⭐ Part of the Zero to Hero Program — $0 points, $0 origination, $0 lender fees. See the full program →
Zero-Point Refinance Program
Refinance Without the Upfront Cost
No discount points to buy down the rate. No origination fees. No lender fees. Save on day one with no break-even waiting period — ideal when you may sell or refinance again within 5-7 years.
$0Discount Points
$0Origination
$0Lender Fees
Today's No-Points Refinance Rates
Live wholesale rates, refreshed daily, with zero discount points, zero origination, and zero lender fees built in. Same source as our main rates page.
The Three "Fees" You Don't Pay With This Program
When most lenders quote a refinance, they bundle in three categories of fees that quietly add 1-3% of your loan to the closing costs. Here's what each one actually is — and why you don't pay any of them with our no-points program.
Discount Points
Optional upfront payment to "buy down" your rate. 1 point = 1% of your loan amount. On a $400K loan, 1 point = $4,000 out of pocket for ~0.25% lower rate. Our no-points refi skips this entirely.
Origination Fees
The lender's fee for processing the loan, typically 0.5-1.5% of the loan amount. $2,000-$6,000 on a $400K loan. Built into most retail bank quotes. Our wholesale lender network waives this.
Lender / Underwriting Fees
"Junk fees" with names like underwriting, doc prep, admin, or processing. Usually $895-$1,495 bundled into closing. Zero on a no-points refi from OnPoint.
The Side-by-Side: Traditional Refi vs. No-Points Refi
Same $400,000 loan amount, same 30-year term. What you save out-of-pocket vs. what the bank wants up front.
Traditional Refi Bank Quote
- 2 discount points: $8,000
- 1% origination fee: $4,000
- Lender / underwriting fees: $1,295
- Title, escrow, appraisal: ~$3,500
Cash to close: ~$16,795 out of pocket
Break-even: ~24-36 months of savings before the points pay back
Break-even: ~24-36 months of savings before the points pay back
OnPoint No-Points Refi No-Points
- Discount points: $0
- Origination fee: $0
- Lender / underwriting fees: $0
- Title, escrow, appraisal: ~$3,500 (third-party, unavoidable)
Cash to close: ~$3,500 out of pocket
Break-even: Day 1 — savings begin with your first payment
Break-even: Day 1 — savings begin with your first payment
Illustration only. Third-party fees (title, escrow, appraisal) vary by state and property. Your actual numbers are quoted on your specific file.
Compare Rate, Fee & Lender Credit Side by Side
A lower rate costs money up front, and that rate fee gets rolled into your loan. A higher rate pays you a lender credit, real money that goes toward your other closing costs. Plug in your numbers and see the trade.
The rate fee is rolled into the loan amount, so a cheaper rate means you finance more. A lender credit reduces what you finance and goes toward your other closing costs. Payments are principal & interest only, taxes and insurance not included.
When a No-Points Refinance Is the Right Move
No-points refis aren't for everyone. They're the better math for these specific situations.
You May Move in 5-7 Years
If you'll sell before discount points break even, you'd lose money paying them. No-points starts saving on month one.
You Want to Keep Your Cash
Down payment on next home, emergency fund, kids' tuition. Don't tie up $10K-$20K in upfront points when wholesale rates are already low.
You're Doing a Streamline
FHA Streamline and VA IRRRL programs are specifically built for no-cost refis. Why add unnecessary fees?
You Expect Rates to Drop Further
Locking points-paid now and refinancing again when rates drop = paying twice. No-points keeps the door open.
You're Consolidating Debt
Every dollar saved at closing is a dollar that can knock down credit cards, not feed the lender's pocket.
You Want a Fast Close
No-points refis are simpler to underwrite. Streamline programs can close in 14-21 days vs. 30-45 for full refis.
What Our Clients Say
Verified 5-star reviews from real OnPoint Mortgage Pro clients, pulled live from Google.
See What You'd Save Per Month
Enter your current rate and balance. We'll show your monthly savings vs. today's no-points rate, with zero closing-cost lift-off.
No-Points Refinance FAQ
The questions every homeowner asks before pulling the trigger. Honest answers.
What's the catch with a no-points refinance?
The "catch" is the rate. A no-points refi typically runs 0.125-0.375% higher than a same-day points-paid refi. That's the trade you make for not bringing cash to the table. For a homeowner who'll keep the loan less than 5-7 years, no-points wins the math. For a long-term hold, paying points wins. We'll show you both scenarios in dollars before you commit.
If there are no lender fees, how does OnPoint get paid?
The wholesale lender pays our compensation. That payment is disclosed on your Loan Estimate — nothing hidden. Because we work with 20+ wholesale lenders, we pick the one whose pricing-plus-compensation gives you the best net rate. The lender's payment to us doesn't increase your closing costs.
Why not just pay points for the lowest possible rate?
It only makes sense if you'll keep the loan long enough to recoup the upfront cost. 1 point ($4,000 on a $400K loan) typically buys about 0.25% lower rate, saving about $60/month. That's 67 months to break even — over 5.5 years. If you sell or refi before then, you lose money on the points.
Will my rate be a lot higher than a points-paid loan?
No. Typically 0.125-0.375% higher than the same-day points-paid rate. On a $400K loan, that's $25-$75/month extra. The math: that's less than the points would cost spread over a 5-7 year hold.
What's the difference between this and a regular refinance?
A regular refinance can include any combination of points, origination fees, and lender fees. Our no-points program specifically excludes all three. You'll still have third-party costs (title, escrow, appraisal) because those go to outside vendors — no lender controls those. But the lender-side fees are zeroed out.
Can I get a no-points cash-out refinance?
Yes, on most loan types, though cash-out rates are slightly higher than rate-and-term. The "zero lender fees" piece still applies. We'll quote rate-and-term and cash-out side-by-side so you can see the difference.
Is there a credit pull to get a no-points quote?
No credit pull at the initial quote — that's a soft check or no check at all. When you decide to proceed and want a formal pre-approval, we run a hard credit pull. Multiple mortgage inquiries within 45 days count as one for FICO scoring.
How long does a no-points refinance take to close?
FHA Streamline and VA IRRRL: 14-21 days. Conventional no-points: 21-30 days. Most refis sign with a mobile notary at your home, not at a title office.
Meet Your Mortgage Specialist
20+ years originating mortgages across every loan type, licensed since 2005. Same person from quote through closing.
Victor Santos
SENIOR LOAN OFFICER · NMLS #888844
Victor entered mortgage in 2002 as a loan processor and has been writing loans as a licensed LO since 2005. He shops your file across 20+ wholesale lenders, including specialists for every loan type. He'll match you to the right program and the right lender, not just the first one that says yes.
Experience: 20+ yrs originating (LO since 2005)
Personal NMLS: #888844
Company NMLS: #2134550
Licensed in: CA, CO, FL, ID, MD, NH, SC, TX, VA
Get a No-Points Quote in 24 Hours
Send us your current rate and balance. We'll model your savings, run the breakeven math, and tell you straight whether no-points is the right call for your file. Free, no obligation, no credit pull at the first call.
☎ (877) 870-0007Mon-Fri 8am-5pm PT · Licensed in 9 states · NMLS #2134550
Terms & Conditions: Rates shown assume 740 FICO, 70% loan-to-value, single-family primary residence, 30-year fixed. Your actual rate depends on credit profile, debt-to-income, property type, occupancy, loan amount, and current market conditions at lock time. APR includes estimated closing costs and is for comparison purposes. "No lender fees" means OnPoint's wholesale lender does not charge points, origination, or lender administrative fees on this program. Third-party fees (title, escrow, appraisal, recording, transfer tax) are paid to outside vendors and are not waived. Rates change daily and are not guaranteed until locked. Subject to credit and program approval. OnPoint Mortgage Pro is a licensed mortgage broker; NMLS #2134550. Equal Housing Lender.