Homesale Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Homesale Mortgage is a smaller mortgage company specializing in Home Purchase loans. Homesale Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: York, Lancaster, Lebanon, Harrisburg, and Baltimore among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Homesale Mortgage 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. Homesale Mortgage is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.96% | 11/17/24 |
| 30 Year Conventional Refi | 6.92% | 11/17/24 |
| 30 Year Cash-out Refi | 6.76% | 11/17/24 |
| 30 Year FHA Purchase | 7.67% | 11/17/24 |
| 30 Year VA Purchase | 6.53% | 11/17/24 |
| 30 Year USDA Purchase | 7.39% | 11/17/24 |
| 15 Year Conventional Purchase | 6.56% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Homesale Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
809Origination Dollar Volume (All Markets)
$130,625,000Awards
Homesale Mortgage - 2018
Homesale Mortgage is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| YORK-HANOVER, PA (FHA|USDA|VA) | 260 | $37,640,000 | $144,769 | $5,289 | 4.68% |
| LANCASTER, PA (FHA|USDA|VA) | 211 | $36,855,000 | $174,668 | $4,968 | 4.77% |
| LEBANON, PA (FHA|USDA|VA) | 85 | $13,885,000 | $163,353 | $4,791 | 4.73% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 72 | $11,690,000 | $162,361 | $4,507 | 4.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 31 | $8,455,000 | $272,742 | $5,500 | 4.74% |
| READING, PA (FHA|USDA|VA) | 47 | $6,995,000 | $148,830 | $5,168 | 4.75% |
| Pottsville, PA (FHA|USDA|VA) | 46 | $5,170,000 | $112,391 | $3,931 | 4.79% |
| GETTYSBURG, PA (FHA|USDA|VA) | 29 | $4,585,000 | $158,103 | $6,081 | 4.43% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $5,626 | 4.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $5,093 | 4.82% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $3,964 | 5.03% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,019 | 4.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,269 | 4.50% |
| Outside of Metro Areas | 1 | $285,000 | $285,000 | $3,482 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,294 | 4.13% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,640 | 4.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Homesale Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 32
Similarity Rank: 42
Similarity Rank: 50
Similarity Rank: 54
Similarity Rank: 126
Similarity Rank: 126
Similarity Rank: 132
Similarity Rank: 225
Similarity Rank: 238
Similarity Rank: 252
Product Mix
For 2018, Homesale Mortgage's most frequently originated type of loan was Conventional, with 429 originations. Their 2nd most popular type was FHA, with 258 originations.
Loan Reason
For 2018, Homesale Mortgage's most frequently cited loan purpose was Home Purchase, with 791 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
For 2018, Homesale Mortgage's most frequently cited loan duration was 30 Year, with 745 originations. The 2nd most popular length was 10 Year, with 56 originations.
Origination Fees/Closing Costs
Homesale Mortgage's average total fees were $5,048, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 543 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 562 | $100,900,000 | $179,537 |
| 5-6% | 130 | $18,630,000 | $143,308 |
| 3-4% | 58 | $10,620,000 | $183,103 |
| 6-7% | 2 | $190,000 | $95,000 |
During 2018, Homesale Mortgage's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 562 originations.
Loan Sizing
2018 saw Homesale Mortgage place emphasis on $100k-200k loans with 443 originations, totaling $66,675,000 in origination value.
Applicant Income
Homesale Mortgage lent most frequently to those with incomes in the $50k-75k range, with 301 originations. The second most popular income band? $50k or less, with 210 originations.
Applicant Debt to Income Ratio
Homesale Mortgage lent most frequently to those with DTI ratios of 30-36%, with 164 originations. The next most common DTI ratio? 20-30%, with 154 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.21%
Homesale Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.47%
Homesale Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 809 | $130,625,000 | $161,465 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $125,000 | $125,000 |
| Single Family (1-4 Units):Site-Built | 808 | $130,500,000 | $161,510 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HomeKey Lending, LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |