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, Lafayette, Alexandria, Baton Rouge, and New Orleans among others. We have data for 13 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
345Origination Dollar Volume (All Markets)
$56,895,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 199 | $23,175,000 | $116,457 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 106 | $22,720,000 | $214,340 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 8 | $3,010,000 | $376,250 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 345 | $56,895,000 | $164,913 | $0 | 0.00% |
For 2022, Homeland Bancshares's most frequently originated type of loan was Conventional, with 345 originations.
Loan Reason
For 2022, Homeland Bancshares's most frequently cited loan purpose was Refi, with 173 originations. The 2nd most popular reason was Home Purchase, with 131 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 345 | $56,895,000 | $164,913 | $0 | 0.00% |
For 2022, Homeland Bancshares's most frequently cited loan duration was Other, with 345 originations.
Loan Sizing
2022 saw Homeland Bancshares place emphasis on $100,000 or less loans with 175 originations, totaling $8,985,000 in origination value.
Applicant Income
Homeland Bancshares lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 345 | $56,895,000 | $164,913 | $0 | 0.00% |
Homeland Bancshares lent most frequently to those with DTI ratios of Exempt%, with 345 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.18%
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 origination79.71%
Homeland Bancshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 345 | $56,895,000 | $164,913 |