The Home Lending Group Mortgage Rates, Fees & Info

FLOWOOD, MS

LEI: 549300FI52XKDLFLK688

Tax ID: 27-4588183

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Mortgage Data

Review & Overview

The Home Lending Group is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. The Home Lending Group has an average proportion of conventional loans. Their top markets by origination volume include: Austin, Gulfport, Las Cruces, Jackson, and Las Vegas among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Home Lending Group 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. The Home Lending Group is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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

901

Origination Dollar Volume (All Markets)

$165,595,000
Show all (16) awards

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 131 $32,155,000 $245,458 $6,901 4.68%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 171 $25,175,000 $147,222 $2,710 4.91%
LAS CRUCES, NM (FHA|USDA|VA) 130 $21,120,000 $162,462 $4,957 5.06%
JACKSON, MS (FHA|USDA|VA) 114 $19,110,000 $167,632 $3,235 4.86%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 44 $10,450,000 $237,500 $7,355 5.09%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $8,405,000 $365,435 $8,710 4.56%
KNOXVILLE, TN (FHA|USDA|VA) 52 $8,160,000 $156,923 $2,799 4.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 39 $7,195,000 $184,487 $5,954 5.07%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 32 $6,010,000 $187,813 $4,807 5.05%
Outside of Metro Areas 28 $4,560,000 $162,857 $4,661 5.06%
MOBILE, AL (FHA|USDA|VA) 31 $4,065,000 $131,129 $3,511 4.81%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 19 $3,715,000 $195,526 $6,816 4.80%
LONGVIEW, TX (FHA|USDA|VA) 10 $1,460,000 $146,000 $5,568 4.77%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,215,000 $243,000 $5,576 4.50%
Carlsbad-Artesia, NM (FHA|USDA|VA) 5 $1,145,000 $229,000 $5,108 6.00%
Alamogordo, NM (FHA|USDA|VA) 7 $1,145,000 $163,571 $3,084 4.96%
Oxford, MS (FHA|USDA|VA) 5 $1,125,000 $225,000 $3,476 4.88%
HATTIESBURG, MS (FHA|USDA|VA) 6 $960,000 $160,000 $2,453 5.19%
AMARILLO, TX (FHA|USDA|VA) 5 $935,000 $187,000 $5,366 4.85%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $895,000 $298,333 $10,147 4.46%
CORPUS CHRISTI, TX (FHA|USDA|VA) 6 $830,000 $138,333 $4,586 4.42%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $730,000 $182,500 $7,002 4.94%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $680,000 $170,000 $4,364 5.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $525,000 $525,000 $18,112 4.38%
LUBBOCK, TX (FHA|USDA|VA) 2 $430,000 $215,000 $5,454 4.90%
Picayune, MS (FHA|USDA|VA) 3 $425,000 $141,667 $2,698 4.67%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $3,999 5.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $2,393 5.25%
Winnemucca, NV (FHA|USDA|VA) 1 $195,000 $195,000 $8,883 4.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $9,713 4.88%
Grenada, MS (FHA|USDA|VA) 2 $190,000 $95,000 $1,465 4.61%
Natchez, MS-LA (FHA|USDA|VA) 2 $190,000 $95,000 $2,680 4.94%
TYLER, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,032 4.25%
McComb, MS (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.63%
Hobbs, NM (FHA|USDA|VA) 1 $175,000 $175,000 $6,737 5.88%
Crossville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.88%
Sevierville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,134 5.25%
Tupelo, MS (FHA|USDA|VA) 1 $135,000 $135,000 $4,881 4.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,154 4.63%
Deming, NM (FHA|USDA|VA) 2 $130,000 $65,000 $3,216 4.50%
Silver City, NM (FHA|USDA|VA) 1 $125,000 $125,000 $3,571 5.25%
Meridian, MS (FHA|USDA|VA) 1 $115,000 $115,000 $7,571 4.49%
Palestine, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,811 5.75%
SANTA FE, NM (FHA|USDA|VA) 1 $55,000 $55,000 $1,875 5.25%
The Home Lending Group's top markets include Austin, Gulfport, Las Cruces, Jackson, and Las Vegas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Home Lending Group based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MYPOINT Credit Union
    Similarity Rank: 55
    FRONTWAVE
    Similarity Rank: 84
    FirstLight Federal Credit Union
    Similarity Rank: 136
    MISSION
    Similarity Rank: 168
    Pioneer Bank
    Similarity Rank: 189
    NAVIGATOR CU
    Similarity Rank: 208
    Cabrillo Credit Union
    Similarity Rank: 248
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    Nevada Mortgage Inc.
    Similarity Rank: 363
    Home Federal Bank of Tennessee
    Similarity Rank: 376

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 434 $81,540,000 $187,880 $5,869 4.86%
    Conventional 228 $43,030,000 $188,728 $3,508 5.08%
    VA 120 $24,950,000 $207,917 $4,795 4.75%
    USDA 119 $16,075,000 $135,084 $2,387 4.88%

    For 2018, The Home Lending Group's most frequently originated type of loan was FHA, with 434 originations. Their 2nd most popular type was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 823 $148,895,000 $180,917 $4,597 4.90%
    Refi 43 $10,155,000 $236,163 $5,497 4.71%
    Cash Out Refi 27 $6,505,000 $240,926 $6,285 4.87%
    Other 4 $20,000 $5,000 $0 5.63%
    NA 4 $20,000 $5,000 $0 6.00%

    For 2018, The Home Lending Group's most frequently cited loan purpose was Home Purchase, with 823 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 880 $162,700,000 $184,886 $4,711 4.91%
    15 Year 14 $2,510,000 $179,286 $3,548 4.27%
    10 Year 5 $25,000 $5,000 $0 4.80%
    20 Year 2 $360,000 $180,000 $4,760 4.50%

    For 2018, The Home Lending Group's most frequently cited loan duration was 30 Year, with 880 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 489 $80,395,000 $164,407
    $1k-2k 250 $49,540,000 $198,160
    $2k-3k 81 $16,295,000 $201,173
    $3k-4k 36 $7,830,000 $217,500
    $5k+ 20 $5,920,000 $296,000
    $4k-5k 18 $5,270,000 $292,778

    The Home Lending Group's average total fees were $4,711, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 489 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 573 $109,675,000 $191,405
    5-6% 274 $43,570,000 $159,015
    3-4% 44 $10,140,000 $230,455
    6-7% 5 $1,015,000 $203,000
    Over 8% 4 $1,020,000 $255,000

    During 2018, The Home Lending Group's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 573 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 449 $67,915,000 $151,258 $3,879 4.90%
    $200k-400k 315 $81,455,000 $258,587 $6,267 4.82%
    $100,000 or less 120 $8,380,000 $69,833 $2,419 5.13%
    $400k-600k 17 $7,845,000 $461,471 $10,301 4.88%

    2018 saw The Home Lending Group place emphasis on $100k-200k loans with 449 originations, totaling $67,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 324 $57,570,000 $177,685 $4,534 4.94%
    $50k or less 254 $31,390,000 $123,583 $3,528 4.88%
    $75k-100k 171 $36,425,000 $213,012 $5,723 4.83%
    $100k-150k 101 $26,445,000 $261,832 $6,080 4.85%
    $150k-250k 42 $10,890,000 $259,286 $5,034 5.01%
    $250k+ 8 $2,570,000 $321,250 $5,421 5.33%

    The Home Lending Group lent most frequently to those with incomes in the $50k-75k range, with 324 originations. The second most popular income band? $50k or less, with 254 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 119 $19,345,000 $162,563 $3,372 4.98%
    20-30% 103 $14,845,000 $144,126 $3,274 4.94%
    50-60% 66 $12,820,000 $194,242 $5,840 4.84%
    40% 36 $5,710,000 $158,611 $3,296 5.01%
    43% 34 $6,360,000 $187,059 $5,102 5.03%
    42% 34 $6,010,000 $176,765 $3,843 4.93%
    38% 27 $3,565,000 $132,037 $3,027 4.95%
    44% 27 $5,295,000 $196,111 $3,993 4.92%
    48% 24 $4,620,000 $192,500 $4,750 5.23%
    47% 23 $4,755,000 $206,739 $5,842 4.91%
    46% 23 $4,425,000 $192,391 $5,166 4.85%
    <20% 22 $2,620,000 $119,091 $3,101 4.94%
    36% 22 $3,400,000 $154,545 $3,134 4.77%
    39% 22 $3,270,000 $148,636 $2,761 5.13%
    45% 22 $4,570,000 $207,727 $3,423 4.63%
    41% 21 $4,525,000 $215,476 $3,802 5.08%
    49% 21 $4,095,000 $195,000 $5,995 4.94%
    37% 16 $2,570,000 $160,625 $4,290 4.84%
    >60% 2 $550,000 $275,000 $9,011 5.38%

    The Home Lending Group lent most frequently to those with DTI ratios of 30-36%, with 119 originations. The next most common DTI ratio? 20-30%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 555 $98,695,000 $177,829 $4,530 4.92%
    Black 200 $34,080,000 $170,400 $4,087 4.91%
    Not provided 114 $24,870,000 $218,158 $6,102 4.69%
    Asian 27 $6,765,000 $250,556 $5,816 5.17%
    Native Hawaiian or Islander 4 $970,000 $242,500 $7,659 5.19%
    American Indian 1 $215,000 $215,000 $6,858 5.88%

    Approval Rates

    Total approvals of all applications
    92.41%

    The Home Lending Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.36%

    The Home Lending Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 901 $165,595,000 $183,790

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 16 $1,720,000 $107,500
    Single Family (1-4 Units):Site-Built 885 $163,875,000 $185,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $460,000 $76,667 $3,548 4.87%
    40-60% 7 $1,025,000 $146,429 $3,147 4.66%
    60-80% 67 $12,895,000 $192,463 $3,426 4.98%
    80-100% 551 $95,335,000 $173,022 $4,014 4.93%
    Over 100% 20 $4,150,000 $207,500 $6,960 4.84%
    Under 20% 15 $75,000 $5,000 $0 5.60%