Homeservices Lending Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300FYXKL13UG7P021
Tax ID: 41-1914032
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Mortgage Data
Review & Overview
Homeservices Lending is a smaller mortgage company specializing in Home Purchase loans. Homeservices Lending 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: Des Moines, Ames, Pella, Cedar Rapids, and Oskaloosa among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Homeservices Lending 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. Homeservices Lending 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 relatively high 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 | 6.06% | 10/29/24 |
| 30 Year Conventional Refi | 6.66% | 10/29/24 |
| 30 Year Cash-out Refi | 6.89% | 10/29/24 |
| 30 Year FHA Purchase | 7.40% | 10/29/24 |
| 30 Year FHA Refi | 6.27% | 10/29/24 |
| 30 Year VA Purchase | 6.11% | 10/29/24 |
| 30 Year USDA Purchase | 6.81% | 10/29/24 |
| 30 Year USDA Refi | 6.27% | 10/29/24 |
| 15 Year Conventional Purchase | 6.22% | 10/29/24 |
| 15 Year Conventional Refi | 6.30% | 10/29/24 |
| 15 Year Cash-out Refi | 6.30% | 10/29/24 |
| 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. | ||
Homeservices Lending Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Homeservices Lending. 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
649Origination Dollar Volume (All Markets)
$137,605,000Awards
HOMESERVICES LENDING - 2023
HOMESERVICES LENDING is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Homeservices Lending's average 30 year fixed mortgage rate was
5.74%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.74%.
Relative Fees (Closing Costs)
Homeservices Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,096.
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 $9,089.
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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 524 | $117,760,000 | $224,733 | $5,194 | 5.85% |
| Outside of Metro Areas | 35 | $4,605,000 | $131,571 | $3,897 | 5.31% |
| AMES, IA (FHA|USDA|VA) | 22 | $3,830,000 | $174,091 | $4,405 | 5.65% |
| Pella, IA (FHA|USDA|VA) | 17 | $2,645,000 | $155,588 | $4,494 | 5.43% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 17 | $2,595,000 | $152,647 | $4,500 | 4.61% |
| Oskaloosa, IA (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $4,516 | 5.21% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $4,329 | 4.69% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $6,654 | 6.81% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,865 | 5.88% |
| Fort Dodge, IA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,042 | 7.00% |
| Spencer, IA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,710 | 5.75% |
| Marshalltown, IA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,276 | 7.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,411 | 3.31% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,596 | 7.25% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,596 | 7.50% |
| Ottumwa, IA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,992 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against HOMESERVICES LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
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Similarity Rank: 50
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Similarity Rank: 63
Similarity Rank: 75
Product Mix
For 2023, Homeservices Lending's most frequently originated type of loan was Conventional, with 439 originations. Their 2nd most popular type was FHA, with 137 originations.
Loan Reason
For 2023, Homeservices Lending's most frequently cited loan purpose was Home Purchase, with 636 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2023, Homeservices Lending's most frequently cited loan duration was 30 Year, with 640 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Homeservices Lending's average total fees were $5,096, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 207 originations.
Interest Rates
During 2023, Homeservices Lending's average interest rate for loans was 5.74%, while their most frequently originated rate bucket for loans was 6-7%, with 287 originations.
Loan Sizing
2023 saw Homeservices Lending place emphasis on $200k-400k loans with 287 originations, totaling $79,715,000 in origination value.
Applicant Income
Homeservices Lending lent most frequently to those with incomes in the $50k-75k range, with 189 originations. The second most popular income band? $75k-100k, with 154 originations.
Applicant Debt to Income Ratio
Homeservices Lending lent most frequently to those with DTI ratios of 30-36%, with 112 originations. The next most common DTI ratio? 20-30%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.86%
Homeservices Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.05%
Homeservices Lending has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 649 | $137,605,000 | $212,026 |