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, Ocala, The Villages, Key West, and Deltona among others. We have data for 12 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 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 | 6.94% | 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
107Origination Dollar Volume (All Markets)
$17,305,000Top 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) | 71 | $11,595,000 | $163,310 | $4,411 | 4.30% |
| OCALA, FL (FHA|USDA|VA) | 14 | $1,550,000 | $110,714 | $3,851 | 4.45% |
| THE VILLAGES, FL (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $5,734 | 4.19% |
| Key West, FL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $5,744 | 4.44% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,665 | 4.25% |
| Outside of Metro Areas | 1 | $325,000 | $325,000 | $3,731 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,608 | 4.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $3,275 | 4.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,037 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,593 | 4.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,613 | 3.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,199 | 3.88% |
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 | 106 | $17,150,000 | $161,792 | $4,382 | 4.34% |
| VA | 1 | $155,000 | $155,000 | $5,003 | 3.50% |
For 2019, Insight's most frequently originated type of loan was Conventional, with 106 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2019, Insight's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Loan Duration/Length
For 2019, Insight's most frequently cited loan duration was 30 Year, with 63 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
Insight's average total fees were $4,293, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 80 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 56 | $9,520,000 | $170,000 |
| 3-4% | 39 | $6,135,000 | $157,308 |
| 5-6% | 10 | $1,060,000 | $106,000 |
| 2.5-3% | 2 | $590,000 | $295,000 |
During 2019, Insight's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 56 originations.
Loan Sizing
2019 saw Insight place emphasis on $100k-200k loans with 50 originations, totaling $7,330,000 in origination value.
Applicant Income
Insight lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
Insight lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.11%
Insight has an average approval rate.
Pick Rate
Approvals leading to origination10.28%
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 | 107 | $17,305,000 | $161,729 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $715,000 | $79,444 |
| Single Family (1-4 Units):Site-Built | 98 | $16,590,000 | $169,286 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Insight Financial Services LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |