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 small mortgage company specializing in Home Purchase and Refi 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, Tampa, 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 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.71% | 4/21/24 |
| 30 Year Cash-out Refi | 6.98% | 4/21/24 |
| 30 Year FHA Purchase | 7.62% | 4/21/24 |
| 30 Year FHA Refi | 7.25% | 4/21/24 |
| 30 Year VA Purchase | 6.30% | 4/21/24 |
| 30 Year VA Refi | 5.78% | 4/21/24 |
| 30 Year USDA Purchase | 6.90% | 4/21/24 |
| 15 Year Conventional Purchase | 5.01% | 4/21/24 |
| 15 Year Conventional Refi | 6.24% | 4/21/24 |
| 15 Year Cash-out Refi | 6.24% | 4/21/24 |
| 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
4,283Origination Dollar Volume (All Markets)
$1,196,215,000Awards
HOMESPIRE MORTGAGE CORPORATION - 2019
HOMESPIRE MORTGAGE CORPORATION is a 2019 , due to their low .
For 2019, 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) | 2,195 | $747,625,000 | $340,604 | $7,923 | 4.28% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 282 | $79,350,000 | $281,383 | $7,565 | 4.36% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 333 | $78,685,000 | $236,291 | $6,824 | 4.30% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 263 | $50,015,000 | $190,171 | $6,041 | 4.51% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 121 | $29,345,000 | $242,521 | $4,297 | 4.24% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 138 | $27,410,000 | $198,623 | $5,799 | 4.43% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 92 | $21,540,000 | $234,130 | $6,587 | 4.43% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 106 | $16,930,000 | $159,717 | $3,679 | 4.45% |
| RICHMOND, VA (FHA|USDA|VA) | 58 | $12,420,000 | $214,138 | $5,506 | 4.12% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 101 | $12,355,000 | $122,327 | $5,328 | 4.53% |
| Outside of Metro Areas | 66 | $12,050,000 | $182,576 | $6,296 | 4.47% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 50 | $11,260,000 | $225,200 | $5,174 | 4.22% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 36 | $8,900,000 | $247,222 | $6,226 | 4.40% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 38 | $7,280,000 | $191,579 | $7,291 | 4.52% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 53 | $7,165,000 | $135,189 | $4,803 | 4.56% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 23 | $4,815,000 | $209,348 | $6,110 | 4.22% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 22 | $4,620,000 | $210,000 | $4,015 | 4.51% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 29 | $4,055,000 | $139,828 | $4,906 | 4.46% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 11 | $2,755,000 | $250,455 | $4,911 | 4.20% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $2,690,000 | $269,000 | $7,301 | 4.56% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 12 | $2,520,000 | $210,000 | $7,888 | 4.60% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $2,490,000 | $249,000 | $5,858 | 4.26% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $1,805,000 | $200,556 | $7,380 | 5.03% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $5,606 | 4.65% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $6,882 | 3.96% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $1,605,000 | $178,333 | $6,170 | 4.72% |
| Lumberton, NC (FHA|USDA|VA) | 10 | $1,550,000 | $155,000 | $5,149 | 4.30% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $5,126 | 4.53% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $10,078 | 3.94% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $4,040 | 3.96% |
| LANCASTER, PA (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $6,300 | 4.32% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $5,273 | 4.93% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $7,853 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $6,965 | 3.95% |
| Easton, MD (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $5,699 | 4.71% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $5,377 | 5.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $7,044 | 4.48% |
| MORGANTOWN, WV (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $4,876 | 4.30% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $5,722 | 4.29% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $6,559 | 4.52% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $3,565 | 4.28% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $5,701 | 4.35% |
| Sunbury, PA (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $5,516 | 4.46% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,111 | 4.29% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $6,241 | 4.08% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,328 | 5.38% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $3,937 | 3.25% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $8,272 | 4.42% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,941 | 3.44% |
| OCALA, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $6,179 | 4.44% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,861 | 4.58% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $5,500 | 5.28% |
| DOVER, DE (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,040 | 4.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,228 | 4.19% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $3,717 | 4.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,755 | 4.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,562 | 2.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,601 | 4.79% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,517 | 3.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,633 | 4.92% |
| Key West, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,374 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,685 | 4.69% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,344 | 3.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $1,837 | 4.04% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,752 | 4.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,025 | 4.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,664 | 3.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,892 | 4.44% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,547 | 5.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $469 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,311 | 5.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,846 | 4.63% |
| Sanford, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,287 | 3.88% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,312 | 3.38% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,663 | 5.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,001 | 3.63% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,140 | 4.56% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,260 | 3.25% |
| Jesup, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,257 | 4.25% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,656 | 4.19% |
| Somerset, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,865 | 4.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,475 | 4.75% |
| Henderson, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,387 | 3.88% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,618 | 3.88% |
| Laurinburg, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,348 | 4.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,906 | 4.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,282 | 5.13% |
| Crossville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.75% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,331 | 4.06% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,919 | 3.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,718 | 4.63% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,935 | 3.25% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,798 | 4.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,444 | 3.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,108 | 4.38% |
| Wilson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,980 | 5.00% |
| Angola, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,558 | 4.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,028 | 3.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,014 | 4.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,777 | 4.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,868 | 5.13% |
| MONROE, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,746 | 3.63% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,452 | 5.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,524 | 5.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,035 | 4.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $32 | 5.25% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,815 | 4.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,584 | 4.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,179 | 4.13% |
| MUSKEGON, MI (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $4,753 | 4.25% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,001 | 4.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,541 | 4.63% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,590 | 4.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,328 | 4.13% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,825 | 5.75% |
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Product Mix
For 2019, Homespire Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,045 originations. Their 2nd most popular type was FHA, with 1,662 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 3,231 | $854,305,000 | $264,409 | $7,172 | 4.45% |
| Refi | 1,052 | $341,910,000 | $325,010 | $6,440 | 4.00% |
For 2019, Homespire Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,231 originations. The 2nd most popular reason was Refi, with 1,052 originations.
Loan Duration/Length
For 2019, Homespire Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,061 originations. The 2nd most popular length was 15 Year, with 114 originations.
Origination Fees/Closing Costs
Homespire Mortgage Corporation's average total fees were $7,138, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,424 originations.
Interest Rates
During 2019, Homespire Mortgage Corporation's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 4-5%, with 2,137 originations.
Loan Sizing
2019 saw Homespire Mortgage Corporation place emphasis on $200k-400k loans with 2,357 originations, totaling $679,645,000 in origination value.
Applicant Income
Homespire Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,312 originations. The second most popular income band? $50k or less, with 1,020 originations.
Applicant Debt to Income Ratio
Homespire Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 584 originations. The next most common DTI ratio? 50-60%, with 580 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.02%
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 origination78.29%
Homespire Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,283 | $1,196,215,000 | $279,294 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 42 | $5,170,000 | $123,095 |
| Single Family (1-4 Units):Site-Built | 4,241 | $1,191,045,000 | $280,841 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Homespire Mortgage Corp | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Homespire Mortgage Corp | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |
| Homespire Mortgage Corp | Other type of mortgage | Trouble during payment process | 1 | 33.3% |