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. 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: Atlanta, Denver, Las Vegas, Fresno, and Houston among others. We have data for 97 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.51% | 6/7/23 |
| 30 Year Conventional Refi | 6.66% | 6/7/23 |
| 30 Year Cash-out Refi | 6.64% | 6/7/23 |
| 30 Year FHA Purchase | 7.07% | 6/7/23 |
| 30 Year FHA Refi | 6.57% | 6/7/23 |
| 30 Year VA Purchase | 5.98% | 6/7/23 |
| 30 Year USDA Purchase | 6.83% | 6/7/23 |
| 15 Year Conventional Purchase | 6.12% | 6/7/23 |
| 15 Year Conventional Refi | 5.53% | 6/7/23 |
| 15 Year Cash-out Refi | 5.53% | 6/7/23 |
| 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
5,692Origination Dollar Volume (All Markets)
$2,051,400,000Awards
INSPIRE HOME LOANS - 2022
INSPIRE HOME LOANS is a 2022 , due to their low .
For 2022, 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
4.94%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Inspire Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,524.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 642 | $237,690,000 | $370,234 | $9,144 | 5.26% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 413 | $215,465,000 | $521,707 | $8,265 | 4.94% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 464 | $191,630,000 | $412,996 | $12,191 | 4.66% |
| FRESNO, CA (FHA|USDA|VA) | 326 | $138,250,000 | $424,080 | $9,522 | 4.70% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 446 | $123,650,000 | $277,242 | $7,742 | 4.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 425 | $123,645,000 | $290,929 | $9,540 | 5.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 170 | $83,760,000 | $492,706 | $14,180 | 4.58% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 249 | $80,165,000 | $321,948 | $9,815 | 4.98% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 259 | $72,695,000 | $280,676 | $6,711 | 4.84% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 188 | $52,300,000 | $278,191 | $9,481 | 5.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 83 | $49,975,000 | $602,108 | $15,221 | 4.73% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 103 | $49,295,000 | $478,592 | $15,203 | 4.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 146 | $47,720,000 | $326,849 | $9,110 | 4.94% |
| PROVO-OREM, UT (FHA|USDA|VA) | 76 | $41,120,000 | $541,053 | $10,000 | 4.68% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 94 | $41,000,000 | $436,170 | $10,570 | 4.82% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 60 | $39,010,000 | $650,167 | $12,072 | 4.24% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 65 | $36,665,000 | $564,077 | $10,373 | 4.27% |
| STOCKTON, CA (FHA|USDA|VA) | 49 | $30,585,000 | $624,184 | $11,164 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 58 | $29,040,000 | $500,690 | $8,611 | 5.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 48 | $24,490,000 | $510,208 | $13,286 | 4.80% |
| MADERA, CA (FHA|USDA|VA) | 63 | $23,675,000 | $375,794 | $10,844 | 4.80% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 93 | $20,715,000 | $222,742 | $7,681 | 5.43% |
| MERCED, CA (FHA|USDA|VA) | 53 | $20,595,000 | $388,585 | $8,739 | 4.58% |
| SPARTANBURG, SC (FHA|USDA|VA) | 88 | $19,050,000 | $216,477 | $7,653 | 5.21% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 68 | $17,180,000 | $252,647 | $8,302 | 5.02% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 59 | $11,955,000 | $202,627 | $8,113 | 4.94% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 50 | $11,640,000 | $232,800 | $8,663 | 5.37% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 21 | $10,125,000 | $482,143 | $11,325 | 5.18% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 31 | $9,365,000 | $302,097 | $10,229 | 5.07% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 35 | $8,905,000 | $254,429 | $7,972 | 5.39% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 39 | $8,725,000 | $223,718 | $8,139 | 5.46% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 34 | $8,720,000 | $256,471 | $8,285 | 5.51% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 32 | $8,310,000 | $259,688 | $8,651 | 4.97% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 18 | $8,080,000 | $448,889 | $11,528 | 4.33% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 29 | $6,535,000 | $225,345 | $7,543 | 4.52% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 25 | $6,325,000 | $253,000 | $9,524 | 5.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 22 | $6,100,000 | $277,273 | $7,444 | 5.50% |
| Outside of Metro Areas | 28 | $6,060,000 | $216,429 | $7,361 | 4.83% |
| FLORENCE, SC (FHA|USDA|VA) | 29 | $6,005,000 | $207,069 | $8,671 | 5.08% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 25 | $5,635,000 | $225,400 | $7,704 | 4.87% |
| LaGrange, GA-AL (FHA|USDA|VA) | 22 | $5,550,000 | $252,273 | $10,979 | 5.22% |
| FLINT, MI (FHA|USDA|VA) | 21 | $4,985,000 | $237,381 | $8,217 | 5.24% |
| Henderson, NC (FHA|USDA|VA) | 19 | $4,835,000 | $254,474 | $7,104 | 4.99% |
| Jefferson, GA (FHA|USDA|VA) | 14 | $4,830,000 | $345,000 | $7,113 | 4.05% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 16 | $4,230,000 | $264,375 | $9,452 | 5.14% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $3,730,000 | $466,250 | $9,759 | 5.80% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 16 | $3,650,000 | $228,125 | $7,840 | 5.06% |
| EL CENTRO, CA (FHA|USDA|VA) | 13 | $3,625,000 | $278,846 | $8,871 | 3.79% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 15 | $3,575,000 | $238,333 | $7,663 | 4.87% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 13 | $3,425,000 | $263,462 | $8,408 | 5.29% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 16 | $3,410,000 | $213,125 | $6,760 | 5.32% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 16 | $3,360,000 | $210,000 | $6,426 | 5.55% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 13 | $3,285,000 | $252,692 | $10,170 | 4.37% |
| THE VILLAGES, FL (FHA|USDA|VA) | 13 | $3,255,000 | $250,385 | $7,955 | 5.51% |
| Shelby, NC (FHA|USDA|VA) | 13 | $3,125,000 | $240,385 | $8,555 | 4.86% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 13 | $3,035,000 | $233,462 | $6,877 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 13 | $2,985,000 | $229,615 | $7,973 | 5.14% |
| COLUMBUS, OH (FHA|USDA|VA) | 12 | $2,900,000 | $241,667 | $7,909 | 4.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 15 | $2,895,000 | $193,000 | $7,379 | 4.66% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $2,805,000 | $255,000 | $7,181 | 6.32% |
| Scottsburg, IN (FHA|USDA|VA) | 14 | $2,760,000 | $197,143 | $5,326 | 5.49% |
| Huntsville, TX (FHA|USDA|VA) | 12 | $2,710,000 | $225,833 | $7,448 | 5.28% |
| LOUISVILLE, KY (FHA|USDA|VA) | 10 | $2,580,000 | $258,000 | $6,546 | 5.07% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 12 | $2,580,000 | $215,000 | $7,692 | 5.74% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 10 | $2,390,000 | $239,000 | $10,745 | 5.10% |
| ANN ARBOR, MI (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $8,655 | 5.05% |
| GAINESVILLE, FL (FHA|USDA|VA) | 9 | $2,165,000 | $240,556 | $7,718 | 5.53% |
| BURLINGTON, NC (FHA|USDA|VA) | 7 | $2,085,000 | $297,857 | $8,743 | 4.98% |
| GREENVILLE, NC (FHA|USDA|VA) | 8 | $2,080,000 | $260,000 | $7,280 | 4.86% |
| DALTON, GA (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $7,188 | 4.80% |
| Palatka, FL (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $6,501 | 5.15% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $1,900,000 | $237,500 | $7,025 | 5.47% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $11,732 | 5.92% |
| Richmond, IN (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $6,354 | 5.32% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $8,399 | 4.65% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $9,479 | 5.67% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $7,870 | 4.56% |
| Lake City, FL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $9,656 | 5.22% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $14,446 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $6,179 | 5.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $8,893 | 6.00% |
| Kinston, NC (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $5,666 | 6.09% |
| Connersville, IN (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $6,127 | 4.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $8,845 | 6.29% |
| Georgetown, SC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,118 | 6.46% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $15,085 | 3.50% |
| Seneca, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $10,753 | 5.94% |
| Bay City, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $11,145 | 5.13% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,442 | 5.62% |
| GADSDEN, AL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,692 | 5.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,085 | 4.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,698 | 5.38% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,171 | 4.99% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,204 | 4.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,228 | 6.13% |
| RENO, NV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,646 | 4.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,688 | 4.88% |
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Product Mix
For 2022, Inspire Home Loans's most frequently originated type of loan was Conventional, with 3,414 originations. Their 2nd most popular type was FHA, with 1,452 originations.
Loan Reason
For 2022, Inspire Home Loans's most frequently cited loan purpose was Home Purchase, with 5,678 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2022, Inspire Home Loans's most frequently cited loan duration was 30 Year, with 5,599 originations. The 2nd most popular length was 15 Year, with 83 originations.
Origination Fees/Closing Costs
Inspire Home Loans's average total fees were $9,524, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,294 originations.
Interest Rates
During 2022, Inspire Home Loans's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 2,040 originations.
Loan Sizing
2022 saw Inspire Home Loans place emphasis on $200k-400k loans with 3,187 originations, totaling $927,245,000 in origination value.
Applicant Income
Inspire Home Loans lent most frequently to those with incomes in the $100k-150k range, with 1,698 originations. The second most popular income band? $75k-100k, with 1,287 originations.
Applicant Debt to Income Ratio
Inspire Home Loans lent most frequently to those with DTI ratios of 50-60%, with 811 originations. The next most common DTI ratio? 30-36%, with 798 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.13%
Inspire Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination51.19%
Inspire Home Loans 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 | 5,692 | $2,051,400,000 | $360,401 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,692 | $2,051,400,000 | $360,401 |