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 Cash Out Refi, Refi, and Home Purchase loans. Insight has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Ocala, Deltona, Homosassa Springs, and Tampa among others. We have data for 13 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% | 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
185Origination Dollar Volume (All Markets)
$33,405,000Top 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) | 142 | $26,270,000 | $185,000 | $3,926 | 3.01% |
| OCALA, FL (FHA|USDA|VA) | 12 | $1,760,000 | $146,667 | $3,433 | 2.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $4,900 | 2.82% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 8 | $990,000 | $123,750 | $3,321 | 2.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $3,756 | 3.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,069 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,050 | 3.38% |
| Outside of Metro Areas | 2 | $280,000 | $140,000 | $2,509 | 3.31% |
| Central City, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,095 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,179 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,297 | 3.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,897 | 2.75% |
| Jesup, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,381 | 3.00% |
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 | 179 | $32,095,000 | $179,302 | $3,809 | 3.01% |
| VA | 6 | $1,310,000 | $218,333 | $5,565 | 2.85% |
For 2021, Insight's most frequently originated type of loan was Conventional, with 179 originations. Their 2nd most popular type was VA, with 6 originations.
Loan Reason
For 2021, Insight's most frequently cited loan purpose was Cash Out Refi, with 73 originations. The 2nd most popular reason was Refi, with 66 originations.
Loan Duration/Length
For 2021, Insight's most frequently cited loan duration was 30 Year, with 116 originations. The 2nd most popular length was 15 Year, with 45 originations.
Origination Fees/Closing Costs
Insight's average total fees were $4,245, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 111 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 91 | $16,215,000 | $178,187 |
| 3-4% | 61 | $12,345,000 | $202,377 |
| <2.5% | 21 | $2,835,000 | $135,000 |
| 4-5% | 3 | $505,000 | $168,333 |
During 2021, Insight's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 91 originations.
Loan Sizing
2021 saw Insight place emphasis on $100k-200k loans with 93 originations, totaling $13,655,000 in origination value.
Applicant Income
Insight lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $50k or less, with 47 originations.
Applicant Debt to Income Ratio
Insight lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.09%
Insight has an average approval rate.
Pick Rate
Approvals leading to origination55.68%
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 | 185 | $33,405,000 | $180,568 |