Compare Today’s Refinance Rates for Downs, Illinois 61736
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Downs, Illinois 61736.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,801 over the lifetime of your mortgage, which translates to a monthly savings of $19 in Downs and other areas of Mclean 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 Downs, Illinois 61736
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Interactive Refinance Rate Projections for Downs, Illinois 61736
Pureloan has developed an interactive chart to monitor the five largest local lenders in Downs, IL 61736, 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 Downs, Illinois 61736 from 2024 - 2016
The following historical data provides insights into refinancing trends in Downs, Illinois and the surrounding Mclean 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 Downs, Illinois 61736
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Downs, Illinois 61736, we have compiled a list of top refinance brokers to assist you in the process.
Doug Carls
Mortgage Loan Officer
124 S Main St
Flanagan, IL 61736
(815) 796-2264
dougcarls@flanaganstatebank.com
Cathy Baker
Mortgage Lender
2101 N Veterans Pkwy
Bloomington, IL 61736
(309) 834-1023
cathy.baker@busey.com
Rebecca Bergquist
Loan Officer
712 Iaa Dr
Bloomington, IL 61736
(309) 664-4400
rebeccabergquist@inlanta.com
Patty Gilmore
Loan Officer
712 Iaa Dr
Bloomington, IL 61736
(309) 664-4400
pattygilmore@inlanta.com
Dustin Wickenhauser
Mortgage Consultant
139 N Williamsburg Dr
Bloomington, IL 61736
(309) 663-5231
dwickenhauser@psbank.net
Address
124 S Main St
Flanagan, IL
Contact
(815) 796-2264
Fax (301) 639-0804
dougcarls@flanaganstatebank.com
Address
2101 N Veterans Pkwy
Bloomington, IL
Contact
(309) 834-1023
Fax (301) 639-0804
cathy.baker@busey.com
Address
712 Iaa Dr
Bloomington, IL
Contact
(309) 664-4400
Fax (301) 639-0804
rebeccabergquist@inlanta.com