Thinking about refinancing your mortgage in 2026? It's a smart move that could save you money or help you tap into your home's equity. But with so many lenders out there, picking the right one can feel like a puzzle. We've looked at some of the top contenders to help you find the best lenders to refinance mortgage, making the process a bit easier for you. Let's see who might be a good fit for your situation.

Key Takeaways

• Refinancing can lead to lower monthly payments or provide cash from your home equity.
• Shopping around with multiple lenders is key to finding the best refinance rates and terms.
• Consider lenders like Better for potentially lower rates and Rocket Mortgage for speed.
• Credit unions like PenFed offer competitive options, especially for members.
• Understand that fees and specific eligibility requirements vary significantly between lenders.

Better

When you're looking to refinance your mortgage, finding a lender that offers competitive rates is a big deal. It can seriously impact how much you pay over the life of your loan. Better.com is one of those companies that often pops up when people are talking about lower rates. They aim to make the whole process pretty straightforward, especially if you're looking to save some cash.

They're known for having rates that are often lower than what you find with many other lenders. This is a huge plus for anyone trying to get the best possible deal. Plus, they don't charge a lot of the typical lender fees, which can add up quickly with other companies. If you're someone who likes to keep a close eye on your budget, this could be a really good fit for you.

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

• Loan Types: They handle conventional loans, FHA, and VA loans, plus jumbo loans if you have a larger mortgage. Refinancing and home equity lines of credit (HELOCs) are also on the table.
• Loan Terms: You can usually get fixed-rate loans for 15 to 30 years.
• Credit Score: Generally, you'll need a credit score of at least 620 for conventional loans, and 580 for FHA loans.
• Availability: Better.com works in all 50 states and Washington D.C.

One interesting perk they sometimes offer is a credit if you decide to refinance with them again within three years of your initial closing. It's a nice little bonus that shows they're trying to keep customers happy. It’s worth checking out their current refinance rates to see how they stack up.

It's worth noting that Better.com doesn't have physical branches, so everything is done online. They also don't offer USDA loans. If you're looking for a lender that focuses on competitive pricing and a digital experience, Better.com is definitely worth a look.

Rocket Mortgage

Rocket Mortgage is a pretty big name in the mortgage world, and for good reason. They handle a huge number of home loans across the country. When it comes to refinancing, they often have rates that can compete with others, though it's worth noting that their fees might be a bit higher than some places.

One thing that really sets them apart is how fast they can sometimes close a refinance. We're talking about potentially half the national average time, and they even have a process called 'Overnight Underwrite' that can get you approved in just a couple of hours. That's pretty wild if you need things done quickly.

They also have a standout benefit for cash-out refinances. If you qualify, they can let you take out 100% of your home's equity, which is more than most other lenders allow – usually, it's capped around 80% or 90%.

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

• Loan Types: They handle conventional, FHA, and VA refinances, plus some specialized options like the Rocket ONE+.
• Speed: Known for quick closings, sometimes as fast as 21 days.
• Cash-Out: Can allow up to 100% equity extraction for qualified borrowers.
• Application: You can apply using their mobile app, which is handy.

While Rocket Mortgage is a giant in the industry and offers speed and flexibility, especially with cash-out options, remember to compare their fees alongside their rates to get the full picture for your specific situation.

LoanDepot

LoanDepot is a pretty big name in the mortgage world, and for good reason. They've made a name for themselves by making the refinancing process as smooth as possible, especially if you prefer doing things online. They're known for their fully remote closing options, which can be a real game-changer for busy people.

One of the standout features is their $1,000 on-time close guarantee. That's a nice bit of reassurance, right? Plus, if you're already a LoanDepot customer who refinanced a purchase mortgage with them, you might be able to skip lender fees on your new refinance. That could save you a decent chunk of change.

Here’s a quick look at what they offer:

• Mortgage Types: They handle conventional, FHA, VA, and jumbo loans, plus refinancing and HELOCs. So, a lot of bases are covered.
• Availability: You can refinance with them in all 50 states and Washington, D.C.
• Closing Speed: They aim for a quick closing, which is always a plus when you're trying to lock in a rate.

It's worth noting that while they have a lot going for them, their rates and specific fees aren't always listed upfront on their website. You'll likely need to get in touch with a loan officer to get the nitty-gritty details. But if you're looking for a lender that's really leaned into the digital experience and offers some unique perks for existing customers, LoanDepot is definitely worth a look when you're considering your refinance options.

Movement Mortgage

Movement Mortgage is a lender that has a few interesting programs, especially if you're looking at FHA loans. They have something called 'Movement Boost' which can help with down payments and closing costs for FHA mortgages. This could be a big help if you're trying to get into a home or refinance but are a bit short on cash for those upfront expenses.

They also say they have a pretty fast underwriting process. Apparently, they can get over 75% of their loans processed in about seven business days. That's significantly quicker than the national average, which is good if you're eager to get your refinance finalized.

Here's a quick look at what they offer:

• Loan Types: They handle conventional, FHA, VA, and USDA loans, plus jumbo, condo, construction, and renovation mortgages. They also do reverse mortgages and standard refinancing.
• Movement Boost: This program is specifically designed to assist with down payment and closing costs for FHA loans. It requires a credit score of at least 600 and a DTI of 56.99% or less. Keep in mind, this program isn't available in New York.
• Speed: Movement Mortgage claims a high percentage of their loans close in seven business days or less, thanks to their internal underwriting.

While Movement Mortgage has some unique programs like Movement Boost, it's always a good idea to compare their rates and fees with other lenders. Their speed is a definite plus, but making sure you get the best overall deal is key.

They operate in all 50 states, so most people should be able to work with them. If you're eyeing an FHA refinance and need some help with the upfront costs, Movement Mortgage is definitely worth looking into.

PenFed Credit Union

PenFed Credit Union is a solid choice if you're looking for a credit union that handles a lot of different mortgage refinance options. They're known for being a big player, especially when it comes to VA loans, and they have a pretty good reputation for making things work for borrowers. They don't charge closing costs on VA IRRRL loans, which can save you a nice chunk of change.

When it comes to refinancing, PenFed covers the bases with rate-and-term refinances for conventional, FHA, and VA loans. They also offer cash-out refinances and even home equity lines of credit (HELOCs). If you're looking to refinance a VA loan specifically, their Interest Rate Reduction Loan (IRRRL) is a standout feature, often coming with no closing costs. They can even help with jumbo loan refinancing, up to $3 million.

One of the cool things about PenFed is that they're available in all 50 states and Washington D.C., so location usually isn't an issue. To join, you just need to open a savings account with a small deposit, which is pretty standard for credit unions. They also provide helpful resources, like eBooks, to guide you through the VA loan process, which can be a big help if you're new to it. You can find more information about their VA loan options on their website.

Keep in mind, though, that PenFed doesn't offer USDA loans, so if that's what you're after, you'll need to look elsewhere. Also, while they don't advertise specific credit score requirements online, credit unions often look for decent credit, so it's worth checking in with them directly about your situation.

Magnolia Bank

Magnolia Bank might be a good option if you're looking to refinance, especially if your credit score isn't quite perfect. They seem to have a bit more flexibility compared to some of the bigger banks out there.

One thing that really stands out is their willingness to work with borrowers who might have lower credit scores. While many lenders want to see a score of at least 620 for conventional mortgage refinances, Magnolia Bank is known to consider applicants with scores as low as 580. That's a pretty significant difference for someone trying to get a better rate.

They also offer a range of loan types, including conventional, FHA, and VA loans, which covers a lot of ground for different homeowners. Plus, they're available nationwide, so location isn't a barrier.

• Conventional Loans: They consider scores down to 580.
• FHA Loans: Minimum credit score of 500.
• VA Loans: They offer 0% down payment options.
• Nationwide Availability: You can apply from any state.

While they have a strong focus on certain loan types and credit score flexibility, it's worth noting they don't offer home equity loans or lines of credit. So, if you're looking to tap into your home's equity at the same time you refinance, you might need to look elsewhere for that specific need.

PNC Bank

PNC Bank is a pretty solid option if you're looking to refinance your mortgage, especially if you're already a customer. They've got a big presence, with over 2,200 branches in 28 states, so you can do things online or pop into a physical location if that's more your style. They handle all sorts of loans – conventional, FHA, VA, USDA, and even jumbo loans if you've got a bigger mortgage. Plus, they offer options like HomeReady and Home Possible, which can be helpful.

PNC Bank is a good choice for borrowers who want a wide range of loan types and the flexibility of both online and in-person service.

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

• Loan Types: Conventional, FHA, USDA, VA, HomeReady, Home Possible, jumbo loans, and even home equity lines of credit (HELOCs).
• Terms: You can get fixed-rate mortgages with terms of 10, 15, 20, or 30 years. Adjustable-rate mortgages typically come in 7/1 or 10/1 terms.
• Property Types: They allow refinancing for primary residences, second homes, and even investment properties.
• Availability: They operate in all 50 states, which is a big plus.

One cool perk is that if you have $500,000 or more in deposits or investments with PNC, you might get a discount on your interest rate or fees. That's definitely something to look into if you're a big-time PNC customer.

They don't seem to offer specific loans for home renovations, so if that's your main goal, you might need to look elsewhere or consider a different type of loan product.

While they don't explicitly state a minimum credit score requirement for refinancing on their public-facing information, it's generally understood that major banks like PNC will have certain benchmarks they look for. It's always best to check directly with them or a loan officer to get the most accurate details for your specific situation.

First Federal Bank

First Federal Bank is a solid choice if you're looking to refinance, especially if you own investment properties or multiple units. They really seem to get that not everyone fits the standard mold, which is refreshing.

They handle a few different kinds of refinancing:

• Residential Refinancing: This is your typical home refinance, where you can change your interest rate, adjust how long you have to pay it off, or even pull out some cash. You can get up to 80% of your home's value this way.
• Investment Property Refinancing: This is where they shine. If you have rental homes, vacation spots, or even small apartment buildings, First Federal Bank is often more willing to work with you than a lot of other banks. They actually look at the rental income you're bringing in, which makes a big difference for qualifying.
• Commercial Refinancing: If you own your business building, they also have options for refinancing that.

They work through a network of mortgage brokers, so you'll likely apply with a broker who then sends your application to First Federal Bank for the actual underwriting and funding. It's not super clear online exactly what their interest rates are, but they do offer both fixed and adjustable rates, and people often say their pricing is pretty competitive, sometimes even better than what you'd find at a big bank.

It's good to know there are lenders out there who understand that different types of properties and income streams need different kinds of loan products. They're not just looking at your credit score in isolation.

While they don't have a flashy online platform like some of the newer companies, their focus on a wider range of borrowers and property types makes them worth considering, especially if you're an investor.

Rate

When you're looking to refinance your mortgage, the interest rate is probably the first thing that pops into your head. And honestly, it should be. It's the biggest factor in how much you'll pay over the life of the loan.

Right now, as of January 20, 2026, the average rate for a 30-year fixed mortgage is hovering around 6.38%, according to Zillow. But don't just grab the first rate you see. That number is just a starting point, and the rate you actually get can be quite different.

Several things play a role in the rate you're offered. Your credit score is a big one. Lenders see a higher score as less risk, so you'll likely get a better rate if you have good credit. Your loan-to-value (LTV) ratio matters too – meaning how much you owe compared to the home's value. A lower LTV usually means a better rate. Plus, the type of loan you choose, like a fixed or variable rate, will also affect the numbers.

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

• Credit Score: Higher scores generally mean lower rates.
• Loan-to-Value (LTV) Ratio: A smaller loan relative to your home's value often gets you a better rate.
• Economic Conditions: The overall health of the economy can push rates up or down.
• Loan Type: Fixed rates offer stability, while variable rates can change.

It's really important to shop around and compare offers from different lenders. What one lender offers might be significantly different from another. Getting quotes from multiple places is the best way to find the lowest refinance rates available for your specific situation. Don't be afraid to ask questions about all the fees involved, too, not just the rate itself. Sometimes, lower rates come with higher closing costs, and you need to figure out what makes the most sense for your finances.

Pennymac

Pennymac is a pretty big name when it comes to home loans, and they do a lot of refinancing business. They're often mentioned as a top choice, especially if you're looking for competitive rates. In fact, they've been noted for having APRs that come in lower than what you typically see elsewhere, which is definitely something to consider when you're trying to save money over the life of your loan. This focus on affordability makes them a strong contender for many homeowners.

When you're thinking about refinancing, it's helpful to know what lenders are good at. Pennymac seems to do well with government-backed loans, but they also handle a significant volume of conventional refinances. This means they're likely equipped to handle a wide range of borrower situations.

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

• Competitive interest rates, often below the industry average.
• A large volume of refinance loans processed annually.
• Experience with various loan types, including government-backed options.

It's worth noting that while their rates can be attractive, some borrowers have mentioned that the fees associated with their loans can be a bit higher than average. So, it's a good idea to look at the total cost, not just the interest rate, when you're comparing offers. You can check out their refinancing options to get a better sense of what they might offer you.

Wrapping It Up

So, looking to refinance your mortgage in 2026? It might seem like a lot to sort through with all the different lenders and options out there. But remember, taking the time to shop around and compare rates and fees from a few places can really pay off. Whether you're aiming for a lower monthly payment, want to tap into your home's equity, or just need to switch to better loan terms, there's a lender out there that fits what you need. Don't be afraid to ask questions and get quotes from a few different places – it’s your money, after all. Finding the right fit now could save you a good chunk of change down the road.

Frequently Asked Questions

Why should I think about refinancing my mortgage?

Refinancing can be a smart move for a few reasons. It might help you get a lower monthly payment, which saves you money over time. You could also use it to get some cash out of your home's value for things like home repairs or paying off other debts. Sometimes, it's just about switching to a loan with better terms that fit your life better.

What do I need to do to qualify for a mortgage refinance?

To get approved for a refinance, lenders will look at a few things about you. They'll check your credit score, how much you earn, how much debt you already have compared to your income, and how much your home is worth compared to what you owe. Meeting these requirements helps show lenders you can handle the new loan.

How can I find the best interest rates for refinancing?

Interest rates change all the time because of what's happening in the economy. The best way to find a good rate is to shop around and get quotes from several different lenders. Your personal financial situation, like your credit score and how much equity you have in your home, will also affect the rate you're offered.

What are the costs involved in refinancing a mortgage?

Refinancing usually comes with costs, often called closing costs. These can add up to about 2% to 6% of the total loan amount. Things like appraisal fees, title insurance, and other administrative charges are part of these costs. Some lenders offer 'no closing cost' options, but be aware that these costs are usually included in the loan's interest rate, making it higher.

Can I refinance if I have a lower credit score?

It can be a bit tougher to refinance with a lower credit score, but it's definitely possible. Some lenders will work with scores in the 500s or 600s. Just be prepared that you might end up with higher interest rates and fees compared to someone with a better credit history.

How often can I refinance my mortgage?

You can generally refinance your mortgage as many times as you want, but there's a catch. Some lenders have a rule that you need to wait a certain period, usually between six to 12 months, after your last mortgage before you can refinance again. This waiting time helps ensure the loan is stable.