Compare Today’s Refinance Rates for Luverne, North Dakota 58056
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Luverne, North Dakota 58056.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,465 over the lifetime of your mortgage, which translates to a monthly savings of $7 in Luverne and other areas of Steele 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 Luverne, North Dakota 58056
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Interactive Refinance Rate Projections for Luverne, North Dakota 58056
Pureloan has developed an interactive chart to monitor the five largest local lenders in Luverne, ND 58056, 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 Luverne, North Dakota 58056 from 2024 - 2016
The following historical data provides insights into refinancing trends in Luverne, North Dakota and the surrounding Steele 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% | 66.67% | 50.00% | 50.67% | 60.87% | 61.82% | 45.21% | 55.08% | 49.28% |
| avg refi rate | 6.29% | 3.58% | 2.81% | 3.10% | 4.11% | 4.18% | 3.91% | 3.76% | 3.88% |
| % 15 year fixed refinance | 16.16% | 30.00% | 33.33% | 26.09% | 30.91% | 39.73% | 33.90% | 37.68% | |
| avg refi rate | 2.67% | 2.29% | 2.66% | 3.11% | 3.84% | 3.02% | 2.93% | 3.18% | |
| Avg credit score | 747.67 | 850.46 | 762.27 | 765.76 | 758.40 | 753.64 | 753.45 | 749.55 | 754.90 |
| Avg LTV (loan to value) | 79.00% | 70.11% | 69.83% | 72.02% | 69.64% | 70.65% | 68.22% | 70.58% | 73.23% |
| Avg DTI (debt to income) | 30.67 | 34.62 | 31.13 | 31.28 | 32.65 | 33.65 | 31.36 | 31.29 | 31.75 |
| Avg refinance insurance % | 2.00% | 2.93% | 3.64% | 5.11% | 4.10% | 3.40% | 2.37% | 2.14% | 4.07% |
Best Refinance Brokers around Luverne, North Dakota 58056
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Luverne, North Dakota 58056, we have compiled a list of top refinance brokers to assist you in the process.
Jeri McQuade
Mortgage Professional
27 10th St N
Fargo, ND 58056
(701) 356-0438
jeri@parkcompanymortgage.com
Julie Carlson
Mortgage Loan
1444 45th St S
Fargo, ND 58056
(701) 492-2657
jlcarlson@bremer.com
Rene Freeman
Executive Mortgage Officers
1501 32nd Ave S
Fargo, ND 58056
(701) 356-1784
rfreeman@townandcountry.org
Ron Johnson
Mortgage Professional
3301 13th Ave S Ste 101
Fargo, ND 58056
(701) 461-8450
ron.johnson@valleymortgageinc.com
Tom Boyer
Vice President/Mortgage Professional
2280 45th St S Ste A
Fargo, ND 58056
(701) 356-1171
tom.boyer@cornerstonebanks.net
Address
27 10th St N
Fargo, ND
Contact
(701) 356-0438
Fax (301) 639-0804
jeri@parkcompanymortgage.com
Address
1444 45th St S
Fargo, ND
Contact
(701) 492-2657
Fax (301) 639-0804
jlcarlson@bremer.com
Address
1501 32nd Ave S
Fargo, ND
Contact
(701) 356-1784
Fax (301) 639-0804
rfreeman@townandcountry.org