Insight Mortgage Rates, Fees & Info
Winter Springs, FLLEI: 549300GMQCJI1T3P3Z82
Tax ID: 59-0626648
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Mortgage Data
Review & Overview
Insight is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Insight has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Deltona, Homosassa Springs, Ocala, and Lakeland among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Insight has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Insight 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 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 | 6.94% | 12/16/24 |
| 30 Year Conventional Refi | 6.52% | 12/16/24 |
| 30 Year Cash-out Refi | 7.00% | 12/16/24 |
| 30 Year VA Purchase | 6.03% | 12/16/24 |
| 15 Year Conventional Purchase | 6.38% | 12/16/24 |
| 15 Year Conventional Refi | 6.23% | 12/16/24 |
| 15 Year Cash-out Refi | 6.23% | 12/16/24 |
| 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. | ||
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Originations
56Origination Dollar Volume (All Markets)
$7,630,000Awards
INSIGHT - 2018
INSIGHT is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 29 | $4,175,000 | $143,966 | $3,897 | 5.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $4,068 | 5.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $4,132 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 6 | $610,000 | $101,667 | $3,413 | 4.98% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,396 | 5.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,218 | 5.17% |
| Outside of Metro Areas | 2 | $310,000 | $155,000 | $4,116 | 4.94% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,457 | 5.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,942 | 4.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,191 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against INSIGHT 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 56 | $7,630,000 | $136,250 | $3,805 | 5.13% |
For 2018, Insight's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2018, Insight's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2018, Insight's most frequently cited loan duration was 30 Year, with 44 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 46 | $5,960,000 | $129,565 |
| $2k-3k | 5 | $715,000 | $143,000 |
| $3k-4k | 4 | $810,000 | $202,500 |
| $5k+ | 1 | $145,000 | $145,000 |
Insight's average total fees were $3,862, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 46 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 30 | $4,120,000 | $137,333 |
| 4-5% | 25 | $3,395,000 | $135,800 |
| 6-7% | 1 | $115,000 | $115,000 |
During 2018, Insight's average interest rate for loans was 5.24%, while their most frequently originated rate bucket for loans was 5-6%, with 30 originations.
Loan Sizing
2018 saw Insight place emphasis on $100k-200k loans with 30 originations, totaling $4,360,000 in origination value.
Applicant Income
Insight lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
Insight lent most frequently to those with DTI ratios of 40%, with 7 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.76%
Insight has a below average approval rate.
Pick Rate
Approvals leading to origination53.57%
Insight has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 56 | $7,630,000 | $136,250 |