Inspire Home Loans Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493007VW2EU20PZYU97

Tax ID: 81-4312733

2.8 stars - out of 5 stars, based on 90 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Inspire Home Loans is a small mortgage company specializing in loans. Inspire Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Las Vegas, Denver, Atlanta, Riverside, and Stockton among others. We have data for 114 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Inspire Home Loans 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. Inspire Home Loans 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 7.00% 12/4/22
    30 Year Conventional Refi 6.93% 12/4/22
    30 Year Cash-out Refi 7.21% 12/4/22
    30 Year FHA Purchase 7.93% 12/4/22
    30 Year FHA Refi 7.55% 12/4/22
    30 Year VA Purchase 6.69% 12/4/22
    30 Year VA Refi 6.43% 12/4/22
    30 Year USDA Purchase 7.30% 12/4/22
    15 Year Conventional Purchase 6.29% 12/4/22
    15 Year Conventional Refi 6.34% 12/4/22
    15 Year Cash-out Refi 6.34% 12/4/22
    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.


    Originations

    8,091

    Origination Dollar Volume (All Markets)

    $2,712,605,000
    Show all (10) awards

    Relative Rate

    Inspire Home Loans's average 30 year fixed mortgage rate was 3.18%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.03%.

    Relative Fees (Closing Costs)

    Inspire Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $6,897.

    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 $4,750.

    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
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 773 $276,135,000 $357,225 $8,865 3.05%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 579 $255,525,000 $441,321 $6,175 3.07%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 766 $249,620,000 $325,875 $5,779 3.03%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 454 $162,520,000 $357,974 $8,910 3.28%
    STOCKTON, CA (FHA|USDA|VA) 225 $132,785,000 $590,156 $6,855 3.07%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 526 $122,810,000 $233,479 $6,466 3.23%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 468 $116,540,000 $249,017 $6,513 3.37%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 387 $110,715,000 $286,085 $6,120 3.23%
    FRESNO, CA (FHA|USDA|VA) 272 $105,600,000 $388,235 $6,270 3.07%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 333 $95,605,000 $287,102 $4,985 3.12%
    GREELEY, CO (FHA|USDA|VA) 205 $94,165,000 $459,341 $5,098 3.14%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 137 $90,205,000 $658,431 $7,181 3.04%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 171 $76,375,000 $446,637 $8,603 3.17%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 162 $65,600,000 $404,938 $9,042 3.05%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 203 $63,325,000 $311,946 $7,038 3.16%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 245 $61,185,000 $249,735 $7,349 3.23%
    GAINESVILLE, GA (FHA|USDA|VA) 117 $43,785,000 $374,231 $5,403 2.93%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 101 $40,655,000 $402,525 $7,726 3.02%
    EL CENTRO, CA (FHA|USDA|VA) 157 $39,275,000 $250,159 $8,289 3.43%
    PROVO-OREM, UT (FHA|USDA|VA) 97 $38,545,000 $397,371 $6,077 3.05%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 81 $38,265,000 $472,407 $6,514 3.23%
    SALT LAKE CITY, UT (FHA|USDA|VA) 78 $37,120,000 $475,897 $7,429 3.03%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 58 $36,570,000 $630,517 $10,756 2.97%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 46 $19,780,000 $430,000 $8,590 2.92%
    MERCED, CA (FHA|USDA|VA) 62 $19,540,000 $315,161 $6,906 3.32%
    RENO, NV (FHA|USDA|VA) 48 $19,280,000 $401,667 $3,515 3.10%
    SPARTANBURG, SC (FHA|USDA|VA) 77 $14,155,000 $183,831 $5,178 3.46%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 71 $14,145,000 $199,225 $5,873 3.43%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 80 $13,880,000 $173,500 $4,446 3.19%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 71 $13,155,000 $185,282 $6,118 3.32%
    Jefferson, GA (FHA|USDA|VA) 49 $12,995,000 $265,204 $7,269 3.10%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 63 $12,395,000 $196,746 $5,590 3.25%
    FLINT, MI (FHA|USDA|VA) 53 $11,585,000 $218,585 $5,310 3.28%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 50 $11,360,000 $227,200 $8,127 3.27%
    SALINAS, CA (FHA|USDA|VA) 17 $8,445,000 $496,765 $6,983 2.85%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 16 $8,280,000 $517,500 $9,844 2.95%
    VALLEJO, CA (FHA|USDA|VA) 18 $8,220,000 $456,667 $14,184 3.41%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 34 $6,600,000 $194,118 $6,271 3.15%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 31 $6,455,000 $208,226 $5,897 3.38%
    LaGrange, GA-AL (FHA|USDA|VA) 38 $6,360,000 $167,368 $6,112 3.17%
    WINSTON-SALEM, NC (FHA|USDA|VA) 32 $6,240,000 $195,000 $6,037 3.18%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 15 $6,235,000 $415,667 $12,284 3.49%
    Outside of Metro Areas 34 $6,030,000 $177,353 $4,743 3.25%
    Henderson, NC (FHA|USDA|VA) 25 $5,855,000 $234,200 $6,512 3.24%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 27 $5,815,000 $215,370 $5,981 3.64%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $5,725,000 $636,111 $12,353 2.85%
    SALEM, OR (FHA|USDA|VA) 18 $5,620,000 $312,222 $8,521 3.21%
    MODESTO, CA (FHA|USDA|VA) 15 $5,215,000 $347,667 $12,727 3.45%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 28 $4,870,000 $173,929 $4,541 3.10%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 22 $4,850,000 $220,455 $5,710 3.34%
    DALTON, GA (FHA|USDA|VA) 27 $4,815,000 $178,333 $5,672 3.24%
    BOULDER, CO (FHA|USDA|VA) 12 $4,680,000 $390,000 $5,117 3.16%
    MONROE, MI (FHA|USDA|VA) 18 $4,260,000 $236,667 $5,286 3.25%
    RALEIGH-CARY, NC (FHA|USDA|VA) 20 $4,110,000 $205,500 $4,192 3.32%
    BURLINGTON, NC (FHA|USDA|VA) 19 $3,765,000 $198,158 $5,698 3.35%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $3,560,000 $356,000 $9,414 3.11%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 18 $3,320,000 $184,444 $5,963 3.26%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 18 $3,160,000 $175,556 $5,416 3.44%
    ANN ARBOR, MI (FHA|USDA|VA) 11 $2,885,000 $262,273 $4,904 3.41%
    ROME, GA (FHA|USDA|VA) 17 $2,825,000 $166,176 $5,858 3.08%
    FLORENCE, SC (FHA|USDA|VA) 13 $2,635,000 $202,692 $5,334 3.29%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 15 $2,635,000 $175,667 $4,351 3.23%
    Calhoun, GA (FHA|USDA|VA) 14 $2,520,000 $180,000 $5,648 3.15%
    ROCKY MOUNT, NC (FHA|USDA|VA) 13 $2,445,000 $188,077 $6,000 3.36%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 11 $2,385,000 $216,818 $5,650 3.19%
    HINESVILLE, GA (FHA|USDA|VA) 12 $2,350,000 $195,833 $6,127 3.22%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 11 $2,295,000 $208,636 $5,779 3.19%
    Palatka, FL (FHA|USDA|VA) 12 $1,990,000 $165,833 $5,381 3.30%
    Marion, IN (FHA|USDA|VA) 13 $1,945,000 $149,615 $3,978 3.30%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 10 $1,910,000 $191,000 $4,843 3.34%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 8 $1,790,000 $223,750 $5,396 3.31%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $1,700,000 $212,500 $7,040 3.28%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 7 $1,675,000 $239,286 $5,129 2.98%
    BRUNSWICK, GA (FHA|USDA|VA) 8 $1,670,000 $208,750 $5,478 3.14%
    PUNTA GORDA, FL (FHA|USDA|VA) 9 $1,625,000 $180,556 $6,198 3.28%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,515,000 $216,429 $9,001 3.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,475,000 $210,714 $8,192 3.29%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 6 $1,340,000 $223,333 $5,900 3.38%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $1,300,000 $216,667 $6,332 3.19%
    CARSON CITY, NV (FHA|USDA|VA) 4 $1,290,000 $322,500 $2,608 3.28%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,220,000 $305,000 $5,566 3.19%
    GREENVILLE, NC (FHA|USDA|VA) 5 $1,105,000 $221,000 $5,320 3.28%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,030,000 $515,000 $17,773 3.50%
    New Castle, IN (FHA|USDA|VA) 6 $970,000 $161,667 $4,802 3.25%
    Washington Court House, OH (FHA|USDA|VA) 5 $965,000 $193,000 $5,923 3.33%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $955,000 $318,333 $8,289 3.29%
    MUNCIE, IN (FHA|USDA|VA) 6 $910,000 $151,667 $5,145 3.46%
    Fernley, NV (FHA|USDA|VA) 4 $900,000 $225,000 $3,630 3.25%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $860,000 $430,000 $7,211 3.81%
    LIMA, OH (FHA|USDA|VA) 5 $835,000 $167,000 $5,334 3.23%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $795,000 $159,000 $4,541 3.45%
    MADERA, CA (FHA|USDA|VA) 2 $780,000 $390,000 $5,588 2.69%
    TUCSON, AZ (FHA|USDA|VA) 2 $780,000 $390,000 $11,505 3.06%
    YUMA, AZ (FHA|USDA|VA) 3 $745,000 $248,333 $9,059 3.17%
    YUBA CITY, CA (FHA|USDA|VA) 2 $720,000 $360,000 $9,887 3.94%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $675,000 $675,000 $11,626 3.75%
    NAPA, CA (FHA|USDA|VA) 1 $615,000 $615,000 $16,669 2.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $610,000 $305,000 $9,314 3.38%
    Clearlake, CA (FHA|USDA|VA) 3 $575,000 $191,667 $5,787 3.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $3,293 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $545,000 $545,000 $7,582 3.63%
    Show Low, AZ (FHA|USDA|VA) 2 $530,000 $265,000 $4,582 2.94%
    Pella, IA (FHA|USDA|VA) 2 $430,000 $215,000 $2,986 3.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $370,000 $185,000 $4,931 3.06%
    COLUMBIA, SC (FHA|USDA|VA) 3 $365,000 $121,667 $4,121 3.08%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $355,000 $355,000 $10,127 2.75%
    Greeneville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $6,906 4.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $285,000 $285,000 $4,225 3.38%
    Newport, OR (FHA|USDA|VA) 1 $235,000 $235,000 $4,006 3.13%
    VALDOSTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,652 3.00%
    ABILENE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,330 4.50%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $145,000 $145,000 $6,591 2.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $5,354 3.00%
    Wilson, NC (FHA|USDA|VA) 1 $135,000 $135,000 $5,480 2.75%
    Inspire Home Loans's top markets include Las Vegas, Denver, Atlanta, Riverside, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    Monterey Credit Union
    Similarity Rank: 63
    Los Angeles Federal Credit Union
    Similarity Rank: 170
    Great Basin Federal Credit Union
    Similarity Rank: 348
    First Credit Union
    Similarity Rank: 378
    O BEE
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    CAROLINA FOOTHILLS
    Similarity Rank: 484
    AAXY L.L.C.
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    Piedmont Federal Savings Bank
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    CAPITAL PLUS FINANCIAL, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,249 $1,840,395,000 $350,618 $5,269 3.17%
    FHA 1,914 $540,100,000 $282,184 $9,826 3.24%
    VA 809 $306,245,000 $378,548 $9,861 2.90%
    USDA 119 $25,865,000 $217,353 $6,178 3.17%

    For 2021, Inspire Home Loans's most frequently originated type of loan was Conventional, with 5,249 originations. Their 2nd most popular type was FHA, with 1,914 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,582 $2,544,880,000 $335,648 $6,891 3.16%
    Refi 344 $112,970,000 $328,401 $5,402 3.02%
    Cash Out Refi 146 $48,780,000 $334,110 $6,345 3.43%
    Home Improvement 19 $5,975,000 $314,474 $7,284 3.37%

    For 2021, Inspire Home Loans's most frequently cited loan purpose was Home Purchase, with 7,582 originations. The 2nd most popular reason was Refi, with 344 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,803 $2,636,985,000 $337,945 $6,897 3.18%
    15 Year 228 $59,510,000 $261,009 $4,413 2.69%
    20 Year 42 $12,870,000 $306,429 $6,269 2.94%
    10 Year 14 $1,850,000 $132,143 $4,036 2.38%
    Other 4 $1,390,000 $347,500 $6,127 3.16%

    For 2021, Inspire Home Loans's most frequently cited loan duration was 30 Year, with 7,803 originations. The 2nd most popular length was 15 Year, with 228 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,463 $1,466,505,000 $328,592
    $2k-3k 1,116 $349,150,000 $312,858
    $5k+ 955 $403,035,000 $422,026
    $3k-4k 736 $247,210,000 $335,883
    $4k-5k 520 $183,720,000 $353,308
    $<1k 279 $57,265,000 $205,251

    Inspire Home Loans's average total fees were $6,897, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,463 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,527 $1,443,395,000 $318,841
    2.5-3% 2,933 $1,065,365,000 $363,234
    <2.5% 401 $141,925,000 $353,928
    4-5% 226 $60,760,000 $268,850
    5-6% 4 $1,160,000 $290,000

    During 2021, Inspire Home Loans's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 4,527 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,454 $1,313,330,000 $294,865 $6,875 3.18%
    $400k-600k 1,908 $908,560,000 $476,184 $7,694 3.11%
    $100k-200k 1,312 $222,330,000 $169,459 $4,968 3.26%
    $600k-1MM 339 $241,315,000 $711,844 $8,891 2.95%
    $100,000 or less 59 $4,575,000 $77,542 $3,318 2.99%
    $1MM+ 19 $22,495,000 $1,183,947 $7,200 3.05%

    2021 saw Inspire Home Loans place emphasis on $200k-400k loans with 4,454 originations, totaling $1,313,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,011 $541,835,000 $269,436 $7,127 3.17%
    $100k-150k 1,978 $760,660,000 $384,560 $6,833 3.16%
    $75k-100k 1,719 $588,135,000 $342,138 $7,538 3.14%
    $150k-250k 1,049 $456,005,000 $434,704 $6,329 3.18%
    $50k or less 851 $168,185,000 $197,632 $5,864 3.14%
    $250k+ 417 $171,925,000 $412,290 $5,776 3.33%

    Inspire Home Loans lent most frequently to those with incomes in the $50k-75k range, with 2,011 originations. The second most popular income band? $100k-150k, with 1,978 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,346 $474,780,000 $352,734 $6,171 3.15%
    20-30% 1,188 $406,530,000 $342,197 $5,541 3.12%
    50-60% 816 $253,080,000 $310,147 $9,918 3.15%
    44% 409 $135,165,000 $330,477 $7,154 3.20%
    49% 359 $115,685,000 $322,242 $7,233 3.17%
    43% 358 $119,080,000 $332,626 $6,848 3.21%
    41% 347 $118,685,000 $342,032 $6,829 3.19%
    40% 337 $114,495,000 $339,748 $6,399 3.17%
    42% 327 $111,655,000 $341,453 $6,667 3.18%
    39% 324 $109,120,000 $336,790 $6,271 3.22%
    38% 299 $102,175,000 $341,722 $6,249 3.19%
    36% 292 $98,180,000 $336,233 $6,643 3.19%
    <20% 289 $83,025,000 $287,284 $4,888 3.13%
    37% 288 $99,190,000 $344,410 $6,504 3.16%
    45% 280 $95,090,000 $339,607 $8,012 3.16%
    48% 274 $89,720,000 $327,445 $7,313 3.17%
    46% 273 $92,275,000 $338,004 $7,275 3.17%
    47% 257 $82,755,000 $322,004 $7,211 3.19%
    >60% 25 $11,065,000 $442,600 $11,350 2.86%

    Inspire Home Loans lent most frequently to those with DTI ratios of 30-36%, with 1,346 originations. The next most common DTI ratio? 20-30%, with 1,188 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,140 $1,358,380,000 $328,111 $6,885 3.16%
    Asian 1,231 $488,105,000 $396,511 $6,132 3.17%
    Not provided 1,076 $349,220,000 $324,554 $6,941 3.18%
    Black 1,114 $319,320,000 $286,643 $7,460 3.16%
    Asian Indian 245 $99,205,000 $404,918 $5,380 3.20%
    American Indian 114 $36,880,000 $323,509 $6,983 3.20%
    Filipino 50 $18,990,000 $379,800 $7,943 3.01%
    Other Asian 32 $11,930,000 $372,813 $6,002 3.08%
    Chinese 30 $9,150,000 $305,000 $5,084 3.23%
    Native Hawaiian or Islander 22 $7,650,000 $347,727 $9,294 3.15%
    Korean 13 $4,285,000 $329,615 $3,832 3.12%
    Other Pacific Islander 11 $4,195,000 $381,364 $9,812 2.97%
    Vietnamese 10 $4,060,000 $406,000 $7,808 3.19%
    Guamanian 3 $1,235,000 $411,667 $12,934 2.75%

    Approval Rates

    Total approvals of all applications
    96.39%

    Inspire Home Loans 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
    75.07%

    Inspire Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,091 $2,712,605,000 $335,262

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,091 $2,712,605,000 $335,262

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $28,645,000 $165,578 $4,203 2.94%
    40-60% 374 $109,240,000 $292,086 $4,838 3.01%
    60-80% 1,925 $669,515,000 $347,800 $5,565 3.24%
    80-100% 5,258 $1,770,000,000 $336,630 $6,988 3.17%
    Over 100% 342 $132,990,000 $388,860 $14,942 2.89%
    Under 20% 18 $1,720,000 $95,556 $3,404 2.84%