Compare Today’s Refinance Rates for Panama, Iowa 51562
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Panama, Iowa 51562.
With a 30-year amortization refinance in Panama and surrounding areas of Shelby county, our calculations show that you can expect to save up to $3,339 over the lifetime of your mortgage, or a monthly savings of $9. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Panama, Iowa 51562.
Summary of Average Refinances in Panama, Iowa 51562
Become a certified mortgage expert on Pureloan.com
in Panama, Iowa 51562
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Panama, Iowa 51562
Pureloan has developed an interactive chart to monitor the five largest local lenders in Panama, IA 51562, 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 Panama, Iowa 51562 from 2024 - 2016
The following historical data provides insights into refinancing trends in Panama, Iowa and the surrounding Shelby 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 Panama, Iowa 51562
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Panama, Iowa 51562, we have compiled a list of top refinance brokers to assist you in the process.
Michael Christensen
Loan officer
102 Main St.,
Panama, IA 51562
(712) 489-2424
michaelchristensen@scsbnet.com
Kevin Goshorn
Oakland Market President
301 Oakland Avenue, PO Box 68
Oakland, IA 51562
(712) 482-4001
kevingoshorn@arborbanking.com
Robb Jacobsen
VP/Ag Banking Officer
301 Oakland Avenue, PO Box 68
Oakland, IA 51562
(712) 482-4009
robbjacobsen@arborbanking.com
Tim Kramer
Ag Banking Officer
301 Oakland Avenue, PO Box 68
Oakland, IA 51562
(712) 482-4000
timkramer@arborbanking.com
Michael Rau
Consumer Banking Officer
301 Oakland Avenue, PO Box 68
Oakland, IA 51562
(712) 482-4004
michaelrau@arborbanking.com
Address
102 Main St.,
Panama, IA
Contact
(712) 489-2424
Fax (301) 639-0804
michaelchristensen@scsbnet.com
Address
301 Oakland Avenue, PO Box 68
Oakland, IA
Contact
(712) 482-4001
Fax (301) 639-0804
kevingoshorn@arborbanking.com
Address
301 Oakland Avenue, PO Box 68
Oakland, IA
Contact
(712) 482-4009
Fax (301) 639-0804
robbjacobsen@arborbanking.com