Compare Today’s Refinance Rates for Champaign, Illinois 61822
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Champaign, Illinois 61822.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Champaign, Illinois 61822. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,108 or $14 per month in Champaign and other parts of Champaign county.
Summary of Average Refinances in Champaign, Illinois 61822
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Interactive Refinance Rate Projections for Champaign, Illinois 61822
Pureloan has developed an interactive chart to monitor the five largest local lenders in Champaign, IL 61822, 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 Champaign, Illinois 61822 from 2024 - 2016
The following historical data provides insights into refinancing trends in Champaign, Illinois and the surrounding Champaign 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 Champaign, Illinois 61822
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Champaign, Illinois 61822, we have compiled a list of top refinance brokers to assist you in the process.
Denise Lindsay
Branch Manager I
201 W University Ave
Champaign, IL 61822
(217) 353-6707
john.osorio@marinebank.com
Jordan Frane
Personal Banker
201 W University Ave
Champaign, IL 61822
(217) 353-6707
robin.antonsen@cibmbank.com
Desa Phetchareun
Branch Manager I
1617 W Springfield Ave
Champaign, IL 61822
(217) 366-4535
joe.perkins@cibbank.com
Roberta Antonsen
Business Development
1617 W Springfield Ave
Champaign, IL 61822
(217) 355-0900
desa.phetchareun@cibbank.com
Brad Bengston
Assistant Vice President Mortgage Lender
3002 Windsor Rd
Champaign, IL 61822
(217) 365-4855
Brad.Bengston@busey.com
Address
201 W University Ave
Champaign, IL
Contact
(217) 353-6707
Fax (301) 639-0804
john.osorio@marinebank.com
Address
201 W University Ave
Champaign, IL
Contact
(217) 353-6707
Fax (301) 639-0804
robin.antonsen@cibmbank.com
Address
1617 W Springfield Ave
Champaign, IL
Contact
(217) 366-4535
Fax (301) 639-0804
joe.perkins@cibbank.com