Compare Today’s Refinance Rates for Severn, Maryland 21144
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Severn, Maryland 21144.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,866 over the lifetime of your mortgage, which translates to a monthly savings of $11 in Severn and other areas of Anne Arundel 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 Severn, Maryland 21144
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Interactive Refinance Rate Projections for Severn, Maryland 21144
Pureloan has developed an interactive chart to monitor the five largest local lenders in Severn, MD 21144, 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 Severn, Maryland 21144 from 2024 - 2016
The following historical data provides insights into refinancing trends in Severn, Maryland and the surrounding Anne Arundel 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 | 100.00% | 57.29% | 63.08% | 64.17% | 67.63% | 67.03% | 59.52% | 62.28% | 55.61% |
avg refi rate | 6.23% | 3.50% | 2.96% | 3.24% | 4.15% | 4.58% | 4.05% | 3.87% | 4.04% |
% 15 year fixed refinance | 24.62% | 22.45% | 21.83% | 17.92% | 23.08% | 29.17% | 25.88% | 34.22% | |
avg refi rate | 2.75% | 2.47% | 2.83% | 3.49% | 3.86% | 3.24% | 3.11% | 3.34% | |
Avg credit score | 723.00 | 736.87 | 755.40 | 760.67 | 757.86 | 754.40 | 757.15 | 758.33 | 758.98 |
Avg LTV (loan to value) | 62.17% | 60.25% | 66.82% | 69.99% | 68.71% | 67.65% | 69.18% | 68.07% | 68.44% |
Avg DTI (debt to income) | 36.33 | 33.56 | 32.39 | 32.17 | 33.44 | 33.82 | 33.36 | 33.46 | 33.35 |
Avg refinance insurance % | 0.80% | 2.99% | 4.25% | 4.71% | 3.49% | 3.96% | 4.59% | 3.62% |
Best Refinance Brokers around Severn, Maryland 21144
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Severn, Maryland 21144, we have compiled a list of top refinance brokers to assist you in the process.
Mike Archer
Loan Officer
479 Jumpers Hole Rd Ste 404
Severna Park, MD 21144
(443) 226-2030
marcher@gofirsthome.com
Neil Bourdelaise
Loan Officer
479 Jumpers Hole Rd Ste 404
Severna Park, MD 21144
(410) 336-8432
nbourdelaise@gofirsthome.com
Pete ODonnell
Loan Officer
479 Jumpers Hole Rd Ste 404
Severna Park, MD 21144
(410) 299-2043
podonnell@gofirsthome.com
Troy Swiger
Loan Officer
479 Jumpers Hole Rd Ste 404
Severna Park, MD 21144
(410) 852-0192
tswiger@gofirsthome.com
EARL GEOGHEGAN
Home Loan Officer
572F Ritchie Hwy
Severna Park, MD 21144
(410) 384-2671
earl.e.geoghegan@wellsfargo.com
Address
479 Jumpers Hole Rd Ste 404
Severna Park, MD
Contact
(443) 226-2030
Fax (301) 639-0804
marcher@gofirsthome.com
Address
479 Jumpers Hole Rd Ste 404
Severna Park, MD
Contact
(410) 336-8432
Fax (301) 639-0804
nbourdelaise@gofirsthome.com
Address
479 Jumpers Hole Rd Ste 404
Severna Park, MD
Contact
(410) 299-2043
Fax (301) 639-0804
podonnell@gofirsthome.com