Compare Today’s Refinance Rates for Boones Mill, Virginia 24065
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Boones Mill, Virginia 24065.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $9,775 over the lifetime of your mortgage, which translates to a monthly savings of $27 in Boones Mill and other areas of Franklin 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 Boones Mill, Virginia 24065
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Interactive Refinance Rate Projections for Boones Mill, Virginia 24065
Pureloan has developed an interactive chart to monitor the five largest local lenders in Boones Mill, VA 24065, 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 Boones Mill, Virginia 24065 from 2024 - 2016
The following historical data provides insights into refinancing trends in Boones Mill, Virginia and the surrounding Franklin 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 | 83.33% | 54.03% | 55.08% | 51.91% | 51.21% | 51.61% | 46.64% | 51.83% | 48.18% |
| avg refi rate | 6.60% | 3.61% | 2.96% | 3.27% | 4.14% | 4.55% | 4.09% | 3.88% | 4.12% |
| % 15 year fixed refinance | 8.33% | 27.85% | 28.32% | 29.65% | 31.88% | 34.68% | 37.67% | 32.23% | 35.40% |
| avg refi rate | 5.13% | 2.80% | 2.48% | 2.79% | 3.63% | 3.89% | 3.34% | 3.16% | 3.35% |
| Avg credit score | 754.25 | 746.19 | 758.27 | 770.21 | 754.80 | 748.13 | 754.14 | 755.42 | 760.98 |
| Avg LTV (loan to value) | 65.17% | 62.59% | 68.13% | 71.16% | 71.60% | 68.69% | 70.58% | 73.86% | 70.27% |
| Avg DTI (debt to income) | 39.33 | 32.34 | 29.93 | 30.39 | 32.22 | 30.18 | 32.09 | 31.66 | 30.61 |
| Avg refinance insurance % | 3.50% | 1.33% | 2.54% | 3.92% | 5.07% | 5.02% | 2.72% | 5.71% | 4.47% |
Best Refinance Brokers around Boones Mill, Virginia 24065
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Boones Mill, Virginia 24065, we have compiled a list of top refinance brokers to assist you in the process.
Tom Kulis
Mortgage Banker
1001 W Main St
Radford, VA 24065
tomkulis@atlanticbay.com
Bob Williams
VP/Mortgage Specialist
1623 E Main St
Salem, VA 24065
(540) 986-0270 Ext. 30
bobwilliams@atlanticbay.com
Melvin Scales
Branch Manager /Mortgage Specialist
1623 E Main St
Salem, VA 24065
(540) 986-0270 Ext. 31
melvinscales@atlanticbay.com
Jason Biaek
Senior Mortgage Banker
1623 E Main St
Salem, VA 24065
(540) 986-0270 Ext. 32
jasonbialek@atlanticbay.com
Kelli Mowbray
Senior Mortgage Banker
1623 E Main St
Salem, VA 24065
(540) 986-0270 Ext. 30
kellimowbray@atlanticbay.com
Address
1001 W Main St
Radford, VA
Contact
Fax (301) 639-0804
tomkulis@atlanticbay.com
Address
1623 E Main St
Salem, VA
Contact
(540) 986-0270 Ext. 30
Fax (301) 639-0804
bobwilliams@atlanticbay.com
Address
1623 E Main St
Salem, VA
Contact
(540) 986-0270 Ext. 31
Fax (301) 639-0804
melvinscales@atlanticbay.com