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, Los Angeles, and Riverside among others. We have data for 120 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.51% | 11/17/24 |
| 30 Year Conventional Refi | 6.66% | 11/17/24 |
| 30 Year Cash-out Refi | 6.64% | 11/17/24 |
| 30 Year FHA Purchase | 7.07% | 11/17/24 |
| 30 Year FHA Refi | 6.57% | 11/17/24 |
| 30 Year VA Purchase | 5.98% | 11/17/24 |
| 30 Year USDA Purchase | 6.83% | 11/17/24 |
| 15 Year Conventional Purchase | 6.12% | 11/17/24 |
| 15 Year Conventional Refi | 5.53% | 11/17/24 |
| 15 Year Cash-out Refi | 5.53% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,653Origination Dollar Volume (All Markets)
$2,044,875,000Awards
INSPIRE HOME LOANS - 2020
INSPIRE HOME LOANS is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 865 | $255,005,000 | $294,803 | $5,625 | 3.12% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 571 | $223,415,000 | $391,270 | $5,342 | 3.07% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 574 | $187,720,000 | $327,038 | $8,178 | 3.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 267 | $116,265,000 | $435,449 | $8,426 | 3.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 338 | $104,800,000 | $310,059 | $8,034 | 3.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 430 | $89,300,000 | $207,674 | $5,544 | 3.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 355 | $86,945,000 | $244,915 | $6,125 | 3.15% |
| FRESNO, CA (FHA|USDA|VA) | 236 | $82,790,000 | $350,805 | $5,858 | 3.04% |
| GREELEY, CO (FHA|USDA|VA) | 171 | $65,845,000 | $385,058 | $6,545 | 3.15% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 234 | $62,320,000 | $266,325 | $4,848 | 3.16% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 266 | $59,410,000 | $223,346 | $5,502 | 3.12% |
| STOCKTON, CA (FHA|USDA|VA) | 122 | $56,030,000 | $459,262 | $6,619 | 3.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 146 | $47,040,000 | $322,192 | $6,803 | 3.07% |
| PROVO-OREM, UT (FHA|USDA|VA) | 132 | $45,540,000 | $345,000 | $5,406 | 3.02% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 78 | $43,540,000 | $558,205 | $8,607 | 3.03% |
| SALINAS, CA (FHA|USDA|VA) | 83 | $41,095,000 | $495,120 | $7,967 | 3.27% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 63 | $34,885,000 | $553,730 | $9,055 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 99 | $34,075,000 | $344,192 | $7,266 | 3.02% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 149 | $33,745,000 | $226,477 | $7,009 | 3.04% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 82 | $31,910,000 | $389,146 | $5,708 | 3.18% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 84 | $30,290,000 | $360,595 | $7,084 | 3.05% |
| GAINESVILLE, GA (FHA|USDA|VA) | 83 | $29,405,000 | $354,277 | $4,795 | 3.08% |
| EL CENTRO, CA (FHA|USDA|VA) | 107 | $23,445,000 | $219,112 | $6,868 | 3.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 55 | $23,145,000 | $420,818 | $5,009 | 3.15% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 25 | $19,545,000 | $781,800 | $8,013 | 2.83% |
| RENO, NV (FHA|USDA|VA) | 52 | $16,880,000 | $324,615 | $3,987 | 3.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 36 | $15,630,000 | $434,167 | $6,334 | 2.93% |
| VISALIA, CA (FHA|USDA|VA) | 46 | $12,030,000 | $261,522 | $6,461 | 3.26% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 34 | $11,410,000 | $335,588 | $11,277 | 3.37% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 26 | $10,510,000 | $404,231 | $5,822 | 3.07% |
| Jefferson, GA (FHA|USDA|VA) | 39 | $10,075,000 | $258,333 | $6,201 | 3.23% |
| MERCED, CA (FHA|USDA|VA) | 35 | $9,305,000 | $265,857 | $6,611 | 2.94% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 37 | $6,955,000 | $187,973 | $6,539 | 3.17% |
| FLINT, MI (FHA|USDA|VA) | 38 | $6,760,000 | $177,895 | $4,873 | 3.18% |
| SPARTANBURG, SC (FHA|USDA|VA) | 38 | $6,260,000 | $164,737 | $4,888 | 3.19% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 41 | $6,055,000 | $147,683 | $4,589 | 3.19% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 40 | $5,270,000 | $131,750 | $4,876 | 3.24% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 31 | $5,085,000 | $164,032 | $4,880 | 3.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 16 | $4,610,000 | $288,125 | $6,133 | 3.03% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 31 | $4,265,000 | $137,581 | $4,251 | 3.36% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 21 | $3,975,000 | $189,286 | $4,351 | 3.04% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 26 | $3,890,000 | $149,615 | $5,386 | 3.34% |
| BURLINGTON, NC (FHA|USDA|VA) | 24 | $3,830,000 | $159,583 | $4,926 | 3.07% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 23 | $3,605,000 | $156,739 | $5,045 | 3.18% |
| Outside of Metro Areas | 21 | $3,505,000 | $166,905 | $5,170 | 3.08% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 17 | $3,275,000 | $192,647 | $5,674 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 17 | $3,095,000 | $182,059 | $5,435 | 3.52% |
| MONROE, MI (FHA|USDA|VA) | 15 | $2,825,000 | $188,333 | $5,227 | 3.43% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $2,615,000 | $174,333 | $6,102 | 3.29% |
| Calhoun, GA (FHA|USDA|VA) | 15 | $2,375,000 | $158,333 | $6,350 | 3.43% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 16 | $2,060,000 | $128,750 | $5,327 | 3.10% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 10 | $1,910,000 | $191,000 | $4,818 | 3.01% |
| MODESTO, CA (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $10,481 | 3.35% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $4,220 | 2.94% |
| LaGrange, GA-AL (FHA|USDA|VA) | 12 | $1,760,000 | $146,667 | $4,483 | 2.92% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $15,651 | 3.16% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $1,555,000 | $141,364 | $3,563 | 3.32% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $4,862 | 3.28% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $7,182 | 3.18% |
| Chillicothe, OH (FHA|USDA|VA) | 8 | $1,260,000 | $157,500 | $5,123 | 3.72% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $6,500 | 3.48% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 8 | $1,200,000 | $150,000 | $5,360 | 3.41% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $21,205 | 3.06% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $4,660 | 3.64% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $4,796 | 3.56% |
| DALTON, GA (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $5,852 | 3.23% |
| Clinton, IA (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $3,455 | 2.90% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $6,893 | 2.67% |
| SALEM, OR (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $8,452 | 3.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 7 | $945,000 | $135,000 | $4,913 | 3.52% |
| MUNCIE, IN (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $4,688 | 3.13% |
| Henderson, NC (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $4,465 | 2.70% |
| Richmond, IN (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $4,510 | 3.54% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $3,390 | 2.69% |
| VALDOSTA, GA (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $5,486 | 3.38% |
| Albemarle, NC (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $5,500 | 3.98% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $4,398 | 3.45% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $6,559 | 3.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,780 | 2.92% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $4,554 | 3.48% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $4,672 | 2.95% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,533 | 2.78% |
| GREENVILLE, NC (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $4,919 | 3.04% |
| HINESVILLE, GA (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $4,087 | 3.15% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,214 | 2.81% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $6,266 | 2.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $615,000 | $87,857 | $3,319 | 3.59% |
| FLORENCE, SC (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $4,424 | 3.28% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $11,583 | 3.00% |
| Forest City, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,821 | 3.00% |
| Huntington, IN (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $5,177 | 3.25% |
| Wilson, NC (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $5,144 | 3.34% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,464 | 2.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,676 | 2.38% |
| Fernley, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,329 | 2.88% |
| KOKOMO, IN (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $4,562 | 3.31% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $6,471 | 3.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,436 | 4.00% |
| Vernal, UT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,243 | 3.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,066 | 3.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,209 | 2.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,206 | 3.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,283 | 2.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,445 | 3.00% |
| ROME, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,001 | 2.81% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,886 | 3.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,012 | 3.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,453 | 4.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,320 | 2.94% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,630 | 3.00% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,405 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,843 | 3.75% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $2,752 | 3.13% |
| New Castle, IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,483 | 3.69% |
| Sonora, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,877 | 2.69% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,579 | 4.50% |
| MADERA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,835 | 2.63% |
| LIMA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,227 | 3.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,301 | 4.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,037 | 4.13% |
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Product Mix
For 2020, Inspire Home Loans's most frequently originated type of loan was Conventional, with 4,060 originations. Their 2nd most popular type was FHA, with 1,733 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 5,959 | $1,820,535,000 | $305,510 | $6,450 | 3.13% |
| Refi | 694 | $224,340,000 | $323,256 | $4,896 | 3.01% |
For 2020, Inspire Home Loans's most frequently cited loan purpose was Home Purchase, with 5,959 originations. The 2nd most popular reason was Refi, with 694 originations.
Loan Duration/Length
For 2020, Inspire Home Loans's most frequently cited loan duration was 30 Year, with 6,425 originations. The 2nd most popular length was 15 Year, with 163 originations.
Origination Fees/Closing Costs
Inspire Home Loans's average total fees were $6,359, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,878 originations.
Interest Rates
During 2020, Inspire Home Loans's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 3,053 originations.
Loan Sizing
2020 saw Inspire Home Loans place emphasis on $200k-400k loans with 3,798 originations, totaling $1,133,910,000 in origination value.
Applicant Income
Inspire Home Loans lent most frequently to those with incomes in the $50k-75k range, with 1,783 originations. The second most popular income band? $75k-100k, with 1,492 originations.
Applicant Debt to Income Ratio
Inspire Home Loans lent most frequently to those with DTI ratios of 30-36%, with 1,086 originations. The next most common DTI ratio? 20-30%, with 967 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.15%
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 origination76.13%
Inspire Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,653 | $2,044,875,000 | $307,361 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $3,495,000 | $233,000 |
| Single Family (1-4 Units):Site-Built | 6,638 | $2,041,380,000 | $307,529 |