Homespire Mortgage Corporation Rates, Fees & Info
BALTIMORE, MDLEI: 549300MFY0P4D234OB91
Tax ID: 20-8279218
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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, Baltimore, Virginia Beach, Hagerstown, and Raleigh among others. We have data for 117 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.64% | 12/16/24 |
| 30 Year Conventional Refi | 6.71% | 12/16/24 |
| 30 Year Cash-out Refi | 6.98% | 12/16/24 |
| 30 Year FHA Purchase | 7.62% | 12/16/24 |
| 30 Year FHA Refi | 7.25% | 12/16/24 |
| 30 Year VA Purchase | 6.30% | 12/16/24 |
| 30 Year VA Refi | 5.78% | 12/16/24 |
| 30 Year USDA Purchase | 6.90% | 12/16/24 |
| 15 Year Conventional Purchase | 5.01% | 12/16/24 |
| 15 Year Conventional Refi | 6.24% | 12/16/24 |
| 15 Year Cash-out Refi | 6.24% | 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. | ||
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
2,120Origination Dollar Volume (All Markets)
$636,240,000Awards
HOMESPIRE MORTGAGE CORPORATION - 2023
HOMESPIRE MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Homespire Mortgage Corporation's average 30 year fixed mortgage rate was
6.67%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.19%.
Relative Fees (Closing Costs)
Homespire Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,730.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 563 | $222,235,000 | $394,734 | $11,197 | 6.73% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 192 | $58,110,000 | $302,656 | $9,796 | 6.89% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 182 | $46,970,000 | $258,077 | $6,381 | 6.82% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 151 | $36,455,000 | $241,424 | $8,363 | 6.36% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 75 | $23,065,000 | $307,533 | $5,555 | 6.26% |
| COLUMBUS, OH (FHA|USDA|VA) | 79 | $22,375,000 | $283,228 | $4,392 | 6.41% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 62 | $20,790,000 | $335,323 | $11,737 | 6.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 63 | $15,505,000 | $246,111 | $7,019 | 5.22% |
| Outside of Metro Areas | 59 | $14,935,000 | $253,136 | $7,197 | 6.58% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 65 | $12,885,000 | $198,231 | $5,663 | 5.03% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 47 | $12,235,000 | $260,319 | $7,985 | 7.02% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 50 | $11,310,000 | $226,200 | $6,657 | 6.65% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 38 | $10,500,000 | $276,316 | $6,722 | 6.68% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $8,100,000 | $368,182 | $10,001 | 6.84% |
| SAVANNAH, GA (FHA|USDA|VA) | 22 | $7,490,000 | $340,455 | $8,767 | 6.65% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 27 | $6,285,000 | $232,778 | $7,781 | 6.92% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 28 | $5,760,000 | $205,714 | $5,561 | 4.71% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 17 | $5,415,000 | $318,529 | $6,926 | 5.68% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 18 | $5,250,000 | $291,667 | $10,847 | 6.46% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $4,885,000 | $375,769 | $5,652 | 6.79% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 14 | $4,530,000 | $323,571 | $8,586 | 6.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $4,430,000 | $369,167 | $11,912 | 6.61% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 24 | $3,960,000 | $165,000 | $5,334 | 6.97% |
| CHARLESTON, WV (FHA|USDA|VA) | 23 | $3,905,000 | $169,783 | $5,175 | 6.23% |
| RICHMOND, VA (FHA|USDA|VA) | 10 | $3,760,000 | $376,000 | $12,507 | 6.71% |
| BATON ROUGE, LA (FHA|USDA|VA) | 17 | $3,635,000 | $213,824 | $5,541 | 6.20% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 13 | $3,365,000 | $258,846 | $9,446 | 6.91% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 13 | $2,855,000 | $219,615 | $8,062 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,695,000 | $299,444 | $10,569 | 6.96% |
| Lumberton, NC (FHA|USDA|VA) | 14 | $2,280,000 | $162,857 | $4,169 | 4.49% |
| Elizabeth City, NC (FHA|USDA|VA) | 11 | $2,265,000 | $205,909 | $3,870 | 6.34% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $2,140,000 | $356,667 | $10,069 | 6.60% |
| GOLDSBORO, NC (FHA|USDA|VA) | 7 | $2,085,000 | $297,857 | $3,887 | 6.57% |
| HARRISONBURG, VA (FHA|USDA|VA) | 9 | $1,955,000 | $217,222 | $4,614 | 6.97% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,905,000 | $381,000 | $9,818 | 6.15% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $6,389 | 7.08% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $10,291 | 6.34% |
| STAUNTON, VA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $10,583 | 7.09% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $5,420 | 6.69% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $8,777 | 7.09% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $6,460 | 7.42% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $13,437 | 6.71% |
| Milledgeville, GA (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $6,977 | 6.35% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $11,194 | 6.33% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $10,280 | 7.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $6,878 | 7.34% |
| GETTYSBURG, PA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,629 | 6.79% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,262 | 6.94% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,687 | 6.94% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $6,177 | 7.00% |
| Cambridge, MD (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $10,423 | 6.92% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $18,095 | 7.25% |
| OCALA, FL (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $5,061 | 4.18% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,207 | 7.04% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,723 | 6.63% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,669 | 6.83% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,138 | 7.25% |
| Statesboro, GA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,041 | 6.71% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,343 | 6.94% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $10,788 | 6.42% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,718 | 7.06% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $31,576 | 6.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $13,480 | 6.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,920 | 5.96% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $900 | 6.88% |
| Arcadia, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $10,389 | 7.63% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,527 | 6.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $12,559 | 7.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,836 | 7.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,909 | 6.83% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,692 | 6.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $14,166 | 6.00% |
| Wilson, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,811 | 4.71% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $23,226 | 6.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,354 | 6.63% |
| Sanford, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,831 | 6.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,267 | 7.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,374 | 7.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,094 | 7.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,412 | 6.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,621 | 6.50% |
| Levelland, TX (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $2,364 | 3.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $17,254 | 7.25% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,752 | 6.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,320 | 7.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,701 | 7.13% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,682 | 6.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,217 | 7.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,015 | 7.25% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,678 | 6.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,435 | 6.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,494 | 5.88% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,373 | 7.38% |
| Lake City, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,483 | 6.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,650 | 3.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,893 | 6.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,044 | 7.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,291 | 6.63% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,790 | 6.63% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,159 | 6.63% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,023 | 8.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,578 | 7.63% |
| READING, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,118 | 6.63% |
| Athens, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,111 | 7.63% |
| Palestine, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,712 | 3.19% |
| Malvern, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,698 | 6.50% |
| Somerset, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,274 | 6.63% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,896 | 6.69% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,279 | 6.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,152 | 6.88% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,632 | 5.63% |
| Dublin, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,139 | 6.50% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,393 | 6.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,324 | 5.75% |
| Roswell, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,101 | 6.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,805 | 7.13% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,894 | 7.25% |
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Product Mix
For 2023, Homespire Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,203 originations. Their 2nd most popular type was FHA, with 665 originations.
Loan Reason
For 2023, 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 74 originations.
Loan Duration/Length
For 2023, Homespire Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,036 originations. The 2nd most popular length was 15 Year, with 71 originations.
Origination Fees/Closing Costs
Homespire Mortgage Corporation's average total fees were $8,730, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 642 originations.
Interest Rates
During 2023, Homespire Mortgage Corporation's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 6-7%, with 1,076 originations.
Loan Sizing
2023 saw Homespire Mortgage Corporation place emphasis on $200k-400k loans with 1,123 originations, totaling $331,745,000 in origination value.
Applicant Income
Homespire Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 564 originations. The second most popular income band? $75k-100k, with 511 originations.
Applicant Debt to Income Ratio
Homespire Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 324 originations. The next most common DTI ratio? 30-36%, with 233 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.77%
Homespire Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination70.24%
Homespire Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,120 | $636,240,000 | $300,113 |