We compare mortgage interest rate and loan related closing costs at Semper Home Loans, Inc with other lenders for mortgages with similar borrower characteristics:
Interest Rate: higher than average (+0.08%)
Loan Related Closing Costs: higher than average (+$378)
Assessment: this lender tends to be a expensive lender.
This scoreboard is based on data reported to FFIEC. In the data, Semper Home Loans, Inc originated 545 mortgages, a national market share of 0.0%. It was most active in RI (0.8% market share), CT (0.0% market share), and MA (0.0% market share).
On average, Semper Home Loans, Inc’s interest rates were higher than those of comparable mortgages at other lenders (+0.08%).3The comparable mortgages control for Semper Home Loans, Inc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $6583, which was higher than those of comparable mortgages at $6204, with a difference of +$378. Overall, we estimate that Semper Home Loans, Inc tends to be an expensive lender, with a cost-adjusted-rate difference of +0.11% compared to comparable mortgages at other lenders.4Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Therefore, we recommend comparing your rate and fees with at least a few other lenders before signing with Semper Home Loans, Inc.
Semper Home Loans, Inc originated Conforming and FHA mortgages for new home purchases. It also originated FHA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from Semper Home Loans, Inc compared to other lenders
|Interest Rate Difference||+0.17%||+0.18%|
|Loan related Closing Cost Difference||+$658||+$842|
|Cost Adjusted Rate Difference||+0.23%||+0.25%|
Based on the table above, Semper Home Loans, Inc is more expensive than other lenders for Conforming and FHA purchase mortgages.
Mortgage Refinancing from Semper Home Loans, Inc compared to other lenders
|Interest Rate Difference||-0.16%||-0.08%|
|Loan Related Closing Cost Difference||-$88||-$689|
|Cost Adjusted Rate Difference||-0.16%||-0.14%|
Based on the table above, Semper Home Loans, Inc is cheap for FHA and VA mortgage refinance.
Other information about Semper Home Loans, Inc:
Regulator: United States Department of Housing and Urban Development (HUD)
Registered city and state: Providence, RI, 02907