5 Best Mortgage Refinance Lenders in Virginia 2019

norfolk-virginia-min.jpg

If you’re a Homeowner looking to refinance a mortgage in Virginia, there are some amazing mortgage refinance solutions available to you. Virginia is home to around 8.4 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 3.3% 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 Virginia, and why you should consider working with them for your mortgage refinance


#1 Virginia Mortgage Refinance Lender: Embrace Home Loans, Inc

The team over at Embrace Home Loans really knows how to take the fear out of the mortgage process. They take great pride in their singular focus of providing high-quality and affordable home loan refinancing options to the home buyers that give them their trust.

Embrace Home Loans is home to loan officers who never withhold options from their clients. Every single step and every single action gets explained in full, and if there are any questions, you can bet they will be answered before anyone signs anything into action.

Dozens upon dozens of past clients have attested to the fact that the loan officers of Embrace home loans truly care about refinancing a home loan with terms and rates that are satisfactory to the borrower. And they manage to do this without incurring any stress or hold-ups during the mortgage transaction.

#2 Virginia Mortgage Refinance Lender: U.S. Bank

With a history dating all the way back to 1863, U.S. Bank is the farthest thing from the new kid on the block. Its strong presence in today’s mortgage market is a testament to their deep commitment to providing affordable home loans with excellent service.

U.S. Bank is well known for its knowledgeable staff and expert loan officers. Chances are, no matter what a borrower’s financial situation may look like, they can come up with a solution.

Experience often trumps trendy advancements, and the face-to-face personalized mortgage services offered by U.S. Bank are a shining example of this. Home buyers never have to worry about a lack of communication or being rushed, and will be treated with the same respect and due diligence as their big-name clients.

#3 Virginia Mortgage Refinance Lender: Summit Mortgage, Inc.

As a company whose motto is “It has never been about us”, Summit Mortgage truly puts their clients before anything else. The team at Summit is well aware of just how stressful a mortgage transaction can be, so they endeavor to create a simple, fast, and easy mortgage experience for home buyers.

Summit Mortgage’s website is incredibly informational, with tons of insight on may different loan types, including conventional, FHA, and VA loans. There even offer guidance on any mortgage product that they offer, from any of their loan officers at home buyer’s choosing.

Past clients all seem to acknowledge the down to earth, honest, and hard-working nature of the loan officers from Summit Mortgage, and above all, the simplicity of the mortgage transaction.

#4 Virginia Mortgage Refinance Lender: Guaranteed Rate

A Kingpin of the online mortgage trend that plays a large role in mortgage refinancing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.

Guaranteed Rate is also extremely experienced with the origination and refinancing of government-insured loan products such as FHA and VA loans. The ability to offer mortgage refinancing through one of the best digital mortgage platforms available makes them serious competition to other mortgage lenders, and highly favored among repeat and first time home buyers.

The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be refinanced without ever needing to speak with someone unless requested by the homeowner.

#5 Virginia 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.


 

Shop Around Before You Get a Virginia Home Loan Refinance

Our picks for the best mortgage refinance lenders in Virginia 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!