Home Federal Bank Of Tennessee Mortgage Rates, Fees & Info

Knoxville, TN

LEI: 5493001M37Q8TJKTP708

Tax ID: 62-0239150

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Knoxville, Sevierville, Morristown, Chattanooga, and Crestview among others. We have data for 8 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 an above 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.12% 4/21/24
    30 Year Conventional Purchase 6.26% 4/21/24
    30 Year Conventional Refi 6.18% 4/21/24
    30 Year Cash-out Refi 6.24% 4/21/24
    30 Year VA Purchase 6.20% 4/21/24
    15 Year Conventional Purchase 5.48% 4/21/24
    15 Year Conventional Refi 5.48% 4/21/24
    15 Year Cash-out Refi 5.48% 4/21/24
    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

    897

    Origination Dollar Volume (All Markets)

    $174,815,000

    Employee count

    409

    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

    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) 780 $152,300,000 $195,256 $3,161 3.57%
    Sevierville, TN (FHA|USDA|VA) 70 $11,150,000 $159,286 $2,558 3.55%
    MORRISTOWN, TN (FHA|USDA|VA) 34 $6,470,000 $190,294 $3,999 3.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $3,190,000 $1,595,000 $2,237 3.91%
    Outside of Metro Areas 8 $1,470,000 $183,750 $5,785 3.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.25%
    Newport, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,835 3.75%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $45,000 $45,000 $2,050 4.00%
    Home Federal Bank Of Tennessee's top markets include Knoxville, Sevierville, Morristown, Chattanooga, and Crestview among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (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.

    CONSUMER Credit Union
    Similarity Rank: 16
    CU COMMUNITY, LLC
    Similarity Rank: 192
    Home Federal Bank of Tennessee
    Similarity Rank: 376
    SmartBank
    Similarity Rank: 589
    HomeTrust Bank
    Similarity Rank: 779
    Y-12 Federal Credit Union
    Similarity Rank: 840
    U. T.
    Similarity Rank: 910
    Countybank
    Similarity Rank: 1122
    Community Trust Bank, Inc.
    Similarity Rank: 1128
    CLEARPATH LENDING
    Similarity Rank: 1288

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 710 $155,400,000 $218,873 $3,130 3.85%
    HELOC 181 $18,795,000 $103,840 n/a 2.46%
    FHA 5 $455,000 $91,000 $5,274 4.55%
    VA 1 $165,000 $165,000 $5,562 4.13%

    For 2018, Home Federal Bank Of Tennessee's most frequently originated type of loan was Conventional, with 710 originations. Their 2nd most popular type was HELOC, with 181 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 446 $115,640,000 $259,283 $4,268 3.93%
    Refi 185 $32,695,000 $176,730 $2,160 3.72%
    Home Improvement 140 $13,400,000 $95,714 $724 2.78%
    Other 112 $10,460,000 $93,393 $791 2.77%
    Cash Out Refi 14 $2,620,000 $187,143 $3,962 4.41%

    For 2018, Home Federal Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 446 originations. The 2nd most popular reason was Refi, with 185 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 286 $25,820,000 $90,280 $471 2.73%
    15 Year 163 $32,495,000 $199,356 $2,211 3.71%
    30 Year 156 $31,460,000 $201,667 $4,115 4.22%
    20 Year 136 $38,060,000 $279,853 $3,690 3.94%
    Other 84 $26,940,000 $320,714 $5,053 3.84%
    30+ year 43 $13,135,000 $305,465 $5,729 4.29%
    1 Year 16 $3,510,000 $219,375 $1,817 4.63%
    5 Year 12 $3,370,000 $280,833 $418 3.42%
    3 Year 1 $25,000 $25,000 $300 3.50%

    For 2018, Home Federal Bank Of Tennessee's most frequently cited loan duration was 10 Year, with 286 originations. The 2nd most popular length was 15 Year, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 244 $23,590,000 $96,680
    $1k-2k 178 $24,910,000 $139,944
    $2k-3k 133 $32,985,000 $248,008
    $3k-4k 69 $22,005,000 $318,913
    $4k-5k 33 $14,705,000 $445,606
    $5k+ 9 $6,065,000 $673,889

    Home Federal Bank Of Tennessee's average total fees were $4,115, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 412 $76,800,000 $186,408
    4-5% 235 $56,375,000 $239,894
    <2.5% 154 $32,540,000 $211,299
    2.5-3% 78 $6,740,000 $86,410
    5-6% 18 $2,360,000 $131,111

    During 2018, Home Federal Bank Of Tennessee's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 3-4%, with 412 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 323 $17,485,000 $54,133 $993 3.23%
    $100k-200k 290 $41,270,000 $142,310 $2,779 3.76%
    $200k-400k 223 $59,615,000 $267,332 $4,727 3.74%
    $400k-600k 46 $21,300,000 $463,043 $6,657 3.92%
    $1MM+ 9 $30,035,000 $3,337,222 $9,239 3.65%
    $600k-1MM 6 $5,110,000 $851,667 $9,787 4.21%

    2018 saw Home Federal Bank Of Tennessee place emphasis on $100,000 or less loans with 323 originations, totaling $17,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 196 $37,620,000 $191,939 $3,588 3.57%
    $50k or less 186 $16,860,000 $90,645 $2,235 3.55%
    $50k-75k 176 $22,660,000 $128,750 $2,640 3.55%
    $75k-100k 131 $20,905,000 $159,580 $3,197 3.51%
    $150k-250k 97 $21,155,000 $218,093 $4,269 3.56%
    $250k+ 74 $24,490,000 $330,946 $4,660 3.64%

    Home Federal Bank Of Tennessee lent most frequently to those with incomes in the $100k-150k range, with 196 originations. The second most popular income band? $50k or less, with 186 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 244 $39,220,000 $160,738 $3,098 3.58%
    <20% 198 $28,480,000 $143,838 $2,380 3.14%
    30-36% 158 $25,910,000 $163,987 $3,502 3.57%
    40% 33 $5,865,000 $177,727 $2,854 3.66%
    43% 27 $5,085,000 $188,333 $3,748 3.79%
    37% 24 $4,890,000 $203,750 $4,004 3.65%
    39% 23 $4,445,000 $193,261 $3,927 3.69%
    38% 21 $4,285,000 $204,048 $3,723 3.89%
    36% 21 $2,905,000 $138,333 $2,993 3.94%
    45% 20 $4,120,000 $206,000 $3,740 3.94%
    44% 19 $4,105,000 $216,053 $3,941 3.98%
    41% 17 $3,015,000 $177,353 $3,125 3.96%
    42% 15 $3,225,000 $215,000 $3,486 4.06%
    50-60% 12 $1,670,000 $139,167 $1,395 3.69%
    46% 9 $1,585,000 $176,111 $2,828 3.53%
    >60% 7 $1,845,000 $263,571 $2,270 3.87%
    47% 5 $1,205,000 $241,000 $4,587 3.27%
    49% 4 $770,000 $192,500 $3,390 3.69%
    48% 3 $205,000 $68,333 $1,377 3.33%

    Home Federal Bank Of Tennessee lent most frequently to those with DTI ratios of 20-30%, with 244 originations. The next most common DTI ratio? <20%, with 198 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 862 $144,280,000 $167,378 $3,172 3.56%
    Not applicable 18 $28,310,000 $1,572,778 $0 4.10%
    Asian 4 $1,050,000 $262,500 $4,096 3.72%
    Black 12 $1,000,000 $83,333 $1,212 3.75%
    Chinese 1 $175,000 $175,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    94.19%

    Home Federal Bank Of Tennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.76%

    Home Federal Bank Of Tennessee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 897 $174,815,000 $194,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $25,635,000 $3,662,143
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 889 $149,085,000 $167,700

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 156 $15,660,000 $100,385 $1,272 3.11%
    40-60% 119 $21,175,000 $177,941 $2,575 3.50%
    60-80% 307 $69,755,000 $227,215 $4,065 3.86%
    80-100% 184 $42,270,000 $229,728 $4,183 4.00%
    Over 100% 2 $17,210,000 $8,605,000 $0 1.13%
    Under 20% 129 $8,745,000 $67,791 $379 2.92%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Federal Bank of Tennessee 102 Foothills Mall Dr Maryville, TN 37801 Full Service B&M $70,590
    Home Federal Bank of Tennessee 10396 Kingston Pike Knoxville, TN 37922 Full Service B&M $75,877
    Home Federal Bank of Tennessee 105 East Emory Road Powell, TN 37849 Full Service B&M $60,062
    Home Federal Bank of Tennessee 1125 Oak Ridge Turnpike Oak Ridge, TN 37830 Full Service B&M $49,335
    Home Federal Bank of Tennessee 11320 Chapman Highway Seymour, TN 37865 Full Service B&M $38,321
    Home Federal Bank of Tennessee 11686 Parkside Drive Knoxville, TN 37922 Full Service B&M $47,070
    Home Federal Bank of Tennessee 1700 Downtown West Blvd Knoxville, TN 37919 Full Service B&M $80,670
    Home Federal Bank of Tennessee 2940 South Mall Road Ne Knoxville, TN 37917 Full Service B&M $18,989
    Home Federal Bank of Tennessee 3001 East Magnolia Avenue Knoxville, TN 37914 Full Service B&M $76,750
    Home Federal Bank of Tennessee 307 Parkway Sevierville, TN 37862 Full Service B&M $52,854
    Home Federal Bank of Tennessee 3101 N. Broadway Knoxville, TN 37917 Full Service B&M $94,300
    Home Federal Bank of Tennessee 315 North Cedar Bluff Road Knoxville, TN 37923 Full Service B&M $78,308
    Home Federal Bank of Tennessee 3671 Parkway Pigeon Forge, TN 37863 Full Service B&M $8,555
    Home Federal Bank of Tennessee 4444 Chapman Highway Knoxville, TN 37920 Full Service B&M $116,166
    Home Federal Bank of Tennessee 4900 N Broadway Knoxville, TN 37918 Full Service B&M $95,761
    Home Federal Bank of Tennessee 501 Merchants Drive Knoxville, TN 37912 Full Service B&M $88,584
    Home Federal Bank of Tennessee 515 Market Street Knoxville, TN 37901 Full Service B&M $154,860
    Home Federal Bank of Tennessee 535 Parkway E. Gatlinburg, TN 37738 Full Service B&M $15,267
    Home Federal Bank of Tennessee 5538 Kingston Pike Knoxville, TN 37919 Full Service B&M $152,044
    Home Federal Bank of Tennessee 6948 Maynardville Highway Knoxville, TN 37918 Full Service B&M $110,876
    Home Federal Bank of Tennessee 7204 Oak Ridge Highway Knoxville, TN 37931 Full Service B&M $98,137
    Home Federal Bank of Tennessee 7502 Tazewell Pike Corryton, TN 37721 Full Service B&M $44,222
    Home Federal Bank of Tennessee 7600 Asheville Highway Knoxville, TN 37924 Full Service B&M $46,867

    For 2018, Home Federal Bank Of Tennessee had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $63,137
    Net interest income $56,072
    Total noninterest income $9,138
    Gross Fiduciary activities income $4,313
    Service charges on deposit accounts $1,650
    Trading account gains and fees $0
    Additional Noninterest Income $3,175
    Pre-tax net operating income $15,863
    Securities gains (or losses, -) $0
    Income before extraordinary items $14,086
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,086
    Minority interest net income $0
    Net income $14,086
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,086

    Home Federal Bank Of Tennessee's gross interest income from loans was $63,137,000.
    Home Federal Bank Of Tennessee's net interest income from loans was $56,072,000.
    Home Federal Bank Of Tennessee's fee based income from loans was $1,650,000.
    Home Federal Bank Of Tennessee's net income from loans was $14,086,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,065
    Provision for credit losses $300
    Total noninterest expense $49,047
    Salaries and employee benefits $31,480
    Premises and equipment expense $6,172
    Additional noninterest expense $11,395
    Applicable income taxes $1,777
    Net charge-offs $59
    Cash dividends $0

    Home Federal Bank Of Tennessee's interest expense for loans was $7,065,000.
    Home Federal Bank Of Tennessee's payroll and benefits expense were $31,480,000.
    Home Federal Bank Of Tennessee's property, plant and equipment expenses $6,172,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,671,428
    Deposits held in domestic offices $1,671,428
    Deposits by Individuals, partnerships, and corporations $1,648,677
    Deposits by U.S. Government $35
    Deposits by States and political subdivisions in the U.S. $19,206
    Deposits by Commercial banks and other depository institutions in U.S. $3,510
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $223,463
    Demand deposits $208,568
    Nontransaction accounts $1,447,965
    Money market deposit accounts (MMDAs) $533,081
    Other savings deposits (excluding MMDAs) $399,115
    Total time deposits $515,769
    Total time and savings deposits $1,462,860
    Noninterest-bearing deposits $205,194
    Interest-bearing deposits $1,466,235
    Retail deposits $1,582,762
    IRAs and Keogh plan accounts $146,033
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,152,413
    Cash & Balances due from depository institutions $52,134
    Interest-bearing balances $21,342
    Total securities $1,067,100
    Federal funds sold & reverse repurchase $0
    Net loans and leases $977,199
    Loan and leases loss allowance $9,074
    Trading account assets $3,939
    Bank premises and fixed assets $24,586
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $27,455

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,152,413
    Total Liabilities $1,751,053
    Total deposits $1,671,428
    Interest-bearing deposits $1,466,235
    Deposits held in domestic offices $1,671,428
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $66,249
    Trading liabilities $0
    Other borrowed funds $3
    Subordinated debt $0
    All other liabilities $13,373

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $977,199
    Loan and leases loss allowance $9,074
    Total loans and leases (domestic) $986,273
    All real estate loans $862,067
    Real estate loans in domestic offices $862,067
    Construction and development loans $70,677
    Residential 1-4 family construction $32,608
    Other construction, all land development and other land $38,069
    Loans secured by nonfarm nonresidential properties $304,405
    Nonfarm nonresidential secured by owner-occupied properties $127,098
    Commercial real estate & other non-farm, non-residential $177,307
    Multifamily residential real estate $11,901
    1-4 family residential loans $472,691
    Farmland loans $2,393
    Loans held in foreign offices $0
    Farm loans $653
    Commercial and industrial loans $27,392
    To non-U.S. addressees $0
    Loans to individuals $9,361
    Credit card loans $0
    Related Plans $201
    Consumer Auto Loans $411
    Other loans to individuals $8,749
    All other loans & leases $86,800
    Loans to foreign governments and official institutions $0
    Other loans $34,645
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $10,483
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Home Federal Bank of Tennessee had $977,199,000 of loans outstanding in 2018. $862,067,000 of loans were in real estate loans. $70,677,000 of loans were in development loans. $11,901,000 of loans were in multifamily mortgage loans. $472,691,000 of loans were in 1-4 family mortgage loans. $653,000 of loans were in farm loans. $0 of loans were in credit card loans. $411,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 186 $46,126 $247,989
    Nonfarm, nonresidential loans - <$100k 25 $1,165 $46,600
    Nonfarm, nonresidential loans - $100-250k 63 $6,710 $106,508
    Nonfarm, nonresidential loans - $250k-1MM 98 $38,251 $390,316
    Commercial & Industrial, US addressed loans - <$1MM 158 $11,984 $75,848
    Commercial & Industrial, US addressed loans - <$100k 105 $2,365 $22,524
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,375 $79,167
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $7,244 $314,957
    Farmland loans - <$1MM 6 $729 $121,500
    Farmland loans - $100-250k 4 $391 $97,750
    Farmland loans - $250k-1MM 2 $338 $169,000
    Agriculture operations loans - <$1MM 4 $89 $22,250
    Agriculture operations loans - <$100k 4 $89 $22,250