Top-tier cash-out refinance loan providers for the year 2025

Top-tier cash-out refinance loan providers for the year 2025

Finding the Best Cash-Out Refinance Lenders in 2025: Focus on reputable lenders for a hassle-free financial boost!

Looking to make the most of your home equity? Cash-out refinancing could be the perfect solution for consolidating debt, funding home improvements, or achieving other financial goals. Let's dive into the best cash-out refinance lenders to consider in 2025.

Top Cash-Out Refinance Lenders

| Lender | Credit Requirements | Our Score ||-----------------|---------------------------|----------------------|| Chase | 620 for conventional, 680 for jumbo, 640 for FHA/VA | 4.9 || Bank of America | 620 for conventional | 4.8 || Better | 620 for conventional, 580 for FHA/VA | 4.8 || Navy Federal Credit Union | Undisclosed | 4.8 || PenFed Credit Union | 650 for conventional, 700 for jumbo, 620 for FHA/VA | 4.8 || PNC Bank | 620 for conventional, jumbo, FHA/VA, 640 for USDA | 4.8 || SoFi | 620 for conventional, 600 for FHA/VA | 4.8 |

Chase: A Solid Choice for All 50 States

Chase offers a range of cash-out refinance options, catering to homeowners across the United States with competitive rates.

Chase

• Pros:620 for conventional loans, 680 for jumbo loans, 640 for FHA loans, 640 for VA loans
  • Offers cash-out refinances for conventional, jumbo, FHA, VA loans, and more.
  • Ideal for existing Chase customers as these individuals may receive rate discounts.
  • A $5,000 closing guarantee provides peace of mind.
• Cons:4.9
  • May not be an ideal fit for borrowers with unique credit or financial circumstances.
  • Branch locations not available in all states.

Bank of America: Competitive Rates and Online Convenience

Discover advantageous mortgage deals and take charge of your finances with Bank of America.

Bank of America

• Pros:620 for conventional loans
  • Cash options for conventional, jumbo, FHA, VA loans and more.
  • Rates displayed on their website eliminate the need to contact a loan officer to get quotes.
  • Preferred Rewards customers often receive discounts.
• Cons:4.8
  • USDA loans not available.
  • Limited transparency concerning borrower requirements.

Better: Streamlined Application and Online Service

Flexible refinancing that fits your busy lifestyle, Better delivers excellent service through seamless online processes.

Better

• Pros:620 for conventional loans, 580 for FHA loans, 620 for VA loans
  • A mostly online platform provides convenience and real-time rate updates.
  • Three-minute pre-approvals and hybrid closings save customers valuable time.
  • Price Guarantee ensures competitive offers.
• Cons:4.8
  • Limited branch locations, available in only 10 states.
  • No USDA loans.

Navy Federal Credit Union: Benefits for Military Members and Their Families

Serving the military community for over 80 years, Navy Federal Credit Union offers various loan options with membership benefits.

Navy Federal Credit Union

• Pros:Undisclosed
  • Member-only service, with eligibility for active-duty military, veterans, and their families.
  • Allows up to two rate relocks.
  • Rate-match guarantee or $1,000 rebate if deals from competitors are equal or superior.
• Cons:4.8
  • Membership is required to borrow.
  • No FHA or USDA loans.

PenFed Credit Union: Combining Banking and Mortgage Service

Manage your finances efficiently with PenFed Credit Union's blend of banking and mortgage services.

PenFed Credit Union

• Pros:650 for conventional loans, 700 for jumbo loans, 620 for FHA loans
  • Convenience of handling banking and home mortgages with one provider.
  • Competitive rates cater to multiple loan needs.
• Cons:4.8
  • No USDA loans.
  • Limited customization when it comes to choosing rates online.
  • Higher minimum credit score requirements.

PNC Bank: Comprehensive Mortgage Solutions

Discover broad refinancing options and excellent customer service with PNC Bank.

PNC Bank

• Pros:620 for conventional loans, 620 for jumbo loans, 620 for FHA loans, 640 for USDA loans
  • Provides online and in-person applications for mortgage refinancing.
  • Variety of refinancing options also cater to USDA loans.
  • Competitive loan packages include conventional, jumbo, FHA, VA, and more.
• Cons:4.8
  • Higher credit score minimum for FHA loans.
  • Limitations on the mobile app's features.
  • Below-average J.D. Power rating for mortgage servicing.

SoFi: Online Solutions for Qualified Borrowers

Online-only lender SoFi offers refinancing to homeowners across the United States, except New York, providing virtual support for your mortgage needs.

SoFi

• Pros:620 for conventional loans, 600 for FHA loans, 600 for VA loans
  • Close on time, providing up to $10,000 to cover any added costs.
  • Option for up to $9,500 rebate when working with a SoFi partner real estate agent.
• Cons:4.8
  • Does not offer USDA loans.
  • No physical branch locations, with all assistance available online.

To maximize home equity through financial planning, consider exploring cash-out refinancing within the competitive finance industry. Familiarize yourself with reputable lenders like Chase, Bank of America, Better, Navy Federal Credit Union, PenFed Credit Union, PNC Bank, and SoFi, all of which cater to diverse personal-finance needs in the home-equity and refinancing sectors.

Chase stands out for offering cash-out refinancing options across the United States, benefiting homeowners nationwide with competitive rates while providing a $5,000 closing guarantee. Another option, Bank of America, delivers mortgage deals with online convenience, clearly displaying rates on their website for competitive quotes.

For a streamlined application process, Better is an excellent choice, catering to individuals who prefer mostly online experiences, offering real-time rate updates, and a Price Guarantee. Meanwhile, Navy Federal Credit Union benefits military members and their families, providing member-only services, rate-match guarantees, and up to two rate relocks.

PenFed Credit Union combines banking and mortgage services for efficient financial management, offering competitive rates across diverse loan options, while PNC Bank provides comprehensive mortgage solutions with excellent customer service and a wide variety of refinancing options, including USDA loans.

Online-only lender SoFi caters to homeowners in all states, except New York, offering mortgage solutions paired with support from a virtual team.

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