Inspire Home Loans Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493007VW2EU20PZYU97
Tax ID: 81-4312733
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Mortgage Data
Review & Overview
Inspire Home Loans is a small mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Inspire Home Loans has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Las Vegas, Atlanta, Denver, Phoenix, and Houston among others. We have data for 102 markets. (Some data included below & more in-depth data is available with an active subscription.)Inspire Home Loans 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. Inspire Home Loans 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.47% | 4/17/25 |
| 30 Year Conventional Refi | 6.46% | 4/17/25 |
| 30 Year Cash-out Refi | 6.72% | 4/17/25 |
| 30 Year FHA Purchase | 6.08% | 4/17/25 |
| 30 Year VA Purchase | 5.45% | 4/17/25 |
| 30 Year VA Refi | 5.71% | 4/17/25 |
| 30 Year USDA Purchase | 5.95% | 4/17/25 |
| 15 Year Conventional Purchase | 5.56% | 4/17/25 |
| 15 Year FHA Purchase | 5.65% | 4/17/25 |
| 15 Year VA Purchase | 4.84% | 4/17/25 |
| 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. | ||
Inspire Home Loans Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Inspire Home Loans. 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
7,048Origination Dollar Volume (All Markets)
$2,552,730,000Awards
INSPIRE HOME LOANS - 2024
INSPIRE HOME LOANS is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Inspire Home Loans's average 30 year fixed mortgage rate was
5.62%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.93%.
Relative Fees (Closing Costs)
Inspire Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,421.
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 |
|---|---|---|---|---|---|
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 491 | $213,565,000 | $434,959 | $7,890 | 5.70% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 554 | $213,140,000 | $384,729 | $6,908 | 6.48% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 379 | $201,855,000 | $532,599 | $7,812 | 5.40% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 549 | $187,325,000 | $341,211 | $10,018 | 5.37% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 505 | $133,585,000 | $264,525 | $8,301 | 5.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 195 | $128,115,000 | $657,000 | $8,564 | 6.08% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 350 | $103,170,000 | $294,771 | $9,751 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 288 | $92,530,000 | $321,285 | $9,497 | 5.28% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 226 | $89,280,000 | $395,044 | $9,059 | 5.60% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 216 | $73,090,000 | $338,380 | $8,848 | 5.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 143 | $68,585,000 | $479,615 | $9,806 | 5.49% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 168 | $53,670,000 | $319,464 | $9,965 | 5.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 163 | $53,195,000 | $326,350 | $7,882 | 5.90% |
| GREELEY, CO (FHA|USDA|VA) | 94 | $52,450,000 | $557,979 | $6,573 | 5.47% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 85 | $43,595,000 | $512,882 | $8,506 | 6.38% |
| FRESNO, CA (FHA|USDA|VA) | 93 | $37,945,000 | $408,011 | $10,109 | 5.31% |
| BOULDER, CO (FHA|USDA|VA) | 56 | $37,180,000 | $663,929 | $4,901 | 5.84% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 57 | $30,955,000 | $543,070 | $8,560 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 119 | $27,275,000 | $229,202 | $6,975 | 6.09% |
| VISALIA, CA (FHA|USDA|VA) | 60 | $22,790,000 | $379,833 | $10,746 | 5.32% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 41 | $22,185,000 | $541,098 | $8,314 | 5.85% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 54 | $21,580,000 | $399,630 | $11,030 | 5.27% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 30 | $21,280,000 | $709,333 | $9,887 | 5.66% |
| VALLEJO, CA (FHA|USDA|VA) | 36 | $21,270,000 | $590,833 | $11,597 | 5.92% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 92 | $20,970,000 | $227,935 | $6,674 | 5.57% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 42 | $20,960,000 | $499,048 | $12,011 | 5.58% |
| FLORENCE, SC (FHA|USDA|VA) | 93 | $20,285,000 | $218,118 | $8,235 | 5.83% |
| MERCED, CA (FHA|USDA|VA) | 47 | $20,205,000 | $429,894 | $8,238 | 5.98% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 87 | $20,085,000 | $230,862 | $6,888 | 5.89% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 31 | $19,585,000 | $631,774 | $8,830 | 6.14% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 41 | $18,315,000 | $446,707 | $9,887 | 5.11% |
| Outside of Metro Areas | 84 | $18,230,000 | $217,024 | $7,188 | 5.34% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 64 | $17,730,000 | $277,031 | $9,158 | 5.04% |
| GAINESVILLE, GA (FHA|USDA|VA) | 47 | $16,475,000 | $350,532 | $6,503 | 6.89% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 61 | $16,305,000 | $267,295 | $6,744 | 6.03% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 31 | $16,075,000 | $518,548 | $13,276 | 5.70% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 58 | $14,790,000 | $255,000 | $6,896 | 5.43% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 50 | $14,530,000 | $290,600 | $8,575 | 5.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 60 | $14,220,000 | $237,000 | $7,715 | 5.61% |
| THE VILLAGES, FL (FHA|USDA|VA) | 52 | $13,610,000 | $261,731 | $8,789 | 5.64% |
| PROVO-OREM, UT (FHA|USDA|VA) | 24 | $13,080,000 | $545,000 | $9,657 | 5.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 54 | $12,570,000 | $232,778 | $6,430 | 5.96% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 43 | $12,445,000 | $289,419 | $7,879 | 5.48% |
| FORT COLLINS, CO (FHA|USDA|VA) | 25 | $12,295,000 | $491,800 | $6,339 | 5.62% |
| SPARTANBURG, SC (FHA|USDA|VA) | 52 | $11,520,000 | $221,538 | $7,378 | 5.61% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 41 | $11,275,000 | $275,000 | $8,794 | 5.77% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 37 | $11,155,000 | $301,486 | $7,709 | 5.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 37 | $10,945,000 | $295,811 | $8,836 | 5.77% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 16 | $9,790,000 | $611,875 | $8,493 | 6.47% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 40 | $9,460,000 | $236,500 | $7,445 | 5.85% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 34 | $9,340,000 | $274,706 | $8,892 | 5.64% |
| GREENVILLE, NC (FHA|USDA|VA) | 39 | $8,865,000 | $227,308 | $8,348 | 5.70% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $8,800,000 | $550,000 | $10,993 | 6.55% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 28 | $8,370,000 | $298,929 | $8,208 | 5.03% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 38 | $8,350,000 | $219,737 | $6,853 | 5.47% |
| FLINT, MI (FHA|USDA|VA) | 25 | $7,895,000 | $315,800 | $8,721 | 5.91% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 28 | $7,780,000 | $277,857 | $7,745 | 5.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 27 | $7,325,000 | $271,296 | $7,420 | 5.94% |
| OCALA, FL (FHA|USDA|VA) | 31 | $7,145,000 | $230,484 | $7,564 | 5.48% |
| Union, SC (FHA|USDA|VA) | 32 | $6,720,000 | $210,000 | $6,745 | 5.26% |
| MADERA, CA (FHA|USDA|VA) | 16 | $6,620,000 | $413,750 | $10,119 | 5.47% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 24 | $6,340,000 | $264,167 | $9,304 | 5.26% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 24 | $6,130,000 | $255,417 | $7,949 | 5.43% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 23 | $5,945,000 | $258,478 | $6,264 | 5.17% |
| SAVANNAH, GA (FHA|USDA|VA) | 20 | $5,730,000 | $286,500 | $7,836 | 5.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 22 | $5,610,000 | $255,000 | $7,396 | 5.80% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 24 | $5,220,000 | $217,500 | $5,773 | 5.41% |
| St. Marys, GA (FHA|USDA|VA) | 17 | $4,885,000 | $287,353 | $8,321 | 5.40% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 16 | $4,250,000 | $265,625 | $6,490 | 5.22% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 16 | $4,100,000 | $256,250 | $7,157 | 5.27% |
| Gaffney, SC (FHA|USDA|VA) | 18 | $4,020,000 | $223,333 | $7,163 | 5.86% |
| Palatka, FL (FHA|USDA|VA) | 18 | $4,010,000 | $222,778 | $7,966 | 5.84% |
| MONROE, MI (FHA|USDA|VA) | 13 | $3,875,000 | $298,077 | $9,153 | 6.21% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 18 | $3,660,000 | $203,333 | $5,405 | 5.67% |
| Clewiston, FL (FHA|USDA|VA) | 14 | $3,640,000 | $260,000 | $8,433 | 5.62% |
| NILES, MI (FHA|USDA|VA) | 13 | $3,425,000 | $263,462 | $7,962 | 5.73% |
| Shelby, NC (FHA|USDA|VA) | 14 | $3,410,000 | $243,571 | $8,675 | 6.04% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 15 | $3,375,000 | $225,000 | $5,216 | 6.28% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 16 | $3,350,000 | $209,375 | $7,034 | 4.82% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 11 | $3,175,000 | $288,636 | $9,743 | 5.45% |
| BRUNSWICK, GA (FHA|USDA|VA) | 12 | $2,900,000 | $241,667 | $6,901 | 5.85% |
| Albertville, AL (FHA|USDA|VA) | 12 | $2,670,000 | $222,500 | $6,424 | 5.86% |
| LAFAYETTE, LA (FHA|USDA|VA) | 13 | $2,625,000 | $201,923 | $6,911 | 5.18% |
| Seneca, SC (FHA|USDA|VA) | 10 | $2,520,000 | $252,000 | $6,158 | 5.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $2,400,000 | $600,000 | $4,454 | 6.19% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $8,336 | 5.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $7,644 | 5.92% |
| Huntsville, TX (FHA|USDA|VA) | 9 | $1,945,000 | $216,111 | $6,977 | 5.56% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $11,181 | 4.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 7 | $1,785,000 | $255,000 | $5,822 | 5.64% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $9,204 | 5.45% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 7 | $1,615,000 | $230,714 | $9,796 | 5.71% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $7,687 | 6.06% |
| BURLINGTON, NC (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $6,037 | 5.40% |
| LaGrange, GA-AL (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $7,127 | 5.19% |
| Toccoa, GA (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $7,176 | 5.56% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $8,446 | 5.54% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $12,940 | 4.50% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,276 | 6.46% |
| Scottsburg, IN (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $6,086 | 5.56% |
| Jasper, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,330 | 5.25% |
| Dublin, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,430 | 4.88% |
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.
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Product Mix
For 2024, Inspire Home Loans's most frequently originated type of loan was FHA, with 3,283 originations. Their 2nd most popular type was Conventional, with 2,559 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7,044 | $2,551,350,000 | $362,202 | $8,401 | 5.62% |
| Refi | 4 | $1,380,000 | $345,000 | $4,208 | 5.78% |
For 2024, Inspire Home Loans's most frequently cited loan purpose was Home Purchase, with 7,044 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2024, Inspire Home Loans's most frequently cited loan duration was 30 Year, with 7,005 originations. The 2nd most popular length was 15 Year, with 42 originations.
Origination Fees/Closing Costs
Inspire Home Loans's average total fees were $8,421, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,880 originations.
Interest Rates
During 2024, Inspire Home Loans's average interest rate for loans was 5.62%, while their most frequently originated rate bucket for loans was 5-6%, with 2,862 originations.
Loan Sizing
2024 saw Inspire Home Loans place emphasis on $200k-400k loans with 4,293 originations, totaling $1,256,195,000 in origination value.
Applicant Income
Inspire Home Loans lent most frequently to those with incomes in the $100k-150k range, with 2,108 originations. The second most popular income band? $75k-100k, with 1,551 originations.
Applicant Debt to Income Ratio
Inspire Home Loans lent most frequently to those with DTI ratios of 50-60%, with 1,527 originations. The next most common DTI ratio? 30-36%, with 911 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.03%
Inspire Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination74.50%
Inspire Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,048 | $2,552,730,000 | $362,192 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,048 | $2,552,730,000 | $362,192 |