Thinking about refinancing your mortgage in 2025? It can feel like a big decision, and there are a lot of companies out there offering their services. We've looked into some of the best mortgage refinance companies to help you figure out which one might be the right fit for what you need. It's not just about finding the lowest rate, though that's important. You also want a company that makes the process easy and treats you right. Let's check out some of the top contenders.

Key Takeaways

• Rocket Mortgage is often praised for its customer service and easy-to-use online platform.
• CrossCountry Mortgage is noted for potentially offering competitive rates and quick closing times.
• New American Funding is mentioned for its focus on providing low rates to borrowers.
• Navy Federal Credit Union is a strong option for military members and their families.
• When choosing a refinance company, consider your personal financial goals, the rates offered, and the overall customer experience.

1. Rocket Mortgage Refinance by Quicken Loans

Rocket Mortgage, often known by its parent company Quicken Loans, is a big name in the mortgage world, and for good reason. They've really made a name for themselves by focusing on a super streamlined, digital process. If you're looking to refinance, they're definitely a top contender to check out. They've consistently ranked high in customer satisfaction surveys, which tells you a lot about how they treat their clients.

One of the standout features for refinancers is their "YOURgage" loan option. This lets you pick pretty much any loan term between 8 and 29 years, instead of being stuck with standard 15 or 30-year options. This is pretty neat because if you've already paid down some of your original mortgage, you can refinance into a term that matches what's left, avoiding starting a whole new 30-year clock. It's a smart way to potentially save on interest over the life of the loan.

Here’s a quick look at what they offer:

• Customizable Loan Terms: Pick a term from 8 to 29 years with YOURgage, or stick to traditional 15 or 30-year options.
• Digital Experience: Apply, upload documents, and manage your loan all online.
• Wide Range of Loan Types: They offer conventional, jumbo, FHA, and VA refinance loans.
• Customer Service: Available seven days a week, which is pretty convenient.

They also have a pretty good track record. For instance, they were recognized in J.D. Power's U.S. Mortgage rankings. It's always good to see a company getting positive nods from places that study customer satisfaction.

While Rocket Mortgage excels in its online convenience and flexible loan terms, it's worth noting they don't offer USDA loans or Home Equity Lines of Credit (HELOCs). If those are specific needs, you might need to look elsewhere. However, for a straightforward refinance with a focus on digital tools and customizable terms, they are a strong choice.

Getting started with Rocket Mortgage is pretty simple. You can begin the application process right on their website. They even have a reputation for quick pre-approvals, sometimes in as little as eight minutes. For many people, refinancing with Rocket Mortgage is a smooth and efficient process, especially if you appreciate a tech-forward approach to your finances.

2. CrossCountry Mortgage

CrossCountry Mortgage really stands out when you're looking for a refinance option, especially if you're hoping to get things done quickly. They've been recognized for having a great overall rate and are known for closing loans surprisingly fast, sometimes in as little as 10 days. That's a big deal if you're trying to lock in a lower rate before the market shifts.

They offer a pretty wide range of refinance loans, including standard rate and term, FHA, VA, and even cash-out options. What's also good is that they seem to have flexible credit score requirements. While some loan types might need a higher score, they do have options for borrowers with scores as low as 500 or 580, depending on the specific product. This makes them a solid choice for a lot of different people.

Here's a quick look at what they offer:

• Loan Types: Rate and term, FHA, VA, USDA, cash-out, renovation loans, and HELOCs.
• Rate Options: Both fixed and adjustable rates are available.
• Closing Speed: Can close in as little as 10 days.
• Credit Score Flexibility: Minimum scores can be as low as 500 for certain loan products.
• Availability: They operate in all 50 states, plus Washington D.C. and Puerto Rico.

One thing to note is that they don't show sample rates or detailed fee information directly on their website, so you'll need to connect with them to get those specifics. But if speed and a variety of loan options are high on your list, CrossCountry Mortgage is definitely worth a closer look.

When you're comparing refinance companies, it's easy to get caught up in just the advertised interest rate. But remember to also ask about all the fees involved and how long the whole process is expected to take. Sometimes a slightly higher rate with fewer fees and a faster closing can end up being a better deal overall.

3. New American Funding

New American Funding is a company that offers a variety of mortgage refinance options. They often advertise competitive rates, and they have a reputation for being able to work with borrowers who have lower credit scores, sometimes accepting scores as low as 500 for certain loan types. This can be a big deal if you're trying to improve your financial situation.

One of the things that stands out is their speed. They claim you can get approved in as little as five minutes, and funding can happen in about five business days, assuming everything goes smoothly with remote closings. That's pretty quick compared to the usual wait times.

Here's a quick look at what they offer:

• Refinance Loans: They handle rate and term refinances, cash-out options, and streamline refinances for FHA and VA loans.
• Low Credit Score Options: They often work with credit scores starting around 580, but some products might go even lower.
• Fast Closing: They aim for a quick turnaround, sometimes as fast as five business days.

While New American Funding can be a good choice for those seeking lower rates or needing to refinance with a less-than-perfect credit score, it's important to be aware of customer feedback. Some borrowers have reported issues with their business practices, and there have been concerns about loans being sold to other companies. It's always a good idea to do your homework and read reviews before committing.

They also mention that their HELOC loan rates are typically lower than the national average. If you're looking for a lender that might be more flexible on credit requirements and aims for a speedy process, New American Funding is worth a look, but definitely weigh the pros and cons carefully.

4. Navy Federal Credit Union

Navy Federal Credit Union is a solid choice if you're part of the military community or have family ties to it. They really focus on serving service members, veterans, and their families, which means they understand the unique needs that come with that lifestyle. Their rate-match guarantee is pretty impressive, offering up to $1,000 if you find a better rate elsewhere. If they can't match it, they'll put the money in your Navy Federal account. That's a nice bit of peace of mind.

They offer a good range of mortgage refinance options, including fixed and adjustable rates, conventional loans, and especially VA loans. For those who have already used their VA benefit, they have a special Military Choice loan. Plus, they have options that don't require a down payment and even some that skip private mortgage insurance (PMI) if you have enough equity.

Here's a quick look at what they offer:

• Loan Types: Conventional, VA, Jumbo, ARMs, Home Equity Loans, and specialty loans like the Military Choice loan.
• Down Payment: As low as 0% for VA loans and 3-5% for some conventional loans.
• Membership Requirement: You or an immediate family member must be affiliated with the military (active duty, veteran, retired, etc.) or DoD.
• Rate-Match Guarantee: Up to $1,000 incentive.

It's worth noting that FHA and USDA loans aren't on their menu, and you do need to qualify for membership. But if you do, their customer service hours are quite extensive, which is always a plus when dealing with something as big as a mortgage.

If you're looking for a lender that truly caters to the military community and offers a strong incentive to ensure you get a competitive rate, Navy Federal Credit Union is definitely worth a close look. Their focus on this specific group means they often have tailored solutions that other lenders might not.

5. Third Federal Savings and Loan Mortgage

Third Federal Savings and Loan is a lender that really focuses on keeping your costs down when you refinance. Based on some data we looked at, their average mortgage rates tend to be on the lower side compared to other places. This could mean saving you some money over the life of your loan.

They also have a specific product called a "Low Cost Mortgage." With this option, you're looking at just $495 in closing costs. If you're trying to avoid paying a big chunk of cash upfront when you refinance, this could be a pretty good deal. Just keep in mind that to make up for covering those costs, they might charge a slightly higher interest rate. It's a trade-off to consider.

Here's a quick look at what they offer:

• Low average rates: Generally competitive pricing.
• Low closing costs option: The "Low Cost Mortgage" product is a standout for minimizing upfront expenses.
• Services all its loans: They handle the loans they originate themselves, which can sometimes mean a more consistent customer experience.

However, there are some limitations to be aware of. Third Federal's mortgage services aren't available everywhere. They currently operate in 22 states and Washington, D.C. So, the first thing you'll want to do is check if your state is on their list.

While Third Federal doesn't list a minimum credit score requirement, it's generally a good idea to have a score of at least 620 for conventional mortgages. This helps improve your chances of getting approved and securing better terms.

They also don't offer government-backed loans like FHA or VA loans, which might be a dealbreaker if you were specifically looking for those options. If you're in one of their service areas and looking for a straightforward refinance with potentially lower upfront costs, Third Federal is definitely worth a look.

6. Pentagon Federal Credit Union Mortgage

Pentagon Federal Credit Union, or PenFed, is a solid choice if you're looking to refinance, especially if you're a veteran. They were actually recognized as the Best Overall Mortgage Lender for 2025, which is pretty neat. PenFed often stands out because they tend to have lower average fees compared to many other lenders. This can add up to some real savings when you're refinancing.

One of the big perks for eligible borrowers is that PenFed covers certain closing costs on VA streamline refinances, also known as IRRRLs. This can include things like the VA funding fee, title fees, and appraisal costs. They might even waive origination fees, depending on the refinance type. It's definitely worth looking into if you're a veteran wanting to reduce your mortgage costs.

Here's a quick look at what they offer:

• Membership Requirement: To get a mortgage with PenFed, you'll need to become a member. The good news is it's pretty straightforward. You just open a savings account with a small deposit, like $5.
• Geographic Reach: They offer mortgages in all 50 states, plus Washington D.C., Puerto Rico, Guam, and even Okinawa.
• VA Loan Focus: PenFed is particularly good for VA loan borrowers, especially for refinancing. They have low fees and cover closing costs on IRRRLs.

While PenFed offers competitive rates and fee structures, remember that membership is a prerequisite. Fortunately, becoming a member is designed to be simple, usually involving just opening a savings account with a minimal deposit. This requirement is common among credit unions, as they are member-owned institutions.

For conventional loans, PenFed generally looks for a credit score of 650 or higher, and for VA loans, it can be as low as 620. They also offer low and no down payment options for VA loans, which is a big plus for many service members and veterans. If you're already a member or eligible to become one, PenFed is a strong contender for your refinance needs. You can find out more about their mortgage options on their website.

7. U.S. Bank Mortgage Refinance

U.S. Bank is a solid option if you're looking to refinance, especially if you're already a customer. They offer a discount for existing clients, which can shave a bit off your closing costs, sometimes up to $1,000. That's a nice perk that not all lenders provide. Plus, their average fees tend to be on the lower side, which is always good to see.

When you're thinking about refinancing, there are a few main paths you can take. The most common is a rate-and-term refinance, where you basically swap your old loan for a new one with a different interest rate or a different length of time to pay it back. This can lower your monthly payment, though sometimes stretching out the loan means you'll pay more interest over the long haul. Then there's the cash-out refinance. This lets you tap into the equity you've built up in your home, giving you a lump sum of cash. Just remember, rates on cash-out refinances are usually a little higher than on standard rate-and-term ones.

Here are some common refinance types:

• Rate-and-Term Refinance: A straightforward swap for a new rate or term.
• Cash-Out Refinance: Access your home equity for extra cash.
• FHA Streamline Refinance: For existing FHA loans, often with simpler requirements.
• VA Interest Rate Reduction Refinance Loan (IRRRL): For existing VA loans, to get a better rate or term.

While U.S. Bank has a good reputation and generally positive customer reviews, it's worth noting that they didn't score as high in some industry satisfaction studies. However, they do offer home loans in all 50 states and have branches in many of them, which can be convenient if you like in-person banking. They do require a credit score, so they aren't the best fit if you're looking for options that don't rely on traditional credit reporting. It's always a good idea to compare their rates and terms with other lenders to make sure you're getting the best deal for your situation. They've earned a five-star rating from NerdWallet for their home loans, which is a pretty good indicator of their performance.

Refinancing your mortgage means replacing your current loan with a new one. The goal is usually to get a better interest rate, a lower monthly payment, or to take cash out by using your home's equity. It's a big financial move, so doing your homework is key.

8. Carrington Mortgage Services

Carrington Mortgage Services is a company that offers a variety of refinancing options, and they're particularly known for being flexible when it comes to credit history. If you've had some bumps in the road, like a bankruptcy or foreclosure, Carrington might be worth a look. They have a specific program, the Carrington Flexible Advantage Refinance, that can work with credit scores as low as 550 and accounts for recent negative credit events. This could be a good path for folks who thought refinancing was out of reach.

When you're looking at lenders, it's always smart to see what kind of loans they offer. Carrington provides conventional, cash-out, FHA, and VA loans, which covers a lot of bases for homeowners. They also have that special "Flexible Advantage" option we just talked about.

Here's a quick rundown of what they offer:

• Variety of refinance options: Including their specialized Flexible Advantage Refinance.
• Flexible credit guidelines: Potentially accommodating lower credit scores and past financial difficulties.
• Digital solutions: They provide online tools for the application and management process.

It's important to note that Carrington doesn't lend in every state, so you'll want to check if they operate where you are. Also, some data suggests their rates and fees might be a bit higher than the average, which is something to consider when comparing offers. They also have had some past issues with the Better Business Bureau and faced fines from the Consumer Financial Protection Bureau regarding CARES Act rights. It's always a good idea to check out Carrington reviews to get a fuller picture.

While Carrington aims to be accessible for those with less-than-perfect credit, it's wise to compare their specific rates and fees against other lenders. Understanding the total cost of your refinance, including all charges, is key to making a sound financial decision.

9. Truist

Truist is a solid choice if you're looking to refinance, especially if you're already a customer or live in the Mid-Atlantic region. They have a pretty good presence there, with local loan officers who can actually help you out in person. That's a nice touch in today's mostly online world.

They offer a decent range of loan types, including conventional, jumbo, FHA, and VA loans. If you're a doctor or looking at a construction-to-permanent loan, they've got you covered there too. Their mortgage rates are generally reported as being a bit lower than the national average, which is always a good thing when you're trying to save money.

Here's a quick look at what they offer:

• Loan Types: Conventional, FHA, VA, Jumbo, ARM, Doctor Loans, Construction-to-Permanent.
• Minimum Credit Score: Typically around 620.
• Closing Time: Expect it to take about 30 to 45 days.
• Availability: They operate in most of the eastern and southern U.S., but you won't find them in Alaska, Hawaii, or Arizona, and their presence west of the Mississippi is limited.

If you're an existing Truist banking customer, you might get some perks like faster processing, which can be a real time-saver.

One thing to keep in mind is their geographic limitations. If you're not near one of their branches or in one of the states they serve, it might be harder to get the hands-on help they're known for. It's worth checking if they operate in your specific area before getting too far into the process.

10. PenFed Credit Union

PenFed Credit Union is a solid choice if you're looking to refinance, especially if you're a veteran. They tend to have lower-than-average interest rates and are known for keeping lender fees pretty reasonable. One of their big draws is covering certain closing costs on VA streamline refinances, which can really add up. That means things like the VA funding fee, appraisal, and title fees might be on them, saving you a good chunk of change.

Getting a mortgage with PenFed means you'll need to become a member first. It's not too complicated, though; you just open a savings account with a small deposit, like $5. They offer mortgages in all 50 states, plus some U.S. territories.

Here’s a quick look at what they offer:

• VA Loans: They're particularly good for VA streamline refinances (IRRRLs), often waiving closing costs.
• Conventional Loans: Available for those who qualify.
• Jumbo Loans: For higher loan amounts.

They generally require a credit score of at least 650 for conventional and VA loans, and 700 for jumbo loans. Closing usually takes around 35 days, though sometimes it can be quicker. If you're a current member or a veteran looking for a refinance with potentially fewer fees, PenFed is definitely worth checking out. You can find more details about their mortgage offerings on NerdWallet's rating.

While membership is required, the process is straightforward and opens the door to potentially significant savings on refinance closing costs, especially for VA borrowers. Their commitment to keeping rates competitive and fees low makes them a strong contender.

11. Bank of America

Bank of America is a huge name in banking, and they also do mortgages. If you're already a customer, refinancing with them might feel pretty straightforward. They've got a big presence, so you can apply online or even pop into a branch if you're in one of the 38 states where they have them.

They offer a discount on origination fees if you're part of their Preferred Rewards program and have a decent amount of money in your Bank of America accounts. That's a nice perk if you're already banking with them. They also consider things like your rent and utility payments when looking at your credit, which can be helpful if your credit score isn't perfect.

Here's a quick look at what they offer:

• Loan Types: They have conventional, jumbo, fixed-rate, and adjustable-rate mortgages. They also offer FHA and VA loans, but only if you already have a mortgage with them. They don't do USDA loans, though.
• Minimum Credit Score: Generally, you'll need a credit score of at least 620.
• Closing Time: Expect the process to take about 30 to 45 days, which is pretty standard.

One thing to keep in mind is that while they have a lot of branches, they aren't everywhere. If you're looking for a USDA loan, you'll need to look elsewhere. Also, getting a preapproval letter can take about 10 days, so it's not the fastest option if you're in a rush.

Overall, Bank of America is a solid choice if you like the idea of sticking with a big bank and maybe getting a discount for being a loyal customer. It's good for people who want the option to apply online or in person.

12. Better.com

Better.com is a company that really leans into the online experience for refinancing. They aim to make the whole process pretty straightforward, which is nice if you're not looking to spend hours on the phone or in person.

Their digital platform is available 24/7, making it convenient for people who can't always connect during typical business hours. This accessibility is a big plus, especially if you're working late or need to get things done on a weekend. They often have competitive rates, sometimes even lower than the national average, which is definitely something to look into when you're comparing options. You can check out their mortgage rates to get a better idea.

Here's a quick look at what they offer:

• Loan Types: They handle conventional, cash-out refinances, FHA, and VA loans. Just a heads-up, they don't offer USDA mortgages.
• Minimum Credit Score: Generally, you'll need a credit score of at least 620.
• Closing Time: On average, it takes about 32 days to close a loan.
• Alternative Data: They're open to using alternative credit data, like rent and utility payments, which can be helpful for some borrowers.

One thing to keep in mind is that they don't always lay out all potential refinance costs upfront. Also, their phone support wraps up at 9 p.m. ET daily, so if you're on the West Coast, that might be a bit early for you.

Better.com seems like a solid choice for those who prefer a digital-first approach and want quick access to loan specialists, especially outside of standard work hours. They focus on making the application process smooth and accessible.

Wrapping It Up

So, refinancing your mortgage in 2025 might seem like a big task, but it doesn't have to be. We've looked at some of the top companies out there, each with its own strengths. Remember, the 'best' one really depends on what you're trying to do. Whether you're chasing the lowest rate, need a super fast closing, or want the best customer service, there's likely a lender that fits. Don't just pick the first name you see; take the time to compare offers from a few different places. Your financial goals are unique, and finding the right refinance partner will help you get there. Happy refinancing!

Frequently Asked Questions

Is there one best company for refinancing a mortgage?

Not really! The best company for you depends on what you need. Think about what you want to achieve, like getting a lower interest rate or a different loan term. It's smart to compare offers from a few different lenders to find the one that fits you best.

How does refinancing a mortgage work?

Refinancing means you get a new loan to pay off your old one. This new loan might have a different interest rate, a different amount of time to pay it back, and a different monthly payment. You can also get a 'cash-out' refinance, where you borrow more than you owe and get the extra money as cash.

Is it always cheaper to refinance with my current bank?

It's not a guarantee. While your current lender might offer you a good deal, you could find even better rates or terms by looking at other companies. It's a good idea to compare offers from different lenders before deciding.

What's the most important factor when choosing a refinance company?

While getting a low interest rate is often the main goal, don't forget about other costs like fees and closing costs. These can add up. Also, consider the lender's customer service and how easy it is to work with them.

How does my credit score affect refinancing?

Your credit score plays a big role. A higher credit score usually means you can get a better interest rate. If your credit isn't perfect, some lenders might still work with you, but the rates might be higher.

Why should I compare offers from multiple lenders?

Mortgage rates and fees can differ a lot from one lender to another. By comparing offers from at least three different companies, you can make sure you're getting the best possible deal for your situation and save money in the long run.