Based in Medford, Summit Lending Solutions helps homeowners throughout Southern Oregon and the Rogue Valley evaluate refinance opportunities. We also continue serving homeowners in Phoenix and across our other licensed states.

Mortgage Refinancing

Refinance Your Mortgage in Medford & Southern Oregon

Explore whether refinancing could lower your rate - Explore Lowering Your Payment - Access Your Equity | Licensed in AZ, CO, ID, OR, WA and WY

Start My Refinance (541) 228-9888

20+

Years Experience

States Licensed

5.0

Google Rating

Is Refinancing Right for You?

Refinancing makes sense in many situations. Here are the most common reasons homeowners refinance:

Explore whether refinancing could lower your rate

Rates have dropped since you closed
Your credit score has improved
You want a lower monthly payment
You want to reduce total interest paid
You are switching from an ARM to fixed

Access Your Equity

Home value has increased significantly
Need funds for home improvements
Want to consolidate high-interest debt
Planning a major purchase or investment
Funding education or other goals

Change Your Loan

Shorten your loan term (30 to 15 yr)
Remove FHA mortgage insurance (MIP)
Switch from adjustable to fixed rate
Remove a co-borrower from the loan
Improve cash flow for retirement

Two Ways to Refinance Your Home

Rate-and-Term Refinance

The most common type of refinance

A rate-and-term refinance replaces your existing mortgage with a new one at a lower interest rate, a different loan term, or both. No cash is taken out of the home.

Lower your interest rate
Reduce your monthly payment
Shorten your loan term
Switch from ARM to fixed rate
Remove FHA mortgage insurance

Get a Rate Quote

Cash-Out Refinance

Turn your home equity into cash

A cash-out refinance lets you borrow more than you owe on your current mortgage and receive the difference in cash. Use it for home improvements, debt consolidation, or any major expense.

Access your home equity as cash
Fund home renovations or repairs
Consolidate high-interest debt
Pay for education or major expenses
Invest in real estate or other assets

Learn About Cash-Out

How the Refinance Process Works

Craig handles the entire process from start to finish. Most refinances close in 21-30 days.

Apply Online

Complete a quick application and share your goals with Craig

Craig Shops Lenders

We compare dozens of lenders to find your competitive rate option and terms

Request a Rate Lock

Choose your loan and lock in your rate to protect against market changes

Underwriting

The lender reviews your application, appraisal, and documents

Close

Sign your new loan documents; you may enjoy a lower payment, depending on your loan terms and costs

Why Refinance with Summit Lending Solutions?

Potentially Lower Your Monthly Payment

A refinance may reduce your monthly payment, depending on rate, term, costs and qualification.

Explore whether refinancing could lower your rate

A lower rate may reduce total interest over the life of your loan, depending on your loan terms.

Build Equity Faster

Shorten your loan term and pay off your home years sooner while saving on interest.

Fund Home Improvements

Use a cash-out refinance to renovate your home and increase its value.

Consolidate Debt

Pay off high-interest credit cards and loans with a lower-rate cash-out refinance.

Remove PMI or MIP

If your home has appreciated, refinancing can eliminate costly mortgage insurance.

      EXCELLENT  
   Based on 43 reviews 
    
 
 
 
   
 
 
       Posted on Google  
    Lauren Swindoll 
 
 
 
 Trustindex verifies that the original source of the review is Google. He made it so I didn’t have to worry or stress about buying a house. Everyone knows it’s tough and stressful to buy a house but Craig did such a good job on helping and doing everything so it was less stressful! He is kind and thoughtful and super fun to work with 100% approve and recommend!!!
  
 
      Posted on Google  
    jill frodsham 
 
 
 
 Trustindex verifies that the original source of the review is Google. We are grateful for the care and skill Summit Lending Solutions offered us as we negotiated buying our new home.  Craig was thoughtful and explained all the variations and detail of securing a home loan.  We felt we were working with a friend who understood our needs and limitations.
  
 
      Posted on Google  
    Leslie Mikolajczyk 
 
 
 
 Trustindex verifies that the original source of the review is Google. Being a first time home buyer, we found Summit Lending Solutions and did not regret it. Craig was beyond helpful, extremely knowledgeable, meticulous in all his paperwork and processes. I would highly recommend him! Great man to interact with and communication is top notch! Thank you Craig and I hope to do business with you again someday.
  
 
      Posted on Google  
    Kenny 
 
 
 
 Trustindex verifies that the original source of the review is Google. I contacted them because of multiple spam calls pretending to be from Summit Lending Solutions when indeed this is scammers who have nothing to do with this company which is very reputable - check other reviews. If you receive a spam/scam call pretending to be them, please do not contact them to complain, they get multiple calls through no fault of their own.
  
 
      Posted on Google  
    R H 
 
 
 
 Trustindex verifies that the original source of the review is Google. Craig Pribyl was an absolute rock star with our home loan!  His response time to our questions and concerns was impressive, even the Escrow officer was impressed!  Craig is very friendly and knowledgeable, which made the loan process a breeze.  We will definitely be calling Craig for any refi's or loans in future.  Thanks Craig, you're the best!
R & J
  
 
      Posted on Google  
    Tyler Himebauch 
 
 
 
 Trustindex verifies that the original source of the review is Google. I live here in Wyoming, I had been renting for a few years at this point and I have never bought a home before. I called Summit Lending Solutions LLC and was introduced to Craig. I didn’t know the first thing or what it took to buy a home. Craig was there to lead me through this process. I could tell by the first time I talked to him that I made an excellent choice on who to go through. Craig is very thorough, will let you know absolutely everything you’re going to need to go about this process. He helped my wife and I through every step and did everything he could to make the process easier. Craig always was in touch giving us updates and I never had a hard time getting ahold of him. If you go somewhere else other than to Craig you’re doing it all wrong! Craig will take care of you, make sure the process is as smooth as possible, and done as quickly as possible! If I could give him 10 stars I would because he did an amazing job!
  
 
      Posted on Google  
    Martin Dewett 
 
 
 
 Trustindex verifies that the original source of the review is Google. Craig is always very responsive and very good at his job.  I have enjoyed working with him.
  
 
      Posted on Google  
    pamela gorman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Craig is the MAN!!!! He is a Rockstar and if there is a path to get you financed he will find it and work his butt off for it. This was our second loan with him and if I ever needed another I would use him again.
  
 
      Posted on Google  
    John Beloit 
 
 
 
 Trustindex verifies that the original source of the review is Google. Craig goes right to work to get you the best mortgage options and rate in the market! I am a repeat customer and recommend him to everyone!

Refinance FAQs

How do I know if refinancing will save me money?

The general rule of thumb is that refinancing makes sense if you can Explore whether refinancing could lower your rate by at least 0.5-1% and you plan to stay in the home long enough to recoup the closing costs (typically 2-3 years). Craig will run a break-even analysis for your specific situation at no cost.

How long does a refinance take?

Most refinances close in 21-30 days. The timeline depends on how quickly you provide documentation, the appraisal turnaround, and the lender’s processing time. Craig works to keep things moving as fast as possible.

What are the costs of refinancing?

Refinance closing costs typically range from 2-5% of the loan amount and include appraisal fees, title insurance, origination fees, and prepaid items. Some lenders offer refinance with costs addressed through lender credits, loan financing when permitted, or a higher interest rates where the costs are rolled into the rate. Craig will provide a full Loan Estimate so you can compare options.

Can I refinance if I have an FHA or VA loan?

Yes! FHA loans can be refinanced through the FHA Streamline program with minimal documentation and no appraisal required. VA loans can be refinanced through the VA IRRRL (Interest Rate Reduction Refinance Loan) program. Both streamline options are fast and cost-effective.

What credit score do I need to refinance?

Most conventional refinances require a credit score of 620 or higher, with the competitive rate options available to borrowers with 740+. FHA and VA streamline refinances have more flexible credit requirements. Craig works with borrowers across a wide range of credit profiles.

Ready to Start Your Refinance?

Get a free, no-obligation refinance analysis from Craig Pribyl. Find out how much you could save.

Start My Refinance Cash-Out Refinance