Compare Today’s Refinance Rates for Ravenna, Kentucky 40472
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ravenna, Kentucky 40472.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,942 over the lifetime of your mortgage, which translates to a monthly savings of $17 in Ravenna and other areas of Estill 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 Ravenna, Kentucky 40472
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Interactive Refinance Rate Projections for Ravenna, Kentucky 40472
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ravenna, KY 40472, 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 Ravenna, Kentucky 40472 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ravenna, Kentucky and the surrounding Estill 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 | 76.92% | 61.54% | 55.81% | 52.28% | 61.15% | 57.55% | 61.07% | 46.24% | 54.94% |
avg refi rate | 6.52% | 3.89% | 2.99% | 3.25% | 4.38% | 4.64% | 4.13% | 3.87% | 4.02% |
% 15 year fixed refinance | 23.08% | 21.98% | 26.35% | 30.29% | 19.11% | 28.30% | 28.86% | 41.04% | 33.33% |
avg refi rate | 5.33% | 2.89% | 2.44% | 2.73% | 3.71% | 3.84% | 3.27% | 3.03% | 3.24% |
Avg credit score | 745.46 | 738.38 | 752.63 | 761.16 | 751.61 | 738.42 | 744.82 | 756.14 | 756.02 |
Avg LTV (loan to value) | 49.23% | 62.20% | 66.96% | 68.18% | 71.25% | 68.12% | 69.79% | 68.35% | 71.07% |
Avg DTI (debt to income) | 36.23 | 30.23 | 30.13 | 29.09 | 31.10 | 32.85 | 30.98 | 30.09 | 31.25 |
Avg refinance insurance % | 1.97% | 2.14% | 2.74% | 4.21% | 2.15% | 3.54% | 3.25% | 4.35% |
Best Refinance Brokers around Ravenna, Kentucky 40472
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ravenna, Kentucky 40472, we have compiled a list of top refinance brokers to assist you in the process.
James Alexander
Mortgage Banker
100 Keystone Dr Ste C
Richmond, KY 40472
(859) 626-4400
jalexander@smcapproved.com
Susan Hatfield
Mortgage Banker
100 Keystone Dr Ste C
Richmond, KY 40472
(859) 626-4400
shatfield@smcapproved.com
Donna Haney
Mortgage Specialist
2008 Merchant Dr
Richmond, KY 40472
(859) 625-6502
dhaney@centralbank.com
Mike Stone
Mortgage Specialist
2140 Lantern Ridge Dr
Richmond, KY 40472
(859) 626-3342
mistone@forchtbank.com
Christie Brown
Loan Officer
2425 Regency Rd
Lexington, KY 40472
(859) 277-1135
christie.brown@kmcoloans.com
Address
100 Keystone Dr Ste C
Richmond, KY
Contact
(859) 626-4400
Fax (301) 639-0804
jalexander@smcapproved.com
Address
100 Keystone Dr Ste C
Richmond, KY
Contact
(859) 626-4400
Fax (301) 639-0804
shatfield@smcapproved.com
Address
2008 Merchant Dr
Richmond, KY
Contact
(859) 625-6502
Fax (301) 639-0804
dhaney@centralbank.com