Home Bank Mortgage Rates, Fees & Info

Lafayette, LA

LEI: 549300II7Y8V2KY9TM28

Tax ID: 72-0214660

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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.

    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 6.44% 4/28/24
    30 Year Conventional Refi 6.37% 4/28/24
    30 Year Cash-out Refi 6.58% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year VA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.61% 4/28/24
    15 Year Conventional Purchase 6.54% 4/28/24
    15 Year Conventional Refi 6.92% 4/28/24
    15 Year Cash-out Refi 6.92% 4/28/24
    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.

    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

    535

    Origination Dollar Volume (All Markets)

    $165,945,000

    Awards

    Home Bank 30 Year Conventional Loans gold Home Bank 30 Year Conventional Loans silver Home Bank 30 Year Conventional Loans silver Home Bank 30 Year Conventional Loans bronze
    Show all (4) awards

    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%
    Home Bank's top markets include New Orleans, Lafayette, Baton Rouge, Hammond, and Opelousas among others.

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

    MERITUS Federal Credit Union
    Similarity Rank: 58
    Jefferson Parish Employees FCU
    Similarity Rank: 90
    Neighbors Federal Credit Union
    Similarity Rank: 96
    JEFFERSON FINANCIAL
    Similarity Rank: 169
    Abbeville Building & Loan (A State-Chartered Savings Bank)
    Similarity Rank: 224
    Eureka Homestead
    Similarity Rank: 295
    Campus Federal Credit Union
    Similarity Rank: 568
    America's Mortgage Resource, Inc.
    Similarity Rank: 570
    ESSENTIAL
    Similarity Rank: 648
    TIB The Independent Bankersbank
    Similarity Rank: 702

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 306 $111,080,000 $363,007 $5,210 5.12%
    Refi 120 $24,540,000 $204,500 $2,900 5.33%
    Cash Out Refi 90 $26,670,000 $296,333 $3,877 4.98%
    Other 10 $1,820,000 $182,000 $3,416 4.80%
    Home Improvement 9 $1,835,000 $203,889 $1,982 5.29%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 169 $56,905,000 $336,716 $4,187 4.70%
    5 Year 120 $35,060,000 $292,167 $342 5.22%
    30+ year 74 $37,970,000 $513,108 $7,346 5.19%
    10 Year 49 $6,645,000 $135,612 $1,166 5.53%
    15 Year 44 $7,300,000 $165,909 $2,394 5.08%
    20 Year 39 $8,785,000 $225,256 $3,285 5.28%
    Other 27 $9,865,000 $365,370 $4,979 6.45%
    1 Year 9 $2,905,000 $322,778 $0 5.24%
    3 Year 4 $510,000 $127,500 $0 5.55%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 177 $52,125,000 $294,492
    $1k-2k 68 $35,890,000 $527,794
    $2k-3k 8 $3,150,000 $393,750
    $3k-4k 7 $2,575,000 $367,857
    $5k+ 6 $1,250,000 $208,333
    $4k-5k 1 $225,000 $225,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 237 $74,055,000 $312,468
    5-6% 132 $44,680,000 $338,485
    6-7% 68 $16,140,000 $237,353
    3-4% 64 $26,380,000 $412,188
    7-8% 18 $2,080,000 $115,556
    Over 8% 8 $850,000 $106,250
    2.5-3% 6 $1,510,000 $251,667
    <2.5% 2 $250,000 $125,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 147 $42,975,000 $292,347 $4,679 5.07%
    $100k-200k 134 $19,240,000 $143,582 $3,471 5.00%
    $100,000 or less 111 $5,955,000 $53,649 $1,517 5.78%
    $400k-600k 73 $35,575,000 $487,329 $5,658 4.86%
    $600k-1MM 53 $41,125,000 $775,943 $6,698 4.87%
    $1MM+ 17 $21,075,000 $1,239,706 $8,822 4.71%

    2022 saw Home Bank place emphasis on $200k-400k loans with 147 originations, totaling $42,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 77 $42,155,000 $547,468 $5,668 4.86%
    $150k-250k 75 $30,025,000 $400,333 $5,219 5.10%
    $100k-150k 71 $19,995,000 $281,620 $4,487 5.12%
    $50k-75k 43 $6,455,000 $150,116 $3,846 5.20%
    $50k or less 42 $4,400,000 $104,762 $2,509 5.51%
    $75k-100k 38 $8,290,000 $218,158 $4,624 4.83%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 69 $20,455,000 $296,449 $4,438 4.95%
    30-36% 56 $19,860,000 $354,643 $4,663 4.98%
    <20% 33 $12,155,000 $368,333 $4,270 4.62%
    42% 17 $5,935,000 $349,118 $5,067 4.71%
    39% 17 $5,645,000 $332,059 $4,764 5.26%
    41% 14 $7,960,000 $568,571 $6,043 4.60%
    38% 14 $5,930,000 $423,571 $4,481 5.35%
    40% 14 $6,620,000 $472,857 $5,527 4.55%
    37% 10 $3,090,000 $309,000 $4,491 4.70%
    36% 10 $4,840,000 $484,000 $5,085 4.95%
    45% 10 $2,460,000 $246,000 $4,989 5.44%
    43% 8 $1,890,000 $236,250 $3,460 5.17%
    49% 6 $1,670,000 $278,333 $4,604 3.94%
    >60% 6 $1,330,000 $221,667 $2,119 7.54%
    44% 4 $1,800,000 $450,000 $6,318 5.06%
    46% 4 $920,000 $230,000 $4,140 5.19%
    47% 3 $795,000 $265,000 $3,326 4.54%
    50-60% 2 $960,000 $480,000 $2,762 5.06%
    48% 1 $165,000 $165,000 $0 6.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 280 $91,910,000 $328,250 $4,476 4.99%
    Not applicable 176 $51,780,000 $294,205 $0 5.27%
    Black 55 $13,705,000 $249,182 $5,227 5.49%
    Not provided 11 $4,515,000 $410,455 $6,224 5.18%
    Asian 9 $3,125,000 $347,222 $4,637 5.12%
    Other Pacific Islander 1 $445,000 $445,000 $4,036 4.13%
    Other Asian 2 $360,000 $180,000 $5,657 5.63%
    Vietnamese 1 $105,000 $105,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    93.03%

    Home Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.95%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    535 $165,945,000 $310,178

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $11,845,000 $176,791 $2,737 5.34%
    40-60% 77 $21,445,000 $278,506 $4,525 4.81%
    60-80% 232 $80,600,000 $347,414 $5,298 5.20%
    80-100% 121 $47,535,000 $392,851 $4,965 4.92%
    Over 100% 2 $1,270,000 $635,000 $12,145 5.06%
    Under 20% 36 $3,250,000 $90,278 $545 5.83%

    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%