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Homespire Mortgage Corporation
Independent Mortgage Company•BALTIMORE, MD•Direct to Consumer
We analyzed every closed loan from Homespire Mortgage — 1.9k loans across 3k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · USDA
Place
Strong
Multi-Region · 21 mkts
Safe Rate Awards⭐VA Superstar⭐USDA Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Homespire Mortgage Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +42.1 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional22 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 945 | 48.9% | +0.356%Above | $3,849Fees | ||||
FHA Loans | 690 | 35.7% | +0.666%Above | $4,258Fees | ||||
VA Loans | 232 | 12.0% | -0.258%Below | $2,341Fees | ||||
USDA Loans | 62 | 3.2% | +0.198%Above | $2,423Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,784 | 92.3% | +0.427%Above | $3,767Fees | ||||
Refinance | 149 | 7.7% | +0.365%Above | $4,706Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,933
Applications
2,531
Volume
$636 million
Pricing & Closing
Avg Rate Spread
+0.421%
vs. market APOR
Avg Net Fees
$3,851
Origination − Credits
Pullthrough Rate
76.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$329,444
Avg Borrower Income
$114,851
Avg Property Value
$379,692
Geographic Coverage
Geographic Performance
Metro Areas
21
States Served
21
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
CTDCDEFLGAINKYLAMAMDMEMINCOHOKPARISCTXVAWV
Top Metro Areas by Place Specialization Score
1
Hagerstown, MD-WVMSA
Volume: 226Mix: 11.69%of portfolio
Place
Exceptional2
Winchester, VA, VA-WVMSA
Volume: 72Mix: 3.72%of portfolio
Place
Exceptional3
Frederick, MDMSA
Volume: 156Mix: 8.07%of portfolio
Place
Exceptional4
Washington, DC, DC-MDMSA
Volume: 159Mix: 8.23%of portfolio
Place
Strong5
Baltimore, MDMSA
Volume: 171Mix: 8.85%of portfolio
Place
Strong6
Virginia Beach, VA-NCMSA
Volume: 118Mix: 6.10%of portfolio
Place
Strong7
Arlington, VA-WVMSA
Volume: 124Mix: 6.41%of portfolio
Place
Strong8
Fayetteville, NC, NCMSA
Volume: 61Mix: 3.16%of portfolio
Place
Strong9
Charleston, WV, WVMSA
Volume: 33Mix: 1.71%of portfolio
Place
Strong10
Columbus, OH, OHMSA
Volume: 88Mix: 4.55%of portfolio
Place
StrongShowing 10 of 21 metro areas
Top States by Place Specialization Score
1
WVState
Volume: 309Mix: 15.99%of portfolio
Place
Exceptional2
MDState
Volume: 503Mix: 26.02%of portfolio
Place
Exceptional3
VAState
Volume: 350Mix: 18.11%of portfolio
Place
Strong4
NCState
Volume: 158Mix: 8.17%of portfolio
Place
Strong5
FLState
Volume: 182Mix: 9.42%of portfolio
Place
Strong6
RIState
Volume: 47Mix: 2.43%of portfolio
Place
Strong7
OHState
Volume: 100Mix: 5.17%of portfolio
Place
Sound8
PAState
Volume: 72Mix: 3.72%of portfolio
Place
Sound9
LAState
Volume: 48Mix: 2.48%of portfolio
Place
Sound10
DCState
Volume: 25Mix: 1.29%of portfolio
Place
SoundShowing 10 of 13 states
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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.