The Best Home Refinance Company

Refinancing your mortgage is one way to improve your financial position, but for the move to make sense you need to first find the right lender. The best refinance companies will offer competitive interest rates, a smooth application process and a variety of loan options to choose from. First, use Money’s mortgage refinance calculator to easily estimate how much you can save by reducing the interest rate on your home loan. Then, to find the right loan for you, compare offers from multiple lenders. We think these eight mortgage lenders are the best place to start.

Our Top Picks for the Best Mortgage Refinance Lenders of November 2022

• Rocket Mortgage – Best Refinance Lender Overall
• loanDepot – Best for Online Mortgage Refinancing
• Zillow – Best Marketplace
• Better – Best for Fast Closing Time
• Navy Federal Credit Union – Best Credit Union
• Ally Financial – Best for Jumbo Loans
• Nationwide – Best for Borrowers with Poor Credit
• Bank of America – Best for Member Discounts

Best Mortgage Refinance Reviews

Why we chose it: We chose Rocket Mortgage (formerly Quicken Loans) as the best overall mortgage refinance company for its excellent track record in customer satisfaction and web-based customer support. In 2021, Rocket originated more mortgages than any other company in the United States. Rocket Mortgage (NMLS ID# 3030) has ranked in the top 3 in the J.D. Power U.S Primary Mortgage Origination Satisfaction Study for eight consecutive years. Although the company is deeply rooted in online technology, it also has over 3,000 home loan experts available seven days a week to help you complete your application over the phone. You can get in-person assistance from an independent mortgage broker affiliated with Rocket. Rocket Mortgage is one of the lenders that offer Fannie Mae’s RefiNow and Freddie Mac’s Refi Possible refinance options for those with a debt-to-income ratio of up to 65% who currently have a mortgage with either one of the government-sponsored enterprises. Homeowners who qualify for these programs will see a reduction of at least 0.5% of their interest rate and can also take advantage of up to $500 to cover appraisal costs. To qualify, the homeowner must have a good payment history, a FICO credit score of 620 or higher, and at least 3% equity in a one-unit primary residence.