Homeland Bancshares Mortgage Rates, Fees & Info

COLUMBIA, LA

LEI: 549300DOQN3O7NL3CA31

Tax ID: 72-1024583

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Mortgage Data

Review & Overview

Homeland Bancshares is a smaller mortgage company specializing in Refi and Home Purchase loans. Homeland Bancshares has a high proportion of conventional loans. Their top markets by origination volume include: Monroe, Ruston, Lafayette, Alexandria, and Natchitoches among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Homeland Bancshares 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.

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Originations

260

Origination Dollar Volume (All Markets)

$34,810,000

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
MONROE, LA (FHA|USDA|VA) 84 $16,240,000 $193,333 $0 0.00%
Outside of Metro Areas 152 $14,580,000 $95,921 $0 0.00%
Ruston, LA (FHA|USDA|VA) 5 $1,475,000 $295,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 5 $575,000 $115,000 $0 0.00%
ALEXANDRIA, LA (FHA|USDA|VA) 6 $530,000 $88,333 $0 0.00%
Natchitoches, LA (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
Harrison, AR (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
DeRidder, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Homeland Bancshares's top markets include Monroe, Ruston, Lafayette, Alexandria, and Natchitoches among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 260 $34,810,000 $133,885 $0 0.00%

    For 2023, Homeland Bancshares's most frequently originated type of loan was Conventional, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 123 $16,405,000 $133,374 $0 0.00%
    Home Purchase 104 $16,930,000 $162,788 $0 0.00%
    Other 18 $830,000 $46,111 $0 0.00%
    Home Improvement 15 $645,000 $43,000 $0 0.00%

    For 2023, Homeland Bancshares's most frequently cited loan purpose was Refi, with 123 originations. The 2nd most popular reason was Home Purchase, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 260 $34,810,000 $133,885 $0 0.00%

    For 2023, Homeland Bancshares's most frequently cited loan duration was Other, with 260 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 161 $8,185,000 $50,839 $0 0.00%
    $100k-200k 52 $7,040,000 $135,385 $0 0.00%
    $200k-400k 34 $9,350,000 $275,000 $0 0.00%
    $400k-600k 7 $3,575,000 $510,714 $0 0.00%
    $1MM+ 3 $4,345,000 $1,448,333 $0 0.00%
    $600k-1MM 3 $2,315,000 $771,667 $0 0.00%

    2023 saw Homeland Bancshares place emphasis on $100,000 or less loans with 161 originations, totaling $8,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $5,440,000 $143,158 $0 0.00%
    $50k or less 37 $1,755,000 $47,432 $0 0.00%
    $50k-75k 29 $2,465,000 $85,000 $0 0.00%
    $150k-250k 25 $5,555,000 $222,200 $0 0.00%
    $75k-100k 25 $2,405,000 $96,200 $0 0.00%
    $250k+ 12 $3,570,000 $297,500 $0 0.00%

    Homeland Bancshares lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k or less, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 260 $34,810,000 $133,885 $0 0.00%

    Homeland Bancshares lent most frequently to those with DTI ratios of Exempt%, with 260 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 166 $21,130,000 $127,289 $0 0.00%
    Not applicable 84 $12,530,000 $149,167 $0 0.00%
    Black 8 $590,000 $73,750 $0 0.00%
    Asian Indian 1 $355,000 $355,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.11%

    Homeland Bancshares has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.38%

    Homeland Bancshares has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 260 $34,810,000 $133,885

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    260 $34,810,000 $133,885