Best Cash-Out Refinance Lenders of January 2026

Rocket Mortgage is the Goliath of home loans in the U.S. It's the largest mortgage lender by volume, and keeps expanding its reach. Cash-out refinancing rates are competitve, but fees may be on the higher side.

Navy Federal is known for VA lending, and it's a big cash-out refinance lender by volume. You'll need a military connection to join the credit union.

State Employees’ Credit Union in North Carolina is worth checking out for those who meet its membership criteria — especially its low cash-out refinance rates. But cash-out refi makes up a small share of SECU's total home loans, and it doesn’t offer government-backed mortgages.

Andrews Federal Credit Union is on the smaller side, but offers big value through low cash-out refinancing rates and fast closings. Its online rate quote tool is exceptionally informative.

Veterans United originates more VA mortgages than any other lender. Though average cash-out refinancing fees are on the higher side, rates are low, and it’s a solid pick for borrowers looking for a VA loan with ample support along the way.

Pennymac, known for government loans, also does big business in cash-out refi. Best for borrowers looking for low rates and an efficient digital experience, though fees may be on the high side.

LoanDepot, one of the country’s largest mortgage lenders, has faced negative headlines recently. Average cash-out refinancing rates are low, but fees may be on the high side. LoanDepot doesn’t post rates on its website.

Network Capital stands out for its focus on refinancing, especially cash-out transactions — only 6% of Network Capital customers got a purchase mortgage in 2024. Average cash out refi rates are low, but fees may be high.

As a large national bank, Citi offers solid customer support, a highly rated mobile app and discounts for existing banking customers.

Carrington Mortgage offers specialty loans for people who might have trouble getting a mortgage elsewhere, like self-employed borrowers. Average cash-out refi rates are low, though fees are on the higher side.

AmeriSave offers low average cash-out refinancing interest rates, but fees are higher than competitors’. Borrowers with low credit will find flexibility here.

PNC Bank has a wide selection of loans (even for lower credit scores) and a streamlined digital experience. It's a big player in the cash out refinance market, but this loan type does not represent a large share of the bank's overall home lending.

Bank of America offers standard big-bank benefits: loan variety, nationwide branches and a mobile app. It’s a solid pick for existing banking customers, and cash-out refi rate shoppers.

In addition to pretty robust standard offerings, Newrez has loan options for borrowers who have unusual finances or nontraditional income. But there's limited info about these offerings online, plus Newrez doesn't post sample mortgage rates — even for common loan types.

USAA does big business in cash out refi and is among the top VA loan lenders by volume, though conventional loans are available, too. USAA membership is open only to current and former military and eligible family members.