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 Refi, Cash Out Refi, and Home Purchase loans. Insight has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Deltona, Ocala, Lakeland, and Gainesville among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Insight 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. 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.52% | 4/28/24 |
| 30 Year Cash-out Refi | 7.00% | 4/28/24 |
| 30 Year VA Purchase | 6.03% | 4/28/24 |
| 15 Year Conventional Purchase | 6.38% | 4/28/24 |
| 15 Year Conventional Refi | 6.23% | 4/28/24 |
| 15 Year Cash-out Refi | 6.23% | 4/28/24 |
| 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
126Origination Dollar Volume (All Markets)
$20,910,000Top 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) | 89 | $15,015,000 | $168,708 | $3,778 | 3.35% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $1,535,000 | $170,556 | $3,057 | 3.44% |
| OCALA, FL (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $3,134 | 3.41% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,733 | 3.44% |
| Outside of Metro Areas | 1 | $355,000 | $355,000 | $3,292 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,752 | 3.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,970 | 3.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,339 | 3.56% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,478 | 3.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,223 | 3.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,043 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,567 | 3.13% |
| Boone, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,374 | 4.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,269 | 3.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,168 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,684 | 2.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,131 | 4.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,031 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,976 | 2.63% |
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 | 124 | $20,630,000 | $166,371 | $3,708 | 3.36% |
| VA | 2 | $280,000 | $140,000 | $2,176 | 3.31% |
For 2020, Insight's most frequently originated type of loan was Conventional, with 124 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2020, Insight's most frequently cited loan purpose was Refi, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.
Loan Duration/Length
For 2020, Insight's most frequently cited loan duration was 30 Year, with 81 originations. The 2nd most popular length was 15 Year, with 35 originations.
Origination Fees/Closing Costs
Insight's average total fees were $4,032, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 84 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 82 | $14,170,000 | $172,805 |
| 2.5-3% | 31 | $4,965,000 | $160,161 |
| 4-5% | 8 | $1,060,000 | $132,500 |
| <2.5% | 4 | $570,000 | $142,500 |
| 5-6% | 1 | $145,000 | $145,000 |
During 2020, Insight's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 82 originations.
Loan Sizing
2020 saw Insight place emphasis on $100k-200k loans with 72 originations, totaling $10,770,000 in origination value.
Applicant Income
Insight lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $50k or less, with 37 originations.
Applicant Debt to Income Ratio
Insight lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.13%
Insight has an average approval rate.
Pick Rate
Approvals leading to origination18.25%
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 | 126 | $20,910,000 | $165,952 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $800,000 | $133,333 |
| Single Family (1-4 Units):Site-Built | 120 | $20,110,000 | $167,583 |