Top mortgage refinancing providers in the year 2025
While refinance interest rates in 2025 may not be as attractive as during the pandemic, it could still be beneficial for some homeowners looking to pull cash out. In this guide, we've scrutinized several mortgage lenders to help you make the best decision for your refinancing needs in 2025.
Top mortgage refinance lenders
| | | || --- | --- | --- || Lender | Credit requirements | our website 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 |
Chase
Get more information * + Availability: All U.S. 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: Branch locations and online* ### Pros
LenderCredit requirements
Cons
our website Score
- Chase aces affordability, availability, and borrower experience, and we awarded it the our website Award for the best lender for refinancing in 2025. As the biggest bank in the U.S., it offers a variety of services out of thousands of branch locations, including aid with refinancing your mortgage through a rate-and-term or cash-out loan. The bank also makes it simple to compare current refinance rates right on its website, without the need for logging in or creating an account.
Chase
Bank of America
620 for conventional loans; 680 for jumbo loans; 640 for FHA loans and VA loans
Get more information * + Availability: All U.S. states + Loans offered: Conventional, jumbo, FHA, VA, refinancing + Credit requirements: 620 for conventional loans + Where to find: Branch locations and online* ### Pros
4.9
Cons
Bank of America620 for conventional loans
- Bank of America scores well for affordability, availability, and borrower experience. Its mortgage refinancing options include rate-and-term and cash-out refinancing, and its website hosts many resources for homeowners considering a refi, including a customizable rate tool and a home value estimator.
4.8
Better
Get more information * + Availability: All U.S. states + Loans offered: Conventional, FHA, VA, refinancing + Credit requirements: 620 for conventional loans and VA loans; 580 for FHA loans + Where to find: Online* ### Pros
Better620 for conventional loans and VA loans; 580 for FHA loans
Cons
4.8
- Better scores well for affordability, availability, and borrower experience. This online-only lender works with borrowers on rate-and-term, cash-out, and streamline (FHA and VA) refinances, and allows you to personalize its current ref rate offers on its website. If you're a repeat customer, you won't pay a lender fee to refinance.
Navy Federal Credit Union
Navy Federal Credit Union
Undisclosed
Get more information * + Availability: All U.S. states + Loans offered: Conventional, jumbo, VA, refinancing + Credit requirements: Undisclosed + Where to find: Branch locations and online* ### Pros
4.8
Cons
PenFed Credit Union650 for conventional loans; 700 for jumbo loans; 620 for FHA loans
- Navy Federal Credit Union scores well for affordability, availability, and borrower experience. It specializes in VA loans, but also offers conventional refinancing plus a rate match guarantee if you find a lower rate elsewhere. In addition, the credit union allows you to refinance into a 5/5 adjustable-rate mortgage — which can save you money for the first five years — if you qualify.
4.8
PenFed Credit Union
Get more information * + Availability: All U.S. 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: Branch locations and online* ### Pros
PNC Bank620 for conventional loans, jumbo loans and FHA loans; 640 for USDA loans
Cons
4.8
- PenFed Credit Union scores well for affordability, availability, and borrower experience, and its refinance options include rate-and-term, cash-out, and the VA streamline, or Interest Rate Reduction Refinance Loan (IRRRL). Notably, you won't pay lender fees on IRRRLs.
SoFi
PNC Bank
620 for conventional loans; 600 for FHA loans and VA loans
Get more information * + Availability: All U.S. 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: Branch locations and online* ### Pros
4.8
Cons
- PNC Bank scores well for affordability, availability, and borrower experience. Conveniently, you can view the bank's current refinance rates on its website, as well as utilize its calculator to help you estimate potential refi savings. Additionally, although you're refinancing, you might still be eligible for the bank's closing cost grant.
SoFi
Get more information * + Availability: All U.S. 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 everywhere except Hawaii, and offers refinances everywhere except Hawaii and New York.** ### Pros
Cons
- SoFi scores well for affordability, availability, and borrower experience, with mortgage refinance options like rate-and-term and cash-out. If you're a SoFi member, you could receive a $500 discount on refi fees as well.
How to select the best refinance lender for you
- Compare your current lender to others. You don't need to go back to the bank or lender you initially worked with, but it could make sense to revisit if you can get a discount on refinance fees. In general, it's best to compare refinance rates and fees from at least three lenders, considering each lender's credit score, equity, and other requirements and how those might apply to your circumstances.
- Understand the fees. As you compare lenders, you might come across some that charge a flat fee for refinances, potentially leading to additional savings depending on the loan amount and any other fees. Other lenders offer no-closing cost refinances, allowing you to finance these fees with the new loan instead of paying them upfront. While this can be appealing if you don't have the savings, you'll pay a higher interest rate in exchange for it.
- Beware of high-pressure sales tactics. While loan officers are required to confirm your ability to repay, some might apply pressure to refinance even if it isn't financially advantageous for you. A reputable loan officer should help you do the math and decide whether refinancing makes sense for your situation.
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 website periodically evaluates more than 75 lenders for factors related to affordability, availability, and borrower experience, assigning each a website Score out of five stars. The best mortgage refinance lenders typically have a website Score of 4.8 stars or higher. Learn more about our methodology.
- To find the best mortgage refinance lender in 2025, you might consider Chase, Bank of America, Better, Navy Federal Credit Union, PenFed Credit Union, PNC Bank, or SoFi. These lenders have impressive scores for affordability, availability, and borrower experience.
- Personal-finance considerations, such as credit rating and financial circumstances, should be taken into account when choosing a mortgage refinance lender. For instance, Chase has a low credit requirement of 620 for conventional loans, while SoFi has a lower requirement of 600 for FHA and VA loans. Business-owners and homeowners with specific needs may also find that some lenders, like Navy Federal Credit Union, specialize in accommodating unique situations.
