Home Bank Mortgage Rates, Fees & Info
Lafayette, LALEI: 549300II7Y8V2KY9TM28
Tax ID: 72-0214660
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Home Bank is a smaller bank specializing in loans. Home Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Lafayette, Baton Rouge, Hammond, and Opelousas among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Home Bank 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. Home Bank 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.44% | 3/31/23 |
30 Year Conventional Refi | 6.37% | 3/31/23 |
30 Year Cash-out Refi | 6.58% | 3/31/23 |
30 Year FHA Purchase | 6.27% | 3/31/23 |
30 Year VA Purchase | 6.27% | 3/31/23 |
30 Year USDA Purchase | 6.61% | 3/31/23 |
15 Year Conventional Purchase | 6.54% | 3/31/23 |
15 Year Conventional Refi | 6.92% | 3/31/23 |
15 Year Cash-out Refi | 6.92% | 3/31/23 |
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. |
Originations
535Origination Dollar Volume (All Markets)
$165,945,000Relative Rate
Home Bank's average 30 year fixed mortgage rate was
4.7%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Home Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,187.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
---|---|---|---|---|---|
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 241 | $91,445,000 | $379,440 | $5,173 | 5.11% |
LAFAYETTE, LA (FHA|USDA|VA) | 164 | $40,420,000 | $246,463 | $3,902 | 5.14% |
BATON ROUGE, LA (FHA|USDA|VA) | 59 | $19,285,000 | $326,864 | $5,885 | 4.91% |
HAMMOND, LA (FHA|USDA|VA) | 9 | $1,845,000 | $205,000 | $4,916 | 5.23% |
Opelousas, LA (FHA|USDA|VA) | 7 | $1,785,000 | $255,000 | $3,249 | 4.88% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $4,800 | 5.33% |
Outside of Metro Areas | 6 | $1,700,000 | $283,333 | $5,033 | 5.06% |
Natchitoches, LA (FHA|USDA|VA) | 1 | $1,455,000 | $1,455,000 | $0 | 4.25% |
Jennings, LA (FHA|USDA|VA) | 12 | $1,430,000 | $119,167 | $3,658 | 5.53% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $2,450 | 5.38% |
Natchez, MS-LA (FHA|USDA|VA) | 12 | $990,000 | $82,500 | $6,259 | 5.73% |
LAKE CHARLES, LA (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $3,531 | 6.46% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,879 | 4.63% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 5.00% |
Morgan City, LA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,560 | 5.83% |
Picayune, MS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,489 | 7.38% |
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,187 | 4.75% |
ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,639 | 3.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Home Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 115
Similarity Rank: 154
Similarity Rank: 240
Similarity Rank: 340
Similarity Rank: 495
Similarity Rank: 588
Similarity Rank: 1014
Similarity Rank: 1086
Similarity Rank: 1184
Similarity Rank: 1584
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 534 | $165,880,000 | $310,637 | $4,620 | 5.14% |
USDA | 1 | $65,000 | $65,000 | $3,100 | 3.63% |
For 2022, Home Bank's most frequently originated type of loan was Conventional, with 534 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2022, Home Bank's most frequently cited loan purpose was Home Purchase, with 306 originations. The 2nd most popular reason was Refi, with 120 originations.
Loan Duration/Length
For 2022, Home Bank's most frequently cited loan duration was 30 Year, with 169 originations. The 2nd most popular length was 5 Year, with 120 originations.
Origination Fees/Closing Costs
Home Bank's average total fees were $4,187, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 177 originations.
Interest Rates
During 2022, Home Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 237 originations.
Loan Sizing
2022 saw Home Bank place emphasis on $200k-400k loans with 147 originations, totaling $42,975,000 in origination value.
Applicant Income
Home Bank lent most frequently to those with incomes in the $250k+ range, with 77 originations. The second most popular income band? $150k-250k, with 75 originations.
Applicant Debt to Income Ratio
Home Bank lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? 30-36%, with 56 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.03%
Home Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.95%
Home Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
250.0 | 3 | $55,000 | $18,333 |
NA | 532 | $165,890,000 | $311,823 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Home Point Financial Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
Home Point Financial Corporation | Conventional home mortgage | Incorrect information on your report | 1 | 20.0% |
Home Point Financial Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
Home Point Financial Corporation | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
Home Point Financial Corporation | VA mortgage | Trouble during payment process | 1 | 20.0% |