Home Federal Bank Of Tennessee Mortgage Rates, Fees & Info
Knoxville, TNLEI: 5493001M37Q8TJKTP708
Tax ID: 62-0239150
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Mortgage Data
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, Johnson City, and Athens 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.12% | 12/16/24 |
| 30 Year Conventional Purchase | 6.26% | 12/16/24 |
| 30 Year Conventional Refi | 6.18% | 12/16/24 |
| 30 Year Cash-out Refi | 6.24% | 12/16/24 |
| 30 Year VA Purchase | 6.20% | 12/16/24 |
| 15 Year Conventional Purchase | 5.48% | 12/16/24 |
| 15 Year Conventional Refi | 5.48% | 12/16/24 |
| 15 Year Cash-out Refi | 5.48% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
923Origination Dollar Volume (All Markets)
$229,495,000Awards
Home Federal Bank of Tennessee - 2022
Home Federal Bank of Tennessee is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 810 | $198,190,000 | $244,679 | $4,428 | 3.56% |
| Sevierville, TN (FHA|USDA|VA) | 63 | $15,695,000 | $249,127 | $4,414 | 3.48% |
| MORRISTOWN, TN (FHA|USDA|VA) | 32 | $7,900,000 | $246,875 | $4,455 | 3.86% |
| Outside of Metro Areas | 8 | $3,620,000 | $452,500 | $6,474 | 3.89% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $2,170 | 3.91% |
| Athens, TN (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $6,312 | 2.83% |
| Dayton, TN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $11,076 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $10,609 | 4.50% |
| Crossville, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,212 | 4.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 5.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 733 | $205,455,000 | $280,293 | $4,448 | 3.94% |
| HELOC | 188 | $23,110,000 | $122,926 | n/a | 2.11% |
| VA | 2 | $930,000 | $465,000 | $12,241 | 4.19% |
For 2022, Home Federal Bank Of Tennessee's most frequently originated type of loan was Conventional, with 733 originations. Their 2nd most popular type was HELOC, with 188 originations.
Loan Reason
For 2022, Home Federal Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 404 originations. The 2nd most popular reason was Home Improvement, with 203 originations.
Loan Duration/Length
For 2022, Home Federal Bank Of Tennessee's most frequently cited loan duration was 30 Year, with 246 originations. The 2nd most popular length was 15 Year, with 226 originations.
Origination Fees/Closing Costs
Home Federal Bank Of Tennessee's average total fees were $5,836, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 249 originations.
Interest Rates
During 2022, Home Federal Bank Of Tennessee's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 258 originations.
Loan Sizing
2022 saw Home Federal Bank Of Tennessee place emphasis on $200k-400k loans with 268 originations, totaling $77,290,000 in origination value.
Applicant Income
Home Federal Bank Of Tennessee lent most frequently to those with incomes in the $100k-150k range, with 215 originations. The second most popular income band? $150k-250k, with 159 originations.
Applicant Debt to Income Ratio
Home Federal Bank Of Tennessee lent most frequently to those with DTI ratios of 20-30%, with 255 originations. The next most common DTI ratio? <20%, with 183 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.96%
Home Federal Bank Of Tennessee has an average approval rate.
Pick Rate
Approvals leading to origination90.47%
Home Federal Bank Of Tennessee has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 923 | $229,495,000 | $248,640 |