Home Bank Mortgage Rates, Fees & Info
Lafayette, LALEI: 549300II7Y8V2KY9TM28
Tax ID: 72-0214660
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 4/17/25 |
| 30 Year Conventional Refi | 6.88% | 4/17/25 |
| 30 Year Cash-out Refi | 6.95% | 4/17/25 |
| 30 Year FHA Purchase | 6.72% | 4/17/25 |
| 30 Year VA Purchase | 6.72% | 4/17/25 |
| 30 Year USDA Purchase | 7.41% | 4/17/25 |
| 15 Year Conventional Purchase | 6.61% | 4/17/25 |
| 15 Year Conventional Refi | 8.03% | 4/17/25 |
| 15 Year Cash-out Refi | 8.03% | 4/17/25 |
| 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
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This is not an official calculator from Home Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
292Origination Dollar Volume (All Markets)
$99,130,000Awards
Home Bank - 2024
Home Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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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% |
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: 12
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Similarity Rank: 540
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
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
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
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
2024 saw Home Bank place emphasis on $100,000 or less loans with 83 originations, totaling $4,865,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.16%
Home Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.03%
Home Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 292 | $99,130,000 | $339,486 |