Best mortgage refinance lenders in 2025

• Availability: All U.S. states
• Loans offered: Conventional, jumbo, FHA, VA, refinancing
• Credit requirements: 620 for conventional loans; 680 for jumbo loans; 640 for FHA loans and VA loans
• Where to find: Branch locations and online

Chase scores well for affordability, availability and borrower experience, and we gave it the Bankrate Award for best lender for refinancing in 2025. As the biggest bank in the U.S., it offers a range of services out of thousands of branch locations, including help with refinancing your mortgage through a rate-and-term or cash-out loan. The bank also makes it easy to compare current refinance rates right on its website, without needing to log in or create an account.

• Availability: All U.S. states
• Loans offered: Conventional, jumbo, FHA, VA, refinancing
• Credit requirements: 620 for conventional loans
• Where to find: Branch locations and online

Bank of America scores well for affordability, availability and borrower experience. The bank’s mortgage refinancing options include rate-and-term and cash-out refinancing, and its website hosts many resources for homeowners considering a refi, including a customizable rate tool and a home value estimator.

• Availability: All U.S. states
• Loans offered: Conventional, FHA, VA, refinancing
• Credit requirements: 620 for conventional loans and VA loans; 580 for FHA loans
• Where to find: Online

Better scores well for affordability, availability and borrower experience. This online-only lender works with borrowers on rate-and-term, cash-out and streamline (FHA and VA) refinances, and allows you to personalize its current ref rate offers on its website. If you’re a returning customer, you won’t pay a lender fee to refinance, either.

• Availability: All U.S. states
• Loans offered: Conventional, jumbo, VA, refinancing
• Credit requirements: Undisclosed
• Where to find: Branch locations and online

Navy Federal Credit Union scores well for affordability, availability and borrower experience. It specializes in VA loans, but also offers conventional refinancing plus a rate match guarantee if you find a lower rate elsewhere. In addition, the credit union allows you to refinance into a 5/5 adjustable-rate mortgage — which can help you save money for the first five years — if you qualify.

• Availability: All U.S. states
• Loans offered: Conventional, jumbo, FHA, VA, refinancing
• Credit requirements: 650 for conventional loans; 700 for jumbo loans; 620 for FHA loans
• Where to find: Branch locations and online

PenFed Credit Union scores well for affordability, availability and borrower experience, and its refinance options include rate-and-term, cash-out and the VA streamline, or Interest Rate Reduction Refinance Loan (IRRRL). Notably, you won’t pay lender fees on IRRRLs.

• Availability: All U.S. states
• Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing
• Credit requirements: 620 for conventional loans, jumbo loans and FHA loans; 640 for USDA loans
• Where to find: Branch locations and online

PNC Bank scores well for affordability, availability and borrower experience. Conveniently, you can review the bank’s current refinance rates on its website, as well as take advantage of its calculator to help you estimate potential refi savings. In addition, although you’re refinancing, you might still be eligible for the bank’s closing cost grant.

• Availability: All U.S. states except Hawaii and New York*
• Loans offered: Conventional, jumbo, FHA, VA, refinancing
• Credit requirements: 620 for conventional loans; 600 for FHA loans and VA loans
• Where to find: Online

*SoFi offers mortgages everywhere except Hawaii, and offers refinances everywhere except Hawaii and New York.

SoFi scores well for affordability, availability and borrower experience, with mortgage refinance options like rate-and-term and cash-out. If you’re a SoFi member, you could get a $500 discount on refi fees, too.