Compare Today’s Refinance Rates for Troy, Illinois 62294
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Troy, Illinois 62294.
With a 30-year amortization refinance in Troy and surrounding areas of Madison county, our calculations show that you can expect to save up to $4,341 over the lifetime of your mortgage, or a monthly savings of $12. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Troy, Illinois 62294.
Summary of Average Refinances in Troy, Illinois 62294
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Interactive Refinance Rate Projections for Troy, Illinois 62294
Pureloan has developed an interactive chart to monitor the five largest local lenders in Troy, IL 62294, 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 Troy, Illinois 62294 from 2024 - 2016
The following historical data provides insights into refinancing trends in Troy, Illinois and the surrounding Madison 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 Troy, Illinois 62294
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Troy, Illinois 62294, we have compiled a list of top refinance brokers to assist you in the process.
Lori Oliver
Loan Officer
504 Edwardsville Rd
Troy, IL 62294
(618) 667-9090
loliver@fcbbanks.com
Bill Vogt
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62294
(618) 667-9800
wvogt@fnbstaunton.com
Dione Rabida
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62294
(618) 667-9800
drabida@fnbstaunton.com
Mike Heffren
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62294
(618) 667-9800
mheffren@fnbstaunton.com
Dave Gansner
Mortgage Lender
304 Bargraves Blvd
Troy, IL 62294
(618) 667-9800
dgansner@fnbstaunton.com
Address
504 Edwardsville Rd
Troy, IL
Contact
(618) 667-9090
Fax (301) 639-0804
loliver@fcbbanks.com
Address
304 Bargraves Blvd
Troy, IL
Contact
(618) 667-9800
Fax (301) 639-0804
wvogt@fnbstaunton.com
Address
304 Bargraves Blvd
Troy, IL
Contact
(618) 667-9800
Fax (301) 639-0804
drabida@fnbstaunton.com