Compare Today’s Refinance Rates for Farmington, Kentucky 42040
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Farmington, Kentucky 42040.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Farmington, Kentucky 42040. For 30-year amortization refinancing, you can expect lifetime cash savings of $7,818 or $22 per month in Farmington and other parts of Graves county.
Summary of Average Refinances in Farmington, Kentucky 42040
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Interactive Refinance Rate Projections for Farmington, Kentucky 42040
Pureloan has developed an interactive chart to monitor the five largest local lenders in Farmington, KY 42040, 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 Farmington, Kentucky 42040 from 2024 - 2016
The following historical data provides insights into refinancing trends in Farmington, Kentucky and the surrounding Graves 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 | 61.90% | 56.49% | 45.34% | 41.98% | 59.62% | 70.13% | 62.50% | 57.89% | 56.28% |
| avg refi rate | 6.15% | 4.03% | 3.02% | 3.21% | 4.33% | 4.57% | 4.10% | 3.92% | 3.99% |
| % 15 year fixed refinance | 28.57% | 27.27% | 34.43% | 34.38% | 22.07% | 20.13% | 25.57% | 28.42% | 25.14% |
| avg refi rate | 5.54% | 3.03% | 2.52% | 2.70% | 3.83% | 4.08% | 3.40% | 3.12% | 3.33% |
| Avg credit score | 743.95 | 744.42 | 753.91 | 757.15 | 755.04 | 748.14 | 746.23 | 756.21 | 754.19 |
| Avg LTV (loan to value) | 61.29% | 64.60% | 67.64% | 70.15% | 70.38% | 71.03% | 72.19% | 71.43% | 70.27% |
| Avg DTI (debt to income) | 32.10 | 30.69 | 30.19 | 29.29 | 30.85 | 31.69 | 31.09 | 30.75 | 30.72 |
| Avg refinance insurance % | 1.19% | 1.95% | 3.19% | 3.76% | 4.41% | 4.58% | 4.30% | 3.84% | 3.30% |
Best Refinance Brokers around Farmington, Kentucky 42040
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Farmington, Kentucky 42040, we have compiled a list of top refinance brokers to assist you in the process.
Bruce Akin
Consumer Lender
1861 J H. O'bryan Avenue
Grand Rivers, KY 42040
(270) 362-9363
bruce.akin@firstkentucky.com
Jimmy Ivey
Consumer Lender
1861 J H. O'bryan Avenue
Grand Rivers, KY 42040
(270) 252-2265
jimmy.ivey@firstkentucky.com
Russell Stewart
Consumer Lender
400 US Highway 51 N
Bardwell, KY 42040
(270) 628-5463
russell.stewart@firstkentucky.com
Corie Young
Consumer Lender
223 S 6th St
Mayfield, KY 42040
(270) 251-4920
corie.young@firstkentucky.com
Phillip Lanmon
Consumer Lender
223 S 6th St
Mayfield, KY 42040
(270) 247-1403
phillip.lanmon@firstkentucky.com
Address
1861 J H. O'bryan Avenue
Grand Rivers, KY
Contact
(270) 362-9363
Fax (301) 639-0804
bruce.akin@firstkentucky.com
Address
1861 J H. O'bryan Avenue
Grand Rivers, KY
Contact
(270) 252-2265
Fax (301) 639-0804
jimmy.ivey@firstkentucky.com
Address
400 US Highway 51 N
Bardwell, KY
Contact
(270) 628-5463
Fax (301) 639-0804
russell.stewart@firstkentucky.com