Compare Today’s Refinance Rates for Newington, Virginia 22122
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Newington, Virginia 22122.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $12,453 over the lifetime of your mortgage, which translates to a monthly savings of $35 in Newington and other areas of Fairfax 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 Newington, Virginia 22122
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Interactive Refinance Rate Projections for Newington, Virginia 22122
Pureloan has developed an interactive chart to monitor the five largest local lenders in Newington, VA 22122, 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 Newington, Virginia 22122 from 2024 - 2016
The following historical data provides insights into refinancing trends in Newington, Virginia and the surrounding Fairfax 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 | 90.91% | 59.04% | 66.42% | 65.46% | 68.62% | 66.13% | 62.03% | 70.79% | 63.32% |
avg refi rate | 5.93% | 3.51% | 2.96% | 3.27% | 4.14% | 4.58% | 4.06% | 3.86% | 4.10% |
% 15 year fixed refinance | 9.09% | 21.77% | 21.00% | 19.39% | 20.50% | 24.19% | 29.54% | 20.63% | 25.10% |
avg refi rate | 5.38% | 2.68% | 2.46% | 2.82% | 3.61% | 3.91% | 3.34% | 3.11% | 3.31% |
Avg credit score | 737.00 | 740.04 | 764.03 | 758.06 | 748.68 | 748.18 | 756.64 | 761.36 | 759.60 |
Avg LTV (loan to value) | 59.09% | 60.84% | 67.92% | 72.07% | 73.66% | 71.20% | 72.39% | 73.41% | 72.19% |
Avg DTI (debt to income) | 37.00 | 32.40 | 31.34 | 31.17 | 32.94 | 33.52 | 31.89 | 31.16 | 30.56 |
Avg refinance insurance % | 1.20% | 2.73% | 4.88% | 6.10% | 4.78% | 5.24% | 5.72% | 4.68% |
Best Refinance Brokers around Newington, Virginia 22122
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Newington, Virginia 22122, we have compiled a list of top refinance brokers to assist you in the process.
Zahra Nawroz
Mortgage Loan Specialist
2936 Chain Bridge Road
Oakton, VA 22122
(614) 987-0129
Zahra.Nawroz@bankofamerica.com
Steve Myers
Branch Mgr. - Sr. Loan Officer
2606 Hunter Mill Rd
Oakton, VA 22122
(843) 449-2250
smyers@alcovamortgage.com
Kathy Jenkins
Loan Officer
2936 Chain Bridge Road
Oakton, VA 22122
(410) 245-3436
kathy.jenkins@bankofamerica.com
Zach Sargent
Loan Officer
2936 Chain Bridge Road
Oakton, VA 22122
(571) 318-1521
zach.sargent@bankofamerica.com
Chris Milauckas
Loan Officer
2936 Chain Bridge Road
Oakton, VA 22122
(571) 325-4499
chris.milauckas@bankofamerica.com
Address
2936 Chain Bridge Road
Oakton, VA
Contact
(614) 987-0129
Fax (301) 639-0804
Zahra.Nawroz@bankofamerica.com
Address
2606 Hunter Mill Rd
Oakton, VA
Contact
(843) 449-2250
Fax (301) 639-0804
smyers@alcovamortgage.com
Address
2936 Chain Bridge Road
Oakton, VA
Contact
(410) 245-3436
Fax (301) 639-0804
kathy.jenkins@bankofamerica.com