Compare Today’s Refinance Rates for Penfield, Illinois 61862
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Penfield, Illinois 61862.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Penfield, Illinois 61862. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,014 or $11 per month in Penfield and other parts of Champaign county.
40.310137
-87.95702
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Summary of Average Refinances in Penfield, Illinois 61862
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Penfield, Illinois 61862
Pureloan has developed an interactive chart to monitor the five largest local lenders in Penfield, IL 61862, 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 Penfield, Illinois 61862 from 2024 - 2016
The following historical data provides insights into refinancing trends in Penfield, Illinois and the surrounding Champaign 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 Penfield, Illinois 61862
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Penfield, Illinois 61862, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Tonja Arthur
Loan Officer
PO Box 499
Mattoon, IL 61862
(217) 258-0437
TArthur@firstmid.com
Cassandra Fisher
Loan Officer
PO Box 499
Mattoon, IL 61862
(217) 258-0437
CFisher@firstmid.com
Michelle Hoffman
Loan Officer
PO Box 499
Mattoon, IL 61862
(217) 258-0437
MHoffman@firstmid.com
John Johannes
Loan Officer
PO Box 499
Mattoon, IL 61862
(217) 258-0437
JJohannes@firstmid.com
Pamela Koss
Loan Officer
PO Box 499
Mattoon, IL 61862
(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