Compare Today’s Refinance Rates for Santa Fe, New Mexico 87502
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Santa Fe, New Mexico 87502.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,406 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Santa Fe and other areas of Santa Fe 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 Santa Fe, New Mexico 87502
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Interactive Refinance Rate Projections for Santa Fe, New Mexico 87502
Pureloan has developed an interactive chart to monitor the five largest local lenders in Santa Fe, NM 87502, 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 Santa Fe, New Mexico 87502 from 2024 - 2016
The following historical data provides insights into refinancing trends in Santa Fe, New Mexico and the surrounding Santa Fe 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 | 77.78% | 57.14% | 64.75% | 64.95% | 65.52% | 70.09% | 64.36% | 63.68% | 61.84% |
avg refi rate | 6.61% | 3.57% | 2.96% | 3.24% | 4.11% | 4.50% | 4.00% | 3.88% | 4.14% |
% 15 year fixed refinance | 22.22% | 22.38% | 23.04% | 21.93% | 23.15% | 19.63% | 29.21% | 27.35% | 28.95% |
avg refi rate | 6.06% | 2.69% | 2.46% | 2.87% | 3.57% | 3.85% | 3.38% | 3.22% | 3.37% |
Avg credit score | 728.33 | 796.88 | 764.20 | 769.25 | 759.41 | 741.97 | 761.61 | 757.76 | 758.34 |
Avg LTV (loan to value) | 53.22% | 53.31% | 57.27% | 62.14% | 62.21% | 60.48% | 63.86% | 66.40% | 65.28% |
Avg DTI (debt to income) | 32.00 | 33.36 | 31.79 | 31.43 | 32.72 | 34.43 | 33.22 | 33.74 | 33.03 |
Avg refinance insurance % | 3.33% | 1.24% | 1.04% | 1.56% | 1.74% | 1.55% | 2.11% | 4.19% | 3.48% |
Best Refinance Brokers around Santa Fe, New Mexico 87502
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Santa Fe, New Mexico 87502, we have compiled a list of top refinance brokers to assist you in the process.
Ginger Sullivan
Loan Officer
150 Washington Ave #201
Santa Fe, NM 87502
(505) 819-0086
gsullivan@usa-mortgage.com
Denise Beswick
Loan officer
100 N Guadalupe Suite 203
Santa Fe, NM 87502
(505) 603-1702
denise.beswick@academymortgage.com
Heidi Lange
Loan officer
100 M. Guadalupe Suite 203
Santa Fe, NM 87502
(505) 603-1702
heidi.lange@academymortgage.com
Sallie Kemper
Loan officer
706 A St. Michaels Drive
Santa Fe, NM 87502
(505) 490-4486
skemper@bokf.com
Cindy Levorah
Loan officer
150 Washington Avenue, Suite 201
Santa Fe, NM 87502
(505) 395-4536
clevorah@homeownersfg.com
Address
150 Washington Ave #201
Santa Fe, NM
Contact
(505) 819-0086
Fax (301) 639-0804
gsullivan@usa-mortgage.com
Address
100 N Guadalupe Suite 203
Santa Fe, NM
Contact
(505) 603-1702
Fax (301) 639-0804
denise.beswick@academymortgage.com
Address
100 M. Guadalupe Suite 203
Santa Fe, NM
Contact
(505) 603-1702
Fax (301) 639-0804
heidi.lange@academymortgage.com