Compare Today’s Refinance Rates for Callaway, Minnesota 56521
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Callaway, Minnesota 56521.
With a 30-year amortization refinance in Callaway and surrounding areas of Becker county, our calculations show that you can expect to save up to $5,034 over the lifetime of your mortgage, or a monthly savings of $14. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Callaway, Minnesota 56521.
Summary of Average Refinances in Callaway, Minnesota 56521
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Interactive Refinance Rate Projections for Callaway, Minnesota 56521
Pureloan has developed an interactive chart to monitor the five largest local lenders in Callaway, MN 56521, 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 Callaway, Minnesota 56521 from 2024 - 2016
The following historical data provides insights into refinancing trends in Callaway, Minnesota and the surrounding Becker 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 | 64.29% | 56.17% | 48.70% | 48.31% | 62.87% | 63.89% | 46.74% | 49.03% | 50.00% |
| avg refi rate | 6.17% | 3.67% | 2.95% | 3.27% | 4.14% | 4.48% | 4.10% | 3.86% | 4.01% |
| % 15 year fixed refinance | 28.57% | 27.66% | 31.57% | 32.07% | 22.36% | 25.93% | 39.67% | 34.74% | 33.98% |
| avg refi rate | 5.72% | 2.83% | 2.40% | 2.75% | 3.62% | 3.88% | 3.28% | 3.06% | 3.28% |
| Avg credit score | 742.64 | 735.36 | 757.23 | 761.30 | 751.57 | 746.20 | 752.53 | 757.89 | 766.13 |
| Avg LTV (loan to value) | 59.57% | 65.60% | 68.08% | 71.32% | 72.98% | 69.31% | 72.86% | 72.22% | 74.48% |
| Avg DTI (debt to income) | 35.36 | 34.01 | 31.79 | 31.34 | 33.35 | 32.86 | 31.60 | 30.87 | 30.62 |
| Avg refinance insurance % | 3.07% | 2.72% | 3.08% | 4.65% | 5.94% | 3.98% | 5.23% | 4.75% | 5.26% |
Best Refinance Brokers around Callaway, Minnesota 56521
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Callaway, Minnesota 56521, we have compiled a list of top refinance brokers to assist you in the process.
Lorie Erickson
Loan Officer
3131 S Frontage Rd
Moorhead, MN 56521
(218) 299-7605
lderickson@bremer.com
Amanda
Mortgage Lender
PO Box 249 301 W Main Street
Perham, MN 56521
(218) 346-9794
Amanda@ucbankmn.com
Ashley
Branch Manager // Loan Officer
PO Box 249 301 W Main Street
Frazee, MN 56521
(218) 346-9725
Ashley@ucbankmn.com
Bob
Vice-President
PO Box 249 301 W Main Street
Perham, MN 56521
(218) 346-5700
Bob@ucbankmn.com
Cedric
Commercial/Ag Lending Officer
PO Box 249 301 W Main Street
Perham, MN 56521
(218) 346-9755
Cedric@ucbankmn.com
Address
3131 S Frontage Rd
Moorhead, MN
Contact
(218) 299-7605
Fax (301) 639-0804
lderickson@bremer.com
Address
PO Box 249 301 W Main Street
Perham, MN
Contact
(218) 346-9794
Fax (301) 639-0804
Amanda@ucbankmn.com
Address
PO Box 249 301 W Main Street
Frazee, MN
Contact
(218) 346-9725
Fax (301) 639-0804
Ashley@ucbankmn.com