Compare Today’s Refinance Rates for Richmond, Minnesota 56368
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Richmond, Minnesota 56368.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,243 over the lifetime of your mortgage, which translates to a monthly savings of $15 in Richmond and other areas of Stearns 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 Richmond, Minnesota 56368
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Interactive Refinance Rate Projections for Richmond, Minnesota 56368
Pureloan has developed an interactive chart to monitor the five largest local lenders in Richmond, MN 56368, 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 Richmond, Minnesota 56368 from 2024 - 2016
The following historical data provides insights into refinancing trends in Richmond, Minnesota and the surrounding Stearns 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 Richmond, Minnesota 56368
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Richmond, Minnesota 56368, we have compiled a list of top refinance brokers to assist you in the process.
Michael Phillips
Loan Officer
125 Twin Rivers Ct
Sartell, MN 56368
(320) 257-1986
mphillips@bankvista.com
LouAnn Peterson
Loan Officer
125 Twin Rivers Ct
Sartell, MN 56368
(320) 257-1600
lpeterson@bankvista.com
Tom Templin
Loan Officer
125 Twin Rivers Ct
Sartell, MN 56368
(320) 257-1600
ttemplin@bankvista.com
Matt Arduser
Mortgage Loan Originators
1712 Pine Cone Rd S
Sartell, MN 56368
(320) 259-7571
Matt.Arduser@usbank.com
Lee Hohenstein
Loan Officer
321 S 7th St
Brainerd, MN 56368
(218) 828-5143
lahohenstein@Bremer.com
Address
125 Twin Rivers Ct
Sartell, MN
Contact
(320) 257-1986
Fax (301) 639-0804
mphillips@bankvista.com
Address
125 Twin Rivers Ct
Sartell, MN
Contact
(320) 257-1600
Fax (301) 639-0804
lpeterson@bankvista.com
Address
125 Twin Rivers Ct
Sartell, MN
Contact
(320) 257-1600
Fax (301) 639-0804
ttemplin@bankvista.com