BEST OF
10 Best Cash-Out Refinance Lenders of 2021
If you're interested in accessing your home equity with a cash-out refinance, we'll help you choose the best cash-out refi lender. Our top picks include both all-digital online specialists and banks for in-person service.
A cash-out refinance could be right for you if you need money for home repairs or renovations, or if you want to consolidate high-interest debt. The process involves refinancing your home for more than you owe on the existing mortgage. You get the difference to use on whatever you need. It can be a helpful way to tap your home's equity for major expenses.
Your options for cash-out refinance lenders are extensive, from all-digital outfits with speedy online applications to major banks with branches nationwide for in-person service.
To help you narrow down your choices, NerdWallet has picked some of the best cash-out refinance lenders in several categories so you can quickly determine the right one for you.
A cash-out refinance could be right for you if you need money for home repairs or renovations, or if you want to consolidate high-interest debt. The process involves refinancing your home for more than you owe on the existing mortgage. You get the difference to use on whatever you need. It can be a helpful way to tap your home's equity for major expenses.
Your options for cash-out refinance lenders are extensive, from all-digital outfits with speedy online applications to major banks with branches nationwide for in-person service.
To help you narrow down your choices, NerdWallet has picked some of the best cash-out refinance lenders in several categories so you can quickly determine the right one for you.
Summary of Best Cash-Out Refinance Lenders of 2021
Lender | NerdWallet Rating | Minimum Credit Score | National / Regional | Learn More |
---|---|---|---|---|
Best for online experience | 620 | National | at Rocket Mortgage by Quicken Loans | |
Best for customer service | 620 | National | at Guaranteed Rate | |
Best for non-bank | 620 | National | at loanDepot | |
Best for government loans | 640 | National | at Veterans United | |
Best for online experience | 620 | Regional | at Reali Loans | |
Best for traditional bank | 620 | National | at Chase | |
Best for government loans | 580 | National | Read review | |
Best for customer service | 620 | National | Read review | |
Best for traditional bank | 620 | National | Read review | |
Best for credit union | N/A | National | Read review |
at Rocket Mortgage by Quicken Loans
Rocket Mortgage by Quicken Loans: NMLS#3030
Min. Credit Score
National / Regional
at Rocket Mortgage by Quicken Loans
at Guaranteed Rate
Guaranteed Rate: NMLS#2611

Min. Credit Score
National / Regional
at Guaranteed Rate
at loanDepot
loanDepot: NMLS#174457

Min. Credit Score
National / Regional
at loanDepot
at Veterans United
Veterans United: NMLS#1907

Min. Credit Score
National / Regional
at Veterans United
at Reali Loans
Reali Loans: NMLS#991397
.png)
Min. Credit Score
National / Regional
at Reali Loans
at Chase
Chase: NMLS#399798
Min. Credit Score
National / Regional
at Chase
Caliber: NMLS#15622

Min. Credit Score
Min. Down Payment
SunTrust (Truist): NMLS#2915

Min. Credit Score
National / Regional
Bank of America: NMLS#399802

Min. Credit Score
National / Regional
Alliant: NMLS#197185

Min. Credit Score
National / Regional
Last updated on January 28, 2021
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
To recap our selections...
NerdWallet's Best Cash-Out Refinance Lenders of 2021
- Rocket Mortgage by Quicken Loans: Best for online experience
- Guaranteed Rate: Best for customer service
- loanDepot: Best for non-bank
- Veterans United: Best for government loans
- Reali Loans: Best for online experience
- Chase: Best for traditional bank
- Caliber: Best for government loans
- SunTrust (Truist): Best for customer service
- Bank of America: Best for traditional bank
- Alliant: Best for credit union