Homeland Bancshares Mortgage Rates, Fees & Info

COLUMBIA, LA

LEI: 549300DOQN3O7NL3CA31

Tax ID: 72-1024583

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Alexandria, Ruston, Shreveport, and Lafayette among others. We have data for 10 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.

    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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    Originations

    266

    Origination Dollar Volume (All Markets)

    $28,510,000

    Employee count

    73

    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
    Outside of Metro Areas 164 $13,630,000 $83,110 $2,802 6.75%
    MONROE, LA (FHA|USDA|VA) 80 $10,990,000 $137,375 $4,852 5.98%
    ALEXANDRIA, LA (FHA|USDA|VA) 7 $1,545,000 $220,714 $3,530 6.43%
    Ruston, LA (FHA|USDA|VA) 4 $770,000 $192,500 $0 5.64%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $445,000 $148,333 $7,558 6.67%
    LAFAYETTE, LA (FHA|USDA|VA) 3 $355,000 $118,333 $0 5.58%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.25%
    Natchez, MS-LA (FHA|USDA|VA) 1 $275,000 $275,000 $2,467 5.95%
    Fort Polk South, LA (FHA|USDA|VA) 2 $150,000 $75,000 $0 6.50%
    Branson, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    Homeland Bancshares's top markets include Monroe, Alexandria, Ruston, Shreveport, and Lafayette among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 266 $28,510,000 $107,180 $3,270 6.47%

    For 2018, Homeland Bancshares's most frequently originated type of loan was Conventional, with 266 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 131 $12,565,000 $95,916 $2,279 6.48%
    Home Purchase 107 $14,375,000 $134,346 $5,094 6.41%
    Other 20 $1,270,000 $63,500 $3,204 6.80%
    Home Improvement 8 $300,000 $37,500 $2,492 6.50%

    For 2018, Homeland Bancshares's most frequently cited loan purpose was Refi, with 131 originations. The 2nd most popular reason was Home Purchase, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 181 $17,875,000 $98,757 $3,243 6.55%
    5 Year 64 $8,450,000 $132,031 $3,938 6.35%
    3 Year 13 $995,000 $76,538 $0 5.97%
    10 Year 3 $65,000 $21,667 $0 7.33%
    1 Year 3 $735,000 $245,000 $0 5.83%
    30+ year 2 $390,000 $195,000 $4,595 7.00%

    For 2018, Homeland Bancshares's most frequently cited loan duration was Other, with 181 originations. The 2nd most popular length was 5 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 161 $13,775,000 $85,559
    $1k-2k 14 $2,640,000 $188,571
    $2k-3k 2 $550,000 $275,000

    Homeland Bancshares's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 161 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 141 $18,645,000 $132,234
    6-7% 64 $6,210,000 $97,031
    7-8% 41 $1,605,000 $39,146
    Over 8% 11 $375,000 $34,091
    4-5% 6 $990,000 $165,000
    2.5-3% 1 $65,000 $65,000
    % 1 $405,000 $405,000

    During 2018, Homeland Bancshares's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 168 $7,880,000 $46,905 $2,440 6.75%
    $100k-200k 67 $9,595,000 $143,209 $4,105 6.11%
    $200k-400k 26 $7,040,000 $270,769 $5,135 5.78%
    $400k-600k 2 $840,000 $420,000 $0 5.75%
    $600k-1MM 2 $1,460,000 $730,000 $0 5.28%
    $1MM+ 1 $1,695,000 $1,695,000 $0 6.00%

    2018 saw Homeland Bancshares place emphasis on $100,000 or less loans with 168 originations, totaling $7,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 63 $3,245,000 $51,508 $2,921 7.26%
    $100k-150k 35 $4,595,000 $131,286 $4,082 6.21%
    $50k-75k 28 $2,470,000 $88,214 $3,186 6.44%
    $75k-100k 21 $2,315,000 $110,238 $3,646 6.77%
    $150k-250k 20 $2,530,000 $126,500 $2,825 6.27%
    $250k+ 4 $610,000 $152,500 $3,450 6.38%

    Homeland Bancshares lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $100k-150k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $3,325,000 $95,000 $3,199 6.59%
    30-36% 23 $2,005,000 $87,174 $3,247 6.95%
    >60% 22 $1,780,000 $80,909 $2,914 7.02%
    <20% 19 $1,055,000 $55,526 $3,109 6.76%
    50-60% 13 $1,305,000 $100,385 $3,413 6.61%
    40% 7 $735,000 $105,000 $2,939 6.25%
    44% 6 $910,000 $151,667 $4,120 5.63%
    36% 5 $375,000 $75,000 $3,270 6.80%
    48% 5 $595,000 $119,000 $6,106 7.40%
    49% 5 $425,000 $85,000 $1,630 5.95%
    41% 4 $220,000 $55,000 $1,997 6.50%
    38% 4 $560,000 $140,000 $5,531 6.19%
    45% 4 $780,000 $195,000 $5,954 6.81%
    43% 4 $450,000 $112,500 $2,565 6.19%
    42% 3 $265,000 $88,333 $5,310 7.17%
    39% 3 $235,000 $78,333 $1,327 7.67%
    37% 3 $285,000 $95,000 $4,647 7.17%
    47% 1 $35,000 $35,000 $1,594 8.00%
    46% 1 $25,000 $25,000 $3,038 8.00%

    Homeland Bancshares lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 204 $18,640,000 $91,373 $3,268 6.60%
    Not applicable 55 $9,295,000 $169,000 $0 5.93%
    Asian 1 $295,000 $295,000 $10,196 5.50%
    Black 4 $180,000 $45,000 $1,849 7.25%
    American Indian 1 $75,000 $75,000 $0 6.00%
    Not provided 1 $25,000 $25,000 $916 8.00%

    Approval Rates

    Total approvals of all applications
    91.52%

    Homeland Bancshares has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.59%

    Homeland Bancshares has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    112.0 1 $35,000 $35,000
    124.0 1 $15,000 $15,000
    140.0 3 $75,000 $25,000
    145.5 1 $45,000 $45,000
    149.0 1 $5,000 $5,000
    151.0 4 $90,000 $22,500
    177.0 1 $15,000 $15,000
    181.75 1 $15,000 $15,000
    185.0 1 $25,000 $25,000
    200.0 1 $25,000 $25,000
    203.5 1 $15,000 $15,000
    205.5 1 $35,000 $35,000
    209.0 1 $25,000 $25,000
    211.0 1 $15,000 $15,000
    221.5 3 $75,000 $25,000
    263.0 1 $25,000 $25,000
    275.0 1 $15,000 $15,000
    307.5 1 $15,000 $15,000
    568.75 1 $15,000 $15,000
    822.22 1 $25,000 $25,000
    NA 239 $27,905,000 $116,757

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 6 $3,670,000 $611,667
    Multifamily:Site-Built 2 $840,000 $420,000
    Single Family (1-4 Units):Manufactured 94 $4,820,000 $51,277
    Single Family (1-4 Units):Site-Built 164 $19,180,000 $116,951

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $1,465,000 $50,517 $2,700 6.60%
    40-60% 35 $3,535,000 $101,000 $3,252 6.16%
    60-80% 116 $15,380,000 $132,586 $3,456 6.40%
    80-100% 48 $5,730,000 $119,375 $3,795 6.69%
    Over 100% 4 $530,000 $132,500 $6,506 6.75%
    Under 20% 31 $1,745,000 $56,290 $2,077 6.62%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Home Loans Inc FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Homeland Federal Savings Bank 2103 North 7th Street West Monroe, LA 71291 Full Service B&M $9,505
    Homeland Federal Savings Bank 2591 Tower Drive Monroe, LA 71201 Full Service B&M $24,758
    Homeland Federal Savings Bank 3491 South First Street Jena, LA 71342 Full Service B&M $34,151
    Homeland Federal Savings Bank 7840 Us Highway 165 South Columbia, LA 71418 Full Service B&M $131,526

    For 2018, Homeland Bancshares had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,439
    Net interest income $12,264
    Total noninterest income $2,963
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,522
    Trading account gains and fees $0
    Additional Noninterest Income $1,441
    Pre-tax net operating income $3,976
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,976
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,976
    Minority interest net income $0
    Net income $3,976
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,976

    Homeland Bancshares's gross interest income from loans was $15,439,000.
    Homeland Bancshares's net interest income from loans was $12,264,000.
    Homeland Bancshares's fee based income from loans was $1,522,000.
    Homeland Bancshares's net income from loans was $3,976,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,175
    Provision for credit losses $1,200
    Total noninterest expense $10,051
    Salaries and employee benefits $5,537
    Premises and equipment expense $1,198
    Additional noninterest expense $3,316
    Applicable income taxes $0
    Net charge-offs $384
    Cash dividends $2,450

    Homeland Bancshares's interest expense for loans was $3,175,000.
    Homeland Bancshares's payroll and benefits expense were $5,537,000.
    Homeland Bancshares's property, plant and equipment expenses $1,198,000.

    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 2.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $245,851
    Deposits held in domestic offices $245,851
    Deposits by Individuals, partnerships, and corporations $220,363
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,488
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $49,406
    Demand deposits $0
    Nontransaction accounts $196,445
    Money market deposit accounts (MMDAs) $29,499
    Other savings deposits (excluding MMDAs) $21,424
    Total time deposits $145,522
    Total time and savings deposits $245,851
    Noninterest-bearing deposits $25,394
    Interest-bearing deposits $220,457
    Retail deposits $200,704
    IRAs and Keogh plan accounts $14,016
    Brokered deposits $17,691
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $297,631
    Cash & Balances due from depository institutions $13,024
    Interest-bearing balances $5,079
    Total securities $12,631
    Federal funds sold & reverse repurchase $12,400
    Net loans and leases $241,246
    Loan and leases loss allowance $3,247
    Trading account assets $0
    Bank premises and fixed assets $8,981
    Other real estate owned $895
    Goodwill and other intangibles $0
    All other assets $8,454

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $297,631
    Total Liabilities $266,590
    Total deposits $245,851
    Interest-bearing deposits $220,457
    Deposits held in domestic offices $245,851
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,500
    Subordinated debt $0
    All other liabilities $4,239

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $241,246
    Loan and leases loss allowance $3,247
    Total loans and leases (domestic) $244,493
    All real estate loans $189,143
    Real estate loans in domestic offices $189,143
    Construction and development loans $10,698
    Residential 1-4 family construction $5,498
    Other construction, all land development and other land $5,200
    Loans secured by nonfarm nonresidential properties $72,825
    Nonfarm nonresidential secured by owner-occupied properties $58,247
    Commercial real estate & other non-farm, non-residential $14,578
    Multifamily residential real estate $549
    1-4 family residential loans $95,378
    Farmland loans $9,693
    Loans held in foreign offices $0
    Farm loans $1,156
    Commercial and industrial loans $26,441
    To non-U.S. addressees $0
    Loans to individuals $27,435
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,569
    Other loans to individuals $21,866
    All other loans & leases $545
    Loans to foreign governments and official institutions $0
    Other loans $545
    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 $1,047
    Non 1-4 family restructured loans & leases $143
    Total loans and leases (foreign) $0

    HOMELAND BANCSHARES had $241,246,000 of loans outstanding in 2018. $189,143,000 of loans were in real estate loans. $10,698,000 of loans were in development loans. $549,000 of loans were in multifamily mortgage loans. $95,378,000 of loans were in 1-4 family mortgage loans. $1,156,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,569,000 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 413 $45,262 $109,593
    Nonfarm, nonresidential loans - <$100k 274 $9,709 $35,434
    Nonfarm, nonresidential loans - $100-250k 72 $8,449 $117,347
    Nonfarm, nonresidential loans - $250k-1MM 67 $27,104 $404,537
    Commercial & Industrial, US addressed loans - <$1MM 253 $14,909 $58,929
    Commercial & Industrial, US addressed loans - <$100k 193 $4,884 $25,306
    Commercial & Industrial, US addressed loans - $100-250k 38 $3,505 $92,237
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $6,520 $296,364
    Farmland loans - <$1MM 105 $7,480 $71,238
    Farmland loans - <$100k 73 $2,263 $31,000
    Farmland loans - $100-250k 24 $3,187 $132,792
    Farmland loans - $250k-1MM 8 $2,030 $253,750
    Agriculture operations loans - <$1MM 7 $978 $139,714
    Agriculture operations loans - <$100k 1 $27 $27,000
    Agriculture operations loans - $100-250k 2 $247 $123,500
    Agriculture operations loans - $250k-1MM 4 $704 $176,000