Thinking about refinancing your mortgage in December 2025? It's a smart move if you're looking to lower your monthly payments or tap into your home's equity. With interest rates showing signs of cooling, now might be the time to explore your options. We looked into some of the top companies out there to help you find the best companies to refinance mortgage. It's not always easy to know where to start, so we've put together a list to make things a bit simpler.

Key Takeaways

• CrossCountry Mortgage stands out as a top choice for overall rates and fast closings.
• Rocket Mortgage is recognized for its customer satisfaction and handles a lot of conventional loan refinances.
• New American Funding is a good option if you're looking for low rates.
• Navy Federal Credit Union is a strong contender, especially for military members.
• When comparing lenders, always look at interest rates, fees, and the types of loans they offer to find the best fit for your situation.

1. CrossCountry Mortgage

When you're looking to refinance your mortgage, CrossCountry Mortgage often pops up as a top contender, and for good reason. They really aim to make the whole process as smooth as possible. They've managed to get some of the fastest closing times in the business, sometimes wrapping things up in as little as ten days. That's pretty impressive when you consider how long these things can usually take.

What sets them apart is their willingness to work with a wider range of borrowers. They have some of the lowest credit score requirements out there, with some loan products not even having a minimum score. Plus, they offer a bunch of different loan types, from standard rate and term refinances to FHA, VA, and even renovation loans. They also have options for cash-out refinances and HELOCs, so you can tap into your home's equity if you need to.

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.
• Minimum Credit Score: As low as 500 for some products.
• Availability: They operate in all 50 states, plus Washington D.C. and Puerto Rico.
• Closing Speed: Can close in as little as 10 days.

One thing to note is that they don't put sample rates or fee information directly on their website, so you'll need to reach out to them to get those specifics. But overall, if you're looking for a lender that's accessible, offers a lot of choices, and can get the job done quickly, CrossCountry Mortgage is definitely worth a look.

They really stand out for their flexibility. Whether you have a less-than-perfect credit score or need a specific type of refinance, they seem to have a solution. Their focus on speed is a big plus for anyone eager to get their new mortgage terms in place.

2. Rocket Mortgage

Rocket Mortgage is a pretty big name when it comes to home loans, and for good reason. They've been the largest lender in the U.S. for a while now, meaning they handle a ton of business. This usually translates into a pretty smooth process for borrowers, especially if you're comfortable doing most of your business online or through their app.

They really shine when it comes to customer satisfaction, often getting high marks in surveys. It seems like they put a lot of effort into making the application and the whole refinancing experience as easy as possible for people. Plus, they have a lot of tools and information on their website to help you figure things out, which is super helpful if you're new to refinancing.

Here's a quick look at some of their stats from 2024:

• Average Interest Rate: Around 7.33%
• Average Origination Fee: About $4,580
• Average Lender Credits: Roughly $254
• Largest Lender by Volume: Yes, they originated over 199,000 refinance loans.

While they offer a slick digital experience, remember that the actual closing usually happens in person. They have a good number of loan officers and branches across the country to help with that.

One thing to keep in mind is that while their digital tools are great, some borrowers have noted that origination fees can be a bit higher compared to other lenders. Also, they don't currently offer Home Equity Lines of Credit (HELOCs), so if that's something you're looking for, you might need to check elsewhere.

3. New American Funding

New American Funding is a solid choice if you're looking to refinance your mortgage, especially if getting the lowest possible interest rate is your main goal. They consistently show up with rates that are hard to beat, and they're available in all 50 states plus Puerto Rico. This lender is a strong contender for those prioritizing affordability.

They offer a variety of refinancing options, including rate and term, cash-out, and streamline refinances for FHA and VA loans. What's really interesting is their flexibility with credit scores; while many lenders have higher minimums, New American Funding can work with scores as low as 500 for some loan products, and they even have options with no minimum score required. This opens the door for more homeowners to potentially refinance.

Here's a quick look at what they offer:

• Rate and Term Refinance: This is the most common type, where you swap your current mortgage for a new one with a different interest rate or loan term.
• Cash-Out Refinance: If you've built up equity in your home, this lets you borrow against it, giving you cash for other needs.
• Streamline Refinances: These are simplified processes for FHA and VA loans, often with less paperwork.

It's worth noting that while they advertise competitive rates, it's always a good idea to compare offers. You can explore their refinancing options to see if they fit your situation.

When considering a refinance, think about your long-term financial picture. A lower interest rate can save you a lot of money over the life of the loan, but also consider how long you plan to stay in the home and what your goals are for refinancing. Sometimes, a slightly higher rate might come with other benefits that are more important to you.

4. Bank Of America

Bank of America is a big name in banking, and they also do a lot of mortgage refinancing. They've been around for a while, starting way back in 1904, and now they're the second-largest bank in the country, headquartered in Charlotte, North Carolina. When it comes to refinancing, they seem to do a pretty good job, especially if you're looking to keep your upfront costs down. In fact, they were noted for offering some of the highest average lender credits in 2024, which can really help reduce what you pay out of pocket when you close the loan. Plus, if you're already a customer, you might even snag a discount on your interest rate or origination fees.

They offer a few different types of loans, like conventional, FHA, VA, and jumbo loans. You can also do rate-and-term, adjustable-rate, and cash-out refinances. It's worth noting that FHA and VA refinances are only available if you already have a mortgage with them. They don't really publish minimum credit scores, which can be a bit of a mystery, but their sample rates are based on a pretty good credit score of 740 or higher.

Here's a quick look at how they stacked up in some areas:

• Customer Experience: They scored well, with helpful educational resources and a decent online experience. You can reach them in a few ways, and they even have a digital application process that still includes a loan officer.
• Reputation: J.D. Power studies have placed them well, both for originating mortgages and for servicing them.
• Upfront Costs: They were recognized for having low upfront costs, thanks to those high lender credits and lower origination fees.

If you're already banking with Bank of America, it might be worth checking out their refinancing options. Existing customers often get a little something extra, like rate discounts, which can make a difference.

While they generally do well, their interest rates can be about average, and they tend to be a bit more selective with who they lend to. So, if you're looking for the absolute lowest rate or have a less-than-perfect credit history, you might want to compare them with other lenders. But for a solid, reliable option with good support and potentially lower closing costs, Bank of America is definitely a contender.

5. Pennymac

Pennymac is a big name in the mortgage world, and they've got a lot of options if you're thinking about refinancing. They're particularly known for handling government-backed loans like FHA and VA, which can be a big plus for many homeowners.

One thing that stands out is their minimum credit score requirement. For conventional loans, you might need a 620, but for FHA and VA loans, it can drop as low as 580. That makes them a more accessible option for folks who might not have a perfect credit history.

When it comes to fees, Pennymac tends to be on the lower side compared to other lenders. You're looking at either a flat fee of $500 or 0.95% of the loan amount. That's generally less than the 1% to 2% most places charge.

Here's a quick look at what they offer:

• Wide Range of Loan Types: Conventional, FHA, VA, USDA, and jumbo loans are all on the table.
• Refinance Options: They do rate-and-term, adjustable-rate, and cash-out refinances.
• Government Loan Focus: A significant portion of their business is in FHA and VA refinancing, so they're quite experienced here.

However, it's not all sunshine and roses. While their fees might be lower, some reviews suggest that Pennymac's actual mortgage rates can sometimes be a bit higher than what you might find elsewhere. So, while they're a solid choice, especially for government loans, it's definitely worth shopping around to compare those rates before you commit.

It's always a good idea to get a few quotes before you decide. Even if a lender has great fees, a slightly higher interest rate can cost you more over the life of the loan. Pennymac is a strong contender, but make sure you see what other companies are offering too.

6. Veterans United

Veterans United is a big name when it comes to VA loans, and they also handle refinancing. They've been around since 2002 and really focus on helping military members and veterans. They consistently show up as a top choice for those looking to refinance their homes, especially if they have a VA loan.

When it comes to refinancing, Veterans United aims to make the process pretty straightforward. You can start things online, which is handy, and then work with a loan officer. They have a decent number of branches and loan officers, so there's usually someone to help you out.

Here's a quick look at some general figures from 2024, though keep in mind these can change:

They seem to be willing to work with borrowers who might be stretching their budgets a bit, as shown by their average debt-to-income ratio. It's good to know they're focused on providing support throughout the home-buying and refinancing journey, with one reviewer mentioning they were helpful and made sure they understood each step [2020].

While they specialize in VA loans, it's worth checking if they have options that fit your specific refinancing needs if you don't have a VA loan. Their focus is definitely on serving the military community, which is a big plus for many.

If you're a veteran or active-duty military, Veterans United is definitely a company worth looking into for your mortgage refinance needs. They have a strong reputation in this area.

7. Navy Federal Credit Union

Navy Federal Credit Union is a solid choice, especially if you're a service member or veteran. They really focus on VA loans, which can come with some great benefits like no down payment required. It's not just for active duty folks either; veterans and their families can also take advantage of what they offer.

They're known for having competitive rates, particularly on VA refinance loans.

Here's a quick look at what they offer for refinancing:

• Rate and Term Refinance: This is your standard refinance to get a potentially lower interest rate or change your loan term.
• Cash-Out Refinance: If you need to tap into your home's equity, this option lets you borrow more than you owe and get the difference in cash.
• VA Streamline Refinance: This is a simplified process for existing VA loan holders to refinance, often with less paperwork.

One thing to keep in mind is that you do need to be a member to use Navy Federal's services. They have a pretty wide network of branches, so even if you're stationed overseas, you might find them accessible.

They offer a special feature called the Freedom Lock, which lets you lock in your interest rate for a longer period, giving you more time to decide without worrying about rates going up. They also allow for rate float downs, which can be helpful if market rates drop after you've locked your rate.

8. Fifth Third

Fifth Third Bank is a solid choice if you're looking to refinance, especially if you're in one of the states they serve. They've been noted for keeping their loan costs pretty reasonable, often coming in below the average. This means that even if the advertised rate isn't the absolute lowest you can find, the overall expense of getting the loan might be less than you expect.

Their refinance rates can be competitive, particularly when you consider the total cost of the loan. While they might not be available everywhere, serving a specific set of states, they focus on making the refinancing process straightforward for those within their service area. It's worth checking them out if you're in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, or West Virginia.

Here's a quick look at what they offer:

• Loan Types: They handle conventional, FHA, and jumbo loans. For refinancing specifically, you can look into rate-and-term, adjustable-rate, cash-out options, and even VA IRRRL (Interest Rate Reduction Refinance Loan).
• Rate Discounts: You can snag a discount on your refinance rate by setting up autopay. It's a small thing, but it adds up.
• Rate Drop Protector Program: This is a pretty neat feature. If mortgage rates fall after you've already refinanced with Fifth Third, they'll waive lender fees on a future refinance. It's like a safety net for changing market conditions.

Fifth Third Bank has a reputation for keeping overall loan costs down, which is a big deal when you're refinancing. They might not be the biggest player nationwide, but for the customers they do serve, they offer a cost-effective way to manage your mortgage.

When you're comparing options, remember to look beyond just the interest rate. The total loan cost, including fees and other charges, is what really matters. Fifth Third Bank's approach seems to focus on that bigger picture, making them a contender for low-cost mortgage refinancing.

9. Movement Mortgage

Movement Mortgage is a lender that might catch the eye of property investors looking to refinance. They offer specific Debt-Service Coverage Ratio (DSCR) loans, which are pretty handy if you own rental properties. What's cool about these DSCR loans is that they let you use different kinds of income proof, not just the standard pay stubs. Think bank statements or profit and loss reports – that can make things easier if your income isn't super straightforward.

To get one of these DSCR loans from Movement, you'll generally need a credit score of at least 640. They also look at your loan-to-value (LTV) ratio, keeping it at 80% or less. Plus, the rent your property brings in needs to cover at least 75% of the mortgage payment. It's a bit of a niche product, but if you fit the bill, it could be a good way to tap into your property's equity.

It's worth noting that Movement Mortgage's website doesn't always lay out all the details about closing costs, lender fees, or provide sample rates upfront. They also didn't respond when asked for more information, which can make it a bit harder to compare them directly with other lenders. So, while they have some interesting options, you might need to do a bit more digging to get the full picture.

Movement Mortgage is a solid choice for real estate investors needing to refinance rental properties, especially with their specialized DSCR loan options. They also provide conventional loans, but their DSCR product is what really sets them apart for a specific group of borrowers. If you're comfortable with a bit more legwork to get your loan details, they could be worth a look.

10. Rate

Rate, which used to be called Guaranteed Rate, is a company that does a lot of mortgage business. They handle almost every kind of mortgage and refinance loan, except for USDA loans. What's pretty neat is that they often close loans really fast, sometimes in as little as 18 days, which is way quicker than the usual 30 to 45 days most places take.

They also seem to keep costs down. For 2024, the average interest rate for refinances was around 6.37%, which is on the lower side. Their origination fees were also pretty low. This means they can be a good choice if you're trying to save money on your refinance.

Here's a quick look at some of their stats from 2024:

• Average Rate: 6.37%
• Average Origination Fee: $2,845
• Average Lender Credits: $2,156

Rate also scores pretty well when it comes to their online tools and educational materials. You can do a lot of the process online, but they also have plenty of physical locations and loan officers if you prefer talking to someone in person. They seem to have a good mix of online convenience and personal support.

While Rate generally performs well, especially on speed and cost, it's worth noting that customer satisfaction ratings have been a bit mixed in some surveys. However, when looking at consumer reviews on popular sites, they tend to get higher marks. It's always a good idea to check recent reviews yourself.

They are available in all 50 states, Washington D.C., and Puerto Rico. If you're looking for a quick refinance with competitive costs, Rate is definitely a company to look into. You can check out their loan options to see if they fit what you need.

Wrapping Up Your Refinance Search

So, you've looked at the options for refinancing your mortgage in December 2025. Remember, the 'best' company really depends on what you need. Whether you're chasing the lowest rate, need to close fast, or are a military member looking for specific benefits, there's likely a lender out there for you. Don't just pick the first one you see. Take a little time to compare a few different companies, check their rates and fees, and see who feels like the right fit. Getting a new mortgage is a big deal, so doing your homework now can save you a lot of hassle and money down the road.

Frequently Asked Questions

What is the best company to use for refinancing a mortgage?

There's no single 'best' company for everyone. The right choice depends on what you need. Look for a lender that offers loans fitting your goals, is clear about rates and costs, and helps you get the best deal. It's smart to compare offers from a few different lenders to find the perfect match for you.

How does mortgage refinancing actually work?

Refinancing means you get a new loan to pay off your old mortgage. This new loan can have different terms, like a new interest rate or a different amount of time to pay it back. You might get a lower monthly payment. Sometimes, you can also take out extra cash from your home's value when you refinance, which is called a cash-out refinance.

Is it always cheaper to refinance with my current mortgage lender?

Not always. While your current lender might offer you a good deal, it's not a guarantee. You could find even better rates or lower costs by checking with other lenders. Comparing offers from several companies helps you make sure you're getting the best possible deal.

What factors make a mortgage refinance lender stand out?

Lenders that offer low starting interest rates usually get higher scores because it saves you money over time. Companies with fewer fees and closing costs are also preferred. Lenders that provide a variety of loan options and receive good reviews from customers are also considered top choices.

Can I refinance if my credit score isn't perfect?

Yes, some lenders work with borrowers who have less-than-perfect credit. While a higher credit score generally helps you get better rates, lenders often have different minimum score requirements. It's worth checking with lenders that have lower credit score requirements to see if you qualify.

What's the difference between a rate-and-term refinance and a cash-out refinance?

A rate-and-term refinance focuses on getting you a better interest rate or changing the length of your loan. A cash-out refinance does that too, but it also allows you to borrow more than you owe on your current mortgage and receive the difference as a lump sum of cash. This cash can be used for things like home improvements or paying off debt.