Homepride Bank Mortgage Rates, Fees & Info

Mansfield, MO

LEI: 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

73

Origination Dollar Volume (All Markets)

$10,525,000

Top 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%
Homepride Bank's top markets include Springfield and West Plains among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $7,405,000 $189,872 $0 0.00%
    Refi 18 $1,910,000 $106,111 $0 0.00%
    Home Improvement 8 $520,000 $65,000 $0 0.00%
    Other 8 $690,000 $86,250 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,795,000 $51,286 $0 0.00%
    $200k-400k 19 $5,415,000 $285,000 $0 0.00%
    $100k-200k 18 $2,510,000 $139,444 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    2023 saw Homepride Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,425,000 $61,957 $0 0.00%
    $50k-75k 16 $2,260,000 $141,250 $0 0.00%
    $75k-100k 12 $1,790,000 $149,167 $0 0.00%
    $100k-150k 10 $1,900,000 $190,000 $0 0.00%
    $250k+ 3 $575,000 $191,667 $0 0.00%
    $150k-250k 2 $320,000 $160,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $7,940,000 $124,063 $0 0.00%
    Not applicable 7 $2,255,000 $322,143 $0 0.00%
    Black 1 $225,000 $225,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.39%

    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 origination
    90.41%

    Homepride Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 73 $10,525,000 $144,178

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    73 $10,525,000 $144,178