Compare Today’s Refinance Rates for Somerville, Indiana 47683
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Somerville, Indiana 47683.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,597 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Somerville and other areas of Gibson 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 Somerville, Indiana 47683
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Interactive Refinance Rate Projections for Somerville, Indiana 47683
Pureloan has developed an interactive chart to monitor the five largest local lenders in Somerville, IN 47683, 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 Somerville, Indiana 47683 from 2024 - 2016
The following historical data provides insights into refinancing trends in Somerville, Indiana and the surrounding Gibson 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 | 71.43% | 60.53% | 52.40% | 49.36% | 62.90% | 50.77% | 55.66% | 50.61% | 53.38% |
avg refi rate | 6.08% | 3.92% | 3.01% | 3.16% | 4.17% | 4.55% | 3.99% | 3.87% | 4.01% |
% 15 year fixed refinance | 28.57% | 26.32% | 28.75% | 32.01% | 26.61% | 36.92% | 29.25% | 31.10% | 32.33% |
avg refi rate | 6.06% | 2.95% | 2.45% | 2.66% | 3.45% | 3.77% | 3.23% | 2.93% | 3.00% |
Avg credit score | 773.86 | 727.75 | 749.93 | 760.57 | 755.06 | 735.62 | 743.81 | 751.91 | 749.12 |
Avg LTV (loan to value) | 43.71% | 64.20% | 67.47% | 69.47% | 71.64% | 72.78% | 69.74% | 70.19% | 73.05% |
Avg DTI (debt to income) | 33.14 | 33.45 | 28.80 | 28.84 | 30.64 | 32.22 | 28.72 | 28.21 | 29.50 |
Avg refinance insurance % | 1.13% | 2.24% | 2.89% | 3.98% | 4.03% | 3.75% | 3.56% | 4.68% |
Best Refinance Brokers around Somerville, Indiana 47683
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Somerville, Indiana 47683, we have compiled a list of top refinance brokers to assist you in the process.
Dirk Danks
VP Retail Lending
18 NW 4th St Ste 100
Evansville, IN 47683
(812) 429-0550 Ext3305
ddanks@unitedfidelity.com
Kristi Krack
Loan Consultant
18 NW 4th St Ste 100
Evansville, IN 47683
(812) 424-0921
kkrack@unitedfidelity.com
Jamie Neel
Loan Consultant
18 NW 4th St Ste 100
Evansville, IN 47683
(812) 424-0921
jneel@unitedfidelity.com
Susan Anslinger
Loan Officer
4441 N 1st Ave
Evansville, IN 47683
(812) 424-4010
sanslinger@unitedfidelity.com
Brad Potts
Mortgage Lenders
7400 Eagle Crest Blvd
Evansville, IN 47683
(812) 465-2316
brad.potts@regions.com
Address
18 NW 4th St Ste 100
Evansville, IN
Contact
(812) 429-0550 Ext3305
Fax (301) 639-0804
ddanks@unitedfidelity.com
Address
18 NW 4th St Ste 100
Evansville, IN
Contact
(812) 424-0921
Fax (301) 639-0804
kkrack@unitedfidelity.com
Address
18 NW 4th St Ste 100
Evansville, IN
Contact
(812) 424-0921
Fax (301) 639-0804
jneel@unitedfidelity.com