Compare Today’s Refinance Rates for Mcallen, Texas 78502
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mcallen, Texas 78502.
With a 30-year amortization refinance in Mcallen and surrounding areas of Hidalgo county, our calculations show that you can expect to save up to $3,562 over the lifetime of your mortgage, or a monthly savings of $10. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Mcallen, Texas 78502.
Summary of Average Refinances in Mcallen, Texas 78502
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Interactive Refinance Rate Projections for Mcallen, Texas 78502
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mcallen, TX 78502, 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 Mcallen, Texas 78502 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mcallen, Texas and the surrounding Hidalgo 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 | 88.07% | 48.37% | 39.28% | 38.84% | 60.65% | 60.21% | 51.12% | 41.67% | 41.54% |
avg refi rate | 6.47% | 4.02% | 3.08% | 3.49% | 4.61% | 4.82% | 4.39% | 4.18% | 4.34% |
% 15 year fixed refinance | 9.17% | 34.29% | 42.29% | 43.72% | 30.46% | 31.14% | 40.58% | 46.21% | 46.15% |
avg refi rate | 5.56% | 2.96% | 2.54% | 2.89% | 3.95% | 4.12% | 3.58% | 3.42% | 3.55% |
Avg credit score | 744.50 | 761.35 | 732.15 | 736.37 | 728.90 | 718.32 | 723.73 | 725.31 | 729.14 |
Avg LTV (loan to value) | 74.65% | 65.54% | 69.57% | 73.69% | 74.68% | 75.17% | 74.22% | 75.84% | 73.86% |
Avg DTI (debt to income) | 37.17 | 36.06 | 34.89 | 35.12 | 36.02 | 36.29 | 35.81 | 35.31 | 34.90 |
Avg refinance insurance % | 8.65% | 2.60% | 3.47% | 5.59% | 8.34% | 7.97% | 6.08% | 6.68% | 5.81% |
Best Refinance Brokers around Mcallen, Texas 78502
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mcallen, Texas 78502, we have compiled a list of top refinance brokers to assist you in the process.
Kenneth Hammonds
Branch Manager
1012 Martin Avenue, Suite A
Mcallen, TX 78502
(956) 358-5088
khammonds@goldfinancial.com
Frank Giuoco
Mortgage Lender
1801 S. 2nd St.,
Mcallen, TX 78502
(956) 664-8400
Fgiuoco@Inbweb.Com
Maribel Carranco
Mortgage Lender
1801 S. 2nd St.,
Mcallen, TX 78502
(956) 664-8957
Mcarranco@Inbweb.Com
Laura Garza
Loan Officer
5412 N 10th St
Mcallen, TX 78502
(956) 687-6688
lgarza@castlecooke.com
Norfelia Garza
Mortgage Loan Officer
7906 N. 10th Street
McAllen, TX 78502
(956) 682-6540
ngarza2@ssfcu.org
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