Compare Today’s Refinance Rates for Kalamazoo, Michigan 49004
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Kalamazoo, Michigan 49004.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $10,581 over the lifetime of your mortgage, which translates to a monthly savings of $29 in Kalamazoo and other areas of Kalamazoo 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 Kalamazoo, Michigan 49004
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Interactive Refinance Rate Projections for Kalamazoo, Michigan 49004
Pureloan has developed an interactive chart to monitor the five largest local lenders in Kalamazoo, MI 49004, 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 Kalamazoo, Michigan 49004 from 2024 - 2016
The following historical data provides insights into refinancing trends in Kalamazoo, Michigan and the surrounding Kalamazoo 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 | 79.17% | 50.17% | 51.23% | 48.15% | 55.35% | 57.58% | 50.63% | 47.31% | 47.17% |
avg refi rate | 6.36% | 3.76% | 3.03% | 3.30% | 4.24% | 4.56% | 4.16% | 3.93% | 4.04% |
% 15 year fixed refinance | 8.33% | 31.14% | 29.67% | 32.75% | 28.46% | 29.60% | 36.22% | 40.65% | 37.48% |
avg refi rate | 6.19% | 2.85% | 2.46% | 2.76% | 3.58% | 3.91% | 3.36% | 3.13% | 3.27% |
Avg credit score | 759.46 | 752.15 | 751.19 | 758.40 | 749.29 | 742.24 | 744.05 | 752.44 | 755.00 |
Avg LTV (loan to value) | 64.54% | 60.40% | 65.25% | 69.16% | 70.63% | 69.18% | 70.75% | 69.76% | 70.89% |
Avg DTI (debt to income) | 34.83 | 31.92 | 30.91 | 30.30 | 31.58 | 32.68 | 31.70 | 31.22 | 30.45 |
Avg refinance insurance % | 4.63% | 1.86% | 2.13% | 3.38% | 4.10% | 3.92% | 3.95% | 3.82% | 4.13% |
Best Refinance Brokers around Kalamazoo, Michigan 49004
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Kalamazoo, Michigan 49004, we have compiled a list of top refinance brokers to assist you in the process.
Mindy Tessmar
Loan Officer
2425 S 11Th St
Kalamazoo, MI 49004
(517) 927-3684
mtessmar@kzoomortgage.com
Brad Wilson
General Manager
2425 S 11Th St
Kalamazoo, MI 49004
(269) 364-6000
bwilson@kzoomortgage.com
Jodi Thompson
Loan Partner
2425 S 11Th St
Kalamazoo, MI 49004
(269) 364-6000
jthompson@kzoomortgage.com
Eric Thompson
Senior Loan Officer/Credit Repair Specialist
2425 S 11Th St
Kalamazoo, MI 49004
(269) 364-6000
eric@kzoomortgage.com
Brea Staley
Loan Partner
2425 S 11Th St
Kalamazoo, MI 49004
(269) 364-6000
bstaley@kzoomortgage.com
Address
2425 S 11Th St
Kalamazoo, MI
Contact
(517) 927-3684
Fax (301) 639-0804
mtessmar@kzoomortgage.com
Address
2425 S 11Th St
Kalamazoo, MI
Contact
(269) 364-6000
Fax (301) 639-0804
bwilson@kzoomortgage.com
Address
2425 S 11Th St
Kalamazoo, MI
Contact
(269) 364-6000
Fax (301) 639-0804
jthompson@kzoomortgage.com