Compare Today’s Refinance Rates for Richmond, Illinois 60071
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Richmond, Illinois 60071.
With a 30-year amortization refinance in Richmond and surrounding areas of Mchenry county, our calculations show that you can expect to save up to $6,169 over the lifetime of your mortgage, or a monthly savings of $17. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Richmond, Illinois 60071.
Summary of Average Refinances in Richmond, Illinois 60071
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Interactive Refinance Rate Projections for Richmond, Illinois 60071
Pureloan has developed an interactive chart to monitor the five largest local lenders in Richmond, IL 60071, 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 Richmond, Illinois 60071 from 2024 - 2016
The following historical data provides insights into refinancing trends in Richmond, Illinois and the surrounding Mchenry 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 | 67.80% | 47.57% | 52.85% | 53.92% | 60.81% | 57.32% | 51.67% | 56.95% | 55.38% |
avg refi rate | 6.39% | 3.50% | 2.96% | 3.26% | 4.11% | 4.50% | 4.06% | 3.84% | 4.04% |
% 15 year fixed refinance | 20.34% | 36.49% | 30.40% | 29.04% | 24.87% | 31.45% | 36.24% | 30.21% | 31.03% |
avg refi rate | 5.62% | 2.67% | 2.42% | 2.77% | 3.56% | 3.83% | 3.25% | 3.09% | 3.25% |
Avg credit score | 749.39 | 756.47 | 766.07 | 769.86 | 760.35 | 753.65 | 757.72 | 762.30 | 761.35 |
Avg LTV (loan to value) | 60.42% | 63.24% | 66.82% | 68.79% | 71.17% | 68.06% | 69.36% | 69.49% | 69.88% |
Avg DTI (debt to income) | 36.63 | 34.29 | 32.36 | 31.70 | 34.13 | 35.05 | 34.12 | 32.90 | 33.11 |
Avg refinance insurance % | 1.73% | 1.20% | 2.31% | 3.01% | 4.54% | 3.01% | 3.51% | 3.24% | 3.85% |
Best Refinance Brokers around Richmond, Illinois 60071
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Richmond, Illinois 60071, we have compiled a list of top refinance brokers to assist you in the process.
Don Prell
President
201 E Dundee Rd Ste 1
Palatine, IL 60071
(888) 234-2440 Ext221
dprell@sterlinghomemortgage.com
Matthew Walther
Loan Officer
800 E Northwest Hwyste 100
Palatine, IL 60071
(847) 776-7080
mattwalther@guaranteedrate.com
MICHAEL DUGGAN
Mortgage Consultant
4709 Golf Rd Ste 1100
Skokie, IL 60071
(847) 853-6655
michael.duggan@wellsfargo.com
JAMES ANDERSON
Mortgage Consultant
4709 Golf Rd Ste 1100
Skokie, IL 60071
(847) 853-6655
james.anderson@wellsfargo.com
Nelson Esparza
Mortgage Banker
5200 Dempster St
Skokie, IL 60071
(184) 747-0079
Nelson.Esparza@chase.com
Address
201 E Dundee Rd Ste 1
Palatine, IL
Contact
(888) 234-2440 Ext221
Fax (301) 639-0804
dprell@sterlinghomemortgage.com
Address
800 E Northwest Hwyste 100
Palatine, IL
Contact
(847) 776-7080
Fax (301) 639-0804
mattwalther@guaranteedrate.com
Address
4709 Golf Rd Ste 1100
Skokie, IL
Contact
(847) 853-6655
Fax (301) 639-0804
michael.duggan@wellsfargo.com