Thinking about refinancing your mortgage in 2025? It can be a smart move to lower your monthly payments or tap into your home's equity. But those closing costs can add up fast, right? Luckily, some companies are making it easier by offering options with no closing costs. We've looked into some of the best mortgage refinance companies with no-closing costs to help you figure out where to start. It's all about finding the right fit for your wallet and your goals.

Key Takeaways

• CrossCountry Mortgage is highlighted as a top choice, often recognized for overall rates and fast closing.
• New American Funding is noted for its competitive low rates.
• Navy Federal Credit Union is a strong option, especially for military members.
• Rocket Mortgage is frequently mentioned for customer satisfaction.
• Better Mortgage offers benefits like closing cost discounts and a rate-match guarantee.

1. CrossCountry Mortgage

CrossCountry Mortgage really stands out when you're looking for a mortgage refinance, especially if you're hoping to get things done quickly. They were actually rated as the best overall by some folks who looked at a bunch of lenders. What really makes them a top pick is their ability to close loans super fast, sometimes in as little as 10 days. That's way quicker than the usual 30 to 45 days you might expect.

They also seem to be pretty flexible with who they work with. You don't necessarily need a perfect credit score to get a loan, and they offer a good variety of loan types. This includes standard rate and term refinances, FHA, VA, and even renovation loans. They also have options for cash-out refinances if you need to tap into your home's equity.

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

• Fast Closing Times: As mentioned, they can close loans in as little as 10 days.
• Wide Availability: They work in all 50 states, plus Washington D.C. and Puerto Rico.
• Loan Variety: Offers conventional, jumbo, FHA, VA, cash-out, and renovation loans.
• Flexible Credit Requirements: Minimum credit scores can be as low as 500 for some loan products.

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

When you're refinancing, it's easy to get caught up in just the interest rate. But remember to look at all the fees involved. Sometimes a slightly higher rate with no or low fees can end up costing you less overall than a lower rate with a lot of upfront charges. It's all about finding the right balance for your financial situation.

2. New American Funding

New American Funding is a pretty solid choice if you're looking to refinance your mortgage, especially if you're hoping to snag a lower interest rate. They really stood out in our checks for consistently offering rates that were better than a lot of the other big players out there. Plus, they're known for being a bit more flexible with credit scores, which is a big deal for a lot of people.

One of the things that makes them a good option is the variety of refinance loans they have. You can go for a standard rate and term refinance, pull out some cash with a cash-out refinance, or even look into options like HELOCs. They also handle FHA and VA streamline refinances, which can be super helpful for certain homeowners.

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

• Rate and Term Refinance: This is your standard refinance to get a new interest rate or loan term.
• Cash-Out Refinance: Allows you to borrow more than you owe and take the difference in cash.
• HELOC (Home Equity Line of Credit): A revolving credit line secured by your home's equity.
• FHA Streamline Refinance: For borrowers with FHA loans, often with less paperwork.
• VA Streamline Refinance: For eligible VA loan borrowers, designed for a simpler process.

They also have a pretty low minimum credit score requirement, sometimes as low as 500 for certain loan types, and they even mention some products with no minimum required. That's a huge plus if your credit isn't perfect. They also boast a fast closing time, which is always nice when you're dealing with something as big as a mortgage.

While New American Funding doesn't always make all their fees super clear on their website, their focus on competitive rates and accessibility for a wider range of borrowers makes them a strong contender. It's always a good idea to get a personalized quote to see exactly what they can do for you.

Keep in mind that while they advertise low rates, it's always smart to compare offers from a few different lenders before you commit. But if a low rate is your main goal, New American Funding is definitely worth putting on your list.

3. 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 pretty sweet benefits.

What makes them stand out is their understanding of the VA loan process. It can be a bit complicated, but they seem to have it down. Plus, they have this thing called the Special Freedom Lock. It lets you lock in your interest rate for 60 days, which is nice if you're not quite ready to close but want to secure a rate. You can even get a couple of rate float downs, up to 0.50% total, without paying extra for the rate lock itself.

They do charge a 1% origination fee, which isn't ideal, but you can get out of it. You just have to accept a slightly higher interest rate, about 0.25% more. It's a trade-off, so you'll want to crunch the numbers to see what works best for your situation.

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

• Rate and term refinances: Standard option to get a new rate or term.
• Cash-out refinances: Lets you tap into your home's equity.
• VA and VA streamline refinances: Specifically for those with VA loans, often with simpler processes.

Keep in mind, you do need to be a member to use Navy Federal. But joining is usually pretty straightforward if you're in the military, a veteran, or have family who are.

While they specialize in VA loans, Navy Federal also offers conventional refinance options. It's worth checking out their rates and terms to see if they align with your financial goals, especially if you value a lender with a strong connection to the military community.

4. Rocket Mortgage

Rocket Mortgage is a big name in the mortgage world, and for good reason. They've consistently landed high marks for customer satisfaction, which is pretty important when you're dealing with something as big as a refinance. They really focus on making the whole process digital and straightforward.

If you're looking to refinance, Rocket Mortgage has a few different options, including conventional, FHA, and VA loans. They also do rate-and-term, adjustable-rate, and cash-out refinances. For conventional loans, you'll generally need a credit score of at least 620, while FHA and VA loans can sometimes work with scores as low as 580.

Here's a quick look at what they offer:

• Loan Types: Conventional, FHA, VA, Jumbo
• Refinance Options: Rate-and-term, Adjustable-rate, Cash-out, FHA/VA Streamline
• Minimum Credit Score: 620 (Conventional), 580 (FHA/VA)
• Availability: All 50 states and Washington D.C.

One thing to keep in mind is that while Rocket Mortgage is known for its convenience, some reviews suggest their closing costs can be a bit higher than the average. However, they do sometimes offer incentives, like discounts if you refinance within 18 months of your original Rocket Mortgage loan. It's always a good idea to compare the total costs, not just the advertised rate, when looking at any lender. You can use their online tools to get an idea of potential savings, though the exact details of how those calculations are made aren't always clear.

Refinancing your mortgage can be a smart move to potentially lower your monthly payments or tap into your home's equity. It's worth exploring options like those from Rocket Mortgage, especially if you value a streamlined online experience. Just be sure to look at the full picture of costs involved to make sure it's the right financial decision for you.

They also have a feature where you can get a quick mortgage review, which they say takes only a few minutes, to see what refinance options might be available. This could be a good starting point if you're just beginning to explore refinancing and want to see what's out there. A no-closing-cost mortgage can help home buyers overcome the financial hurdle of closing costs [f9d6].

5. Better Mortgage

Better Mortgage is a company that's been making waves in the mortgage industry, especially if you're looking to refinance without a ton of upfront costs. They really try to make the whole process feel less like a chore and more like, well, a better experience.

One of the standout things about Better is how they handle closing costs. While it's rare to find a lender that covers everything, Better often provides significant discounts, especially if you use their agent-matching service. They also have a program called the HOPE Grant, which can give qualified buyers a nice chunk of change for down payments or closing costs. It's not exactly 'no closing costs,' but it's pretty close to getting a big helping hand.

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

• No application or underwriting fees: This is a big one right off the bat. Many lenders charge for these, so Better cutting them out saves you money before you even get deep into the process.
• Fast preapproval: They claim you can get preapproved in as little as three minutes. That's super quick if you're trying to move fast.
• Rate-match guarantee: They'll match a rate you find elsewhere, up to a certain point, which is a nice bit of reassurance.
• 24/7 customer support: Being able to reach someone anytime can be a lifesaver when you're dealing with something as big as a mortgage.

They do have some limitations, like not offering USDA loans, and you won't find any physical branches to walk into. But if you're comfortable doing most of your business online and you're looking for a lender that tries to minimize those pesky upfront fees, Better Mortgage is definitely worth a look. They're a good option if you're thinking about a cash-out refinance to tap into your home equity.

The whole mortgage process can feel overwhelming, with all the paperwork and fees. Companies like Better Mortgage are trying to simplify things, focusing on making it easier for people to get the loans they need without getting bogged down by initial expenses.

6. Alliant Credit Union

Alliant Credit Union is a solid choice if you're looking to refinance your mortgage without breaking the bank on closing costs. They're known for being pretty upfront about their fees, or lack thereof, which is always a good sign when you're dealing with something as big as a mortgage.

One of the standout features here is their Home Rewards program. You can get up to $6,500 back when you use their services, which can really help offset some of those smaller, often overlooked costs that pop up during a refinance.

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

• No Origination Fee: This is a big one. Origination fees can add hundreds, sometimes thousands, of dollars to your closing costs, so Alliant skipping this can be a significant saving.
• Low Down Payment Options: While not strictly a closing cost benefit, having options like a 3% down payment on conventional loans can make refinancing more accessible.
• Membership Requirement: To join Alliant, you typically need to make a small donation to a charity they support, like Foster Care to Success. They often cover this donation for you, making membership practically free.

They also have a pretty user-friendly website where you can get estimates for rates and closing costs, which is helpful when you're comparing different lenders. It's not always the easiest thing to get a clear picture of all the costs involved, so that transparency is a plus.

Alliant Credit Union generally operates in all 50 states and Washington D.C., though it's always a good idea to double-check if they serve your specific area. They aim to make the refinancing process straightforward, especially for those who want to avoid hefty upfront expenses.

7. Bank Of America

Bank of America is a big name in banking, and they also handle a lot of mortgage refinances. They're known for working with larger loan amounts, which is pretty neat if you have a high-value home.

One thing that stands out is their focus on existing customers. If you already bank with them, you might snag a discount on your interest rate or even some fees. They also have a program called Preferred Rewards that can give you a break on origination fees if you keep a certain amount of money in your accounts. It's not exactly a no-closing-cost deal, but those little savings can add up.

They offer a few different loan types, like conventional, FHA, and VA refinances, but keep in mind that FHA and VA options are usually just for people who already have a mortgage with Bank of America.

While they don't always advertise specific minimum credit scores, their sample rates often assume a pretty good score, like 740 or higher. So, if your credit isn't top-notch, you might want to check with them directly to see what's possible.

They also have some helpful online tools. You can pop in your address and get an idea of what your home might be worth by looking at similar sales in your area. That's a good starting point when you're thinking about refinancing.

Here's a quick look at some potential benefits:

• Existing customer perks: Potential discounts on rates and fees.
• Home value tools: Online resources to estimate your home's worth.
• Preferred Rewards: Savings on origination fees for eligible customers.
• Assistance programs: Up to $7,500 in closing cost grants in certain areas for eligible borrowers.

8. Pennymac

Pennymac is a pretty solid choice if you're looking to refinance, especially if you've got an FHA loan. They really seem to focus on those government-backed loans, making up a good chunk of their business. It’s nice that they’re available pretty much everywhere in the U.S., so location usually isn't an issue.

When it comes to fees, Pennymac can be a bit of a mixed bag. While they might not charge as much in lender fees as some other big names, their actual mortgage rates sometimes ended up being a little higher in our look at 2024. So, it’s a trade-off you’ll want to think about. It’s always a good idea to compare their rates with others before you commit.

Here’s a quick look at what they offer:

• Loan Types: They handle conventional, FHA, VA, USDA, and even jumbo loans. For refinancing, you can look at rate-and-term, adjustable-rate, and cash-out options. They also do specific FHA Streamline and VA IRRRL refinances.
• Credit Score Needs: Generally, you'll want a 620 credit score for conventional loans, but it can be lower for FHA, VA, and USDA loans, sometimes as low as 580.
• Flexibility: They offer flexible terms, letting you pick your payoff date, which is a nice touch.

Pennymac does have a program called the Protector Program. If you refinance with them and then mortgage rates drop significantly afterward, they'll waive the lender fees on a future refinance. It's a way to hedge your bets a bit.

If you're curious about what rates Pennymac might offer you, it's worth checking out their site to compare today's mortgage rates based on your specific situation.

9. Veterans United

Veterans United is a big name when it comes to VA loans, and that focus really shines through when you're looking to refinance. They handle pretty much every type of VA refinance out there, including cash-out options, the VA IRRRL (Interest Rate Reduction Refinance Loan), and even jumbo VA loans. It's pretty cool that they cater specifically to military members and their families, offering 24/7 customer service, which is a huge plus given the often-unpredictable schedules that come with military life.

When you're thinking about refinancing, especially a VA loan, it's important to know what your options are. Veterans United makes it straightforward:

• Rate-and-term refinance: This is the standard refi to get a better interest rate or change your loan term.
• Cash-out refinance: If you need some funds for other things, this lets you borrow more than you owe and take the difference in cash.
• VA IRRRL: This is a specific type of refinance for existing VA loans, designed to lower your interest rate or monthly payment. Refinancing a VA loan can be a smart move for long-term savings.

They also have a minimum credit score requirement of 620 for conventional loans, which is pretty standard. What really sets them apart, though, is their dedication to the military community. They've got a high customer satisfaction score, which tells you they're doing something right.

It's not just about getting a new loan; it's about finding a partner who understands your unique situation. For veterans and active-duty military, that understanding can make all the difference in a potentially complex process like refinancing.

10. Rate

When you're looking into refinancing, keeping an eye on the interest rate is pretty much the main event. It's the number that directly impacts how much you'll pay over the life of your loan. While many companies advertise 'no closing costs,' it's important to understand what that really means. Sometimes, those costs are just rolled into a slightly higher interest rate, which can cost you more in the long run. It's a trade-off, and you need to figure out which one works best for your situation.

As of December 14, 2025, the national average APR for a 30-year fixed refinance was around 6.68 percent, and for a 15-year fixed, it was about 6.09 percent. These numbers are just averages, though. Your actual rate will depend on a bunch of things, like your credit score, the loan term, and the lender themselves. Shopping around is key to finding a rate that fits your budget.

Here's a quick look at what influences your refinance rate:

• Credit Score: A higher score generally means a lower rate.
• Loan Type: Fixed-rate, adjustable-rate, FHA, VA – they all have different rate structures.
• Loan Term: Shorter terms usually have lower rates.
• Market Conditions: General economic factors play a big role.
• Discount Points: Paying points upfront can lower your rate, but it's an added cost.

It's easy to get caught up in the idea of 'no closing costs,' but always do the math. Compare the total cost of the loan over its entire term, factoring in both the interest rate and any fees, even if they're hidden. A slightly higher rate with truly no closing costs might be better than a lower rate where costs are bundled in.

When comparing lenders, look beyond just the advertised rate. Check out their loan options and see if they offer features like rate float downs, which can protect you if rates drop between locking your rate and closing. Remember, the goal is to find the most affordable and suitable refinance option for your financial future. Don't be afraid to ask lenders to explain all the details, especially how no-closing-cost options might affect your overall loan expense.

Wrapping It Up

So, looking to refinance your mortgage without all those upfront costs? It's definitely doable in 2025. We've checked out a bunch of lenders, and some really stand out for helping you avoid those hefty closing fees. Remember, even with 'no-closing-cost' options, those costs are usually just rolled into your loan, meaning you'll pay a bit more over time. It's all about finding that sweet spot that works for your wallet right now and your long-term financial plan. Take your time, compare what these companies are offering, and pick the one that feels like the best fit for you. Happy refinancing!

Frequently Asked Questions

What does 'no-closing costs' really mean for a mortgage refinance?

When a lender says 'no-closing costs' for a mortgage refinance, it usually means they're covering some of the usual fees you'd have to pay upfront, like application or appraisal fees. Sometimes, they might just roll these costs into your new loan amount, so you're not paying them out-of-pocket right away, but you'll end up paying a bit more over time because your loan balance will be higher.

Are 'no-closing cost' refinances always the best deal?

Not always! While it's great not to pay cash upfront, lenders often add those costs back into the loan. This means you'll pay more interest over the life of the loan. It's super important to compare the total cost of refinancing with different lenders, not just the upfront fees.

How can I find out if a lender offers no-closing costs?

You can check the lender's website for details about their refinance programs. The best way is to directly ask a loan officer or representative about their 'no-closing cost' options and get a clear breakdown of what fees are included or waived, and if they're rolled into the loan.

What are common closing costs I might avoid with a no-closing cost refinance?

Typical closing costs can include things like appraisal fees, title searches, origination fees, and recording fees. With a 'no-closing cost' option, the lender might cover some or all of these, but it's crucial to understand exactly which ones are being waived or financed.

Can I refinance with my current mortgage company without closing costs?

It's possible, but not guaranteed. Your current lender might offer incentives to keep your business, but you should always compare their offer with what other companies are providing. Shopping around is the best way to ensure you're getting the best deal, even if you decide to stay with your current lender.

What's the difference between a no-closing cost refinance and a lender credit?

A 'no-closing cost' refinance typically means the lender absorbs certain fees, either by waiving them or adding them to your loan balance. A lender credit is a specific amount of money the lender gives you at closing to help cover your closing costs. Both can reduce your out-of-pocket expenses, but how they affect your overall loan cost can differ.