Compare Today’s Refinance Rates for Burtonsville, Maryland 20866
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Burtonsville, Maryland 20866.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Burtonsville, Maryland 20866. For 30-year amortization refinancing, you can expect lifetime cash savings of $20,494 or $57 per month in Burtonsville and other parts of Montgomery county.
Summary of Average Refinances in Burtonsville, Maryland 20866
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Interactive Refinance Rate Projections for Burtonsville, Maryland 20866
Pureloan has developed an interactive chart to monitor the five largest local lenders in Burtonsville, MD 20866, 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 Burtonsville, Maryland 20866 from 2024 - 2016
The following historical data provides insights into refinancing trends in Burtonsville, Maryland and the surrounding Montgomery 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 | 60.21% | 71.19% | 72.61% | 72.05% | 69.82% | 62.80% | 59.87% | 65.54% | |
| avg refi rate | 3.93% | 3.84% | 4.04% | 4.47% | 3.70% | 3.89% | 4.44% | 4.78% | |
| % 15 year fixed refinance | 31.56% | 20.49% | 19.64% | 20.29% | 23.70% | 26.67% | 29.18% | 25.80% | |
| avg refi rate | 3.09% | 3.00% | 3.18% | 3.48% | 2.94% | 3.22% | 3.70% | 4.22% | |
| Avg credit score | 758.23 | 762.35 | 760.55 | 753.93 | 766.77 | 773.57 | 773.03 | 774.46 | |
| Avg LTV (loan to value) | 69.84% | 71.95% | 71.97% | 71.35% | 67.28% | 65.23% | 64.31% | 62.38% | |
| Avg DTI (debt to income) | 33.34 | 32.84 | 33.00 | 33.50 | 30.55 | 30.16 | 30.57 | 29.82 | |
| Avg refinance insurance % | 5.07% | 5.09% | 4.52% | 3.75% | 2.94% | 1.67% | 1.18% | 0.67% |
Best Refinance Brokers around Burtonsville, Maryland 20866
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Burtonsville, Maryland 20866, we have compiled a list of top refinance brokers to assist you in the process.
Griffith Ellis
Mortgage Consultant
3901 National Drive, Suite 170, Building 1
Burtonsville, MD 20866
(240) 388-7091
griffith.ellis@phmloans.com
Bina Nanan
Loan Officer
3905 National Dr Ste 320
Burtonsville, MD 20866
(301) 384-1200
b.raghunath@namcmortgage.com
Raj Nanan
Mortgage Consultant/President
3905 National Dr Ste 320
Burtonsville, MD 20866
(301) 384-1200
rajnanan@namcmortgage.com
Jennifer Nguyen
Mortgage Banker
19801 Century Blvd
Germantown, MD 20866
(141) 088-4320
jennifer.t.nguyen@chase.com
Louis Patierno
Loan Officer
800 17th Street, NW
Gaithersburg, MD 20866
(202) 835-5567
Louis.Patierno@pnc.com
Address
3901 National Drive, Suite 170, Building 1
Burtonsville, MD
Contact
(240) 388-7091
Fax (301) 639-0804
griffith.ellis@phmloans.com
Address
3905 National Dr Ste 320
Burtonsville, MD
Contact
(301) 384-1200
Fax (301) 639-0804
b.raghunath@namcmortgage.com
Address
3905 National Dr Ste 320
Burtonsville, MD
Contact
(301) 384-1200
Fax (301) 639-0804
rajnanan@namcmortgage.com