Home Solution Lenders Mortgage Rates, Fees & Info

BARTOW, FL

LEI: 54930012OSP7Z8V2FB74

Tax ID: 26-1796172

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 a high proportion of conventional loans. Their top markets by origination volume include: Lakeland, Tampa, Ocala, Orlando, and Jacksonville among others. We have data for 17 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 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.

    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 6.74% 12/3/24
    30 Year Conventional Refi 6.65% 12/3/24
    30 Year Cash-out Refi 6.62% 12/3/24
    30 Year FHA Purchase 7.19% 12/3/24
    30 Year VA Purchase 6.17% 12/3/24
    30 Year VA Refi 6.38% 12/3/24
    30 Year USDA Purchase 6.69% 12/3/24
    15 Year Conventional Purchase 6.22% 12/3/24
    15 Year VA Purchase 5.63% 12/3/24
    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






    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

    1,031

    Origination Dollar Volume (All Markets)

    $238,645,000
    Show all (19) awards

    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) 676 $154,040,000 $227,870 $6,260 2.97%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 106 $24,010,000 $226,509 $6,331 2.76%
    OCALA, FL (FHA|USDA|VA) 79 $16,825,000 $212,975 $5,572 2.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 59 $14,765,000 $250,254 $7,066 2.89%
    JACKSONVILLE, FL (FHA|USDA|VA) 49 $13,795,000 $281,531 $4,530 2.96%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 23 $5,585,000 $242,826 $7,910 2.60%
    Outside of Metro Areas 24 $5,410,000 $225,417 $7,253 3.08%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $1,211 3.04%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $595,000 $595,000 $26,646 3.25%
    Wauchula, FL (FHA|USDA|VA) 2 $520,000 $260,000 $5,051 3.38%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $480,000 $240,000 $6,549 2.94%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,395 2.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $325,000 $325,000 $11,124 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,125 2.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $1,850 2.99%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,869 3.88%
    Americus, GA (FHA|USDA|VA) 1 $175,000 $175,000 $8,112 2.38%
    Home Solution Lenders's top markets include Lakeland, Tampa, Ocala, Orlando, and Jacksonville 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.

    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    THE MONEY HOUSE INC.
    Similarity Rank: 946
    SAN ANTONIO CITIZENS
    Similarity Rank: 1170
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1208
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 1288
    RAILROAD & INDUSTRIAL
    Similarity Rank: 2045
    Citizens First Bank
    Similarity Rank: 2080
    Kwik Mortgage Corporation
    Similarity Rank: 2492
    DEVELOPER'S MORTGAGE COMPANY
    Similarity Rank: 2580
    CAMPUS USA
    Similarity Rank: 2765

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 495 $112,105,000 $226,475 $8,088 2.88%
    Conventional 344 $79,510,000 $231,134 $3,586 3.07%
    VA 107 $28,395,000 $265,374 $5,875 2.87%
    USDA 85 $18,635,000 $219,235 $6,409 2.83%

    For 2020, Home Solution Lenders's most frequently originated type of loan was FHA, with 495 originations. Their 2nd most popular type was Conventional, with 344 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 907 $206,885,000 $228,098 $6,701 2.93%
    Refi 95 $24,595,000 $258,895 $2,480 2.97%
    Cash Out Refi 28 $7,060,000 $252,143 $4,005 3.12%
    Home Improvement 1 $105,000 $105,000 $2,620 3.38%

    For 2020, Home Solution Lenders's most frequently cited loan purpose was Home Purchase, with 907 originations. The 2nd most popular reason was Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 983 $227,085,000 $231,012 $6,294 2.92%
    15 Year 18 $4,330,000 $240,556 $3,077 2.69%
    30+ year 15 $4,145,000 $276,333 $8,188 4.32%
    20 Year 8 $1,860,000 $232,500 $2,697 2.97%
    Other 6 $1,050,000 $175,000 $4,956 3.91%
    10 Year 1 $175,000 $175,000 $2,945 2.25%

    For 2020, Home Solution Lenders's most frequently cited loan duration was 30 Year, with 983 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 304 $65,860,000 $216,645
    $2k-3k 263 $59,935,000 $227,890
    $<1k 204 $50,750,000 $248,775
    $3k-4k 128 $30,540,000 $238,594
    $4k-5k 91 $21,845,000 $240,055
    $5k+ 36 $8,930,000 $248,056

    Home Solution Lenders's average total fees were $6,294, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 304 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 349 $81,545,000 $233,653
    3-4% 349 $77,675,000 $222,564
    <2.5% 296 $70,830,000 $239,291
    4-5% 32 $7,850,000 $245,313
    5-6% 2 $500,000 $250,000

    During 2020, Home Solution Lenders's average interest rate for loans was 2.92%, while their most frequently originated rate bucket for loans was 2.5-3%, with 349 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 770 $189,110,000 $245,597 $6,618 2.90%
    $100k-200k 224 $38,060,000 $169,911 $5,071 3.11%
    $400k-600k 21 $9,955,000 $474,048 $6,231 2.95%
    $100,000 or less 15 $845,000 $56,333 $2,917 2.60%
    $600k-1MM 1 $675,000 $675,000 $6,949 2.75%

    2020 saw Home Solution Lenders place emphasis on $200k-400k loans with 770 originations, totaling $189,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 424 $92,270,000 $217,618 $6,496 2.91%
    $50k or less 210 $41,470,000 $197,476 $6,252 2.86%
    $75k-100k 192 $47,170,000 $245,677 $6,374 3.01%
    $100k-150k 150 $41,530,000 $276,867 $5,831 3.00%
    $150k-250k 41 $12,575,000 $306,707 $5,226 3.04%
    $250k+ 14 $3,630,000 $259,286 $3,304 3.24%

    Home Solution Lenders lent most frequently to those with incomes in the $50k-75k range, with 424 originations. The second most popular income band? $50k or less, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 173 $39,955,000 $230,954 $7,758 2.82%
    30-36% 156 $36,850,000 $236,218 $5,897 2.99%
    20-30% 132 $30,870,000 $233,864 $5,107 2.94%
    41% 47 $10,725,000 $228,191 $5,672 2.93%
    44% 46 $10,230,000 $222,391 $6,710 3.01%
    45% 45 $10,775,000 $239,444 $6,927 2.90%
    40% 43 $9,685,000 $225,233 $5,588 2.92%
    39% 40 $9,660,000 $241,500 $5,750 2.98%
    42% 39 $9,065,000 $232,436 $6,378 3.13%
    38% 39 $8,985,000 $230,385 $6,650 3.00%
    <20% 38 $9,710,000 $255,526 $3,644 2.93%
    37% 37 $7,725,000 $208,784 $6,000 2.92%
    47% 33 $7,125,000 $215,909 $6,514 3.02%
    43% 33 $7,605,000 $230,455 $6,051 3.04%
    49% 33 $7,885,000 $238,939 $7,755 2.90%
    46% 32 $6,710,000 $209,688 $5,708 2.87%
    36% 31 $7,215,000 $232,742 $5,901 3.00%
    48% 30 $7,080,000 $236,000 $6,508 2.98%
    >60% 2 $780,000 $390,000 $9,734 2.56%

    Home Solution Lenders lent most frequently to those with DTI ratios of 50-60%, with 173 originations. The next most common DTI ratio? 30-36%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 771 $179,505,000 $232,821 $6,034 2.95%
    Black 142 $33,150,000 $233,451 $7,541 3.00%
    Not provided 77 $17,105,000 $222,143 $6,099 2.67%
    American Indian 16 $3,560,000 $222,500 $6,236 2.88%
    Asian 11 $2,475,000 $225,000 $6,170 3.06%
    Asian Indian 7 $1,305,000 $186,429 $3,392 3.48%
    Native Hawaiian or Islander 2 $450,000 $225,000 $9,856 2.75%
    Other Asian 2 $350,000 $175,000 $5,551 2.88%
    Vietnamese 1 $265,000 $265,000 $4,253 2.50%
    Other Pacific Islander 1 $245,000 $245,000 $4,426 2.50%
    Chinese 1 $235,000 $235,000 $3,194 2.88%

    Approval Rates

    Total approvals of all applications
    90.22%

    Home Solution Lenders has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.14%

    Home Solution Lenders has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,031 $238,645,000 $231,469

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $280,000 $140,000
    Single Family (1-4 Units):Site-Built 1,029 $238,365,000 $231,647

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $530,000 $88,333 $3,118 2.90%
    40-60% 30 $5,390,000 $179,667 $2,789 2.95%
    60-80% 119 $27,705,000 $232,815 $3,638 3.16%
    80-100% 844 $197,180,000 $233,626 $6,647 2.92%
    Over 100% 27 $7,805,000 $289,074 $9,725 2.88%
    Under 20% 5 $35,000 $7,000 $0 1.00%