Compare Today’s Refinance Rates for Oakland, Iowa 51560
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Oakland, Iowa 51560.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,815 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Oakland and other areas of Pottawattamie 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 Oakland, Iowa 51560
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Interactive Refinance Rate Projections for Oakland, Iowa 51560
Pureloan has developed an interactive chart to monitor the five largest local lenders in Oakland, IA 51560, 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 Oakland, Iowa 51560 from 2024 - 2016
The following historical data provides insights into refinancing trends in Oakland, Iowa and the surrounding Pottawattamie 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% | 57.89% | 32.10% | 21.88% | 53.33% | 77.78% | 40.00% | 35.71% | 66.67% |
avg refi rate | 5.88% | 4.65% | 2.94% | 2.96% | 4.02% | 4.55% | 3.95% | 3.77% | 3.97% |
% 15 year fixed refinance | 15.79% | 48.15% | 53.13% | 26.67% | 22.22% | 48.00% | 35.71% | 23.81% | |
avg refi rate | 2.38% | 2.36% | 2.54% | 3.38% | 4.19% | 3.19% | 2.98% | 3.15% | |
Avg credit score | 733.00 | 734.63 | 755.30 | 762.57 | 756.87 | 736.56 | 742.44 | 747.93 | 755.14 |
Avg LTV (loan to value) | 73.33% | 69.16% | 67.05% | 65.78% | 73.80% | 74.67% | 71.48% | 64.14% | 70.00% |
Avg DTI (debt to income) | 25.33 | 30.53 | 28.53 | 28.14 | 24.73 | 32.11 | 32.32 | 25.36 | 28.00 |
Avg refinance insurance % | 8.33% | 0.63% | 3.63% | 3.20% | 4.80% | 2.00% | 1.96% | 2.14% | 3.81% |
Best Refinance Brokers around Oakland, Iowa 51560
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Oakland, Iowa 51560, we have compiled a list of top refinance brokers to assist you in the process.
Michael Rau
Consumer Banking Officer
301 Oakland Avenue, PO Box 68
Oakland, IA 51560
(712) 482-4004
michaelrau@arborbanking.com
Tim Kramer
Ag Banking Officer
301 Oakland Avenue, PO Box 68
Oakland, IA 51560
(712) 482-4000
timkramer@arborbanking.com
Robb Jacobsen
VP/Ag Banking Officer
301 Oakland Avenue, PO Box 68
Oakland, IA 51560
(712) 482-4009
robbjacobsen@arborbanking.com
Kevin Goshorn
Oakland Market President
301 Oakland Avenue, PO Box 68
Oakland, IA 51560
(712) 482-4001
kevingoshorn@arborbanking.com
Michael Christensen
Loan officer
102 Main St.,
Panama, IA 51560
(712) 489-2424
michaelchristensen@scsbnet.com
Address
301 Oakland Avenue, PO Box 68
Oakland, IA
Contact
(712) 482-4004
Fax (301) 639-0804
michaelrau@arborbanking.com
Address
301 Oakland Avenue, PO Box 68
Oakland, IA
Contact
(712) 482-4000
Fax (301) 639-0804
timkramer@arborbanking.com
Address
301 Oakland Avenue, PO Box 68
Oakland, IA
Contact
(712) 482-4009
Fax (301) 639-0804
robbjacobsen@arborbanking.com