INSPIRE HOME LOANS INC. closing costs and rates (2024)
In 2024, INSPIRE HOME LOANS INC. originated 6,387 purchase mortgages at a median interest rate of 5.50% and median total closing costs of $8,906. That ranks #72 nationally by origination volume. For total closing costs among lenders with 500+ originations, INSPIRE HOME LOANS INC. ranks #500. That is $2,165 above the national median of $6,741. INSPIRE HOME LOANS INC. is most active in Texas with 1,255 originations there.
Purchase Originations
6,387
Ranked #72 nationally
Median Total Costs
$8,906
+32.1% vs national ($6,741)
Median Rate
5.500%
−16.9% vs national (6.620%)
Median Origination
$1,465
Median Lender Credits
$3,000
Cost Rank (500+ vol.)
#500
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 3,281 | 5.125% | $10,698 | $1,465 |
| conventional | 1,903 | 5.875% | $4,520 | $1,465 |
| va | 1,137 | 5.250% | $6,923 | $1,465 |
| usda | 66 | 5.125% | $6,794 | $1,195 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,255 | 4.875% | $10,022 | #54 |
| Florida | 767 | 5.250% | $8,964 | #60 |
| Arizona | 665 | 5.500% | $10,012 | #28 |
| California | 626 | 5.500% | $10,882 | #60 |
| Georgia | 602 | 5.875% | $7,423 | #45 |
| Colorado | 563 | 5.375% | $3,590 | #26 |
| Nevada | 457 | 5.625% | $4,866 | #18 |
| North Carolina | 304 | 5.625% | $7,365 | #75 |
| South Carolina | 278 | 5.750% | $7,502 | #57 |
| Washington | 249 | 5.875% | $5,269 | #57 |
| Tennessee | 212 | 5.438% | $10,131 | #70 |
| Indiana | 97 | 5.625% | $7,684 | #129 |
| Michigan | 96 | 5.875% | $8,518 | #110 |
| Alabama | 76 | 5.250% | $7,401 | #111 |
| Utah | 53 | 5.625% | $10,724 | #81 |
| Kentucky | 45 | 5.875% | $8,840 | — |
| Louisiana | 35 | 4.875% | $7,598 | — |
| Ohio | 7 | 5.625% | $8,167 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,528 | 5.500% | — | 94 | −$5,378 | |
| 2 | $3,532 | 5.375% | — | 198 | −$5,374 | |
| 3 | $4,866 | 5.625% | — | 457 | −$4,040 | |
| 4 | $4,942 | 6.125% | — | 75 | −$3,964 | |
| 5 | $5,203 | 6.125% | — | 91 | −$3,703 | |
| 6 | $7,305 | 5.875% | — | 97 | −$1,601 | |
| 7 | $7,682 | 5.625% | — | 82 | −$1,224 | |
| 8 | $9,126 | 4.938% | — | 140 | +$220 | |
| 9 | $9,213 | 4.875% | — | 275 | +$307 | |
| 10 | $9,559 | 5.000% | — | 111 | +$653 | |
| 11 | $10,094 | 5.500% | — | 339 | +$1,188 | |
| 12 | $10,311 | 4.875% | — | 254 | +$1,405 | |
| 13 | $10,570 | 5.312% | — | 76 | +$1,664 | |
| 14 | $10,584 | 4.875% | — | 89 | +$1,678 | |
| 15 | $10,678 | 5.562% | — | 88 | +$1,772 | |
| 16 | $10,970 | 4.875% | — | 104 | +$2,064 | |
| 17 | $11,660 | 5.375% | — | 92 | +$2,754 | |
| 18 | $11,977 | 5.375% | — | 67 | +$3,071 | |
| 19 | $12,457 | 5.250% | — | 104 | +$3,551 | |
| 20 | $12,508 | 4.875% | — | 192 | +$3,602 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.