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, Hagerstown, Tampa, and Harrisburg among others. We have data for 72 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.64% | 11/17/24 |
| 30 Year Conventional Refi | 6.71% | 11/17/24 |
| 30 Year Cash-out Refi | 6.98% | 11/17/24 |
| 30 Year FHA Purchase | 7.62% | 11/17/24 |
| 30 Year FHA Refi | 7.25% | 11/17/24 |
| 30 Year VA Purchase | 6.30% | 11/17/24 |
| 30 Year VA Refi | 5.78% | 11/17/24 |
| 30 Year USDA Purchase | 6.90% | 11/17/24 |
| 15 Year Conventional Purchase | 5.01% | 11/17/24 |
| 15 Year Conventional Refi | 6.24% | 11/17/24 |
| 15 Year Cash-out Refi | 6.24% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,797Origination Dollar Volume (All Markets)
$735,855,000Awards
HOMESPIRE MORTGAGE CORPORATION - 2018
HOMESPIRE MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,563 | $475,905,000 | $304,482 | $8,318 | 5.03% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 179 | $51,535,000 | $287,905 | $7,875 | 5.01% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 220 | $38,530,000 | $175,136 | $5,790 | 5.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 182 | $38,350,000 | $210,714 | $6,358 | 5.09% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 119 | $20,605,000 | $173,151 | $5,715 | 4.85% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 74 | $17,290,000 | $233,649 | $4,426 | 4.89% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 75 | $16,165,000 | $215,533 | $6,270 | 5.12% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 39 | $8,065,000 | $206,795 | $7,076 | 5.03% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 27 | $7,235,000 | $267,963 | $7,280 | 4.98% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 57 | $7,175,000 | $125,877 | $4,722 | 5.01% |
| Outside of Metro Areas | 35 | $6,545,000 | $187,000 | $5,885 | 5.16% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 27 | $4,945,000 | $183,148 | $5,420 | 4.82% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 29 | $4,675,000 | $161,207 | $4,200 | 4.96% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $4,145,000 | $460,556 | $8,330 | 4.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,625,000 | $375,000 | $7,063 | 4.48% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $2,525,000 | $194,231 | $4,376 | 4.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $8,304 | 5.33% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $5,938 | 4.90% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $2,110,000 | $527,500 | $8,608 | 3.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $7,666 | 5.06% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 10 | $1,710,000 | $171,000 | $5,428 | 4.80% |
| LANCASTER, PA (FHA|USDA|VA) | 9 | $1,665,000 | $185,000 | $5,571 | 4.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 8 | $1,560,000 | $195,000 | $8,319 | 5.16% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $4,736 | 5.00% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $7,636 | 5.17% |
| DOVER, DE (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,331 | 4.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $5,353 | 5.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,443 | 4.31% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,839 | 4.94% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,488 | 5.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,681 | 5.31% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $7,964 | 5.38% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,837 | 4.56% |
| Sunbury, PA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,585 | 5.06% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,019 | 4.75% |
| OCALA, FL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $5,988 | 5.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $8,549 | 5.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,933 | 5.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,753 | 4.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,885 | 4.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $5,212 | 4.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $4,753 | 5.54% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,748 | 5.00% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,959 | 5.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,529 | 6.13% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,340 | 4.88% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,214 | 4.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,966 | 5.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,958 | 5.56% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,087 | 4.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,399 | 5.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,548 | 5.25% |
| READING, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,080 | 4.88% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,564 | 5.63% |
| NILES, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,804 | 5.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,281 | 4.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,940 | 5.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,947 | 5.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,936 | 5.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,436 | 5.13% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,755 | 5.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,536 | 5.00% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,661 | 4.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,078 | 5.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,467 | 5.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,391 | 4.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,453 | 5.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,354 | 5.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,508 | 5.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,340 | 5.38% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,743 | 5.50% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,058 | 5.63% |
Similar Lenders
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Product Mix
For 2018, Homespire Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,305 originations. Their 2nd most popular type was FHA, with 1,177 originations.
Loan Reason
For 2018, Homespire Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,469 originations. The 2nd most popular reason was Refi, with 264 originations.
Loan Duration/Length
For 2018, Homespire Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,674 originations. The 2nd most popular length was 10 Year, with 50 originations.
Origination Fees/Closing Costs
Homespire Mortgage Corporation's average total fees were $7,542, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,423 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,480 | $401,180,000 | $271,068 |
| 5-6% | 1,148 | $291,380,000 | $253,815 |
| 3-4% | 95 | $37,245,000 | $392,053 |
| 7-8% | 49 | $345,000 | $7,041 |
| 6-7% | 25 | $5,705,000 | $228,200 |
During 2018, Homespire Mortgage Corporation's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 1,480 originations.
Loan Sizing
2018 saw Homespire Mortgage Corporation place emphasis on $200k-400k loans with 1,561 originations, totaling $445,275,000 in origination value.
Applicant Income
Homespire Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 983 originations. The second most popular income band? $75k-100k, with 614 originations.
Applicant Debt to Income Ratio
Homespire Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 520 originations. The next most common DTI ratio? 30-36%, with 292 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.34%
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 origination78.55%
Homespire Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,797 | $735,855,000 | $263,087 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 24 | $3,320,000 | $138,333 |
| Single Family (1-4 Units):Site-Built | 2,773 | $732,535,000 | $264,167 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Homes By Hunt LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |