Compare Today’s Refinance Rates for Lake Station, Indiana 46405
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lake Station, Indiana 46405.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,553 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Lake Station and other areas of Lake 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 Lake Station, Indiana 46405
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Interactive Refinance Rate Projections for Lake Station, Indiana 46405
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lake Station, IN 46405, 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 Lake Station, Indiana 46405 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lake Station, Indiana and the surrounding Lake 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 | 50.00% | 70.00% | 61.24% | 54.86% | 54.76% | 28.57% | 50.00% | 31.58% | 27.78% |
avg refi rate | 7.13% | 3.82% | 3.09% | 3.45% | 4.40% | 5.08% | 4.29% | 4.23% | 4.18% |
% 15 year fixed refinance | 18.33% | 24.81% | 27.78% | 30.95% | 57.14% | 40.00% | 60.53% | 63.89% | |
avg refi rate | 3.39% | 2.62% | 2.94% | 4.04% | 4.19% | 3.71% | 3.24% | 3.36% | |
Avg credit score | 721.00 | 720.43 | 744.71 | 750.26 | 737.95 | 727.14 | 743.33 | 734.11 | 752.89 |
Avg LTV (loan to value) | 63.25% | 61.38% | 65.80% | 71.03% | 75.31% | 75.10% | 72.97% | 72.03% | 75.22% |
Avg DTI (debt to income) | 32.50 | 34.65 | 32.24 | 31.32 | 34.90 | 30.90 | 35.60 | 31.21 | 30.92 |
Avg refinance insurance % | 0.62% | 2.38% | 4.09% | 5.52% | 7.00% | 5.77% | 4.29% | 5.86% |
Best Refinance Brokers around Lake Station, Indiana 46405
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lake Station, Indiana 46405, we have compiled a list of top refinance brokers to assist you in the process.
Michael Conley
Loan Officer
4000 W Lincoln Hwy
Merrillville, IN 46405
(219) 769-5941
mconley@lakemortgage.com
Sean Conley
Loan Officer
4000 W Lincoln Hwy
Merrillville, IN 46405
(219) 769-5941
SConley@lakemortgage.com
Terry Conley
Loan Officer
4000 W Lincoln Hwy
Merrillville, IN 46405
(219) 769-5941
TConley@lakemortgage.com
Greg Gordon
Vice President, Business Banking
600 East 84th Avenue, Merrillville, In
Merrillville, IN 46405
(219) 755-6165
ggordon@centier.com
Stephanie Schrage
Assistant Vice President, Business Banking
600 East 84th Avenue, Merrillville, In
Merrillville, IN 46405
(219) 755-6165
sschrage@centier.com
Address
4000 W Lincoln Hwy
Merrillville, IN
Contact
(219) 769-5941
Fax (301) 639-0804
mconley@lakemortgage.com
Address
4000 W Lincoln Hwy
Merrillville, IN
Contact
(219) 769-5941
Fax (301) 639-0804
SConley@lakemortgage.com
Address
4000 W Lincoln Hwy
Merrillville, IN
Contact
(219) 769-5941
Fax (301) 639-0804
TConley@lakemortgage.com