Looking to refinance your mortgage in December 2025? You're not alone. With interest rates showing some movement, many homeowners are exploring their options to potentially lower their monthly payments or tap into their home's equity. Finding the best banks to refinance mortgage can feel like a big task, but we've done some digging to help you out. This list focuses on lenders that stand out for their rates, customer service, and variety of loan options, making the process a bit smoother for you.

Key Takeaways

• CrossCountry Mortgage is highlighted for offering competitive overall rates and fast closing times.
• Rocket Mortgage is noted as a top choice for customer satisfaction and is a leading lender for conventional loan refinances.
• Bank of America is a good option for those looking to refinance larger loan amounts, catering to high-value homes.
• Citibank is recognized for its competitive refinance loan costs and strong customer satisfaction scores.
• Fifth Third Bank is mentioned for its low loan costs, though its service area is limited to certain states.

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 stand out for a few key things that make the whole process smoother for a lot of people. They've managed to get a really high score in our analysis, which means they're doing a lot of things right.

One of the big draws is how quickly they can close a loan. We're talking as little as 10 days sometimes, which is super fast compared to the usual 30 to 45 days you might expect. If you're in a hurry to lock in a new rate or just want to get things done quickly, this is a huge plus.

Here's a quick look at what they offer:

• Loan Variety: They have a pretty wide range of refinance options, including rate and term, FHA, VA, USDA, cash-out, and even renovation loans. They also do HELOCs.
• Credit Score Flexibility: You might be able to refinance even if your credit score isn't perfect. They have products that work for scores as low as 500, though some loans might have different requirements.
• Availability: They operate in all 50 states, plus Washington D.C. and Puerto Rico, so most people can work with them.

While they don't put sample rates or fee information right on their website, which can be a bit of a hassle, their overall package of speed, loan options, and accessibility makes them a strong choice for many homeowners looking to refinance.

They also offer rate float downs, which is a nice feature if you're worried about rates going up while your loan is being processed. It gives you a bit more peace of mind.

2. Rocket Mortgage

Rocket Mortgage is a big name in the mortgage world, and for good reason. They've consistently landed high marks in customer satisfaction surveys, which tells you people generally have a good experience working with them. If you're looking to refinance, they offer a pretty straightforward online process.

They're especially known for their customer service and a fully digital approach to getting a mortgage. This can make things feel pretty simple, especially if you're comfortable managing things online.

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

• Loan Types: They handle conventional loans, FHA, VA, and even jumbo loans. You can get rate-and-term refinances, adjustable-rate mortgages, and cash-out options. They also do FHA and VA streamline refinances.
• Credit Score: Generally, you'll need a credit score of at least 620 for conventional loans, though FHA and VA loans can sometimes be approved with scores as low as 580.
• Speed: While not always the absolute fastest, they aim for a smooth and efficient process.
• Perks: Sometimes they offer discounts on closing costs if you've refinanced with them before, which is a nice little bonus.

One thing to keep in mind is that while they often have competitive rates, the closing costs can sometimes be a bit higher than with other lenders. It's always a good idea to compare the total cost, not just the interest rate.

Rocket Mortgage really shines when it comes to making the application and closing process feel easy and accessible, especially for those who prefer doing most of their business online. They've built a reputation for being user-friendly.

3. Bank of America

Bank of America is a solid choice if you're looking to refinance, especially if you already bank with them. They're known for handling larger loan amounts, which is great if you have a high-value home. In 2024, their median refinance loan amount was a pretty significant $815,000. Plus, existing customers might snag some discounts on interest rates or fees, which is always a nice perk.

They offer a variety of loan types, including conventional, FHA, VA, and jumbo loans. You can also do rate-and-term, adjustable-rate, and cash-out refinances. One cool feature is their Real Estate Center on their website; you can pop in your address and get an idea of your home's worth by looking at similar sales in your area. That kind of info is super helpful when you're thinking about refinancing.

Here's a quick look at what they offer:

• Loan Types: Conventional, FHA, VA, Jumbo
• Refinance Options: Rate-and-term, Adjustable-rate, Cash-out
• Customer Satisfaction: Highly rated by J.D. Power
• Existing Customer Benefits: Potential rate or fee discounts

It's worth noting that while they don't publish minimum credit scores, their sample rates are often based on a FICO score of 740 or higher. Also, FHA and VA refinances are typically only available to current Bank of America mortgage holders. Still, for many, especially those with larger mortgages, Bank of America is a strong contender. You can check out current mortgage rates to see how they compare this week.

Refinancing can be a smart move to lower your monthly payments or tap into your home's equity. It's important to compare offers from different lenders to find the best fit for your financial situation.

4. Citibank

Citibank is a big name in banking, and they also handle mortgage refinances across all 50 states. They offer a few different loan types, including conventional, FHA, VA, and jumbo loans, and you can do rate-and-term, adjustable-rate, or cash-out refinances with them.

Citibank often stands out for its competitive loan costs, which is great news when you're trying to save money. According to some analyses, they've provided lower-than-median loan costs to borrowers. Plus, if you're already a Citibank customer, you might get a little something extra, like a discount on closing costs. They even have a special code, 10818, for $500 off.

Here's a quick look at what they offer:

• Loan Types: Conventional, FHA, VA, Jumbo
• Refinance Options: Rate-and-term, Adjustable-rate, Cash-out
• Availability: All 50 states and Washington, D.C.
• Customer Satisfaction: They've scored really well in customer satisfaction studies.

One thing to keep in mind is that their sample rates often mention "excellent credit." This usually means a pretty high credit score, sometimes 800 or above, so it's good to check if you fit that profile. They also sometimes lower their sample rates by using discount points, which means you pay an upfront fee to get a lower interest rate. It's worth looking into the current national average APR for a 30-year fixed refinance, which is around 6.79 percent as of December 5, 2025, to see how their offers compare.

When you're looking at refinancing, it's not just about the advertised rate. You've got to consider all the fees, what kind of credit score they're basing their rates on, and if any discounts apply to your situation. Getting a clear picture of the total cost is key.

5. Fifth Third Bank

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 having loan costs that are generally lower than the average, which can really add up over the life of your loan.

They might not be available everywhere, but where they are, they focus on keeping things affordable.

Here's a quick look at what they offer:

• Availability: You'll find Fifth Third Bank in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.
• Loan Types: They handle conventional, FHA, and jumbo loans. For refinancing, you can look at rate-and-term, adjustable-rate, cash-out, and even VA IRRRL loans.
• Credit Score: Fifth Third doesn't give out a specific minimum credit score. They look at your whole financial picture, including your credit history.

One cool thing they have is the Rate Drop Protector Program. If mortgage rates go down after you've refinanced with them, they'll waive lender fees on a future refinance. That's a nice bit of protection against rising rates.

When you're comparing banks for a refinance, it's easy to get caught up in just the advertised interest rate. But don't forget to look at the total cost of the loan, including all the fees. Sometimes a slightly higher rate with lower fees can end up being a better deal overall.

6. Pennymac

Pennymac is a lender that pops up when you're looking at mortgage refinancing options, especially if you're dealing with government-backed loans like FHA or VA. They actually do a good chunk of business in FHA refinances, so if that's your situation, they might know their stuff.

What's interesting is that Pennymac generally requires a lower credit score to get started, sometimes as low as 620 for conventional loans and even lower for FHA, VA, and USDA loans. This can make them a more accessible option for some homeowners.

When it comes to fees, Pennymac has a bit of a mixed bag. They do have a program called the Protector Program that can waive lender fees on a future refinance if rates drop after you've already refinanced with them. That's a pretty neat perk. However, some reviews mention that while their interest rates might be competitive, their loan costs can sometimes be higher than what other lenders charge. So, it's a good idea to look closely at the total cost, not just the rate.

Here's a quick look at what they offer:

• Specializes in FHA and VA loan refinances.
• Lower minimum credit score requirements for certain loan types.
• Protector Program to potentially waive future lender fees.
• Available in all 50 states and Washington D.C.

While Pennymac can be a solid choice, especially for government-backed loans, it's always smart to compare their total costs, including fees, with other lenders. Sometimes a slightly higher rate from another place might come with significantly lower fees, making it a better deal overall. Don't just look at the advertised rate; dig into the Loan Estimate to see the full picture.

7. 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 all the VA refinance options out there, including cash-out, IRRRL (Interest Rate Reduction Refinance Loan), and even jumbo loans if you need them. It's pretty neat that they offer 24/7 customer service, which is a huge plus for anyone, especially those serving our country who might be in different time zones or have unusual schedules.

They seem to really know their stuff when it comes to VA loans, which makes sense given how much of their business is dedicated to them. You'll find they work with a minimum credit score of 620 for their loans.

• All VA refinance types available
• 24/7 customer support
• High volume VA lender

If you're a service member or veteran, their specialized knowledge in VA loans could make the refinancing process smoother. They're set up to handle the specific requirements that come with these government-backed loans, which can sometimes be a bit tricky to figure out on your own.

8. New American Funding

New American Funding is a solid choice if you're looking to refinance your mortgage, especially if you're aiming for a lower interest rate. They often come in with rates that are a bit lower than what other big lenders are offering. Plus, they're known for being pretty flexible with credit scores, sometimes accepting scores as low as 500 for certain loan types, which is a big deal for folks who might not have a perfect credit history.

One of the standout features is their speed. They can often close loans much faster than the average, sometimes in as little as 10 days. This is great if you're on a tight timeline or just want to get things done quickly.

Here's a quick look at what they offer:

• Refinance Loan Types: They handle a good variety, including rate and term refinances, cash-out options, and even streamline refinances for FHA and VA loans.
• Credit Score Flexibility: They have options for borrowers with lower credit scores, with some products not even having a minimum requirement.
• Fast Closings: They're known for getting loans finalized quickly.

While New American Funding advertises competitive rates and flexible credit requirements, it's always a good idea to check their website for the most current fee structures and loan cost details, as this information isn't always readily available upfront.

They also offer some interesting loan terms, like interest-only options and even 40-year terms, which can help lower your monthly payments if that's what you're after. It's definitely worth getting a quote from them to see how they stack up against other lenders for your specific situation.

9. Navy Federal Credit Union

Navy Federal Credit Union is a solid choice if you're looking to refinance, especially if you have a military connection. They really focus on service members and veterans, which means they understand the ins and outs of VA loans pretty well. It's a credit union, so you do need to be a member, but for those who qualify, the benefits can be pretty good.

They offer a couple of refinance options, mainly VA and conventional loans. One cool thing they have is the Special Freedom Lock, which lets you lock in your rate for a longer period, 60 days to be exact. Plus, you can get a couple of rate float downs without paying extra, which can be a nice safety net if rates dip a bit after you lock. They do have a 1% origination fee, but you can get that waived if you're okay with a slightly higher interest rate. It's worth looking into if you're part of the military community and want a lender that gets it. Many customers have shared positive experiences, often mentioning how helpful the loan officers were throughout the process, making it a less stressful experience than they expected. You can check out their mortgage services for more details.

Refinancing with Navy Federal can be a good move for military families because they tailor their products and services to meet specific needs, often simplifying what can be a complicated process.

10. Rate

When you're looking to refinance your mortgage, the interest rate is obviously a big deal. It's the number that can save you a lot of money over the life of your loan, or cost you more. It's not just about the advertised rate, though; you've got to look at the whole picture.

Finding the best rate involves comparing offers from multiple lenders. Don't just go with the first one you talk to, or the one your current bank offers. Rates can change daily, and even a small difference can add up.

Here's what to keep in mind:

• APR vs. Interest Rate: The Annual Percentage Rate (APR) gives you a more complete cost of borrowing because it includes fees and other costs, not just the interest. Always compare APRs.
• Discount Points: Some lenders let you pay

Wrapping Things Up

So, that's our look at some of the top banks for refinancing your mortgage this December 2025. It's a big decision, for sure, and finding the right fit really depends on what you're looking for. Whether it's a super low rate, a quick closing, or special perks for military members, there are options out there. Remember to compare a few lenders, check out all the nitty-gritty details like fees, and don't be afraid to ask questions. Getting your mortgage sorted can make a real difference in your monthly budget, so taking the time to find the best deal is totally worth it.

Frequently Asked Questions

What's the best bank for refinancing a mortgage?

There's no single 'best' bank for everyone. The ideal choice depends on what you need. Look for a lender that offers the right loan types for your goals, is open about their rates and costs, and helps you get the best possible deal. It's always a good idea to compare offers from a few different lenders to find the one that fits you best.

How does refinancing a mortgage actually work?

Refinancing means you get a new loan to pay off your old mortgage. This new loan will likely have a different interest rate, a different amount of time to pay it back, and a different monthly payment. You can also get a 'cash-out' refinance, where the new loan is for more than you owe, and you get the extra money as a lump sum after paying off the old loan.

Is it cheaper to refinance with the same bank I have now?

Not always. While your current bank might offer you a good deal to keep your business, you could find even better rates or terms by shopping around with other lenders. Comparing offers from a few different places is the best way to make sure you're getting a great deal.

Will mortgage refinance rates go down soon?

Mortgage refinance rates have been moving lower. They tend to change a little bit every day. Keep in mind that the advertised rates are often for people buying a new home, and refinance rates can sometimes be a bit higher.

Which mortgage lender offers the lowest refinance interest rate?

Based on recent data, lenders like Bank of America, Pennymac, and Citibank have shown some of the lowest average interest rates for refinancing mortgages. However, these rates can change, and it's important to check current offers.

How do I pick the right lender to refinance my mortgage?

To choose a lender, start by applying for pre-approval with a few different companies. Then, carefully compare their interest rates and fees. The lender that offers you the best combination of a low rate and reasonable costs is likely the best choice for you.