The best mortgage refinance lenders of March 2022

*Minimum credit scores are for conforming loans, or for VA loans from Navy Federal and Veterans United. 

The best mortgage refinance lenders of March 2022

Refinancing your mortgage can be a great way to secure a better interest rate, lower your monthly payments, or get rid of private mortgage insurance.

You don't necessarily need to refinance with the same lender you used for your initial mortgage, though. You might find a better fit — and a better deal — with a different company this time around.

We've chosen lenders that offer a variety of mortgages you can refinance into, and most have received an A+ rating from the Better Business Bureau. Many of our top picks also thrive in customer satisfaction and accept alternative forms of credit if you don't have a credit score, making it easier to qualify.

You may notice this list looks similar to our guide for the best mortgage lenders. In both cases, we chose lenders who are trustworthy, prioritize customer satisfaction, and make the process relatively affordable.

More on our best mortgage refinance lenders

4.5 / 5

620

Conventional, cash-out, FHA, VA

The bottom line: Rocket Mortgage is a great option if you're comfortable applying online and have a good credit score.

The pros of Rocket Mortgage:

• You can choose from a variety of loan types.
• It ranked as the top lender for customer satisfaction from J.D. Power for 11 straight years, and it ranked No. 2 in 2021
• The BBB gives it an A+ rating.
• The company provides a fast, easy online experience.

The cons of Rocket Mortgage:

• You can't refinance into a USDA loan.
• Rocket Mortgage doesn't accept alternative credit data.

4.5 / 5

620

Conventional, cash-out refinance, VA, FHA, USDA

The bottom line: Veterans United is a good option for refinancing conventional or VA mortgages. It could also be a good fit if you have a poor or no credit score.

The pros of Veterans United:

• The lender has a high score in the J.D. Power 2021 Primary Mortgage Origination Satisfaction Survey (Veterans United doesn't qualify to rank because it doesn't meet certain criteria, but J.D. Power notes that the lender would rank highly if it were eligible).
• Veterans United has an A+ rating from the BBB.
• It accepts alternative forms of credit.
• There are physical locations in 18 US states, but you can apply online from around the US.

The cons of Veterans United:

• It might not be a good fit if you want to speak with someone face-to-face but don't live in one of 18 states with a branch.

4.5 / 5

620

Conventional, cash-out, FHA, VA

The bottom line: Fairway Independent Mortgage is a good refinance lender overall, especially if you have a low or no credit score and need to apply with alternative data.

The pros of Fairway Independent:

• You can refinance into a variety of mortgage types.
• The BBB gives Fairway Independent an A+ rating.
• The lender accepts alternative forms of credit.
• Its website is easy to navigate.
• You can close on your new mortgage online instead of in person.

The cons of Fairway Independent:

• You can't refinance into a USDA loan.
• Rates aren't posted online.

4.5 / 5

620

Conventional, cash-out, FHA, VA, USDA

The bottom line: Guild Mortgage is a good option for many types of people, because it has multiple refinance loans for borrowers in different situations.

The pros of Guild Mortgage:

• Guild Mortgage refinances a wide range of mortgage types.
• You can submit alternative forms of credit.
• You have the option to close online rather than in person.
• It has a A- rating from the BBB.

The cons of Guild Mortgage:

• No home equity loans, HELOCs, or construction loans.
• Mortgages are unavailable to residents of New Jersey or New York.
• You may have to visit a physical branch for streamlined FHA, USDA, or VA refinances.

4 / 5

620

Conventional, cash-out, FHA, VA

The bottom line: US Bank is a good refinance lender if you have a decent credit score.

The pros of US Bank:

• US Bank offers a wide range of refinance loans.
• It has an A+ rating from the BBB.

The cons of US Bank:

• You can't refinance into a USDA loan.
• US Bank ranks below the industry average in the J.D. Power 2021 Primary Mortgage Origination Satisfaction Survey.
• It doesn't accept alternative forms of credit.

4.5 / 5

640

Conventional, cash-out, FHA, VA, USDA, Carrington Flexible Advantage

The bottom line: Carrington is a worthwhile option, particularly if you have a low or no credit score and need to apply with alternative data.

The pros of Carrington:

• Carrington has a variety of refinance options, including the Carrington Flexible Advantage Refinance, which has looser requirements for credit scores and doesn't require mortgage insurance.
• It has an A+ rating from the BBB.
• You can provide alternative forms of credit.

The cons of Carrington:

• The minimum credit score for a conventional loan is a little higher than with some of our other picks.
• You can't apply for preapproval online.

4.25 / 5

640

Conventional, cash-out, FHA, VA

The bottom line: New American Funding is a strong mortgage lender overall, especially if you need to apply with alternative forms of credit.

The pros of New American Funding:

• You can refinance into several types of mortgages.
• New American Funding has an A+ rating from the BBB.
• The lender accepts alternative forms of credit.

The cons of New American Funding:

• No USDA streamline refinances are available.
• Residents of Hawaii and New York can't refinance with New American Funding.

4.25 / 5

620

Conventional, cash-out, FHA, VA, USDA

The bottom line: PNC Bank is a good refinance lender if you have a strong credit score.

The pros of PNC Bank:

• PNC offers a lot of mortgage refinance types.
• The BBB gives PNC an A+ rating.

The cons of PNC Bank:

• The lender ranks about average in the J.D. Power 2021 Primary Mortgage Origination Satisfaction Survey.
• It doesn't accept alternative forms of credit.

4 / 5

640

Conventional, cash-out, FHA, VA

The bottom line: NBKC Bank is a worthwhile option if you have a good credit score and value online convenience.

The pros of NBKC:

• You have several choices for mortgage refinance types.
• It has an A+ rating from the BBB.
• Live online chat makes it easy to speak with an expert about your questions.

The cons of NBKC:

• You can't refinance into a USDA loan.
• NBKC doesn't accept alternative forms of credit.

3.75 / 5

660

Conventional, cash-out, VA

The bottom line: Navy Federal is a good option for people affiliated with the military overall, but especially if you're searching for a lender that's friendly to people who aren't in the best financial situation — namely, people with low credit scores.

The pros of Navy Federal:

• Navy Federal has a high score in the J.D. Power 2021 Primary Mortgage Origination Satisfaction Survey (Navy Federal doesn't qualify to rank because it doesn't meet certain criteria, but J.D. Power notes that the credit union would rank highly if eligible).
• The credit union accepts alternative credit data, such as utility bills.

The cons of Navy Federal:

• You can't refinance into an FHA or USDA mortgage.
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