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Homesale Mortgage, LLC

Independent Mortgage Company|SUFFOLK, VA|Multi-Region
Loans Originated
510
Applications
589
Volume
$134 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong

Pricing and Pullthrough Overview

Average Rate Spread
+0.459%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,082
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
86.6%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA loans

Things to Think About

  • Pricing may be below industry average

Report Card

Homesale Mortgage, LLC performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
AcceptableNear industry average
Pull Through
Closing Strength
StrongHighly Competitive
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
FHA
StrongHighly Competitive
VA
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Places
Geographic coverage
StrongMulti-Regional · 10 metro areas · 6 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$262,980
Average Borrower Income
$110,435
Average Property Value
$318,745

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Strong
Acceptable
Strong
39377.1%+0.425%$2,130
FHA Loans
Sound
Strong
Acceptable
Strong
8416.5%+0.818%$1,828
VA Loans
Sound
Strong
Mediocre
Strong
305.9%+0.153%$1,959

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Strong
Acceptable
Strong
50398.6%+0.459%$2,076

Geographic Coverage

Metro Areas
9
States Served
6
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

DEMDNCPAVAWV

Top Metro Areas by Place Specialization Score

1
Lancaster, PA, PAMSA
Volume: 104Mix: 20.39%
Place Specialization
Exceptional
2
York, PAMSA
Volume: 97Mix: 19.02%
Place Specialization
Strong
3
Harrisburg, PAMSA
Volume: 56Mix: 10.98%
Place Specialization
Strong
4
Reading, PA, PAMSA
Volume: 50Mix: 9.80%
Place Specialization
Strong
5
Baltimore, MDMSA
Volume: 66Mix: 12.94%
Place Specialization
Strong
6
Gettysburg, PA, PAMSA
Volume: 19Mix: 3.73%
Place Specialization
Strong
7
Chambersburg, PA, PAMSA
Volume: 21Mix: 4.12%
Place Specialization
Strong
8
Lebanon, PA, PAMSA
Volume: 15Mix: 2.94%
Place Specialization
Sound
9
Hagerstown, MD-WVMSA
Volume: 11Mix: 2.16%
Place Specialization
Sound

Top States by Place Specialization Score

1
PAState
Volume: 419Mix: 82.16%
Place Specialization
Exceptional
2
MDState
Volume: 84Mix: 16.47%
Place Specialization
Strong

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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