The Home Lending Group Mortgage Rates, Fees & Info

FLOWOOD, MS

LEI: 549300FI52XKDLFLK688

Tax ID: 27-4588183

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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

    • 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 a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Las Cruces, Las Vegas, Jackson, and Knoxville among others. We have data for 29 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    457

    Origination Dollar Volume (All Markets)

    $80,575,000
    Show all (6) 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
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 160 $26,760,000 $167,250 $3,368 4.32%
    LAS CRUCES, NM (FHA|USDA|VA) 115 $19,105,000 $166,130 $4,630 4.45%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 59 $15,255,000 $258,559 $7,109 4.35%
    JACKSON, MS (FHA|USDA|VA) 43 $6,565,000 $152,674 $2,668 4.30%
    KNOXVILLE, TN (FHA|USDA|VA) 14 $2,210,000 $157,857 $2,450 5.19%
    HATTIESBURG, MS (FHA|USDA|VA) 7 $1,015,000 $145,000 $3,209 4.27%
    Outside of Metro Areas 10 $1,010,000 $101,000 $2,882 4.75%
    Silver City, NM (FHA|USDA|VA) 8 $870,000 $108,750 $4,761 4.30%
    Oxford, MS (FHA|USDA|VA) 4 $850,000 $212,500 $4,407 4.56%
    Alamogordo, NM (FHA|USDA|VA) 5 $785,000 $157,000 $4,628 4.03%
    Picayune, MS (FHA|USDA|VA) 4 $770,000 $192,500 $5,873 4.63%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $720,000 $360,000 $5,275 4.68%
    Deming, NM (FHA|USDA|VA) 6 $600,000 $100,000 $4,289 4.15%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $535,000 $535,000 $14,784 3.88%
    EL PASO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $4,884 3.81%
    Brookhaven, MS (FHA|USDA|VA) 2 $380,000 $190,000 $1,825 4.50%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $340,000 $170,000 $6,068 5.13%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $335,000 $335,000 $3,934 3.88%
    Huntsville, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,840 3.75%
    Ruidoso, NM (FHA|USDA|VA) 2 $270,000 $135,000 $4,435 4.69%
    MOBILE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $3,957 4.75%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,599 5.13%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $185,000 $185,000 $4,851 4.00%
    SANTA FE, NM (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,338 4.38%
    Laurel, MS (FHA|USDA|VA) 1 $145,000 $145,000 $5,652 3.63%
    Natchez, MS-LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,542 3.63%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $4,407 4.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,077 5.38%
    The Home Lending Group's top markets include Gulfport, Las Cruces, Las Vegas, Jackson, and Knoxville among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (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.

    White Sands Federal Credit Union
    Similarity Rank: 72
    NAVIGATOR CU
    Similarity Rank: 138
    MYPOINT Credit Union
    Similarity Rank: 147
    ENRICHMENT
    Similarity Rank: 176
    Pioneer Bank
    Similarity Rank: 234
    FirstLight Federal Credit Union
    Similarity Rank: 260
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    ALABAMA CREDIT UNION
    Similarity Rank: 288
    Nevada Mortgage Inc.
    Similarity Rank: 401
    Citizens Bank of Las Cruces
    Similarity Rank: 432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 191 $31,855,000 $166,780 $5,413 4.34%
    Conventional 153 $27,805,000 $181,732 $3,246 4.46%
    USDA 58 $8,430,000 $145,345 $2,798 4.43%
    VA 55 $12,485,000 $227,000 $4,084 4.35%

    For 2019, The Home Lending Group's most frequently originated type of loan was FHA, with 191 originations. Their 2nd most popular type was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 391 $66,835,000 $170,934 $3,984 4.39%
    Refi 38 $8,380,000 $220,526 $5,100 4.25%
    Cash Out Refi 27 $4,985,000 $184,630 $6,209 4.61%
    Home Improvement 1 $375,000 $375,000 $2,956 4.25%

    For 2019, The Home Lending Group's most frequently cited loan purpose was Home Purchase, with 391 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 445 $79,055,000 $177,652 $4,220 4.42%
    15 Year 8 $1,190,000 $148,750 $3,226 4.09%
    10 Year 2 $10,000 $5,000 $0 0.00%
    20 Year 1 $205,000 $205,000 $3,170 3.75%
    Other 1 $115,000 $115,000 $3,869 3.63%

    For 2019, The Home Lending Group's most frequently cited loan duration was 30 Year, with 445 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 228 $37,240,000 $163,333
    $1k-2k 152 $27,970,000 $184,013
    $2k-3k 36 $5,930,000 $164,722
    $3k-4k 21 $4,175,000 $198,810
    $5k+ 12 $3,090,000 $257,500
    $4k-5k 7 $2,045,000 $292,143

    The Home Lending Group's average total fees were $4,220, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 228 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 210 $36,430,000 $173,476
    3-4% 164 $31,060,000 $189,390
    5-6% 78 $12,520,000 $160,513
    <2.5% 2 $10,000 $5,000
    6-7% 2 $250,000 $125,000
    2.5-3% 1 $305,000 $305,000

    During 2019, The Home Lending Group's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 210 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 255 $37,435,000 $146,804 $3,562 4.42%
    $200k-400k 132 $35,340,000 $267,727 $5,793 4.31%
    $100,000 or less 64 $5,030,000 $78,594 $3,213 4.47%
    $400k-600k 6 $2,770,000 $461,667 $5,512 4.33%

    2019 saw The Home Lending Group place emphasis on $100k-200k loans with 255 originations, totaling $37,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 171 $31,455,000 $183,947 $4,250 4.36%
    $50k or less 151 $19,005,000 $125,861 $3,938 4.33%
    $75k-100k 64 $13,650,000 $213,281 $4,553 4.45%
    $100k-150k 54 $11,470,000 $212,407 $4,556 4.56%
    $150k-250k 11 $3,095,000 $281,364 $3,808 4.40%
    $250k+ 6 $1,900,000 $316,667 $2,850 4.79%

    The Home Lending Group lent most frequently to those with incomes in the $50k-75k range, with 171 originations. The second most popular income band? $50k or less, with 151 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 81 $13,875,000 $171,296 $3,872 4.45%
    20-30% 63 $9,765,000 $155,000 $2,953 4.48%
    50-60% 48 $8,870,000 $184,792 $5,769 4.28%
    39% 27 $4,535,000 $167,963 $3,082 4.55%
    <20% 27 $4,635,000 $171,667 $3,731 4.27%
    42% 23 $4,065,000 $176,739 $4,856 4.55%
    36% 19 $2,755,000 $145,000 $3,926 4.53%
    44% 19 $4,365,000 $229,737 $4,743 4.60%
    40% 18 $2,690,000 $149,444 $2,997 4.37%
    37% 17 $3,135,000 $184,412 $4,719 4.38%
    45% 17 $3,045,000 $179,118 $3,604 4.31%
    41% 17 $2,895,000 $170,294 $3,830 4.48%
    46% 16 $2,900,000 $181,250 $5,874 4.46%
    47% 15 $2,875,000 $191,667 $4,328 4.49%
    49% 14 $3,290,000 $235,000 $5,419 4.25%
    43% 11 $2,155,000 $195,909 $5,108 4.19%
    48% 10 $2,300,000 $230,000 $5,497 3.98%
    38% 9 $1,485,000 $165,000 $5,649 4.21%
    >60% 4 $700,000 $175,000 $5,538 2.78%

    The Home Lending Group lent most frequently to those with DTI ratios of 30-36%, with 81 originations. The next most common DTI ratio? 20-30%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 340 $59,160,000 $174,000 $4,080 4.41%
    Black 77 $13,205,000 $171,494 $4,218 4.25%
    Asian 26 $5,860,000 $225,385 $6,275 4.50%
    Not provided 9 $1,495,000 $166,111 $2,701 4.73%
    Native Hawaiian or Islander 3 $605,000 $201,667 $4,024 5.25%
    American Indian 2 $250,000 $125,000 $4,246 3.88%

    Approval Rates

    Total approvals of all applications
    93.44%

    The Home Lending Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.49%

    The Home Lending Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 457 $80,575,000 $176,313

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 22 $2,330,000 $105,909
    Single Family (1-4 Units):Site-Built 435 $78,245,000 $179,874

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $355,000 $71,000 $2,516 4.20%
    40-60% 11 $1,815,000 $165,000 $4,824 4.43%
    60-80% 57 $10,955,000 $192,193 $3,806 4.56%
    80-100% 365 $63,995,000 $175,329 $4,167 4.39%
    Over 100% 16 $3,240,000 $202,500 $6,371 4.45%
    Under 20% 2 $10,000 $5,000 $0 0.00%