Compare Today’s Refinance Rates for Salem, Ohio 44460
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Salem, Ohio 44460.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Salem, Ohio 44460. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,339 or $9 per month in Salem and other parts of Columbiana county.
Summary of Average Refinances in Salem, Ohio 44460
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Interactive Refinance Rate Projections for Salem, Ohio 44460
Pureloan has developed an interactive chart to monitor the five largest local lenders in Salem, OH 44460, 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 Salem, Ohio 44460 from 2024 - 2016
The following historical data provides insights into refinancing trends in Salem, Ohio and the surrounding Columbiana 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 Salem, Ohio 44460
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Salem, Ohio 44460, we have compiled a list of top refinance brokers to assist you in the process.
Thomas Pease
Mortgage Banker
123 N Broadway Ave
Salem, OH 44460
(133) 084-3030
thomas.e.pease@chase.com
Kent Mikkola
Branch Manager
10800 Lyndale Ave S Ste 299
Bloomington, MN 44460
kmikkola@goprime.com
Daniel Paltzer
Loan Officer
10800 Lyndale Ave S Ste 299
Bloomington, MN 44460
(651) 273-0037
dpaltzer@goprime.com
Alex Avestruz
Loan Officer
10800 Lyndale Ave S Ste 299
Bloomington, MN 44460
(651) 419-0809
aavestruz@goprime.com
Darlene Peterson
Loan Originator
821 Kentwood Dr Ste C
Youngstown, OH 44460
(330) 758-7541
Darlene121358@yahoo.com
Address
123 N Broadway Ave
Salem, OH
Contact
(133) 084-3030
Fax (301) 639-0804
thomas.e.pease@chase.com
Address
10800 Lyndale Ave S Ste 299
Bloomington, MN
Contact
Fax (301) 639-0804
kmikkola@goprime.com
Address
10800 Lyndale Ave S Ste 299
Bloomington, MN
Contact
(651) 273-0037
Fax (301) 639-0804
dpaltzer@goprime.com