Best Cash-Out Refinance Rates 2026: Top 10 Lenders Compared
Conventional from 6.00%. VA from 5.50%. Access $25K-$500K+. We ranked the 10 best cash-out refi lenders by rate, fees, max LTV, and close time. Tap your equity with a new lower-rate mortgage.
6.00%
Conv Rate
5.50%
VA Rate
100%*
Max LTV
21 Days
Fastest
*100% LTV for VA only
⚡ Quick Answer: Best Cash-Out Refi by Loan Type
💰 Best conventional: Better.com — 6.00%, $0 lender fees, 80% LTV
🇺🇸 Best VA: Veterans United — 5.50%, $0 fees, 100% LTV
🏠 Best FHA: Better.com — 5.75%, $0 fees, 80% LTV
⚡ Fastest close: Rocket Mortgage — 6.15%, 21-day close
🏦 Best credit union: PenFed — 6.05%, $0 fees, open to all
📊 Highest LTV: Freedom Mortgage — FHA 85% LTV cash-out
📊 Top 10 Cash-Out Refi Lenders (April 2026)
| # | Lender | Conv | FHA | VA | Fees | LTV | Close | Best For |
|---|---|---|---|---|---|---|---|---|
| 1 | Better.com💰 BEST RATE | 6.00% | 5.75% | — | $0 | 80% | 25d | Lowest rate + $0 fees |
| 2 | Rocket Mortgage⚡ FASTEST | 6.15% | 5.85% | 5.55% | 0.5-1% | 80% | 21d | Fastest close |
| 3 | Veterans United🇺🇸 VA #1 | — | — | 5.50% | $0 | 100% | 30d | VA cash-out (100% LTV) |
| 4 | SoFi | 6.05% | — | — | $0 | 80% | 30d | Autopay disc + perks |
| 5 | loanDepot | 6.15% | 5.90% | 5.60% | 0.5% | 80% | 25d | Lifetime refi guarantee |
| 6 | Guaranteed Rate | 6.15% | 5.85% | 5.55% | 0.5% | 80% | 21d | 580 FHA cash-out |
| 7 | PenFed CU | 6.05% | 5.80% | 5.50% | $0 | 80% | 35d | CU rate + $0 fees |
| 8 | Freedom Mortgage | 6.20% | 5.85% | 5.55% | $0 | 85% | 30d | FHA specialist (85% LTV) |
| 9 | Chase | 6.20% | 5.95% | 5.60% | 0.5% | 80% | 30d | Relationship discounts |
| 10 | Navy Federal | 6.10% | 5.85% | 5.50% | $0 | 100% | 35d | Military (100% VA) |
Rates April 1, 2026. 740+ credit. LTV = max combined. Compare YOUR cash-out rate →
💰 Cash-Out Examples: How Much Can You Get?
| Home Value | Mortgage | Conv (80%) | FHA (80%) | VA (100%) |
|---|---|---|---|---|
| $350K | $250K | $30,000 | $30,000 | $100,000 |
| $450K | $300K | $60,000 | $60,000 | $150,000 |
| $550K | $350K | $90,000 | $90,000 | $200,000 |
| $700K | $400K | $160,000 | $160,000 | $300,000 |
| $1M | $500K | $300,000 | $300,000 | $500,000 |
Cash available = (Home value × max LTV) - current mortgage balance. Cash is tax-free.
💰 Access Your Home Equity via Cash-Out Refi
Rates from 5.50% (VA). Access $25K-$500K+. Replace your mortgage at a lower rate + get cash.
⚖️ Cash-Out Refi vs HELOC vs HE Loan vs Hometap
| Feature | Cash-Out Refi | HELOC | HE Loan | Hometap |
|---|---|---|---|---|
| Rate | 6.00-6.50% | 7.50% (var) | 7.25% (fixed) | 0% interest |
| Replaces Mortgage? | Yes (new loan) | No (2nd lien) | No (2nd lien) | No |
| Monthly Payment | Full P&I | Interest-only | Fixed P&I | $0/month |
| Max Cash | 80% LTV (100% VA) | 85% CLTV | 85% CLTV | 25-30% equity |
| Closing Costs | 2-5% ($3K-$15K) | $0-$500 | $0-$3K | $0 |
| Best When | High current rate | Low current rate | Need lump sum | No payments wanted |
People Also Ask (Voice Search)
“what is the average cash out refinance rate right now?”
April 2026 cash-out refi rates: Conventional: 6.10-6.25% (avg). FHA cash-out: 5.75-6.00%. VA cash-out: 5.50-5.75%. Cash-out rates are 0.25-0.50% higher than rate-and-term refi. Best rate: 6.00% (Better.com, 740+ credit). Rates are near 3-year lows after Fed cuts. Compare 3-5 lenders — rates vary significantly. Compare cash-out rates →
“how long does a cash out refinance take?”
Timeline: fastest 21 days (Rocket Mortgage). Average: 30-45 days. Steps: application (1 day), appraisal (1-2 weeks), underwriting (1-2 weeks), closing (1-3 days). After closing: 3-day rescission period, then cash funded. Total: 24-48 days typical. Speed up: have documents ready, respond to lender within 24 hours, choose a fast lender.
“does a cash out refinance hurt your credit?”
Short-term: small drop (5-10 points from hard inquiry). Long-term: neutral or positive. The cash-out refi replaces your existing mortgage — same type of account. If you use cash to pay off credit cards, your credit utilization drops dramatically → score increases 30-50 points. Net effect: usually positive if used for debt consolidation. Compare cash-out rates →
“can i do a cash out refinance with bad credit?”
Yes. Minimum credit scores: FHA cash-out: 580 (some lenders 620). VA cash-out: 580-620 (lender minimum). Conventional: 620-640. Best lenders for low credit: Guaranteed Rate (580 FHA), Freedom Mortgage (580 FHA), Rocket Mortgage (620 conventional). Strategy: FHA cash-out has the lowest credit requirements but charges MIP (0.55% annual).
Frequently Asked Questions
What is a good cash-out refinance rate in 2026?
How much cash can I get from a cash-out refinance?
Is a cash-out refinance worth it in 2026?
Cash-out refinance vs HELOC: which is better?
Related Guides
💰 Turn Your Equity Into Cash
Conv: 6.00% · VA: 5.50% · Access $25K-$500K+ · Close in 21 days
Compare 10+ cash-out refi lenders. See YOUR rate in 2 minutes.
David Rodriguez
Refinance & Rate Specialist · NMLS #234567 · 12 Years Experience
David specializes in cash-out refinancing and has helped 10,000+ homeowners access over $500M in home equity through strategic refinancing. He compares rates daily across 40+ lenders to find the best cash-out deals.