Thinking about refinancing your home loan in December 2025? It's a smart move for many homeowners looking to get a better deal on their mortgage. Whether you want to lower your monthly payments, tap into your home's equity, or just get a different loan type, finding the right lender is key. We've looked at a bunch of companies to help you find the best company to refinance home loan for your situation.

Key Takeaways

• CrossCountry Mortgage is a strong choice for refinancing, especially if you value quick closings and a wide range of loan options.
• Rocket Mortgage stands out for its customer satisfaction and is a major player in conventional loan refinances.
• Navy Federal Credit Union is a top pick for military members and their families, offering tailored services.
• Bank of America is a good option if you're looking to refinance a larger loan amount on a high-value home.
• When comparing lenders, always look beyond the advertised interest rate to consider the Annual Percentage Rate (APR) and any associated fees.

CrossCountry Mortgage

When you're thinking about refinancing your home loan in December 2025, CrossCountry Mortgage is definitely a name that comes up a lot. They seem to do a lot of things right, which is why they scored pretty high in our review. One of the standout features is how fast they can get a loan closed. We're talking about potentially finishing the whole process in as little as 10 days, which is way quicker than the usual month or so.

They offer a good variety of loan types, which is helpful because everyone's situation is a bit different. You can look into rate and term refinances, FHA, VA, and USDA loans, plus cash-out options if you need to pull some equity out. They even handle renovation loans and HELOCs. Another plus is their flexibility with credit scores; they have products that can work even if your score isn't perfect, with some loan types not even having a minimum score requirement.

Here’s a quick look at what they bring to the table:

• Loan Options: Rate and term, FHA, VA, USDA, cash-out, renovation loans, and HELOCs.
• Closing Speed: Can close loans in as little as 10 days.
• Credit Score Flexibility: Products available for scores as low as 500, with some having no minimum.
• Availability: They operate in all 50 states, plus Washington D.C. and Puerto Rico.

While they don't show sample rates or fees directly on their website, which can make initial comparisons a bit harder, their overall performance and speed make them a strong contender for many homeowners looking to refinance.

If you're looking for a lender that can move quickly and offers a wide range of loan products, CrossCountry Mortgage is worth a closer look. They seem to be a solid choice for getting your refinance done efficiently. You might want to check out their refinance options to see if they fit your needs.

Rocket Mortgage

Rocket Mortgage is a pretty big name in the home loan world, and honestly, they've earned it. They consistently get high marks from customers, which usually means people have a decent experience working with them. If you're thinking about refinancing, their online process is designed to be pretty straightforward. They're really known for their customer service and a completely digital way of handling mortgages. This can make things feel quite simple, especially if you're someone who likes managing stuff online.

Here's a quick rundown of what they offer for refinancing:

• Loan Types: They handle all sorts of loans, including conventional, FHA, VA, and even jumbo loans. You can get rate-and-term refinances, adjustable-rate mortgages, and cash-out options. They also do FHA and VA streamline refinances.
• Credit Score: Generally, you'll want a credit score of at least 620 for conventional loans. FHA and VA loans might be approved with scores as low as 580.
• Speed: While they aren't always the absolute fastest, they do aim for a smooth and efficient process.
• Perks: Sometimes they offer discounts on closing costs if you've refinanced with them before, which is a nice little bonus.

They consistently rank at the top of independent customer satisfaction surveys. It's worth noting that while their rates can be competitive, the closing costs might sometimes be a bit higher compared to other lenders. Always a good idea to look at the total cost, not just the interest rate.

Rocket Mortgage really shines when it comes to making the refinancing process accessible through their online platform. They've been recognized for their customer satisfaction, which is a big deal when you're dealing with something as significant as your home loan.

They operate in all 50 states, plus Washington D.C. and Puerto Rico, so most people can work with them. While they don't always put sample rates or fee information right on their website, which can be a bit of a hassle, their overall package of speed, loan options, and accessibility makes them a strong choice for many homeowners looking to refinance. You can check out their customer satisfaction rankings to see why they're so highly regarded.

New American Funding

If you're looking to refinance your home loan, New American Funding is definitely a company worth checking out, especially if you're hoping to snag a lower interest rate. They often seem to come in with rates that are a bit more competitive than some of the bigger players in the market. Plus, they're known for being pretty flexible when it comes to credit scores. We've seen them work with scores as low as 500 for certain loan products, which can be a huge help for people who don't have a perfect credit history.

One of the things that really stands out about New American Funding is their speed. They have a reputation for closing loans much faster than the average lender, sometimes getting the job done in as little as 10 days. This is fantastic if you're on a tight schedule or just want to get the whole process wrapped up quickly.

Here's a quick rundown of what they generally offer:

• Refinance Loan Types: They handle a good variety, including standard rate and term refinances, cash-out options, and even streamline refinances for FHA and VA loans.
• Credit Score Flexibility: They often have options for borrowers with lower credit scores, and some of their loan products don't even have a minimum score requirement.
• Fast Closings: As mentioned, they're known for getting loans finalized quickly.

While New American Funding advertises competitive rates and flexible credit requirements, it's always a good idea to check their website for the most current fee structures and loan cost details, as this information isn't always readily available upfront. They also offer some interesting loan terms, like interest-only options and even 40-year terms, which can help lower your monthly payments if that's what you're after. It's definitely worth getting a quote from them to see how they stack up against other lenders for your specific situation. You can find more details about their services on their website.

They also offer some interesting loan terms, like interest-only options and even 40-year terms, which can help lower your monthly payments if that's what you're after. It's definitely worth getting a quote from them to see how they stack up against other lenders for your specific situation.

Navy Federal Credit Union

If you're part of the military community, Navy Federal Credit Union is definitely a name to consider for refinancing your home loan. They really focus on service members and veterans, which means they've got a good handle on things like VA loans. It's a credit union, so you do need to be a member to use their services, but for those who qualify, the perks can be pretty worthwhile.

They offer a few refinance options, mainly VA and conventional loans. One neat feature is their Special Freedom Lock, which lets you lock in your interest rate for a longer period – 60 days, to be exact. You can also get a couple of rate float downs without any extra charge, which is a nice bit of protection if rates happen to drop a little after you've locked yours in. They do have a 1% origination fee, but it's possible to get that waived if you're okay with a slightly higher interest rate. Many customers have shared positive experiences, often mentioning how helpful the loan officers were throughout the process, making it a less stressful experience than they expected. You can check out their mortgage services for more details.

Here’s a quick look at what they offer:

• Refinance Loan Types: Primarily VA and conventional loans, including rate and term, cash-out, and VA streamline options.
• Special Features: Special Freedom Lock for extended rate locks, and up to two rate float downs.
• Membership Requirement: You must be a member of the credit union, which typically requires a connection to the military.

Refinancing with Navy Federal can be a good move for military families because they tailor their products and services to meet specific needs, often simplifying what can be a complicated process.

Bank Of America

Bank of America is a pretty solid option if you're thinking about refinancing, especially if you're already a customer. They tend to handle larger loan amounts well, which is a big plus if you have a high-value home. In 2024, their average refinance loan was around $815,000, which is quite substantial. Plus, existing customers might get a little break on interest rates or fees, and who doesn't like saving money?

They offer a good range of loan types, including conventional, FHA, VA, and jumbo loans. You can also look into rate-and-term, adjustable-rate, and cash-out refinances. One neat feature on their website is the Real Estate Center. You can type in your address and get a feel for your home's value by checking out similar sales in your neighborhood. That kind of information is really helpful when you're weighing your refinancing options.

Here's a quick rundown of what they provide:

• Loan Types: Conventional, FHA, VA, Jumbo
• Refinance Options: Rate-and-term, Adjustable-rate, Cash-out
• Customer Satisfaction: They get high marks from J.D. Power.
• Existing Customer Benefits: Potential discounts on rates or fees.

It's worth noting that while they don't list specific minimum credit scores, their sample rates are often based on a FICO score of 740 or higher. Also, FHA and VA refinances are usually only available if you already have a mortgage with Bank of America. Still, for many people, especially those with bigger mortgages, Bank of America is definitely worth considering. You can check out current mortgage rates to see how they stack up.

Refinancing can be a smart move to lower your monthly payments or tap into your home's equity. It's important to compare offers from different lenders to find the best fit for your financial situation.

If you're looking for a lender that handles larger loan amounts, Bank of America is a strong contender. You can explore their mortgage options to see if they fit your needs.

Citibank

Citibank is a major player when it comes to refinancing your home loan, and they operate in all 50 states plus Washington D.C. They offer a good range of loan types, including conventional, FHA, VA, and jumbo loans. When it comes to the actual refinance, you can go for a rate-and-term refinance, an adjustable-rate mortgage, or a cash-out refinance if you want to pull some equity out of your home.

One of the things that often gets mentioned about Citibank is their loan costs. According to some analyses of federal data, they've provided borrowers with loan costs that are lower than the average. That's definitely something to pay attention to when you're trying to save money. Plus, if you're already a Citibank customer, you might get a little extra perk, like a discount on your closing costs. They even have a special code, 10818, that can give you $500 off.

Here's a quick rundown of what they offer:

• Loan Types: Conventional, FHA, VA, Jumbo
• Refinance Options: Rate-and-term, Adjustable-rate, Cash-out
• Availability: All 50 states and Washington, D.C.
• Customer Satisfaction: They've scored quite well in customer satisfaction studies, which is always a good sign.

It's worth noting that when Citibank shows sample rates, they often mention "excellent credit." This usually means a pretty high credit score, sometimes 800 or even higher. So, it's a good idea to check where your credit score stands before you start. Also, sometimes their sample rates are lowered by using discount points, which means you pay an upfront fee to get a lower interest rate. It's always smart to compare their offers against the current national average APR for a 30-year fixed refinance, which is around 6.79 percent as of December 5, 2025, to see how they stack up.

When you're looking at refinancing, don't just focus on the advertised interest rate. Make sure you understand all the fees involved, what credit score they're using to determine that rate, and if any discounts actually apply to your specific situation. Getting a clear picture of the total cost is really the most important part.

Fifth Third Bank

Fifth Third Bank is a solid option if you're looking to refinance, especially if you live in one of the states they serve. They've been noted for having loan costs that are generally lower than the average, which can really add up over the life of your loan. They might not be available everywhere, but where they are, they focus on keeping things affordable.

Here's a quick look at what they offer:

• Availability: Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.
• Loan Types: They handle conventional, FHA, and jumbo loans. For refinancing, you can look at rate-and-term, adjustable-rate, cash-out, and even VA IRRRL loans.
• Credit Score: Fifth Third doesn't give out a specific minimum credit score. They look at your whole financial picture, including your credit history.

One cool thing they have is the Rate Drop Protector Program. If mortgage rates go down after you've refinanced with them, they'll waive lender fees on a future refinance. That's a nice bit of protection against rising rates.

When you're comparing banks for a refinance, it's easy to get caught up in just the advertised interest rate. But don't forget to look at the total cost of the loan, including all the fees. Sometimes a slightly higher rate with lower fees can end up being a better deal overall.

Pennymac

Pennymac is a name you'll likely see when you're shopping around for a home loan refinance, especially if you're looking at options backed by the government, like FHA or VA loans. They actually do a pretty significant amount of business with FHA refinances, so if that's your situation, they might have a good handle on things.

What's interesting is that Pennymac often has a lower credit score requirement to get started. We're talking sometimes as low as 620 for conventional loans, and even lower for FHA, VA, and USDA loans. This can make them a more reachable option for some homeowners who might not have a perfect credit history.

When it comes to fees, Pennymac has a bit of a mixed reputation. They do have a program called the Protector Program. If mortgage rates drop after you've already refinanced with them, this program can waive lender fees on a future refinance. That's a pretty neat perk to have.

However, some reviews mention that while their interest rates might seem competitive at first glance, their overall loan costs can sometimes be higher than what other lenders charge. So, it's really important to look closely at the total cost, not just the advertised rate.

Here's a quick rundown of what they generally offer:

• Specializes in FHA and VA loan refinances.
• Often has lower minimum credit score requirements for certain loan types.
• Offers the Protector Program to potentially waive future lender fees.
• Available in all 50 states and Washington D.C.

While Pennymac can be a solid choice, particularly for government-backed loans, it's always a smart move to compare their total costs, including all the fees, with other lenders. Sometimes a slightly higher rate from another place might come with significantly lower fees, making it a better deal overall. Don't just look at the advertised rate; really dig into the Loan Estimate to see the full picture.

When you're comparing banks for a refinance, it's easy to get caught up in just the advertised interest rate. But don't forget to look at the total cost of the loan, including all the fees. Sometimes a slightly higher rate with lower fees can end up being a better deal overall.

Rate

When you're looking to refinance your home loan, the interest rate is obviously a big deal. It's the number that's going to affect how much you pay over the life of the loan, so getting a good one is key. As of December 7, 2025, the national average for a 30-year fixed refinance is sitting around 6.73%, and for a 15-year fixed, it's about 6.15%. Keep in mind these are averages, and your actual rate could be higher or lower.

Several things play a role in what rate you'll actually get. Your credit score is a major one – the better your score, the better your chances of snagging a lower rate. Lenders also look at your income and your loan-to-value ratio (how much you owe compared to what your home is worth). Plus, general economic stuff like inflation can move rates around.

Here's a quick look at some typical refinance rates you might see right now:

Refinancing can be a smart move if you can get a rate that's at least a full percentage point lower than what you have now. Don't forget to factor in all the costs involved, like closing fees, to make sure it truly saves you money in the long run. If you're not quite there yet, working on improving your credit score and getting your paperwork ready can help you be in a better position when the time is right.

Wrapping Things Up

So, that's our look at some of the top banks for refinancing your mortgage this December 2025. It's a big decision, for sure, and finding the right fit really depends on what you're looking for. Whether it's a super low rate, a quick closing, or special perks for military members, there are options out there. Remember to compare a few lenders, check out all the nitty-gritty details like fees, and don't be afraid to ask questions. Getting your mortgage sorted can make a real difference in your monthly budget, so taking the time to find the best deal is totally worth it.

Frequently Asked Questions

What's the best company to refinance my mortgage with?

There isn't one single 'best' company for everyone. The right choice depends on what you need. Look for a company that offers the types of loans you're interested in, is clear about its rates and costs, and helps you get the best deal possible. It's a smart move to compare offers from a few different places before deciding.

How does refinancing a mortgage actually work?

When you refinance, you get a new loan to pay off your old mortgage. 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 the bank I already have my mortgage with?

Not always. While your current bank might offer you a deal, you could find even better rates or terms by looking at other lenders. It's worth checking with a few different companies to make sure you're getting the best offer.

Should I refinance if interest rates are going down?

Generally, yes. If interest rates drop, refinancing can help you get a lower monthly payment and save money over the life of your loan. However, you should also consider the fees involved in refinancing to make sure the savings outweigh the costs.

What's the difference between an interest rate and an APR?

The interest rate is just the cost of borrowing money. The APR, or Annual Percentage Rate, is a broader look at the cost because it includes the interest rate plus other fees and costs associated with the loan. It's usually better to compare APRs when looking at different loan offers.

How do I choose the right lender for my refinance?

Start by looking at lenders that offer the loan types you need and have good customer reviews. Compare their interest rates, fees, and closing costs. Don't be afraid to ask questions and get quotes from at least three different lenders to find the best fit for your situation.