Get better terms with no upfront closing costs
Lower your interest rate and monthly payment without needing cash on hand.
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Schedule a callRates as of February 16, 2026
See assumptionsNo-cost refi benefits
- Access up to 80-90% of your home's equity
- Ideal if you plan to move or refinance again within the next few years
- Simplify your budgeting with predictable costs built into your loan
- Quick break-even point compared to traditional refinancing options that require upfront costs
- Return to us for refinancing or home purchases with $0 bank fees
Eligibility requirements
- Minimum credit score of 620, exceptions may be considered.
- Debt-to-icome ratio below 45%, with some flexibility
- Must have at least 10-15% home equity
- Property must be primary residence, second home, or investment property
- Must be able to demonstrate stable income and ability to repay the new loan amount
Discover alternative home equity solutions
Not sure if refinancing is right for you? Talk to our equity specialist or check out other ways to leverage your home’s equity.
Frequently asked questions
With reliable and easy to understand answers.
What is a no-cost refinance?
A no-cost refinance eliminates upfront closing costs when refinancing your mortgage. Instead, you pay these costs through either a higher interest rate or by adding them to your loan balance.
How much higher will my interest rate be?
With a no-cost refinance, expect your interest rate to be approximately 0.25% to 0.5% higher than a standard refinance where you pay closing costs upfront.
When does a no-cost refinance make sense?
A no-cost refinance works best if you’ll stay in your home less than 5 years, as you won’t have time to recoup traditional refinance closing costs. It’s also useful if you need to preserve cash for immediate expenses or don’t have funds available for closing costs.
What are the drawbacks?
The main drawback is higher lifetime costs if you stay in your home long-term. Other disadvantages include reduced home equity, potentially higher monthly payments, and fewer lender options.
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