Inspire Home Loans Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493007VW2EU20PZYU97
Tax ID: 81-4312733
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Mortgage Data
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 include Las Vegas, Denver, Atlanta, Riverside, and Stockton among others. Inspire Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Inspire Home Loans is typically a high fee lendor.Originations
8,091Origination Dollar Volume (All Markets)
$2,712,605,000Awards
INSPIRE HOME LOANS - 2021
INSPIRE HOME LOANS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Inspire Home Loans 's average 30 year fixed rate mortgage of loans were
3.18%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.03%.
Relative Fees
Inspire Home Loans 's average total fees for a 30 year fixed rate
mortgage are $6,897.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Inspire Home Loans 's most frequently originated loan type of loans were Conventional, with 5,249 originations. Their 2nd most popular type is FHA, with 1,914 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Inspire Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 7,582 originations. The 2nd most popular reason of loans were 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 the 2021, Inspire Home Loans 's most frequently cited loan length of loans were 30 Year, with 7,803 originations. The 2nd most popular length of loans were 15 Year, with 228 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 4,463 | $1,466,505,000 | $328,592 |
| $3k-4k | 1,256 | $430,930,000 | $343,097 |
| $2k-3k | 1,116 | $349,150,000 | $312,858 |
| $5k+ | 955 | $403,035,000 | $422,026 |
| $<1k | 279 | $57,265,000 | $205,251 |
$6,897 of loans were Inspire Home Loans 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.18%, while their most frequently originated rate bucket of loans were 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 | 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 applications94.76%
Inspire Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination73.48%
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% |
