Hometown National Bank Mortgage Rates, Fees & Info
LaSalle, ILLEI: 254900RAPDJZFI07WS81
Tax ID: 36-1366389
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hometown National Bank is a smaller bank specializing in Home Purchase and Refi loans. Hometown National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Ottawa, Grand Junction, Niles, and Pensacola among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Hometown National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$12,650,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 36 | $8,320,000 | $231,111 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 38 | $3,040,000 | $80,000 | $0 | 0.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| West Plains, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $12,650,000 | $158,125 | $0 | 0.00% |
For 2022, Hometown National Bank's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2022, Hometown National Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $12,650,000 | $158,125 | $0 | 0.00% |
For 2022, Hometown National Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2022 saw Hometown National Bank place emphasis on $100,000 or less loans with 38 originations, totaling $2,130,000 in origination value.
Applicant Income
Hometown National Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $12,650,000 | $158,125 | $0 | 0.00% |
Hometown National Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.23%
Hometown National Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.25%
Hometown National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $12,650,000 | $158,125 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |