Compare Today’s Refinance Rates for Sterling, Illinois 61081
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Sterling, Illinois 61081.
With a 30-year amortization refinance in Sterling and surrounding areas of Whiteside county, our calculations show that you can expect to save up to $3,649 over the lifetime of your mortgage, or a monthly savings of $10. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Sterling, Illinois 61081.
Summary of Average Refinances in Sterling, Illinois 61081
Become a certified mortgage expert on Pureloan.com
in Sterling, Illinois 61081
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Sterling, Illinois 61081
Pureloan has developed an interactive chart to monitor the five largest local lenders in Sterling, IL 61081, 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 Sterling, Illinois 61081 from 2024 - 2016
The following historical data provides insights into refinancing trends in Sterling, Illinois and the surrounding Whiteside 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 Sterling, Illinois 61081
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Sterling, Illinois 61081, we have compiled a list of top refinance brokers to assist you in the process.
Donald Lovett
Mortgage Loan Originator
201 W 3rd St
Sterling, IL 61081
(815) 288-1041
dlovett@saukvalleybank.com
Mike Farrell
Loan Officer
110 E 4th St
Sterling, IL 61081
(815) 622-3371
mfarrell@sterlingfederal.com
Patrick Ogorman
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61081
(815) 332-8860
pato@stillmanbank.com
George Pleshkewych
Loan Officer
6000 E State St
Rockford, IL 61081
(815) 394-4649
George.B.Pleshkewych@chase.com
Ron Lawson
Branch Manager
420 Financial Court Suite 110
Rockford, IL 61081
(815) 312-5820
rlawson@republicmortgage.com
Address
201 W 3rd St
Sterling, IL
Contact
(815) 288-1041
Fax (301) 639-0804
dlovett@saukvalleybank.com
Address
110 E 4th St
Sterling, IL
Contact
(815) 622-3371
Fax (301) 639-0804
mfarrell@sterlingfederal.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8860
Fax (301) 639-0804
pato@stillmanbank.com