Compare Today’s Refinance Rates for Gloucester, Virginia 23061
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Gloucester, Virginia 23061.
With a 30-year amortization refinance in Gloucester and surrounding areas of Gloucester county, our calculations show that you can expect to save up to $11,955 over the lifetime of your mortgage, or a monthly savings of $33. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Gloucester, Virginia 23061.
Summary of Average Refinances in Gloucester, Virginia 23061
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Interactive Refinance Rate Projections for Gloucester, Virginia 23061
Pureloan has developed an interactive chart to monitor the five largest local lenders in Gloucester, VA 23061, 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 Gloucester, Virginia 23061 from 2024 - 2016
The following historical data provides insights into refinancing trends in Gloucester, Virginia and the surrounding Gloucester 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 Gloucester, Virginia 23061
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Gloucester, Virginia 23061, we have compiled a list of top refinance brokers to assist you in the process.
Brenda Moore
Mortgage Loan Officer
6506 Main Street
Gloucester, VA 23061
(843) 449-2250
bmoore@alcovamortgage.com
Steve Bland
Branch Manager
6506 Main Street
Gloucester, VA 23061
(843) 449-2250
sbland@alcovamortgage.com
Kajol Merchant
Loan Officer
10190 Staples Mill Rd
Glen Allen, VA 23061
(804) 672-5030
kajol.merchant@wellsfargo.com
Brian Croxford
Loan Officer
10190 Staples Mill Rd
Glen Allen, VA 23061
(804) 672-5030
brian.a.croxford@wellsfargo.com
Ryan Ives
Loan Officer
10190 Staples Mill Rd
Glen Allen, VA 23061
(804) 672-5030
ryan.ives@wellsfargo.com
Address
6506 Main Street
Gloucester, VA
Contact
(843) 449-2250
Fax (301) 639-0804
bmoore@alcovamortgage.com
Address
6506 Main Street
Gloucester, VA
Contact
(843) 449-2250
Fax (301) 639-0804
sbland@alcovamortgage.com
Address
10190 Staples Mill Rd
Glen Allen, VA
Contact
(804) 672-5030
Fax (301) 639-0804
kajol.merchant@wellsfargo.com