Compare Today’s Refinance Rates for Covington, Georgia 30016
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Covington, Georgia 30016.
With a 30-year amortization refinance in Covington and surrounding areas of Newton county, our calculations show that you can expect to save up to $24,104 over the lifetime of your mortgage, or a monthly savings of $67. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Covington, Georgia 30016.
Summary of Average Refinances in Covington, Georgia 30016
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Interactive Refinance Rate Projections for Covington, Georgia 30016
Pureloan has developed an interactive chart to monitor the five largest local lenders in Covington, GA 30016, 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 Covington, Georgia 30016 from 2024 - 2016
The following historical data provides insights into refinancing trends in Covington, Georgia and the surrounding Newton 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 | 76.25% | 54.82% | 57.77% | 59.44% | 59.58% | 54.67% | 48.28% | 53.05% | 52.93% |
avg refi rate | 5.83% | 3.44% | 2.92% | 3.21% | 4.09% | 4.54% | 4.12% | 3.90% | 4.07% |
% 15 year fixed refinance | 11.25% | 27.24% | 26.71% | 25.52% | 25.99% | 34.07% | 38.93% | 34.10% | 34.50% |
avg refi rate | 5.72% | 2.65% | 2.37% | 2.73% | 3.54% | 3.85% | 3.29% | 3.09% | 3.26% |
Avg credit score | 737.11 | 744.03 | 757.08 | 763.22 | 752.34 | 742.83 | 747.54 | 755.11 | 757.53 |
Avg LTV (loan to value) | 59.01% | 57.38% | 64.66% | 68.76% | 70.25% | 67.80% | 68.89% | 71.10% | 72.33% |
Avg DTI (debt to income) | 38.30 | 33.60 | 31.34 | 31.04 | 33.05 | 34.04 | 33.27 | 31.55 | 31.45 |
Avg refinance insurance % | 1.99% | 0.60% | 1.87% | 3.30% | 4.33% | 2.85% | 3.08% | 3.68% | 4.15% |
Best Refinance Brokers around Covington, Georgia 30016
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Covington, Georgia 30016, we have compiled a list of top refinance brokers to assist you in the process.
Wallace Gentry
Senior Mortgage Consultant
1108 Clark St. SW
Covington, GA 30016
(770) 278-0400
wallacegentry@elementfunding.com
Thomas Green
Home Mortgage Consultant
3325 Paddock Pkwy Ste 390
Suwanee, GA 30016
(770) 205-5662
thomas.green@wellsfargo.com
Miguel Hawkins
Home Mortgage Consultant
3325 Paddock Pkwy Ste 390
Suwanee, GA 30016
(770) 205-5662
miguel.hawkins@wellsfargo.com
Dwight Grandison
Home Mortgage Consultant
3325 Paddock Pkwy Ste 390
Suwanee, GA 30016
(770) 205-5662
dwight.grandison@wellsfargo.com
Chuck Ewing
Mortgage Banker
1000 Mansell Exchange W
Alpharetta, GA 30016
(770) 649-4933
chuck.ewing@lionbank.com
Address
1108 Clark St. SW
Covington, GA
Contact
(770) 278-0400
Fax (301) 639-0804
wallacegentry@elementfunding.com
Address
3325 Paddock Pkwy Ste 390
Suwanee, GA
Contact
(770) 205-5662
Fax (301) 639-0804
thomas.green@wellsfargo.com
Address
3325 Paddock Pkwy Ste 390
Suwanee, GA
Contact
(770) 205-5662
Fax (301) 639-0804
miguel.hawkins@wellsfargo.com