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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Home Federal Bank is a smaller bank specializing in Refi and Home Purchase 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, Killeen, Minden, Dallas, and Monroe among others. We have data for 28 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% 12/16/24
    30 Year Conventional Refi 6.97% 12/16/24
    30 Year Cash-out Refi 6.77% 12/16/24
    30 Year FHA Purchase 7.48% 12/16/24
    30 Year VA Purchase 6.47% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    30 Year USDA Purchase 6.93% 12/16/24
    30 Year USDA Refi 6.69% 12/16/24
    15 Year Conventional Purchase 6.11% 12/16/24
    15 Year Conventional Refi 6.80% 12/16/24
    15 Year Cash-out Refi 6.80% 12/16/24
    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






    Your Estimates

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

    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

    911

    Origination Dollar Volume (All Markets)

    $217,645,000

    Employee count

    59 Show all (8) 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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 810 $191,040,000 $235,852 $3,585 3.27%
    Outside of Metro Areas 24 $4,960,000 $206,667 $2,811 3.09%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $3,240,000 $1,620,000 $2,294 3.90%
    Minden, LA (FHA|USDA|VA) 16 $2,590,000 $161,875 $4,089 3.42%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,145,000 $306,429 $3,505 3.30%
    MONROE, LA (FHA|USDA|VA) 11 $1,825,000 $165,909 $5,844 3.39%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,455,000 $485,000 $4,196 3.12%
    BATON ROUGE, LA (FHA|USDA|VA) 7 $1,355,000 $193,571 $4,586 3.18%
    Ruston, LA (FHA|USDA|VA) 5 $1,175,000 $235,000 $2,824 3.47%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.25%
    LONGVIEW, TX (FHA|USDA|VA) 3 $895,000 $298,333 $4,252 2.96%
    LAKE CHARLES, LA (FHA|USDA|VA) 2 $760,000 $380,000 $0 5.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 3 $715,000 $238,333 $4,459 3.92%
    Branson, MO (FHA|USDA|VA) 1 $515,000 $515,000 $3,034 2.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,808 2.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $475,000 $475,000 $2,192 3.13%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $455,000 $455,000 $4,261 3.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $420,000 $210,000 $3,217 3.06%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $410,000 $205,000 $3,014 2.25%
    WACO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,497 2.50%
    Natchitoches, LA (FHA|USDA|VA) 1 $235,000 $235,000 $2,843 3.63%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $215,000 $215,000 $2,192 2.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $215,000 $215,000 $1,656 3.13%
    ENID, OK (FHA|USDA|VA) 1 $215,000 $215,000 $3,225 3.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,704 3.38%
    Greenville, MS (FHA|USDA|VA) 1 $165,000 $165,000 $5,667 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $85,000 $85,000 $2,398 3.38%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,396 3.00%
    Home Federal Bank's top markets include Shreveport, Killeen, Minden, Dallas, and Monroe among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Missouri (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: 76
    Bossier Federal Credit Union
    Similarity Rank: 78
    DSLD MORTGAGE, LLC
    Similarity Rank: 1280
    BARKSDALE
    Similarity Rank: 1386
    FBT Mortgage, L.L.C.
    Similarity Rank: 1833
    Red River Bank
    Similarity Rank: 2484
    Home Federal Bank
    Similarity Rank: 2548
    SENTE MORTGAGE, INC.
    Similarity Rank: 2805
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 5561
    Trustmark National Bank
    Similarity Rank: 6110

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 701 $180,235,000 $257,111 $2,678 3.26%
    FHA 156 $23,970,000 $153,654 $6,835 3.48%
    VA 41 $10,635,000 $259,390 $4,059 2.90%
    USDA 12 $2,300,000 $191,667 $4,935 2.97%
    HELOC 1 $505,000 $505,000 n/a 0.00%

    For 2020, Home Federal Bank's most frequently originated type of loan was Conventional, with 701 originations. Their 2nd most popular type was FHA, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 409 $108,365,000 $264,951 $2,463 3.13%
    Home Purchase 382 $73,860,000 $193,351 $5,104 3.49%
    Cash Out Refi 119 $35,265,000 $296,345 $2,845 3.06%
    Home Improvement 1 $155,000 $155,000 $0 5.00%

    For 2020, Home Federal Bank's most frequently cited loan purpose was Refi, with 409 originations. The 2nd most popular reason was Home Purchase, with 382 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 608 $143,300,000 $235,691 $3,971 3.09%
    15 Year 134 $31,040,000 $231,642 $2,470 2.66%
    5 Year 75 $21,575,000 $287,667 $0 5.04%
    Other 33 $11,155,000 $338,030 $2,231 4.35%
    20 Year 25 $5,845,000 $233,800 $2,327 2.98%
    10 Year 16 $2,180,000 $136,250 $1,726 3.36%
    1 Year 11 $1,595,000 $145,000 $0 4.94%
    3 Year 9 $955,000 $106,111 $0 5.11%

    For 2020, Home Federal Bank's most frequently cited loan duration was 30 Year, with 608 originations. The 2nd most popular length was 15 Year, with 134 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 622 $154,500,000 $248,392
    $2k-3k 80 $12,940,000 $161,750
    $1k-2k 64 $10,860,000 $169,688
    $3k-4k 20 $4,360,000 $218,000
    $4k-5k 3 $975,000 $325,000
    $5k+ 1 $425,000 $425,000

    Home Federal Bank's average total fees were $3,971, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 622 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 288 $60,890,000 $211,424
    2.5-3% 254 $64,700,000 $254,724
    <2.5% 204 $50,600,000 $248,039
    4-5% 109 $30,105,000 $276,193
    5-6% 54 $10,790,000 $199,815
    6-7% 1 $55,000 $55,000

    During 2020, Home Federal Bank's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 288 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 369 $55,745,000 $151,070 $3,989 3.30%
    $200k-400k 324 $89,640,000 $276,667 $3,364 2.92%
    $100,000 or less 118 $8,210,000 $69,576 $2,765 4.19%
    $400k-600k 79 $37,945,000 $480,316 $3,474 2.92%
    $1MM+ 11 $18,355,000 $1,668,636 $6,114 4.49%
    $600k-1MM 10 $7,750,000 $775,000 $4,188 4.28%

    2020 saw Home Federal Bank place emphasis on $100k-200k loans with 369 originations, totaling $55,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 174 $30,430,000 $174,885 $4,375 3.12%
    $50k or less 173 $25,775,000 $148,988 $4,658 3.23%
    $100k-150k 155 $40,065,000 $258,484 $2,850 2.86%
    $75k-100k 111 $23,725,000 $213,739 $2,997 3.03%
    $150k-250k 95 $29,565,000 $311,211 $2,793 2.87%
    $250k+ 72 $30,640,000 $425,556 $3,246 3.01%

    Home Federal Bank lent most frequently to those with incomes in the $50k-75k range, with 174 originations. The second most popular income band? $50k or less, with 173 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 171 $42,115,000 $246,287 $2,931 2.94%
    30-36% 115 $29,875,000 $259,783 $3,293 2.99%
    <20% 104 $27,930,000 $268,558 $2,752 2.79%
    50-60% 58 $10,160,000 $175,172 $6,825 3.31%
    44% 33 $7,345,000 $222,576 $4,040 3.22%
    43% 31 $7,855,000 $253,387 $3,698 3.03%
    40% 29 $6,035,000 $208,103 $3,113 3.09%
    38% 28 $5,910,000 $211,071 $3,295 3.04%
    37% 26 $7,280,000 $280,000 $3,439 3.03%
    39% 25 $5,025,000 $201,000 $3,144 2.87%
    46% 24 $4,510,000 $187,917 $4,250 3.11%
    41% 23 $4,075,000 $177,174 $3,062 3.28%
    42% 22 $4,370,000 $198,636 $4,698 3.23%
    36% 20 $3,960,000 $198,000 $3,758 3.01%
    49% 17 $3,355,000 $197,353 $4,888 3.24%
    45% 16 $3,120,000 $195,000 $3,983 3.19%
    48% 13 $2,845,000 $218,846 $4,847 2.92%
    47% 12 $2,170,000 $180,833 $4,488 3.24%
    >60% 5 $1,225,000 $245,000 $5,140 2.75%

    Home Federal Bank lent most frequently to those with DTI ratios of 20-30%, with 171 originations. The next most common DTI ratio? 30-36%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 552 $141,320,000 $256,014 $2,852 2.92%
    Black 199 $33,195,000 $166,809 $5,845 3.38%
    Not applicable 113 $32,455,000 $287,212 $2,653 4.96%
    Not provided 40 $9,100,000 $227,500 $2,937 2.88%
    Asian 4 $1,180,000 $295,000 $3,216 3.28%
    Filipino 2 $310,000 $155,000 $1,932 2.38%
    American Indian 1 $85,000 $85,000 $2,396 3.00%

    Approval Rates

    Total approvals of all applications
    96.61%

    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
    93.85%

    Home Federal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 911 $217,645,000 $238,908

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $305,000 $305,000
    Multifamily:Site-Built 25 $19,215,000 $768,600
    Single Family (1-4 Units):Manufactured 5 $245,000 $49,000
    Single Family (1-4 Units):Site-Built 880 $197,880,000 $224,864

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $9,970,000 $199,400 $2,433 3.09%
    40-60% 127 $28,565,000 $224,921 $2,494 3.26%
    60-80% 319 $84,905,000 $266,160 $2,671 3.19%
    80-100% 365 $73,585,000 $201,603 $4,856 3.21%
    Over 100% 32 $18,640,000 $582,500 $7,687 4.70%
    Under 20% 17 $1,845,000 $108,529 $939 4.10%

    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 $49,287
    Home Federal Bank 5841 North Market Street Shreveport, LA 71107 Full Service B&M $23,567
    Home Federal Bank 624 Market Street Shreveport, LA 71101 Full Service B&M $110,387
    Home Federal Bank 6363 Youree Drive Shreveport, LA 71105 Full Service B&M $142,271
    Home Federal Bank 7964 E. Texas St Bossier City, LA 71111 Full Service B&M $35,779
    Home Federal Bank 925 Pierremont Road Shreveport, LA 71106 Full Service B&M $35,849
    Home Federal Bank 9300 Mansfield Road Shreveport, LA 71118 Full Service B&M $64,414

    For 2020, Home Federal Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,369
    Net interest income $16,121
    Total noninterest income $4,811
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $550
    Trading account gains and fees $0
    Additional Noninterest Income $4,261
    Pre-tax net operating income $6,086
    Securities gains (or losses, -) $219
    Income before extraordinary items $4,978
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,978
    Minority interest net income $0
    Net income $4,978
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,804

    Home Federal Bank's gross interest income from loans was $20,369,000.
    Home Federal Bank's net interest income from loans was $16,121,000.
    Home Federal Bank's fee based income from loans was $550,000.
    Home Federal Bank's net income from loans was $4,978,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,248
    Provision for credit losses $2,066
    Total noninterest expense $12,780
    Salaries and employee benefits $7,951
    Premises and equipment expense $1,646
    Additional noninterest expense $3,183
    Applicable income taxes $1,327
    Net charge-offs $1,773
    Cash dividends $3,000

    Home Federal Bank's interest expense for loans was $4,248,000.
    Home Federal Bank's payroll and benefits expense were $7,951,000.
    Home Federal Bank's property, plant and equipment expenses $1,646,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 7.0%
    Nonfarm, nonresidential loans 1.0%
    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 $478,523
    Deposits held in domestic offices $478,523
    Deposits by Individuals, partnerships, and corporations $447,397
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $31,126
    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 $153,889
    Demand deposits $2,375
    Nontransaction accounts $324,634
    Money market deposit accounts (MMDAs) $76,070
    Other savings deposits (excluding MMDAs) $108,626
    Total time deposits $139,938
    Total time and savings deposits $476,148
    Noninterest-bearing deposits $107,547
    Interest-bearing deposits $370,976
    Retail deposits $424,738
    IRAs and Keogh plan accounts $11,844
    Brokered deposits $11,557
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $536,009
    Cash & Balances due from depository institutions $57,788
    Interest-bearing balances $53,671
    Total securities $63,843
    Federal funds sold & reverse repurchase $21,975
    Net loans and leases $364,390
    Loan and leases loss allowance $3,790
    Trading account assets $0
    Bank premises and fixed assets $14,842
    Other real estate owned $750
    Goodwill and other intangibles $0
    All other assets $12,421

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $536,009
    Total Liabilities $482,336
    Total deposits $478,523
    Interest-bearing deposits $370,976
    Deposits held in domestic offices $478,523
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $907
    Subordinated debt $0
    All other liabilities $2,906

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $364,390
    Loan and leases loss allowance $3,790
    Total loans and leases (domestic) $368,180
    All real estate loans $299,490
    Real estate loans in domestic offices $299,490
    Construction and development loans $26,059
    Residential 1-4 family construction $8,363
    Other construction, all land development and other land $17,696
    Loans secured by nonfarm nonresidential properties $86,304
    Nonfarm nonresidential secured by owner-occupied properties $59,250
    Commercial real estate & other non-farm, non-residential $27,054
    Multifamily residential real estate $42,306
    1-4 family residential loans $143,655
    Farmland loans $1,166
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $64,891
    To non-U.S. addressees $0
    Loans to individuals $859
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $28
    Other loans to individuals $831
    All other loans & leases $3,578
    Loans to foreign governments and official institutions $0
    Other loans $58
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,923
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Home Federal Bank had $364,390,000 of loans outstanding in 2020. $299,490,000 of loans were in real estate loans. $26,059,000 of loans were in development loans. $42,306,000 of loans were in multifamily mortgage loans. $143,655,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $28,000 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 153 $37,912 $247,791
    Nonfarm, nonresidential loans - <$100k 24 $1,050 $43,750
    Nonfarm, nonresidential loans - $100-250k 58 $8,029 $138,431
    Nonfarm, nonresidential loans - $250k-1MM 71 $28,833 $406,099
    Commercial & Industrial, US addressed loans - <$1MM 552 $48,930 $88,641
    Commercial & Industrial, US addressed loans - <$100k 363 $9,940 $27,383
    Commercial & Industrial, US addressed loans - $100-250k 112 $13,711 $122,420
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $25,279 $328,299
    Farmland loans - <$1MM 4 $1,165 $291,250
    Farmland loans - $100-250k 1 $147 $147,000
    Farmland loans - $250k-1MM 3 $1,018 $339,333