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: Las Vegas, Denver, Atlanta, Riverside, and Stockton among others. We have data for 114 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.66% | 4/22/24 |
| 30 Year Cash-out Refi | 6.64% | 4/22/24 |
| 30 Year FHA Purchase | 7.07% | 4/22/24 |
| 30 Year FHA Refi | 6.57% | 4/22/24 |
| 30 Year VA Purchase | 5.98% | 4/22/24 |
| 30 Year USDA Purchase | 6.83% | 4/22/24 |
| 15 Year Conventional Purchase | 6.12% | 4/22/24 |
| 15 Year Conventional Refi | 5.53% | 4/22/24 |
| 15 Year Cash-out Refi | 5.53% | 4/22/24 |
| 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
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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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) | 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% |
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 2021, Inspire Home Loans's most frequently originated type of loan was Conventional, with 5,249 originations. Their 2nd most popular type was FHA, with 1,914 originations.
Loan Reason
For 2021, Inspire Home Loans's most frequently cited loan purpose was Home Purchase, with 7,582 originations. The 2nd most popular reason was Refi, with 344 originations.
Loan Duration/Length
For 2021, Inspire Home Loans's most frequently cited loan duration was 30 Year, with 7,803 originations. The 2nd most popular length was 15 Year, with 228 originations.
Origination Fees/Closing Costs
Inspire Home Loans's average total fees were $6,897, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,463 originations.
Interest Rates
During 2021, Inspire Home Loans's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 4,527 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications96.39%
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 origination75.07%
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 |