Lower Your Rate. Close in Weeks.
Chestnut's AI cuts the manual processing that makes refinancing expensive and slow. Most of our refinances close in 2-3 weeks — not the 30-45 days you'd wait elsewhere. Your dedicated loan expert handles the rest.
How does Chestnut work?
Instant access. Zero hold time.
See your personalized rates, apply, and track your loan — all online. No phone calls required.
AI that saves you money
Chestnut's AI handles the manual work that drives up costs at traditional lenders. Lower processing costs mean lower rates for you.
Talk to an (actual) human any time
Every borrower gets a dedicated loan expert available by text, email, or phone — not a call center.
Which refinance is right for you?
The right refinance depends on what you are trying to accomplish. Here are the most common options:
Rate-and-Term
Replace your current mortgage with a new one at a lower rate, a shorter term, or both. No cash out. This is the most straightforward refinance.
Best for:
- ✓Lowering your monthly payment
- ✓Switching from a 30-year to a 15-year term
- ✓Moving from an adjustable to a fixed rate
Cash-Out
Replace your mortgage with a larger one and receive the difference as cash. Uses your home equity to fund renovations, consolidate debt, or cover major expenses.
Best for:
- ✓Home renovations or remodeling
- ✓Consolidating high-interest debt
- ✓Large one-time expenses
Streamline
A simplified refinance for borrowers with an existing FHA or VA loan. Reduced documentation requirements and often no appraisal needed.
Best for:
- ✓Current FHA or VA borrowers
- ✓Quick rate reduction
- ✓Minimal paperwork
Do you qualify?
Most borrowers meet the requirements below. Your loan expert will review your full picture and walk you through any questions.
Minimum Requirements
- ✓ Credit score: 620 or higher (varies by loan type)
- ✓ Stable, verifiable income
- ✓ Acceptable debt-to-income ratio
- ✓ Property that meets standard underwriting guidelines
What Affects Your Rate
- ✓ Credit score
- ✓ Loan amount
- ✓ Property value and occupancy type
- ✓ Location (ZIP code)
Higher credit scores and stronger financial profiles may qualify for more competitive rates.
Refinancing FAQ
Ready to find
your best rate?
- 1 Answer a few quick questions
- 2 See all your loan options
- 3 Apply if you like what you see
No phone calls. No credit check. Takes 2 minutes.