Homespire Mortgage Corporation Rates, Fees & Info
BALTIMORE, MDLEI: 549300MFY0P4D234OB91
Tax ID: 20-8279218
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Homespire Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Homespire Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Hagerstown, Baltimore, Virginia Beach, and Orlando among others. We have data for 113 markets. (Some data included below & more in-depth data is available with an active subscription.)Homespire Mortgage Corporation 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. Homespire Mortgage Corporation is typically an average 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.86% | 4/5/25 |
| 30 Year Conventional Refi | 6.85% | 4/5/25 |
| 30 Year Cash-out Refi | 7.39% | 4/5/25 |
| 30 Year FHA Purchase | 7.40% | 4/5/25 |
| 30 Year FHA Refi | 6.95% | 4/5/25 |
| 30 Year VA Purchase | 6.49% | 4/5/25 |
| 30 Year VA Refi | 5.88% | 4/5/25 |
| 30 Year USDA Purchase | 6.84% | 4/5/25 |
| 30 Year USDA Refi | 6.53% | 4/5/25 |
| 15 Year Conventional Purchase | 4.38% | 4/5/25 |
| 15 Year Conventional Refi | 6.61% | 4/5/25 |
| 15 Year Cash-out Refi | 6.61% | 4/5/25 |
| 15 Year FHA Purchase | 7.17% | 4/5/25 |
| 15 Year VA Purchase | 5.68% | 4/5/25 |
| 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. | ||
Homespire Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Homespire Mortgage Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,170Origination Dollar Volume (All Markets)
$650,160,000Awards
HOMESPIRE MORTGAGE CORPORATION - 2024
HOMESPIRE MORTGAGE CORPORATION is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for HOMESPIRE MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Homespire Mortgage Corporation's average 30 year fixed mortgage rate was
6.44%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.11%.
Relative Fees (Closing Costs)
Homespire Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,599.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 465 | $185,895,000 | $399,774 | $11,514 | 6.51% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 296 | $65,360,000 | $220,811 | $7,260 | 5.36% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 174 | $58,460,000 | $335,977 | $11,121 | 6.76% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 144 | $40,770,000 | $283,125 | $6,775 | 6.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 102 | $29,940,000 | $293,529 | $11,143 | 5.71% |
| COLUMBUS, OH (FHA|USDA|VA) | 93 | $28,565,000 | $307,151 | $5,424 | 6.54% |
| Outside of Metro Areas | 100 | $25,770,000 | $257,700 | $9,069 | 6.53% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 82 | $22,180,000 | $270,488 | $8,585 | 6.33% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 68 | $21,770,000 | $320,147 | $11,821 | 4.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 89 | $20,865,000 | $234,438 | $6,330 | 5.57% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 46 | $17,230,000 | $374,565 | $7,004 | 6.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 51 | $15,955,000 | $312,843 | $9,600 | 5.94% |
| BATON ROUGE, LA (FHA|USDA|VA) | 46 | $11,420,000 | $248,261 | $8,471 | 6.18% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 47 | $11,185,000 | $237,979 | $6,603 | 6.45% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 30 | $8,840,000 | $294,667 | $11,964 | 6.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 42 | $6,930,000 | $165,000 | $6,271 | 5.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 17 | $5,045,000 | $296,765 | $9,047 | 6.17% |
| RICHMOND, VA (FHA|USDA|VA) | 15 | $4,795,000 | $319,667 | $8,845 | 6.97% |
| OCALA, FL (FHA|USDA|VA) | 19 | $4,325,000 | $227,632 | $10,694 | 6.07% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $4,065,000 | $312,692 | $8,107 | 6.86% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,130,000 | $313,000 | $9,485 | 6.71% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $2,690,000 | $269,000 | $9,455 | 5.83% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $13,196 | 6.10% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $18,073 | 6.58% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $9,759 | 6.54% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $11,291 | 5.33% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $7,900 | 6.64% |
| HARRISONBURG, VA (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $7,054 | 6.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $11,305 | 6.16% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $9,242 | 6.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $9,062 | 6.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $6,113 | 6.28% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $15,437 | 6.17% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $7,425 | 7.04% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $6,977 | 5.59% |
| Lumberton, NC (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $4,713 | 5.23% |
| Levelland, TX (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $8,059 | 6.43% |
| Granbury, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $6,678 | 6.50% |
| Statesboro, GA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $8,340 | 6.59% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $8,948 | 7.29% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $6,673 | 7.05% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,556 | 6.71% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $5,585 | 6.94% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $6,056 | 5.40% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,028 | 6.63% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $9,912 | 6.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $6,611 | 7.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $9,973 | 6.56% |
| STAUNTON, VA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $8,796 | 7.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,700 | 7.44% |
| MORGANTOWN, WV (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $6,160 | 5.54% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $8,970 | 6.67% |
| Elizabeth City, NC (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $6,988 | 5.28% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $17,874 | 6.44% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $10,248 | 5.94% |
| Sanford, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,213 | 6.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $13,696 | 6.94% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $12,660 | 6.69% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,567 | 6.13% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,111 | 7.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,846 | 7.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $13,013 | 6.25% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $6,721 | 5.03% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,684 | 6.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $20,912 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $19,920 | 6.25% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,402 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $15,044 | 6.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,027 | 6.31% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,810 | 6.69% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,236 | 7.06% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,324 | 6.50% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,977 | 6.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,627 | 7.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,167 | 7.25% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,813 | 6.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,191 | 7.38% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $7,218 | 6.79% |
| DOVER, DE (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,670 | 7.25% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,413 | 6.88% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,745 | 7.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $24 | 5.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,491 | 7.19% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,409 | 6.88% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,774 | 6.63% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,726 | 6.50% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,821 | 7.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,728 | 5.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,159 | 7.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $18,017 | 6.13% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,647 | 5.33% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,011 | 6.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,618 | 6.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,876 | 6.75% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,448 | 6.63% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,561 | 6.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,796 | 7.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,675 | 3.69% |
| ROME, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,799 | 5.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,039 | 7.50% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,417 | 3.29% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,935 | 6.63% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,218 | 6.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,393 | 5.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,957 | 7.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,492 | 7.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,127 | 6.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,497 | 7.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,582 | 7.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,991 | 7.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,570 | 6.25% |
| Elkins, WV (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,300 | 6.00% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,131 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against HOMESPIRE MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 50
Similarity Rank: 50
Similarity Rank: 56
Similarity Rank: 121
Similarity Rank: 150
Similarity Rank: 154
Similarity Rank: 156
Similarity Rank: 168
Similarity Rank: 168
Similarity Rank: 175
Product Mix
For 2024, Homespire Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,154 originations. Their 2nd most popular type was FHA, with 711 originations.
Loan Reason
For 2024, Homespire Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,007 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.
Loan Duration/Length
For 2024, Homespire Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,025 originations. The 2nd most popular length was 15 Year, with 127 originations.
Origination Fees/Closing Costs
Homespire Mortgage Corporation's average total fees were $9,599, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 709 originations.
Interest Rates
During 2024, Homespire Mortgage Corporation's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was 6-7%, with 1,287 originations.
Loan Sizing
2024 saw Homespire Mortgage Corporation place emphasis on $200k-400k loans with 1,222 originations, totaling $358,710,000 in origination value.
Applicant Income
Homespire Mortgage Corporation lent most frequently to those with incomes in the $75k-100k range, with 600 originations. The second most popular income band? $100k-150k, with 535 originations.
Applicant Debt to Income Ratio
Homespire Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 331 originations. The next most common DTI ratio? 30-36%, with 288 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.15%
Homespire Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.76%
Homespire Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,170 | $650,160,000 | $299,613 |