Semper Home Loans Mortgage Rates, Fees & Info
PROVIDENCE, RILEI: 549300KT5OWPGQKWUN86
Tax ID: 20-2485875
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Mortgage Data
Review & Overview
Semper Home Loans is a smaller mortgage company specializing in Home Purchase loans. Semper Home Loans has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Providence, Springfield, Worcester, Hartford, and Boston among others. We have data for 58 markets. (Some data included below & more in-depth data is available with an active subscription.)Semper Home Loans 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. Semper Home Loans is typically a high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.87% | 4/18/24 |
| 30 Year Conventional Refi | 6.66% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 30 Year FHA Purchase | 7.63% | 4/18/24 |
| 30 Year FHA Refi | 7.35% | 4/18/24 |
| 30 Year VA Purchase | 6.24% | 4/18/24 |
| 30 Year VA Refi | 5.83% | 4/18/24 |
| 15 Year Conventional Purchase | 5.85% | 4/18/24 |
| 15 Year Conventional Refi | 5.57% | 4/18/24 |
| 15 Year Cash-out Refi | 5.57% | 4/18/24 |
| 15 Year VA Refi | 5.36% | 4/18/24 |
| 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. | ||
Semper Home Loans Mortgage Calculator
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This is not an official calculator from Semper Home Loans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
579Origination Dollar Volume (All Markets)
$191,225,000Relative Rate
Semper Home Loans's average 30 year fixed mortgage rate was
6.93%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.45%.
Relative Fees (Closing Costs)
Semper Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,277.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 313 | $111,515,000 | $356,278 | $13,161 | 6.92% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 64 | $17,220,000 | $269,063 | $11,890 | 7.05% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 35 | $11,245,000 | $321,286 | $11,955 | 6.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 29 | $8,205,000 | $282,931 | $9,331 | 6.76% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 11 | $5,435,000 | $494,091 | $18,144 | 6.76% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 11 | $3,495,000 | $317,727 | $13,429 | 7.22% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $3,320,000 | $415,000 | $12,952 | 6.30% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $2,995,000 | $272,273 | $8,051 | 6.68% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,880,000 | $1,440,000 | $23,535 | 9.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $13,448 | 7.26% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $2,200,000 | $220,000 | $14,206 | 6.41% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $9,620 | 6.28% |
| PITTSFIELD, MA (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $11,490 | 7.29% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $7,011 | 6.78% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $14,787 | 8.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $11,392 | 7.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $12,644 | 7.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $10,134 | 6.69% |
| Torrington, CT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $9,878 | 7.31% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,099 | 7.44% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 8.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $16,625 | 8.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,428 | 7.69% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $10,725 | 6.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,444 | 8.56% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,846 | 6.63% |
| Laconia, NH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,566 | 7.75% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,291 | 7.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,933 | 5.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,489 | 5.75% |
| Outside of Metro Areas | 2 | $350,000 | $175,000 | $12,305 | 6.30% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,970 | 7.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,336 | 6.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,749 | 5.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,873 | 5.88% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,764 | 6.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,419 | 7.25% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,912 | 6.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,596 | 7.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,620 | 6.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,487 | 6.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,061 | 6.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,270 | 6.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,235 | 7.63% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,386 | 5.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,067 | 5.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,072 | 6.63% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,295 | 5.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,247 | 5.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,515 | 6.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 9.38% |
| Crossville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,157 | 7.38% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,572 | 6.13% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,938 | 6.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,805 | 5.38% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,685 | 6.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,842 | 6.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,701 | 7.13% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Semper Home Loans 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
For 2023, Semper Home Loans's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was FHA, with 216 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 537 | $176,015,000 | $327,775 | $12,227 | 6.89% |
| Refi | 42 | $15,210,000 | $362,143 | $12,543 | 7.40% |
For 2023, Semper Home Loans's most frequently cited loan purpose was Home Purchase, with 537 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
For 2023, Semper Home Loans's most frequently cited loan duration was 30 Year, with 576 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Semper Home Loans's average total fees were $12,277, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 381 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 282 | $92,080,000 | $326,525 |
| 7-8% | 194 | $64,760,000 | $333,814 |
| 5-6% | 69 | $20,625,000 | $298,913 |
| Over 8% | 34 | $13,760,000 | $404,706 |
During 2023, Semper Home Loans's average interest rate for loans was 6.93%, while their most frequently originated rate bucket for loans was 6-7%, with 282 originations.
Loan Sizing
2023 saw Semper Home Loans place emphasis on $200k-400k loans with 361 originations, totaling $108,375,000 in origination value.
Applicant Income
Semper Home Loans lent most frequently to those with incomes in the $100k-150k range, with 171 originations. The second most popular income band? $50k-75k, with 136 originations.
Applicant Debt to Income Ratio
Semper Home Loans lent most frequently to those with DTI ratios of 50-60%, with 107 originations. The next most common DTI ratio? 30-36%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.02%
Semper Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.63%
Semper Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 579 | $191,225,000 | $330,268 |