Craig Smith
Primary Editor
Today’s Top Refinance Companies - April 2026
See Today’s Featured Companies Near You
Research and compare today’s top mortgage refinance lenders serving your area saving time and money. Get the best rate on your mortgage. Apply online with flexible terms and award-winning customer service.
Loan Purpose
Credit Score
Loan Amount
Closing Timeline
New American Funding
New American Funding, founded in 2003 in California by Rick and Patty Arvielo, is one of the largest privately owned mortgage lenders in the U.S., known for serving diverse communities through more than 230 branches nationwide. The company offers a wide range of home loan products including conventional, FHA, VA, USDA, jumbo, non-QM, reverse mortgages, renovation loans, and construction loans. Signature offerings include the flexible I CAN Mortgage, customizable from 8 to 30 years, and programs like Pathway to Homeownership (up to $8,000 in assistance) and NAF Cash, which helps buyers compete with cash offers. The lender also provides refinancing and HELOC options, supporting borrowers with both purchasing and equity-access needs.
A+ Rating with BBB
Lower monthly payments by 30% or more
Reduces multiple payments to one
Over 300K clients served and $3B Paid Off
Personalized payoff terms of 24 to 60 months
AmeriSave Mortgage Corporation
AmeriSave Mortgage Corporation is a leading digital-first mortgage lender founded in 2002 and headquartered in Atlanta, Georgia. Known for fast, technology-driven loan processing, AmeriSave offers a wide range of products including conventional, FHA, VA, USDA, jumbo loans, and multiple refinance options. The company has funded over $200B in home loans and serves borrowers nationwide. With features like zero origination fees on conventional loans and its Lock & Drop rate buydown program, AmeriSave aims to deliver competitive, streamlined, and cost-efficient home financing.
A+ Rating with BBB
Lower monthly payments by 30% or more
Reduces multiple payments to one
Over 300K clients served and $3B Paid Off
Personalized payoff terms of 24 to 60 months
Mission Loans
Mission Loans, founded in 1999 is a BBB-accredited mortgage lender earning the coveted A+ rating headquartered in Irvine, California serving most of the United States. They offer a comprehensive suite of mortgage products —from home purchase and refinancing to HELOCs and second mortgages.
Conventional mortgages
FHA & VA loans
HELOCs and second mortgages
Investment‑ property financing
Loans for self‑ employed borrowers and more.
Loan Depot
Finding the perfect mortgage can be a daunting task, but LoanDepot offers a tech-forward approach to simplify your journey. With an array of loan options and a digital-first process, LoanDepot aims to make getting a mortgage as straightforward as possible. Let’s explore what makes LoanDepot a standout choice, and consider both the benefits and potential drawbacks.
Specializes in home purchase and refinancing loans
Provides both online and in-person mortgage services
Offers conventional, FHA, VA, and jumbo loans
Offers competitive rates with flexible loan terms
Tomo Mortgage
Tomo Mortgage is a modern, venture-backed fintech lender focused exclusively on home purchase loans. Founded in 2020 by former Zillow executives, Tomo operates in 35 states and is known for its fast, technology-driven process, zero lender fees, and consistently competitive pricing. The company offers conventional, FHA, and VA purchase loans—including jumbo options up to $3 million—and delivers rapid verified or underwritten preapprovals. With features like a Price Match Guarantee, Closing Guarantee, Appraisal Coverage, and a float-down option, Tomo provides a streamlined, low-cost, and highly buyer-focused mortgage experience.
A+ Rating with BBB
Lower monthly payments by 30% or more
Reduces multiple payments to one
Over 300K clients served and $3B Paid Off
Personalized payoff terms of 24 to 60 months
4,700+ Consumers
Have researched these providers in the past 30 days
Top Featured Brands
Featured brands are considered and selected based on the following:
Offers & Results
TopFeaturedBrands’ editors review service providers offerings, fees, results, services levels, accolades, accreditation, and customer service
Favorability
TopFeaturedBrands monitors engagement and response across multiple sources to present some of the largest and most popular brands within a category
Reputation
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Research & Report
TopFeaturedBrands’ editors review top providers and comb a number of sources to curate the most up-to-date information
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2026’s top choice for Refinance
A+ Rating with BBB
Lower monthly payments by 30% or more
Reduces multiple payments to one
Over 300K clients served and $3B Paid Off
Personalized payoff terms of 24 to 60 months
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- A+ Rating with BBB and 10K+ five-star reviews
- Lower monthly payments by 30% or more
- Over 300K clients served and $3B Paid Off
- Personalized payoff terms of 24 to 60 months
FAQs
1. When does refinancing make financial sense?
The general rule is refinancing makes sense when you can lower your interest rate by at least 0.75-1% and plan to stay in your home long enough to recoup closing costs (typically 2-4 years). Calculate your break-even point: divide closing costs by monthly savings. For example, if refinancing costs $4,000 and saves $150/month, you’ll break even in 27 months. Also consider refinancing to eliminate PMI once you reach 20% equity, switch from an adjustable-rate to fixed-rate mortgage, or access equity for major expenses.
2. What’s the difference between rate-and-term and cash-out refinancing?
Rate-and-term refinancing replaces your existing loan with a new one at a different rate or term without changing the loan amount (except for closing costs rolled in). Cash-out refinancing borrows more than you currently owe, giving you the difference in cash—for example, if you owe $200,000 and your home is worth $400,000, you could refinance for $280,000 and receive $80,000 cash (minus closing costs). Cash-out refinances typically have slightly higher rates and require more equity.
3. What credit score and equity do I need to refinance?
Conventional refinances typically require a 620+ credit score, though 740+ secures the best rates. You’ll generally need at least 20% equity to avoid PMI on the new loan, though some programs allow refinancing with less equity. Lenders also evaluate your debt-to-income ratio (usually below 43-50%) and employment stability. Government programs like FHA and VA streamline refinances have more flexible requirements.
4. How long does the refinance process take?
Refinancing typically takes 30-45 days from application to closing, though it can be faster with streamlined programs or slower if documentation issues arise. The timeline includes application (1-3 days), appraisal (1-2 weeks), underwriting (1-2 weeks), and closing preparation (3-5 days). Having all documents organized and responding quickly to lender requests can expedite the process.
How It Works
Rate Shopping and Application Contact multiple lenders to compare rates, fees, and loan terms—checking with 3-5 lenders within a 14-45 day window counts as one credit inquiry. Get Loan Estimates from each showing interest rate, APR, monthly payment, and closing costs. Once you select a lender, complete the formal application providing income documentation (pay stubs, W-2s, tax returns), asset statements, current mortgage information, and authorization for credit check.
Home Appraisal and Title Work The lender orders an appraisal to verify your home’s current value and ensure you have sufficient equity. Some lenders use automated valuation models or waive appraisals for strong borrowers with substantial equity. Simultaneously, a title company searches for liens or claims against your property to ensure clear ownership. The appraisal typically costs $400-600.
Underwriting and Loan Approval Underwriters review your complete financial profile, verify employment, validate assets, assess property value, and ensure you meet all lending guidelines. They may request additional documentation (explanation letters, updated bank statements, proof of insurance). This process takes 1-3 weeks. Once approved, you’ll receive a Closing Disclosure showing final loan terms and costs—you must receive this at least 3 days before closing.
Closing and Funding Sign the new loan documents with a notary or at the title company. Pay closing costs (unless rolled into the loan) via wire transfer or cashier’s check. Your new loan pays off the old mortgage, and you begin making payments on the new loan, typically starting 30-45 days after closing. Most refinances include a 3-day right of rescission, delaying funding by three business days after signing.
What Is Covered
Lower Interest Rates and Payments Securing a lower rate reduces monthly payments and total interest paid over the loan’s life. Dropping from 5% to 4% on a $300,000 mortgage saves approximately $175/month and $63,000 over 30 years. Even modest rate reductions compound into significant savings, making refinancing one of the most powerful wealth-building tools for homeowners.
Loan Term Flexibility Refinance from a 30-year to 15-year mortgage to build equity faster and save dramatically on interest, though monthly payments increase. Conversely, extend to a 30-year term to reduce monthly obligations if you need cash flow flexibility. You can also refinance adjustable-rate mortgages (ARMs) into fixed-rate loans for payment predictability.
Cash-Out Options Access your home equity for debt consolidation (eliminating high-interest credit cards), home improvements (which may increase property value), education expenses, or emergency funds. Cash-out refinances often offer lower rates than personal loans or HELOCs, and interest may be tax-deductible if used for home improvements.
PMI Removal If you’ve built 20%+ equity since purchasing with less than 20% down, refinancing eliminates PMI payments ($100-300+ monthly on average loans), providing immediate monthly savings without needing a lower interest rate to justify refinancing.
What’s Not Included Closing costs (2-5% of loan amount) aren’t free—you’ll pay appraisal fees, origination charges, title insurance, and recording fees unless you choose a no-closing-cost refinance (which increases your interest rate). Refinancing resets your loan term, so refinancing from a 30-year mortgage after 5 years into a new 30-year loan means 35 total years of payments. There’s no guarantee your rate will stay low if you refinance into an ARM. Lenders don’t provide financial advice about whether refinancing suits your situation—that analysis is your responsibility.
