Homespire Mortgage Corporation Rates, Fees & Info

BALTIMORE, MD

LEI: 549300MFY0P4D234OB91

Tax ID: 20-8279218

2.2 stars - Updated: 2/26/24 - out of 5 stars, based on 65 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Homespire Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. Homespire Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Hagerstown, Atlanta, and Orlando among others. We have data for 167 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 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 6.64% 2/26/24
30 Year Conventional Refi 6.71% 2/26/24
30 Year Cash-out Refi 6.98% 2/26/24
30 Year FHA Purchase 7.62% 2/26/24
30 Year FHA Refi 7.25% 2/26/24
30 Year VA Purchase 6.30% 2/26/24
30 Year VA Refi 5.78% 2/26/24
30 Year USDA Purchase 6.90% 2/26/24
15 Year Conventional Purchase 5.01% 2/26/24
15 Year Conventional Refi 6.24% 2/26/24
15 Year Cash-out Refi 6.24% 2/26/24
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

4,244

Origination Dollar Volume (All Markets)

$1,395,250,000

Awards

HOMESPIRE MORTGAGE CORPORATION 30 Year Conventional Loans bronze HOMESPIRE MORTGAGE CORPORATION 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Homespire Mortgage Corporation's average 30 year fixed mortgage rate was 4.96%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Homespire Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,739.

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 $4,750.

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) 1,491 $646,985,000 $433,927 $9,789 4.90%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 341 $115,975,000 $340,103 $8,841 4.97%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 226 $61,110,000 $270,398 $9,219 4.95%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 137 $46,145,000 $336,825 $8,824 5.07%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 161 $44,385,000 $275,683 $8,155 4.54%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 164 $42,290,000 $257,866 $6,568 5.14%
RALEIGH-CARY, NC (FHA|USDA|VA) 98 $28,950,000 $295,408 $5,169 4.62%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 103 $26,615,000 $258,398 $9,642 3.85%
COLUMBUS, OH (FHA|USDA|VA) 97 $25,975,000 $267,784 $5,846 5.33%
Outside of Metro Areas 121 $25,345,000 $209,463 $7,966 4.87%
FAYETTEVILLE, NC (FHA|USDA|VA) 93 $21,965,000 $236,183 $7,458 4.57%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 100 $20,840,000 $208,400 $6,510 5.13%
WINCHESTER, VA-WV (FHA|USDA|VA) 69 $19,425,000 $281,522 $8,493 5.30%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 55 $19,115,000 $347,545 $9,347 4.82%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 50 $17,170,000 $343,400 $7,952 5.01%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 65 $11,535,000 $177,462 $6,476 5.23%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 39 $9,775,000 $250,641 $7,950 4.44%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 42 $9,220,000 $219,524 $7,752 5.22%
SAVANNAH, GA (FHA|USDA|VA) 37 $9,085,000 $245,541 $8,732 5.06%
CUMBERLAND, MD-WV (FHA|USDA|VA) 56 $8,240,000 $147,143 $6,380 5.09%
RICHMOND, VA (FHA|USDA|VA) 27 $7,555,000 $279,815 $7,654 5.21%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 31 $7,215,000 $232,742 $6,183 5.11%
ALBUQUERQUE, NM (FHA|USDA|VA) 23 $6,665,000 $289,783 $8,730 4.36%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 29 $6,455,000 $222,586 $8,302 4.35%
BATON ROUGE, LA (FHA|USDA|VA) 27 $6,095,000 $225,741 $8,598 5.39%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 17 $6,015,000 $353,824 $10,949 4.45%
PORT ST. LUCIE, FL (FHA|USDA|VA) 22 $6,000,000 $272,727 $7,653 4.84%
YORK-HANOVER, PA (FHA|USDA|VA) 21 $5,615,000 $267,381 $9,514 4.59%
CHARLESTON, WV (FHA|USDA|VA) 27 $5,205,000 $192,778 $6,900 4.93%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $5,015,000 $334,333 $9,277 5.28%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 18 $4,700,000 $261,111 $7,302 5.74%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 12 $4,240,000 $353,333 $4,809 4.86%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 7 $4,235,000 $605,000 $13,973 4.75%
HARRISONBURG, VA (FHA|USDA|VA) 16 $3,900,000 $243,750 $8,945 6.27%
KANSAS CITY, MO-KS (FHA|USDA|VA) 12 $3,460,000 $288,333 $4,543 5.42%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 11 $3,445,000 $313,182 $8,224 4.74%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $3,400,000 $425,000 $14,072 4.77%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 13 $3,185,000 $245,000 $8,848 5.95%
SALISBURY, MD-DE (FHA|USDA|VA) 7 $3,075,000 $439,286 $10,337 5.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $2,985,000 $271,364 $8,629 4.65%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 14 $2,900,000 $207,143 $6,511 4.43%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 13 $2,865,000 $220,385 $6,187 4.41%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 16 $2,810,000 $175,625 $6,864 3.93%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,575,000 $367,857 $11,227 5.05%
Lumberton, NC (FHA|USDA|VA) 12 $2,350,000 $195,833 $6,113 4.74%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,110,000 $351,667 $9,826 5.54%
WARNER ROBINS, GA (FHA|USDA|VA) 9 $2,015,000 $223,889 $7,424 5.01%
GETTYSBURG, PA (FHA|USDA|VA) 8 $1,960,000 $245,000 $9,335 5.28%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,890,000 $315,000 $12,244 5.31%
JACKSONVILLE, FL (FHA|USDA|VA) 9 $1,855,000 $206,111 $6,076 4.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $1,840,000 $306,667 $4,505 3.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 5 $1,775,000 $355,000 $8,105 5.05%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,765,000 $353,000 $6,864 5.03%
LANCASTER, PA (FHA|USDA|VA) 8 $1,710,000 $213,750 $8,045 5.13%
GOLDSBORO, NC (FHA|USDA|VA) 7 $1,525,000 $217,857 $6,441 5.09%
OCALA, FL (FHA|USDA|VA) 7 $1,505,000 $215,000 $8,078 4.46%
Calhoun, GA (FHA|USDA|VA) 7 $1,485,000 $212,143 $6,536 4.63%
LYNCHBURG, VA (FHA|USDA|VA) 7 $1,435,000 $205,000 $6,958 6.25%
Jefferson, GA (FHA|USDA|VA) 3 $1,425,000 $475,000 $8,283 5.46%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,355,000 $451,667 $13,137 5.25%
MORGANTOWN, WV (FHA|USDA|VA) 6 $1,310,000 $218,333 $6,773 4.13%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 7 $1,305,000 $186,429 $8,008 5.04%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,300,000 $325,000 $10,726 4.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $1,255,000 $418,333 $13,278 4.46%
WILMINGTON, NC (FHA|USDA|VA) 3 $1,165,000 $388,333 $5,761 4.08%
Elizabeth City, NC (FHA|USDA|VA) 5 $1,135,000 $227,000 $7,152 5.53%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,075,000 $215,000 $7,213 4.30%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,065,000 $213,000 $7,706 4.98%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $8,699 5.46%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $8,109 5.16%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $1,000,000 $250,000 $11,473 4.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,000,000 $250,000 $5,663 4.53%
Sanford, NC (FHA|USDA|VA) 3 $905,000 $301,667 $4,879 6.08%
Georgetown, SC (FHA|USDA|VA) 2 $900,000 $450,000 $7,987 2.75%
JACKSONVILLE, NC (FHA|USDA|VA) 4 $870,000 $217,500 $4,145 5.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $855,000 $855,000 $13,828 3.50%
THE VILLAGES, FL (FHA|USDA|VA) 3 $825,000 $275,000 $6,219 5.54%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $815,000 $815,000 $19,871 5.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $795,000 $159,000 $7,067 5.23%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $775,000 $258,333 $11,518 5.00%
Statesboro, GA (FHA|USDA|VA) 3 $725,000 $241,667 $7,913 5.29%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $725,000 $725,000 $6,341 3.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $695,000 $695,000 $19,506 5.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $680,000 $340,000 $8,058 5.31%
Somerset, PA (FHA|USDA|VA) 5 $665,000 $133,000 $6,987 5.13%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $645,000 $645,000 $8,554 4.88%
Cambridge, MD (FHA|USDA|VA) 2 $620,000 $310,000 $8,779 5.50%
BURLINGTON, NC (FHA|USDA|VA) 2 $610,000 $305,000 $8,666 5.19%
PITTSBURGH, PA (FHA|USDA|VA) 2 $580,000 $290,000 $8,148 4.69%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $575,000 $575,000 $14,520 4.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $525,000 $525,000 $17,890 6.13%
NEW BERN, NC (FHA|USDA|VA) 2 $500,000 $250,000 $4,284 3.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $485,000 $485,000 $12,665 4.50%
GAINESVILLE, GA (FHA|USDA|VA) 2 $480,000 $240,000 $6,118 5.63%
Henderson, NC (FHA|USDA|VA) 1 $475,000 $475,000 $12,307 7.13%
ROME, GA (FHA|USDA|VA) 2 $450,000 $225,000 $8,328 5.38%
Sevierville, TN (FHA|USDA|VA) 1 $445,000 $445,000 $13,313 4.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $12,743 3.88%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $435,000 $435,000 $10,868 6.13%
GREELEY, CO (FHA|USDA|VA) 1 $425,000 $425,000 $11,085 4.00%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $425,000 $425,000 $6,154 6.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,668 4.13%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $395,000 $395,000 $4,439 7.13%
Palatka, FL (FHA|USDA|VA) 1 $395,000 $395,000 $205 5.75%
Huntingdon, PA (FHA|USDA|VA) 2 $390,000 $195,000 $8,267 4.69%
Levelland, TX (FHA|USDA|VA) 2 $390,000 $195,000 $7,896 4.81%
Pottsville, PA (FHA|USDA|VA) 3 $385,000 $128,333 $4,608 4.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $385,000 $385,000 $18,704 6.63%
Kerrville, TX (FHA|USDA|VA) 1 $385,000 $385,000 $15,896 4.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $385,000 $385,000 $4,008 3.63%
Danville, VA (FHA|USDA|VA) 1 $375,000 $375,000 $2,856 5.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $370,000 $185,000 $8,547 5.25%
LAWRENCE, KS (FHA|USDA|VA) 1 $345,000 $345,000 $4,190 5.50%
Clarksburg, WV (FHA|USDA|VA) 1 $345,000 $345,000 $10,397 5.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $320,000 $160,000 $6,738 4.31%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $315,000 $315,000 $17,152 5.25%
Rochelle, IL (FHA|USDA|VA) 1 $315,000 $315,000 $11,283 4.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $295,000 $295,000 $10,116 6.25%
MANSFIELD, OH (FHA|USDA|VA) 1 $295,000 $295,000 $3,818 3.88%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $285,000 $285,000 $9,761 5.75%
ALTOONA, PA (FHA|USDA|VA) 2 $280,000 $140,000 $7,703 4.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $275,000 $275,000 $4,432 7.63%
ODESSA, TX (FHA|USDA|VA) 1 $275,000 $275,000 $11,979 4.38%
Fairmont, WV (FHA|USDA|VA) 1 $275,000 $275,000 $4,632 6.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,654 4.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $5,226 7.25%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $255,000 $255,000 $7,835 5.63%
STAUNTON, VA (FHA|USDA|VA) 2 $250,000 $125,000 $6,770 7.75%
Toccoa, GA (FHA|USDA|VA) 1 $245,000 $245,000 $6,157 5.63%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,769 5.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $230,000 $115,000 $7,188 2.38%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,959 5.63%
WACO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,930 4.13%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $220,000 $110,000 $5,775 5.19%
APPLETON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $3,575 4.25%
Lewisburg, PA (FHA|USDA|VA) 1 $215,000 $215,000 $11,376 5.63%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $215,000 $215,000 $3,768 3.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $3,556 3.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $205,000 $205,000 $11,614 6.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,858 5.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $205,000 $205,000 $7,367 3.00%
MOBILE, AL (FHA|USDA|VA) 2 $190,000 $95,000 $3,250 3.94%
Pearsall, TX (FHA|USDA|VA) 1 $185,000 $185,000 $10,674 5.50%
Chillicothe, OH (FHA|USDA|VA) 1 $175,000 $175,000 $5,904 4.88%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $5,554 6.63%
Wooster, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,367 5.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $165,000 $165,000 $4,024 6.13%
Athens, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,728 6.63%
Corsicana, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,003 5.00%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $155,000 $155,000 $6,485 5.63%
DALTON, GA (FHA|USDA|VA) 1 $155,000 $155,000 $7,963 3.88%
ROANOKE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $4,686 7.00%
AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,220 5.13%
HAMMOND, LA (FHA|USDA|VA) 1 $155,000 $155,000 $7,841 5.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,925 5.88%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $145,000 $145,000 $1,043 5.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $145,000 $145,000 $4,240 5.38%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,356 5.63%
Sayre, PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,584 7.38%
EspaƱola, NM (FHA|USDA|VA) 1 $135,000 $135,000 $4,416 3.88%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $5,314 2.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,103 3.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,253 6.50%
Marshall, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,418 6.13%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,917 4.13%
Pampa, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,114 2.63%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $65,000 $65,000 $4,536 3.63%
Homespire Mortgage Corporation's top markets include Washington, Baltimore, Hagerstown, Atlanta, and Orlando among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,689 $886,995,000 $329,861 $6,669 4.87%
    FHA 1,127 $347,235,000 $308,106 $12,449 5.07%
    VA 333 $139,935,000 $420,225 $11,020 4.72%
    USDA 95 $21,085,000 $221,947 $7,674 4.59%

    For 2022, Homespire Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,689 originations. Their 2nd most popular type was FHA, with 1,127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,693 $1,243,045,000 $336,595 $8,742 4.97%
    Cash Out Refi 354 $96,430,000 $272,401 $7,899 4.70%
    Refi 175 $50,125,000 $286,429 $6,514 4.08%
    Home Improvement 22 $5,650,000 $256,818 $8,525 4.30%

    For 2022, Homespire Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,693 originations. The 2nd most popular reason was Cash Out Refi, with 354 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,075 $1,354,995,000 $332,514 $8,739 4.96%
    15 Year 114 $26,680,000 $234,035 $4,662 3.43%
    20 Year 25 $8,675,000 $347,000 $7,125 4.08%
    10 Year 18 $2,550,000 $141,667 $1,518 4.74%
    Other 11 $2,345,000 $213,182 $5,260 5.06%
    5 Year 1 $5,000 $5,000 $0 0.00%

    For 2022, Homespire Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,075 originations. The 2nd most popular length was 15 Year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,381 $482,035,000 $349,048
    $5k+ 1,088 $416,770,000 $383,061
    $2k-3k 613 $172,585,000 $281,542
    $3k-4k 487 $145,595,000 $298,963
    $4k-5k 399 $122,925,000 $308,083
    $<1k 253 $49,995,000 $197,609

    Homespire Mortgage Corporation's average total fees were $8,739, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,381 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,483 $478,685,000 $322,782
    4-5% 1,065 $368,655,000 $346,155
    3-4% 827 $293,815,000 $355,278
    6-7% 518 $161,800,000 $312,355
    7-8% 141 $41,055,000 $291,170
    2.5-3% 105 $41,015,000 $390,619
    <2.5% 101 $10,005,000 $99,059
    Over 8% 4 $220,000 $55,000

    During 2022, Homespire Mortgage Corporation's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 5-6%, with 1,483 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,201 $645,185,000 $293,133 $8,816 5.08%
    $400k-600k 761 $362,935,000 $476,919 $10,770 4.91%
    $100k-200k 751 $118,955,000 $158,395 $5,781 5.05%
    $600k-1MM 299 $216,385,000 $723,696 $11,293 4.63%
    $100,000 or less 197 $8,155,000 $41,396 $1,911 3.05%
    $1MM+ 35 $43,635,000 $1,246,714 $19,448 4.20%

    2022 saw Homespire Mortgage Corporation place emphasis on $200k-400k loans with 2,201 originations, totaling $645,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,159 $275,695,000 $237,873 $7,710 4.81%
    $75k-100k 929 $288,505,000 $310,554 $9,162 5.09%
    $100k-150k 899 $337,495,000 $375,412 $9,622 4.99%
    $150k-250k 547 $265,925,000 $486,152 $9,259 4.98%
    $50k or less 495 $83,625,000 $168,939 $6,164 4.64%
    $250k+ 208 $139,740,000 $671,827 $10,281 4.84%

    Homespire Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,159 originations. The second most popular income band? $75k-100k, with 929 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 595 $199,655,000 $335,555 $7,551 4.79%
    50-60% 503 $172,995,000 $343,926 $12,717 4.93%
    20-30% 488 $166,440,000 $341,066 $6,623 4.65%
    44% 256 $81,570,000 $318,633 $8,493 5.16%
    49% 236 $78,720,000 $333,559 $9,359 5.09%
    42% 214 $69,370,000 $324,159 $8,159 4.94%
    43% 202 $64,250,000 $318,069 $8,305 4.94%
    48% 188 $60,800,000 $323,404 $9,027 5.18%
    39% 182 $57,330,000 $315,000 $7,742 5.02%
    47% 181 $61,465,000 $339,586 $10,066 5.04%
    46% 179 $55,245,000 $308,631 $8,822 5.13%
    45% 177 $57,335,000 $323,927 $9,468 5.27%
    41% 172 $60,910,000 $354,128 $8,651 4.98%
    40% 150 $44,520,000 $296,800 $7,772 5.14%
    38% 149 $53,155,000 $356,745 $7,581 4.89%
    <20% 134 $33,600,000 $250,746 $4,703 3.82%
    37% 121 $39,765,000 $328,636 $7,340 4.89%
    36% 99 $30,595,000 $309,040 $8,162 4.81%
    >60% 14 $6,290,000 $449,286 $10,291 4.42%

    Homespire Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 595 originations. The next most common DTI ratio? 50-60%, with 503 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,724 $862,850,000 $316,758 $8,399 4.91%
    Not provided 795 $275,875,000 $347,013 $8,643 4.84%
    Black 513 $172,575,000 $336,404 $9,472 4.99%
    Asian 189 $76,485,000 $404,683 $8,484 4.89%
    American Indian 13 $4,355,000 $335,000 $6,784 5.32%
    Native Hawaiian or Islander 9 $2,895,000 $321,667 $10,934 4.79%
    Filipino 1 $215,000 $215,000 $8,027 5.25%

    Approval Rates

    Total approvals of all applications
    93.85%

    Homespire Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.80%

    Homespire Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,244 $1,395,250,000 $328,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,244 $1,395,250,000 $328,758

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $11,540,000 $206,071 $5,090 4.75%
    40-60% 211 $55,835,000 $264,621 $5,761 4.73%
    60-80% 864 $298,890,000 $345,938 $7,442 4.85%
    80-100% 2,882 $978,400,000 $339,486 $9,229 5.08%
    Over 100% 110 $48,630,000 $442,091 $16,530 4.69%
    Under 20% 121 $1,955,000 $16,157 $264 1.81%