Mortgage Refinance Companies in Norfolk, VA
Directory of mortgage refinance companies in Norfolk, Virginia. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Virginia before hiring.
Showing 15 mortgage refinance companies in Norfolk, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A mortgage refinance company in Norfolk Virginia helps homeowners replace their existing home loan with a new one. These companies guide clients through Virginia specific rules such as the state's usury limit which caps interest rates on loans under $5,000 at 12 percent. Working with a local company can also help you understand Norfolk property values and regional market trends.
What Does a Mortgage Refinance Company in Norfolk Cost?
Typical costs for a mortgage refinance in Norfolk Virginia include an application fee of $250 to $500 an appraisal fee of $400 to $700 and title insurance which can cost $500 to $1,000. Closing costs often total 2 to 5 percent of the loan amount. For a $200,000 loan that means $4,000 to $10,000 in fees. Virginia also charges a recordation tax of $0.25 per $100 of the loan amount. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to refinance a mortgage in Norfolk Virginia?
You typically need recent pay stubs tax returns bank statements and a valid ID. Virginia law requires lenders to provide a Loan Estimate within three business days of your application. Your refinance company will also need a home appraisal.
How long does a mortgage refinance take in Virginia?
A standard refinance in Virginia usually takes 30 to 45 days from application to closing. Virginia has no specific state law that sets a maximum time limit for refinancing. Delays can occur if the appraisal or title search takes longer than expected.
Can I refinance a mortgage with bad credit in Norfolk?
Yes some lenders offer refinance options for borrowers with lower credit scores. Virginia law does not set a minimum credit score for refinancing but individual lenders have their own requirements. You may face higher interest rates or need to pay for private mortgage insurance.