Compare Today’s Refinance Rates for Bismarck, Illinois 61814
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Bismarck, Illinois 61814.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,014 over the lifetime of your mortgage, which translates to a monthly savings of $11 in Bismarck 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 Bismarck, Illinois 61814
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Interactive Refinance Rate Projections for Bismarck, Illinois 61814
Pureloan has developed an interactive chart to monitor the five largest local lenders in Bismarck, IL 61814, 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 Bismarck, Illinois 61814 from 2024 - 2016
The following historical data provides insights into refinancing trends in Bismarck, 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 Bismarck, Illinois 61814
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Bismarck, Illinois 61814, 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 61814
(217) 365-4775
Jason.Holdren@busey.com
Chastity Rein
Mortgage Operations Manager
206 E University Ave
Urbana, IL 61814
(217) 278-7700
chastity.rein@uiecu.org
Joni Utnage
Mortgage Lender
2710 Philo Rd
Urbana, IL 61814
(217) 365-4934
joni.utnage@busey.com
Beth Geis
Mortgage Lender
100 W University Ave
Champaign, IL 61814
(217) 351-6544
beth.geis@busey.com
Brett Englehardt
Residential Mortgage Loan Officer & Branch Manager
1311 S Neil St
Champaign, IL 61814
(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