Compare Today’s Refinance Rates for Monticello, Illinois 61856
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Monticello, Illinois 61856.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,423 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Monticello and other areas of Piatt 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 Monticello, Illinois 61856
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Interactive Refinance Rate Projections for Monticello, Illinois 61856
Pureloan has developed an interactive chart to monitor the five largest local lenders in Monticello, IL 61856, 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 Monticello, Illinois 61856 from 2024 - 2016
The following historical data provides insights into refinancing trends in Monticello, Illinois and the surrounding Piatt 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 Monticello, Illinois 61856
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Monticello, Illinois 61856, we have compiled a list of top refinance brokers to assist you in the process.
Tonja Arthur
Loan Officer
PO Box 499
Mattoon, IL 61856
(217) 258-0437
TArthur@firstmid.com
Cassandra Fisher
Loan Officer
PO Box 499
Mattoon, IL 61856
(217) 258-0437
CFisher@firstmid.com
Michelle Hoffman
Loan Officer
PO Box 499
Mattoon, IL 61856
(217) 258-0437
MHoffman@firstmid.com
John Johannes
Loan Officer
PO Box 499
Mattoon, IL 61856
(217) 258-0437
JJohannes@firstmid.com
Pamela Koss
Loan Officer
PO Box 499
Mattoon, IL 61856
(217) 258-0437
PKoss@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
TArthur@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
CFisher@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
MHoffman@firstmid.com