Compare Today’s Refinance Rates for Draper, South Dakota 57531
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Draper, South Dakota 57531.
With a 30-year amortization refinance in Draper and surrounding areas of Stanley county, our calculations show that you can expect to save up to $4,815 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 Draper, South Dakota 57531.
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Summary of Average Refinances in Draper, South Dakota 57531
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Draper, South Dakota 57531
Pureloan has developed an interactive chart to monitor the five largest local lenders in Draper, SD 57531, 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 Draper, South Dakota 57531 from 2024 - 2016
The following historical data provides insights into refinancing trends in Draper, South Dakota and the surrounding Stanley 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% | 61.11% | 52.00% | 46.55% | 63.64% | 77.78% | 62.50% | 65.38% | 50.00% |
| avg refi rate | 6.43% | 3.96% | 2.81% | 3.07% | 4.10% | 4.14% | 3.96% | 3.97% | 4.00% |
| % 15 year fixed refinance | 27.78% | 28.00% | 37.07% | 18.18% | 11.11% | 18.75% | 26.92% | 37.50% | |
| avg refi rate | 2.70% | 2.41% | 2.50% | 3.56% | 3.38% | 3.46% | 3.11% | 3.21% | |
| Avg credit score | 792.00 | 763.50 | 749.36 | 773.59 | 738.00 | 746.89 | 749.88 | 742.85 | 771.56 |
| Avg LTV (loan to value) | 72.00% | 62.72% | 68.90% | 73.01% | 73.91% | 71.22% | 73.94% | 74.15% | 68.19% |
| Avg DTI (debt to income) | 37.00 | 32.31 | 29.88 | 28.26 | 31.36 | 33.78 | 33.63 | 34.23 | 25.25 |
| Avg refinance insurance % | 3.89% | 5.07% | 6.23% | 8.55% | 8.33% | 6.00% | 7.54% | 3.44% |
Best Refinance Brokers around Draper, South Dakota 57531
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Draper, South Dakota 57531, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Denise Foster
Manufactured Housing/ Mortgage Professional
420 S Pierre St
Pierre, SD 57531
(605) 224-7391
denise.foster@bankwest-sd.com
Darla Jones
Mortgage Professional
420 S Pierre St
Pierre, SD 57531
(605) 224-7391
darla.jones@bankwest-sd.com
Dona Mae Johnson
Mortgage Professional
420 S Pierre St
Pierre, SD 57531
(605) 224-7391
donamae.johnson@bankwest-sd.com
Address
420 S Pierre St
Pierre, SD
Contact
(605) 224-7391
Fax (301) 639-0804
denise.foster@bankwest-sd.com
Address
420 S Pierre St
Pierre, SD
Contact
(605) 224-7391
Fax (301) 639-0804
darla.jones@bankwest-sd.com
Address
420 S Pierre St
Pierre, SD
Contact
(605) 224-7391
Fax (301) 639-0804
donamae.johnson@bankwest-sd.com