Home Solution Lenders Mortgage Rates, Fees & Info

BARTOW, FL

LEI: 54930012OSP7Z8V2FB74

Tax ID: 26-1796172

1 stars - Updated: 4/5/25 - out of 5 stars, based on 24 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Home Solution Lenders is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Home Solution Lenders has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lakeland, Tampa, Orlando, Ocala, and Sebring among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Solution Lenders has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Home Solution Lenders is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.61% 4/5/25
    30 Year Conventional Refi 6.72% 4/5/25
    30 Year Cash-out Refi 6.35% 4/5/25
    30 Year FHA Purchase 6.78% 4/5/25
    30 Year VA Purchase 6.27% 4/5/25
    30 Year USDA Purchase 6.36% 4/5/25
    15 Year Conventional Purchase 6.41% 4/5/25
    15 Year VA Purchase 6.38% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Home Solution Lenders Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Home Solution Lenders. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    592

    Origination Dollar Volume (All Markets)

    $192,140,000
    Show all (9) awards

    Relative Rate

    Home Solution Lenders's average 30 year fixed mortgage rate was 5.95%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.6%.

    Relative Fees (Closing Costs)

    Home Solution Lenders's average total fees/closing costs for a 30 year fixed rate mortgage were $17,022.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 304 $97,130,000 $319,507 $16,849 6.08%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 108 $37,080,000 $343,333 $19,074 5.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 64 $23,150,000 $361,719 $21,547 5.85%
    OCALA, FL (FHA|USDA|VA) 62 $17,770,000 $286,613 $15,378 6.08%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 22 $6,240,000 $283,636 $16,238 6.32%
    Outside of Metro Areas 14 $4,510,000 $322,143 $17,267 5.98%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $3,465,000 $385,000 $21,394 5.54%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $12,605 6.29%
    Wauchula, FL (FHA|USDA|VA) 2 $500,000 $250,000 $17,321 5.81%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $475,000 $475,000 $1,195 6.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $10,599 5.63%
    HINESVILLE, GA (FHA|USDA|VA) 1 $235,000 $235,000 $9,183 6.75%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,808 7.13%
    Home Solution Lenders's top markets include Lakeland, Tampa, Orlando, Ocala, and Sebring among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against HOME SOLUTION LENDERS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SAN ANTONIO CITIZENS
    Similarity Rank: 156
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 532
    JAX
    Similarity Rank: 540
    Shea Mortgage Inc.
    Similarity Rank: 572
    FLORIDA
    Similarity Rank: 572
    INSIGHT
    Similarity Rank: 721
    First Home Bank
    Similarity Rank: 784
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1012
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1102
    Citizens First Bank
    Similarity Rank: 1125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 317 $109,175,000 $344,401 $21,778 5.86%
    Conventional 182 $50,510,000 $277,527 $12,867 6.36%
    VA 91 $31,825,000 $349,725 $12,208 6.02%
    USDA 2 $630,000 $315,000 $19,202 6.13%

    For 2024, Home Solution Lenders's most frequently originated type of loan was FHA, with 317 originations. Their 2nd most popular type was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 590 $191,720,000 $324,949 $17,618 6.04%
    Cash Out Refi 2 $420,000 $210,000 $7,512 5.75%

    For 2024, Home Solution Lenders's most frequently cited loan purpose was Home Purchase, with 590 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 481 $154,765,000 $321,757 $17,022 5.95%
    30+ year 83 $29,135,000 $351,024 $20,983 6.51%
    Other 21 $7,595,000 $361,667 $20,393 6.27%
    10 Year 4 $40,000 $10,000 $168 6.41%
    15 Year 3 $605,000 $201,667 $11,048 5.79%

    For 2024, Home Solution Lenders's most frequently cited loan duration was 30 Year, with 481 originations. The 2nd most popular length was 30+ year, with 83 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 495 $163,945,000 $331,202
    $<1k 37 $10,375,000 $280,405
    $1k-2k 23 $6,985,000 $303,696
    $4k-5k 15 $4,335,000 $289,000
    $2k-3k 11 $3,875,000 $352,273
    $3k-4k 9 $2,065,000 $229,444

    Home Solution Lenders's average total fees were $17,022, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 495 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 295 $98,235,000 $333,000
    6-7% 238 $75,880,000 $318,824
    7-8% 33 $10,865,000 $329,242
    4-5% 19 $7,075,000 $372,368
    <2.5% 4 $50,000 $12,500
    Over 8% 3 $35,000 $11,667

    During 2024, Home Solution Lenders's average interest rate for loans was 5.95%, while their most frequently originated rate bucket for loans was 5-6%, with 295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 455 $145,175,000 $319,066 $17,566 6.07%
    $400k-600k 86 $37,250,000 $433,140 $22,990 5.97%
    $100k-200k 39 $6,055,000 $155,256 $9,093 6.19%
    $100,000 or less 7 $85,000 $12,143 $84 3.66%
    $600k-1MM 4 $2,570,000 $642,500 $11,248 7.22%
    $1MM+ 1 $1,005,000 $1,005,000 $21,988 6.00%

    2024 saw Home Solution Lenders place emphasis on $200k-400k loans with 455 originations, totaling $145,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 210 $72,300,000 $344,286 $19,019 6.06%
    $75k-100k 177 $55,865,000 $315,621 $17,998 5.94%
    $50k-75k 104 $27,450,000 $263,942 $14,998 5.95%
    $150k-250k 77 $28,505,000 $370,195 $17,604 6.29%
    $250k+ 15 $6,255,000 $417,000 $14,921 6.26%
    $50k or less 9 $1,765,000 $196,111 $9,385 6.18%

    Home Solution Lenders lent most frequently to those with incomes in the $100k-150k range, with 210 originations. The second most popular income band? $75k-100k, with 177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 145 $50,975,000 $351,552 $20,798 5.88%
    30-36% 64 $19,220,000 $300,313 $15,598 6.01%
    20-30% 48 $13,760,000 $286,667 $14,884 6.27%
    47% 37 $12,155,000 $328,514 $18,318 6.22%
    45% 33 $10,925,000 $331,061 $19,193 6.01%
    40% 32 $9,810,000 $306,563 $14,185 5.79%
    48% 31 $10,715,000 $345,645 $18,967 5.85%
    49% 27 $9,255,000 $342,778 $16,360 6.14%
    46% 25 $7,765,000 $310,600 $17,273 6.19%
    38% 21 $6,995,000 $333,095 $16,276 6.26%
    43% 21 $7,045,000 $335,476 $18,322 6.31%
    42% 20 $6,390,000 $319,500 $15,428 6.25%
    37% 16 $4,390,000 $274,375 $14,390 6.25%
    36% 15 $4,715,000 $314,333 $14,965 5.40%
    39% 15 $4,905,000 $327,000 $19,401 6.36%
    41% 14 $4,740,000 $338,571 $19,560 6.12%
    44% 13 $4,305,000 $331,154 $14,450 6.15%
    <20% 12 $2,770,000 $230,833 $10,528 6.21%
    >60% 3 $1,305,000 $435,000 $24,944 5.67%

    Home Solution Lenders lent most frequently to those with DTI ratios of 50-60%, with 145 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 369 $117,805,000 $319,255 $16,871 6.04%
    Black 97 $32,575,000 $335,825 $18,316 6.06%
    Not provided 94 $31,390,000 $333,936 $19,857 6.01%
    Asian 19 $5,715,000 $300,789 $14,132 6.29%
    American Indian 5 $1,635,000 $327,000 $18,441 6.25%
    Asian Indian 2 $890,000 $445,000 $24,803 5.37%
    Other Pacific Islander 2 $740,000 $370,000 $23,872 5.25%
    Other Asian 2 $720,000 $360,000 $24,224 5.94%
    Korean 1 $345,000 $345,000 $18,251 5.38%
    Filipino 1 $325,000 $325,000 $15,325 6.38%

    Approval Rates

    Total approvals of all applications
    97.92%

    Home Solution Lenders has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.85%

    Home Solution Lenders has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 592 $192,140,000 $324,561

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    592 $192,140,000 $324,561

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,500,000 $138,889 $8,490 6.28%
    40-60% 24 $4,830,000 $201,250 $10,363 6.09%
    60-80% 78 $21,870,000 $280,385 $13,008 6.44%
    80-100% 450 $157,020,000 $348,933 $19,165 5.99%
    Over 100% 15 $5,835,000 $389,000 $23,206 6.14%
    Under 20% 7 $85,000 $12,143 $84 3.66%