Top mortgage refinance institutions of the year 2025
Refinancing Your Home in 2025: Top Lenders and Insights
"Take control of your finances and find the perfect lender for your mortgage refinance."
While the good times of record-low refinance interest rates during the pandemic have ended, refinancing remains a viable option for homeowners eager to tap into their home equity. In this guide, we've made it simple for you to compare and choose from the best mortgage refinance lenders of 2025.
Top Mortgage Refinance Lenders
| | | || --- | --- | --- || Lender | Credit Requirements | Our Score || Chase | 620 - 680 (depending on loan type) | 4.9 || Bank of America | 620 (conventional loans) | 4.8 || Better | 620 (conventional loans) & 580 (FHA loans) | 4.8 || Navy Federal Credit Union | TBD | 4.8 || PenFed Credit Union | 650 (conventional loans), 700 (jumbo loans), 620 (FHA loans) | 4.8 || PNC Bank | 620 (conventional, jumbo, FHA loans) & 640 (USDA loans) | 4.8 || SoFi | 620 (conventional loans), 600 (FHA & VA loans) | 4.8 |
Lender
Chase: #1 Refinance Lender
Credit requirements
- Key Features
- Widely available across all U.S. states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- $5,000 closing guarantee
- Thousands of branch locations for personal service
- Discounts for existing Chase customers
- High affordability, availability, and borrower experience ratings
- Not ideal for borrowers with unique credit or financial circumstancesChase
- Limited availability in some states
Cons
Pros
our website Score
Chase takes the top spot for the best refinance lenders, owing to its high affordability, availability, and borrower experience ratings. As the largest bank in the U.S., Chase offers a broad range of services through thousands of branch locations. Check out refinance rates on their website without needing to log in or create an account.
620 for conventional loans; 680 for jumbo loans; 640 for FHA loans and VA loans
Bank of America: Affordable Options for All
4.9
- Key Features
- All U.S. states covered
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Grants for low- and moderate-income buyers
- Displays rates online for easy comparison
- Preferred Rewards customer discounts
- Strong ratings in affordability, availability, and borrower experience
- Below-average transparency on borrower requirements620 for conventional loans
- No USDA loans offered
Cons
Bank of America
Pros
Bank of America is another strong contender, given its affordability, availability, and borrower experience ratings. The bank's website hosts various resources for homeowners considering refinancing, including a customizable rate tool and a home value estimator.
4.8
Better: The Online Refinance Game Changer
- Key Features
- 100% online mortgage services
- Loans offered: Conventional, FHA, VA, refinancing
- Real-time online rates, three-minute preapprovals, and hybrid closings
- In-app and online services for a streamlined refinance experience
- Price Guarantee matches or beats competitor offers
- Returning customers won't pay a lender fee on refinances
- Limited physical branch presence (10 states only)4.8
- No USDA loans offered
Cons
620 for conventional loans and VA loans; 580 for FHA loans
Pros
Better
Better stands out as an online-only lender that simplifies the refinance process with easy-to-understand rates, online tools, and fast approvals. Their hybrid closings make it possible to close your loan in as little as 24 hours for eligible borrowers.
Navy Federal Credit Union: Member Exclusives
Navy Federal Credit Union
- Key Features
- All U.S. states covered
- Loans offered: Conventional, jumbo, VA, refinancing
- Rate match guarantee
- Exclusive membership benefits for military and their families
- Allows up to two rate relocks
- Competitive rates and strong ratings
- Membership required
- No FHA or USDA loans offered
Cons
4.8
Pros
Undisclosed
Navy Federal Credit Union is hugely popular among the military community, offering competitive rates, a rate match guarantee, and excellent member service. Their refinance options are primarily geared towards VA loans, but they do also offer conventional refinancing and a rate match guarantee if you find a lower rate elsewhere.
PenFed Credit Union
PenFed Credit Union: A Lot More Than Banking
650 for conventional loans; 700 for jumbo loans; 620 for FHA loans
- Key Features
- All U.S. states covered
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Convenience of managing all finances with one provider
- Competitive refinance rates and a wide range of loans
- Fee rebates and price guarantees for returning customers
- High ratings for affordability, availability, and borrower experience
- No ability to customize rates onlinePNC Bank
- Higher minimum credit score requirements compared to other lenders
- No USDA loans offered
Cons
Pros
4.8
PenFed Credit Union rounds out our top 5 refinance lenders for 2025. They offer conventional, jumbo, FHA, VA refinances and a competitive range of rates. As a credit union, they also provide additional benefits to their members such as fee rebates and price guarantees.
620 for conventional loans, jumbo loans and FHA loans; 640 for USDA loans
PNC Bank: Give Your Wallet a Break
4.8
- Key Features
- All U.S. states covered
- Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing
- Closing cost grants available depending on eligibility
- Online and in-person application options
- Can track your application online
- Wide availability and multiple loan options
- Higher credit requirement for FHA loans620 for conventional loans; 600 for FHA loans and VA loans
- Below-average mobile app functionality
- Lower-than-average J.D. Power rating for mortgage servicing
Cons
SoFi
Pros
PNC Bank is another great choice for refinancing your home. They offer a wide range of mortgage options, convenient online and in-person applications, and priority access to refinance rates and tools on their website. PNC Bank is a solid option if you're looking for a refinance lender that offers USDA loans.
4.8
SoFi: Online Mortgage Services With a Twist
- Key Features
- All U.S. states covered (except Hawaii and New York)
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Up to $10,000 closing cost assistance and up to $9,500 rebate via SoFi real estate partner agents
- Personalized rate quotes based on individual factors
- Streamlined, completely online mortgage process
- Closing on time guarantee or up to $10,000 to cover additional costs
- No branch locations (entire process is online)
- No USDA loans offered
Cons
Pros
SoFi is an innovative online mortgage lender that provides its members with competitive rates, an easy-to-understand process, and a focus on customer service. SoFi members could also benefit from a $500 discount on refinance fees.
Choosing the Best Refinance Lender for You
Now that you've familiarized yourself with the top refinance lenders in 2025, follow these steps to choose the best lender for your situation:
- Compare multiple lenders: Refinance rates and fees from at least three lenders, considering their requirements and their relevance to your financial circumstances.
- Understand the fees: Be aware of fees such as closing costs, origination fees, appraisal fees, and underwriting fees. Some lenders offer no-closing-cost refinances, where you can finance these fees with your new loan instead of paying them upfront.
- Be wary of the hard sell: Never feel pressured to refinance by a loan officer. A reputable loan officer will help you evaluate if refinancing is the right move for you financially.
Additional Mortgage Refinance Resources
- Refinance breakeven calculator
- Reasons to refinance your mortgage
- How much does it cost to refinance?
- Learn more about our methodology for evaluating mortgage refinance lenders
By considering these factors and conducting thorough research, you're equipping yourself to make an informed decision when choosing a mortgage refinance lender. Good luck on your refinance journey, and remember, always prioritize finding the best fit for your unique financial circumstances.
"Take your personal-finance and business decisions into account while choosing a mortgage refinance lender, as various lenders offer flexible credit requirements for conventional and FHA loans."
"Significant savings and increased financial flexibility can be achieved by carefully considering factors such as affordability, availability, borrower experience, and fees when comparing mortgage refinance lenders for your refinance journey in 2025."
