Is Tomo Mortgage Refinance the right fit for you?
Last Updated: 07/07/2026
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Highlights
Credit Score Range
Starting at 580
Amount Range
$50,000 - $3,000,000
Loan Term (Years)
10 - 30
Tomo Mortgage Refinance Review
Tomo Mortgage Refinance is offered by Tomo Mortgage, LLC (NMLS #2059741), a nonbank financial services provider founded in 2020 and based in New York, NY. TomoMortgage are available in 40 states and Washington, DC.
Key Takeaways
- No origination fees. Tomo Mortgage Refinance does not charge fees for processing your application.
- Wide selection of mortgage programs offered. Tomo Mortgage Refinance refinances FHA, VA, jumbo, conforming, and conventional mortgages.
- Financing for single-family and multi-family properties. However, Tomo Mortgage, LLC does not offer financing for manufactured homes.
- Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with Tomo Mortgage Refinance.
- Standard interest rates types. Tomo Mortgage Refinance offers adjustable-rate mortgages and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Tomo Mortgage Refinance.
- Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for Tomo Mortgage Refinance.
Tomo Mortgage Refinance Pros & Cons
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Tomo Mortgage Refinance FAQ
What range of mortgage balances will TomoMortgage refinance?
Mortgage refinancing loans start at $50,000 and go up to $3,000,000
What is the maximum loan term for a mortgage refinance via TomoMortgage?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Tomo Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.
How long does TomoMortgage take to refinance?
TomoMortgage does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does TomoMortgage charge a mortgage origination fee?
No, Tomo Mortgage Refinance does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does TomoMortgage charge prepayment fees?
No, Tomo Mortgage Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs does TomoMortgage offer?
Tomo Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does TomoMortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Tomo Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday9:00AM - 6:00PMMonday8:00AM - 9:00PMTuesday8:00AM - 9:00PMWednesday8:00AM - 9:00PMThursday8:00AM - 9:00PMFriday8:00AM - 9:00PMSaturday9:00AM - 6:00PM
Other Services by Tomo Mortgage, LLC
Home Mortgage Loans
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