Homepride Bank Mortgage Rates, Fees & Info
Mansfield, MOLEI: 254900ARBVNKXMFFP204
Tax ID: 44-0162160
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Mortgage Data
Review & Overview
Homepride Bank is a smaller bank specializing in Home Purchase loans. Homepride Bank has a high proportion of conventional loans. Their top two markets are Springfield and West Plains .Homepride Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
73Origination Dollar Volume (All Markets)
$10,525,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 45 | $6,015,000 | $133,667 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 27 | $4,375,000 | $162,037 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $10,525,000 | $144,178 | $0 | 0.00% |
For 2023, Homepride Bank's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2023, Homepride Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $10,525,000 | $144,178 | $0 | 0.00% |
For 2023, Homepride Bank's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2023 saw Homepride Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,795,000 in origination value.
Applicant Income
Homepride Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $10,525,000 | $144,178 | $0 | 0.00% |
Homepride Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.39%
Homepride Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.41%
Homepride Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $10,525,000 | $144,178 |