Home Federal Bank Of Tennessee Mortgage Rates, Fees & Info

Knoxville, TN

LEI: 5493001M37Q8TJKTP708

Tax ID: 62-0239150

5 stars - Updated: 4/5/25 - out of 5 stars, based on 26 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Home Federal Bank Of Tennessee is a smaller bank specializing in Home Purchase loans. Home Federal Bank Of Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Sevierville, Morristown, Savannah, and Crossville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Federal Bank Of Tennessee 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. Home Federal Bank Of Tennessee is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 6.31% 4/5/25
    30 Year Conventional Refi 6.14% 4/5/25
    30 Year Cash-out Refi 6.49% 4/5/25
    30 Year VA Purchase 6.49% 4/5/25
    15 Year Conventional Purchase 5.95% 4/5/25
    15 Year Conventional Refi 6.25% 4/5/25
    15 Year Cash-out Refi 6.25% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Home Federal Bank Of Tennessee Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Home Federal Bank Of Tennessee. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    678

    Origination Dollar Volume (All Markets)

    $190,330,000

    Awards

    Home Federal Bank of Tennessee 30 Year Conventional Loans gold Home Federal Bank of Tennessee 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Home Federal Bank Of Tennessee's average 30 year fixed mortgage rate was 5.88%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.67%.

    Relative Fees (Closing Costs)

    Home Federal Bank Of Tennessee's average total fees/closing costs for a 30 year fixed rate mortgage were $7,043.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    KNOXVILLE, TN (FHA|USDA|VA) 619 $170,485,000 $275,420 $5,510 6.34%
    Sevierville, TN (FHA|USDA|VA) 33 $11,115,000 $336,818 $3,835 6.37%
    MORRISTOWN, TN (FHA|USDA|VA) 13 $4,905,000 $377,308 $7,351 5.93%
    Outside of Metro Areas 6 $1,820,000 $303,333 $6,248 5.81%
    SAVANNAH, GA (FHA|USDA|VA) 2 $750,000 $375,000 $7,712 7.38%
    Crossville, TN (FHA|USDA|VA) 1 $565,000 $565,000 $10,023 6.00%
    Newport, TN (FHA|USDA|VA) 1 $285,000 $285,000 $915 6.50%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.75%
    Athens, TN (FHA|USDA|VA) 1 $105,000 $105,000 $900 6.50%
    Home Federal Bank Of Tennessee's top markets include Knoxville, Sevierville, Morristown, Savannah, and Crossville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Home Federal Bank of Tennessee based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ENRICHMENT
    Similarity Rank: 230
    CONSUMER Credit Union
    Similarity Rank: 296
    Home Federal Bank of Tennessee
    Similarity Rank: 510
    Y-12 Federal Credit Union
    Similarity Rank: 602
    Community Trust Bank, Inc.
    Similarity Rank: 672
    Commercial Bank
    Similarity Rank: 912
    SouthEast Bank
    Similarity Rank: 1440
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 1494
    U. T.
    Similarity Rank: 1807
    ORNL Federal Credit Union
    Similarity Rank: 1836

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 548 $173,560,000 $316,715 $5,465 6.08%
    HELOC 129 $16,445,000 $127,481 n/a 7.41%
    VA 1 $325,000 $325,000 $5,907 5.75%

    For 2024, Home Federal Bank Of Tennessee's most frequently originated type of loan was Conventional, with 548 originations. Their 2nd most popular type was HELOC, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 373 $151,835,000 $407,064 $7,379 6.06%
    Home Improvement 151 $12,115,000 $80,232 $1,060 6.86%
    Refi 77 $16,165,000 $209,935 $3,339 6.29%
    Other 71 $8,245,000 $116,127 $1,827 6.74%
    Cash Out Refi 6 $1,970,000 $328,333 $6,652 5.92%

    For 2024, Home Federal Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 373 originations. The 2nd most popular reason was Home Improvement, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 249 $94,335,000 $378,855 $7,043 5.88%
    10 Year 145 $14,315,000 $98,724 $908 7.21%
    15 Year 126 $18,890,000 $149,921 $1,438 6.32%
    20 Year 59 $19,295,000 $327,034 $6,896 6.13%
    30+ year 45 $28,745,000 $638,778 $10,343 5.80%
    Other 45 $11,105,000 $246,778 $4,063 6.66%
    1 Year 6 $2,100,000 $350,000 $3,094 7.29%
    5 Year 2 $40,000 $20,000 $914 6.38%
    3 Year 1 $1,505,000 $1,505,000 $0 8.50%

    For 2024, Home Federal Bank Of Tennessee's most frequently cited loan duration was 30 Year, with 249 originations. The 2nd most popular length was 10 Year, with 145 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 176 $20,440,000 $116,136
    $5k+ 118 $77,150,000 $653,814
    $3k-4k 79 $23,225,000 $293,987
    $4k-5k 73 $27,915,000 $382,397
    $2k-3k 57 $14,165,000 $248,509
    $1k-2k 22 $3,360,000 $152,727

    Home Federal Bank Of Tennessee's average total fees were $7,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 176 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 365 $120,705,000 $330,699
    6-7% 201 $49,565,000 $246,592
    Over 8% 73 $9,815,000 $134,452
    7-8% 34 $8,480,000 $249,412
    4-5% 5 $1,765,000 $353,000

    During 2024, Home Federal Bank Of Tennessee's average interest rate for loans was 5.88%, while their most frequently originated rate bucket for loans was 5-6%, with 365 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 204 $59,510,000 $291,716 $5,707 6.08%
    $100,000 or less 174 $9,170,000 $52,701 $1,095 6.72%
    $100k-200k 137 $19,235,000 $140,401 $2,649 6.75%
    $400k-600k 101 $48,075,000 $475,990 $7,958 5.84%
    $600k-1MM 46 $31,510,000 $685,000 $11,033 5.80%
    $1MM+ 16 $22,830,000 $1,426,875 $17,366 6.44%

    2024 saw Home Federal Bank Of Tennessee place emphasis on $200k-400k loans with 204 originations, totaling $59,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 168 $46,750,000 $278,274 $5,461 6.16%
    $150k-250k 145 $46,255,000 $319,000 $6,677 6.30%
    $250k+ 98 $50,650,000 $516,837 $8,851 6.32%
    $75k-100k 91 $19,115,000 $210,055 $4,381 6.24%
    $50k-75k 89 $12,635,000 $141,966 $3,555 6.40%
    $50k or less 53 $3,975,000 $75,000 $2,020 6.52%

    Home Federal Bank Of Tennessee lent most frequently to those with incomes in the $100k-150k range, with 168 originations. The second most popular income band? $150k-250k, with 145 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 184 $50,990,000 $277,120 $5,495 6.28%
    30-36% 129 $36,255,000 $281,047 $5,644 6.37%
    <20% 97 $16,345,000 $168,505 $4,056 6.42%
    36% 33 $11,445,000 $346,818 $7,379 6.20%
    38% 30 $9,330,000 $311,000 $5,948 6.41%
    41% 28 $7,490,000 $267,500 $5,219 5.98%
    42% 26 $7,190,000 $276,538 $4,701 6.00%
    44% 21 $6,635,000 $315,952 $5,430 5.90%
    40% 20 $6,350,000 $317,500 $6,090 6.58%
    37% 19 $5,015,000 $263,947 $5,113 6.21%
    45% 15 $5,435,000 $362,333 $5,940 5.89%
    39% 15 $4,125,000 $275,000 $5,867 5.98%
    43% 13 $4,225,000 $325,000 $5,181 6.27%
    50-60% 8 $2,550,000 $318,750 $3,723 6.40%
    46% 6 $2,340,000 $390,000 $6,404 6.02%
    48% 5 $3,085,000 $617,000 $10,781 6.70%
    >60% 4 $2,350,000 $587,500 $8,862 6.56%
    49% 2 $400,000 $200,000 $900 6.75%
    47% 2 $320,000 $160,000 $1,857 6.25%

    Home Federal Bank Of Tennessee lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? 30-36%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 613 $167,025,000 $272,471 $5,391 6.31%
    Asian 18 $7,230,000 $401,667 $8,131 6.20%
    Not applicable 12 $6,580,000 $548,333 $2,457 7.95%
    Black 18 $3,890,000 $216,111 $3,689 6.21%
    Not provided 11 $3,705,000 $336,818 $8,327 6.33%
    American Indian 3 $1,065,000 $355,000 $8,951 6.88%
    Other Asian 1 $385,000 $385,000 $7,897 5.63%
    Native Hawaiian or Islander 1 $295,000 $295,000 $6,293 5.25%
    Asian Indian 1 $155,000 $155,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    91.28%

    Home Federal Bank Of Tennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.23%

    Home Federal Bank Of Tennessee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 678 $190,330,000 $280,723

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    678 $190,330,000 $280,723

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 118 $21,270,000 $180,254 $2,568 6.66%
    40-60% 67 $23,425,000 $349,627 $6,037 6.07%
    60-80% 205 $87,435,000 $426,512 $7,884 6.06%
    80-100% 108 $45,760,000 $423,704 $7,553 5.91%
    Under 20% 180 $12,440,000 $69,111 $1,082 6.79%