Hometown Bank Of Pennsylvania Mortgage Rates, Fees & Info
Bedford, PALEI: 5493003ZHM6LK8T0QW13
Tax ID: 20-5997003
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Harrisburg, Cumberland, and Philadelphia among others. We have data for 9 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.
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Originations
228Origination Dollar Volume (All Markets)
$28,650,000Top 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 | 190 | $21,670,000 | $114,053 | $0 | 0.00% |
| ALTOONA, PA (FHA|USDA|VA) | 27 | $4,895,000 | $181,296 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| DuBois, PA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $28,650,000 | $125,658 | $0 | 0.00% |
For 2022, Hometown Bank Of Pennsylvania's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
For 2022, Hometown Bank Of Pennsylvania's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 73 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 228 | $28,650,000 | $125,658 | $0 | 0.00% |
For 2022, Hometown Bank Of Pennsylvania's most frequently cited loan duration was Other, with 228 originations.
Loan Sizing
2022 saw Hometown Bank Of Pennsylvania place emphasis on $100,000 or less loans with 130 originations, totaling $6,360,000 in origination value.
Applicant Income
Hometown Bank Of Pennsylvania lent most frequently to those with incomes in the $50k or less range, with 51 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% | 228 | $28,650,000 | $125,658 | $0 | 0.00% |
Hometown Bank Of Pennsylvania lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.59%
Hometown Bank Of Pennsylvania has an average approval rate.
Pick Rate
Approvals leading to origination91.23%
Hometown Bank Of Pennsylvania has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 228 | $28,650,000 | $125,658 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| HUNTINGTON NATIONAL BANK, THE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |