Home Federal Bank Mortgage Rates, Fees & Info

Shreveport, LA

LEI: 549300K2EV48DVSYNV15

Tax ID: 72-0214680

5 stars - out of 5 stars, based on 20 reviews

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

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Mortgage Data

  • SimulatedRates™
  • 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 Federal Bank is a smaller bank specializing in Home Purchase and Refi loans. Home Federal Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Shreveport, Minden, Dallas, Ruston, and Cincinnati among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Federal Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Home Federal Bank 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.

    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 6.84% 3/23/23
    30 Year Conventional Refi 6.97% 3/23/23
    30 Year Cash-out Refi 6.77% 3/23/23
    30 Year FHA Purchase 7.48% 3/23/23
    30 Year VA Purchase 6.47% 3/23/23
    30 Year VA Refi 6.27% 3/23/23
    30 Year USDA Purchase 6.93% 3/23/23
    30 Year USDA Refi 6.69% 3/23/23
    15 Year Conventional Purchase 6.11% 3/23/23
    15 Year Conventional Refi 6.80% 3/23/23
    15 Year Cash-out Refi 6.80% 3/23/23
    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

    386

    Origination Dollar Volume (All Markets)

    $96,860,000
    Show all (5) awards

    Relative Rate

    Home Federal Bank's average 30 year fixed mortgage rate was 4.96%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.2%.

    Relative Fees (Closing Costs)

    Home Federal Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,952.

    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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 275 $69,515,000 $252,782 $4,508 4.97%
    Minden, LA (FHA|USDA|VA) 69 $11,865,000 $171,957 $3,969 4.96%
    Outside of Metro Areas 10 $5,270,000 $527,000 $4,817 4.68%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,260,000 $315,000 $10,203 5.59%
    Ruston, LA (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,812 4.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $855,000 $855,000 $7,071 5.13%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $845,000 $281,667 $2,060 2.92%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $790,000 $395,000 $7,140 5.10%
    Natchitoches, LA (FHA|USDA|VA) 1 $775,000 $775,000 $0 5.85%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $645,000 $645,000 $5,259 2.63%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $605,000 $605,000 $0 4.79%
    BOISE CITY, ID (FHA|USDA|VA) 1 $415,000 $415,000 $3,472 4.13%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $395,000 $395,000 $9,870 4.88%
    LONGVIEW, TX (FHA|USDA|VA) 1 $385,000 $385,000 $4,403 5.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,729 3.13%
    MONROE, LA (FHA|USDA|VA) 2 $330,000 $165,000 $3,299 4.31%
    JACKSON, MS (FHA|USDA|VA) 1 $305,000 $305,000 $3,845 5.38%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $255,000 $255,000 $3,561 5.38%
    JACKSON, TN (FHA|USDA|VA) 1 $245,000 $245,000 $10,433 5.50%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.50%
    Plainview, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,884 5.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,823 5.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $2,853 2.88%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $85,000 $85,000 $2,113 5.63%
    Home Federal Bank's top markets include Shreveport, Minden, Dallas, Ruston, and Cincinnati among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Home Federal Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bossier Federal Credit Union
    Similarity Rank: 34
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 176
    FBT Mortgage, L.L.C.
    Similarity Rank: 540
    ANECA Federal Credit Union
    Similarity Rank: 979
    DSLD MORTGAGE, LLC
    Similarity Rank: 1520
    Cross Keys Bank
    Similarity Rank: 1881
    Low VA Rates, LLC
    Similarity Rank: 1967
    Home Federal Bank
    Similarity Rank: 2592
    BARKSDALE
    Similarity Rank: 2640
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 2795

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 343 $87,925,000 $256,341 $3,909 4.94%
    FHA 24 $4,490,000 $187,083 $7,520 5.35%
    VA 11 $3,205,000 $291,364 $9,060 4.64%
    USDA 8 $1,240,000 $155,000 $4,651 4.19%

    For 2022, Home Federal Bank's most frequently originated type of loan was Conventional, with 343 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 234 $61,360,000 $262,222 $4,971 5.05%
    Refi 113 $28,515,000 $252,345 $3,826 4.75%
    Cash Out Refi 37 $6,905,000 $186,622 $3,270 4.81%
    Home Improvement 2 $80,000 $40,000 $0 5.27%

    For 2022, Home Federal Bank's most frequently cited loan purpose was Home Purchase, with 234 originations. The 2nd most popular reason was Refi, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 196 $55,630,000 $283,827 $4,952 4.96%
    5 Year 109 $19,425,000 $178,211 $0 5.24%
    15 Year 31 $5,205,000 $167,903 $2,727 4.35%
    Other 24 $9,800,000 $408,333 $91 4.70%
    20 Year 13 $2,115,000 $162,692 $2,532 3.99%
    10 Year 6 $3,790,000 $631,667 $2,378 4.48%
    1 Year 5 $745,000 $149,000 $0 4.92%
    3 Year 2 $150,000 $75,000 $0 6.35%

    For 2022, Home Federal Bank's most frequently cited loan duration was 30 Year, with 196 originations. The 2nd most popular length was 5 Year, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 169 $44,795,000 $265,059
    $1k-2k 23 $4,495,000 $195,435
    $2k-3k 18 $4,250,000 $236,111
    $5k+ 12 $5,630,000 $469,167
    $4k-5k 9 $2,625,000 $291,667
    $3k-4k 7 $1,515,000 $216,429

    Home Federal Bank's average total fees were $4,952, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 169 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 132 $27,580,000 $208,939
    5-6% 122 $30,030,000 $246,148
    3-4% 59 $24,315,000 $412,119
    6-7% 44 $8,090,000 $183,864
    2.5-3% 18 $4,920,000 $273,333
    7-8% 9 $1,425,000 $158,333
    <2.5% 2 $500,000 $250,000

    During 2022, Home Federal Bank's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 4-5%, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 122 $17,530,000 $143,689 $3,614 4.93%
    $200k-400k 116 $31,430,000 $270,948 $4,982 4.86%
    $100,000 or less 95 $6,165,000 $64,895 $2,604 5.18%
    $400k-600k 23 $10,745,000 $467,174 $6,474 4.86%
    $600k-1MM 22 $15,530,000 $705,909 $7,003 4.68%
    $1MM+ 8 $15,460,000 $1,932,500 $5,712 4.36%

    2022 saw Home Federal Bank place emphasis on $100k-200k loans with 122 originations, totaling $17,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 59 $9,655,000 $163,644 $4,044 5.00%
    $100k-150k 57 $14,395,000 $252,544 $4,270 5.10%
    $75k-100k 48 $9,550,000 $198,958 $5,098 5.04%
    $150k-250k 42 $14,440,000 $343,810 $4,702 4.99%
    $250k+ 30 $15,940,000 $531,333 $5,483 4.48%
    $50k or less 27 $3,605,000 $133,519 $3,789 4.69%

    Home Federal Bank lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $13,090,000 $261,800 $3,460 4.92%
    30-36% 43 $12,995,000 $302,209 $4,781 5.00%
    <20% 27 $6,665,000 $246,852 $4,268 4.75%
    36% 14 $4,610,000 $329,286 $4,917 4.33%
    42% 11 $2,395,000 $217,727 $6,174 4.55%
    41% 10 $2,000,000 $200,000 $4,153 5.16%
    43% 10 $2,040,000 $204,000 $4,273 4.96%
    44% 9 $2,135,000 $237,222 $4,361 4.17%
    46% 9 $2,035,000 $226,111 $4,213 4.78%
    47% 9 $2,995,000 $332,778 $6,019 5.28%
    39% 7 $1,855,000 $265,000 $3,780 4.79%
    50-60% 6 $1,330,000 $221,667 $7,072 5.23%
    40% 6 $2,280,000 $380,000 $5,512 5.79%
    48% 6 $1,630,000 $271,667 $5,341 5.25%
    38% 6 $1,610,000 $268,333 $5,994 4.56%
    49% 5 $1,305,000 $261,000 $3,365 4.13%
    37% 5 $1,095,000 $219,000 $3,698 4.27%
    45% 4 $1,100,000 $275,000 $6,719 5.06%

    Home Federal Bank lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 243 $61,095,000 $251,420 $4,504 4.91%
    Not applicable 112 $27,690,000 $247,232 $0 4.98%
    Black 18 $3,550,000 $197,222 $4,980 5.37%
    Not provided 8 $3,170,000 $396,250 $5,267 4.34%
    Asian 3 $705,000 $235,000 $3,304 4.58%
    Asian Indian 2 $650,000 $325,000 $3,430 4.75%

    Approval Rates

    Total approvals of all applications
    96.23%

    Home Federal Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.30%

    Home Federal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 386 $96,860,000 $250,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    386 $96,860,000 $250,933

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $2,225,000 $96,739 $2,591 4.88%
    40-60% 48 $11,860,000 $247,083 $3,121 4.65%
    60-80% 130 $33,390,000 $256,846 $4,671 4.93%
    80-100% 132 $32,380,000 $245,303 $4,997 5.03%
    Over 100% 40 $15,450,000 $386,250 $14,420 4.83%
    Under 20% 9 $785,000 $87,222 $832 5.48%