Compare Today’s Refinance Rates for Shirland, Illinois 61079
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Shirland, Illinois 61079.
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 Shirland and other areas of Winnebago 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 Shirland, Illinois 61079
Become a certified mortgage expert on Pureloan.com
in Shirland, Illinois 61079
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Shirland, Illinois 61079
Pureloan has developed an interactive chart to monitor the five largest local lenders in Shirland, IL 61079, 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 Shirland, Illinois 61079 from 2024 - 2016
The following historical data provides insights into refinancing trends in Shirland, Illinois and the surrounding Winnebago 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 Shirland, Illinois 61079
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Shirland, Illinois 61079, we have compiled a list of top refinance brokers to assist you in the process.
Mike Farrell
Loan Officer
110 E 4th St
Sterling, IL 61079
(815) 622-3371
mfarrell@sterlingfederal.com
Donald Lovett
Mortgage Loan Originator
201 W 3rd St
Sterling, IL 61079
(815) 288-1041
dlovett@saukvalleybank.com
Patrick Ogorman
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61079
(815) 332-8860
pato@stillmanbank.com
George Pleshkewych
Loan Officer
6000 E State St
Rockford, IL 61079
(815) 394-4649
George.B.Pleshkewych@chase.com
Ron Lawson
Branch Manager
420 Financial Court Suite 110
Rockford, IL 61079
(815) 312-5820
rlawson@republicmortgage.com
Address
110 E 4th St
Sterling, IL
Contact
(815) 622-3371
Fax (301) 639-0804
mfarrell@sterlingfederal.com
Address
201 W 3rd St
Sterling, IL
Contact
(815) 288-1041
Fax (301) 639-0804
dlovett@saukvalleybank.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8860
Fax (301) 639-0804
pato@stillmanbank.com