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Compare Cash-Out Refinance Lenders

A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house. Apply to these cash-out refinance lenders and see rates and how much you qualify for.

Applied filters: Refinance, Credit score: 720, ZIP: 97818, Veteran: No

Showing top 2 matches in OR

Rocket Mortgage, LLC

NMLS#3030

Rocket Mortgage, LLC

NerdWallet rating

Min. credit score

620

Min. down payment

3%

Pros

  • 2025’s top refinance lender, by loan volume.
  • Offers a large variety of refinance products, including for government loans.
  • Borrowers can apply via mobile app.
View Ratesat Rocket Mortgage, LLC
New American Funding

NMLS#6606

New American Funding

NerdWallet rating

Min. credit score

580

Min. down payment

3%

Pros

  • Accepts credit scores as low as 500.
  • Experienced in FHA refinance loans.
  • Closes loans faster than average.
View Ratesat New American Funding
How does cash-out refinance work?

With a cash-out refinance, you take out a new mortgage that's for more than you owe on your existing home loan, but less than your home's current value. You'll receive the difference between the new amount borrowed and the loan balance at closing.

How do you get the best cash-out refinance rate?

Shop around with multiple lenders to compare cash-out refinance rates. You may also be able to buy points to bring down your refinance interest rate. While you're comparing lenders, be sure to also check the costs and fees associated with getting the refinance. These don't affect your rate, but fewer added fees will lower your closing costs.

How much cash can I get with a cash-out refinance?

Lenders will limit the cash you take out to 80% to 90% of your home equity. An appraisal will be required to nail down your home’s current market value.

» MORE: Calculate your refinance savings

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.