6 Best Cash-Out Refinance Lenders of 2026

Cash-out refinancing is a popular option for homeowners looking to tap into their home equity for various financial needs. With rising home values leading to significant equity gains in recent years, many homeowners are exploring cash-out refinance options to access this wealth. As of 2025, homeowners collectively hold over $30 trillion in home equity, making it a valuable resource for those in need of extra funds.

A cash-out refinance allows homeowners to take out a new, larger mortgage, pay off the existing loan, and keep the difference in cash. This money can be used for a variety of purposes, such as home repairs, debt consolidation, or other major expenses. However, it’s essential to consider the impact of a cash-out refinance on your monthly payments, especially if the new interest rate is higher than your current rate.

When choosing a cash-out refinance lender, it’s crucial to research and compare multiple options to find the best rates and terms. Factors to consider include fees, loan terms, qualification requirements, customer reviews, and customer support. Some top cash-out refinance lenders in 2026 include Carrington Mortgage Services, Freedom Mortgage, NASB, PenFed, PNC Bank, and Rocket Mortgage.

Carrington Mortgage Services stands out for its specialized refinance loans that cater to borrowers with lower credit scores and past credit issues. Freedom Mortgage offers low minimum credit score requirements for FHA loans, making it a great choice for FHA borrowers. NASB provides VA cash-out refinances with no lender fees and the ability to convert up to 100% of home equity into cash. PenFed offers competitive rates for cash-out refinancing and has a broad membership criteria for joining. PNC Bank offers a variety of cash-out refinance mortgage products, including conventional, jumbo, VA, and FHA loans. Rocket Mortgage provides a fully digital experience for borrowers seeking a quick and easy online process.

In summary, cash-out refinancing can be a valuable tool for accessing home equity, but it’s essential to choose the right lender and carefully review the terms and conditions of the loan. By comparing multiple lenders and considering your specific financial needs, you can find the best cash-out refinance option for your situation.