Compare Today’s Refinance Rates for Herscher, Illinois 60941
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Herscher, Illinois 60941.
With a 30-year amortization refinance in Herscher and surrounding areas of Kankakee county, our calculations show that you can expect to save up to $5,473 over the lifetime of your mortgage, or a monthly savings of $15. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Herscher, Illinois 60941.
Summary of Average Refinances in Herscher, Illinois 60941
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Interactive Refinance Rate Projections for Herscher, Illinois 60941
Pureloan has developed an interactive chart to monitor the five largest local lenders in Herscher, IL 60941, 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 Herscher, Illinois 60941 from 2024 - 2016
The following historical data provides insights into refinancing trends in Herscher, Illinois and the surrounding Kankakee 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 | 100.00% | 52.88% | 44.14% | 40.68% | 53.45% | 48.75% | 39.34% | 33.17% | 30.98% |
avg refi rate | 6.37% | 3.74% | 3.04% | 3.27% | 4.35% | 4.52% | 4.11% | 3.84% | 3.93% |
% 15 year fixed refinance | 29.81% | 37.12% | 38.79% | 30.17% | 35.00% | 42.62% | 40.70% | 52.17% | |
avg refi rate | 2.78% | 2.55% | 2.76% | 3.85% | 3.99% | 3.28% | 2.98% | 3.02% | |
Avg credit score | 718.00 | 736.60 | 746.15 | 758.69 | 748.22 | 742.88 | 743.68 | 756.47 | 753.63 |
Avg LTV (loan to value) | 67.00% | 66.78% | 71.50% | 73.03% | 72.83% | 69.91% | 72.62% | 74.20% | 71.99% |
Avg DTI (debt to income) | 28.00 | 33.07 | 32.51 | 31.36 | 31.98 | 33.61 | 32.36 | 30.83 | 31.18 |
Avg refinance insurance % | 2.36% | 3.16% | 4.82% | 4.78% | 4.04% | 4.41% | 4.19% | 4.21% |
Best Refinance Brokers around Herscher, Illinois 60941
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Herscher, Illinois 60941, we have compiled a list of top refinance brokers to assist you in the process.
Amber Bukowski
Mortgage Loan Officer
119 N Main St
Grant Park, IL 60941
815
abukowski@my1nb.com
Joyce Gradl
Mortgage Loan Officer
119 N Main St
Grant Park, IL 60941
815
jgradl@my1nb.com
John Betts
Mortgage Loan Officer
119 N Main St
Grant Park, IL 60941
(815) 465-7234
Jbetts@my1nb.com
Aaron Heldt
Mortgage Loan Officer
119 N Main St
Grant Park, IL 60941
(815) 465-7244
Aheldt@my1nb.com
Kelly Krippel
Mortgage Loan Officer
119 N Main St
Grant Park, IL 60941
(815) 465-7238
Kkrippel@my1nb.com
Address
119 N Main St
Grant Park, IL
Contact
815
Fax (301) 639-0804
abukowski@my1nb.com
Address
119 N Main St
Grant Park, IL
Contact
815
Fax (301) 639-0804
jgradl@my1nb.com
Address
119 N Main St
Grant Park, IL
Contact
(815) 465-7234
Fax (301) 639-0804
Jbetts@my1nb.com