Compare Today’s Refinance Rates for Galax, Virginia 24333
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Galax, Virginia 24333.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,726 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Galax and other areas of Galax City 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 Galax, Virginia 24333
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Interactive Refinance Rate Projections for Galax, Virginia 24333
Pureloan has developed an interactive chart to monitor the five largest local lenders in Galax, VA 24333, 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 Galax, Virginia 24333 from 2024 - 2016
The following historical data provides insights into refinancing trends in Galax, Virginia and the surrounding Galax City 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 | 80.00% | 56.41% | 42.31% | 49.20% | 49.09% | 56.76% | 45.16% | 46.97% | 52.46% |
avg refi rate | 6.31% | 4.02% | 3.03% | 3.30% | 4.45% | 4.60% | 4.21% | 3.96% | 4.14% |
% 15 year fixed refinance | 24.36% | 37.41% | 34.76% | 36.36% | 24.32% | 33.87% | 36.36% | 31.15% | |
avg refi rate | 2.99% | 2.51% | 2.82% | 3.70% | 3.93% | 3.36% | 3.20% | 3.30% | |
Avg credit score | 739.40 | 744.23 | 754.23 | 757.71 | 738.53 | 747.43 | 746.63 | 745.91 | 752.39 |
Avg LTV (loan to value) | 56.20% | 64.92% | 68.62% | 71.99% | 70.36% | 69.32% | 70.56% | 75.00% | 72.70% |
Avg DTI (debt to income) | 31.40 | 32.13 | 31.72 | 31.76 | 33.31 | 30.59 | 32.81 | 32.44 | 30.26 |
Avg refinance insurance % | 1.96% | 3.36% | 4.63% | 4.04% | 2.84% | 4.03% | 3.52% | 3.21% |
Best Refinance Brokers around Galax, Virginia 24333
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Galax, Virginia 24333, we have compiled a list of top refinance brokers to assist you in the process.
Robin Fincher
Loan Officer
1020 East Stuart Dr.
Galax, VA 24333
(843) 449-2250
rfincher@alcovamortgage.com
Kevin Weatherman
Loan Officer
1020 E Stuart Dr
Galax, VA 24333
(276) 236-7777
kweatherman@alcovamortgage.com
Erick Hash
Mortgage Banker
948 E Stuart Dr
Galax, VA 24333
(276) 236-8208
erickhash@atlanticbay.com
Deborah Eaton
Mortgage Loan Officer
1105 Bob White Blvd
Pulaski, VA 24333
(540) 267-8052
dbeaton@bbandt.com
Hugh Covington
Mortgage Banker
2851 Carrollton Pike, Suite 1A
Woodlawn, VA 24333
(336) 287-2904
hughcovington@atlanticbay.com
Address
1020 East Stuart Dr.
Galax, VA
Contact
(843) 449-2250
Fax (301) 639-0804
rfincher@alcovamortgage.com
Address
1020 E Stuart Dr
Galax, VA
Contact
(276) 236-7777
Fax (301) 639-0804
kweatherman@alcovamortgage.com
Address
948 E Stuart Dr
Galax, VA
Contact
(276) 236-8208
Fax (301) 639-0804
erickhash@atlanticbay.com