Compare Today’s Refinance Rates for Cumberland, Virginia 23040
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Cumberland, Virginia 23040.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Cumberland, Virginia 23040. For 30-year amortization refinancing, you can expect lifetime cash savings of $8,368 or $23 per month in Cumberland and other parts of Cumberland county.
Summary of Average Refinances in Cumberland, Virginia 23040
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Interactive Refinance Rate Projections for Cumberland, Virginia 23040
Pureloan has developed an interactive chart to monitor the five largest local lenders in Cumberland, VA 23040, 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 Cumberland, Virginia 23040 from 2024 - 2016
The following historical data provides insights into refinancing trends in Cumberland, Virginia and the surrounding Cumberland 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 | 73.68% | 59.12% | 56.36% | 54.34% | 57.89% | 68.29% | 49.06% | 62.32% | 61.49% |
| avg refi rate | 6.32% | 3.61% | 2.93% | 3.20% | 4.16% | 4.62% | 4.11% | 3.87% | 4.07% |
| % 15 year fixed refinance | 10.53% | 23.56% | 25.39% | 29.81% | 28.48% | 22.56% | 35.47% | 26.33% | 26.27% |
| avg refi rate | 4.93% | 2.64% | 2.41% | 2.74% | 3.54% | 3.90% | 3.37% | 3.12% | 3.22% |
| Avg credit score | 762.63 | 749.06 | 759.95 | 765.59 | 757.67 | 751.55 | 754.16 | 759.11 | 758.79 |
| Avg LTV (loan to value) | 62.74% | 62.20% | 66.27% | 69.42% | 69.58% | 67.36% | 68.37% | 72.59% | 74.88% |
| Avg DTI (debt to income) | 32.32 | 31.59 | 30.06 | 30.40 | 32.61 | 33.01 | 31.63 | 32.36 | 32.07 |
| Avg refinance insurance % | 1.95% | 1.89% | 2.38% | 3.24% | 3.30% | 3.21% | 3.21% | 5.38% | 6.06% |
Best Refinance Brokers around Cumberland, Virginia 23040
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Cumberland, Virginia 23040, we have compiled a list of top refinance brokers to assist you in the process.
Rebecca Peek
Loan Officer
101 S Washington Hwy
Ashland, VA 23040
(804) 752-7900
rebecca.a.peek@wellsfargo.com
James Liesfeld
Loan Officer
101 S Washington Hwy
Ashland, VA 23040
(804) 752-7900
james.b.liesfeld@wellsfargo.com
Alan Henderson
Loan Officer
101 S Washington Hwy
Ashland, VA 23040
(804) 752-7900
alan.henderson@wellsfargo.com
Teresa Sandlin
Mortgage Loan Officer
11520 Nuckols Rd Ste 112
Glen Allen, VA 23040
(434) 391-9944
teresa.sandlin@pncmortgage.com
JOHN GREGORY
Home Loan Officer
11520 Nuckols Rd Ste 101
Glen Allen, VA 23040
(804) 273-1104
john.gregory@wellsfargo.com
Address
101 S Washington Hwy
Ashland, VA
Contact
(804) 752-7900
Fax (301) 639-0804
rebecca.a.peek@wellsfargo.com
Address
101 S Washington Hwy
Ashland, VA
Contact
(804) 752-7900
Fax (301) 639-0804
james.b.liesfeld@wellsfargo.com
Address
101 S Washington Hwy
Ashland, VA
Contact
(804) 752-7900
Fax (301) 639-0804
alan.henderson@wellsfargo.com