Compare Today’s Refinance Rates for La Fayette, Illinois 61449
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in La Fayette, Illinois 61449.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,855 over the lifetime of your mortgage, which translates to a monthly savings of $8 in La Fayette and other areas of Stark 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 La Fayette, Illinois 61449
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Interactive Refinance Rate Projections for La Fayette, Illinois 61449
Pureloan has developed an interactive chart to monitor the five largest local lenders in La Fayette, IL 61449, 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 La Fayette, Illinois 61449 from 2024 - 2016
The following historical data provides insights into refinancing trends in La Fayette, Illinois and the surrounding Stark 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 La Fayette, Illinois 61449
If you are considering refinancing your mortgage or obtaining a cash-out refinance in La Fayette, Illinois 61449, we have compiled a list of top refinance brokers to assist you in the process.
Leslie Westen
Loan Officer
440 N Lafayette St
Macomb, IL 61449
(309) 836-4261
leslie.westen@firstbankers.com
Tammy Caldwell
Lending Services Administrator
2901 E. Jackson St
Macomb, IL 61449
(309) 833-2302
tcaldwe@1stfarmcredit.com
Tiffiny Long
Financial Services Officer
2901 E. Jackson St
Macomb, IL 61449
(309) 833-2302
tlong@1stfarmcredit.com
Tony Beiermann
Commercial Lending
21 E Main St
Galesburg, IL 61449
(309) 683-2881
Tony.Beiermann@thefmbank.com
Karen Cabrera
Residential Mortgage Loan Officer
21 E Main St
Galesburg, IL 61449
(309) 343-0002 Ext500
Karen.Cabrera@thefmbank.com
Address
440 N Lafayette St
Macomb, IL
Contact
(309) 836-4261
Fax (301) 639-0804
leslie.westen@firstbankers.com
Address
2901 E. Jackson St
Macomb, IL
Contact
(309) 833-2302
Fax (301) 639-0804
tcaldwe@1stfarmcredit.com
Address
2901 E. Jackson St
Macomb, IL
Contact
(309) 833-2302
Fax (301) 639-0804
tlong@1stfarmcredit.com