Compare Today’s Refinance Rates for Hennepin, Illinois 61327
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Hennepin, Illinois 61327.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,379 over the lifetime of your mortgage, which translates to a monthly savings of $12 in Hennepin and other areas of Putnam 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 Hennepin, Illinois 61327
Become a certified mortgage expert on Pureloan.com
in Hennepin, Illinois 61327
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Hennepin, Illinois 61327
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hennepin, IL 61327, 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 Hennepin, Illinois 61327 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hennepin, Illinois and the surrounding Putnam 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 Hennepin, Illinois 61327
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hennepin, Illinois 61327, we have compiled a list of top refinance brokers to assist you in the process.
KATHERINE ELMENDORF
Mortgage Consultant
1402 Columbus St
Ottawa, IL 61327
(815) 433-3715
katherine.elmendorf@wellsfargo.com
Jacob Chapman
Loans officer
3184 N State Route 23
Ottawa, IL 61327
(815) 433-1780
jchapma@1stfarmcredit.com
Aaron King
Loans officer
2950 N Main Street suite 1
Princeton, IL 61327
(815) 872-0067
aking@1stfarmcredit.com
Laurie Wood
Lending Services Administrator
2950 N Main Street suite 1
Princeton, IL 61327
(815) 872-0067
lwood@1stfarmcredit.com
Teresa Anderson
Loans officers
2950 N Main Street suite 1
Princeton, IL 61327
(815) 872-0067
tanders@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
Address
2950 N Main Street suite 1
Princeton, IL
Contact
(815) 872-0067
Fax (301) 639-0804
aking@1stfarmcredit.com