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, Charleston, and Cleveland 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 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.

    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) 4.12% 4/18/24
    30 Year Conventional Purchase 6.26% 4/18/24
    30 Year Conventional Refi 6.18% 4/18/24
    30 Year Cash-out Refi 6.24% 4/18/24
    30 Year VA Purchase 6.20% 4/18/24
    15 Year Conventional Purchase 5.48% 4/18/24
    15 Year Conventional Refi 5.48% 4/18/24
    15 Year Cash-out Refi 5.48% 4/18/24
    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

    1,020

    Origination Dollar Volume (All Markets)

    $249,890,000

    Employee count

    408

    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) 927 $234,085,000 $252,519 $3,533 3.40%
    Sevierville, TN (FHA|USDA|VA) 56 $9,280,000 $165,714 $3,290 3.35%
    MORRISTOWN, TN (FHA|USDA|VA) 24 $4,010,000 $167,083 $3,695 3.33%
    Outside of Metro Areas 6 $910,000 $151,667 $3,008 3.64%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $4,089 4.50%
    CLEVELAND, TN (FHA|USDA|VA) 1 $385,000 $385,000 $1,002 4.13%
    Athens, TN (FHA|USDA|VA) 2 $380,000 $190,000 $4,662 3.44%
    Crossville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,358 4.38%
    Dayton, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,330 3.50%
    Newport, TN (FHA|USDA|VA) 1 $35,000 $35,000 $300 3.25%
    Home Federal Bank Of Tennessee's top markets include Knoxville, Sevierville, Morristown, Charleston, and Cleveland among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • South Carolina (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: 24
    ENRICHMENT
    Similarity Rank: 176
    Home Federal Bank of Tennessee
    Similarity Rank: 570
    CU COMMUNITY, LLC
    Similarity Rank: 840
    Y-12 Federal Credit Union
    Similarity Rank: 915
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 1313
    U. T.
    Similarity Rank: 1344
    Community Trust Bank, Inc.
    Similarity Rank: 1617
    ORNL Federal Credit Union
    Similarity Rank: 1728
    A Mortgage Boutique, LLC
    Similarity Rank: 1808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 815 $227,185,000 $278,755 $3,469 3.63%
    HELOC 197 $21,065,000 $106,929 n/a 2.43%
    VA 5 $1,285,000 $257,000 $9,248 3.43%
    FHA 3 $355,000 $118,333 $6,046 4.71%

    For 2019, Home Federal Bank Of Tennessee's most frequently originated type of loan was Conventional, with 815 originations. Their 2nd most popular type was HELOC, with 197 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 478 $173,720,000 $363,431 $4,565 3.63%
    Refi 245 $46,375,000 $189,286 $2,720 3.58%
    Home Improvement 151 $9,845,000 $65,199 $432 2.70%
    Other 100 $10,020,000 $100,200 $1,124 2.84%
    Cash Out Refi 46 $9,930,000 $215,870 $3,973 3.48%

    For 2019, Home Federal Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 478 originations. The 2nd most popular reason was Refi, with 245 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 306 $27,960,000 $91,373 $663 2.80%
    30 Year 233 $51,485,000 $220,966 $4,455 3.61%
    15 Year 182 $25,350,000 $139,286 $2,253 3.62%
    20 Year 137 $32,505,000 $237,263 $4,210 3.55%
    30+ year 67 $24,055,000 $359,030 $6,690 3.87%
    Other 57 $76,995,000 $1,350,789 $4,742 3.49%
    1 Year 26 $6,390,000 $245,769 $1,823 4.70%
    5 Year 11 $5,125,000 $465,909 $387 3.57%
    3 Year 1 $25,000 $25,000 $300 3.50%

    For 2019, Home Federal Bank Of Tennessee's most frequently cited loan duration was 10 Year, with 306 originations. The 2nd most popular length was 30 Year, with 233 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 253 $24,985,000 $98,755
    $2k-3k 190 $41,130,000 $216,474
    $1k-2k 142 $20,850,000 $146,831
    $3k-4k 120 $34,210,000 $285,083
    $4k-5k 43 $17,195,000 $399,884
    $5k+ 30 $15,280,000 $509,333

    Home Federal Bank Of Tennessee's average total fees were $4,455, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 253 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 605 $112,995,000 $186,769
    <2.5% 173 $31,795,000 $183,786
    4-5% 141 $87,155,000 $618,121
    2.5-3% 69 $13,045,000 $189,058
    5-6% 31 $4,735,000 $152,742
    6-7% 1 $165,000 $165,000

    During 2019, Home Federal Bank Of Tennessee's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 3-4%, with 605 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 341 $18,005,000 $52,801 $1,008 3.24%
    $200k-400k 310 $85,070,000 $274,419 $4,848 3.51%
    $100k-200k 295 $42,415,000 $143,780 $3,145 3.39%
    $400k-600k 59 $27,625,000 $468,220 $7,051 3.62%
    $600k-1MM 11 $7,585,000 $689,545 $8,159 4.22%
    $1MM+ 4 $69,190,000 $17,297,500 $0 3.68%

    2019 saw Home Federal Bank Of Tennessee place emphasis on $100,000 or less loans with 341 originations, totaling $18,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 204 $43,090,000 $211,225 $3,941 3.41%
    $50k or less 202 $19,470,000 $96,386 $2,331 3.33%
    $50k-75k 190 $26,600,000 $140,000 $3,230 3.40%
    $75k-100k 170 $29,750,000 $175,000 $3,706 3.34%
    $150k-250k 147 $36,345,000 $247,245 $4,873 3.42%
    $250k+ 70 $25,600,000 $365,714 $4,527 3.52%

    Home Federal Bank Of Tennessee lent most frequently to those with incomes in the $100k-150k range, with 204 originations. The second most popular income band? $50k or less, with 202 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 298 $51,080,000 $171,409 $3,465 3.29%
    <20% 204 $30,630,000 $150,147 $2,940 3.12%
    30-36% 183 $34,035,000 $185,984 $3,774 3.48%
    36% 34 $5,490,000 $161,471 $3,285 3.38%
    37% 32 $5,820,000 $181,875 $3,342 3.42%
    41% 31 $7,005,000 $225,968 $4,132 3.50%
    43% 28 $5,310,000 $189,643 $4,354 3.51%
    38% 25 $4,935,000 $197,400 $4,359 3.44%
    44% 25 $5,685,000 $227,400 $4,561 3.66%
    42% 23 $5,125,000 $222,826 $4,310 3.51%
    39% 23 $5,395,000 $234,565 $3,865 3.45%
    45% 17 $4,365,000 $256,765 $4,818 3.57%
    40% 15 $3,255,000 $217,000 $5,027 3.55%
    50-60% 13 $1,275,000 $98,077 $1,200 3.42%
    >60% 12 $2,590,000 $215,833 $1,469 3.83%
    46% 9 $1,565,000 $173,889 $3,242 3.71%
    47% 5 $875,000 $175,000 $1,444 3.63%
    48% 4 $410,000 $102,500 $758 4.00%
    49% 1 $485,000 $485,000 $4,818 4.50%

    Home Federal Bank Of Tennessee lent most frequently to those with DTI ratios of 20-30%, with 298 originations. The next most common DTI ratio? <20%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 967 $177,865,000 $183,935 $3,549 3.38%
    Not applicable 14 $66,270,000 $4,733,571 $651 4.39%
    Black 24 $3,330,000 $138,750 $2,491 3.59%
    Asian 12 $2,000,000 $166,667 $3,525 3.29%
    Vietnamese 1 $305,000 $305,000 $6,309 3.88%
    Not provided 1 $95,000 $95,000 $3,408 3.75%
    Asian Indian 1 $25,000 $25,000 $300 3.50%

    Approval Rates

    Total approvals of all applications
    93.23%

    Home Federal Bank Of Tennessee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.53%

    Home Federal Bank Of Tennessee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,020 $249,890,000 $244,990

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $61,715,000 $20,571,667
    Single Family (1-4 Units):Manufactured 2 $110,000 $55,000
    Single Family (1-4 Units):Site-Built 1,015 $188,065,000 $185,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 152 $16,200,000 $106,579 $1,426 3.14%
    40-60% 151 $73,535,000 $486,987 $3,111 3.41%
    60-80% 323 $79,545,000 $246,269 $4,527 3.56%
    80-100% 227 $57,955,000 $255,308 $4,515 3.61%
    Over 100% 3 $15,205,000 $5,068,333 $14,216 2.75%
    Under 20% 164 $7,450,000 $45,427 $531 3.02%

    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 $72,900
    Home Federal Bank of Tennessee 10396 Kingston Pike Knoxville, TN 37922 Full Service B&M $81,265
    Home Federal Bank of Tennessee 105 East Emory Road Powell, TN 37849 Full Service B&M $60,749
    Home Federal Bank of Tennessee 1125 Oak Ridge Turnpike Oak Ridge, TN 37830 Full Service B&M $50,825
    Home Federal Bank of Tennessee 11320 Chapman Highway Seymour, TN 37865 Full Service B&M $42,284
    Home Federal Bank of Tennessee 11686 Parkside Drive Knoxville, TN 37922 Full Service B&M $55,634
    Home Federal Bank of Tennessee 1700 Downtown West Blvd Knoxville, TN 37919 Full Service B&M $78,589
    Home Federal Bank of Tennessee 2940 South Mall Road Ne Knoxville, TN 37917 Full Service B&M $20,222
    Home Federal Bank of Tennessee 3001 East Magnolia Avenue Knoxville, TN 37914 Full Service B&M $67,439
    Home Federal Bank of Tennessee 307 Parkway Sevierville, TN 37862 Full Service B&M $58,589
    Home Federal Bank of Tennessee 3101 N. Broadway Knoxville, TN 37917 Full Service B&M $94,171
    Home Federal Bank of Tennessee 315 North Cedar Bluff Road Knoxville, TN 37923 Full Service B&M $83,033
    Home Federal Bank of Tennessee 3671 Parkway Pigeon Forge, TN 37863 Full Service B&M $9,702
    Home Federal Bank of Tennessee 4444 Chapman Highway Knoxville, TN 37920 Full Service B&M $110,483
    Home Federal Bank of Tennessee 4900 N Broadway Knoxville, TN 37918 Full Service B&M $93,614
    Home Federal Bank of Tennessee 501 Merchants Drive Knoxville, TN 37912 Full Service B&M $92,915
    Home Federal Bank of Tennessee 515 Market Street Knoxville, TN 37901 Full Service B&M $137,164
    Home Federal Bank of Tennessee 535 Parkway E. Gatlinburg, TN 37738 Full Service B&M $14,017
    Home Federal Bank of Tennessee 5538 Kingston Pike Knoxville, TN 37919 Full Service B&M $157,245
    Home Federal Bank of Tennessee 6948 Maynardville Highway Knoxville, TN 37918 Full Service B&M $118,702
    Home Federal Bank of Tennessee 7204 Oak Ridge Highway Knoxville, TN 37931 Full Service B&M $105,099
    Home Federal Bank of Tennessee 7502 Tazewell Pike Corryton, TN 37721 Full Service B&M $47,149
    Home Federal Bank of Tennessee 7600 Asheville Highway Knoxville, TN 37924 Full Service B&M $53,948

    For 2019, Home Federal Bank Of Tennessee had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $65,865
    Net interest income $52,512
    Total noninterest income $9,596
    Gross Fiduciary activities income $4,510
    Service charges on deposit accounts $1,571
    Trading account gains and fees $0
    Additional Noninterest Income $3,515
    Pre-tax net operating income $14,076
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,821
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,821
    Minority interest net income $0
    Net income $11,821
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,821

    Home Federal Bank Of Tennessee's gross interest income from loans was $65,865,000.
    Home Federal Bank Of Tennessee's net interest income from loans was $52,512,000.
    Home Federal Bank Of Tennessee's fee based income from loans was $1,571,000.
    Home Federal Bank Of Tennessee's net income from loans was $11,821,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,353
    Provision for credit losses $300
    Total noninterest expense $47,732
    Salaries and employee benefits $29,630
    Premises and equipment expense $6,998
    Additional noninterest expense $11,104
    Applicable income taxes $2,255
    Net charge-offs $-25
    Cash dividends $0

    Home Federal Bank Of Tennessee's interest expense for loans was $13,353,000.
    Home Federal Bank Of Tennessee's payroll and benefits expense were $29,630,000.
    Home Federal Bank Of Tennessee's property, plant and equipment expenses $6,998,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $1,766,413
    Deposits held in domestic offices $1,766,413
    Deposits by Individuals, partnerships, and corporations $1,740,283
    Deposits by U.S. Government $27
    Deposits by States and political subdivisions in the U.S. $21,074
    Deposits by Commercial banks and other depository institutions in U.S. $5,029
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $243,129
    Demand deposits $225,069
    Nontransaction accounts $1,523,284
    Money market deposit accounts (MMDAs) $549,388
    Other savings deposits (excluding MMDAs) $382,436
    Total time deposits $591,461
    Total time and savings deposits $1,541,344
    Noninterest-bearing deposits $222,413
    Interest-bearing deposits $1,544,000
    Retail deposits $1,645,388
    IRAs and Keogh plan accounts $151,825
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,259,866
    Cash & Balances due from depository institutions $106,640
    Interest-bearing balances $79,581
    Total securities $1,057,349
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,035,742
    Loan and leases loss allowance $9,312
    Trading account assets $8,085
    Bank premises and fixed assets $27,290
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $24,760

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,259,866
    Total Liabilities $1,846,626
    Total deposits $1,766,413
    Interest-bearing deposits $1,544,000
    Deposits held in domestic offices $1,766,413
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $66,784
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $13,429

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,035,742
    Loan and leases loss allowance $9,312
    Total loans and leases (domestic) $1,045,054
    All real estate loans $890,499
    Real estate loans in domestic offices $890,499
    Construction and development loans $85,492
    Residential 1-4 family construction $42,893
    Other construction, all land development and other land $42,599
    Loans secured by nonfarm nonresidential properties $291,585
    Nonfarm nonresidential secured by owner-occupied properties $118,196
    Commercial real estate & other non-farm, non-residential $173,389
    Multifamily residential real estate $10,269
    1-4 family residential loans $500,472
    Farmland loans $2,681
    Loans held in foreign offices $0
    Farm loans $53
    Commercial and industrial loans $43,603
    To non-U.S. addressees $0
    Loans to individuals $7,949
    Credit card loans $0
    Related Plans $164
    Consumer Auto Loans $390
    Other loans to individuals $7,395
    All other loans & leases $102,950
    Loans to foreign governments and official institutions $0
    Other loans $37,171
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,051
    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 $1,035,742,000 of loans outstanding in 2019. $890,499,000 of loans were in real estate loans. $85,492,000 of loans were in development loans. $10,269,000 of loans were in multifamily mortgage loans. $500,472,000 of loans were in 1-4 family mortgage loans. $53,000 of loans were in farm loans. $0 of loans were in credit card loans. $390,000 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 175 $45,266 $258,663
    Nonfarm, nonresidential loans - <$100k 21 $1,138 $54,190
    Nonfarm, nonresidential loans - $100-250k 57 $5,663 $99,351
    Nonfarm, nonresidential loans - $250k-1MM 97 $38,465 $396,546
    Commercial & Industrial, US addressed loans - <$1MM 142 $11,554 $81,366
    Commercial & Industrial, US addressed loans - <$100k 91 $1,904 $20,923
    Commercial & Industrial, US addressed loans - $100-250k 24 $1,888 $78,667
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $7,762 $287,481
    Farmland loans - <$1MM 4 $507 $126,750
    Farmland loans - $100-250k 3 $316 $105,333
    Farmland loans - $250k-1MM 1 $191 $191,000
    Agriculture operations loans - <$1MM 3 $53 $17,667
    Agriculture operations loans - <$100k 3 $53 $17,667