Compare Today’s Refinance Rates for South Salem, Ohio 45681
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in South Salem, Ohio 45681.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,974 over the lifetime of your mortgage, which translates to a monthly savings of $8 in South Salem and other areas of Ross 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.
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Summary of Average Refinances in South Salem, Ohio 45681
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Refinance Rate Projections for South Salem, Ohio 45681
Pureloan has developed an interactive chart to monitor the five largest local lenders in South Salem, OH 45681, 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 South Salem, Ohio 45681 from 2024 - 2016
The following historical data provides insights into refinancing trends in South Salem, Ohio and the surrounding Ross 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 | 65.22% | 53.38% | 47.24% | 40.38% | 53.16% | 51.24% | 47.89% | 37.78% | 44.79% |
| avg refi rate | 6.71% | 3.92% | 2.98% | 3.21% | 4.15% | 4.53% | 3.97% | 3.69% | 3.97% |
| % 15 year fixed refinance | 26.09% | 34.59% | 32.61% | 37.76% | 32.03% | 34.33% | 34.04% | 40.86% | 39.32% |
| avg refi rate | 6.29% | 2.99% | 2.45% | 2.69% | 3.48% | 3.84% | 3.17% | 2.90% | 3.08% |
| Avg credit score | 744.04 | 743.12 | 758.62 | 759.15 | 755.07 | 750.34 | 751.98 | 754.14 | 754.89 |
| Avg LTV (loan to value) | 68.13% | 63.47% | 66.10% | 69.24% | 70.07% | 67.00% | 71.84% | 70.29% | 72.24% |
| Avg DTI (debt to income) | 34.70 | 30.21 | 29.60 | 28.83 | 29.23 | 31.47 | 29.61 | 29.41 | 29.95 |
| Avg refinance insurance % | 6.52% | 1.95% | 2.12% | 3.00% | 4.68% | 3.81% | 4.54% | 3.73% | 3.77% |
Best Refinance Brokers around South Salem, Ohio 45681
If you are considering refinancing your mortgage or obtaining a cash-out refinance in South Salem, Ohio 45681, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Chad Wingett
Loan Officer
523 Richland Ave
Athens, OH 45681
(740) 594-3751
cwingett@concordmortgagegroup.com
Michele Enoch
Home Loan Specialist
Peoples Bank
Belpre, OH 45681
(740) 423-7517
menoch@peoplesbancorp.com
Address
523 Richland Ave
Athens, OH
Contact
(740) 594-3751
Fax (301) 639-0804
cwingett@concordmortgagegroup.com
Address
Peoples Bank
Belpre, OH
Contact
(740) 423-7517
Fax (301) 639-0804
menoch@peoplesbancorp.com