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

2021 Data | 2020 Data | 2019 Data | 2018 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

8,091

Origination Dollar Volume (All Markets)

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

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 applications
94.76%

Inspire Home Loans has an average approval rate.

Pick Rate

Approvals leading to origination
73.48%

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%