Compare Today’s Refinance Rates for Mendota, Illinois 61342
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mendota, Illinois 61342.
With a 30-year amortization refinance in Mendota and surrounding areas of La Salle county, our calculations show that you can expect to save up to $3,284 over the lifetime of your mortgage, or a monthly savings of $9. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Mendota, Illinois 61342.
Summary of Average Refinances in Mendota, Illinois 61342
Become a certified mortgage expert on Pureloan.com
in Mendota, Illinois 61342
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Mendota, Illinois 61342
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mendota, IL 61342, 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 Mendota, Illinois 61342 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mendota, Illinois and the surrounding La Salle 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 Mendota, Illinois 61342
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mendota, Illinois 61342, we have compiled a list of top refinance brokers to assist you in the process.
Betsy Westrick
Branch Mgr
1205 Washington Street
Mendota, IL 61342
(800) 345-2178
mendota@ffsbweb.com
KATHERINE ELMENDORF
Mortgage Consultant
1402 Columbus St
Ottawa, IL 61342
(815) 433-3715
katherine.elmendorf@wellsfargo.com
Jacob Chapman
Loans officer
3184 N State Route 23
Ottawa, IL 61342
(815) 433-1780
jchapma@1stfarmcredit.com
Aaron King
Loans officer
2950 N Main Street suite 1
Princeton, IL 61342
(815) 872-0067
aking@1stfarmcredit.com
Laurie Wood
Lending Services Administrator
2950 N Main Street suite 1
Princeton, IL 61342
(815) 872-0067
lwood@1stfarmcredit.com
Address
1205 Washington Street
Mendota, IL
Contact
(800) 345-2178
Fax (301) 639-0804
mendota@ffsbweb.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