Thinking about refinancing your mortgage in December 2025? It's a smart move if you can snag a better rate or term. Rates have been moving lower, and with a lot of equity built up in homes lately, it's a good time to look around. But where do you even start? There are a bunch of lenders out there, and picking the best place to refinance mortgage can feel like a puzzle. We've checked out some of the big names to help you figure out who might be the best fit for you.

Key Takeaways

• CrossCountry Mortgage is highlighted for offering the best overall rate and fast closing times.
• New American Funding is noted for providing low rates, making it a strong contender for budget-conscious refinancers.
• Navy Federal Credit Union is the top choice for military members looking to refinance.
• Rocket Mortgage stands out for its customer satisfaction and is a leading lender for conventional loan refinances.
• Bank of America is a good option for those looking to refinance larger, high-value home loans.

CrossCountry Mortgage

When you're looking into refinancing your mortgage, CrossCountry Mortgage often pops up as a top contender. They've been recognized as a solid choice, especially if you're aiming for the best overall rates. It's not just about the numbers, though; they also have a reputation for being pretty quick when it comes to closing the deal, which can be a big plus if you're on a tight schedule.

One of the things that makes CrossCountry Mortgage stand out is their flexibility. They offer a pretty wide range of loan products, including standard rate-and-term refinances, FHA, VA, and USDA options. Plus, they do cash-out refinances and even renovation loans. This variety means they can likely help a lot of different homeowners with their specific needs. They also mention that some of their loan products don't even have a minimum credit score requirement, which could open doors for people who thought refinancing wasn't an option for them.

Here's a quick look at some of their features:

• Loan Types: Rate and term, FHA, VA, USDA, cash-out, renovation loans, and HELOCs.
• Rate Options: Both fixed and adjustable-rate loans are available.
• Closing Speed: They've been known to close loans in as little as 10 days.
• Credit Score Flexibility: Some products have a minimum score of 500, and others may have no minimum.

While they don't always show sample rates or detailed fee information directly on their website, which can make direct comparison a bit trickier, their overall performance and accessibility make them a lender worth investigating. It's always a good idea to get a personalized quote to see exactly what they can offer you.

If a fast closing process is high on your priority list, CrossCountry Mortgage is definitely a company to consider. Their ability to move quickly through the refinancing process, combined with their broad product offerings, makes them a strong candidate for many homeowners looking to adjust their mortgage terms in December 2025. You can explore refinance lenders to see how they stack up against others.

Rocket Mortgage

When you're looking into refinancing your mortgage, Rocket Mortgage often comes up. They've built a pretty big name for themselves, mostly because they make the whole process feel really digital and straightforward. You can do a lot of it right from your computer or phone, which is a big plus for a lot of people.

They tend to do well in customer satisfaction surveys, which tells you something. People seem to like how easy they make things, even if it's a big financial step like refinancing.

Here's a quick look at what they offer:

• Rate and term refinances: This is the most common type, where you're just looking to get a better interest rate or change the length of your loan.
• Cash-out refinances: If you've built up equity in your home, this lets you tap into it by borrowing more than you owe and getting the difference in cash.
• VA and FHA refinances: They handle loans backed by the government, which can be helpful for those who qualify.

Rocket Mortgage is a solid choice if you value a streamlined, online experience and generally good customer service.

One thing to keep in mind is that while they offer a lot of convenience, sometimes their closing costs can be a bit higher than other lenders. It's always a good idea to compare the total costs, not just the interest rate, when you're shopping around.

Refinancing means getting a new loan to replace your current one. The main goals are usually to get a lower interest rate, a different loan term, or to access your home's equity. It's like giving your mortgage a tune-up to make it work better for your finances right now.

Navy Federal Credit Union

If you're a member of the military, a veteran, or their family, Navy Federal Credit Union is definitely worth a look for refinancing your mortgage. They really specialize in VA loans, which can come with some pretty sweet benefits.

What makes them stand out?

• VA Loan Expertise: They know the ins and outs of VA loans better than most, which can make the refinancing process smoother.
• Special Freedom Lock: This feature lets you lock in your interest rate for 60 days. Plus, you can get up to two rate float downs, meaning if rates drop, you might be able to snag that lower rate without paying extra.
• Membership Requirement: Keep in mind, you do need to be a member to use their services. This usually means you, or a family member, served in the military.

They do charge a 1% origination fee, but you can get that waived if you're okay with a slightly higher interest rate (about 0.25% more). For a 30-year VA loan, sample rates have been seen around 5.685% APR with points paid. For conventional loans, it's been around 5.614% APR.

Refinancing with Navy Federal can be a smart move, especially if you're looking to take advantage of VA loan benefits. Their specialized knowledge and unique rate lock features can offer peace of mind during the process.

While their product selection is mostly limited to VA and conventional loans, if those fit your needs, Navy Federal is a strong contender, particularly for those who qualify for VA refinancing.

New American Funding

When you're looking for a place to refinance your mortgage, New American Funding often pops up, especially if you're chasing the lowest possible rates. They've consistently shown up with some of the most competitive interest rates out there, which is obviously a big deal when you're trying to save money over the life of your loan. It's not just about the rate, though; they also have a pretty low minimum credit score requirement for some of their loan products, making them accessible to more people. Plus, they're known for closing loans pretty quickly, which is nice if you're eager to get the process done.

Here's a quick look at what they offer:

• Refinance Loan Types: They handle rate and term refinances, cash-out options, FHA and VA streamline refinances, and even HELOCs. So, whatever your goal, they likely have a product for it.
• Credit Score Flexibility: Some of their loans have a minimum credit score requirement as low as 500, which is significantly lower than many other lenders.
• Speedy Closings: They're often able to close loans much faster than the industry average, sometimes in as little as 10 days.

One thing to note is that they don't always make all their fee and closing cost information super clear on their website. It's always a good idea to ask for a full breakdown so you know exactly what you're paying for. But if a low rate is your top priority, New American Funding is definitely worth a close look. Remember, mortgage rates have been dropping, making this a good time to explore your options for refinancing your existing loans.

It's easy to get caught up in just the advertised interest rate, but remember to consider all the associated costs. Sometimes a slightly higher rate with fewer fees can end up being a better deal overall. Always ask for a Loan Estimate to compare offers apples to apples.

Bank Of America

Bank of America is a solid choice if you're looking to refinance, especially if you already bank with them. They tend to handle larger loan amounts, with a median refinance amount around $815,000 in 2024, so they're definitely geared towards folks with higher-value homes.

One of the neat things they offer is their Real Estate Center. You can pop in your address and get a feel for your home's worth, complete with comparable sales data and its value history. This is super handy when you're trying to figure out if refinancing makes sense for you.

Existing Bank of America customers can often snag a discount on interest rates or origination fees, which is a nice perk if you're already in their system. Plus, they've consistently gotten good marks for customer satisfaction from J.D. Power, which is always a good sign.

However, it's worth noting a couple of things. The sample mortgage rates they show are based on a FICO score of 740 or higher, and you can't really tweak those numbers to see how your specific score might affect things. Also, if you're looking to refinance an FHA or VA loan, you'll need to be an existing Bank of America mortgage client to even be considered.

Here's a quick look at what they offer:

• Loan Types: They handle conventional, FHA, VA, and jumbo loans. For refinances, you can look at rate-and-term, adjustable-rate, and cash-out options.
• Customer Perks: Existing customers might get rate or fee discounts through their Preferred Rewards program.
• Home Value Tool: A built-in feature to estimate your home's worth.

When you're looking at the numbers, remember that advertised rates and payments are often based on specific assumptions. Your actual rate and monthly payment could be different once all your personal details are factored in. It's always a good idea to get a personalized quote.

They operate nationwide, so availability isn't an issue for most people. Just keep those FHA/VA limitations in mind if you're not already a Bank of America mortgage holder.

Pennymac

Pennymac is a mortgage lender that offers a pretty wide range of refinancing options. They're known for working with borrowers who might not have a perfect credit score, often requiring a minimum score of around 620 for conventional loans, and even lower for government-backed options like FHA or VA loans.

One thing that stands out about Pennymac is their fee structure. They tend to charge lower lender fees compared to many other companies. You're looking at either a flat fee of $500 or about 0.95% of the loan amount, which is generally less than the 1% to 2% you might see elsewhere. This can add up to some real savings when you're looking at the total cost of refinancing.

Pennymac also has a bit of a specialty in refinancing government-backed loans. If you have an FHA loan, for instance, they do a significant amount of business in that area, including options like the FHA Streamline Refinance. They also handle VA loans, USDA loans, and jumbo loans, so there's a good variety of products available. You can even compare today's 30-year mortgage rates and refinance mortgage rates with Pennymac to see what works for you.

However, it's not all sunshine and roses. While their fees might be lower, some reviews suggest that Pennymac's actual interest rates can sometimes be a bit higher than what other lenders are offering. This is why it's super important to compare the total picture – not just the fees, but the interest rate too – when you're shopping around. They do show refinance rates after a quick custom calculation based on your specific situation, which is helpful.

When you're looking at refinancing, it's easy to get caught up in just one number, like the interest rate or a specific fee. But the real deal is the total cost over the life of the loan. Always try to get a full Loan Estimate from each lender you're considering so you can see exactly what you'll be paying in the long run.

Here’s a quick look at what they generally offer:

• Loan Types: Conventional, FHA, VA, USDA, Jumbo loans. They also offer rate-and-term, adjustable-rate, and cash-out refinances.
• Minimum Credit Score: Typically starts at 620 for conventional loans, but can be lower for FHA, VA, and USDA loans.
• Fees: Generally lower than average, either a flat fee or a percentage of the loan amount.
• Availability: Available in all 50 states and Washington, D.C.

So, while Pennymac might not always have the absolute lowest advertised interest rate, their lower fees and willingness to work with a wider range of credit scores make them a solid contender, especially if you're refinancing an FHA loan or looking to keep upfront costs down.

Veterans United

When it comes to refinancing a VA loan, Veterans United is a name that comes up a lot. They're known for being the biggest player in VA loans, and that focus really shows when you're looking to refinance. Almost all of their refinancing business is tied to VA loans, so they've got a lot of experience with the ins and outs of these specific government-backed mortgages.

They handle all the VA refinance options, including cash-out refinances, the VA IRRRL (Interest Rate Reduction Refinance Loan), and even jumbo VA loans. This means whether you're looking to pull some cash out of your home, just want a lower rate, or need a larger loan amount, they likely have a solution.

One thing that stands out is their customer service. Because they serve military members and their families, who can be located all over the world, they offer 24/7 customer support. That's pretty handy if you're in a different time zone or just need help outside of typical business hours.

Veterans United really focuses on making the VA refinance process as smooth as possible for service members and veterans. Their deep specialization means they understand the unique needs and benefits associated with VA loans.

Here's a quick look at what they offer:

• Loan Types: Primarily VA loans, including rate-and-term, cash-out, and VA IRRRL. They also offer conventional loans.
• Customer Service: Available 24/7, which is a big plus for active-duty military or those stationed overseas.
• Customer Satisfaction: They generally score well in customer satisfaction surveys, which is always good to see.
• Minimum Credit Score: Typically 620 for their loans.

While they are a top choice for VA refinances, it's always a good idea to compare their rates and terms with a few other lenders, even if you're set on using a VA loan. Shopping around can help ensure you're getting the best deal possible for your situation.

Fifth Third

Fifth Third Bank might be a good option if you're looking to refinance, especially if you're in one of the states they serve. They've been noted for having loan costs that are lower than the average, which is always a plus when you're trying to save money.

They offer a few different types of refinances, including conventional, FHA, and jumbo loans. You can also do rate-and-term, adjustable-rate, cash-out, and even the VA IRRRL (Interest Rate Reduction Refinance Loan).

Here's a quick look at what they offer:

• Loan Types: Conventional, FHA, Jumbo, VA IRRRL
• Refinance Options: Rate-and-term, Adjustable-rate, Cash-out
• Service Area: Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.

One interesting perk is their "Rate Drop" Protector Program. If mortgage rates go down after you've already refinanced with them, they'll waive lender fees on a future refinance. It's a nice way to potentially benefit if the market shifts in your favor.

While Fifth Third doesn't publicly share specific minimum credit score requirements, they do consider your credit history along with other factors when reviewing applications. It's always a good idea to check with them directly to see where you stand.

They also offer a discount on your refinance rate if you set up autopay, which is a simple way to shave a little bit off the cost.

Wrapping Up Your Refinance Search

So, looking for a new mortgage deal in December 2025? It's definitely a good idea to shop around. We saw that lenders like CrossCountry Mortgage, New American Funding, Navy Federal Credit Union, and Rocket Mortgage all have something different to offer. Whether you're after the best overall rate, a fast closing, a deal for military members, or top-notch customer service, there's likely a good fit out there for you. Remember, comparing offers from a few different places is the best way to make sure you're getting the deal that truly works for your wallet. Don't just stick with your current lender without checking what else is available – you might be surprised by the savings.

Frequently Asked Questions

What is 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 lender that offers the types of loans you're interested in, is clear about their rates and costs, and can give you the best deal. It's a smart move to compare offers from a few different lenders to find the one that fits you best.

How does refinancing a mortgage actually work?

Refinancing means you get a new loan to pay off your old mortgage. This new loan will likely have a different interest rate, a different amount of time to pay it back, and a different monthly payment. Sometimes, you can also get cash out from your home's value when you refinance.

Is it cheaper to refinance with the company I already have my mortgage with?

Not always. While your current lender might offer you a good deal, you could find even better rates and terms by checking with other lenders. It's always a good idea to shop around and compare offers from different companies before deciding.

When should I think about refinancing my mortgage?

Refinancing makes sense if it helps your financial situation. This could be because interest rates have dropped, allowing you to get a lower rate on your new loan. It can also be a good idea if you want to change your loan type or take cash out from your home's value to pay for things like home improvements or debts.

How long does it take to refinance a mortgage?

The process of refinancing usually takes about four to six weeks from when you first apply until everything is finalized. It's quite similar to the time it takes to get your original mortgage.

Can I refinance my mortgage as many times as I want?

You can refinance your mortgage whenever you want, but some lenders might have a waiting period before you can do it again, especially if you're taking cash out. It's important to check the specific rules of the lender you choose.