Compare Today’s Refinance Rates for Peoria, Illinois 61650
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Peoria, Illinois 61650.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,175 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Peoria and other areas of Peoria 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 Peoria, Illinois 61650
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Interactive Refinance Rate Projections for Peoria, Illinois 61650
Pureloan has developed an interactive chart to monitor the five largest local lenders in Peoria, IL 61650, 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 Peoria, Illinois 61650 from 2024 - 2016
The following historical data provides insights into refinancing trends in Peoria, Illinois and the surrounding Peoria 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 Peoria, Illinois 61650
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Peoria, Illinois 61650, we have compiled a list of top refinance brokers to assist you in the process.
William Shipley
Mortgage Loan Officer
6808 N Knoxville Ave
Peoria, IL 61650
(309) 222-8286
bill.shipley@cibbank.com
Richard Obert
Mortgage Loan Officer
6808 N Knoxville Ave
Peoria, IL 61650
(309) 222-8286
richard.obert@cibbank.com
Janeira Leathers
Mortgage Loan Processor
6808 N Knoxville Ave
Peoria, IL 61650
(309) 222-8286
janeira.leathers@cibbank.com
John Osorio
Mortgage Sales Manager
6808 N Knoxville Ave
Peoria, IL 61650
(309) 222-8286
rhonda.kearbey@cibbank.com
John Abraham
Loan Officer
2886 W Willow Knolls Dr,
Peoria, IL 61650
(855) 202-1124
john.abraham@caliberhomeloans.com
Address
6808 N Knoxville Ave
Peoria, IL
Contact
(309) 222-8286
Fax (301) 639-0804
bill.shipley@cibbank.com
Address
6808 N Knoxville Ave
Peoria, IL
Contact
(309) 222-8286
Fax (301) 639-0804
richard.obert@cibbank.com
Address
6808 N Knoxville Ave
Peoria, IL
Contact
(309) 222-8286
Fax (301) 639-0804
janeira.leathers@cibbank.com