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

Warwick, RI

LEI: 549300LLQD0X2OTG0Y27

Tax ID: 05-0283864

4.8 stars - out of 5 stars, based on 38 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Home Loan Investment Bank F.s.b. is a smaller bank specializing in Home Purchase and Refi loans. Home Loan Investment Bank F.s.b. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Providence, Boston, New York, Manchester, and Worcester among others. We have data for 228 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 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 6.64% 3/19/23
    30 Year Conventional Refi 6.60% 3/19/23
    30 Year Cash-out Refi 6.76% 3/19/23
    30 Year FHA Purchase 7.17% 3/19/23
    30 Year FHA Refi 6.85% 3/19/23
    30 Year VA Purchase 6.23% 3/19/23
    30 Year VA Refi 5.99% 3/19/23
    15 Year Conventional Purchase 6.09% 3/19/23
    15 Year Conventional Refi 6.20% 3/19/23
    15 Year Cash-out Refi 6.20% 3/19/23
    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

    1,458

    Origination Dollar Volume (All Markets)

    $282,220,000

    Employee count

    100

    Awards

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

    Relative Rate

    Home Loan Investment Bank F.s.b.'s average 30 year fixed mortgage rate was 3.1%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.05%.

    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 $5,138.

    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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 522 $147,930,000 $283,391 $4,433 3.38%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 221 $73,355,000 $331,923 $5,446 3.19%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 43 $12,195,000 $283,605 $4,474 4.11%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 34 $9,610,000 $282,647 $3,631 3.66%
    WORCESTER, MA-CT (FHA|USDA|VA) 23 $3,835,000 $166,739 $3,746 4.34%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,930,000 $482,500 $8,025 2.88%
    Outside of Metro Areas 40 $1,890,000 $47,250 $1,697 6.63%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 18 $1,780,000 $98,889 $2,060 5.86%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,660,000 $276,667 $3,530 3.89%
    Concord, NH (FHA|USDA|VA) 7 $1,485,000 $212,143 $3,212 3.70%
    Lebanon, NH-VT (FHA|USDA|VA) 6 $1,410,000 $235,000 $3,575 3.24%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $1,005,000 $201,000 $3,959 3.70%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $970,000 $80,833 $2,027 5.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $955,000 $136,429 $2,790 4.79%
    Laconia, NH (FHA|USDA|VA) 4 $930,000 $232,500 $4,077 3.44%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $905,000 $301,667 $3,155 4.73%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 7 $795,000 $113,571 $2,587 5.45%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $790,000 $197,500 $2,481 3.74%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $765,000 $255,000 $3,214 2.92%
    SPRINGFIELD, MA (FHA|USDA|VA) 5 $755,000 $151,000 $4,255 4.83%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $750,000 $62,500 $1,740 6.48%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 26 $610,000 $23,462 $1,360 6.29%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $580,000 $24,167 $1,392 6.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $550,000 $55,000 $1,488 6.55%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $535,000 $76,429 $2,073 7.09%
    Keene, NH (FHA|USDA|VA) 1 $525,000 $525,000 $6,095 3.63%
    WILMINGTON, NC (FHA|USDA|VA) 2 $470,000 $235,000 $3,070 5.10%
    Morehead City, NC (FHA|USDA|VA) 1 $465,000 $465,000 $4,630 3.50%
    Barre, VT (FHA|USDA|VA) 2 $460,000 $230,000 $3,003 2.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $435,000 $62,143 $1,895 6.60%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,783 5.25%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $395,000 $395,000 $7,049 3.63%
    DOVER, DE (FHA|USDA|VA) 16 $390,000 $24,375 $1,465 6.91%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $385,000 $42,778 $1,638 6.88%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 7 $385,000 $55,000 $1,786 5.79%
    SALISBURY, MD-DE (FHA|USDA|VA) 14 $350,000 $25,000 $1,461 7.41%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $350,000 $175,000 $3,343 4.48%
    TULSA, OK (FHA|USDA|VA) 14 $330,000 $23,571 $1,445 6.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $325,000 $325,000 $3,641 2.75%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $325,000 $108,333 $3,888 5.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 13 $305,000 $23,462 $1,392 6.67%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,894 3.63%
    Berlin, NH (FHA|USDA|VA) 1 $255,000 $255,000 $7,691 2.63%
    Marion, IN (FHA|USDA|VA) 2 $240,000 $120,000 $2,855 2.50%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $180,000 $45,000 $2,006 5.63%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $175,000 $25,000 $1,507 5.98%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $175,000 $25,000 $1,514 7.01%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $170,000 $21,250 $1,333 6.79%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $155,000 $22,143 $1,426 7.29%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $145,000 $48,333 $2,188 5.21%
    COLUMBUS, OH (FHA|USDA|VA) 5 $105,000 $21,000 $1,405 7.65%
    LAFAYETTE, LA (FHA|USDA|VA) 5 $105,000 $21,000 $1,182 6.77%
    YAKIMA, WA (FHA|USDA|VA) 4 $100,000 $25,000 $1,532 6.99%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $95,000 $95,000 $3,407 2.75%
    PITTSBURGH, PA (FHA|USDA|VA) 4 $90,000 $22,500 $1,206 5.53%
    LAKE CHARLES, LA (FHA|USDA|VA) 4 $90,000 $22,500 $1,456 6.80%
    BANGOR, ME (FHA|USDA|VA) 1 $85,000 $85,000 $5,619 2.88%
    TOLEDO, OH (FHA|USDA|VA) 4 $80,000 $20,000 $1,370 6.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $80,000 $20,000 $1,340 6.41%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $75,000 $25,000 $1,485 5.80%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 6.05%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $75,000 $25,000 $1,524 6.65%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $75,000 $25,000 $1,190 6.97%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $75,000 $25,000 $1,509 6.75%
    KOKOMO, IN (FHA|USDA|VA) 3 $75,000 $25,000 $865 5.28%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $75,000 $25,000 $1,485 6.98%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 6.57%
    Charleston-Mattoon, IL (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 7.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 6.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $70,000 $17,500 $1,301 6.16%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $65,000 $21,667 $1,056 5.80%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $65,000 $21,667 $1,352 6.32%
    MOBILE, AL (FHA|USDA|VA) 3 $65,000 $21,667 $1,418 7.82%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $65,000 $21,667 $1,356 6.23%
    Hobbs, NM (FHA|USDA|VA) 3 $55,000 $18,333 $1,006 5.65%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $55,000 $18,333 $1,263 8.15%
    APPLETON, WI (FHA|USDA|VA) 2 $50,000 $25,000 $1,506 6.23%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $50,000 $25,000 $1,513 7.48%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,465 5.95%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.38%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.20%
    Palatka, FL (FHA|USDA|VA) 2 $50,000 $25,000 $1,504 8.70%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.50%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 5.73%
    GREELEY, CO (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 5.73%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 5.38%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 6.45%
    Wilson, NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,471 7.50%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $50,000 $25,000 $1,392 6.73%
    MUNCIE, IN (FHA|USDA|VA) 3 $45,000 $15,000 $1,106 7.83%
    Rutland, VT (FHA|USDA|VA) 1 $45,000 $45,000 $2,077 6.50%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $40,000 $20,000 $1,382 5.23%
    WICHITA, KS (FHA|USDA|VA) 2 $40,000 $20,000 $896 6.70%
    TUCSON, AZ (FHA|USDA|VA) 2 $40,000 $20,000 $970 5.25%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $40,000 $20,000 $1,302 7.10%
    COLUMBIA, SC (FHA|USDA|VA) 2 $40,000 $20,000 $1,349 6.48%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $40,000 $20,000 $1,371 6.10%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $40,000 $20,000 $1,339 6.50%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $40,000 $20,000 $1,337 6.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $40,000 $20,000 $1,180 7.48%
    Forest City, NC (FHA|USDA|VA) 2 $40,000 $20,000 $1,400 7.38%
    Show Low, AZ (FHA|USDA|VA) 2 $40,000 $20,000 $1,407 6.38%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $40,000 $20,000 $1,032 5.23%
    FOND DU LAC, WI (FHA|USDA|VA) 2 $40,000 $20,000 $981 5.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $30,000 $15,000 $1,075 8.45%
    Centralia, IL (FHA|USDA|VA) 2 $30,000 $15,000 $1,219 8.48%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $30,000 $15,000 $1,210 7.88%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.45%
    ANCHORAGE, AK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.45%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 8.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    BEND, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Cambridge, MD (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    Cañon City, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    CHEYENNE, WY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.45%
    CHICO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,518 6.50%
    Chillicothe, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    Coffeyville, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Cookeville, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,398 6.50%
    Decatur, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    DeRidder, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    Dodge City, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,414 8.45%
    Elizabeth City, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
    ERIE, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,479 6.25%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    Fairmont, WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    Frankfort, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,393 7.25%
    Fremont, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Gaffney, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,389 7.50%
    Galesburg, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Gallup, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Grand Rapids, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    GREEN BAY, WI (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,472 6.95%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    JACKSON, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.45%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    Kinston, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 4.95%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    LAWRENCE, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    LIMA, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,417 6.50%
    LONGVIEW, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,396 7.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    Marietta, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.95%
    Mayfield, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    McAlester, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    Mount Vernon, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    North Platte, NE (FHA|USDA|VA) 1 $25,000 $25,000 $1,382 7.25%
    Ottawa, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Palestine, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    Paragould, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    Pittsburg, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,447 5.95%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    READING, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
    Red Bluff, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    ROCHESTER, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,380 6.50%
    SALEM, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.45%
    Sanford, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.95%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Seneca, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    Sonora, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    SUMTER, SC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    Taylorville, IL (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.25%
    AKRON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    Tiffin, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
    Torrington, CT (FHA|USDA|VA) 1 $25,000 $25,000 $1,393 7.50%
    Tupelo, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    VALDOSTA, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,367 5.50%
    VICTORIA, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,344 6.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    WENATCHEE, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Whitewater, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Outside of Metro Areas 1 $25,000 $25,000 $1,532 7.50%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $20,000 $10,000 $1,009 7.23%
    Albertville, AL (FHA|USDA|VA) 1 $15,000 $15,000 $954 3.95%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $15,000 $15,000 $1,267 6.95%
    MEDFORD, OR (FHA|USDA|VA) 1 $15,000 $15,000 $1,270 6.50%
    MADISON, WI (FHA|USDA|VA) 1 $15,000 $15,000 $952 3.95%
    SAGINAW, MI (FHA|USDA|VA) 1 $15,000 $15,000 $972 8.50%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,146 6.95%
    Lumberton, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,267 5.95%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,082 8.50%
    FLORENCE, SC (FHA|USDA|VA) 1 $15,000 $15,000 $1,265 4.95%
    Richmond, IN (FHA|USDA|VA) 1 $15,000 $15,000 $1,206 8.00%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $15,000 $15,000 $1,182 7.50%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $15,000 $15,000 $1,115 7.50%
    Pottsville, PA (FHA|USDA|VA) 1 $15,000 $15,000 $1,101 7.95%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $15,000 $15,000 $974 7.95%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $15,000 $15,000 $977 5.95%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $15,000 $15,000 $1,300 5.95%
    CHARLESTON, WV (FHA|USDA|VA) 1 $15,000 $15,000 $1,185 4.95%
    NILES, MI (FHA|USDA|VA) 1 $15,000 $15,000 $1,097 4.50%
    Payson, AZ (FHA|USDA|VA) 1 $15,000 $15,000 $532 4.25%
    Sturgis, MI (FHA|USDA|VA) 1 $15,000 $15,000 $956 7.50%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,124 4.95%
    Owatonna, MN (FHA|USDA|VA) 1 $15,000 $15,000 $532 4.95%
    Scottsbluff, NE (FHA|USDA|VA) 1 $5,000 $5,000 $901 8.00%
    Greenwood, SC (FHA|USDA|VA) 1 $5,000 $5,000 $909 5.95%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $5,000 $5,000 $891 6.95%
    Home Loan Investment Bank F.s.b.'s top markets include Providence, Boston, New York, Manchester, and Worcester among others.

    Their top states include:
  • Rhode Island (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Connecticut (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.

    SOMERSET
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    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 725 $222,375,000 $306,724 $3,828 3.12%
    FHA 699 $46,015,000 $65,830 $2,889 6.24%
    VA 34 $13,830,000 $406,765 $6,478 2.60%

    For 2021, Home Loan Investment Bank F.s.b.'s most frequently originated type of loan was Conventional, with 725 originations. Their 2nd most popular type was FHA, with 699 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 601 $13,875,000 $23,087 $1,389 6.80%
    Home Purchase 403 $134,795,000 $334,479 $5,533 3.06%
    Refi 284 $80,460,000 $283,310 $4,523 2.97%
    Cash Out Refi 170 $53,090,000 $312,294 $3,915 3.24%

    For 2021, Home Loan Investment Bank F.s.b.'s most frequently cited loan purpose was Home Improvement, with 601 originations. The 2nd most popular reason was Home Purchase, with 403 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 724 $234,900,000 $324,448 $5,138 3.10%
    20 Year 354 $19,410,000 $54,831 $1,690 6.72%
    15 Year 179 $17,805,000 $99,469 $2,179 5.48%
    10 Year 81 $2,015,000 $24,877 $1,387 6.74%
    Other 78 $7,230,000 $92,692 $1,856 4.67%
    5 Year 25 $515,000 $20,600 $1,151 4.84%
    3 Year 17 $345,000 $20,294 $1,237 4.30%

    For 2021, Home Loan Investment Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 724 originations. The 2nd most popular length was 20 Year, with 354 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,136 $235,920,000 $207,676
    $<1k 202 $5,800,000 $28,713
    $2k-3k 73 $22,545,000 $308,836
    $3k-4k 25 $8,945,000 $357,800
    $4k-5k 15 $6,585,000 $439,000
    $5k+ 7 $2,425,000 $346,429

    Home Loan Investment Bank F.s.b.'s average total fees were $5,138, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,136 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 410 $124,590,000 $303,878
    2.5-3% 375 $116,255,000 $310,013
    6-7% 208 $5,030,000 $24,183
    Over 8% 127 $2,875,000 $22,638
    7-8% 122 $2,790,000 $22,869
    4-5% 86 $4,440,000 $51,628
    <2.5% 79 $25,155,000 $318,418
    5-6% 51 $1,085,000 $21,275

    During 2021, Home Loan Investment Bank F.s.b.'s average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 410 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 609 $14,595,000 $23,966 $1,422 6.74%
    $200k-400k 520 $152,820,000 $293,885 $4,565 3.08%
    $400k-600k 165 $77,905,000 $472,152 $6,800 3.00%
    $100k-200k 147 $24,015,000 $163,367 $3,487 3.10%
    $600k-1MM 16 $11,760,000 $735,000 $8,430 3.21%
    $1MM+ 1 $1,125,000 $1,125,000 $5,757 4.00%

    2021 saw Home Loan Investment Bank F.s.b. place emphasis on $100,000 or less loans with 609 originations, totaling $14,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 399 $79,695,000 $199,737 $3,845 4.69%
    $75k-100k 336 $60,100,000 $178,869 $3,288 4.72%
    $50k-75k 328 $49,400,000 $150,610 $3,188 4.76%
    $150k-250k 223 $53,315,000 $239,081 $3,300 4.40%
    $50k or less 95 $10,955,000 $115,316 $2,776 4.78%
    $250k+ 57 $21,855,000 $383,421 $4,081 3.69%

    Home Loan Investment Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 399 originations. The second most popular income band? $75k-100k, with 336 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 336 $55,820,000 $166,131 $2,841 4.91%
    20-30% 296 $52,620,000 $177,770 $2,761 4.44%
    37% 85 $10,785,000 $126,882 $2,521 5.63%
    44% 84 $12,860,000 $153,095 $2,774 5.73%
    <20% 82 $16,320,000 $199,024 $3,129 3.71%
    39% 63 $10,945,000 $173,730 $2,833 4.99%
    38% 62 $12,140,000 $195,806 $3,289 4.81%
    41% 57 $12,635,000 $221,667 $3,069 4.96%
    42% 54 $12,360,000 $228,889 $3,657 4.77%
    40% 54 $11,030,000 $204,259 $3,352 4.58%
    36% 50 $5,950,000 $119,000 $2,555 5.88%
    43% 48 $9,310,000 $193,958 $3,316 4.69%
    50-60% 33 $10,895,000 $330,152 $15,590 2.92%
    47% 28 $9,560,000 $341,429 $5,446 3.17%
    45% 28 $8,610,000 $307,500 $4,597 3.21%
    49% 27 $7,265,000 $269,074 $5,891 3.08%
    48% 26 $7,580,000 $291,538 $4,388 3.05%
    46% 23 $7,355,000 $319,783 $5,164 3.13%
    >60% 2 $1,280,000 $640,000 $15,518 2.75%

    Home Loan Investment Bank F.s.b. lent most frequently to those with DTI ratios of 30-36%, with 336 originations. The next most common DTI ratio? 20-30%, with 296 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,262 $258,200,000 $204,596 $3,526 4.42%
    Black 71 $10,315,000 $145,282 $3,152 5.83%
    Asian 28 $6,770,000 $241,786 $4,297 3.89%
    Not provided 83 $5,695,000 $68,614 $2,228 6.33%
    American Indian 13 $835,000 $64,231 $2,307 6.53%
    Native Hawaiian or Islander 1 $405,000 $405,000 $6,427 3.25%

    Approval Rates

    Total approvals of all applications
    77.28%

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

    Pick Rate

    Approvals leading to origination
    35.19%

    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 1,458 $282,220,000 $193,567

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,458 $282,220,000 $193,567

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $6,245,000 $178,429 $3,633 2.86%
    40-60% 158 $43,810,000 $277,278 $3,494 3.02%
    60-80% 336 $108,960,000 $324,286 $4,722 3.18%
    80-100% 307 $102,015,000 $332,296 $5,807 3.02%
    Over 100% 4 $1,720,000 $430,000 $14,004 2.78%
    Under 20% 3 $365,000 $121,667 $4,988 3.08%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Home Loan Center, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 81.8%
    Home Loan Center, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    Home Loan Center, Inc. Other type of mortgage Closing on a mortgage 1 9.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Loan Investment Bank, F.S.B. 1 Home Loan Plz, Ste 3 Warwick, RI 2886 Full Service B&M $0
    Home Loan Investment Bank, F.S.B. 40 Airport Road Warwick, RI 2889 Full Service B&M $314,454

    For 2021, Home Loan Investment Bank F.s.b. had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,296
    Net interest income $15,090
    Total noninterest income $18,132
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3
    Trading account gains and fees $0
    Additional Noninterest Income $18,129
    Pre-tax net operating income $15,256
    Securities gains (or losses, -) $0
    Income before extraordinary items $15,256
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,256
    Minority interest net income $0
    Net income $15,256
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,256

    Home Loan Investment Bank F.s.b.'s gross interest income from loans was $20,296,000.
    Home Loan Investment Bank F.s.b.'s net interest income from loans was $15,090,000.
    Home Loan Investment Bank F.s.b.'s fee based income from loans was $3,000.
    Home Loan Investment Bank F.s.b.'s net income from loans was $15,256,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,206
    Provision for credit losses $740
    Total noninterest expense $17,226
    Salaries and employee benefits $9,822
    Premises and equipment expense $831
    Additional noninterest expense $6,573
    Applicable income taxes $0
    Net charge-offs $1,150
    Cash dividends $14,576

    Home Loan Investment Bank F.s.b.'s interest expense for loans was $5,206,000.
    Home Loan Investment Bank F.s.b.'s payroll and benefits expense were $9,822,000.
    Home Loan Investment Bank F.s.b.'s property, plant and equipment expenses $831,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $298,822
    Deposits held in domestic offices $298,822
    Deposits by Individuals, partnerships, and corporations $269,849
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $28,973
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $26,319
    Demand deposits $26,319
    Nontransaction accounts $272,503
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $67,389
    Total time deposits $205,115
    Total time and savings deposits $272,503
    Noninterest-bearing deposits $12,888
    Interest-bearing deposits $285,934
    Retail deposits $239,719
    IRAs and Keogh plan accounts $29,127
    Brokered deposits $35,681
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $339,245
    Cash & Balances due from depository institutions $65,667
    Interest-bearing balances $65,384
    Total securities $808
    Federal funds sold & reverse repurchase $0
    Net loans and leases $256,683
    Loan and leases loss allowance $7,501
    Trading account assets $0
    Bank premises and fixed assets $5,787
    Other real estate owned $371
    Goodwill and other intangibles $4,617
    All other assets $5,312

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $339,245
    Total Liabilities $301,212
    Total deposits $298,822
    Interest-bearing deposits $285,934
    Deposits held in domestic offices $298,822
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,390

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $256,683
    Loan and leases loss allowance $7,501
    Total loans and leases (domestic) $264,184
    All real estate loans $176,374
    Real estate loans in domestic offices $176,374
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $69,937
    Nonfarm nonresidential secured by owner-occupied properties $66,792
    Commercial real estate & other non-farm, non-residential $3,145
    Multifamily residential real estate $187
    1-4 family residential loans $106,250
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $354
    Commercial and industrial loans $2,617
    To non-U.S. addressees $0
    Loans to individuals $84,839
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $57,835
    Other loans to individuals $27,004
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $7,582
    Non 1-4 family restructured loans & leases $1,936
    Total loans and leases (foreign) $0

    Home Loan Investment Bank F.S.B. had $256,683,000 of loans outstanding in 2021. $176,374,000 of loans were in real estate loans. $0 of loans were in development loans. $187,000 of loans were in multifamily mortgage loans. $106,250,000 of loans were in 1-4 family mortgage loans. $354,000 of loans were in farm loans. $0 of loans were in credit card loans. $57,835,000 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 184 $69,937 $380,092
    Nonfarm, nonresidential loans - <$100k 5 $45 $9,000
    Nonfarm, nonresidential loans - $100-250k 18 $794 $44,111
    Nonfarm, nonresidential loans - $250k-1MM 161 $69,098 $429,180
    Commercial & Industrial, US addressed loans - <$1MM 19 $2,617 $137,737
    Commercial & Industrial, US addressed loans - <$100k 14 $376 $26,857
    Commercial & Industrial, US addressed loans - $100-250k 4 $535 $133,750
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $1,706 $1,706,000
    Agriculture operations loans - <$1MM 1 $354 $354,000
    Agriculture operations loans - $250k-1MM 1 $354 $354,000