Compare Today’s Refinance Rates for Lancaster, Minnesota 56735
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lancaster, Minnesota 56735.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,702 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Lancaster and other areas of Kittson 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.
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Summary of Average Refinances in Lancaster, Minnesota 56735
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Lancaster, Minnesota 56735
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lancaster, MN 56735, 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 Lancaster, Minnesota 56735 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lancaster, Minnesota and the surrounding Kittson 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 Lancaster, Minnesota 56735
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lancaster, Minnesota 56735, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Kristy Leas
Loan Officer
201 N Broadway Ste 1
Crookston, MN 56735
(218) 281-0207
klmorrisleas@Bremer.com
Address
201 N Broadway Ste 1
Crookston, MN
Contact
(218) 281-0207
Fax (301) 639-0804
klmorrisleas@Bremer.com