The Hometown Bank Of Alabama Mortgage Rates, Fees & Info
Oneonta, ALLEI: 549300FJRQ7KMJ2TQQ84
Tax ID: 14-1844545
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Hometown Bank Of Alabama is a smaller bank specializing in Home Purchase loans. The Hometown Bank Of Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Cullman, Gadsden, Daphne, and Albertville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)The Hometown Bank Of Alabama has an 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
279Origination Dollar Volume (All Markets)
$41,185,000Top 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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 243 | $33,365,000 | $137,305 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 2 | $2,150,000 | $1,075,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 13 | $1,555,000 | $119,615 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 9 | $935,000 | $103,889 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $485,000 | $485,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 279 | $41,185,000 | $147,616 | $0 | 0.00% |
For 2024, The Hometown Bank Of Alabama's most frequently originated type of loan was Conventional, with 279 originations.
Loan Reason
For 2024, The Hometown Bank Of Alabama's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 279 | $41,185,000 | $147,616 | $0 | 0.00% |
For 2024, The Hometown Bank Of Alabama's most frequently cited loan duration was Other, with 279 originations.
Loan Sizing
2024 saw The Hometown Bank Of Alabama place emphasis on $100,000 or less loans with 131 originations, totaling $6,595,000 in origination value.
Applicant Income
The Hometown Bank Of Alabama lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $50k-75k, with 62 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 279 | $41,185,000 | $147,616 | $0 | 0.00% |
The Hometown Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 279 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.23%
The Hometown Bank Of Alabama has an average approval rate.
Pick Rate
Approvals leading to origination84.95%
The Hometown Bank Of Alabama has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 279 | $41,185,000 | $147,616 |