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What are some lenders that do home loan refinance with someone of low income, state of...

What are some lenders that do home loan refinance with someone of low income,

state of florida

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Expert Solution

1)  Busey Bank is a large mortgage lender located in Saint Louis, Missouri. This bank delivers traditional Midwest business pride with award-winning customer service rankings. Busey runs additional offices in Florida, Illinois, Indiana, and Missouri.

2) Chase: Best Traditional Bank- The bank has more than 4,900 branches and nearly half of all American households as customers in some form.

U.S. Retail Banking Satisfaction Study, Chase finished first in California and Florida and scored above average in every other region.

3)  Guaranteed Rate: Best Interest-Only Mortgages

With an interest-only loan, you can often make lower payments every month than with a traditional, conventional loan.

when the interest-only period ends, your mortgage payment balloons to a much higher amount.

4). Citi

Citi's HomeRun mortgage is focused on families that may not have the traditional 20% saved for a down payment, and who are looking for a reasonable mortgage payment to fit into limited income.

5). New American Funding: Best for Poor Credit

New American Funding looks at every application manually before approving or denying a loan. Some online lenders approve or deny instantly based on computer algorithms, making it hard to get a loan with bad credit.

6). loanDepot: Best for Refinancing

LoanDepot makes the refinance process smooth and simple. The company is so popular for refinancing that it has funded more than $100 billion for mortgage loans and refinancing.

7). Quicken Loans: Best Overall

Quicken Loans is a well-known mortgage lender with large online and TV advertising campaigns touting the benefits of its premier Rocket Mortgage product.

Quicken Loans is the biggest mortgage lender for a reason. It has a nationwide footprint and makes applying for a mortgage online very easy on the borrower. It offers competitive rates as well.


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