Compare Today’s Refinance Rates for Elgin, Illinois

Pureloan analyzes refinance lenders to give you the best real-time home refi rates for Elgin, Illinois 60121. Search for lower interest rates, cash-out refi, or a home equity loan. For 30-year amortization refinancing in Elgin and other areas of Kane county, expected lifetime cash savings are $3,197 or $9 / month.

For Elgin, Illinois 60121, Pureloan’s search engine analyzes all refi loan options including positive equity refinancing, short home refinancing, and HELOC.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Elgin, Illinois 60121

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Elgin, IL

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Elgin, IL 60121, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Elgin, IL

Refinance Rates for Elgin, Illinois 60121 from 2013 - 2020

Below are historical data on refinancing in Elgin, Illinois and around Kane county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 52.05% 42.51% 46.03% 46.81% 47.59% 51.72% 52.87% 49.21%
avg refi rate 4.83% 4.47% 3.89% 3.71% 4.51% 4.08% 3.87% 3.96%
% 15 year fixed refinance 31.31% 39.29% 37.06% 40.01% 39.24% 32.76% 31.65% 37.42%
avg refi rate 4.24% 3.80% 3.26% 2.99% 3.56% 3.30% 3.12% 3.21%
Avg credit score 770.25 772.15 774.52 769.94 759.06 760.89 760.91 756.37
Avg LTV (loan to value) 63.19% 63.53% 65.82% 67.80% 70.83% 72.90% 72.65% 72.76%
Avg DTI (debt to income) 31.92 31.49 30.75 31.25 33.57 33.42 33.25 34.03
Avg refinance insurance % 0.80% 0.97% 1.57% 2.69% 4.02% 4.77% 4.56% 4.47%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Elgin, Illinois 60121

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Elgin, Illinois 60121, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Dan Werner

Loan Officer

40 DuPage Ct

Elgin, IL 60121

(877) 326-5626

danwerner@inlanta.com

Edgar Santiago

Loan Officer

40 DuPage Ct

Elgin, IL 60121

(877) 326-5626

edgarsantiago@inlanta.com

Dan Werner

Mortgage Loan Consultant

3151 US Highway 20

Elgin, IL 60121

(847) 931-0334

dan.werner@thenb.com

Michael Gannon

Lending Manager

1130 N Mclean Blvd

Elgin, IL 60121

(847) 289-2070

Michael.Gannon@chase.com

Scott Gajewski

Mortgage Banker

534 W Saint Charles Rd

Elmhurst, IL 60121

(163) 058-9006

Scott.Gajewski@chase.com

Address

40 DuPage Ct

Elgin, IL

Contact

(877) 326-5626

Fax (301) 639-0804

danwerner@inlanta.com

Address

40 DuPage Ct

Elgin, IL

Contact

(877) 326-5626

Fax (301) 639-0804

edgarsantiago@inlanta.com

Address

3151 US Highway 20

Elgin, IL

Contact

(847) 931-0334

Fax (301) 639-0804

dan.werner@thenb.com

Refinancing News for Elgin, Illinois 60121