortgage Refinance Lender: CrossCountry Mortgage
CrossCountry Mortgage is one of the largest and fastest growing lenders in the United States. Since it was founded in 2003, CrossCountry Mortgage has done its best to meet the rapidly changing needs of the consumer. While it started as simply a small mortgage brokerage, today, CrossCountry Mortgage offers a wide variety of loans, including FHA loans and VA home loans while also being a powerhouse for refinancing, home equity loans, and more.
While the company does have a robust online presence, with applications that can easily be filled out online, it also boasts a strong workforce of mortgage brokers. Its website even has an easy search function that allows potential borrowers to search for a mortgage broker by name or by branch location.
#5 Minnesota Mortgage Refinance Lender: PrimeLending
When you combine speedy service, local expertise, and a personalized mortgage experience for every borrower, you get the exact formula that has helped to make PrimeLending into the company that it it recognized as today. A veritable powerhouse in the home finance industry, PrimeLending owes much of its success to its people-centric approach to mortgage origination and refinance.
The idea at PrimeLending is to be not only transparent, but to be more flexible to each borrower’s unique needs. This allows the loan officers of PrimeLending to realistically empower home buyers and homeowners alike to pursue the ideal loan options that they want, rather than just force them into any option that they happen to qualify for.
With over 30 years in the industry, their commitment to giving borrowers a rewarding mortgage experience definitely shows. PrimeLending has countless 5-star Zillow reviews, and a customer satisfaction rating of 96%
Shop Around Before You Get a Minnesota Home Loan Refinance
Our picks for the best mortgage refinance lenders in Minnesota may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal refinance solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!