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
Complete a quick application and share your goals with Craig
We compare dozens of lenders to find your competitive rate option and terms
Choose your loan and lock in your rate to protect against market changes
The lender reviews your application, appraisal, and documents
Sign your new loan documents and start enjoying your lower payment
Reduce your monthly mortgage payment and free up cash for other priorities.
Even a small rate reduction can save tens of thousands over the life of your loan.
Shorten your loan term and pay off your home years sooner while saving on interest.
Use a cash-out refinance to renovate your home and increase its value.
Pay off high-interest credit cards and loans with a lower-rate cash-out refinance.
If your home has appreciated, refinancing can eliminate costly mortgage insurance.
Leslie Mikolajczyk — 5-Star Google Review
“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.”
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.
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.
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.
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.
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.
