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™
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    • 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 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, Minden, Monroe, Houston, and Ruston 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

    711

    Origination Dollar Volume (All Markets)

    $170,655,000

    Employee count

    71 Show all (5) 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) 612 $143,370,000 $234,265 $4,183 3.22%
    Minden, LA (FHA|USDA|VA) 29 $7,975,000 $275,000 $3,956 3.49%
    MONROE, LA (FHA|USDA|VA) 18 $2,930,000 $162,778 $5,793 3.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,750,000 $458,333 $4,406 2.87%
    Outside of Metro Areas 9 $2,395,000 $266,111 $5,023 3.36%
    Ruston, LA (FHA|USDA|VA) 2 $1,920,000 $960,000 $5,568 3.88%
    Montrose, CO (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 4.25%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,290,000 $322,500 $2,880 3.19%
    LONGVIEW, TX (FHA|USDA|VA) 4 $950,000 $237,500 $3,135 2.63%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $920,000 $230,000 $2,543 3.46%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $545,000 $545,000 $4,282 2.38%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $540,000 $270,000 $2,555 2.62%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $4,850 3.83%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $350,000 $175,000 $3,987 3.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.25%
    Stephenville, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,192 2.88%
    MOBILE, AL (FHA|USDA|VA) 1 $295,000 $295,000 $2,532 2.50%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $275,000 $275,000 $3,205 2.88%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $270,000 $135,000 $2,097 2.50%
    Fort Polk South, LA (FHA|USDA|VA) 1 $255,000 $255,000 $2,622 2.75%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,437 2.38%
    Starkville, MS (FHA|USDA|VA) 1 $195,000 $195,000 $3,046 2.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $185,000 $185,000 $4,189 3.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $175,000 $175,000 $8,302 2.99%
    TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,968 3.00%
    Natchitoches, LA (FHA|USDA|VA) 1 $135,000 $135,000 $1,248 3.13%
    WACO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $1,812 3.00%
    ENID, OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,630 3.99%
    Home Federal Bank's top markets include Shreveport, Minden, Monroe, Houston, and Ruston among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Arkansas (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: 68
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    ANECA Federal Credit Union
    Similarity Rank: 890
    DSLD MORTGAGE, LLC
    Similarity Rank: 1440
    FBT Mortgage, L.L.C.
    Similarity Rank: 1620
    BARKSDALE
    Similarity Rank: 2640
    Cross Keys Bank
    Similarity Rank: 2673
    Home Federal Bank
    Similarity Rank: 3024
    Red River Bank
    Similarity Rank: 4104
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 4160

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 493 $132,605,000 $268,976 $2,921 3.21%
    FHA 174 $27,640,000 $158,851 $6,858 3.36%
    VA 31 $7,745,000 $249,839 $4,351 2.82%
    USDA 11 $2,215,000 $201,364 $4,919 2.65%
    HELOC 2 $450,000 $225,000 n/a 4.00%

    For 2021, Home Federal Bank's most frequently originated type of loan was Conventional, with 493 originations. Their 2nd most popular type was FHA, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 401 $84,535,000 $210,810 $5,218 3.31%
    Refi 221 $66,375,000 $300,339 $2,609 3.15%
    Cash Out Refi 86 $19,300,000 $224,419 $2,819 2.99%
    Home Improvement 2 $170,000 $85,000 $0 4.75%
    Other 1 $275,000 $275,000 $2,074 2.88%

    For 2021, Home Federal Bank's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Refi, with 221 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 482 $113,080,000 $234,606 $4,577 3.10%
    15 Year 82 $17,610,000 $214,756 $2,506 2.51%
    5 Year 73 $19,075,000 $261,301 $0 4.36%
    Other 38 $13,890,000 $365,526 $2,647 4.03%
    10 Year 16 $4,010,000 $250,625 $2,432 2.96%
    20 Year 12 $1,890,000 $157,500 $2,326 3.16%
    1 Year 7 $915,000 $130,714 $0 4.32%
    3 Year 1 $185,000 $185,000 $0 4.50%

    For 2021, Home Federal Bank's most frequently cited loan duration was 30 Year, with 482 originations. The 2nd most popular length was 15 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 416 $102,710,000 $246,899
    $2k-3k 80 $14,170,000 $177,125
    $1k-2k 73 $13,745,000 $188,288
    $3k-4k 20 $4,520,000 $226,000
    $4k-5k 1 $225,000 $225,000

    Home Federal Bank's average total fees were $4,577, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 416 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 247 $58,205,000 $235,648
    2.5-3% 234 $59,110,000 $252,607
    <2.5% 122 $30,070,000 $246,475
    4-5% 107 $23,225,000 $217,056
    5-6% 1 $45,000 $45,000

    During 2021, Home Federal Bank's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 247 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 298 $44,320,000 $148,725 $4,598 3.28%
    $200k-400k 236 $64,500,000 $273,305 $4,128 2.98%
    $100,000 or less 98 $7,270,000 $74,184 $2,861 3.72%
    $400k-600k 59 $28,815,000 $488,390 $3,752 2.94%
    $1MM+ 13 $20,715,000 $1,593,462 $7,536 3.74%
    $600k-1MM 7 $5,035,000 $719,286 $4,551 3.46%

    2021 saw Home Federal Bank place emphasis on $100k-200k loans with 298 originations, totaling $44,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 154 $21,350,000 $138,636 $5,104 3.18%
    $50k-75k 136 $23,820,000 $175,147 $4,879 3.05%
    $100k-150k 101 $27,055,000 $267,871 $3,244 2.84%
    $75k-100k 84 $18,540,000 $220,714 $3,741 3.11%
    $150k-250k 73 $24,905,000 $341,164 $3,286 2.86%
    $250k+ 50 $21,010,000 $420,200 $3,664 3.10%

    Home Federal Bank lent most frequently to those with incomes in the $50k or less range, with 154 originations. The second most popular income band? $50k-75k, with 136 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 117 $27,825,000 $237,821 $3,326 2.88%
    30-36% 97 $22,205,000 $228,918 $3,500 3.03%
    <20% 71 $20,155,000 $283,873 $2,919 2.82%
    50-60% 51 $8,655,000 $169,706 $6,588 3.38%
    40% 36 $9,010,000 $250,278 $5,214 3.10%
    38% 24 $5,820,000 $242,500 $4,271 3.07%
    44% 22 $5,210,000 $236,818 $3,660 2.88%
    42% 20 $4,570,000 $228,500 $4,843 3.21%
    43% 19 $4,155,000 $218,684 $4,468 2.95%
    39% 17 $3,335,000 $196,176 $4,422 2.95%
    36% 16 $3,100,000 $193,750 $4,757 3.14%
    49% 16 $3,320,000 $207,500 $5,597 3.20%
    41% 16 $3,050,000 $190,625 $5,027 3.04%
    37% 14 $2,970,000 $212,143 $3,720 2.85%
    46% 13 $2,955,000 $227,308 $4,792 3.11%
    45% 13 $2,615,000 $201,154 $5,491 2.99%
    48% 12 $3,090,000 $257,500 $6,406 3.08%
    47% 8 $1,750,000 $218,750 $5,059 3.06%
    >60% 2 $500,000 $250,000 $8,347 3.06%

    Home Federal Bank lent most frequently to those with DTI ratios of 20-30%, with 117 originations. The next most common DTI ratio? 30-36%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 368 $94,620,000 $257,120 $3,101 2.91%
    Black 201 $34,935,000 $173,806 $6,281 3.31%
    Not applicable 107 $32,895,000 $307,430 $0 4.30%
    Not provided 28 $6,200,000 $221,429 $3,215 2.82%
    Asian 6 $1,660,000 $276,667 $3,017 2.35%
    Asian Indian 1 $345,000 $345,000 $6,034 2.38%

    Approval Rates

    Total approvals of all applications
    95.08%

    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
    93.95%

    Home Federal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 711 $170,655,000 $240,021

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    711 $170,655,000 $240,021

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $4,910,000 $188,846 $2,340 3.34%
    40-60% 66 $17,160,000 $260,000 $2,628 2.87%
    60-80% 217 $54,655,000 $251,866 $2,875 3.15%
    80-100% 351 $73,925,000 $210,613 $5,256 3.19%
    Over 100% 42 $18,740,000 $446,190 $6,883 4.22%
    Under 20% 8 $510,000 $63,750 $822 3.66%

    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 $58,061
    Home Federal Bank 5841 North Market Street Shreveport, LA 71107 Full Service B&M $36,853
    Home Federal Bank 624 Market Street Shreveport, LA 71101 Full Service B&M $99,972
    Home Federal Bank 6363 Youree Drive Shreveport, LA 71105 Full Service B&M $155,617
    Home Federal Bank 7964 E. Texas St Bossier City, LA 71111 Full Service B&M $41,664
    Home Federal Bank 925 Pierremont Road Shreveport, LA 71106 Full Service B&M $40,443
    Home Federal Bank 9449 Mansfield Rd, Suite 101 Shreveport, LA 71118 Full Service B&M $74,863

    For 2021, Home Federal Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,341
    Net interest income $16,948
    Total noninterest income $4,290
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $531
    Trading account gains and fees $0
    Additional Noninterest Income $3,759
    Pre-tax net operating income $7,040
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,569
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,569
    Minority interest net income $0
    Net income $5,569
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,569

    Home Federal Bank's gross interest income from loans was $19,341,000.
    Home Federal Bank's net interest income from loans was $16,948,000.
    Home Federal Bank's fee based income from loans was $531,000.
    Home Federal Bank's net income from loans was $5,569,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,393
    Provision for credit losses $561
    Total noninterest expense $13,637
    Salaries and employee benefits $8,473
    Premises and equipment expense $1,707
    Additional noninterest expense $3,457
    Applicable income taxes $1,471
    Net charge-offs $167
    Cash dividends $3,000

    Home Federal Bank's interest expense for loans was $2,393,000.
    Home Federal Bank's payroll and benefits expense were $8,473,000.
    Home Federal Bank's property, plant and equipment expenses $1,707,000.

    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 $512,670
    Deposits held in domestic offices $512,670
    Deposits by Individuals, partnerships, and corporations $479,986
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,684
    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 $198,539
    Demand deposits $1,774
    Nontransaction accounts $314,131
    Money market deposit accounts (MMDAs) $90,572
    Other savings deposits (excluding MMDAs) $133,175
    Total time deposits $90,384
    Total time and savings deposits $510,896
    Noninterest-bearing deposits $142,497
    Interest-bearing deposits $370,173
    Retail deposits $481,486
    IRAs and Keogh plan accounts $11,708
    Brokered deposits $6,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $571,636
    Cash & Balances due from depository institutions $45,399
    Interest-bearing balances $34,026
    Total securities $97,994
    Federal funds sold & reverse repurchase $29,000
    Net loans and leases $371,112
    Loan and leases loss allowance $4,184
    Trading account assets $0
    Bank premises and fixed assets $15,985
    Other real estate owned $375
    Goodwill and other intangibles $0
    All other assets $11,771

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $571,636
    Total Liabilities $515,986
    Total deposits $512,670
    Interest-bearing deposits $370,173
    Deposits held in domestic offices $512,670
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $850
    Subordinated debt $0
    All other liabilities $2,466

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $371,112
    Loan and leases loss allowance $4,184
    Total loans and leases (domestic) $375,296
    All real estate loans $314,809
    Real estate loans in domestic offices $314,809
    Construction and development loans $32,741
    Residential 1-4 family construction $5,449
    Other construction, all land development and other land $27,292
    Loans secured by nonfarm nonresidential properties $120,586
    Nonfarm nonresidential secured by owner-occupied properties $68,437
    Commercial real estate & other non-farm, non-residential $52,149
    Multifamily residential real estate $27,593
    1-4 family residential loans $132,888
    Farmland loans $1,001
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $56,446
    To non-U.S. addressees $0
    Loans to individuals $801
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6
    Other loans to individuals $795
    All other loans & leases $3,528
    Loans to foreign governments and official institutions $0
    Other loans $131
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,445
    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 $371,112,000 of loans outstanding in 2021. $314,809,000 of loans were in real estate loans. $32,741,000 of loans were in development loans. $27,593,000 of loans were in multifamily mortgage loans. $132,888,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,000 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 189 $48,400 $256,085
    Nonfarm, nonresidential loans - <$100k 28 $1,203 $42,964
    Nonfarm, nonresidential loans - $100-250k 69 $8,876 $128,638
    Nonfarm, nonresidential loans - $250k-1MM 92 $38,321 $416,533
    Commercial & Industrial, US addressed loans - <$1MM 399 $41,897 $105,005
    Commercial & Industrial, US addressed loans - <$100k 224 $6,046 $26,991
    Commercial & Industrial, US addressed loans - $100-250k 101 $11,122 $110,119
    Commercial & Industrial, US addressed loans - $250k-1MM 74 $24,729 $334,176
    Farmland loans - <$1MM 4 $1,001 $250,250
    Farmland loans - $100-250k 2 $237 $118,500
    Farmland loans - $250k-1MM 2 $764 $382,000