Compare Today’s Refinance Rates for Somerset, Pennsylvania 15510
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Somerset, Pennsylvania 15510.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $9,822 over the lifetime of your mortgage, which translates to a monthly savings of $27 in Somerset and other areas of Somerset 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.
39.937296
-79.186546
5780
Summary of Average Refinances in Somerset, Pennsylvania 15510
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Somerset, Pennsylvania 15510
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Somerset, Pennsylvania 15510
Pureloan has developed an interactive chart to monitor the five largest local lenders in Somerset, PA 15510, 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 Somerset, Pennsylvania 15510 from 2024 - 2016
The following historical data provides insights into refinancing trends in Somerset, Pennsylvania and the surrounding Somerset 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 | 100.00% | 31.82% | 22.73% | 50.00% | 43.75% | 75.00% | 41.18% | 50.00% | 33.33% |
| avg refi rate | 4.88% | 3.77% | 3.02% | 3.44% | 4.48% | 4.39% | 4.13% | 3.83% | 4.00% |
| % 15 year fixed refinance | 40.91% | 43.64% | 33.82% | 37.50% | 16.67% | 47.06% | 37.50% | 41.67% | |
| avg refi rate | 2.85% | 2.45% | 2.92% | 3.52% | 3.81% | 3.45% | 3.36% | 3.50% | |
| Avg credit score | 642.00 | 741.50 | 762.11 | 752.34 | 756.94 | 756.33 | 744.06 | 752.21 | 753.58 |
| Avg LTV (loan to value) | 95.00% | 63.23% | 69.10% | 74.19% | 70.63% | 66.17% | 71.71% | 75.33% | 73.33% |
| Avg DTI (debt to income) | 28.00 | 32.18 | 30.24 | 32.24 | 30.63 | 35.00 | 34.29 | 34.92 | 28.08 |
| Avg refinance insurance % | 30.00% | 1.95% | 3.46% | 5.19% | 3.06% | 5.17% | 1.82% | 5.29% | 2.00% |
Best Refinance Brokers around Somerset, Pennsylvania 15510
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Somerset, Pennsylvania 15510, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Melissa Leydig
Hyndman Office
3945 Center St
Hyndman, PA 15510
(814) 842-3294
mleydig@standardbankpa.com
Jon Wine
Mortgage Loan Officer
16296 Lincoln Hwy
Breezewood, PA 15510
(717) 749-6687
jwine@bbandt.com
Address
3945 Center St
Hyndman, PA
Contact
(814) 842-3294
Fax (301) 639-0804
mleydig@standardbankpa.com
Address
16296 Lincoln Hwy
Breezewood, PA
Contact
(717) 749-6687
Fax (301) 639-0804
jwine@bbandt.com