Homespire Mortgage Corporation Rates, Fees & Info

BALTIMORE, MD

LEI: 549300MFY0P4D234OB91

Tax ID: 20-8279218

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • 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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Tampa, Baltimore, Orlando, and Hagerstown among others. We have data for 160 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 6.64% 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






    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

    8,199

    Origination Dollar Volume (All Markets)

    $2,444,745,000
    Show all (16) awards

    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) 3,715 $1,368,735,000 $368,435 $6,587 3.15%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 748 $182,630,000 $244,158 $6,335 3.24%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 504 $154,090,000 $305,734 $6,163 3.15%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 255 $62,655,000 $245,706 $6,113 3.01%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 277 $59,925,000 $216,336 $5,849 3.29%
    RALEIGH-CARY, NC (FHA|USDA|VA) 202 $52,820,000 $261,485 $4,086 3.03%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 213 $45,505,000 $213,638 $4,734 3.30%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 183 $38,605,000 $210,956 $5,138 3.16%
    WINCHESTER, VA-WV (FHA|USDA|VA) 158 $38,600,000 $244,304 $5,521 3.24%
    FAYETTEVILLE, NC (FHA|USDA|VA) 179 $33,545,000 $187,402 $4,455 3.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 115 $29,605,000 $257,435 $7,364 3.03%
    BATON ROUGE, LA (FHA|USDA|VA) 128 $26,320,000 $205,625 $6,887 3.22%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 90 $25,860,000 $287,333 $6,693 3.25%
    Outside of Metro Areas 126 $24,480,000 $194,286 $5,969 3.24%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 59 $22,075,000 $374,153 $5,038 3.05%
    RICHMOND, VA (FHA|USDA|VA) 93 $20,885,000 $224,570 $5,047 3.20%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 127 $19,985,000 $157,362 $5,798 3.27%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 79 $15,875,000 $200,949 $6,489 3.20%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 41 $14,015,000 $341,829 $4,223 3.06%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 60 $13,960,000 $232,667 $6,638 3.25%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 81 $13,695,000 $169,074 $6,608 3.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 43 $12,035,000 $279,884 $6,499 3.15%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 37 $9,915,000 $267,973 $6,519 3.38%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 57 $8,565,000 $150,263 $4,961 3.30%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 34 $8,240,000 $242,353 $6,209 3.22%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 34 $7,920,000 $232,941 $4,099 3.18%
    SALISBURY, MD-DE (FHA|USDA|VA) 23 $6,935,000 $301,522 $4,036 2.86%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $6,880,000 $382,222 $5,124 3.00%
    LANCASTER, PA (FHA|USDA|VA) 26 $6,320,000 $243,077 $5,862 3.23%
    YORK-HANOVER, PA (FHA|USDA|VA) 23 $5,225,000 $227,174 $5,979 3.06%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 16 $4,380,000 $273,750 $5,662 3.45%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 16 $4,140,000 $258,750 $5,278 3.29%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 16 $4,120,000 $257,500 $6,293 3.26%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 19 $3,925,000 $206,579 $6,311 3.22%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 16 $3,890,000 $243,125 $9,057 2.87%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 17 $3,815,000 $224,412 $5,095 3.01%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 18 $3,430,000 $190,556 $6,645 2.99%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 14 $3,270,000 $233,571 $6,891 3.37%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 15 $3,155,000 $210,333 $5,448 3.52%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $2,380,000 $198,333 $6,049 3.20%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 13 $2,305,000 $177,308 $4,411 3.74%
    SAVANNAH, GA (FHA|USDA|VA) 13 $2,295,000 $176,538 $4,443 3.27%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $2,280,000 $228,000 $4,860 3.18%
    WORCESTER, MA-CT (FHA|USDA|VA) 8 $2,210,000 $276,250 $5,060 2.72%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,980,000 $330,000 $7,853 3.15%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,860,000 $310,000 $6,713 3.02%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 10 $1,740,000 $174,000 $4,732 3.00%
    Key West, FL (FHA|USDA|VA) 4 $1,700,000 $425,000 $9,529 2.94%
    ROANOKE, VA (FHA|USDA|VA) 6 $1,650,000 $275,000 $7,205 3.06%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,630,000 $271,667 $4,249 3.04%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,500,000 $375,000 $6,094 2.94%
    ROCKY MOUNT, NC (FHA|USDA|VA) 8 $1,430,000 $178,750 $5,373 3.38%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,400,000 $350,000 $3,765 2.91%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,395,000 $465,000 $6,666 3.33%
    Lumberton, NC (FHA|USDA|VA) 8 $1,380,000 $172,500 $4,996 3.08%
    OCALA, FL (FHA|USDA|VA) 7 $1,335,000 $190,714 $7,100 3.75%
    LEBANON, PA (FHA|USDA|VA) 6 $1,260,000 $210,000 $6,193 2.79%
    PITTSFIELD, MA (FHA|USDA|VA) 2 $1,240,000 $620,000 $3,951 2.50%
    Boone, NC (FHA|USDA|VA) 4 $1,220,000 $305,000 $3,353 3.28%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,170,000 $585,000 $4,322 2.63%
    Easton, MD (FHA|USDA|VA) 3 $1,115,000 $371,667 $4,188 2.79%
    GOLDSBORO, NC (FHA|USDA|VA) 6 $1,090,000 $181,667 $4,339 2.65%
    MORGANTOWN, WV (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,822 3.09%
    BURLINGTON, NC (FHA|USDA|VA) 5 $1,015,000 $203,000 $4,181 2.85%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $4,285 2.75%
    HAMMOND, LA (FHA|USDA|VA) 4 $970,000 $242,500 $8,761 3.03%
    WILMINGTON, NC (FHA|USDA|VA) 4 $940,000 $235,000 $3,229 2.66%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $910,000 $227,500 $5,567 3.19%
    LAFAYETTE, LA (FHA|USDA|VA) 4 $900,000 $225,000 $4,178 3.13%
    GREELEY, CO (FHA|USDA|VA) 2 $900,000 $450,000 $6,787 2.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $860,000 $215,000 $3,892 3.88%
    GAINESVILLE, FL (FHA|USDA|VA) 4 $830,000 $207,500 $5,787 3.28%
    GETTYSBURG, PA (FHA|USDA|VA) 3 $775,000 $258,333 $7,221 3.08%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $760,000 $380,000 $4,327 3.06%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $740,000 $185,000 $3,562 3.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $695,000 $139,000 $5,715 3.30%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $690,000 $345,000 $3,375 2.94%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $685,000 $228,333 $5,326 3.46%
    HARRISONBURG, VA (FHA|USDA|VA) 3 $685,000 $228,333 $5,108 3.21%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $665,000 $221,667 $5,664 2.58%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $665,000 $665,000 $2 2.25%
    COLUMBIA, SC (FHA|USDA|VA) 2 $660,000 $330,000 $10,353 3.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 4 $630,000 $157,500 $5,031 2.72%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $625,000 $208,333 $6,830 3.33%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $615,000 $205,000 $3,998 2.71%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $580,000 $290,000 $3,590 2.94%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $575,000 $575,000 $3,595 3.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $570,000 $285,000 $3,510 3.13%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $570,000 $285,000 $3,120 2.56%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $565,000 $565,000 $3,691 2.75%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.75%
    DOVER, DE (FHA|USDA|VA) 2 $500,000 $250,000 $8,254 2.63%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $495,000 $495,000 $13,894 2.75%
    Sanford, NC (FHA|USDA|VA) 2 $470,000 $235,000 $2,408 3.06%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $470,000 $235,000 $6,534 4.19%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $455,000 $455,000 $7,879 2.75%
    Lewistown, PA (FHA|USDA|VA) 1 $435,000 $435,000 $20,852 2.75%
    Somerset, PA (FHA|USDA|VA) 3 $425,000 $141,667 $4,365 3.46%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,985 2.88%
    Morehead City, NC (FHA|USDA|VA) 1 $365,000 $365,000 $3,121 3.25%
    Sunbury, PA (FHA|USDA|VA) 6 $360,000 $60,000 $4,489 3.10%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $355,000 $355,000 $3,682 2.75%
    GREENVILLE, NC (FHA|USDA|VA) 2 $350,000 $175,000 $5,325 3.31%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $335,000 $335,000 $3,159 2.88%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $330,000 $165,000 $4,418 3.75%
    Fort Morgan, CO (FHA|USDA|VA) 1 $325,000 $325,000 $9,664 3.13%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $320,000 $160,000 $3,818 2.94%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,122 2.88%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $315,000 $315,000 $3,389 2.88%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $9,554 2.63%
    Lake City, FL (FHA|USDA|VA) 2 $280,000 $140,000 $6,670 3.69%
    Huntingdon, PA (FHA|USDA|VA) 2 $260,000 $130,000 $5,059 3.38%
    Selinsgrove, PA (FHA|USDA|VA) 1 $245,000 $245,000 $8,670 3.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,846 2.63%
    CHARLESTON, WV (FHA|USDA|VA) 2 $240,000 $120,000 $3,966 3.19%
    Rockingham, NC (FHA|USDA|VA) 2 $230,000 $115,000 $2,315 3.31%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $225,000 $225,000 $4,036 2.88%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,938 3.63%
    Laurinburg, NC (FHA|USDA|VA) 2 $220,000 $110,000 $4,526 3.81%
    Henderson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,405 3.50%
    Palatka, FL (FHA|USDA|VA) 2 $210,000 $105,000 $3,134 3.44%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,651 2.25%
    Shelbyville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $9,267 5.00%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,323 2.75%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,507 3.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,450 2.88%
    EL PASO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,131 4.38%
    Elizabeth City, NC (FHA|USDA|VA) 1 $195,000 $195,000 $8,116 3.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $5,367 2.88%
    READING, PA (FHA|USDA|VA) 1 $185,000 $185,000 $5,746 2.88%
    NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,037 2.75%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,895 3.88%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,303 3.38%
    Albemarle, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,074 2.75%
    Sevierville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $7,483 3.38%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,334 3.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $175,000 $175,000 $125 2.25%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,678 2.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,412 4.38%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,887 3.50%
    Wilmington, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,716 3.50%
    St. Marys, GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,790 3.63%
    Natchez, MS-LA (FHA|USDA|VA) 1 $135,000 $135,000 $6,271 2.75%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $135,000 $135,000 $3,163 3.25%
    BOULDER, CO (FHA|USDA|VA) 1 $135,000 $135,000 $2,939 2.75%
    Bradford, PA (FHA|USDA|VA) 1 $135,000 $135,000 $7,004 2.63%
    Wilson, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,828 2.88%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $125,000 $125,000 $7,652 3.75%
    ALTOONA, PA (FHA|USDA|VA) 1 $115,000 $115,000 $5,299 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,229 3.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,359 2.75%
    MUSKEGON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,670 4.38%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,555 3.25%
    Cadillac, MI (FHA|USDA|VA) 1 $85,000 $85,000 $3,890 3.50%
    Bogalusa, LA (FHA|USDA|VA) 1 $85,000 $85,000 $5,209 3.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $85,000 $85,000 $4,148 4.38%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $75,000 $75,000 $3,586 4.38%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $75,000 $75,000 $3,258 3.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $65,000 $65,000 $3,414 2.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $35,000 $35,000 $3,638 5.25%
    Homespire Mortgage Corporation's top markets include Washington, Tampa, Baltimore, Orlando, and Hagerstown 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 5,213 $1,604,105,000 $307,712 $4,739 3.17%
    FHA 2,063 $554,825,000 $268,941 $9,682 3.27%
    VA 689 $239,945,000 $348,251 $6,238 2.92%
    USDA 232 $45,760,000 $197,241 $6,068 3.12%
    HELOC 2 $110,000 $55,000 n/a 6.19%

    For 2020, Homespire Mortgage Corporation's most frequently originated type of loan was Conventional, with 5,213 originations. Their 2nd most popular type was FHA, with 2,063 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,015 $1,462,335,000 $291,592 $6,915 3.23%
    Refi 3,145 $972,995,000 $309,378 $4,925 3.07%
    Home Improvement 38 $9,220,000 $242,632 $5,140 3.13%
    Cash Out Refi 1 $195,000 $195,000 $4,469 3.50%

    For 2020, Homespire Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 5,015 originations. The 2nd most popular reason was Refi, with 3,145 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,337 $2,224,925,000 $303,247 $6,394 3.18%
    15 Year 475 $124,355,000 $261,800 $4,169 2.72%
    20 Year 216 $57,900,000 $268,056 $4,255 3.03%
    Other 97 $29,965,000 $308,918 $4,222 3.00%
    10 Year 74 $7,600,000 $102,703 $2,084 5.27%

    For 2020, Homespire Mortgage Corporation's most frequently cited loan duration was 30 Year, with 7,337 originations. The 2nd most popular length was 15 Year, with 475 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,294 $1,619,600,000 $305,931
    $2k-3k 1,057 $279,555,000 $264,480
    $3k-4k 527 $141,735,000 $268,947
    $<1k 523 $144,975,000 $277,199
    $5k+ 477 $170,155,000 $356,719
    $4k-5k 319 $88,615,000 $277,790

    Homespire Mortgage Corporation's average total fees were $6,394, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,294 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,330 $1,043,270,000 $313,294
    3-4% 3,309 $944,735,000 $285,505
    <2.5% 930 $310,000,000 $333,333
    4-5% 540 $133,890,000 $247,944
    5-6% 53 $12,295,000 $231,981
    7-8% 35 $305,000 $8,714
    6-7% 1 $45,000 $45,000
    Over 8% 1 $205,000 $205,000

    During 2020, Homespire Mortgage Corporation's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,330 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,456 $1,281,540,000 $287,599 $6,375 3.14%
    $100k-200k 1,843 $293,285,000 $159,135 $4,983 3.25%
    $400k-600k 1,295 $613,995,000 $474,127 $7,117 3.00%
    $600k-1MM 321 $227,535,000 $708,832 $8,041 3.02%
    $100,000 or less 275 $16,465,000 $59,873 $3,150 4.14%
    $1MM+ 9 $11,925,000 $1,325,000 $13,341 2.86%

    2020 saw Homespire Mortgage Corporation place emphasis on $200k-400k loans with 4,456 originations, totaling $1,281,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,344 $577,300,000 $246,288 $6,400 3.25%
    $50k or less 1,588 $333,260,000 $209,861 $5,632 3.18%
    $75k-100k 1,483 $443,415,000 $298,999 $6,500 3.20%
    $100k-150k 1,445 $501,805,000 $347,270 $6,293 3.11%
    $150k-250k 920 $387,440,000 $421,130 $5,838 3.05%
    $250k+ 385 $190,645,000 $495,182 $5,274 3.00%

    Homespire Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 2,344 originations. The second most popular income band? $50k or less, with 1,588 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,307 $404,795,000 $309,713 $4,882 3.06%
    30-36% 1,266 $374,850,000 $296,090 $5,519 3.13%
    50-60% 721 $201,105,000 $278,925 $9,496 3.26%
    44% 500 $146,550,000 $293,100 $6,391 3.22%
    <20% 461 $152,275,000 $330,315 $4,412 2.99%
    43% 378 $112,670,000 $298,069 $6,293 3.27%
    42% 325 $92,935,000 $285,954 $6,134 3.24%
    41% 315 $89,655,000 $284,619 $6,146 3.27%
    49% 308 $89,420,000 $290,325 $7,414 3.33%
    40% 289 $81,855,000 $283,235 $6,025 3.28%
    39% 288 $85,100,000 $295,486 $5,866 3.19%
    38% 280 $80,820,000 $288,643 $5,553 3.22%
    45% 273 $76,915,000 $281,740 $6,676 3.23%
    47% 250 $75,640,000 $302,560 $7,108 3.22%
    37% 231 $64,765,000 $280,368 $5,821 3.15%
    36% 224 $64,900,000 $289,732 $5,614 3.22%
    46% 221 $62,035,000 $280,701 $6,735 3.28%
    48% 219 $63,315,000 $289,110 $7,144 3.18%
    >60% 6 $2,690,000 $448,333 $11,997 2.67%

    Homespire Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,307 originations. The next most common DTI ratio? 30-36%, with 1,266 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,788 $1,689,160,000 $291,838 $6,022 3.18%
    Not provided 998 $331,950,000 $332,615 $6,243 3.10%
    Black 911 $251,775,000 $276,372 $7,279 3.28%
    Asian 465 $162,815,000 $350,140 $5,166 2.96%
    American Indian 30 $7,560,000 $252,000 $7,224 3.28%
    Native Hawaiian or Islander 7 $1,485,000 $212,143 $5,461 3.48%

    Approval Rates

    Total approvals of all applications
    96.55%

    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 origination
    80.01%

    Homespire Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,199 $2,444,745,000 $298,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 61 $8,725,000 $143,033
    Single Family (1-4 Units):Site-Built 8,138 $2,436,020,000 $299,339

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 99 $21,595,000 $218,131 $3,819 2.94%
    40-60% 556 $157,280,000 $282,878 $4,014 2.92%
    60-80% 2,137 $665,505,000 $311,420 $4,658 3.12%
    80-100% 5,122 $1,526,280,000 $297,985 $6,909 3.19%
    Over 100% 184 $65,010,000 $353,315 $11,843 2.98%
    Under 20% 77 $1,375,000 $17,857 $475 5.55%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Homespire Mortgage Corp Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Homespire Mortgage Corp FHA mortgage Closing on a mortgage 1 33.3%
    Homespire Mortgage Corp FHA mortgage Trouble during payment process 1 33.3%