Compare Today’s Refinance Rates for South Hill, Virginia 23970
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in South Hill, Virginia 23970.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $9,077 over the lifetime of your mortgage, which translates to a monthly savings of $25 in South Hill and other areas of Mecklenburg 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 South Hill, Virginia 23970
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Interactive Refinance Rate Projections for South Hill, Virginia 23970
Pureloan has developed an interactive chart to monitor the five largest local lenders in South Hill, VA 23970, 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 South Hill, Virginia 23970 from 2024 - 2016
The following historical data provides insights into refinancing trends in South Hill, Virginia and the surrounding Mecklenburg 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 South Hill, Virginia 23970
If you are considering refinancing your mortgage or obtaining a cash-out refinance in South Hill, Virginia 23970, we have compiled a list of top refinance brokers to assist you in the process.
Michael Lacks
Agribusiness Relationship Manager
201 E. Danville Street
South Hill, VA 23970
(434) 447-7148
mlacks@colonialfarmcredit.com
Darlene King
Loan Processor
201 E. Danville Street
South Hill, VA 23970
(434) 447-7148
dking@colonialfarmcredit.com
Melanie Turner
Loan Officer
3559 Fairystone Park Hwy
Bassett, VA 23970
(276) 629-5312
melanie.a.turner@wellsfargo.com
Tamie Frets
Loan Officer
200 N Main St
Blacksburg, VA 23970
(540) 552-4211
tamie.frets@wellsfargo.com
Benjamin Creger
Loan Officer
200 N Main St
Blacksburg, VA 23970
(540) 552-4211
benjamin.creger@wellsfargo.com
Address
201 E. Danville Street
South Hill, VA
Contact
(434) 447-7148
Fax (301) 639-0804
mlacks@colonialfarmcredit.com
Address
201 E. Danville Street
South Hill, VA
Contact
(434) 447-7148
Fax (301) 639-0804
dking@colonialfarmcredit.com
Address
3559 Fairystone Park Hwy
Bassett, VA
Contact
(276) 629-5312
Fax (301) 639-0804
melanie.a.turner@wellsfargo.com