Home Mortgage Bankers Corp. Rates, Fees & InfoCarolina,
Tax ID: 66-0669989
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHome Mortgage Bankers Corp. is a smaller bank specializing in Home Purchase loans. They have a a high proportion of FHA loans. Home Mortgage Bankers Corp. has a low ratio of conventional loans. Their top markets by origination volume include: San Juan, Arecibo, Aguadilla, Ponce, and Santa Isabel among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)
Home Mortgage Bankers Corp. 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 Mortgage Bankers Corp. is typically a high 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 relatively high 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.57%||5/27/23|
|30 Year Conventional Refi||7.46%||5/27/23|
|30 Year Cash-out Refi||7.31%||5/27/23|
|30 Year FHA Purchase||8.05%||5/27/23|
|30 Year FHA Refi||6.27%||5/27/23|
|30 Year VA Purchase||6.27%||5/27/23|
|30 Year USDA Purchase||7.40%||5/27/23|
|15 Year Conventional Refi||5.68%||5/27/23|
|15 Year Cash-out Refi||5.68%||5/27/23|
|15 Year FHA Purchase||5.68%||5/27/23|
|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 Mortgage Bankers Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$70,270,000
Home Mortgage Bankers Corp.'s average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.85%.
Relative Fees (Closing Costs)
Home Mortgage Bankers Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $9,067.
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 $4,750.
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|
|SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA)||489||$64,725,000||$132,362||$9,168||5.58%|
|Arecibo, PR (FHA|USDA|VA)||15||$1,615,000||$107,667||$6,635||6.17%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||10||$1,510,000||$151,000||$11,001||6.33%|
|PONCE, PR (FHA|USDA|VA)||6||$660,000||$110,000||$7,073||5.71%|
|Santa Isabel, PR (FHA|USDA|VA)||3||$435,000||$145,000||$9,668||5.42%|
|SAN GERMÁN, PR (FHA|USDA|VA)||3||$415,000||$138,333||$9,522||6.25%|
|GUAYAMA, PR (FHA|USDA|VA)||4||$340,000||$85,000||$6,782||5.63%|
|YAUCO, PR (FHA|USDA|VA)||2||$200,000||$100,000||$6,573||5.38%|
|MAYAGÜEZ, PR (FHA|USDA|VA)||1||$95,000||$95,000||$4,638||5.25%|
|Jayuya, PR (FHA|USDA|VA)||1||$95,000||$95,000||$6,330||4.75%|
|Coco, PR (FHA|USDA|VA)||1||$95,000||$95,000||$6,655||6.75%|
|Coamo, PR (FHA|USDA|VA)||1||$85,000||$85,000||$0||4.75%|
Their top states include:
We use machine learning to identify the top lenders compared against HOME MORTGAGE BANKERS CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Home Mortgage Bankers Corp.'s most frequently originated type of loan was FHA, with 340 originations. Their 2nd most popular type was USDA, with 152 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||15||$2,125,000||$141,667||$9,328||5.08%|
For 2022, Home Mortgage Bankers Corp.'s most frequently cited loan purpose was Home Purchase, with 517 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Home Mortgage Bankers Corp.'s most frequently cited loan duration was 30 Year, with 526 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Home Mortgage Bankers Corp.'s average total fees were $9,067, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 112 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Home Mortgage Bankers Corp.'s average interest rate for loans was 5.61%, while their most frequently originated rate bucket for loans was 5-6%, with 201 originations.
2022 saw Home Mortgage Bankers Corp. place emphasis on $100k-200k loans with 289 originations, totaling $39,595,000 in origination value.
Home Mortgage Bankers Corp. lent most frequently to those with incomes in the $50k or less range, with 335 originations. The second most popular income band? $50k-75k, with 118 originations.
Applicant Debt to Income Ratio
Home Mortgage Bankers Corp. lent most frequently to those with DTI ratios of 30-36%, with 121 originations. The next most common DTI ratio? 20-30%, with 63 originations.
Approval RatesTotal approvals of all applications
Home Mortgage Bankers Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Home Mortgage Bankers Corp. has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|