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Best Mortgage Refinance Rates

Whether you're looking to cut your monthly payments down or change the length of your mortgage, we got you covered. Compare and choose the right refinancing offer to suit your needs.

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Compare Best Mortgage Refinance Providers

Rocket Mortgage

Mortgage Experts Available 24/7

    • Apply 24/7 through the mobile app
    • Get pre-approved & lock your rate in minutes
    • Award-winning service & experts available 24/7
View details

Key Facts

  • Mortgage Types: finance, refinance, adjustable-rate, fixed-rate
  • Min. Credit Score: 580
  • APR dependent on credit score
  • NMLS#: 3030
Read Rocket Mortgage Review »


  • Closing costs rolled into loan automatically
  • Smartphone app
  • Syncs with your bank account for easy application process
  • 98% of financial institutions supported for digital asset verification


  • Can’t have face-to-face interaction with loan officer; online only
  • No alternative credit data considered

New American Funding

Your Mortgage, Your Terms

    • Historically Low Rates
    • A+ BBB Rating
    • Offers low-down-payment loans
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Key Facts

  • Mortgage Types: Variety of home purchase, equity, & refinance
  • Min. Credit Score: 580/620
  • APR dependent on loan type
  • NMLS#: 6606
Read New American Funding Review »


  • Manual underwriting available to evaluate credit
  • One of the few non-bank lenders offering equity lending and reverse mortgages
  • Can participate in the entire process online
  • English and Spanish-speaking loan officers available


  • No mortgages in Hawaii or New York
  • Doesn’t work with down payment assistance programs in all states

LoanDepot Mortgage

No Login/Registration Required

    • Has funded over $65 billion in home loans
    • Clearance in as little as 8 days
    • Mello smartloan™ digital asset verification
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Key Facts

  • Mortgage Types: purchase, refinance, adjustable & fixed rates, jumbo & more
  • Min. Credit Score: 620
  • APR depends on type of loan & lender
  • NMLS#: 174457
Read LoanDepot Mortgage Review »


  • Can choose face-to-face interaction by accessing over 150 affiliated loan stores in the United States
  • Experienced FHA and VA lender
  • Fannie Mae HomeStyle home improvement and FHA 302K fixer-upper loans available
  • 100% digital asset, employment, and income verification available


  • USDA Rural Development loans not available

Quicken Loans

A+ Customer Satisfaction

    • 35 years of experience
    • Fully automated, online process
    • Pre-approval available
View details

Key Facts

  • Mortgage Types: Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, USDA
  • Min. Credit Score: 620
  • APR set by lender
  • NMLS#: 3030
Read Quicken Loans Review »


  • Rate Lock
  • Online application process
  • Good reputation for customer satisfaction
  • Pre-approval available


  • Fees could potentially be high
  • No physical branches available


Refinance Your Mortgage & Save

    • Mortgage officers guide you through the process
    • No hidden fees or prepayment penalties
    • Members save $500 on processing fees
View details

Key Facts

  • Mortgage Types: conventional, refinance, jumbo
  • Min. Credit Score: 660
  • APR starting at 3.7883%
  • NMLS#: 1121636
Read SoFi Review »


  • SoFi offers conventional loans without private mortgage insurance (PMI) requirements with a 10% down payment
  • The streamlined online process minimizes paperwork
  • SoFi members get a 50% discount on origination fees


  • SoFi is not licensed to originate mortgages in West Virginia, South Dakota, New York, New Mexico, New Hampshire, Missouri, Massachusetts, Hawaii, or Alaska
  • Must live in the home or second home for at least 12 months.
  • No FHA, VA, or USDA loans
  • No down payment assistance programs



Pre-Qualify in 3 Minutes

    • Offers free credit score check
    • 26+ years in the lending business
    • SSN needed to pre-qualify
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Key Facts

  • Mortgage Types: Home purchase, equity, or refinance
  • Min. Credit Score: 500
  • APR set by lender
  • NMLS#: 1136
Read LendingTree Review »


  • Lenders in the LendingTree network uniquely offer manufactured or mobile home loans and multi-family home loans
  • You can apply for a mortgage through LendingTree as a primary home, secondary home, or rental property
  • Getting several offers with a single application makes it easier to negotiate for the best possible rates


  • Customers receive many emails and phone calls from various companies
  • Each lender runs a hard credit check, which could reduce credit scores by a few points


One Application, Multiple Lenders

    • Prequalify in just 3 minutes
    • Actual rates from multiple lenders
    • Complete the origination process online
View details

Key Facts

  • Mortgage Types: jumbo, conventional, refinance
  • Min. Credit Score: 620
  • NMLS#: 1681276
  • 318 Blackwell Street Ste 120A, Durham, NC 27701
Read Credible Review »


  • No fees to use Credible’s services
  • Find out your actual rate without a hard credit check
  • E-verification for many financial documents


  • Credible doesn’t operate in several large states
  • No face-to-face customer support

AmeriSave Mortgage

Accurate Quotes, Not Estimates

    • Customized rate quote in under 3 minutes
    • Transparent pricing and fee structure
    • Online application available 24×7
View details

Key Facts

  • Mortgage types: Purchase, refinance, adjustable, fixed, jumbo, FHA, VA, and USD.
  • Minimum credit score: 600.
  • NMLS#: 1168
Read AmeriSave Mortgage Review »


  • Easy online application process
  • Diverse loan options available
  • Transparent information on their website
  • 3% minimum down payment available
  • Accurate quotes, not estimates


  • $500 application fee
  • Offers no program for first-time homebuyers

Home refinance options explained

A mortgage is a specific type of loan using a home or living quarters as collateral. Mortgages became common among wealthy people in the United States during the early 1900s when a 50% down payment was customary. After the Great Depression, the Federal Housing Administration (FHA) took action to make mortgages widely accessible by insuring mortgage debts. Banks could then lend money to home buyers without the financial risks associated with default.

Mortgage loans are built on many different factors that are customized to your needs. However, your needs as a homeowner today might not be your needs as a homeowner later on in life. Therefore, it’s a good thing we have the ability to refinance our mortgage.

There are numerous variables that you will need to consider when it comes to your plans to refinance a mortgage. From the number of years to the refinance rates, many service providers can make these changes and will support you in this process.

What are the different types of mortgages?

A loan to purchase a home, a home equity loan, or a home refinance loan requires different types of mortgages. There are two main types of mortgages currently used to purchase a home: government-insured loans and conventional loans. A government-insured loan provides a safety net for lenders in case of default. A conventional loan doesn’t provide this safety net, so interest rates, down payment requirements, and fees may be higher. Each type will have varying requirements and uses. Read more

Financing for a borrower’s existing home

Home refinance

Home refinance is an option that allows a borrower to replace their current mortgage with a new one with new terms.

When should you engage in a home refinance?

There are a few ways in which it might make sense for your to refinance your home mortgage. However, there are also a lot of reasons why you should not consider doing so.

People will often engage in a mortgage refinance if they can lower their monthly payments without extending the term length of the loan. This means that the current refinances rates are lower than the rates you already are locked in. By shopping around, you can find the best and most current refinances dates on the market.

Other reasons why people refinance include tapping into the equity of their mortgage or paying off the loan at a faster rate. Some people will be looking to get rid of their FHA mortgage insurance while others will want to change from an adjustable-rate mortgage to one that has a fixed rate.

 How to refinance your mortgage

If you are looking at home refinance options, then you have an abundance of choices. The majority of home mortgage lenders will also offer some sort of refinancing option. Some people like to use more traditional institutions like banks or credit unions to refinance their homes. Others prefer to go down the online route as they often have the best refinance rates and also tend to be a lot quicker.

If you have made the decision to refinance your mortgage, then you will first need to look at a mortgage refinance calculator. This will give you an idea of what the refinance rates today might be, as well as what size of the loan you can expect.

All you need to do is input some core data and you will be able to see what savings you could expect at today’s refinance rates. This will often also showcase the fees associated with refinancing your mortgage. Therefore, you can quickly figure out if refinancing is a good option for you or not.

 Shopping around for the best home refinance rates

Just like with buying anything, you need to make sure that you are getting the best price possible for your mortgage refinancing. Comparing the different home refinance rates can be easily done online as the information is usually readily available about the different requirements and benefits of using a particular lender. Even small differences in the refinance rates can add up significantly over time, so it is definitely something that you need to consider.

How to choose an online home refinance lender

When evaluating online mortgage refinance companies, it’s crucial to verify that they service the right types of loans. The mortgage refinances lender walks the borrower through each step of the process, so it’s important to be comfortable with their level of customer service and availability.

Most importantly, do some research. Learn a little bit about types of loans to understand your needs, and be sure to shop around for the best refinance rates. Be sure to pay attention to any added fees.

Online refinance mortgage lender vs. traditional refinance mortgage lender

Many online mortgages refinance companies allow potential borrowers to submit documentation electronically by enabling the company to access the applicant’s online accounts.

Perhaps you still prefer one-on-one guidance through the process? Many reputable online mortgage providers offer professional loan officers who you can connect with throughout the process.

With a traditional lender, the process could take weeks longer than with an online mortgage refinance lender due to the amount of paperwork involved. While traditional lenders could appeal to borrowers that prefer face-to-face interaction, they may not offer the best mortgage rates in the marketplace.

A traditional lender typically requires several face-to-face meetings to discuss loan requirements, verify paperwork, and evaluate the loan terms. Closing the loan happens in person, as well.

An online mortgage refinances company does everything over the internet, which makes the process shorter for many people. Because of their lower overhead, online lenders may be able to offer lower mortgage refinance rates than traditional local lenders. Be sure to compare multiple offers from the best mortgage refinance lenders before proceeding.


What type of mortgage should I get?

What will I need to apply for a mortgage?

What credit score do I need to qualify for a mortgage loan?