Compare Today’s Refinance Rates for Kokomo, Indiana 46901
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Kokomo, Indiana 46901.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,036 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Kokomo and other areas of Howard 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 Kokomo, Indiana 46901
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Interactive Refinance Rate Projections for Kokomo, Indiana 46901
Pureloan has developed an interactive chart to monitor the five largest local lenders in Kokomo, IN 46901, 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 Kokomo, Indiana 46901 from 2024 - 2016
The following historical data provides insights into refinancing trends in Kokomo, Indiana and the surrounding Howard 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 | 68.42% | 49.77% | 51.09% | 47.23% | 62.38% | 51.03% | 50.87% | 37.44% | 45.83% |
avg refi rate | 6.74% | 3.93% | 3.02% | 3.32% | 4.33% | 4.66% | 4.18% | 3.90% | 4.02% |
% 15 year fixed refinance | 15.79% | 30.88% | 28.99% | 32.94% | 26.24% | 31.72% | 35.84% | 48.46% | 39.06% |
avg refi rate | 6.25% | 2.96% | 2.47% | 2.77% | 3.80% | 3.93% | 3.45% | 3.06% | 3.25% |
Avg credit score | 718.58 | 735.78 | 746.84 | 752.96 | 741.90 | 732.42 | 742.85 | 744.64 | 744.81 |
Avg LTV (loan to value) | 63.79% | 62.71% | 67.98% | 70.77% | 72.37% | 73.28% | 72.25% | 72.51% | 72.64% |
Avg DTI (debt to income) | 31.89 | 32.22 | 29.42 | 29.16 | 31.51 | 33.38 | 30.91 | 28.49 | 28.89 |
Avg refinance insurance % | 1.95% | 2.03% | 2.84% | 3.95% | 6.06% | 6.97% | 4.73% | 4.63% | 5.97% |
Best Refinance Brokers around Kokomo, Indiana 46901
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Kokomo, Indiana 46901, we have compiled a list of top refinance brokers to assist you in the process.
Ryan Minick
Assistant Vice President
202 N. Main Street
Kokomo, IN 46901
(800) 270-3416
ryanminick@leader1.com
Steve Rector
Mortgage Banker
202 N Main St.
Kokomo, IN 46901
(800) 270-3416
steverector@leader1.com
Tracie Bergin
Mortgage Banker
2900 S Washington St
Kokomo, IN 46901
(765) 868-3848
tracie.bergin@starfinancial.com
BRIAN TROYER
Loan Officer
1914 S Dixon Rd
Kokomo, IN 46901
(765) 868-9207
btroyer@e-farmcredit.com
BLAKE STOWERS
Loan Officer
1914 S Dixon Rd
Kokomo, IN 46901
(765) 868-9207
bstower@e-farmcredit.com
Address
202 N. Main Street
Kokomo, IN
Contact
(800) 270-3416
Fax (301) 639-0804
ryanminick@leader1.com
Address
202 N Main St.
Kokomo, IN
Contact
(800) 270-3416
Fax (301) 639-0804
steverector@leader1.com
Address
2900 S Washington St
Kokomo, IN
Contact
(765) 868-3848
Fax (301) 639-0804
tracie.bergin@starfinancial.com