Hometrust Bank Mortgage Rates, Fees & Info

Asheville, NC

LEI: 549300COIWXM618UBE82

Tax ID: 56-0181785

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

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Mortgage Data

Bank Data

Review & Overview

Hometrust Bank is a smaller bank specializing in Home Purchase and Refi loans. Hometrust Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Asheville, Greenville, Raleigh, Charlotte, and Los Angeles among others. We have data for 143 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hometrust Bank 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. Hometrust 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.75% 3/28/24
30 Year Conventional Purchase 6.44% 3/28/24
30 Year Conventional Refi 6.39% 3/28/24
30 Year Cash-out Refi 6.60% 3/28/24
30 Year USDA Purchase 6.45% 3/28/24
15 Year Conventional Purchase 6.20% 3/28/24
15 Year Conventional Refi 6.16% 3/28/24
15 Year Cash-out Refi 6.16% 3/28/24
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.

Hometrust Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hometrust 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

3,851

Origination Dollar Volume (All Markets)

$939,175,000

Employee count

511 Show all (23) 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
ASHEVILLE, NC (FHA|USDA|VA) 1,203 $334,325,000 $277,909 $4,219 3.11%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 247 $68,165,000 $275,972 $4,505 3.19%
RALEIGH-CARY, NC (FHA|USDA|VA) 102 $65,370,000 $640,882 $2,818 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 129 $43,645,000 $338,333 $4,168 3.25%
Outside of Metro Areas 178 $41,800,000 $234,831 $3,428 3.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 150 $31,580,000 $210,533 $0 5.31%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 167 $21,945,000 $131,407 $0 5.08%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 111 $20,655,000 $186,081 $0 5.34%
Shelby, NC (FHA|USDA|VA) 123 $20,035,000 $162,886 $3,399 2.99%
MORRISTOWN, TN (FHA|USDA|VA) 54 $19,730,000 $365,370 $3,371 3.23%
Forest City, NC (FHA|USDA|VA) 70 $15,270,000 $218,143 $4,071 3.09%
ROANOKE, VA (FHA|USDA|VA) 77 $15,135,000 $196,558 $3,432 3.37%
SPARTANBURG, SC (FHA|USDA|VA) 49 $11,035,000 $225,204 $3,984 3.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 50 $11,010,000 $220,200 $0 4.59%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 45 $9,455,000 $210,111 $0 5.15%
JOHNSON CITY, TN (FHA|USDA|VA) 38 $8,530,000 $224,474 $3,954 3.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 77 $8,425,000 $109,416 $0 5.55%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 69 $8,245,000 $119,493 $3,046 3.29%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 16 $8,210,000 $513,125 $4,141 3.40%
KNOXVILLE, TN (FHA|USDA|VA) 25 $8,155,000 $326,200 $3,290 3.75%
Marion, NC (FHA|USDA|VA) 25 $7,945,000 $317,800 $4,722 3.09%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 41 $7,915,000 $193,049 $0 5.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 16 $7,100,000 $443,750 $6,508 3.53%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 43 $7,035,000 $163,605 $0 4.79%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 51 $6,735,000 $132,059 $0 5.62%
Seneca, SC (FHA|USDA|VA) 20 $6,410,000 $320,500 $5,482 3.29%
Cullowhee, NC (FHA|USDA|VA) 24 $5,870,000 $244,583 $4,566 3.17%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 33 $5,325,000 $161,364 $0 4.82%
STOCKTON, CA (FHA|USDA|VA) 38 $5,160,000 $135,789 $0 5.38%
Brevard, NC (FHA|USDA|VA) 16 $4,570,000 $285,625 $4,048 3.03%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 32 $4,570,000 $142,813 $2,673 3.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 32 $4,400,000 $137,500 $0 4.85%
Sevierville, TN (FHA|USDA|VA) 6 $4,360,000 $726,667 $6,145 4.24%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 22 $4,270,000 $194,091 $0 4.74%
WINSTON-SALEM, NC (FHA|USDA|VA) 23 $3,705,000 $161,087 $3,279 2.92%
PROVO-OREM, UT (FHA|USDA|VA) 20 $3,630,000 $181,500 $0 4.55%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $3,530,000 $176,500 $0 5.05%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $3,405,000 $179,211 $0 4.52%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $3,345,000 $304,091 $4,071 3.51%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 17 $3,245,000 $190,882 $2,816 4.55%
WILMINGTON, NC (FHA|USDA|VA) 7 $3,055,000 $436,429 $4,379 3.53%
SALT LAKE CITY, UT (FHA|USDA|VA) 14 $2,760,000 $197,143 $0 4.58%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $2,735,000 $911,667 $3,014 3.41%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 10 $2,460,000 $246,000 $0 4.87%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 13 $2,235,000 $171,923 $0 5.72%
BOISE CITY, ID (FHA|USDA|VA) 13 $2,165,000 $166,538 $0 4.49%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $2,130,000 $177,500 $0 4.55%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $2,075,000 $122,059 $0 5.49%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $2,010,000 $502,500 $4,328 2.78%
LYNCHBURG, VA (FHA|USDA|VA) 11 $1,955,000 $177,727 $3,218 3.35%
Morehead City, NC (FHA|USDA|VA) 5 $1,915,000 $383,000 $3,021 3.60%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $1,770,000 $221,250 $2,907 3.32%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $1,690,000 $211,250 $0 5.43%
Danville, VA (FHA|USDA|VA) 19 $1,635,000 $86,053 $3,022 3.35%
MODESTO, CA (FHA|USDA|VA) 10 $1,560,000 $156,000 $0 5.77%
VALLEJO, CA (FHA|USDA|VA) 11 $1,385,000 $125,909 $0 5.60%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $1,260,000 $157,500 $0 4.83%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,185,000 $169,286 $0 5.06%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $1,160,000 $145,000 $0 5.37%
North Wilkesboro, NC (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,864 3.25%
Newberry, SC (FHA|USDA|VA) 3 $1,035,000 $345,000 $6,551 2.96%
Gaffney, SC (FHA|USDA|VA) 5 $975,000 $195,000 $3,564 2.60%
Boone, NC (FHA|USDA|VA) 3 $975,000 $325,000 $5,017 3.91%
Outside of Metro Areas 8 $900,000 $112,500 $0 4.87%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $875,000 $175,000 $0 4.49%
COLUMBIA, SC (FHA|USDA|VA) 3 $835,000 $278,333 $3,955 3.08%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $820,000 $410,000 $0 4.49%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $815,000 $271,667 $0 3.54%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $810,000 $202,500 $0 5.49%
TUCSON, AZ (FHA|USDA|VA) 3 $795,000 $265,000 $0 4.41%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $785,000 $157,000 $0 4.69%
FRESNO, CA (FHA|USDA|VA) 4 $740,000 $185,000 $0 6.18%
Oak Harbor, WA (FHA|USDA|VA) 4 $710,000 $177,500 $0 5.12%
SALEM, OR (FHA|USDA|VA) 5 $705,000 $141,000 $0 5.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $685,000 $228,333 $0 5.49%
CHICO, CA (FHA|USDA|VA) 4 $660,000 $165,000 $0 5.62%
ST. GEORGE, UT (FHA|USDA|VA) 4 $610,000 $152,500 $0 4.68%
SALINAS, CA (FHA|USDA|VA) 3 $605,000 $201,667 $0 6.07%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $600,000 $100,000 $0 4.82%
Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $580,000 $145,000 $0 5.18%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $535,000 $107,000 $0 4.99%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $530,000 $132,500 $0 5.37%
Georgetown, SC (FHA|USDA|VA) 2 $520,000 $260,000 $5,919 4.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $515,000 $171,667 $0 3.62%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $500,000 $250,000 $0 5.74%
Heber, UT (FHA|USDA|VA) 1 $435,000 $435,000 $0 3.99%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $415,000 $415,000 $0 4.49%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $405,000 $135,000 $0 4.66%
RENO, NV (FHA|USDA|VA) 4 $400,000 $100,000 $0 4.49%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $395,000 $131,667 $0 4.66%
SUMTER, SC (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.49%
Greeneville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $2,475 2.88%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $300,000 $150,000 $0 4.74%
Lewisburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.74%
FLORENCE, SC (FHA|USDA|VA) 1 $275,000 $275,000 $3,299 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.17%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $260,000 $130,000 $0 4.99%
Show Low, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.74%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $250,000 $125,000 $0 4.87%
Prineville, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.62%
Breckenridge, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.49%
Martinsville, VA (FHA|USDA|VA) 3 $205,000 $68,333 $1,897 3.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.99%
Greenwood, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.45%
SAVANNAH, GA (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.49%
GREELEY, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.99%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.49%
GOLDSBORO, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.99%
YAKIMA, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.49%
HARRISONBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $2,423 3.75%
YUBA CITY, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.74%
BELLINGHAM, WA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.49%
TULSA, OK (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.74%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.37%
PANAMA CITY, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.49%
REDDING, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.99%
Ellensburg, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.99%
LONGVIEW, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.49%
Shelton, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
WENATCHEE, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.99%
Mount Airy, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,781 2.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.24%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.74%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.49%
Dayton, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.49%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
Blackfoot, ID (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.99%
VISALIA, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.49%
Astoria, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
BEND, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.49%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
Cedar City, UT (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.49%
Statesboro, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.24%
Rexburg, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
MADERA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
GREENVILLE, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.75%
Newport, TN (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%
Hometrust Bank's top markets include Asheville, Greenville, Raleigh, Charlotte, and Los Angeles among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,972 $298,040,000 $151,136 n/a 4.51%
    Conventional 1,835 $631,875,000 $344,346 $4,040 3.03%
    USDA 44 $9,260,000 $210,455 $5,252 2.47%

    For 2021, Hometrust Bank's most frequently originated type of loan was HELOC, with 1,972 originations. Their 2nd most popular type was Conventional, with 1,835 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,718 $498,580,000 $290,210 $5,126 4.08%
    Refi 926 $234,610,000 $253,359 $3,120 3.41%
    Other 499 $69,605,000 $139,489 $2,939 4.32%
    Cash Out Refi 421 $103,235,000 $245,214 $3,274 2.96%
    Home Improvement 287 $33,145,000 $115,488 $5,784 3.44%

    For 2021, Hometrust Bank's most frequently cited loan purpose was Home Purchase, with 1,718 originations. The 2nd most popular reason was Refi, with 926 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,459 $560,705,000 $228,022 $3,392 4.05%
    Other 732 $153,400,000 $209,563 $5,639 3.43%
    30+ year 295 $120,575,000 $408,729 $7,707 3.67%
    15 Year 218 $52,260,000 $239,725 $3,006 2.47%
    20 Year 69 $14,575,000 $211,232 $3,141 2.80%
    5 Year 47 $24,735,000 $526,277 $0 3.77%
    10 Year 21 $4,985,000 $237,381 $3,206 2.54%
    3 Year 7 $6,815,000 $973,571 $0 3.62%
    1 Year 3 $1,125,000 $375,000 $0 3.75%

    For 2021, Hometrust Bank's most frequently cited loan duration was 30 Year, with 2,459 originations. The 2nd most popular length was Other, with 732 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 923 $271,115,000 $293,732
    $1k-2k 424 $97,960,000 $231,038
    $5k+ 130 $68,120,000 $524,000
    $2k-3k 115 $36,885,000 $320,739
    $3k-4k 88 $25,690,000 $291,932
    $4k-5k 84 $28,430,000 $338,452

    Hometrust Bank's average total fees were $3,392, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 923 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,442 $364,770,000 $252,961
    2.5-3% 851 $307,945,000 $361,863
    4-5% 739 $122,755,000 $166,110
    5-6% 377 $58,865,000 $156,141
    <2.5% 305 $71,055,000 $232,967
    6-7% 112 $11,240,000 $100,357
    7-8% 25 $2,545,000 $101,800

    During 2021, Hometrust Bank's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 1,442 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,268 $349,730,000 $275,812 $4,068 3.45%
    $100k-200k 1,134 $165,100,000 $145,591 $2,979 3.84%
    $100,000 or less 950 $60,460,000 $63,642 $2,770 4.31%
    $400k-600k 353 $168,785,000 $478,144 $5,667 3.54%
    $600k-1MM 107 $79,285,000 $740,981 $6,355 3.35%
    $1MM+ 39 $115,815,000 $2,969,615 $6,081 3.10%

    2021 saw Hometrust Bank place emphasis on $200k-400k loans with 1,268 originations, totaling $349,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 906 $212,360,000 $234,393 $4,659 4.34%
    $100k-150k 772 $163,900,000 $212,306 $4,268 3.72%
    $250k+ 653 $215,005,000 $329,257 $5,435 4.36%
    $50k-75k 550 $95,800,000 $174,182 $3,629 3.25%
    $75k-100k 451 $89,075,000 $197,506 $3,902 3.29%
    $50k or less 387 $46,925,000 $121,253 $3,193 3.07%

    Hometrust Bank lent most frequently to those with incomes in the $150k-250k range, with 906 originations. The second most popular income band? $100k-150k, with 772 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 878 $207,150,000 $235,934 $3,833 3.49%
    30-36% 810 $184,380,000 $227,630 $4,419 3.80%
    <20% 381 $92,825,000 $243,635 $3,667 3.08%
    39% 293 $46,775,000 $159,642 $4,717 3.76%
    44% 208 $38,730,000 $186,202 $3,302 4.79%
    38% 190 $41,320,000 $217,474 $4,941 3.93%
    42% 168 $35,950,000 $213,988 $4,348 4.30%
    40% 156 $36,640,000 $234,872 $4,617 4.21%
    41% 156 $33,470,000 $214,551 $4,239 4.29%
    36% 152 $33,200,000 $218,421 $4,741 3.87%
    43% 140 $26,170,000 $186,929 $3,717 4.59%
    37% 127 $27,405,000 $215,787 $4,111 3.81%
    45% 39 $8,925,000 $228,846 $3,547 3.50%
    49% 22 $5,730,000 $260,455 $3,372 2.82%
    47% 18 $3,800,000 $211,111 $3,137 2.84%
    48% 18 $4,510,000 $250,556 $3,121 2.85%
    46% 16 $3,400,000 $212,500 $3,657 2.86%
    50-60% 3 $1,145,000 $381,667 $4,692 2.88%

    Hometrust Bank lent most frequently to those with DTI ratios of 20-30%, with 878 originations. The next most common DTI ratio? 30-36%, with 810 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,050 $683,280,000 $224,026 $4,034 3.65%
    Not applicable 66 $102,260,000 $1,549,394 $0 3.66%
    Not provided 362 $82,330,000 $227,431 $4,492 4.13%
    Asian 223 $43,985,000 $197,242 $4,712 4.80%
    Black 117 $19,535,000 $166,966 $4,114 4.10%
    American Indian 22 $4,000,000 $181,818 $3,348 3.76%
    Asian Indian 4 $2,160,000 $540,000 $3,523 3.69%
    Native Hawaiian or Islander 6 $920,000 $153,333 $0 4.49%
    Filipino 1 $705,000 $705,000 $3,365 2.87%

    Approval Rates

    Total approvals of all applications
    82.37%

    Hometrust Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.39%

    Hometrust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,851 $939,175,000 $243,878

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,851 $939,175,000 $243,878

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 855 $180,625,000 $211,257 $3,456 4.08%
    40-60% 550 $145,910,000 $265,291 $3,406 3.00%
    60-80% 824 $342,640,000 $415,825 $4,191 3.12%
    80-100% 526 $163,420,000 $310,684 $4,655 3.09%
    Under 20% 1,095 $106,495,000 $97,256 $2,734 4.76%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hometrust Bank 10 Woodfin Street Asheville, NC 28801 Full Service B&M $341,248
    Hometrust Bank 100 Queens Road Charlotte, NC 28204 Full Service B&M $86,241
    Hometrust Bank 100 West Main Street Cherryville, NC 28021 Full Service B&M $48,904
    Hometrust Bank 1011 Tunnel Road, Suite 180 Asheville, NC 28805 Full Service B&M $42,918
    Hometrust Bank 106 South Van Buren Road Eden, NC 27288 Full Service B&M $127,608
    Hometrust Bank 107 West Center Street Lexington, NC 27292 Full Service B&M $66,319
    Hometrust Bank 11564 Old Highway 52 Winston Salem, NC 27107 Full Service B&M $18,790
    Hometrust Bank 11916 Kingston Pike Farragut, TN 37934 Full Service B&M $18,154
    Hometrust Bank 120 Evans Avenue Morristown, TN 37814 Full Service B&M $243,055
    Hometrust Bank 1315 Bradford View Drive Cary, NC 27513 Full Service B&M $17,415
    Hometrust Bank 156 East Broadway Boulevard Jefferson City, TN 37760 Full Service B&M $26,206
    Hometrust Bank 1571 Roanoke Road Daleville, VA 24083 Full Service B&M $37,048
    Hometrust Bank 1825 Hendersonville Road Asheville, NC 28803 Full Service B&M $69,683
    Hometrust Bank 1907 North Roan Street Johnson City, TN 37601 Full Service B&M $191,377
    Hometrust Bank 192 Airport Rd Arden, NC 28704 Full Service B&M $80,480
    Hometrust Bank 201 South Pollard Street Vinton, VA 24179 Full Service B&M $54,466
    Hometrust Bank 224 East Warren Street Shelby, NC 28150 Full Service B&M $112,546
    Hometrust Bank 228 Sixth Avenue East Hendersonville, NC 28792 Full Service B&M $130,095
    Hometrust Bank 2420 North Main Street Danville, VA 24540 Full Service B&M $25,362
    Hometrust Bank 2805 Reid School Road Reidsville, NC 27320 Full Service B&M $82,706
    Hometrust Bank 2820 Brambleton Avenue Roanoke, VA 24015 Full Service B&M $29,024
    Hometrust Bank 316 S Jefferson Street Roanoke, VA 24011 Full Service B&M $53,587
    Hometrust Bank 3205 Riverside Drive Danville, VA 24541 Full Service B&M $51,372
    Hometrust Bank 341 N. Trade Street Tryon, NC 28782 Full Service B&M $120,593
    Hometrust Bank 351 Butler Road Forest City, NC 28043 Full Service B&M $29,375
    Hometrust Bank 3956 Electric Road Roanoke, VA 24018 Full Service B&M $61,939
    Hometrust Bank 4140 Parklake Avenue, Suite 610 Raleigh, NC 27612 Full Service B&M $72,673
    Hometrust Bank 422 Broad Street Kingsport, TN 37660 Full Service B&M $57,278
    Hometrust Bank 425 State Street Bristol, VA 24201 Full Service B&M $19,872
    Hometrust Bank 499 Woodruff Road Greenville, SC 29607 Full Service B&M $52,694
    Hometrust Bank 5 North Ridge Commons Parkway Weaverville, NC 28787 Full Service B&M $103,001
    Hometrust Bank 5002 Williamson Road Roanoke, VA 24012 Full Service B&M $61,180
    Hometrust Bank 612 West Walnut Street Johnson City, TN 37601 Full Service B&M $19,967
    Hometrust Bank 6501 Kingston Pike Knoxville, TN 37919 Full Service B&M $50,848
    Hometrust Bank 685 West Mills Street Columbus, NC 28722 Full Service B&M $96,909
    Hometrust Bank 8 Lester Street Martinsville, VA 24112 Full Service B&M $26,242
    Hometrust Bank 800 Russ Avenue Waynesville, NC 28786 Full Service B&M $102,161
    Hometrust Bank 8583 Carolina Boulevard Clyde, NC 28721 Full Service B&M $54,778
    Hometrust Bank 8599 Pelham Road Greenville, SC 29615 Full Service B&M $16,873
    Hometrust Bank 862 Med Tech Pkwy Johnson City, TN 37604 Full Service B&M $35,574
    Hometrust Bank Merchants Greene Blvd, 123 Merchants Greene Blvd Morristown, TN 37814 Full Service B&M $30,253

    For 2021, Hometrust Bank had 41 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $116,080
    Net interest income $106,570
    Total noninterest income $42,739
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,219
    Trading account gains and fees $0
    Additional Noninterest Income $39,520
    Pre-tax net operating income $27,891
    Securities gains (or losses, -) $0
    Income before extraordinary items $22,670
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,670
    Minority interest net income $0
    Net income $22,670
    Sale, conversion, retirement of capital stock, net $1,676
    Net operating income $22,670

    Hometrust Bank's gross interest income from loans was $116,080,000.
    Hometrust Bank's net interest income from loans was $106,570,000.
    Hometrust Bank's fee based income from loans was $3,219,000.
    Hometrust Bank's net income from loans was $22,670,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,510
    Provision for credit losses $-9,015
    Total noninterest expense $130,433
    Salaries and employee benefits $61,702
    Premises and equipment expense $10,525
    Additional noninterest expense $58,206
    Applicable income taxes $5,221
    Net charge-offs $266
    Cash dividends $24,682

    Hometrust Bank's interest expense for loans was $9,510,000.
    Hometrust Bank's payroll and benefits expense were $61,702,000.
    Hometrust Bank's property, plant and equipment expenses $10,525,000.

    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 5.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,004,063
    Deposits held in domestic offices $3,004,063
    Deposits by Individuals, partnerships, and corporations $2,730,026
    Deposits by U.S. Government $1,058
    Deposits by States and political subdivisions in the U.S. $270,246
    Deposits by Commercial banks and other depository institutions in U.S. $2,733
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $425,610
    Demand deposits $322,659
    Nontransaction accounts $2,578,453
    Money market deposit accounts (MMDAs) $1,912,166
    Other savings deposits (excluding MMDAs) $224,474
    Total time deposits $441,813
    Total time and savings deposits $2,681,404
    Noninterest-bearing deposits $696,183
    Interest-bearing deposits $2,307,880
    Retail deposits $2,919,123
    IRAs and Keogh plan accounts $84,453
    Brokered deposits $2,325
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,502,617
    Cash & Balances due from depository institutions $68,700
    Interest-bearing balances $48,114
    Total securities $376,007
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,767,210
    Loan and leases loss allowance $30,933
    Trading account assets $0
    Bank premises and fixed assets $76,691
    Other real estate owned $45
    Goodwill and other intangibles $29,046
    All other assets $184,918

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,502,617
    Total Liabilities $3,112,914
    Total deposits $3,004,063
    Interest-bearing deposits $2,307,880
    Deposits held in domestic offices $3,004,063
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $54,153
    Subordinated debt $0
    All other liabilities $54,698

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,767,210
    Loan and leases loss allowance $30,933
    Total loans and leases (domestic) $2,798,143
    All real estate loans $2,023,934
    Real estate loans in domestic offices $2,023,934
    Construction and development loans $292,172
    Residential 1-4 family construction $139,772
    Other construction, all land development and other land $152,400
    Loans secured by nonfarm nonresidential properties $1,040,453
    Nonfarm nonresidential secured by owner-occupied properties $325,405
    Commercial real estate & other non-farm, non-residential $715,048
    Multifamily residential real estate $80,071
    1-4 family residential loans $609,581
    Farmland loans $1,657
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $618,835
    To non-U.S. addressees $0
    Loans to individuals $91,691
    Credit card loans $0
    Related Plans $734
    Consumer Auto Loans $86,286
    Other loans to individuals $4,671
    All other loans & leases $63,683
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $11,048
    Non 1-4 family restructured loans & leases $1,993
    Total loans and leases (foreign) $0

    HomeTrust Bank had $2,767,210,000 of loans outstanding in 2021. $2,023,934,000 of loans were in real estate loans. $292,172,000 of loans were in development loans. $80,071,000 of loans were in multifamily mortgage loans. $609,581,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $86,286,000 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 728 $206,193 $283,232
    Nonfarm, nonresidential loans - <$100k 88 $3,320 $37,727
    Nonfarm, nonresidential loans - $100-250k 169 $19,802 $117,172
    Nonfarm, nonresidential loans - $250k-1MM 471 $183,071 $388,686
    Commercial & Industrial, US addressed loans - <$1MM 3,347 $395,579 $118,189
    Commercial & Industrial, US addressed loans - <$100k 1,254 $50,404 $40,195
    Commercial & Industrial, US addressed loans - $100-250k 1,399 $158,224 $113,098
    Commercial & Industrial, US addressed loans - $250k-1MM 694 $186,951 $269,382
    Farmland loans - <$1MM 6 $420 $70,000
    Farmland loans - <$100k 3 $119 $39,667
    Farmland loans - $100-250k 2 $71 $35,500
    Farmland loans - $250k-1MM 1 $230 $230,000