Compare Today’s Refinance Rates for Thomson, Illinois 61285
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Thomson, Illinois 61285.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Thomson, Illinois 61285. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,014 or $11 per month in Thomson and other parts of Carroll county.
Summary of Average Refinances in Thomson, Illinois 61285
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Interactive Refinance Rate Projections for Thomson, Illinois 61285
Pureloan has developed an interactive chart to monitor the five largest local lenders in Thomson, IL 61285, 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 Thomson, Illinois 61285 from 2024 - 2016
The following historical data provides insights into refinancing trends in Thomson, Illinois and the surrounding Carroll 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 Thomson, Illinois 61285
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Thomson, Illinois 61285, we have compiled a list of top refinance brokers to assist you in the process.
KATHERINE ELMENDORF
Mortgage Consultant
1402 Columbus St
Ottawa, IL 61285
(815) 433-3715
katherine.elmendorf@wellsfargo.com
Jacob Chapman
Loans officer
3184 N State Route 23
Ottawa, IL 61285
(815) 433-1780
jchapma@1stfarmcredit.com
Aaron King
Loans officer
2950 N Main Street suite 1
Princeton, IL 61285
(815) 872-0067
aking@1stfarmcredit.com
Laurie Wood
Lending Services Administrator
2950 N Main Street suite 1
Princeton, IL 61285
(815) 872-0067
lwood@1stfarmcredit.com
Teresa Anderson
Loans officers
2950 N Main Street suite 1
Princeton, IL 61285
(815) 872-0067
tanders@1stfarmcredit.com
Address
1402 Columbus St
Ottawa, IL
Contact
(815) 433-3715
Fax (301) 639-0804
katherine.elmendorf@wellsfargo.com
Address
3184 N State Route 23
Ottawa, IL
Contact
(815) 433-1780
Fax (301) 639-0804
jchapma@1stfarmcredit.com
Address
2950 N Main Street suite 1
Princeton, IL
Contact
(815) 872-0067
Fax (301) 639-0804
aking@1stfarmcredit.com