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VA Refinance Rates in Illinois

Updated: May 24, 2020

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Displaying rates for Mortgage Refinance in IL for $200,000

2.886%

APR
30 Year Fixed
2.750% Rate $816/mo
  • Updated May 24, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.10%
15 Year Fixed 2.50%
5/1 ARM 4.50%
Sunday, May 24, 2020

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Mortgage rates for Illinois go down to 3.10%

Sunday, May 24, 2020

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 3.10%. That dropped from 3.38% to 3.10%. The 15-year fixed rates are now at 2.50%. The 5/1 ARM mortgage for Illinois is now at 4.50%.

VA Refinance Rates in Illinois

Refinancing a VA loan in Illinois can be convenient and profitable for homeowners formerly serving in the military. Homeowners with an existing mortgage can apply their VA eligibility to a mortgage and acquire a VA refinance to lower their current mortgage payments. Homeowners with an existing VA-guaranteed mortgage have the additional option of a VA streamline refinance. This streamline refinance program allows borrowers to bypass the majority of paperwork and fees involved in a typical refinance transaction and consequently to acquire their funds quicker and more affordably than other refinance options.

Despite these advantages, borrowers considering a VA refinance should always take a survey of lender rates to compare and determine their best refinance options. Check out our main page on VA refinance rates for more information.

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