Compare Today’s Refinance Rates for Redwood, Virginia 24146
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Redwood, Virginia 24146.
With a 30-year amortization refinance in Redwood and surrounding areas of Franklin county, our calculations show that you can expect to save up to $7,640 over the lifetime of your mortgage, or a monthly savings of $21. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Redwood, Virginia 24146.
Summary of Average Refinances in Redwood, Virginia 24146
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Interactive Refinance Rate Projections for Redwood, Virginia 24146
Pureloan has developed an interactive chart to monitor the five largest local lenders in Redwood, VA 24146, 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 Redwood, Virginia 24146 from 2024 - 2016
The following historical data provides insights into refinancing trends in Redwood, Virginia and the surrounding Franklin 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 | 50.00% | 100.00% | 33.33% | ||||||
avg refi rate | 2.75% | 4.63% | 4.50% | ||||||
% 15 year fixed refinance | 50.00% | 33.33% | 100.00% | ||||||
avg refi rate | 2.70% | 2.50% | 3.63% | ||||||
Avg credit score | 775.00 | 748.50 | 745.00 | 748.33 | 750.00 | 800.00 | 766.00 | 741.33 | |
Avg LTV (loan to value) | 41.00% | 81.00% | 66.00% | 75.00% | 84.00% | 20.00% | 80.00% | 74.67% | |
Avg DTI (debt to income) | 37.00 | 38.50 | 30.33 | 34.33 | 38.00 | 5.00 | 15.00 | 32.67 | |
Avg refinance insurance % | 12.50% | 1.00% | 6.00% | 10.00% |
Best Refinance Brokers around Redwood, Virginia 24146
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Redwood, Virginia 24146, we have compiled a list of top refinance brokers to assist you in the process.
Bob Williams
VP/Mortgage Specialist
1623 E Main St
Salem, VA 24146
(540) 986-0270 Ext. 30
bobwilliams@atlanticbay.com
Melvin Scales
Branch Manager /Mortgage Specialist
1623 E Main St
Salem, VA 24146
(540) 986-0270 Ext. 31
melvinscales@atlanticbay.com
Jason Biaek
Senior Mortgage Banker
1623 E Main St
Salem, VA 24146
(540) 986-0270 Ext. 32
jasonbialek@atlanticbay.com
Kelli Mowbray
Senior Mortgage Banker
1623 E Main St
Salem, VA 24146
(540) 986-0270 Ext. 30
kellimowbray@atlanticbay.com
Scott Greenway
Mortgage Banker
1623 E Main St
Salem, VA 24146
(540) 986-0270
scottgreenway@atlanticbay.com
Address
1623 E Main St
Salem, VA
Contact
(540) 986-0270 Ext. 30
Fax (301) 639-0804
bobwilliams@atlanticbay.com
Address
1623 E Main St
Salem, VA
Contact
(540) 986-0270 Ext. 31
Fax (301) 639-0804
melvinscales@atlanticbay.com
Address
1623 E Main St
Salem, VA
Contact
(540) 986-0270 Ext. 32
Fax (301) 639-0804
jasonbialek@atlanticbay.com