Compare Today’s Refinance Rates for Mechanicsville, Virginia 23116
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mechanicsville, Virginia 23116.
With a 30-year amortization refinance in Mechanicsville and surrounding areas of Hanover county, our calculations show that you can expect to save up to $10,992 over the lifetime of your mortgage, or a monthly savings of $31. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Mechanicsville, Virginia 23116.
Summary of Average Refinances in Mechanicsville, Virginia 23116
Become a certified mortgage expert on Pureloan.com
in Mechanicsville, Virginia 23116
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Mechanicsville, Virginia 23116
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mechanicsville, VA 23116, 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 Mechanicsville, Virginia 23116 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mechanicsville, Virginia and the surrounding Hanover 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% | 61.36% | 61.13% | 63.00% | 62.39% | 62.40% | 56.07% | 64.63% | 63.83% |
avg refi rate | 6.09% | 3.51% | 2.94% | 3.22% | 4.11% | 4.47% | 4.04% | 3.85% | 4.08% |
% 15 year fixed refinance | 10.00% | 20.55% | 21.76% | 21.77% | 23.90% | 28.93% | 28.87% | 23.05% | 22.51% |
avg refi rate | 5.88% | 2.76% | 2.42% | 2.79% | 3.45% | 3.87% | 3.31% | 3.12% | 3.29% |
Avg credit score | 741.15 | 764.64 | 765.28 | 767.18 | 761.61 | 756.25 | 759.19 | 762.42 | 764.75 |
Avg LTV (loan to value) | 62.80% | 62.34% | 67.10% | 70.74% | 71.57% | 68.07% | 71.80% | 72.95% | 72.35% |
Avg DTI (debt to income) | 37.75 | 32.21 | 30.54 | 30.56 | 31.43 | 32.44 | 31.95 | 31.51 | 31.06 |
Avg refinance insurance % | 6.35% | 1.53% | 2.44% | 4.01% | 5.44% | 3.00% | 5.41% | 6.01% | 6.58% |
Best Refinance Brokers around Mechanicsville, Virginia 23116
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mechanicsville, Virginia 23116, we have compiled a list of top refinance brokers to assist you in the process.
Tiffany Barber
Loan Officer
9207 Chamberlayne Road
Mechanicsville, VA 23116
(804) 432-3044
tbarber@southerntrust.com
Michael Huff
Loan Officer
9207 Chamberlayne Road
Mechanicsville, VA 23116
(804) 201-4539
michaelh@southerntrust.com
Linda Alford
Loan Officer
9207 Chamberlayne Road
Mechanicsville, VA 23116
(804) 793-9797
lalford@southerntrust.com
Kevin Weatherspoon
Loan Officer
9207 Chamberlayne Road
Mechanicsville, VA 23116
(804) 793-9793
kevin@southerntrust.com
John Eiler
Loan Officer
9207 Chamberlayne Road
Mechanicsville, VA 23116
(804) 793-9796
jeiler@southerntrust.com
Address
9207 Chamberlayne Road
Mechanicsville, VA
Contact
(804) 432-3044
Fax (301) 639-0804
tbarber@southerntrust.com
Address
9207 Chamberlayne Road
Mechanicsville, VA
Contact
(804) 201-4539
Fax (301) 639-0804
michaelh@southerntrust.com
Address
9207 Chamberlayne Road
Mechanicsville, VA
Contact
(804) 793-9797
Fax (301) 639-0804
lalford@southerntrust.com