Homeservices Lending Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300FYXKL13UG7P021

Tax ID: 41-1914032

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Homeservices Lending is a smaller mortgage company specializing in Home Purchase and Refi 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, Cedar Rapids, Ames, Pella, and Omaha 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 a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.06% 4/21/24
    30 Year Conventional Refi 6.66% 4/21/24
    30 Year Cash-out Refi 6.89% 4/21/24
    30 Year FHA Purchase 7.40% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 6.11% 4/21/24
    30 Year USDA Purchase 6.81% 4/21/24
    30 Year USDA Refi 6.27% 4/21/24
    15 Year Conventional Purchase 6.22% 4/21/24
    15 Year Conventional Refi 6.30% 4/21/24
    15 Year Cash-out Refi 6.30% 4/21/24
    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

    1,703

    Origination Dollar Volume (All Markets)

    $374,045,000
    Show all (10) awards

    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) 1,551 $348,955,000 $224,987 $2,346 3.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 45 $6,095,000 $135,444 $2,357 2.61%
    Outside of Metro Areas 35 $5,875,000 $167,857 $1,926 2.95%
    AMES, IA (FHA|USDA|VA) 20 $4,140,000 $207,000 $1,996 2.98%
    Pella, IA (FHA|USDA|VA) 17 $2,485,000 $146,176 $2,010 3.04%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 9 $1,585,000 $176,111 $2,767 3.24%
    IOWA CITY, IA (FHA|USDA|VA) 9 $1,545,000 $171,667 $2,226 2.88%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 5 $1,135,000 $227,000 $4,128 3.08%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 3 $535,000 $178,333 $6,080 3.58%
    Marshalltown, IA (FHA|USDA|VA) 2 $480,000 $240,000 $1,774 2.69%
    Oskaloosa, IA (FHA|USDA|VA) 2 $430,000 $215,000 $2,845 3.69%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $245,000 $245,000 $2,242 2.75%
    Spirit Lake, IA (FHA|USDA|VA) 1 $155,000 $155,000 $2,320 3.13%
    Mason City, IA (FHA|USDA|VA) 1 $135,000 $135,000 $2,034 3.13%
    DUBUQUE, IA (FHA|USDA|VA) 1 $125,000 $125,000 $4,915 3.38%
    Spencer, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    Homeservices Lending's top markets include Des Moines, Cedar Rapids, Ames, Pella, and Omaha among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)

    • 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.

    Liberty Bank Minnesota
    Similarity Rank: 154
    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    Thomaston Savings Bank
    Similarity Rank: 225
    Northwest Community Bank
    Similarity Rank: 231
    Bridgewater Savings Bank
    Similarity Rank: 240
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    KELLOGG MIDWEST FEDERAL CREDIT UNION
    Similarity Rank: 252
    The Torrington Savings Bank
    Similarity Rank: 264

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,371 $304,395,000 $222,024 $2,007 2.99%
    FHA 152 $28,860,000 $189,868 $4,964 3.19%
    VA 131 $32,355,000 $246,985 $4,073 2.78%
    USDA 49 $8,435,000 $172,143 $2,735 2.92%

    For 2020, Homeservices Lending's most frequently originated type of loan was Conventional, with 1,371 originations. Their 2nd most popular type was FHA, with 152 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,100 $228,730,000 $207,936 $2,296 2.97%
    Refi 521 $128,135,000 $245,940 $2,359 3.00%
    Cash Out Refi 79 $16,625,000 $210,443 $2,801 3.19%
    Other 3 $555,000 $185,000 $3,477 3.25%

    For 2020, Homeservices Lending's most frequently cited loan purpose was Home Purchase, with 1,100 originations. The 2nd most popular reason was Refi, with 521 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,528 $335,290,000 $219,431 $2,356 3.01%
    15 Year 131 $28,055,000 $214,160 $2,213 2.71%
    20 Year 29 $6,635,000 $228,793 $2,376 3.16%
    Other 15 $4,065,000 $271,000 $2,246 2.97%

    For 2020, Homeservices Lending's most frequently cited loan duration was 30 Year, with 1,528 originations. The 2nd most popular length was 15 Year, with 131 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,365 $299,885,000 $219,696
    $1k-2k 207 $40,675,000 $196,498
    $2k-3k 83 $20,325,000 $244,880
    $3k-4k 30 $6,840,000 $228,000
    $4k-5k 9 $3,065,000 $340,556
    $5k+ 9 $3,255,000 $361,667

    Homeservices Lending's average total fees were $2,356, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,365 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 791 $188,975,000 $238,906
    3-4% 694 $148,000,000 $213,256
    <2.5% 183 $30,895,000 $168,825
    4-5% 35 $6,175,000 $176,429

    During 2020, Homeservices Lending's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 791 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 824 $223,750,000 $271,541 $2,534 3.04%
    $100k-200k 648 $100,840,000 $155,617 $2,183 3.13%
    $100,000 or less 139 $6,965,000 $50,108 $1,511 2.02%
    $400k-600k 92 $42,490,000 $461,848 $2,649 3.04%

    2020 saw Homeservices Lending place emphasis on $200k-400k loans with 824 originations, totaling $223,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 435 $76,985,000 $176,977 $2,322 2.97%
    $100k-150k 374 $98,470,000 $263,289 $2,467 3.09%
    $75k-100k 337 $72,625,000 $215,504 $2,494 3.02%
    $50k or less 256 $30,690,000 $119,883 $1,907 2.81%
    $150k-250k 203 $62,975,000 $310,222 $2,356 3.08%
    $250k+ 56 $21,340,000 $381,071 $2,419 3.00%

    Homeservices Lending lent most frequently to those with incomes in the $50k-75k range, with 435 originations. The second most popular income band? $100k-150k, with 374 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 461 $103,465,000 $224,436 $2,191 2.92%
    30-36% 348 $74,090,000 $212,902 $2,219 2.99%
    <20% 141 $30,705,000 $217,766 $2,047 2.84%
    39% 69 $15,195,000 $220,217 $2,350 3.16%
    37% 68 $15,210,000 $223,676 $2,652 2.95%
    42% 61 $13,445,000 $220,410 $2,301 3.15%
    36% 58 $12,110,000 $208,793 $2,393 2.99%
    41% 57 $12,215,000 $214,298 $2,911 3.13%
    40% 55 $12,035,000 $218,818 $2,059 3.07%
    44% 55 $11,375,000 $206,818 $2,493 3.08%
    43% 54 $10,840,000 $200,741 $2,473 3.10%
    38% 49 $10,645,000 $217,245 $2,468 3.10%
    47% 41 $10,155,000 $247,683 $2,352 3.17%
    48% 36 $8,060,000 $223,889 $2,391 3.10%
    49% 32 $7,040,000 $220,000 $2,645 3.05%
    50-60% 28 $5,910,000 $211,071 $5,065 2.97%
    46% 25 $5,605,000 $224,200 $2,611 3.03%
    45% 23 $4,985,000 $216,739 $2,358 3.07%

    Homeservices Lending lent most frequently to those with DTI ratios of 20-30%, with 461 originations. The next most common DTI ratio? 30-36%, with 348 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,128 $248,350,000 $220,168 $2,334 3.01%
    Not provided 509 $110,085,000 $216,277 $2,292 2.96%
    Asian 39 $9,445,000 $242,179 $2,743 2.82%
    Black 22 $5,020,000 $228,182 $3,147 2.95%
    American Indian 3 $945,000 $315,000 $4,402 3.83%
    Native Hawaiian or Islander 1 $125,000 $125,000 $3,178 3.63%
    Other Asian 1 $75,000 $75,000 $2,072 3.00%

    Approval Rates

    Total approvals of all applications
    96.74%

    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 origination
    83.73%

    Homeservices Lending has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,703 $374,045,000 $219,639

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $1,070,000 $178,333
    Single Family (1-4 Units):Site-Built 1,697 $372,975,000 $219,785

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,935,000 $113,824 $2,043 3.22%
    40-60% 127 $25,605,000 $201,614 $2,195 2.89%
    60-80% 461 $111,425,000 $241,703 $2,280 3.09%
    80-100% 1,018 $227,840,000 $223,811 $2,324 3.12%
    Over 100% 22 $6,750,000 $306,818 $9,855 2.79%
    Under 20% 58 $490,000 $8,448 $305 0.22%