Thinking about refinancing your home loan in 2025? It's a smart move if you're looking to snag a better interest rate or tap into your home's equity. But with so many companies out there, figuring out who's actually good can feel like a puzzle. We've looked into some of the top contenders for the best companies to refinance home loan this year, so you don't have to start from scratch. Let's see who might be a good fit for you.

Key Takeaways

• CrossCountry Mortgage stands out for its overall rate and fast closing times.
• New American Funding is a strong choice if you're focused on securing low rates.
• Navy Federal Credit Union is a top pick, especially for military members.
• Rocket Mortgage often gets praise for its customer satisfaction.
• Pennymac offers a variety of loans and has lower fees than many competitors.

1. CrossCountry Mortgage

When you're looking to refinance your home loan, CrossCountry Mortgage often pops up as a top contender, and for good reason. They really stand out in the crowd, especially if you're aiming for a quick closing. Seriously, some people have managed to wrap things up in as little as 10 days, which is pretty wild compared to the usual wait times.

They offer a bunch of different refinance options, which is nice because not everyone's situation is the same. You can look into rate and term refinances, FHA, VA, and USDA loans, plus cash-out options if you need some funds for other things. They even handle renovation loans and HELOCs.

What's also pretty cool is that they seem to work with a pretty wide range of credit scores. While some loan products might have specific requirements, they mention a minimum score of 500 for some, which is lower than what a lot of other places ask for. This opens the door for more homeowners to potentially refinance.

One thing to keep in mind is that while they have a lot going for them, like fast closings and a variety of loan types, they don't always put sample rates or fee information right on their website. So, you'll likely need to get in touch with them directly to get the nitty-gritty details for your specific situation.

Here's a quick look at some of the things they offer:

• Loan Types: Rate and term, FHA, VA, USDA, cash-out, renovation loans, HELOCs.
• Closing Speed: Can be as fast as 10 days.
• Credit Score: Minimum of 500 for some products.
• Availability: They operate in all 50 states, plus Washington D.C. and Puerto Rico.

Overall, CrossCountry Mortgage seems like a solid choice if you're looking for speed and flexibility when refinancing, especially if you have a less-than-perfect credit score.

2. New American Funding

New American Funding is a solid choice if you're looking to refinance your home loan, especially if you're aiming for a lower interest rate. They've consistently shown competitive rates, which can make a real difference in your monthly payments and how much you pay over the life of the loan. What's also pretty neat is that they have a lower credit score requirement compared to some other lenders out there, opening the door for more homeowners.

One of the things that stands out is their speed. They often have a quick closing time, which is great if you're eager to lock in a new rate or get cash out sooner rather than later. They also offer a variety of refinance options, including rate and term, cash-out, and even streamline options for FHA and VA loans. This flexibility means they can likely handle different homeowner needs.

Here's a quick look at what they offer:

• Rate and Term Refinances: Adjust your interest rate or loan term without taking cash out.
• Cash-Out Refinances: Tap into your home's equity for extra funds.
• HELOCs: Home Equity Lines of Credit can provide ongoing access to funds.
• FHA and VA Streamline Refinances: For borrowers with government-backed loans looking for an easier refinance process.

While they don't always advertise specific fees or closing costs upfront on their website, which can be a bit of a drawback for comparison shopping, their focus on accessible rates and a streamlined process makes them a strong contender.

They seem to be a lender that tries to make refinancing accessible to a wider range of people, not just those with perfect credit. The ability to close quickly is also a big plus for many.

If you're someone who has had trouble qualifying with other lenders due to credit history, or if you're just really focused on getting the absolute best rate possible, it's definitely worth getting a quote from New American Funding.

3. Navy Federal Credit Union

If you're a member of the military or a veteran, Navy Federal Credit Union is definitely a place to check out for refinancing your home loan. They really specialize in VA loans, which can come with some pretty sweet benefits.

What's cool is that they have this thing called the Special Freedom Lock. It lets you lock in your interest rate for a good 60 days. Plus, you can get up to two rate float downs, which means if rates drop a bit, you can potentially snag that lower rate without paying extra. That's a nice perk, especially when rates are a bit jumpy.

They do charge a 1% origination fee, but you can get out of that if you're willing to accept a slightly higher interest rate – about 0.25% more. It's a trade-off to consider depending on what's more important to you.

Refinancing with Navy Federal means you're working with an institution that understands the unique needs of service members and their families. Their focus on VA loans and borrower-friendly features can make a big difference in the refinancing process.

Here's a quick look at what they offer:

• Loan Types: Primarily VA and conventional refinance loans. This includes rate and term, cash-out, and VA streamline options.
• Rate Lock Flexibility: Special Freedom Lock for 60 days, plus options for rate float downs.
• Membership Requirement: You need to be a member to use their services, which is typical for credit unions.
• Origination Fee: A 1% fee is standard, but can be waived with a rate increase.

4. Rocket Mortgage

Rocket Mortgage often pops up when people talk about refinancing, and for good reason. They've built a reputation for being a go-to for a smooth, online experience. If you're someone who likes handling things from your couch, this might be right up your alley. They consistently score well in customer satisfaction surveys, which tells you people generally have a good experience working with them.

One of the big draws is their fully digital process. From applying to closing, you can often do it all online. This can really speed things up compared to traditional lenders. Plus, they offer a variety of loan types, including rate and term refinances, VA, FHA, and cash-out options, so they can likely handle most common refinancing needs.

Here's a quick look at what they offer:

• Fully online application and closing process
• Good customer satisfaction ratings
• Variety of refinance loan options
• Potential closing-cost discounts

They do have some downsides, though. Some borrowers have noted that their closing costs can be a bit higher than average. Also, while they have a decent minimum credit score requirement (around 620 for conventional loans), their loan options might be more limited compared to some other big players if you have very specific or unusual needs.

Rocket Mortgage aims to make the refinancing process as straightforward as possible, especially for those comfortable with technology. Their focus on customer experience and digital tools has made them a popular choice for many homeowners looking to adjust their mortgage terms.

If you're looking for a lender that prioritizes a tech-forward approach and generally gets good marks from its customers, Rocket Mortgage is definitely worth a look for your 2025 refinance.

5. Pennymac

Pennymac is a company that offers a good number of options when it comes to refinancing your home loan. They're known for accepting borrowers with a credit score as low as 620, which is pretty accessible for many homeowners. When it comes to fees, Pennymac keeps things relatively simple. They charge lender fees that are generally lower than what you'd find elsewhere. You'll either pay a flat fee of $500 or 0.95% of the loan amount. Both of these options tend to be less than the typical 1% to 2% that many other lenders charge.

While Pennymac has some attractive points, especially their lower credit score requirement and fee structure, it's worth noting that their mortgage rates sometimes came in a bit higher compared to other lenders we looked at. This doesn't mean they aren't a solid choice, but it's something to keep in mind when you're comparing offers.

Here's a quick look at what Pennymac offers:

• Wide range of refinance loans: They have various loan products to fit different needs.
• Low minimum credit score: A 620 credit score is often enough to qualify.
• Competitive lender fees: Their fee structure is generally more affordable than the industry standard.

When considering any mortgage refinance, it's always a good idea to get quotes from a few different places. What works best for one person might not be the perfect fit for another, and comparing rates and fees is key to saving money in the long run.

6. Movement Mortgage

Movement Mortgage is a company that might catch the eye of property investors looking to refinance. They offer specific loans, like conventional and cash-out Debt-Service Coverage Ratio (DSCR) loans. These are designed for people who own rental properties and need to access cash. The cool thing about these DSCR loans is that they let investors use different kinds of income proof, not just the usual pay stubs. Think bank statements or profit and loss reports – that can be a big help if your income isn't straightforward.

To get one of these DSCR loans from Movement, you'll generally need a credit score of at least 640. They also have a limit on how much you can borrow compared to your property's value, capping it at 80% Loan-to-Value (LTV). Plus, the rental income from the property needs to be enough to cover at least 75% of the mortgage payment itself.

It's worth noting that when we looked into Movement Mortgage, their website didn't have a lot of details about closing costs or specific lender fees. They also didn't provide sample rates, and they didn't get back to us when we asked for more information. This lack of transparency can make it a bit harder to compare them directly with other lenders.

If you're an investor with rental properties, Movement Mortgage's DSCR loans could be a good option to explore, especially if you have alternative income documentation. Just be prepared to do a bit more digging to get all the financial details you might need for comparison.

7. AmeriSave Mortgage Corporation

AmeriSave Mortgage Corporation is a company that's been around for a while, with over 20 years of experience in the mortgage business. They've got an A+ rating with the Better Business Bureau, which is pretty good. What stands out is their focus on making the process pretty straightforward, especially if you're looking to refinance.

They offer a bunch of different loan types, which is helpful. You can look into conventional loans, FHA, and VA loans, and even options for people who own rental properties or use bank statements to show income. They also have options for cash-out refinances and home equity loans, letting you tap into your home's value.

One thing to note is their minimum credit score requirement. While some loan products might have flexibility, they generally look for a score of at least 600. They also mention that you can prequalify online without it affecting your credit score, which is a nice touch.

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

• Loan Options: Conventional, FHA, VA, bank statement, rental income only, cash-out refinance, home equity loans.
• Prequalification: Available online with no hard credit pull.
• Credit Score: Generally a minimum of 600, but can vary by loan product.
• Experience: Over 20 years in business with an A+ BBB rating.

AmeriSave aims to provide a clear path for homeowners looking to adjust their mortgage terms or access their home's equity. They provide tools online to help you get started, and they handle a lot of their loans in-house, which can sometimes speed things up.

They don't always show sample rates or fees directly on their website, so you'll likely need to get a personalized quote to see exactly what they can offer you. But if you're looking for a company with a solid track record and a variety of refinancing choices, AmeriSave is definitely worth checking out.

8. LoanDepot

LoanDepot is a pretty big name in the mortgage world, and for good reason. They handle a lot of loans, and people generally seem to have a good experience with them.

Many customers point to LoanDepot for their efficient service and positive interactions with loan officers. It’s one of those companies where you can often get things done without too much fuss. They offer a variety of loan types, which is always a plus when you're looking to refinance.

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

• Rate and term refinances: Standard option to swap your current loan for a new one with a different rate or term.
• Cash-out refinances: Allows you to tap into your home's equity for extra cash.
• FHA and VA loans: Options for those with specific government-backed loan types.
• HELOCs: Home Equity Lines of Credit can be an option for some homeowners.

When you're looking into refinancing, it's easy to get caught up in just the interest rate. But remember to also consider the closing costs and any fees involved. Sometimes a slightly higher rate with lower fees can end up saving you more money in the long run, especially if you plan to move or refinance again before the loan term is up. It’s all about finding the right balance for your personal financial situation.

They’ve been around for a while and have built up a reputation for getting the job done. If you're looking for a lender that handles a high volume of business and generally gets good feedback, LoanDepot is definitely worth a look. You can check out their refinance options to see if they fit what you're looking for.

9. Better Mortgage Corporation

Better Mortgage Corporation is a company that's been making waves in the mortgage industry, and for good reason. They really focus on making the whole process feel less like a chore and more like, well, something manageable. Their whole approach is built around technology to speed things up and cut down on the usual paperwork headaches.

When you're looking to refinance, Better Mortgage has a few things that stand out. They've got a pretty straightforward online platform where you can get quotes and manage a lot of the application process. This is a big deal because, let's be honest, nobody enjoys spending hours on the phone or in meetings.

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

• Digital Application Process: You can start, track, and even close on your loan right from your computer or phone.
• Competitive Rates: They aim to provide good interest rates, which is obviously a major factor when you're trying to save money.
• Variety of Loan Options: While they focus on streamlining, they still offer different types of refinance loans to fit various needs.
• Customer Support: Even with all the tech, they usually have people available to help if you get stuck or have questions.

The mortgage world can feel pretty overwhelming, with all sorts of terms and steps that don't make much sense to the average person. Companies like Better Mortgage try to simplify this by using technology to make things clearer and quicker. It's about taking a big, potentially stressful event and making it feel more accessible.

It's worth checking them out if you're tired of the old-school way of doing things and want a more modern, efficient experience for your home loan refinance.

10. Guild Mortgage Company

Guild Mortgage Company has been around for a while, since 1960 actually, and they've built a reputation for being a solid choice for refinancing. They work with a lot of different types of loans, which is pretty handy if you're not sure exactly what you need.

They offer a good range of refinance options, including:

• Rate and term refinances
• Cash-out refinances
• FHA and VA refinances
• Conventional loans

One thing that stands out is their focus on making the process smooth. They have a digital platform that's supposed to help you through the steps, from applying to closing. It’s not always perfect, but it’s nice that they’re trying to keep things modern.

While Guild Mortgage doesn't always have the absolute lowest advertised rates compared to some of the online giants, their strength often lies in personalized service and a more traditional approach to lending. They might be a good fit if you prefer working with a loan officer who can guide you through the details.

They also have a pretty wide reach, serving customers in most of the U.S. If you're looking for a company with a long history and a variety of loan products, Guild Mortgage is definitely worth a look when you're comparing your refinance options.

Wrapping It Up

So, looking to refinance your home loan in 2025? It's definitely a smart move if you can snag a better rate or tap into your home's equity. We've looked at some solid companies like CrossCountry Mortgage, New American Funding, Navy Federal Credit Union, and Rocket Mortgage, each with their own strengths. Remember, the 'best' one really depends on what you need – maybe you want the lowest rate, the fastest closing, or the best customer service. Don't just pick the first name you see. Take some time, compare a few options, and make sure the numbers add up for you. A little homework now could save you a lot of money down the road.

Frequently Asked Questions

What's the best company to refinance my home loan 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 all the costs and interest rates, and helps you get the best possible deal. It's smart to compare offers from a few different lenders to find the best fit for you.

How does refinancing a home loan work?

Refinancing means you replace your current home loan with a brand new one. This new loan might have a different interest rate, a different amount of time to pay it back, or a different monthly payment. Sometimes, you can also get cash out of your home's value when you refinance.

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

Not always. While your current lender might offer you a good deal, you could find an even better one by shopping around. Comparing offers from different lenders can help you find lower rates and costs, saving you money in the long run.

What are the main reasons people refinance their homes?

People often refinance to get a lower interest rate, which can lower their monthly payments. Others refinance to change their loan term (like switching from a 30-year to a 15-year loan) or to take cash out of their home's value for things like home improvements or paying off other debts.

What's a 'rate and term' refinance?

A rate and term refinance is when you get a new loan to replace your old one, usually to get a lower interest rate or to change the length of time you have to pay back the loan. The goal is typically to make your monthly payments more affordable or to pay off your loan faster.

What is a 'cash-out' refinance?

A cash-out refinance lets you borrow more money than you currently owe on your mortgage. You get the extra money as a lump sum, which you can use for anything you need, like home renovations, paying off high-interest debt, or covering unexpected expenses. Your new loan will be larger, and your monthly payments will likely increase.