Compare Today’s Refinance Rates for Geneseo, Illinois 61254
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Geneseo, Illinois 61254.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,423 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Geneseo and other areas of Henry 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 Geneseo, Illinois 61254
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Interactive Refinance Rate Projections for Geneseo, Illinois 61254
Pureloan has developed an interactive chart to monitor the five largest local lenders in Geneseo, IL 61254, 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 Geneseo, Illinois 61254 from 2024 - 2016
The following historical data provides insights into refinancing trends in Geneseo, Illinois and the surrounding Henry 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 Geneseo, Illinois 61254
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Geneseo, Illinois 61254, we have compiled a list of top refinance brokers to assist you in the process.
Todd Davison
Loans officer
1303 US Highway 6
Geneseo, IL 61254
(309) 944-6731
tdaviso@1stfarmcredit.com
KATHERINE ELMENDORF
Mortgage Consultant
1402 Columbus St
Ottawa, IL 61254
(815) 433-3715
katherine.elmendorf@wellsfargo.com
Jacob Chapman
Loans officer
3184 N State Route 23
Ottawa, IL 61254
(815) 433-1780
jchapma@1stfarmcredit.com
Aaron King
Loans officer
2950 N Main Street suite 1
Princeton, IL 61254
(815) 872-0067
aking@1stfarmcredit.com
Laurie Wood
Lending Services Administrator
2950 N Main Street suite 1
Princeton, IL 61254
(815) 872-0067
lwood@1stfarmcredit.com
Address
1303 US Highway 6
Geneseo, IL
Contact
(309) 944-6731
Fax (301) 639-0804
tdaviso@1stfarmcredit.com
Address
1402 Columbus St
Ottawa, IL
Contact
(815) 433-3715
Fax (301) 639-0804
katherine.elmendorf@wellsfargo.com
Address
3184 N State Route 23
Ottawa, IL
Contact
(815) 433-1780
Fax (301) 639-0804
jchapma@1stfarmcredit.com