Home Federal Bank Mortgage Rates, Fees & Info

Shreveport, LA

LEI: 549300K2EV48DVSYNV15

Tax ID: 72-0214680

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

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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Shreveport, Natchitoches, Monroe, Longview, and New Orleans among others. We have data for 14 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 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	6.84%	4/21/24
30 Year Conventional Refi	6.97%	4/21/24
30 Year Cash-out Refi	6.77%	4/21/24
30 Year FHA Purchase	7.48%	4/21/24
30 Year VA Purchase	6.47%	4/21/24
30 Year VA Refi	6.27%	4/21/24
30 Year USDA Purchase	6.93%	4/21/24
30 Year USDA Refi	6.69%	4/21/24
15 Year Conventional Purchase	6.11%	4/21/24
15 Year Conventional Refi	6.80%	4/21/24
15 Year Cash-out Refi	6.80%	4/21/24
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 Federal Bank Mortgage Calculator

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This is not an official calculator from Home Federal 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

399

Origination Dollar Volume (All Markets)

$77,105,000

Employee count

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)	369	$68,075,000	$184,485	$4,197	5.00%
Natchitoches, LA (FHA\|USDA\|VA)	1	$4,645,000	$4,645,000	$0	5.31%
MONROE, LA (FHA\|USDA\|VA)	7	$1,075,000	$153,571	$4,564	4.77%
LONGVIEW, TX (FHA\|USDA\|VA)	4	$650,000	$162,500	$4,755	4.66%
Outside of Metro Areas	3	$565,000	$188,333	$4,132	5.42%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	2	$520,000	$260,000	$13,854	5.14%
JACKSON, MS (FHA\|USDA\|VA)	2	$380,000	$190,000	$3,570	5.13%
Minden, LA (FHA\|USDA\|VA)	4	$320,000	$80,000	$3,426	5.65%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$245,000	$245,000	$2,077	4.38%
Ruston, LA (FHA\|USDA\|VA)	2	$200,000	$100,000	$2,715	5.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,054	4.38%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,316	4.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,464	5.25%
ALEXANDRIA, LA (FHA\|USDA\|VA)	1	$45,000	$45,000	$2,371	5.99%

Home Federal Bank's top markets include Shreveport, Natchitoches, Monroe, Longview, and New Orleans among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Arkansas (FHA|USDA|VA)

Alabama (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.

PIERREMONT MORTGAGE, INC.
Similarity Rank: 93

Bossier Federal Credit Union
Similarity Rank: 132

BARKSDALE
Similarity Rank: 297

Home Federal Bank
Similarity Rank: 1246

Iberiabank
Similarity Rank: 1352

Red River Bank
Similarity Rank: 1440

Chickasaw Community Bank
Similarity Rank: 2472

GMFS LLC
Similarity Rank: 2673

STANDARD MORTGAGE CORPORATION
Similarity Rank: 3266

FirstTrust Home Loans, Inc.
Similarity Rank: 3420

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	246	$51,510,000	$209,390	$2,918	5.06%
FHA	106	$15,880,000	$149,811	$5,650	4.95%
VA	36	$8,380,000	$232,778	$6,205	4.81%
USDA	10	$1,280,000	$128,000	$4,214	4.96%
HELOC	1	$55,000	$55,000	n/a	5.50%

For 2018, Home Federal Bank's most frequently originated type of loan was Conventional, with 246 originations. Their 2nd most popular type was FHA, with 106 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	252	$49,370,000	$195,913	$4,555	4.92%
Refi	112	$20,470,000	$182,768	$2,687	5.18%
Cash Out Refi	35	$7,265,000	$207,571	$4,067	5.09%

For 2018, Home Federal Bank's most frequently cited loan purpose was Home Purchase, with 252 originations. The 2nd most popular reason was Refi, with 112 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	305	$58,005,000	$190,180	$4,342	4.93%
Other	37	$6,265,000	$169,324	$2,311	5.41%
5 Year	20	$8,420,000	$421,000	$0	5.69%
15 Year	14	$2,080,000	$148,571	$2,359	4.59%
1 Year	13	$1,215,000	$93,462	$0	5.23%
3 Year	4	$480,000	$120,000	$0	5.31%
20 Year	3	$535,000	$178,333	$2,663	4.38%
10 Year	3	$105,000	$35,000	$1,692	5.00%

For 2018, Home Federal Bank's most frequently cited loan duration was 30 Year, with 305 originations. The 2nd most popular length was Other, with 37 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	267	$51,115,000	$191,442
$1k-2k	53	$8,105,000	$152,925
$2k-3k	3	$845,000	$281,667
$4k-5k	3	$645,000	$215,000
$5k+	1	$445,000	$445,000

Home Federal Bank's average total fees were $4,342, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 267 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	240	$49,300,000	$205,417
5-6%	138	$24,650,000	$178,623
6-7%	12	$1,280,000	$106,667
3-4%	5	$985,000	$197,000
7-8%	1	$715,000	$715,000

During 2018, Home Federal Bank's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 240 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	182	$26,090,000	$143,352	$4,043	5.02%
$200k-400k	106	$28,240,000	$266,415	$4,955	4.75%
$100,000 or less	88	$5,700,000	$64,773	$3,172	5.27%
$400k-600k	15	$7,045,000	$469,667	$4,461	5.05%
$600k-1MM	7	$5,385,000	$769,286	$4,664	5.26%
$1MM+	1	$4,645,000	$4,645,000	$0	5.31%

2018 saw Home Federal Bank place emphasis on $100k-200k loans with 182 originations, totaling $26,090,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	99	$11,395,000	$115,101	$3,997	4.94%
$50k-75k	87	$13,885,000	$159,598	$4,268	4.98%
$75k-100k	60	$11,670,000	$194,500	$4,790	4.93%
$100k-150k	56	$13,200,000	$235,714	$4,183	4.87%
$150k-250k	26	$8,710,000	$335,000	$3,377	5.07%
$250k+	14	$4,720,000	$337,143	$4,212	4.87%

Home Federal Bank lent most frequently to those with incomes in the $50k or less range, with 99 originations. The second most popular income band? $50k-75k, with 87 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	56	$10,170,000	$181,607	$3,610	4.89%
20-30%	50	$9,150,000	$183,000	$3,797	4.86%
50-60%	39	$7,075,000	$181,410	$5,652	5.03%
<20%	21	$5,015,000	$238,810	$3,452	4.99%
40%	19	$3,225,000	$169,737	$3,441	4.84%
46%	16	$2,660,000	$166,250	$4,203	4.88%
43%	15	$3,215,000	$214,333	$5,441	4.80%
42%	13	$2,345,000	$180,385	$4,495	5.00%
41%	13	$2,535,000	$195,000	$4,094	4.83%
45%	13	$2,505,000	$192,692	$5,105	4.88%
38%	11	$1,805,000	$164,091	$4,126	4.93%
47%	10	$2,240,000	$224,000	$4,346	4.96%
37%	10	$2,550,000	$255,000	$3,428	4.80%
49%	10	$1,800,000	$180,000	$4,540	4.84%
44%	9	$1,365,000	$151,667	$4,714	5.07%
39%	9	$1,375,000	$152,778	$4,514	4.97%
36%	9	$1,385,000	$153,889	$3,376	5.29%
48%	7	$1,145,000	$163,571	$4,239	4.94%
>60%	1	$25,000	$25,000	$0	4.75%

Home Federal Bank lent most frequently to those with DTI ratios of 30-36%, with 56 originations. The next most common DTI ratio? 20-30%, with 50 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	221	$45,055,000	$203,869	$3,837	4.92%
Black	107	$15,975,000	$149,299	$4,839	5.02%
Not applicable	61	$14,115,000	$231,393	$3,582	5.39%
Not provided	6	$1,000,000	$166,667	$5,894	4.60%
Asian	4	$960,000	$240,000	$4,341	4.63%

Approval Rates

Total approvals of all applications
93.61%

Home Federal Bank has an average approval rate.

Pick Rate

Approvals leading to origination
93.48%

Home Federal Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	399	$77,105,000	$193,246

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$5,420,000	$2,710,000
Single Family (1-4 Units):Site-Built	397	$71,685,000	$180,567

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	10	$710,000	$71,000	$2,068	5.39%
40-60%	23	$7,055,000	$306,739	$3,135	5.03%
60-80%	82	$17,960,000	$219,024	$3,172	4.97%
80-100%	229	$40,305,000	$176,004	$4,499	4.93%
Over 100%	15	$4,615,000	$307,667	$9,920	5.18%
Under 20%	6	$260,000	$43,333	$920	5.33%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Home Federal Bank	222 Florida St Shreveport, LA 71105	Full Service B&M	$0
Home Federal Bank	2555 Viking Drive Bossier City, LA 71111	Full Service B&M	$39,117
Home Federal Bank	5841 North Market Street Shreveport, LA 71107	Full Service B&M	$17,305
Home Federal Bank	624 Market Street Shreveport, LA 71101	Full Service B&M	$119,609
Home Federal Bank	6363 Youree Drive Shreveport, LA 71105	Full Service B&M	$112,673
Home Federal Bank	7964 E. Texas St Bossier City, LA 71111	Full Service B&M	$23,871
Home Federal Bank	9300 Mansfield Road Shreveport, LA 71118	Full Service B&M	$48,684

For 2018, Home Federal Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$19,125
Net interest income	$15,270
Total noninterest income	$2,358
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$596
Trading account gains and fees	$0
Additional Noninterest Income	$1,762
Pre-tax net operating income	$6,119
Securities gains (or losses, -)	$0
Income before extraordinary items	$4,818
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,818
Minority interest net income	$0
Net income	$4,818
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,818

Home Federal Bank's gross interest income from loans was $19,125,000.
Home Federal Bank's net interest income from loans was $15,270,000.
Home Federal Bank's fee based income from loans was $596,000.
Home Federal Bank's net income from loans was $4,818,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,855
Provision for credit losses	$900
Total noninterest expense	$10,609
Salaries and employee benefits	$5,939
Premises and equipment expense	$1,394
Additional noninterest expense	$3,276
Applicable income taxes	$1,301
Net charge-offs	$804
Cash dividends	$2,000

Home Federal Bank's interest expense for loans was $3,855,000.
Home Federal Bank's payroll and benefits expense were $5,939,000.
Home Federal Bank's property, plant and equipment expenses $1,394,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$374,035
Deposits held in domestic offices	$374,035
Deposits by Individuals, partnerships, and corporations	$338,997
Deposits by U.S. Government	$8,000
Deposits by States and political subdivisions in the U.S.	$27,038
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$87,081
Demand deposits	$1,738
Nontransaction accounts	$286,954
Money market deposit accounts (MMDAs)	$70,570
Other savings deposits (excluding MMDAs)	$35,376
Total time deposits	$181,008
Total time and savings deposits	$372,297
Noninterest-bearing deposits	$59,258
Interest-bearing deposits	$314,777
Retail deposits	$315,070
IRAs and Keogh plan accounts	$12,714
Brokered deposits	$11,102
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$425,956
Cash & Balances due from depository institutions	$6,948
Interest-bearing balances	$4,283
Total securities	$62,272
Federal funds sold & reverse repurchase	$3,925
Net loans and leases	$326,132
Loan and leases loss allowance	$3,479
Trading account assets	$0
Bank premises and fixed assets	$13,164
Other real estate owned	$747
Goodwill and other intangibles	$0
All other assets	$12,768

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$425,956
Total Liabilities	$377,246
Total deposits	$374,035
Interest-bearing deposits	$314,777
Deposits held in domestic offices	$374,035
% insured (estimated)	$82
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$1,497
Subordinated debt	$0
All other liabilities	$1,714

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$326,132
Loan and leases loss allowance	$3,479
Total loans and leases (domestic)	$329,611
All real estate loans	$291,501
Real estate loans in domestic offices	$291,501
Construction and development loans	$37,991
Residential 1-4 family construction	$9,272
Other construction, all land development and other land	$28,719
Loans secured by nonfarm nonresidential properties	$81,348
Nonfarm nonresidential secured by owner-occupied properties	$56,947
Commercial real estate & other non-farm, non-residential	$24,401
Multifamily residential real estate	$29,565
1-4 family residential loans	$141,520
Farmland loans	$1,077
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$33,785
To non-U.S. addressees	$0
Loans to individuals	$583
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$70
Other loans to individuals	$513
All other loans & leases	$3,993
Loans to foreign governments and official institutions	$0
Other loans	$187
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$3,298
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$4,866
Non 1-4 family restructured loans & leases	$4,517
Total loans and leases (foreign)	$0

Home Federal Bank had $326,132,000 of loans outstanding in 2018. $291,501,000 of loans were in real estate loans. $37,991,000 of loans were in development loans. $29,565,000 of loans were in multifamily mortgage loans. $141,520,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $70,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	144	$35,702	$247,931
Nonfarm, nonresidential loans - <$100k	28	$1,347	$48,107
Nonfarm, nonresidential loans - $100-250k	47	$6,668	$141,872
Nonfarm, nonresidential loans - $250k-1MM	69	$27,687	$401,261
Commercial & Industrial, US addressed loans - <$1MM	226	$22,404	$99,133
Commercial & Industrial, US addressed loans - <$100k	136	$3,243	$23,846
Commercial & Industrial, US addressed loans - $100-250k	51	$5,505	$107,941
Commercial & Industrial, US addressed loans - $250k-1MM	39	$13,656	$350,154
Farmland loans - <$1MM	4	$1,077	$269,250
Farmland loans - <$100k	1	$94	$94,000
Farmland loans - $100-250k	1	$167	$167,000
Farmland loans - $250k-1MM	2	$816	$408,000