Compare Today’s Refinance Rates for Springfield, Illinois

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Springfield, Illinois 62704. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Springfield and surrounding areas of Sangamon county, your expected lifetime cash savings are $4,047 or $11 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Springfield, Illinois 62704.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Springfield, Illinois 62704

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Springfield, IL

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Springfield, IL 62704, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Springfield, IL

Refinance Rates for Springfield, Illinois 62704 from 2013 - 2020

Below are historical data on refinancing in Springfield, Illinois and around Sangamon county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 54.27% 38.55% 40.34% 40.10% 49.84% 37.93% 43.72% 42.21%
avg refi rate 4.83% 4.53% 3.96% 3.74% 4.51% 4.11% 3.92% 3.95%
% 15 year fixed refinance 33.94% 40.15% 34.69% 35.17% 30.10% 33.70% 30.42% 37.19%
avg refi rate 4.21% 3.78% 3.24% 2.98% 3.54% 3.21% 3.12% 3.20%
Avg credit score 768.91 766.48 769.75 766.58 754.77 758.70 761.43 759.66
Avg LTV (loan to value) 68.97% 67.56% 69.70% 70.82% 75.36% 74.45% 74.63% 74.79%
Avg DTI (debt to income) 29.93 30.58 29.70 30.35 31.75 31.34 31.20 31.52
Avg refinance insurance % 2.04% 2.12% 2.79% 3.79% 5.41% 5.34% 5.82% 5.49%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Springfield, Illinois 62704

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Springfield, Illinois 62704, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Joy Gilliland

Mortgage Lender

111 South Durkin

Springfield, IL 62704

(216) 718-6553

joy.gilliland@regions.com

Andrew Tepavchevich

Mortgage Loan Originator

2040 W Iles Ave

Springfield, IL 62704

(217) 726-6864

andrew.tepavchevich@thedrmc.com

Brenda Poston

Loan Officer

2600 Adlai Stevenson Dr

Springfield, IL 62704

(217) 529-5555

BPoston@bankofspringfield.com

Michael Mathiot

Loan Officer

2600 Adlai Stevenson Dr

Springfield, IL 62704

(217) 529-5555

MMathiot@bankofspringfield.com

Address

111 South Durkin

Springfield, IL

Contact

(216) 718-6553

Fax (301) 639-0804

joy.gilliland@regions.com

Address

2040 W Iles Ave

Springfield, IL

Contact

(217) 726-6864

Fax (301) 639-0804

andrew.tepavchevich@thedrmc.com

Address

2600 Adlai Stevenson Dr

Springfield, IL

Contact

(217) 529-5555

Fax (301) 639-0804

BPoston@bankofspringfield.com

Refinancing News for Springfield, Illinois 62704