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HOMESPIRE MORTGAGE CORPORATION
Independent Mortgage Company|BALTIMORE, MD|Multi-Region
Loans Originated
1,933
Applications
2,531
Volume
$636 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐VA Superstar⭐USDA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.421%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,851
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.4%
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 and USDA loans
Things to Think About
- Pricing may be below industry average
Report Card
HOMESPIRE MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 22 metro areas · 21 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$329,444
Average Borrower Income
$114,851
Average Property Value
$379,692
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 945 | 48.9% | +0.356% | $3,849 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 690 | 35.7% | +0.666% | $4,258 |
VA Loans | Strong | Strong | Sound | Exceptional | 232 | 12.0% | -0.258% | $2,341 |
USDA Loans | Strong | Exceptional | Sound | Exceptional | 62 | 3.2% | +0.198% | $2,423 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,784 | 92.3% | +0.427% | $3,767 |
Refinance | Sound | Strong | Mediocre | Strong | 149 | 7.7% | +0.365% | $4,706 |
Geographic Coverage
Metro Areas
21
States Served
21
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Hagerstown, MD-WVMSA
Volume: 226Mix: 11.69%
Place Specialization
Exceptional
2
Winchester, VA, VA-WVMSA
Volume: 72Mix: 3.72%
Place Specialization
Exceptional
3
Frederick, MDMSA
Volume: 156Mix: 8.07%
Place Specialization
Exceptional
4
Washington, DC, DC-MDMSA
Volume: 159Mix: 8.23%
Place Specialization
Strong
5
Baltimore, MDMSA
Volume: 171Mix: 8.85%
Place Specialization
Strong
6
Virginia Beach, VA-NCMSA
Volume: 118Mix: 6.10%
Place Specialization
Strong
7
Arlington, VA-WVMSA
Volume: 124Mix: 6.41%
Place Specialization
Strong
8
Fayetteville, NC, NCMSA
Volume: 61Mix: 3.16%
Place Specialization
Strong
9
Charleston, WV, WVMSA
Volume: 33Mix: 1.71%
Place Specialization
Strong
10
Columbus, OH, OHMSA
Volume: 88Mix: 4.55%
Place Specialization
Strong
Showing 10 of 21 metro areas
Top States by Place Specialization Score
1
WVState
Volume: 309Mix: 15.99%
Place Specialization
Exceptional
2
MDState
Volume: 503Mix: 26.02%
Place Specialization
Exceptional
3
VAState
Volume: 350Mix: 18.11%
Place Specialization
Strong
4
NCState
Volume: 158Mix: 8.17%
Place Specialization
Strong
5
FLState
Volume: 182Mix: 9.42%
Place Specialization
Strong
6
RIState
Volume: 47Mix: 2.43%
Place Specialization
Strong
7
OHState
Volume: 100Mix: 5.17%
Place Specialization
Sound
8
PAState
Volume: 72Mix: 3.72%
Place Specialization
Sound
9
LAState
Volume: 48Mix: 2.48%
Place Specialization
Sound
10
DCState
Volume: 25Mix: 1.29%
Place Specialization
Sound
Showing 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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