Compare Today’s Refinance Rates for Virginia, Illinois 62691
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Virginia, Illinois 62691.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,175 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Virginia and other areas of Cass 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 Virginia, Illinois 62691
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Interactive Refinance Rate Projections for Virginia, Illinois 62691
Pureloan has developed an interactive chart to monitor the five largest local lenders in Virginia, IL 62691, 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 Virginia, Illinois 62691 from 2024 - 2016
The following historical data provides insights into refinancing trends in Virginia, Illinois and the surrounding Cass 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 Virginia, Illinois 62691
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Virginia, Illinois 62691, we have compiled a list of top refinance brokers to assist you in the process.
Michael Mathiot
Loan Officer
2600 Adlai Stevenson Dr
Springfield, IL 62691
(217) 529-5555
MMathiot@bankofspringfield.com
Brenda Poston
Loan Officer
2600 Adlai Stevenson Dr
Springfield, IL 62691
(217) 529-5555
BPoston@bankofspringfield.com
Andrew Tepavchevich
Mortgage Loan Originator
2040 W Iles Ave
Springfield, IL 62691
(217) 726-6864
andrew.tepavchevich@thedrmc.com
Joy Gilliland
Mortgage Lender
111 South Durkin
Springfield, IL 62691
(216) 718-6553
joy.gilliland@regions.com
Address
2600 Adlai Stevenson Dr
Springfield, IL
Contact
(217) 529-5555
Fax (301) 639-0804
MMathiot@bankofspringfield.com
Address
2600 Adlai Stevenson Dr
Springfield, IL
Contact
(217) 529-5555
Fax (301) 639-0804
BPoston@bankofspringfield.com
Address
2040 W Iles Ave
Springfield, IL
Contact
(217) 726-6864
Fax (301) 639-0804
andrew.tepavchevich@thedrmc.com