Home State Bank Mortgage Rates, Fees & Info
Crystal Lake, ILLEI: 549300AUFLERO59VGC71
Tax ID: 36-1232000
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Home State Bank is a smaller bank specializing in Home Purchase loans. Home State Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Appleton, Oshkosh, Milwaukee, and Racine among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Home State Bank 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 State Bank 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.08% | 4/5/25 |
| 30 Year Conventional Refi | 6.82% | 4/5/25 |
| 30 Year Cash-out Refi | 6.89% | 4/5/25 |
| 30 Year FHA Purchase | 7.75% | 4/5/25 |
| 30 Year FHA Refi | 7.34% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 7.08% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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 State Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Home State Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
534Origination Dollar Volume (All Markets)
$137,890,000Awards
Home State Bank - 2024
Home State Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for Home State Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Home State Bank's average 30 year fixed mortgage rate was
6.82%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
Home State Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,032.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 251 | $69,655,000 | $277,510 | $5,713 | 6.88% |
| APPLETON, WI (FHA|USDA|VA) | 85 | $18,035,000 | $212,176 | $4,080 | 6.51% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 65 | $12,585,000 | $193,615 | $4,062 | 6.60% |
| Outside of Metro Areas | 30 | $5,650,000 | $188,333 | $3,860 | 6.61% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 14 | $4,450,000 | $317,857 | $3,838 | 7.04% |
| RACINE, WI (FHA|USDA|VA) | 16 | $4,130,000 | $258,125 | $4,101 | 6.91% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $3,605,000 | $515,000 | $7,668 | 7.20% |
| GREEN BAY, WI (FHA|USDA|VA) | 15 | $2,875,000 | $191,667 | $4,885 | 6.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $2,305,000 | $2,305,000 | $5,681 | 7.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 3 | $2,065,000 | $688,333 | $3,775 | 7.54% |
| Whitewater, WI (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $4,607 | 6.95% |
| ROCKFORD, IL (FHA|USDA|VA) | 9 | $1,565,000 | $173,889 | $4,613 | 6.73% |
| FOND DU LAC, WI (FHA|USDA|VA) | 10 | $1,460,000 | $146,000 | $4,418 | 6.48% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $6,358 | 8.88% |
| Freeport, IL (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 7.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $7,484 | 7.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $5,811 | 7.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,762 | 7.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,840 | 6.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 7.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.99% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,101 | 7.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,116 | 6.25% |
| MADISON, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,429 | 7.50% |
| Crossville, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,202 | 8.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,212 | 7.63% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,045 | 6.63% |
| Shawano, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,478 | 7.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,309 | 7.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,728 | 6.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,315 | 7.38% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.00% |
| Marquette, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,143 | 6.63% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,577 | 6.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,670 | 6.38% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,370 | 6.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Home State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 36
Similarity Rank: 49
Similarity Rank: 79
Similarity Rank: 84
Similarity Rank: 91
Similarity Rank: 189
Similarity Rank: 220
Similarity Rank: 270
Similarity Rank: 288
Similarity Rank: 288
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 495 | $128,365,000 | $259,323 | $4,594 | 6.78% |
| FHA | 39 | $9,525,000 | $244,231 | $8,618 | 6.84% |
For 2024, Home State Bank's most frequently originated type of loan was Conventional, with 495 originations. Their 2nd most popular type was FHA, with 39 originations.
Loan Reason
For 2024, Home State Bank's most frequently cited loan purpose was Home Purchase, with 459 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
For 2024, Home State Bank's most frequently cited loan duration was 30 Year, with 444 originations. The 2nd most popular length was 5 Year, with 47 originations.
Origination Fees/Closing Costs
Home State Bank's average total fees were $5,032, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 340 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 303 | $76,415,000 | $252,195 |
| 7-8% | 149 | $49,065,000 | $329,295 |
| 5-6% | 30 | $4,740,000 | $158,000 |
| Over 8% | 18 | $7,240,000 | $402,222 |
| <2.5% | 5 | $55,000 | $11,000 |
During 2024, Home State Bank's average interest rate for loans was 6.82%, while their most frequently originated rate bucket for loans was 6-7%, with 303 originations.
Loan Sizing
2024 saw Home State Bank place emphasis on $200k-400k loans with 233 originations, totaling $64,435,000 in origination value.
Applicant Income
Home State Bank lent most frequently to those with incomes in the $50k-75k range, with 154 originations. The second most popular income band? $100k-150k, with 97 originations.
Applicant Debt to Income Ratio
Home State Bank lent most frequently to those with DTI ratios of 30-36%, with 93 originations. The next most common DTI ratio? 20-30%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.50%
Home State Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.01%
Home State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 534 | $137,890,000 | $258,221 |