Compare Today’s Refinance Rates for Mcallen, Texas

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Mcallen, Texas 78501. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Mcallen and surrounding areas of Hidalgo county, your expected lifetime cash savings are $3,500 or $10 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Mcallen, Texas 78501.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Mcallen, Texas 78501

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Mcallen, TX

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Mcallen, TX 78501, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Mcallen, TX

Refinance Rates for Mcallen, Texas 78501 from 2013 - 2020

Below are historical data on refinancing in Mcallen, Texas and around Hidalgo county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 49.16% 42.53% 42.61% 44.84% 48.26% 50.25% 51.46% 48.84%
avg refi rate 4.90% 4.55% 3.91% 3.76% 4.50% 4.13% 3.90% 3.98%
% 15 year fixed refinance 36.45% 36.80% 40.10% 41.89% 41.29% 34.61% 33.76% 39.24%
avg refi rate 4.28% 3.82% 3.28% 3.02% 3.60% 3.35% 3.11% 3.22%
Avg credit score 761.38 764.18 765.89 760.79 744.76 749.16 750.89 747.97
Avg LTV (loan to value) 60.88% 62.88% 65.74% 66.02% 71.13% 70.97% 70.92% 69.57%
Avg DTI (debt to income) 32.68 32.05 31.54 31.77 34.01 34.21 34.12 35.22
Avg refinance insurance % 0.59% 1.29% 1.81% 2.25% 4.79% 4.13% 3.93% 3.74%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Mcallen, Texas 78501

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Mcallen, Texas 78501, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Kenneth Hammonds

Branch Manager

1012 Martin Avenue, Suite A

Mcallen, TX 78501

(956) 358-5088

khammonds@goldfinancial.com

Frank Giuoco

Mortgage Lender

1801 S. 2nd St.,

Mcallen, TX 78501

(956) 664-8400

Fgiuoco@Inbweb.Com

Maribel Carranco

Mortgage Lender

1801 S. 2nd St.,

Mcallen, TX 78501

(956) 664-8957

Mcarranco@Inbweb.Com

Laura Garza

Loan Officer

5412 N 10th St

Mcallen, TX 78501

(956) 687-6688

lgarza@castlecooke.com

Pina Oliva

Branch Manager

Branch Manager

McAllen, TX 78501

(800) 270-3416

pinaoliva@leader1.com

Address

1012 Martin Avenue, Suite A

Mcallen, TX

Contact

(956) 358-5088

Fax (301) 639-0804

khammonds@goldfinancial.com

Address

1801 S. 2nd St.,

Mcallen, TX

Contact

(956) 664-8400

Fax (301) 639-0804

Fgiuoco@Inbweb.Com

Address

1801 S. 2nd St.,

Mcallen, TX

Contact

(956) 664-8957

Fax (301) 639-0804

Mcarranco@Inbweb.Com

Refinancing News for Mcallen, Texas 78501