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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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, Orlando, Tampa, Ocala, and Jacksonville among others. We have data for 15 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% 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






    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

    1,216

    Origination Dollar Volume (All Markets)

    $310,890,000
    Show all (14) 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) 759 $191,075,000 $251,746 $6,608 2.89%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 140 $38,910,000 $277,929 $7,148 2.76%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 120 $31,150,000 $259,583 $6,918 2.85%
    OCALA, FL (FHA|USDA|VA) 86 $19,740,000 $229,535 $5,624 2.89%
    JACKSONVILLE, FL (FHA|USDA|VA) 29 $10,335,000 $356,379 $5,565 3.07%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 32 $8,410,000 $262,813 $6,854 2.81%
    Outside of Metro Areas 24 $5,630,000 $234,583 $6,657 3.06%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 13 $2,745,000 $211,154 $6,411 3.08%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $7,361 2.81%
    Wauchula, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,877 2.69%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $3,250 3.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $310,000 $155,000 $6,753 2.69%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $290,000 $145,000 $3,009 3.38%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,052 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $9,746 3.25%
    Home Solution Lenders's top markets include Lakeland, Orlando, Tampa, Ocala, and Jacksonville among others.

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

    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1048
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    SAN ANTONIO CITIZENS
    Similarity Rank: 1792
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1974
    Citizens First Bank
    Similarity Rank: 2128
    Brannen Bank
    Similarity Rank: 2802
    FLORIDA
    Similarity Rank: 2926
    BANKERS MORTGAGE LENDING, INC.
    Similarity Rank: 3195
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 3534
    ADDITION FINANCIAL
    Similarity Rank: 3536

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 522 $133,110,000 $255,000 $8,832 2.76%
    Conventional 475 $117,355,000 $247,063 $4,285 3.09%
    VA 137 $40,345,000 $294,489 $6,146 2.72%
    USDA 82 $20,080,000 $244,878 $6,583 2.66%

    For 2021, Home Solution Lenders's most frequently originated type of loan was FHA, with 522 originations. Their 2nd most popular type was Conventional, with 475 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,165 $298,665,000 $256,365 $6,695 2.88%
    Refi 28 $6,990,000 $249,643 $3,995 2.90%
    Cash Out Refi 22 $5,230,000 $237,727 $4,894 3.05%
    Other 1 $5,000 $5,000 $0 0.00%

    For 2021, Home Solution Lenders's most frequently cited loan purpose was Home Purchase, with 1,165 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,152 $293,440,000 $254,722 $6,573 2.87%
    30+ year 33 $9,445,000 $286,212 $8,147 3.38%
    15 Year 20 $4,220,000 $211,000 $4,855 2.56%
    Other 9 $3,295,000 $366,111 $8,157 3.32%
    10 Year 1 $265,000 $265,000 $3,342 2.00%
    20 Year 1 $225,000 $225,000 $11,328 2.75%

    For 2021, Home Solution Lenders's most frequently cited loan duration was 30 Year, with 1,152 originations. The 2nd most popular length was 30+ year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 360 $84,950,000 $235,972
    $2k-3k 322 $79,100,000 $245,652
    $3k-4k 225 $60,165,000 $267,400
    $4k-5k 120 $33,350,000 $277,917
    $<1k 105 $28,755,000 $273,857
    $5k+ 82 $24,030,000 $293,049

    Home Solution Lenders's average total fees were $6,573, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 360 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 615 $155,255,000 $252,447
    3-4% 345 $89,415,000 $259,174
    <2.5% 248 $64,440,000 $259,839
    4-5% 8 $1,780,000 $222,500

    During 2021, Home Solution Lenders's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was 2.5-3%, with 615 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,040 $273,570,000 $263,048 $6,894 2.85%
    $100k-200k 143 $23,995,000 $167,797 $4,260 3.04%
    $400k-600k 27 $12,865,000 $476,481 $8,335 3.08%
    $100,000 or less 6 $460,000 $76,667 $3,258 2.35%

    2021 saw Home Solution Lenders place emphasis on $200k-400k loans with 1,040 originations, totaling $273,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 495 $121,665,000 $245,788 $6,667 2.81%
    $75k-100k 308 $81,100,000 $263,312 $6,905 2.92%
    $100k-150k 198 $56,740,000 $286,566 $6,235 2.98%
    $50k or less 137 $28,615,000 $208,869 $6,247 2.77%
    $150k-250k 57 $16,405,000 $287,807 $7,059 3.04%
    $250k+ 21 $6,365,000 $303,095 $5,099 3.29%

    Home Solution Lenders lent most frequently to those with incomes in the $50k-75k range, with 495 originations. The second most popular income band? $75k-100k, with 308 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 204 $51,390,000 $251,912 $5,595 2.94%
    20-30% 186 $47,420,000 $254,946 $5,481 2.95%
    50-60% 168 $42,740,000 $254,405 $8,176 2.76%
    37% 56 $14,740,000 $263,214 $6,069 2.97%
    44% 54 $13,270,000 $245,741 $6,723 2.92%
    42% 54 $14,160,000 $262,222 $6,862 2.89%
    39% 52 $13,650,000 $262,500 $6,701 2.83%
    43% 52 $13,880,000 $266,923 $7,143 2.88%
    41% 50 $12,760,000 $255,200 $6,417 2.80%
    45% 47 $12,355,000 $262,872 $6,797 2.82%
    36% 39 $9,555,000 $245,000 $6,070 2.81%
    <20% 38 $9,320,000 $245,263 $5,434 2.98%
    38% 38 $9,730,000 $256,053 $6,749 2.92%
    46% 37 $9,345,000 $252,568 $7,916 2.80%
    49% 37 $9,175,000 $247,973 $7,343 2.86%
    40% 36 $9,740,000 $270,556 $7,060 2.95%
    47% 34 $9,010,000 $265,000 $8,328 2.77%
    48% 29 $7,295,000 $251,552 $8,190 2.71%
    >60% 5 $1,355,000 $271,000 $4,059 2.83%

    Home Solution Lenders lent most frequently to those with DTI ratios of 30-36%, with 204 originations. The next most common DTI ratio? 20-30%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 794 $203,250,000 $255,982 $6,483 2.89%
    Not provided 208 $51,700,000 $248,558 $6,657 2.84%
    Black 168 $44,590,000 $265,417 $7,353 2.85%
    Asian 26 $6,370,000 $245,000 $5,018 2.84%
    American Indian 11 $2,985,000 $271,364 $7,044 2.86%
    Other Pacific Islander 4 $950,000 $237,500 $7,528 2.91%
    Asian Indian 4 $840,000 $210,000 $4,413 4.00%
    Other Asian 1 $205,000 $205,000 $2,987 3.13%

    Approval Rates

    Total approvals of all applications
    96.97%

    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
    89.64%

    Home Solution Lenders has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,216 $310,890,000 $255,666

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,216 $310,890,000 $255,666

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,495,000 $115,000 $3,341 2.95%
    40-60% 29 $5,245,000 $180,862 $4,228 2.85%
    60-80% 153 $34,765,000 $227,222 $4,221 3.09%
    80-100% 975 $255,825,000 $262,385 $6,900 2.85%
    Over 100% 45 $13,555,000 $301,222 $10,679 2.77%
    Under 20% 1 $5,000 $5,000 $0 0.00%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HomeKey Lending, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%