Compare Today’s Refinance Rates for Fairfield, Texas 75840
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Fairfield, Texas 75840.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,274 over the lifetime of your mortgage, which translates to a monthly savings of $12 in Fairfield and other areas of Freestone 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.
Summary of Average Refinances in Fairfield, Texas 75840
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Interactive Refinance Rate Projections for Fairfield, Texas 75840
Pureloan has developed an interactive chart to monitor the five largest local lenders in Fairfield, TX 75840, 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 Fairfield, Texas 75840 from 2024 - 2016
The following historical data provides insights into refinancing trends in Fairfield, Texas and the surrounding Freestone 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 | 87.50% | 65.45% | 54.47% | 51.28% | 59.38% | 76.00% | 51.85% | 76.19% | 53.57% |
avg refi rate | 6.23% | 4.18% | 2.99% | 3.43% | 4.49% | 4.65% | 4.31% | 3.97% | 4.12% |
% 15 year fixed refinance | 23.64% | 30.89% | 33.33% | 28.13% | 24.00% | 37.04% | 9.52% | 39.29% | |
avg refi rate | 2.95% | 2.47% | 2.94% | 3.89% | 3.96% | 3.55% | 3.56% | 3.44% | |
Avg credit score | 730.50 | 736.55 | 742.30 | 752.38 | 734.28 | 740.48 | 736.89 | 739.14 | 742.61 |
Avg LTV (loan to value) | 59.25% | 62.49% | 66.42% | 67.97% | 70.63% | 73.60% | 68.93% | 70.52% | 66.29% |
Avg DTI (debt to income) | 34.00 | 34.20 | 32.53 | 33.12 | 31.94 | 36.80 | 35.63 | 34.00 | 31.11 |
Avg refinance insurance % | 1.50% | 1.80% | 3.41% | 2.73% | 4.94% | 8.28% | 5.44% | 5.57% | 1.32% |
Best Refinance Brokers around Fairfield, Texas 75840
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Fairfield, Texas 75840, we have compiled a list of top refinance brokers to assist you in the process.
Danny Wren
Branch Manager
435 W. IH-45
Fairfield, TX 75840
(903) 389-8738
dwren@texasfcs.com
Kenneth Hammonds
Branch Manager
1012 Martin Avenue, Suite A
Mcallen, TX 75840
(956) 358-5088
khammonds@goldfinancial.com
Marc Mitchell
Executive Director
2256 S. Sycamore, Suite 3
Palestine, TX 75840
(903) 723-3164
marc@palestinechamber.org
Stephanie Wright
Member Services Coordinator
2256 S. Sycamore, Suite 3
Palestine, TX 75840
(903) 723-3164
info@palestinechamber.org
Cecilia Webb
Branch Production Manager
114 W. Oak Street
Palestine, TX 75840
(903) 723-9921
cwebb@cenderafunding.com
Address
435 W. IH-45
Fairfield, TX
Contact
(903) 389-8738
Fax (301) 639-0804
dwren@texasfcs.com
Address
1012 Martin Avenue, Suite A
Mcallen, TX
Contact
(956) 358-5088
Fax (301) 639-0804
khammonds@goldfinancial.com
Address
2256 S. Sycamore, Suite 3
Palestine, TX
Contact
(903) 723-3164
Fax (301) 639-0804
marc@palestinechamber.org