Leading mortgage refinancing companies of the year 2025
Refinancing your home loan might still be a good move for some homeowners seeking to tap equity despite less favorable interest rates compared to the pandemic period. We've curated a guide to the top mortgage refinance lenders in 2025, after reviewing numerous mortgage providers in key areas. Let's dive into our list:
Top Mortgage Refinance Lenders in 2025
| | | || --- | --- | --- || Lender | Credit Requirements | Our Rating || Chase | 620 for conventional loans, 680 for jumbo loans, 640 for FHA loans, and VA loans | A || Bank of America | 620 for conventional loans | B+ || Better | 620 for conventional loans and VA loans, 580 for FHA loans | B+ || Navy Federal Credit Union | Varies | B+ || PenFed Credit Union | 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans | B || PNC Bank | 620 for conventional loans, jumbo loans, and FHA loans; 640 for USDA loans | B || SoFi | 620 for conventional loans, 600 for FHA loans, and VA loans | B |
Chase
Learn more: +
Lender
- Availability: All 50 states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Credit requirements: 620 for conventional loans, 680 for jumbo loans, 640 for FHA loans, and VA loans
- Where to find: Branches and online
Credit requirements
Pros
our website Score
- Large network with over 4,700 branches nationwide
- Existing Chase customers may get rate discounts
- Offers a closing guarantee of up to $5,000
Cons
Chase
- May not fit unique credit or financial circumstances of certain borrowers
- Branches are not available in all states
- Chase tops the list for affordability, availability, and borrower experience, earning our Award for best lender for refinancing in 2025. As the largest bank in the U.S., it offers a range of services through thousands of branch locations, including assistance with mortgage refinancing via rate-and-term or cash-out loans. The bank also provides an easy way to compare refi rates on its website without the need for logging in or creating an account.
620 for conventional loans; 680 for jumbo loans; 640 for FHA loans and VA loans
Bank of America
4.9
Learn more: +
- Availability: All 50 states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Credit requirements: 620 for conventional loans
- Where to find: Branches and online
Bank of America
Pros
620 for conventional loans
- Offers grant programs to help low- and moderate-income buyers
- Rates and other loan details readily available on the website
- Awards discounts for Preferred Rewards customers
4.8
Cons
- Limited transparency around borrower requirements
- Does not offer USDA loans
- Bank of America excels in affordability, availability, and borrower experience. Its mortgage refinancing options include rate-and-term and cash-out refinancing, and its website offers resources like a personalized rate tool and a home value estimator for homeowners considering a refi.
Better
Better
620 for conventional loans and VA loans; 580 for FHA loans
Learn more: +
4.8
- Availability: All 50 states
- Loans offered: Conventional, FHA, VA, refinancing
- Credit requirements: 620 for conventional and VA loans, 580 for FHA loans
- Where to find: Online
Pros
Navy Federal Credit Union
- Primarily an online lender, with real-time online rates, three-minute preapprovals, and hybrid closings
- One Day Mortgage for approval in 24 hours for eligible borrowers
- Price Guarantee that matches or beats competitor offers
Undisclosed
Cons
4.8
- Branch locations are only available in 10 states
- Does not offer USDA loans
- Better shines in affordability, availability, and borrower experience. This online-only lender caters to rate-and-term, cash-out, and streamline refinances (FHA and VA), and allows you to customize its current ref rate offers on its website. If you're a returning customer, no lender fee for refinancing.
Navy Federal Credit Union
PenFed Credit Union
Learn more: +
650 for conventional loans; 700 for jumbo loans; 620 for FHA loans
- Availability: All 50 states
- Loans offered: Conventional, jumbo, VA, refinancing
- Credit requirements: Undisclosed
- Where to find: Branches and online
4.8
Pros
- Allows up to two rate locks
- Provides rate-match guarantee or pays $1,000
PNC Bank
Cons
620 for conventional loans, jumbo loans and FHA loans; 640 for USDA loans
- Membership is required
- No FHA or USDA loans
- Navy Federal Credit Union stands out in affordability, availability, and borrower experience, specializing in VA loans but also offering conventional refinancing, as well as a rate match guarantee if you find a lower rate elsewhere. It also allows you to refinance into a 5/5 adjustable-rate mortgage, which can help you save money for the first five years if you qualify.
4.8
PenFed Credit Union
Learn more: +
SoFi
- Availability: All 50 states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Credit requirements: 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans
- Where to find: Branches and online
620 for conventional loans; 600 for FHA loans and VA loans
Pros
4.8
- Competitive rates
- Convenience of managing banking and mortgage with one provider
Cons
- No ability to customize rates online
- Higher minimum credit score requirements
- No USDA loans
- PenFed Credit Union scores well in affordability, availability, and borrower experience, offering options for rate-and-term, cash-out, and the VA streamline, or Interest Rate Reduction Refinance Loan (IRRRL). Notably, no lender fees on IRRRLs.
PNC Bank
Learn more: +
- Availability: All 50 states
- Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing
- Credit requirements: 620 for conventional loans, jumbo loans, and FHA loans, 640 for USDA loans
- Where to find: Branches and online
Pros
- Online and in-person options to apply
- Application tracking available online
- Wide availability with many loan options
Cons
- Higher credit minimum on FHA loans
- Limited mobile app functionality
- Below-average J.D. Power rating for mortgage servicing
- PNC Bank excels in affordability, availability, and borrower experience. Its refinance options include rate-and-term, cash-out, and the USDA streamlined refinance. You can also review current refi rates on its website, as well as take advantage of its calculator to estimate possible refi savings. In addition, you might still be eligible for the bank's closing cost grant while refinancing.
SoFi
Learn more: +* Availability: All states except Hawaii and New York* Loans offered: Conventional, jumbo, FHA, VA, refinancing* Credit requirements: 620 for conventional loans, 600 for FHA loans, and VA loans* Where to find: Online* SoFi offers mortgages in all states except Hawaii and New York, and refinances in all states except Hawaii and New York.
Pros
- Close on time or receive up to $10,000 to cover additional costs
- Option for up to $9,500 rebate if you work with a SoFi partner real estate agent
Cons
- Does not offer USDA loans
- No branch locations (all online or app-based)
- SoFi shines in affordability, availability, and borrower experience, with mortgage refinance options like rate-and-term and cash-out. If you're a SoFi member, you could get a $500 discount on refi fees, too.
Choosing the Best Refinance Lender for You
- Compare your current lender to others. There's no need to revisit the bank or lender you initially worked with, but compare refinance rates and fees from at least three lenders. Consider each lender's requirements and how they may apply to your specific circumstances.
- Fee comprehension. As you compare lenders, be aware of flat fees for refinances, which can save money if you're borrowing a significant amount or have no upfront fees to pay.
- Be wary of high-pressure tactics. While loan officers need to confirm your ability to repay, avoid lenders that put too much pressure on you to refinance even if it isn't financially advantageous for you. A reputable loan officer will help you calculate the potential benefits and enforce your best interest.
Additional Mortgage Refinance Resources
- Refinance breakeven calculator
- Reasons to refinance your mortgage
- How much does it cost to refinance?
To determine the best mortgage refinance lenders, our site periodically evaluates over 75 lenders based on factors affecting affordability, availability, and borrower experience. The best mortgage refinance lenders typically have a score of 4.8 stars or higher in our evaluation. Learn more about our methodology.
Here are two sentences that use the given words and follow from the provided text:
- If you are looking for personal finance advice on optimizing your financial situation through refinancing, consider seeking assistance from Chase, the best lender for refinancing in 2025 according to NerdWallet, and compare their mortgage refinance options with other lenders in the market.
- To find a suitable lender for personal-finance management and refinancing, research the top mortgage refinance lenders in 2025 such as Chase, Bank of America, Better, Navy Federal Credit Union, PenFed Credit Union, and others listed in the NerdWallet review, and choose the one that best caters to your business requirements and credit situation.
