Compare Today’s Refinance Rates for Roanoke, Alabama 36274
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Roanoke, Alabama 36274.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,248 over the lifetime of your mortgage, which translates to a monthly savings of $12 in Roanoke and other areas of Randolph county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
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Summary of Average Refinances in Roanoke, Alabama 36274
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Roanoke, Alabama 36274
Pureloan has developed an interactive chart to monitor the five largest local lenders in Roanoke, AL 36274, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Roanoke, Alabama 36274 from 2024 - 2016
The following historical data provides insights into refinancing trends in Roanoke, Alabama and the surrounding Randolph county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed refinance | 88.46% | 64.00% | 56.88% | 56.29% | 68.15% | 63.89% | 63.50% | 60.76% | 65.05% |
| avg refi rate | 6.30% | 3.89% | 2.98% | 3.26% | 4.27% | 4.60% | 4.14% | 3.95% | 4.09% |
| % 15 year fixed refinance | 11.54% | 17.78% | 26.81% | 28.62% | 22.93% | 25.00% | 24.09% | 25.95% | 22.58% |
| avg refi rate | 5.92% | 2.65% | 2.46% | 2.78% | 3.83% | 3.91% | 3.31% | 3.23% | 3.41% |
| Avg credit score | 751.35 | 744.60 | 750.40 | 756.83 | 748.64 | 733.43 | 743.16 | 752.23 | 748.60 |
| Avg LTV (loan to value) | 76.15% | 70.30% | 72.65% | 75.03% | 76.64% | 74.69% | 74.21% | 76.77% | 75.49% |
| Avg DTI (debt to income) | 33.77 | 33.00 | 30.92 | 31.19 | 32.73 | 32.86 | 31.63 | 32.32 | 30.75 |
| Avg refinance insurance % | 10.12% | 5.09% | 4.62% | 5.83% | 8.77% | 7.06% | 6.70% | 7.52% | 7.48% |
Best Refinance Brokers around Roanoke, Alabama 36274
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Roanoke, Alabama 36274, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Mitch Key
CEO/President
111 W Broad St,
Wedowee, AL 36274
(256) 357-2132
mitchk@bankofwedowee.com
Tommy Holmes
Executive Vice President
111 W Broad St,
Wedowee, AL 36274
(256) 357-2132
tommyh@bankofwedowee.com
Tim May
Loan Officer
111 W Broad St,
Wedowee, AL 36274
(334) 863-7917
timm@bankofwedowee.com
David Sears
Loan Officer
111 W Broad St,
Wedowee, AL 36274
(256) 449-6343
davids@bankofwedowee.com
Susan Yarbrough
Loan Officer
111 W Broad St,
Wedowee, AL 36274
(256) 449-6343
susany@bankofwedowee.com
Address
111 W Broad St,
Wedowee, AL
Contact
(256) 357-2132
Fax (301) 639-0804
mitchk@bankofwedowee.com
Address
111 W Broad St,
Wedowee, AL
Contact
(256) 357-2132
Fax (301) 639-0804
tommyh@bankofwedowee.com
Address
111 W Broad St,
Wedowee, AL
Contact
(334) 863-7917
Fax (301) 639-0804
timm@bankofwedowee.com