Home Bank Mortgage Rates, Fees & Info

Lafayette, LA

LEI: 549300II7Y8V2KY9TM28

Tax ID: 72-0214660

5 stars - Updated: 5/25/25 - out of 5 stars, based on 17 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Home Bank is a smaller bank specializing in Home Purchase and Refi 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, Houston, and Hammond among others. We have data for 17 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.79% 5/25/25
    30 Year Conventional Refi 6.88% 5/25/25
    30 Year Cash-out Refi 6.95% 5/25/25
    30 Year FHA Purchase 6.72% 5/25/25
    30 Year VA Purchase 6.72% 5/25/25
    30 Year USDA Purchase 7.41% 5/25/25
    15 Year Conventional Purchase 6.61% 5/25/25
    15 Year Conventional Refi 8.03% 5/25/25
    15 Year Cash-out Refi 8.03% 5/25/25
    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.

    Home Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Home Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    292

    Origination Dollar Volume (All Markets)

    $99,130,000

    Awards

    Home Bank 30 Year Conventional Loans gold Home Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    Home Bank's average 30 year fixed mortgage rate was 6.76%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.21%.

    Relative Fees (Closing Costs)

    Home Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,124.

    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 $8,356.

    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) 99 $47,385,000 $478,636 $5,871 7.99%
    LAFAYETTE, LA (FHA|USDA|VA) 107 $27,715,000 $259,019 $4,536 7.51%
    BATON ROUGE, LA (FHA|USDA|VA) 35 $8,865,000 $253,286 $5,151 8.29%
    Outside of Metro Areas 8 $4,410,000 $551,250 $6,464 8.01%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $4,085,000 $453,889 $5,606 7.41%
    HAMMOND, LA (FHA|USDA|VA) 6 $1,490,000 $248,333 $5,567 7.60%
    Bogalusa, LA (FHA|USDA|VA) 2 $740,000 $370,000 $7,170 7.00%
    Morgan City, LA (FHA|USDA|VA) 3 $705,000 $235,000 $6,294 7.75%
    Opelousas, LA (FHA|USDA|VA) 2 $660,000 $330,000 $5,486 7.06%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $595,000 $198,333 $7,077 7.79%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $565,000 $565,000 $5,994 6.99%
    LUBBOCK, TX (FHA|USDA|VA) 1 $495,000 $495,000 $5,095 7.50%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $415,000 $415,000 $4,597 6.99%
    Jennings, LA (FHA|USDA|VA) 6 $330,000 $55,000 $2,804 7.71%
    Natchez, MS-LA (FHA|USDA|VA) 7 $315,000 $45,000 $4,808 8.79%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $235,000 $235,000 $6,571 7.88%
    McComb, MS (FHA|USDA|VA) 1 $125,000 $125,000 $3,184 5.88%
    Home Bank's top markets include New Orleans, Lafayette, Baton Rouge, Houston, and Hammond among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • 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.

    Jefferson Parish Employees FCU
    Similarity Rank: 12
    MERITUS Federal Credit Union
    Similarity Rank: 18
    La Capitol Federal Credit Union
    Similarity Rank: 104
    JEFFERSON FINANCIAL
    Similarity Rank: 112
    Campus Federal Credit Union
    Similarity Rank: 209
    GREATER NEW ORLEANS
    Similarity Rank: 235
    Eureka Homestead
    Similarity Rank: 316
    America's Mortgage Resource, Inc.
    Similarity Rank: 354
    ESSENTIAL
    Similarity Rank: 540
    Onpath Federal Credit Union
    Similarity Rank: 550

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $98,960,000 $341,241 $5,089 7.81%
    USDA 2 $170,000 $85,000 $4,860 6.69%

    For 2024, Home Bank's most frequently originated type of loan was Conventional, with 290 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $64,160,000 $373,023 $5,611 7.52%
    Refi 86 $25,670,000 $298,488 $3,008 8.33%
    Cash Out Refi 23 $5,925,000 $257,609 $3,743 7.82%
    Other 8 $2,890,000 $361,250 $2,936 7.94%
    Home Improvement 3 $485,000 $161,667 $4,049 8.50%

    For 2024, Home Bank's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Refi, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 98 $26,500,000 $270,408 $4,124 6.76%
    5 Year 57 $20,035,000 $351,491 $485 8.49%
    30+ year 46 $31,420,000 $683,043 $8,385 7.47%
    20 Year 32 $8,810,000 $275,313 $1,959 8.75%
    10 Year 22 $2,630,000 $119,545 $1,241 8.71%
    15 Year 19 $3,015,000 $158,684 $2,933 8.16%
    Other 16 $6,360,000 $397,500 $385 8.90%
    1 Year 2 $360,000 $180,000 $0 9.50%

    For 2024, Home Bank's most frequently cited loan duration was 30 Year, with 98 originations. The 2nd most popular length was 5 Year, with 57 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 120 $50,220,000 $418,500
    $<1k 24 $3,300,000 $137,500
    $3k-4k 5 $2,865,000 $573,000
    $2k-3k 4 $1,460,000 $365,000
    $5k+ 3 $1,435,000 $478,333
    $4k-5k 2 $830,000 $415,000

    Home Bank's average total fees were $4,124, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 120 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 118 $31,840,000 $269,831
    7-8% 91 $38,005,000 $417,637
    6-7% 65 $26,235,000 $403,615
    5-6% 17 $2,895,000 $170,294
    3-4% 1 $155,000 $155,000

    During 2024, Home Bank's average interest rate for loans was 6.76%, while their most frequently originated rate bucket for loans was Over 8%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,865,000 $58,614 $2,708 8.32%
    $100k-200k 68 $10,080,000 $148,235 $3,294 7.47%
    $200k-400k 59 $16,645,000 $282,119 $4,711 7.77%
    $400k-600k 37 $18,355,000 $496,081 $6,569 7.62%
    $600k-1MM 29 $20,825,000 $718,103 $8,067 7.46%
    $1MM+ 16 $28,360,000 $1,772,500 $10,652 7.71%

    2024 saw Home Bank place emphasis on $100,000 or less loans with 83 originations, totaling $4,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 46 $34,260,000 $744,783 $7,488 7.32%
    $150k-250k 37 $12,815,000 $346,351 $5,410 7.54%
    $100k-150k 30 $8,270,000 $275,667 $4,557 7.13%
    $50k or less 27 $2,535,000 $93,889 $2,744 6.93%
    $50k-75k 23 $3,045,000 $132,391 $3,911 6.98%
    $75k-100k 20 $3,580,000 $179,000 $4,244 7.89%

    Home Bank lent most frequently to those with incomes in the $250k+ range, with 46 originations. The second most popular income band? $150k-250k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 37 $11,805,000 $319,054 $4,681 7.25%
    20-30% 34 $11,990,000 $352,647 $5,148 7.09%
    37% 12 $4,480,000 $373,333 $4,561 7.16%
    48% 9 $2,945,000 $327,222 $4,538 7.26%
    <20% 8 $4,520,000 $565,000 $6,140 6.75%
    36% 8 $2,880,000 $360,000 $6,953 7.00%
    42% 8 $1,400,000 $175,000 $3,982 6.84%
    45% 6 $1,810,000 $301,667 $3,538 7.37%
    38% 6 $2,550,000 $425,000 $4,920 6.54%
    40% 5 $4,005,000 $801,000 $6,601 7.15%
    43% 5 $2,765,000 $553,000 $7,164 6.80%
    46% 5 $1,695,000 $339,000 $5,868 7.47%
    41% 4 $3,170,000 $792,500 $6,935 6.61%
    39% 4 $1,860,000 $465,000 $6,896 7.03%
    49% 4 $1,390,000 $347,500 $4,958 6.19%
    44% 4 $1,190,000 $297,500 $5,404 7.38%
    >60% 4 $580,000 $145,000 $1,942 8.72%
    47% 2 $490,000 $245,000 $4,928 6.93%
    50-60% 2 $220,000 $110,000 $1,886 7.63%

    Home Bank lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 154 $53,860,000 $349,740 $5,087 7.26%
    Not applicable 99 $33,135,000 $334,697 $0 8.70%
    Asian 8 $6,400,000 $800,000 $7,628 7.37%
    Black 24 $3,290,000 $137,083 $4,188 8.05%
    Not provided 4 $1,180,000 $295,000 $7,572 7.97%
    Other Asian 2 $1,110,000 $555,000 $5,655 5.24%
    American Indian 1 $155,000 $155,000 $2,139 5.63%

    Approval Rates

    Total approvals of all applications
    90.16%

    Home Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.03%

    Home Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 292 $99,130,000 $339,486

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    292 $99,130,000 $339,486

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $8,910,000 $212,143 $3,711 7.98%
    40-60% 57 $17,275,000 $303,070 $4,267 7.91%
    60-80% 112 $49,060,000 $438,036 $6,340 7.94%
    80-100% 64 $22,430,000 $350,469 $5,042 7.14%
    Under 20% 17 $1,455,000 $85,588 $1,208 8.64%