Homeland Bancshares Mortgage Rates, Fees & Info
COLUMBIA, LALEI: 549300DOQN3O7NL3CA31
Tax ID: 72-1024583
Latest/2024 | 2023 Data | 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, Lafayette, Alexandria, Natchitoches, and Panama City 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
254Origination Dollar Volume (All Markets)
$47,040,000Top 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) | 86 | $27,470,000 | $319,419 | $0 | 0.00% |
| Outside of Metro Areas | 142 | $15,400,000 | $108,451 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 254 | $47,040,000 | $185,197 | $0 | 0.00% |
For 2024, Homeland Bancshares's most frequently originated type of loan was Conventional, with 254 originations.
Loan Reason
For 2024, Homeland Bancshares's most frequently cited loan purpose was Refi, with 134 originations. The 2nd most popular reason was Home Purchase, with 76 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 254 | $47,040,000 | $185,197 | $0 | 0.00% |
For 2024, Homeland Bancshares's most frequently cited loan duration was Other, with 254 originations.
Loan Sizing
2024 saw Homeland Bancshares place emphasis on $100,000 or less loans with 134 originations, totaling $7,230,000 in origination value.
Applicant Income
Homeland Bancshares lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 254 | $47,040,000 | $185,197 | $0 | 0.00% |
Homeland Bancshares lent most frequently to those with DTI ratios of Exempt%, with 254 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.53%
Homeland Bancshares has an average approval rate.
Pick Rate
Approvals leading to origination84.25%
Homeland Bancshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 254 | $47,040,000 | $185,197 |