Compare Today’s Refinance Rates for Coffeen, Illinois 62017
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Coffeen, Illinois 62017.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,379 over the lifetime of your mortgage, which translates to a monthly savings of $7 in Coffeen and other areas of Montgomery 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 Coffeen, Illinois 62017
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Interactive Refinance Rate Projections for Coffeen, Illinois 62017
Pureloan has developed an interactive chart to monitor the five largest local lenders in Coffeen, IL 62017, 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 Coffeen, Illinois 62017 from 2024 - 2016
The following historical data provides insights into refinancing trends in Coffeen, Illinois and the surrounding Montgomery 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 | 88.24% | 54.51% | 45.23% | 47.50% | 56.23% | 59.69% | 49.15% | 41.89% | 41.54% |
| avg refi rate | 6.40% | 3.93% | 3.01% | 3.23% | 4.19% | 4.50% | 4.02% | 3.82% | 4.00% |
| % 15 year fixed refinance | 11.76% | 33.48% | 36.37% | 35.19% | 25.22% | 28.57% | 33.56% | 28.42% | 33.46% |
| avg refi rate | 5.94% | 2.94% | 2.38% | 2.65% | 3.64% | 3.96% | 3.26% | 3.00% | 3.16% |
| Avg credit score | 739.47 | 736.56 | 753.23 | 761.33 | 752.13 | 792.89 | 745.51 | 752.77 | 753.18 |
| Avg LTV (loan to value) | 65.29% | 67.77% | 70.12% | 71.76% | 73.11% | 69.98% | 72.46% | 73.53% | 72.53% |
| Avg DTI (debt to income) | 37.41 | 31.35 | 30.48 | 29.95 | 32.02 | 31.13 | 31.42 | 30.92 | 31.10 |
| Avg refinance insurance % | 5.29% | 2.15% | 3.11% | 4.19% | 5.27% | 3.16% | 4.30% | 5.43% | 5.01% |
Best Refinance Brokers around Coffeen, Illinois 62017
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Coffeen, Illinois 62017, we have compiled a list of top refinance brokers to assist you in the process.
Barbara Gerstner
Loan Officer
6659 Center Grove Rd
Edwardsville, IL 62017
(618) 656-9090
bgerstner@fcbbanks.com
Ed Kovach
Loan Officer
6659 Center Grove Rd
Edwardsville, IL 62017
(618) 656-9090
ekovach@fcbbanks.com
Dave Toby
Loan Officer
6659 Center Grove Rd
Edwardsville, IL 62017
(618) 656-9090
dtoby@fcbbanks.com
Beth Zabala
Loan Officer
6659 Center Grove Rd
Edwardsville, IL 62017
(618) 656-9090
bzabala@fcbbanks.com
Debbie White
Mortgage Loan Officer
6659 Center Grove Rd
Edwardsville, IL 62017
(618) 973-7534
dwhite@firstcomortgage.com
Address
6659 Center Grove Rd
Edwardsville, IL
Contact
(618) 656-9090
Fax (301) 639-0804
bgerstner@fcbbanks.com
Address
6659 Center Grove Rd
Edwardsville, IL
Contact
(618) 656-9090
Fax (301) 639-0804
ekovach@fcbbanks.com
Address
6659 Center Grove Rd
Edwardsville, IL
Contact
(618) 656-9090
Fax (301) 639-0804
dtoby@fcbbanks.com