Top Cash-Out Refinance Mortgage Lenders 2025: A Comprehensive Guide to Unlocking Home Equity

Based on this , getting a big, fat check from the equity in your home can seem like a dream come true. You may have thought you wouldn't see that money until you sold your home, but a cash-out refinance allows you to draw a lump sum from the value accrued in your home by replacing your existing mortgage with a new and larger loan.

While there are pros and cons to cash-out refinancing, such as adding the money back into the mortgage balance of a new loan, if you're confident in your decision and ready to get that check in hand, here are the top cash-out refinance mortgage lenders to choose from:

• Best overall: Truist - Truist offers lots of cash-out refi choices and lower-than-median loan costs, though customer service is rated only average.
• Best for conventional cash-out refis: Bank of America - Bank of America does big business in conventional loans and offers a unique tool to help you get started with a cash-out refinance: a market estimate that tells you how much your home may be worth.
• Best for jumbo cash-out refis: Wells Fargo - Wells Fargo offers competitive rates and flexible terms for jumbo loans, making it a good choice for those looking to cash out a large amount of equity.
• Best for VA cash-out refis: Veterans United - Veterans United specializes in VA loans and offers competitive rates and excellent customer service for those looking to cash out their home equity using a VA loan.
• Best for FHA cash-out refis: Quicken Loans - Quicken Loans offers competitive rates and flexible terms for FHA loans, making it a good choice for those looking to cash out their home equity using an FHA loan.
• Best for bad credit: LendingTree - LendingTree offers a wide range of lenders and can help those with bad credit find a cash-out refinance option that works for them.

In addition to these top lenders, there are many other options to consider when choosing a cash-out refinance mortgage lender. Be sure to compare rates, fees, and terms from multiple lenders to find the best option for your needs. And remember to always read the fine print and understand the terms of your loan before signing on the dotted line.