Compare Today’s Refinance Rates for Alvin, Illinois 61811
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Alvin, Illinois 61811.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,038 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Alvin and other areas of Vermilion 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 Alvin, Illinois 61811
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Interactive Refinance Rate Projections for Alvin, Illinois 61811
Pureloan has developed an interactive chart to monitor the five largest local lenders in Alvin, IL 61811, 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 Alvin, Illinois 61811 from 2024 - 2016
The following historical data provides insights into refinancing trends in Alvin, Illinois and the surrounding Vermilion 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 | 89.47% | 46.48% | 38.95% | 39.11% | 51.84% | 62.75% | 47.58% | 36.68% | 39.77% |
| avg refi rate | 6.43% | 3.76% | 2.98% | 3.20% | 4.24% | 4.55% | 4.11% | 3.79% | 3.97% |
| % 15 year fixed refinance | 5.26% | 42.61% | 41.58% | 40.96% | 34.36% | 27.45% | 38.29% | 48.49% | 44.32% |
| avg refi rate | 6.50% | 2.81% | 2.40% | 2.63% | 3.55% | 3.84% | 3.26% | 2.95% | 3.07% |
| Avg credit score | 742.84 | 777.14 | 762.58 | 766.15 | 751.47 | 746.37 | 752.87 | 754.41 | 759.78 |
| Avg LTV (loan to value) | 63.00% | 65.68% | 67.49% | 70.61% | 70.17% | 73.75% | 71.90% | 72.44% | 73.51% |
| Avg DTI (debt to income) | 31.32 | 32.20 | 31.42 | 30.69 | 32.02 | 33.93 | 32.35 | 31.75 | 31.77 |
| Avg refinance insurance % | 0.63% | 2.18% | 2.54% | 3.32% | 3.53% | 4.31% | 4.20% | 4.14% | 4.63% |
Best Refinance Brokers around Alvin, Illinois 61811
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Alvin, Illinois 61811, we have compiled a list of top refinance brokers to assist you in the process.
Jason Holdren
Mortgage Lender
201 W Main St
Urbana, IL 61811
(217) 365-4775
Jason.Holdren@busey.com
Chastity Rein
Mortgage Operations Manager
206 E University Ave
Urbana, IL 61811
(217) 278-7700
chastity.rein@uiecu.org
Joni Utnage
Mortgage Lender
2710 Philo Rd
Urbana, IL 61811
(217) 365-4934
joni.utnage@busey.com
Beth Geis
Mortgage Lender
100 W University Ave
Champaign, IL 61811
(217) 351-6544
beth.geis@busey.com
Brett Englehardt
Residential Mortgage Loan Officer & Branch Manager
1311 S Neil St
Champaign, IL 61811
(217) 356-2265
benglehardt@356bank.com
Address
201 W Main St
Urbana, IL
Contact
(217) 365-4775
Fax (301) 639-0804
Jason.Holdren@busey.com
Address
206 E University Ave
Urbana, IL
Contact
(217) 278-7700
Fax (301) 639-0804
chastity.rein@uiecu.org
Address
2710 Philo Rd
Urbana, IL
Contact
(217) 365-4934
Fax (301) 639-0804
joni.utnage@busey.com