Compare Today’s Refinance Rates for Lorain, Ohio 44053
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lorain, Ohio 44053.
With a 30-year amortization refinance in Lorain and surrounding areas of Lorain county, our calculations show that you can expect to save up to $4,838 over the lifetime of your mortgage, or a monthly savings of $13. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Lorain, Ohio 44053.
Summary of Average Refinances in Lorain, Ohio 44053
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Interactive Refinance Rate Projections for Lorain, Ohio 44053
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lorain, OH 44053, 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 Lorain, Ohio 44053 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lorain, 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 Lorain, Ohio 44053
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lorain, Ohio 44053, we have compiled a list of top refinance brokers to assist you in the process.
Corey Heredos
Loan Officer
4700 Oakpoint Road
Lorain, OH 44053
(440) 960-6712
corey_l_heredos@keybank.com
Donald Greenleaf
Mortgage Banker
4100 E Lake Rd
Sheffield Lake, OH 44053
(144) 094-9619
donald.b.greenleaf@chase.com
Howard Lurie
Mortgage Consultant
5455 Detroit Rd Ste B
Sheffield Lake, OH 44053
(440) 302-2685
howard.lurie@pncmortgage.com
Matthew Dunbar
Mortgage Loan Originator
8235 Forsysth Boulevard
Clayton, MO 44053
(636) 352-6435
Matthew.Dunbar@53.com
Clint Beeler
Loan Originator
800 W Saint Clair Ave Fl 3RD
Cleveland, OH 44053
(330) 856-7600
clintbeeler@howardhanna.com
Address
4700 Oakpoint Road
Lorain, OH
Contact
(440) 960-6712
Fax (301) 639-0804
corey_l_heredos@keybank.com
Address
4100 E Lake Rd
Sheffield Lake, OH
Contact
(144) 094-9619
Fax (301) 639-0804
donald.b.greenleaf@chase.com
Address
5455 Detroit Rd Ste B
Sheffield Lake, OH
Contact
(440) 302-2685
Fax (301) 639-0804
howard.lurie@pncmortgage.com