7 Best Mortgage Refinance Companies of 2025
- The most popular reason to refinance is to lower your current mortgage rate, but you can benefit in other ways. You can shorten or lengthen the term of your loan or do a cash-out refinance to use some of your home equity.
- According to data analytics firm Intercontinental Exchange (ICE), those who recently benefitted from refinancing in September and October of 2024 reduced monthly payments by an average of $320.
- You should review your financial goals to determine if a mortgage refinance is the best choice for you.
Our top picks for the best mortgage refinance companies of 2025
- The companies below are listed in alphabetical order:
- Bank of America – Best for Member Discounts
- Better – Best for Fast Closing Time
- loanDepot – Best for Online Mortgage Refinancing
- Nationwide – Best for Custom Loans
- Navy Federal Credit Union – Best Credit Union
- Rocket Mortgage – Best Refinance Lender Overall
- Zillow – Best Marketplace
Best mortgage refinance lenders
| Lender | Credit requirements | Bankrate Score |
| Chase | 620 for conventional loans; 680 for jumbo loans; 640 for FHA loans and VA loans | 4.9 |
| Bank of America | 620 for conventional loans | 4.8 |
| Better | 620 for conventional loans and VA loans; 580 for FHA loans | 4.8 |
| Navy Federal Credit Union | Undisclosed | 4.8 |
| PenFed Credit Union | 650 for conventional loans; 700 for jumbo loans; 620 for FHA loans | 4.8 |
| PNC Bank | 620 for conventional loans, jumbo loans and FHA loans; 640 for USDA loans | 4.8 |
| SoFi | 620 for conventional loans; 600 for FHA loans and VA loans | 4.8 |
Although refinance interest rates aren’t as favorable as they had been during the pandemic, refinancing might make sense today for some homeowners who want to pull out cash. We’ve made it easier for you to compare refinance offers by reviewing dozens of mortgage lenders in several key areas. Based on those benchmarks, here is our guide to the best mortgage refinance lenders in 2025.
Best mortgage refinance lenders
- Best for low rates: Better
- Best for online tools: Magnolia Bank
- Best for speedy closing: Rocket Mortgage
- Best for availability: PNC Bank
- Best credit union: PenFed Credit Union
- Best for VA loans: USAA
- Best for USDA loans: Pennymac
- Best for FHA loans: Movement Mortgage
- Best for jumbo loans: Chase Bank
- Best for e-closings: LoanDepot