651-659-9336 / 866-462-6466

Refinance Counseling

What is Refinance Counseling?

One-on-one refinance counseling sessions provide home owners with an opportunity to compare a current mortgage against a potential refinanced mortgage or second mortgage. Counselors take time to compare the terms with you, and to tell you what those changes will mean for your monthly finances – in real terms. Download the Refinance Counseling Overview (pdf)

Call (651) 659-9336 or (866) 462-6466 for help finding your local Refinance Counselor.

 Why Should I Go To Refinance Counseling?

Refinancing a mortgage is a major change.  With predatory lenders, the constant changes to the mortgage market and so many other changes in today’s market, refinance counselors are an unbiased third-party that can effectively evaluate a proposed mortgage refinance.  Make a decision for your best long-term interest. Visit with a refinance counselor before signing anything.

Is Refinance Counseling Required?

In Minnesota, if you have a “special mortgage” – a loan from a state, local or tribal government or nonprofit organization with payments that vary with income, zero or deferred interest or other unique conditions – state law requires you obtain a certificate from a qualified Refinance Counselor before refinancing your loan.

What Will a Refinance Counselor Need to See?

Download an overview of the Refinance Counseling Overview for a complete list of documents you should bring to a counseling session.

Qualified Refinance Counseling Agencies in Minnesota

Man's hand signing a contract

Counseling fees and coverage area vary by agency.
Please contact the agency for more information.

Anoka County Community Action Program

Arrowhead Economic Development Agency

Community Action Partnership of Hennepin County

Dakota County Community Development Agency

Headwaters Regional Development Commission

Kootasca Community Action Partnership

Neighborhood Development Alliance

Neighborworks Home Partners

One Roof Community Housing

PRG, Inc.

Southwest Minnesota Housing Partnership

Washington County HRA