Compare Today’s Refinance Rates for Somerset, Colorado 81434
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Somerset, Colorado 81434.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,548 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Somerset and other areas of Gunnison 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.
Summary of Average Refinances in Somerset, Colorado 81434
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Interactive Refinance Rate Projections for Somerset, Colorado 81434
Pureloan has developed an interactive chart to monitor the five largest local lenders in Somerset, CO 81434, 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 Somerset, Colorado 81434 from 2024 - 2016
The following historical data provides insights into refinancing trends in Somerset, Colorado and the surrounding Gunnison 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 | 100.00% | 68.51% | 66.58% | 66.07% | 69.49% | 60.44% | 57.75% | 55.70% | 52.53% |
| avg refi rate | 6.34% | 3.71% | 2.97% | 3.32% | 4.30% | 4.68% | 4.20% | 3.97% | 4.24% |
| % 15 year fixed refinance | 20.99% | 21.68% | 18.83% | 19.77% | 28.57% | 30.28% | 32.91% | 34.81% | |
| avg refi rate | 2.91% | 2.49% | 2.84% | 3.66% | 3.90% | 3.49% | 3.32% | 3.34% | |
| Avg credit score | 756.00 | 729.22 | 745.24 | 752.41 | 745.36 | 738.34 | 744.09 | 750.91 | 750.03 |
| Avg LTV (loan to value) | 64.85% | 58.08% | 63.12% | 67.45% | 69.01% | 67.31% | 72.75% | 71.84% | 72.07% |
| Avg DTI (debt to income) | 41.77 | 34.49 | 34.65 | 33.84 | 34.94 | 34.33 | 33.58 | 33.37 | 30.90 |
| Avg refinance insurance % | 1.92% | 1.07% | 1.57% | 3.13% | 3.95% | 2.16% | 3.71% | 4.65% | 4.89% |
Best Refinance Brokers around Somerset, Colorado 81434
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Somerset, Colorado 81434, we have compiled a list of top refinance brokers to assist you in the process.
Dennis Alexander
Loan Officer/Compliance Rep
119 Liddell St
Ridgway, CO 81434
(970) 626-4100
DennisAlexander@alpinebank.com
Todd Baize
Loan Officer/Compliance Rep
120 S. Pine St.
Telluride, CO 81434
(970) 728-5050
ToddBaize@alpinebank.com
Danny Craft
Loan Officer
120 S. Pine St.
Telluride, CO 81434
(970) 728-5050
DannyCraft@alpinebank.com
Terri Gabarron
CSR/Teller/Loan Assistant
120 S. Pine St.
Telluride, CO 81434
(970) 728-5050
TerriGabarron@alpinebank.com
Andrew Karow
Loan Officer/Regional President
120 S. Pine St.
Telluride, CO 81434
(970) 728-5050
AndrewKarow@alpinebank.com
Address
119 Liddell St
Ridgway, CO
Contact
(970) 626-4100
Fax (301) 639-0804
DennisAlexander@alpinebank.com
Address
120 S. Pine St.
Telluride, CO
Contact
(970) 728-5050
Fax (301) 639-0804
ToddBaize@alpinebank.com
Address
120 S. Pine St.
Telluride, CO
Contact
(970) 728-5050
Fax (301) 639-0804
DannyCraft@alpinebank.com