Hometown Bank Of Pennsylvania Mortgage Rates, Fees & Info

Bedford, PA

LEI: 5493003ZHM6LK8T0QW13

Tax ID: 20-5997003

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Hometown Bank Of Pennsylvania is a smaller bank specializing in Home Purchase and Refi loans. Hometown Bank Of Pennsylvania has a high proportion of conventional loans. Their top markets by origination volume include: Altoona, Johnstown, Huntingdon, and Somerset among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hometown Bank Of Pennsylvania has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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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    Originations

    194

    Origination Dollar Volume (All Markets)

    $17,950,000

    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
    Outside of Metro Areas 160 $13,510,000 $84,438 $0 0.00%
    ALTOONA, PA (FHA|USDA|VA) 23 $2,855,000 $124,130 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 4 $1,290,000 $322,500 $0 0.00%
    Huntingdon, PA (FHA|USDA|VA) 6 $220,000 $36,667 $0 0.00%
    Somerset, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Hometown Bank Of Pennsylvania's top markets include Altoona, Johnstown, Huntingdon, and Somerset among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $17,950,000 $92,526 $0 0.00%

    For 2023, Hometown Bank Of Pennsylvania's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 62 $3,560,000 $57,419 $0 0.00%
    Other 48 $2,860,000 $59,583 $0 0.00%
    Home Purchase 45 $7,485,000 $166,333 $0 0.00%
    Refi 39 $4,045,000 $103,718 $0 0.00%

    For 2023, Hometown Bank Of Pennsylvania's most frequently cited loan purpose was Home Improvement, with 62 originations. The 2nd most popular reason was Other, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 194 $17,950,000 $92,526 $0 0.00%

    For 2023, Hometown Bank Of Pennsylvania's most frequently cited loan duration was Other, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 136 $6,150,000 $45,221 $0 0.00%
    $100k-200k 39 $5,405,000 $138,590 $0 0.00%
    $200k-400k 17 $4,775,000 $280,882 $0 0.00%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%
    $400k-600k 1 $465,000 $465,000 $0 0.00%

    2023 saw Hometown Bank Of Pennsylvania place emphasis on $100,000 or less loans with 136 originations, totaling $6,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 46 $2,940,000 $63,913 $0 0.00%
    $50k-75k 44 $3,310,000 $75,227 $0 0.00%
    $100k-150k 30 $2,840,000 $94,667 $0 0.00%
    $75k-100k 28 $1,850,000 $66,071 $0 0.00%
    $150k-250k 19 $2,175,000 $114,474 $0 0.00%
    $250k+ 12 $2,210,000 $184,167 $0 0.00%

    Hometown Bank Of Pennsylvania lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 194 $17,950,000 $92,526 $0 0.00%

    Hometown Bank Of Pennsylvania lent most frequently to those with DTI ratios of Exempt%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $15,850,000 $86,141 $0 0.00%
    Not applicable 9 $2,015,000 $223,889 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.56%

    Hometown Bank Of Pennsylvania has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.24%

    Hometown Bank Of Pennsylvania has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 194 $17,950,000 $92,526

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    194 $17,950,000 $92,526