Homeland Bancshares Mortgage Rates, Fees & Info
COLUMBIA, LALEI: 549300DOQN3O7NL3CA31
Tax ID: 72-1024583
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
260Origination Dollar Volume (All Markets)
$34,810,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Homeland Bancshares place emphasis on $100,000 or less loans with 161 originations, totaling $8,185,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications95.11%
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 origination80.38%
Homeland Bancshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 260 | $34,810,000 | $133,885 |