Compare Today’s Refinance Rates for Elyria, Ohio 44035
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Elyria, Ohio 44035.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Elyria, Ohio 44035. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,189 or $12 per month in Elyria and other parts of Lorain county.
Summary of Average Refinances in Elyria, Ohio 44035
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Interactive Refinance Rate Projections for Elyria, Ohio 44035
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elyria, OH 44035, 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 Elyria, Ohio 44035 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elyria, Ohio and the surrounding Lorain 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 | 69.57% | 46.70% | 49.16% | 46.71% | 53.93% | 46.01% | 40.88% | 49.93% | 50.94% |
avg refi rate | 6.55% | 3.58% | 3.01% | 3.29% | 4.18% | 4.58% | 4.16% | 4.00% | 4.16% |
% 15 year fixed refinance | 13.04% | 34.84% | 30.73% | 33.27% | 26.83% | 39.91% | 43.38% | 35.80% | 35.16% |
avg refi rate | 5.54% | 2.71% | 2.48% | 2.80% | 3.65% | 3.91% | 3.33% | 3.16% | 3.34% |
Avg credit score | 746.57 | 738.48 | 751.00 | 756.35 | 746.91 | 737.90 | 747.54 | 752.53 | 755.66 |
Avg LTV (loan to value) | 60.17% | 63.95% | 68.28% | 72.10% | 72.37% | 73.05% | 74.94% | 75.20% | 76.86% |
Avg DTI (debt to income) | 37.43 | 33.27 | 31.70 | 31.64 | 33.96 | 34.55 | 32.58 | 32.92 | 32.37 |
Avg refinance insurance % | 1.61% | 1.44% | 2.53% | 4.15% | 5.48% | 4.38% | 5.34% | 6.05% | 7.26% |
Best Refinance Brokers around Elyria, Ohio 44035
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elyria, Ohio 44035, we have compiled a list of top refinance brokers to assist you in the process.
Georg Adams
Senior Mortgage Consultant
5061 N Abbe Rd Ste 4
Elyria, OH 44035
(440) 328-4193 Ext.
gadams@unionhomemortgage.com
William DiCapua
Loan Officer
5061 North Abbe Road
Village of Sheffield, OH 44035
(440) 328-8433
dicapuagroup@unionhomemortgage.com
Susan DeCrane
Senior Loan Officer
5061 North Abbe Road
Village of Sheffield, OH 44035
(440) 723-5709
sdecrane@unionhomemortgage.com
Corey Heredos
Loan Officer
4700 Oakpoint Road
Lorain, OH 44035
(440) 960-6712
corey_l_heredos@keybank.com
Barbara Zalud
Home Mortgage Consultant
4722 Great Northern Blvd
North Olmsted, OH 44035
(440) 801-3427
aaron.zalud@wellsfargo.com
Address
5061 N Abbe Rd Ste 4
Elyria, OH
Contact
(440) 328-4193 Ext.
Fax (301) 639-0804
gadams@unionhomemortgage.com
Address
5061 North Abbe Road
Village of Sheffield, OH
Contact
(440) 328-8433
Fax (301) 639-0804
dicapuagroup@unionhomemortgage.com
Address
5061 North Abbe Road
Village of Sheffield, OH
Contact
(440) 723-5709
Fax (301) 639-0804
sdecrane@unionhomemortgage.com