Home Loan Investment Bank F.s.b. Mortgage Rates, Fees & Info

Warwick, RI

LEI: 549300LLQD0X2OTG0Y27

Tax ID: 05-0283864

5 stars - Updated: 4/14/24 - out of 5 stars, based on 27 reviews

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

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Mortgage Data

Review & Overview

Home Loan Investment Bank F.s.b. is a smaller bank specializing in Home Purchase loans. They have an average proportion of FHA loans. Home Loan Investment Bank F.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, Manchester, Worcester, and Hartford among others. We have data for 162 markets. (Some data included below & more in-depth data is available with an active subscription.)

Home Loan Investment Bank F.s.b. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Home Loan Investment Bank F.s.b. 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 relatively high 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 6.70% 4/14/24
30 Year Conventional Refi 6.79% 4/14/24
30 Year Cash-out Refi 6.99% 4/14/24
30 Year FHA Purchase 7.25% 4/14/24
30 Year FHA Refi 7.21% 4/14/24
30 Year VA Purchase 6.17% 4/14/24
15 Year Conventional Purchase 6.36% 4/14/24
15 Year Conventional Refi 6.10% 4/14/24
15 Year Cash-out Refi 6.10% 4/14/24
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 Loan Investment Bank F.s.b. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Home Loan Investment Bank F.s.b.. 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

717

Origination Dollar Volume (All Markets)

$108,085,000

Awards

Home Loan Investment Bank F.S.B. FHA Loans gold Home Loan Investment Bank F.S.B. FHA Loans gold
Show all (2) awards

Relative Rate

Home Loan Investment Bank F.s.b.'s average 30 year fixed mortgage rate was 7.04%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.56%.

Relative Fees (Closing Costs)

Home Loan Investment Bank F.s.b.'s average total fees/closing costs for a 30 year fixed rate mortgage were $6,458.

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 $9,089.

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 196 $52,020,000 $265,408 $4,736 7.16%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 68 $23,200,000 $341,176 $5,866 7.19%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 12 $4,850,000 $404,167 $4,519 7.32%
Outside of Metro Areas 37 $3,545,000 $95,811 $2,057 8.48%
WORCESTER, MA-CT (FHA|USDA|VA) 16 $2,490,000 $155,625 $3,148 8.15%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $1,665,000 $237,857 $4,135 6.69%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 12 $1,520,000 $126,667 $1,923 7.22%
Lebanon, NH-VT (FHA|USDA|VA) 3 $1,515,000 $505,000 $7,519 6.96%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,829 6.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 11 $975,000 $88,636 $2,020 8.60%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $930,000 $465,000 $9,658 6.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $825,000 $275,000 $4,147 8.15%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $805,000 $805,000 $6,260 6.63%
SALEM, OR (FHA|USDA|VA) 1 $675,000 $675,000 $5,731 6.63%
Concord, NH (FHA|USDA|VA) 3 $585,000 $195,000 $3,789 7.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $560,000 $70,000 $1,548 8.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $550,000 $34,375 $1,272 8.49%
KANSAS CITY, MO-KS (FHA|USDA|VA) 18 $540,000 $30,000 $1,085 8.00%
Torrington, CT (FHA|USDA|VA) 1 $485,000 $485,000 $5,553 7.38%
SALISBURY, MD-DE (FHA|USDA|VA) 18 $470,000 $26,111 $1,414 8.69%
BANGOR, ME (FHA|USDA|VA) 2 $450,000 $225,000 $5,532 7.87%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $355,000 $39,444 $1,867 9.67%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $345,000 $69,000 $2,240 9.28%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $345,000 $345,000 $12,067 7.25%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $315,000 $315,000 $5,358 7.13%
DOVER, DE (FHA|USDA|VA) 13 $315,000 $24,231 $1,223 8.35%
Laconia, NH (FHA|USDA|VA) 3 $295,000 $98,333 $2,323 8.31%
SPRINGFIELD, MA (FHA|USDA|VA) 10 $280,000 $28,000 $906 8.97%
LAFAYETTE, LA (FHA|USDA|VA) 9 $225,000 $25,000 $1,517 8.43%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $4,008 6.99%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 4 $160,000 $40,000 $1,233 9.67%
MOBILE, AL (FHA|USDA|VA) 1 $155,000 $155,000 $3,532 6.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $150,000 $25,000 $1,353 8.48%
COLUMBUS, OH (FHA|USDA|VA) 6 $150,000 $25,000 $1,199 7.55%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $145,000 $145,000 $545 9.49%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $125,000 $25,000 $1,506 9.07%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $125,000 $25,000 $1,504 9.67%
TULSA, OK (FHA|USDA|VA) 5 $125,000 $25,000 $1,132 7.24%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $105,000 $35,000 $824 8.06%
TOLEDO, OH (FHA|USDA|VA) 5 $105,000 $21,000 $1,371 9.87%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $100,000 $25,000 $1,512 8.35%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $100,000 $25,000 $1,532 9.18%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $100,000 $25,000 $1,032 7.43%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $100,000 $25,000 $1,522 8.24%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $100,000 $25,000 $1,532 8.85%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $95,000 $95,000 $545 7.99%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $75,000 $25,000 $1,182 7.13%
SPRINGFIELD, IL (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 7.15%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 10.58%
BATON ROUGE, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 7.90%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 8.72%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 8.67%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $75,000 $25,000 $1,464 8.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $65,000 $21,667 $1,060 8.58%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $65,000 $21,667 $865 8.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $65,000 $21,667 $1,442 10.15%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $65,000 $21,667 $715 5.98%
Silver City, NM (FHA|USDA|VA) 1 $65,000 $65,000 $5,026 6.00%
Lumberton, NC (FHA|USDA|VA) 3 $55,000 $18,333 $1,312 9.50%
OCALA, FL (FHA|USDA|VA) 3 $55,000 $18,333 $1,248 9.98%
PUEBLO, CO (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 10.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $50,000 $25,000 $1,433 8.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 10.23%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,446 8.45%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 7.73%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $50,000 $25,000 $759 9.22%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 9.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 9.60%
LIMA, OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,510 9.60%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $50,000 $25,000 $1,526 10.25%
Opelousas, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,385 7.38%
PITTSBURGH, PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 8.73%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 9.73%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 11.35%
Warrensburg, MO (FHA|USDA|VA) 2 $50,000 $25,000 $539 7.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 10.10%
GLENS FALLS, NY (FHA|USDA|VA) 2 $40,000 $20,000 $1,362 9.10%
COLUMBIA, SC (FHA|USDA|VA) 2 $40,000 $20,000 $1,356 10.75%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $40,000 $20,000 $1,423 7.88%
Cambridge, MD (FHA|USDA|VA) 2 $40,000 $20,000 $794 8.25%
GREENVILLE, NC (FHA|USDA|VA) 2 $40,000 $20,000 $1,253 11.10%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $40,000 $20,000 $1,264 8.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $40,000 $20,000 $1,336 8.60%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $35,000 $35,000 $1,095 6.99%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $30,000 $15,000 $1,232 8.73%
NILES, MI (FHA|USDA|VA) 2 $30,000 $15,000 $1,159 8.60%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,389 11.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.95%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.95%
Huntingdon, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 12.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,433 9.25%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
LOUISVILLE, KY (FHA|USDA|VA) 1 $25,000 $25,000 $545 7.49%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.25%
Martinsville, VA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.95%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 12.25%
HAMMOND, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.25%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.95%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.95%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Sandusky, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.95%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
Shawnee, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.25%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.95%
CARSON CITY, NV (FHA|USDA|VA) 1 $25,000 $25,000 $1,474 10.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $25,000 $25,000 $1,393 11.25%
Brainerd, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
Urbana, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
Van Wert, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,515 11.25%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 11.95%
JACKSON, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $25,000 $25,000 $532 5.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $532 5.95%
Lake City, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 12.25%
Laramie, WY (FHA|USDA|VA) 1 $25,000 $25,000 $532 6.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $25,000 $25,000 $532 7.25%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $25,000 $25,000 $532 7.25%
PEORIA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 12.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.95%
PINE BLUFF, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.95%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
Plymouth, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.95%
Easton, MD (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
Pottsville, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.95%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.25%
AKRON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 10.95%
DECATUR, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
ROCKFORD, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 11.25%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $25,000 $25,000 $532 6.25%
Roseburg, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,443 7.95%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $15,000 $15,000 $532 5.95%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $15,000 $15,000 $1,270 8.25%
Albemarle, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,029 8.95%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $15,000 $15,000 $1,086 6.95%
Greenwood, SC (FHA|USDA|VA) 1 $15,000 $15,000 $1,138 9.95%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $15,000 $15,000 $997 10.25%
Fernley, NV (FHA|USDA|VA) 1 $15,000 $15,000 $532 6.25%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $15,000 $15,000 $1,190 9.50%
New Castle, PA (FHA|USDA|VA) 1 $15,000 $15,000 $1,330 9.95%
Gloversville, NY (FHA|USDA|VA) 1 $15,000 $15,000 $1,076 10.25%
Lewisburg, TN (FHA|USDA|VA) 1 $15,000 $15,000 $532 6.25%
Sidney, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,185 7.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $15,000 $15,000 $1,063 7.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $15,000 $15,000 $1,017 10.25%
Waycross, GA (FHA|USDA|VA) 1 $15,000 $15,000 $1,057 9.95%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,066 12.25%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $15,000 $15,000 $532 6.95%
Dublin, GA (FHA|USDA|VA) 1 $15,000 $15,000 $1,224 7.25%
LANCASTER, PA (FHA|USDA|VA) 1 $5,000 $5,000 $906 11.25%
Wapakoneta, OH (FHA|USDA|VA) 1 $5,000 $5,000 $893 8.95%
Home Loan Investment Bank F.s.b.'s top markets include Providence, Boston, Manchester, Worcester, and Hartford among others.

Their top states include:
  • Rhode Island (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    RTN FEDERAL CREDIT UNION
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    OCEAN STATE CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 442 $27,470,000 $62,149 $2,523 8.56%
    Conventional 271 $78,335,000 $289,059 $3,717 7.17%
    VA 4 $2,280,000 $570,000 $9,045 6.37%

    For 2023, Home Loan Investment Bank F.s.b.'s most frequently originated type of loan was FHA, with 442 originations. Their 2nd most popular type was Conventional, with 271 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 398 $9,240,000 $23,216 $1,319 8.77%
    Home Purchase 204 $86,280,000 $422,941 $7,129 6.81%
    Other 80 $7,000,000 $87,500 $545 7.79%
    Cash Out Refi 26 $3,960,000 $152,308 $3,456 7.13%
    Refi 9 $1,605,000 $178,333 $4,829 6.68%

    For 2023, Home Loan Investment Bank F.s.b.'s most frequently cited loan purpose was Home Improvement, with 398 originations. The 2nd most popular reason was Home Purchase, with 204 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 242 $91,120,000 $376,529 $6,458 7.04%
    20 Year 176 $5,320,000 $30,227 $1,272 9.28%
    15 Year 158 $7,850,000 $49,684 $1,253 8.37%
    10 Year 70 $2,100,000 $30,000 $1,269 8.23%
    5 Year 40 $1,000,000 $25,000 $1,045 7.13%
    Other 24 $540,000 $22,500 $1,266 7.59%
    3 Year 7 $155,000 $22,143 $1,446 6.85%

    For 2023, Home Loan Investment Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 242 originations. The 2nd most popular length was 20 Year, with 176 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 339 $51,585,000 $152,168
    $<1k 218 $10,890,000 $49,954
    $2k-3k 49 $18,075,000 $368,878
    $3k-4k 26 $10,220,000 $393,077
    $5k+ 21 $10,565,000 $503,095
    $4k-5k 14 $5,600,000 $400,000

    Home Loan Investment Bank F.s.b.'s average total fees were $6,458, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 339 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 280 $9,020,000 $32,214
    6-7% 211 $57,475,000 $272,393
    7-8% 175 $32,425,000 $185,286
    5-6% 47 $9,065,000 $192,872
    4-5% 3 $75,000 $25,000

    During 2023, Home Loan Investment Bank F.s.b.'s average interest rate for loans was 7.04%, while their most frequently originated rate bucket for loans was Over 8%, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 472 $13,660,000 $28,941 $1,236 8.59%
    $200k-400k 115 $35,325,000 $307,174 $6,701 6.89%
    $100k-200k 49 $7,225,000 $147,449 $2,721 7.25%
    $400k-600k 46 $22,160,000 $481,739 $8,506 6.80%
    $600k-1MM 29 $20,275,000 $699,138 $7,424 6.71%
    $1MM+ 6 $9,440,000 $1,573,333 $10,376 6.39%

    2023 saw Home Loan Investment Bank F.s.b. place emphasis on $100,000 or less loans with 472 originations, totaling $13,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 205 $25,005,000 $121,976 $3,082 8.26%
    $150k-250k 178 $34,350,000 $192,978 $3,299 7.85%
    $75k-100k 136 $16,050,000 $118,015 $2,893 7.99%
    $50k-75k 113 $9,175,000 $81,195 $2,231 8.22%
    $250k+ 54 $21,760,000 $402,963 $4,155 7.13%
    $50k or less 30 $1,590,000 $53,000 $2,190 8.42%

    Home Loan Investment Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 205 originations. The second most popular income band? $150k-250k, with 178 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $9,395,000 $78,950 $1,786 7.79%
    30-36% 118 $15,370,000 $130,254 $2,303 7.84%
    44% 93 $7,925,000 $85,215 $2,288 8.96%
    43% 49 $6,805,000 $138,878 $2,577 8.60%
    41% 40 $5,180,000 $129,500 $2,460 8.41%
    37% 36 $4,510,000 $125,278 $2,272 7.73%
    39% 36 $4,550,000 $126,389 $2,137 8.45%
    36% 32 $2,570,000 $80,313 $1,632 8.06%
    40% 28 $7,330,000 $261,786 $3,994 8.66%
    42% 28 $2,530,000 $90,357 $1,634 8.69%
    <20% 24 $5,280,000 $220,000 $3,162 6.88%
    38% 24 $5,620,000 $234,167 $3,872 7.70%
    45% 22 $5,820,000 $264,545 $5,624 7.62%
    50-60% 21 $8,835,000 $420,714 $12,570 6.65%
    46% 16 $5,380,000 $336,250 $7,341 6.90%
    49% 15 $5,765,000 $384,333 $7,119 6.80%
    47% 10 $3,000,000 $300,000 $5,116 6.84%
    48% 5 $2,195,000 $439,000 $6,727 6.92%

    Home Loan Investment Bank F.s.b. lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 575 $95,525,000 $166,130 $3,098 7.89%
    Black 37 $5,275,000 $142,568 $4,036 8.83%
    Not provided 93 $4,305,000 $46,290 $1,792 8.55%
    Asian 10 $2,890,000 $289,000 $5,974 7.67%
    American Indian 2 $90,000 $45,000 $1,034 8.87%

    Approval Rates

    Total approvals of all applications
    72.05%

    Home Loan Investment Bank F.s.b. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    19.94%

    Home Loan Investment Bank F.s.b. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 717 $108,085,000 $150,746

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    717 $108,085,000 $150,746

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $5,495,000 $148,514 $2,103 7.44%
    40-60% 17 $4,525,000 $266,176 $4,196 6.76%
    60-80% 57 $23,965,000 $420,439 $6,439 6.80%
    80-100% 132 $58,820,000 $445,606 $8,033 6.82%
    Under 20% 79 $6,195,000 $78,418 $712 7.67%