Compare Today’s Refinance Rates for Sparta, Illinois 62286
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Sparta, Illinois 62286.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,065 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Sparta and other areas of Randolph 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 Sparta, Illinois 62286
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Interactive Refinance Rate Projections for Sparta, Illinois 62286
Pureloan has developed an interactive chart to monitor the five largest local lenders in Sparta, IL 62286, 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 Sparta, Illinois 62286 from 2024 - 2016
The following historical data provides insights into refinancing trends in Sparta, Illinois and the surrounding Randolph 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 | 42.21% | 43.72% | 37.93% | 49.84% | 40.10% | 40.34% | 38.55% | 54.27% | |
avg refi rate | 3.95% | 3.92% | 4.11% | 4.51% | 3.74% | 3.96% | 4.53% | 4.83% | |
% 15 year fixed refinance | 37.19% | 30.42% | 33.70% | 30.10% | 35.17% | 34.69% | 40.15% | 33.94% | |
avg refi rate | 3.20% | 3.12% | 3.21% | 3.54% | 2.98% | 3.24% | 3.78% | 4.21% | |
Avg credit score | 759.66 | 761.43 | 758.70 | 754.77 | 766.58 | 769.75 | 766.48 | 768.91 | |
Avg LTV (loan to value) | 74.79% | 74.63% | 74.45% | 75.36% | 70.82% | 69.70% | 67.56% | 68.97% | |
Avg DTI (debt to income) | 31.52 | 31.20 | 31.34 | 31.75 | 30.35 | 29.70 | 30.58 | 29.93 | |
Avg refinance insurance % | 5.49% | 5.82% | 5.34% | 5.41% | 3.79% | 2.79% | 2.12% | 2.04% |
Best Refinance Brokers around Sparta, Illinois 62286
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Sparta, Illinois 62286, we have compiled a list of top refinance brokers to assist you in the process.
Dave Gansner
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62286
(618) 667-9800
dgansner@fnbstaunton.com
Mike Heffren
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62286
(618) 667-9800
mheffren@fnbstaunton.com
Dione Rabida
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62286
(618) 667-9800
drabida@fnbstaunton.com
Bill Vogt
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62286
(618) 667-9800
wvogt@fnbstaunton.com
Lori Oliver
Loan Officer
504 Edwardsville Rd
Troy, IL 62286
(618) 667-9090
loliver@fcbbanks.com
Address
304 Bargraves Blvd
Troy, IL
Contact
(618) 667-9800
Fax (301) 639-0804
dgansner@fnbstaunton.com
Address
304 Bargraves Blvd
Troy, IL
Contact
(618) 667-9800
Fax (301) 639-0804
mheffren@fnbstaunton.com
Address
304 Bargraves Blvd
Troy, IL
Contact
(618) 667-9800
Fax (301) 639-0804
drabida@fnbstaunton.com