Compare Today’s Refinance Rates for Columbia, Illinois 62236
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Columbia, Illinois 62236.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,341 over the lifetime of your mortgage, which translates to a monthly savings of $12 in Columbia and other areas of Monroe 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 Columbia, Illinois 62236
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Interactive Refinance Rate Projections for Columbia, Illinois 62236
Pureloan has developed an interactive chart to monitor the five largest local lenders in Columbia, IL 62236, 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 Columbia, Illinois 62236 from 2024 - 2016
The following historical data provides insights into refinancing trends in Columbia, Illinois and the surrounding Monroe 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 | 42.21% | 43.72% | 37.93% | 49.84% | 40.10% | 40.34% | 38.55% | 54.27% | |
avg refi rate | 3.95% | 3.92% | 4.11% | 4.51% | 3.74% | 3.96% | 4.53% | 4.83% | |
% 15 year fixed refinance | 37.19% | 30.42% | 33.70% | 30.10% | 35.17% | 34.69% | 40.15% | 33.94% | |
avg refi rate | 3.20% | 3.12% | 3.21% | 3.54% | 2.98% | 3.24% | 3.78% | 4.21% | |
Avg credit score | 759.66 | 761.43 | 758.70 | 754.77 | 766.58 | 769.75 | 766.48 | 768.91 | |
Avg LTV (loan to value) | 74.79% | 74.63% | 74.45% | 75.36% | 70.82% | 69.70% | 67.56% | 68.97% | |
Avg DTI (debt to income) | 31.52 | 31.20 | 31.34 | 31.75 | 30.35 | 29.70 | 30.58 | 29.93 | |
Avg refinance insurance % | 5.49% | 5.82% | 5.34% | 5.41% | 3.79% | 2.79% | 2.12% | 2.04% |
Best Refinance Brokers around Columbia, Illinois 62236
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Columbia, Illinois 62236, we have compiled a list of top refinance brokers to assist you in the process.
Wayne Steiner
Loan Officer
111 Walnut St
Highland, IL 62236
(618) 651-9090
wsteiner@fcbbanks.com
Karen Feldmann
Loan Officer
111 Walnut St
Highland, IL 62236
(618) 651-9090
kfeldmann@fcbbanks.com
Diana Cromeans
Loan Officer
201 N Commercial St
Albers, IL 62236
(618) 248-5176
dcromeans@fcbbanks.com
AnneMarie Toeben
Home Loan Consultant
550 N 2nd St Ofc
Breese, IL 62236
(618) 420-8274
annemarie.toeben@fbol.com
Jim Carlson
Loan Officer
14 E Hanover St
New Baden, IL 62236
(618) 588-3511
jcarlson@fcbbanks.com
Address
111 Walnut St
Highland, IL
Contact
(618) 651-9090
Fax (301) 639-0804
wsteiner@fcbbanks.com
Address
111 Walnut St
Highland, IL
Contact
(618) 651-9090
Fax (301) 639-0804
kfeldmann@fcbbanks.com
Address
201 N Commercial St
Albers, IL
Contact
(618) 248-5176
Fax (301) 639-0804
dcromeans@fcbbanks.com