Compare Today’s Refinance Rates for Elgin, Illinois 60121
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Elgin, Illinois 60121.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Elgin, Illinois 60121. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,597 or $13 per month in Elgin and other parts of Kane county.
Summary of Average Refinances in Elgin, Illinois 60121
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Interactive Refinance Rate Projections for Elgin, Illinois 60121
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elgin, IL 60121, 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 Elgin, Illinois 60121 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elgin, Illinois and the surrounding Kane 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 | 49.21% | 52.87% | 51.72% | 47.59% | 46.81% | 46.03% | 42.51% | 52.05% | |
avg refi rate | 3.96% | 3.87% | 4.08% | 4.51% | 3.71% | 3.89% | 4.47% | 4.83% | |
% 15 year fixed refinance | 37.42% | 31.65% | 32.76% | 39.24% | 40.01% | 37.06% | 39.29% | 31.31% | |
avg refi rate | 3.21% | 3.12% | 3.30% | 3.56% | 2.99% | 3.26% | 3.80% | 4.24% | |
Avg credit score | 756.37 | 760.91 | 760.89 | 759.06 | 769.94 | 774.52 | 772.15 | 770.25 | |
Avg LTV (loan to value) | 72.76% | 72.65% | 72.90% | 70.83% | 67.80% | 65.82% | 63.53% | 63.19% | |
Avg DTI (debt to income) | 34.03 | 33.25 | 33.42 | 33.57 | 31.25 | 30.75 | 31.49 | 31.92 | |
Avg refinance insurance % | 4.47% | 4.56% | 4.77% | 4.02% | 2.69% | 1.57% | 0.97% | 0.80% |
Best Refinance Brokers around Elgin, Illinois 60121
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elgin, Illinois 60121, we have compiled a list of top refinance brokers to assist you in the process.
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