Home Solution Lenders Mortgage Rates, Fees & Info
BARTOW, FLLEI: 54930012OSP7Z8V2FB74
Tax ID: 26-1796172
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Mortgage Data
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. Their top markets by origination volume include: Lakeland, Tampa, Jacksonville, Ocala, and Orlando among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Home Solution Lenders has an 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.74% | 11/17/24 |
30 Year Conventional Refi | 6.65% | 11/17/24 |
30 Year Cash-out Refi | 6.62% | 11/17/24 |
30 Year FHA Purchase | 7.19% | 11/17/24 |
30 Year VA Purchase | 6.17% | 11/17/24 |
30 Year VA Refi | 6.38% | 11/17/24 |
30 Year USDA Purchase | 6.69% | 11/17/24 |
15 Year Conventional Purchase | 6.22% | 11/17/24 |
15 Year VA Purchase | 5.63% | 11/17/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
413Origination Dollar Volume (All Markets)
$82,915,000HOME SOLUTION LENDERS - 2018
HOME SOLUTION LENDERS is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
---|---|---|---|---|---|
Outside of Metro Areas | 178 | $37,480,000 | $210,562 | $6,547 | 4.61% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 149 | $27,605,000 | $185,268 | $6,255 | 4.75% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 35 | $6,855,000 | $195,857 | $5,754 | 4.52% |
JACKSONVILLE, FL (FHA|USDA|VA) | 21 | $4,955,000 | $235,952 | $4,058 | 4.80% |
OCALA, FL (FHA|USDA|VA) | 17 | $3,495,000 | $205,588 | $6,146 | 4.60% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $6,516 | 4.50% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,313 | 4.88% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,476 | 5.75% |
Wauchula, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,563 | 5.13% |
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.
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Product Mix
For 2018, Home Solution Lenders's most frequently originated type of loan was FHA, with 203 originations. Their 2nd most popular type was Conventional, with 108 originations.
Loan Reason
For 2018, Home Solution Lenders's most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2018, Home Solution Lenders's most frequently cited loan duration was 30 Year, with 407 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Home Solution Lenders's average total fees were $6,237, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 118 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 321 | $65,645,000 | $204,502 |
5-6% | 54 | $10,050,000 | $186,111 |
3-4% | 34 | $7,200,000 | $211,765 |
During 2018, Home Solution Lenders's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 321 originations.
Loan Sizing
2018 saw Home Solution Lenders place emphasis on $100k-200k loans with 206 originations, totaling $35,490,000 in origination value.
Applicant Income
Home Solution Lenders lent most frequently to those with incomes in the $50k-75k range, with 185 originations. The second most popular income band? $50k or less, with 90 originations.
Applicant Debt to Income Ratio
Home Solution Lenders lent most frequently to those with DTI ratios of 50-60%, with 79 originations. The next most common DTI ratio? 30-36%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.38%
Home Solution Lenders has a below average approval rate.
Pick Rate
Approvals leading to origination64.16%
Home Solution Lenders has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 413 | $82,915,000 | $200,763 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 2 | $290,000 | $145,000 |
Single Family (1-4 Units):Site-Built | 411 | $82,625,000 | $201,034 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
HomeKey Lending, LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |