Compare Today’s Refinance Rates for Kilmarnock, Virginia 22482
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Kilmarnock, Virginia 22482.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $11,830 over the lifetime of your mortgage, which translates to a monthly savings of $33 in Kilmarnock and other areas of Lancaster 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.
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Summary of Average Refinances in Kilmarnock, Virginia 22482
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Kilmarnock, Virginia 22482
Pureloan has developed an interactive chart to monitor the five largest local lenders in Kilmarnock, VA 22482, 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 Kilmarnock, Virginia 22482 from 2024 - 2016
The following historical data provides insights into refinancing trends in Kilmarnock, Virginia and the surrounding Lancaster 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 | 60.00% | 68.27% | 70.40% | 66.95% | 63.45% | 59.12% | 59.55% | 62.61% | 60.55% |
| avg refi rate | 6.49% | 3.55% | 2.93% | 3.19% | 4.02% | 4.60% | 4.06% | 3.90% | 4.10% |
| % 15 year fixed refinance | 33.33% | 18.91% | 16.58% | 18.02% | 24.50% | 29.20% | 29.09% | 22.90% | 28.72% |
| avg refi rate | 5.62% | 2.65% | 2.42% | 2.75% | 3.60% | 3.83% | 3.45% | 3.19% | 3.25% |
| Avg credit score | 760.53 | 746.03 | 752.26 | 760.24 | 752.19 | 755.91 | 754.41 | 758.46 | 763.56 |
| Avg LTV (loan to value) | 56.60% | 63.87% | 68.87% | 72.95% | 73.56% | 71.27% | 72.32% | 74.13% | 73.03% |
| Avg DTI (debt to income) | 35.87 | 32.91 | 31.84 | 31.07 | 33.24 | 33.36 | 32.58 | 31.54 | 30.23 |
| Avg refinance insurance % | 2.47% | 1.66% | 3.19% | 4.96% | 6.61% | 4.55% | 5.16% | 6.08% | 6.29% |
Best Refinance Brokers around Kilmarnock, Virginia 22482
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Kilmarnock, Virginia 22482, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Steve Waldrop
Loan Officer
645 Rappanhannock Drive
White Stone, VA 22482
(757) 659-0668
swaldrop@alcovamortgage.com
Jessica Cruise
Branch Manager
135 Queen Street � P.O. Box 1163
Tappahannock, VA 22482
(804) 443-3351
jcruise@colonialfarmcredit.com
Kim Thagholm
Sr. Loan Officer
4444 Germanna Hwy.Suite 195
Locust Grove, VA 22482
(843) 449-2250
kthagholm@alcovamortgage.com
Address
645 Rappanhannock Drive
White Stone, VA
Contact
(757) 659-0668
Fax (301) 639-0804
swaldrop@alcovamortgage.com
Address
135 Queen Street � P.O. Box 1163
Tappahannock, VA
Contact
(804) 443-3351
Fax (301) 639-0804
jcruise@colonialfarmcredit.com
Address
4444 Germanna Hwy.Suite 195
Locust Grove, VA
Contact
(843) 449-2250
Fax (301) 639-0804
kthagholm@alcovamortgage.com