Hometown Bank Of Pennsylvania Mortgage Rates, Fees & Info

Bedford, PA

LEI: 5493003ZHM6LK8T0QW13

Tax ID: 20-5997003

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Mortgage Data

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

    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, Somerset, Youngstown, and Johnstown 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 a below average pick rate when compared to similar lenders. Hometown Bank Of Pennsylvania 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.

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    Originations

    139

    Origination Dollar Volume (All Markets)

    $17,095,000

    Employee count

    45

    Awards

    Hometown Bank of Pennsylvania 30 Year Conventional Loans bronze Hometown Bank of Pennsylvania 30 Year Conventional Loans gold Hometown Bank of Pennsylvania 30 Year Conventional Loans gold
    Show all (3) 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
    Outside of Metro Areas 124 $12,040,000 $97,097 $990 4.37%
    ALTOONA, PA (FHA|USDA|VA) 11 $4,825,000 $438,636 $1,755 4.52%
    Somerset, PA (FHA|USDA|VA) 2 $90,000 $45,000 $2,195 4.30%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,391 4.50%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,435 4.50%
    Hometown Bank Of Pennsylvania's top markets include Altoona, Somerset, Youngstown, and Johnstown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $17,095,000 $122,986 $1,081 4.38%

    For 2018, Hometown Bank Of Pennsylvania's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $6,345,000 $135,000 $2,602 4.51%
    Home Improvement 30 $870,000 $29,000 $12 4.12%
    Refi 26 $6,070,000 $233,462 $621 4.43%
    Cash Out Refi 20 $3,240,000 $162,000 $1,043 4.57%
    Other 16 $570,000 $35,625 $151 4.18%

    For 2018, Hometown Bank Of Pennsylvania's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Home Improvement, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 33 $1,935,000 $58,636 $103 4.54%
    30 Year 30 $5,540,000 $184,667 $2,702 4.10%
    5 Year 27 $615,000 $22,778 $10 3.87%
    15 Year 18 $1,960,000 $108,889 $673 5.27%
    Other 15 $1,445,000 $96,333 $687 4.32%
    30+ year 8 $1,200,000 $150,000 $2,660 4.20%
    20 Year 7 $4,385,000 $626,429 $3,798 4.94%
    3 Year 1 $15,000 $15,000 $0 3.74%

    For 2018, Hometown Bank Of Pennsylvania's most frequently cited loan duration was 10 Year, with 33 originations. The 2nd most popular length was 30 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 75 $3,285,000 $43,800
    $1k-2k 49 $8,855,000 $180,714

    Hometown Bank Of Pennsylvania's average total fees were $2,702, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 75 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 69 $8,115,000 $117,609
    3-4% 48 $3,720,000 $77,500
    5-6% 19 $5,085,000 $267,632
    6-7% 2 $160,000 $80,000
    2.5-3% 1 $15,000 $15,000

    During 2018, Hometown Bank Of Pennsylvania's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 4-5%, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $3,905,000 $41,989 $490 4.36%
    $100k-200k 24 $3,340,000 $139,167 $2,129 4.53%
    $200k-400k 17 $4,225,000 $248,529 $2,184 4.22%
    $400k-600k 3 $1,505,000 $501,667 $3,774 4.12%
    $1MM+ 1 $3,205,000 $3,205,000 $0 5.75%
    $600k-1MM 1 $915,000 $915,000 $7,358 4.50%

    2018 saw Hometown Bank Of Pennsylvania place emphasis on $100,000 or less loans with 93 originations, totaling $3,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $2,360,000 $53,636 $702 4.28%
    $50k-75k 37 $3,525,000 $95,270 $1,291 4.41%
    $75k-100k 28 $2,710,000 $96,786 $1,208 4.47%
    $100k-150k 18 $2,820,000 $156,667 $1,182 4.46%
    $150k-250k 4 $790,000 $197,500 $1,346 4.06%
    $250k+ 3 $1,165,000 $388,333 $7,358 4.50%

    Hometown Bank Of Pennsylvania lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $2,675,000 $92,241 $1,020 4.10%
    <20% 26 $1,700,000 $65,385 $997 4.27%
    30-36% 24 $1,340,000 $55,833 $791 4.23%
    37% 6 $650,000 $108,333 $1,309 4.10%
    36% 5 $555,000 $111,000 $1,442 4.11%
    39% 1 $95,000 $95,000 $2,907 4.50%
    40% 1 $25,000 $25,000 $0 4.49%
    41% 1 $95,000 $95,000 $0 5.75%
    >60% 1 $325,000 $325,000 $4,824 4.50%

    Hometown Bank Of Pennsylvania lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? <20%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $13,410,000 $98,603 $1,081 4.36%
    Not applicable 3 $3,685,000 $1,228,333 $0 5.17%

    Approval Rates

    Total approvals of all applications
    81.90%

    Hometown Bank Of Pennsylvania has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.61%

    Hometown Bank Of Pennsylvania has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 139 $17,095,000 $122,986

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $3,375,000 $1,125,000
    Single Family (1-4 Units):Manufactured 30 $1,610,000 $53,667
    Single Family (1-4 Units):Site-Built 106 $12,110,000 $114,245

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $1,940,000 $74,615 $790 4.51%
    40-60% 17 $1,825,000 $107,353 $1,557 4.26%
    60-80% 27 $7,045,000 $260,926 $1,632 4.64%
    80-100% 25 $4,715,000 $188,600 $2,493 4.47%
    Over 100% 1 $125,000 $125,000 $0 5.50%
    Under 20% 42 $1,090,000 $25,952 $25 4.10%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Closing on a mortgage 2 4.9%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 4 9.8%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 13 31.7%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE FHA mortgage Trouble during payment process 3 7.3%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 4.9%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE Home equity loan or line of credit (HELOC) Trouble during payment process 5 12.2%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.4%
    HUNTINGTON NATIONAL BANK, THE Other type of mortgage Trouble during payment process 7 17.1%
    HUNTINGTON NATIONAL BANK, THE VA mortgage Closing on a mortgage 1 2.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hometown Bank of Pennsylvania 13174 Dunnings Hwy Claysburg, PA 16625 Full Service B&M $6,688
    Hometown Bank of Pennsylvania 306 West Main Street Everett, PA 15537 Full Service B&M $64,968
    Hometown Bank of Pennsylvania 638 East Pitt Street Bedford, PA 15522 Full Service B&M $84,971

    For 2018, Hometown Bank Of Pennsylvania had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,870
    Net interest income $5,742
    Total noninterest income $555
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $191
    Trading account gains and fees $0
    Additional Noninterest Income $364
    Pre-tax net operating income $1,774
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,448
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,448
    Minority interest net income $0
    Net income $1,448
    Sale, conversion, retirement of capital stock, net $1
    Net operating income $1,448

    Hometown Bank Of Pennsylvania's gross interest income from loans was $6,870,000.
    Hometown Bank Of Pennsylvania's net interest income from loans was $5,742,000.
    Hometown Bank Of Pennsylvania's fee based income from loans was $191,000.
    Hometown Bank Of Pennsylvania's net income from loans was $1,448,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,128
    Provision for credit losses $-125
    Total noninterest expense $4,648
    Salaries and employee benefits $2,254
    Premises and equipment expense $371
    Additional noninterest expense $2,023
    Applicable income taxes $326
    Net charge-offs $231
    Cash dividends $307

    Hometown Bank Of Pennsylvania's interest expense for loans was $1,128,000.
    Hometown Bank Of Pennsylvania's payroll and benefits expense were $2,254,000.
    Hometown Bank Of Pennsylvania's property, plant and equipment expenses $371,000.

    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 $158,542
    Deposits held in domestic offices $158,542
    Deposits by Individuals, partnerships, and corporations $155,658
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,884
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $49,113
    Demand deposits $29,582
    Nontransaction accounts $109,429
    Money market deposit accounts (MMDAs) $9,575
    Other savings deposits (excluding MMDAs) $20,201
    Total time deposits $79,653
    Total time and savings deposits $128,960
    Noninterest-bearing deposits $29,582
    Interest-bearing deposits $128,960
    Retail deposits $148,589
    IRAs and Keogh plan accounts $9,902
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $176,041
    Cash & Balances due from depository institutions $7,052
    Interest-bearing balances $1,302
    Total securities $11,558
    Federal funds sold & reverse repurchase $2,700
    Net loans and leases $149,833
    Loan and leases loss allowance $1,602
    Trading account assets $0
    Bank premises and fixed assets $3,595
    Other real estate owned $163
    Goodwill and other intangibles $0
    All other assets $1,140

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $176,041
    Total Liabilities $159,017
    Total deposits $158,542
    Interest-bearing deposits $128,960
    Deposits held in domestic offices $158,542
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $475

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $149,833
    Loan and leases loss allowance $1,602
    Total loans and leases (domestic) $151,435
    All real estate loans $132,227
    Real estate loans in domestic offices $132,227
    Construction and development loans $2,903
    Residential 1-4 family construction $927
    Other construction, all land development and other land $1,976
    Loans secured by nonfarm nonresidential properties $40,627
    Nonfarm nonresidential secured by owner-occupied properties $28,945
    Commercial real estate & other non-farm, non-residential $11,682
    Multifamily residential real estate $6,766
    1-4 family residential loans $70,599
    Farmland loans $11,332
    Loans held in foreign offices $0
    Farm loans $880
    Commercial and industrial loans $16,224
    To non-U.S. addressees $0
    Loans to individuals $1,611
    Credit card loans $0
    Related Plans $199
    Consumer Auto Loans $471
    Other loans to individuals $941
    All other loans & leases $493
    Loans to foreign governments and official institutions $0
    Other loans $42
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,018
    Non 1-4 family restructured loans & leases $220
    Total loans and leases (foreign) $0

    Hometown Bank of Pennsylvania had $149,833,000 of loans outstanding in 2018. $132,227,000 of loans were in real estate loans. $2,903,000 of loans were in development loans. $6,766,000 of loans were in multifamily mortgage loans. $70,599,000 of loans were in 1-4 family mortgage loans. $880,000 of loans were in farm loans. $0 of loans were in credit card loans. $471,000 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 121 $20,411 $168,686
    Nonfarm, nonresidential loans - <$100k 46 $1,673 $36,370
    Nonfarm, nonresidential loans - $100-250k 40 $5,056 $126,400
    Nonfarm, nonresidential loans - $250k-1MM 35 $13,682 $390,914
    Commercial & Industrial, US addressed loans - <$1MM 205 $11,410 $55,659
    Commercial & Industrial, US addressed loans - <$100k 158 $3,145 $19,905
    Commercial & Industrial, US addressed loans - $100-250k 26 $2,078 $79,923
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $6,187 $294,619
    Farmland loans - <$1MM 35 $4,843 $138,371
    Farmland loans - <$100k 15 $587 $39,133
    Farmland loans - $100-250k 12 $1,505 $125,417
    Farmland loans - $250k-1MM 8 $2,751 $343,875
    Agriculture operations loans - <$1MM 23 $880 $38,261
    Agriculture operations loans - <$100k 21 $491 $23,381
    Agriculture operations loans - $100-250k 1 $123 $123,000
    Agriculture operations loans - $250k-1MM 1 $266 $266,000