Compare Today’s Refinance Rates for Merna, Illinois 61758
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Merna, Illinois 61758.
With a 30-year amortization refinance in Merna and surrounding areas of Mclean county, our calculations show that you can expect to save up to $5,727 over the lifetime of your mortgage, or a monthly savings of $16. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Merna, Illinois 61758.
Summary of Average Refinances in Merna, Illinois 61758
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Interactive Refinance Rate Projections for Merna, Illinois 61758
Pureloan has developed an interactive chart to monitor the five largest local lenders in Merna, IL 61758, 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 Merna, Illinois 61758 from 2024 - 2016
The following historical data provides insights into refinancing trends in Merna, Illinois and the surrounding Mclean 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 Merna, Illinois 61758
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Merna, Illinois 61758, we have compiled a list of top refinance brokers to assist you in the process.
Keith Detwiler
Loans officer
2005 Jacobssen Drive suite C
Normal, IL 61758
(309) 268-0327
kdetwil@1stfarmcredit.com
Angela Cleary
Lending Services Administrator
2005 Jacobssen Drive suite C
Normal, IL 61758
(309) 268-0327
acleary@1stfarmcredit.com
Brent Byarley
Loans officer
1512 W. Reynolds St.suite D
Pontiac, IL 61758
(815) 844-6024
bbyarle@1stfarmcredit.com
Jason Holdren
Mortgage Lender
201 W Main St
Urbana, IL 61758
(217) 365-4775
Jason.Holdren@busey.com
Chastity Rein
Mortgage Operations Manager
206 E University Ave
Urbana, IL 61758
(217) 278-7700
chastity.rein@uiecu.org
Address
2005 Jacobssen Drive suite C
Normal, IL
Contact
(309) 268-0327
Fax (301) 639-0804
kdetwil@1stfarmcredit.com
Address
2005 Jacobssen Drive suite C
Normal, IL
Contact
(309) 268-0327
Fax (301) 639-0804
acleary@1stfarmcredit.com
Address
1512 W. Reynolds St.suite D
Pontiac, IL
Contact
(815) 844-6024
Fax (301) 639-0804
bbyarle@1stfarmcredit.com