Home State Bank Mortgage Rates, Fees & Info
Crystal Lake, ILLEI: 549300AUFLERO59VGC71
Tax ID: 36-1232000
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Racine, Milwaukee, Whitewater, and North Port among others. We have data for 41 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 a below average pick rate when compared to similar lenders. Home State Bank is typically an average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 12/3/24 |
| 30 Year Conventional Refi | 6.47% | 12/3/24 |
| 30 Year Cash-out Refi | 6.45% | 12/3/24 |
| 30 Year FHA Purchase | 7.42% | 12/3/24 |
| 30 Year FHA Refi | 6.87% | 12/3/24 |
| 30 Year VA Purchase | 6.34% | 12/3/24 |
| 30 Year USDA Purchase | 6.84% | 12/3/24 |
| 15 Year Conventional Purchase | 5.92% | 12/3/24 |
| 15 Year Conventional Refi | 5.78% | 12/3/24 |
| 15 Year Cash-out Refi | 5.78% | 12/3/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
470Origination Dollar Volume (All Markets)
$112,880,000Awards
Home State Bank - 2022
Home State Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 352 | $83,930,000 | $238,438 | $5,156 | 4.86% |
| RACINE, WI (FHA|USDA|VA) | 35 | $5,965,000 | $170,429 | $3,084 | 4.58% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 14 | $3,480,000 | $248,571 | $3,699 | 5.01% |
| Whitewater, WI (FHA|USDA|VA) | 9 | $2,635,000 | $292,778 | $3,383 | 4.43% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $2,590,000 | $647,500 | $6,728 | 3.66% |
| Outside of Metro Areas | 9 | $2,185,000 | $242,778 | $4,865 | 5.05% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 4.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $11,257 | 4.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $3,813 | 5.36% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,886 | 5.53% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,242 | 5.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,335 | 4.99% |
| Key West, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,510 | 4.25% |
| Houghton, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,440 | 4.99% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,090 | 5.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,081 | 5.63% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,953 | 5.45% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,333 | 4.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,589 | 4.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,154 | 3.88% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,977 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,542 | 2.88% |
| FLINT, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,996 | 5.99% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,990 | 6.50% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,407 | 5.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,285 | 5.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,915 | 2.88% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,242 | 6.75% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,196 | 6.25% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.88% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,198 | 5.63% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,034 | 5.99% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,494 | 4.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,491 | 5.25% |
| Freeport, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,107 | 5.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,326 | 3.75% |
| Dixon, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,690 | 6.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,933 | 5.99% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,644 | 5.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,968 | 5.13% |
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.
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Product Mix
For 2022, Home State Bank's most frequently originated type of loan was Conventional, with 425 originations. Their 2nd most popular type was FHA, with 36 originations.
Loan Reason
For 2022, Home State Bank's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
For 2022, Home State Bank's most frequently cited loan duration was 30 Year, with 390 originations. The 2nd most popular length was 15 Year, with 35 originations.
Origination Fees/Closing Costs
Home State Bank's average total fees were $5,157, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 343 originations.
Interest Rates
During 2022, Home State Bank's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 4-5%, with 126 originations.
Loan Sizing
2022 saw Home State Bank place emphasis on $200k-400k loans with 202 originations, totaling $55,550,000 in origination value.
Applicant Income
Home State Bank lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $75k-100k, with 97 originations.
Applicant Debt to Income Ratio
Home State Bank lent most frequently to those with DTI ratios of 30-36%, with 83 originations. The next most common DTI ratio? 20-30%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.38%
Home State Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.74%
Home State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 470 | $112,880,000 | $240,170 |