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

Warwick, RI

LEI: 549300LLQD0X2OTG0Y27

Tax ID: 05-0283864

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Home Loan Investment Bank F.s.b. is a smaller bank specializing in Refi and Home Purchase 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, Worcester, and Manchester among others. We have data for 248 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 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.

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% 11/21/24
30 Year Conventional Refi 6.79% 11/21/24
30 Year Cash-out Refi 6.99% 11/21/24
30 Year FHA Purchase 7.25% 11/21/24
30 Year FHA Refi 7.21% 11/21/24
30 Year VA Purchase 6.17% 11/21/24
15 Year Conventional Purchase 6.36% 11/21/24
15 Year Conventional Refi 6.10% 11/21/24
15 Year Cash-out Refi 6.10% 11/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Home 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

2,018

Origination Dollar Volume (All Markets)

$397,920,000

Employee count

104

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) 775 $214,185,000 $276,368 $3,901 3.40%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 331 $107,955,000 $326,148 $4,218 3.29%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 40 $12,820,000 $320,500 $4,391 3.79%
WORCESTER, MA-CT (FHA|USDA|VA) 44 $11,110,000 $252,500 $4,047 3.40%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 43 $10,685,000 $248,488 $3,499 3.24%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 10 $2,700,000 $270,000 $3,464 3.34%
Outside of Metro Areas 65 $2,195,000 $33,769 $1,470 6.59%
Concord, NH (FHA|USDA|VA) 8 $1,870,000 $233,750 $3,245 3.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $1,840,000 $153,333 $3,086 4.71%
Laconia, NH (FHA|USDA|VA) 7 $1,435,000 $205,000 $3,003 3.11%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $1,120,000 $186,667 $3,096 3.77%
SPRINGFIELD, MA (FHA|USDA|VA) 12 $1,050,000 $87,500 $2,444 5.64%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 36 $960,000 $26,667 $1,357 6.61%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 11 $955,000 $86,818 $2,124 6.17%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $895,000 $68,846 $1,499 6.43%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $875,000 $97,222 $2,111 5.39%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 27 $865,000 $32,037 $1,439 6.78%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $860,000 $430,000 $3,769 2.94%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $815,000 $271,667 $3,840 3.42%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $790,000 $197,500 $3,052 2.94%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $760,000 $63,333 $1,465 5.70%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $615,000 $123,000 $1,948 6.17%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $615,000 $205,000 $2,814 4.28%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $545,000 $109,000 $2,752 4.63%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $515,000 $73,571 $1,802 6.25%
Rutland, VT (FHA|USDA|VA) 1 $515,000 $515,000 $6,852 2.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $510,000 $85,000 $2,203 6.15%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $500,000 $50,000 $1,591 6.32%
ASHEVILLE, NC (FHA|USDA|VA) 2 $480,000 $240,000 $2,841 5.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 20 $460,000 $23,000 $1,333 6.22%
TULSA, OK (FHA|USDA|VA) 19 $445,000 $23,421 $1,284 6.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $445,000 $89,000 $1,965 6.79%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $430,000 $107,500 $2,107 5.39%
DOVER, DE (FHA|USDA|VA) 19 $425,000 $22,368 $1,426 7.53%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $405,000 $135,000 $4,848 4.90%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $400,000 $100,000 $2,344 4.56%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $400,000 $200,000 $2,397 6.06%
Lebanon, NH-VT (FHA|USDA|VA) 2 $400,000 $200,000 $3,376 2.88%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $395,000 $395,000 $2,726 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $375,000 $125,000 $2,141 6.15%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $360,000 $180,000 $2,148 5.31%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $345,000 $115,000 $1,743 4.38%
SALISBURY, MD-DE (FHA|USDA|VA) 13 $315,000 $24,231 $1,460 6.81%
Torrington, CT (FHA|USDA|VA) 2 $310,000 $155,000 $4,171 3.73%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,351 2.88%
Berlin, NH (FHA|USDA|VA) 3 $275,000 $91,667 $2,776 4.54%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $265,000 $53,000 $2,461 6.69%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $250,000 $25,000 $1,432 6.32%
SYRACUSE, NY (FHA|USDA|VA) 2 $240,000 $120,000 $3,579 3.63%
VALDOSTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,885 2.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $235,000 $235,000 $5,493 3.13%
PITTSBURGH, PA (FHA|USDA|VA) 6 $220,000 $36,667 $2,011 6.18%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $210,000 $52,500 $3,036 5.44%
OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $200,000 $25,000 $1,525 7.53%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $190,000 $23,750 $1,497 6.90%
St. Marys, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,707 2.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $180,000 $90,000 $2,525 3.85%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $175,000 $25,000 $1,532 7.06%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $165,000 $23,571 $1,431 7.24%
TOLEDO, OH (FHA|USDA|VA) 6 $150,000 $25,000 $1,492 6.89%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $150,000 $25,000 $1,525 7.50%
LANCASTER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,256 2.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $120,000 $20,000 $1,339 6.15%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $115,000 $23,000 $1,432 6.30%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $110,000 $55,000 $1,787 3.66%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $110,000 $18,333 $1,222 6.78%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $110,000 $18,333 $1,168 6.56%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $105,000 $21,000 $1,280 6.74%
COLUMBUS, OH (FHA|USDA|VA) 5 $105,000 $21,000 $988 4.86%
BATON ROUGE, LA (FHA|USDA|VA) 4 $100,000 $25,000 $1,532 6.48%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $100,000 $25,000 $1,492 7.11%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $100,000 $25,000 $1,443 6.66%
WICHITA, KS (FHA|USDA|VA) 5 $95,000 $19,000 $1,323 7.18%
SPARTANBURG, SC (FHA|USDA|VA) 4 $90,000 $22,500 $1,476 6.41%
FORT WAYNE, IN (FHA|USDA|VA) 4 $90,000 $22,500 $1,373 7.98%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $85,000 $17,000 $1,237 5.92%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $80,000 $20,000 $1,357 6.95%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 6 $80,000 $13,333 $976 7.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 5.98%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,473 5.80%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $75,000 $15,000 $1,102 6.46%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $75,000 $25,000 $1,152 6.47%
RACINE, WI (FHA|USDA|VA) 3 $75,000 $25,000 $1,469 8.15%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 6.83%
GREELEY, CO (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 7.08%
GREEN BAY, WI (FHA|USDA|VA) 3 $75,000 $25,000 $1,491 7.47%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 6.65%
TERRE HAUTE, IN (FHA|USDA|VA) 3 $75,000 $25,000 $1,523 6.42%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 6.57%
BEND, OR (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 5.47%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $75,000 $25,000 $1,193 6.38%
LAFAYETTE, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 5.90%
MORGANTOWN, WV (FHA|USDA|VA) 3 $65,000 $21,667 $1,372 5.57%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $65,000 $21,667 $1,302 6.80%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $65,000 $21,667 $1,410 6.65%
MADISON, WI (FHA|USDA|VA) 3 $65,000 $21,667 $1,378 6.23%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $65,000 $21,667 $1,084 6.32%
MANSFIELD, OH (FHA|USDA|VA) 3 $65,000 $21,667 $1,394 8.32%
Ottawa, IL (FHA|USDA|VA) 3 $55,000 $18,333 $1,384 7.95%
TUCSON, AZ (FHA|USDA|VA) 3 $55,000 $18,333 $1,271 6.65%
JACKSON, TN (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.48%
Camden, AR (FHA|USDA|VA) 2 $50,000 $25,000 $1,411 7.00%
Urbana, OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.50%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.38%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $50,000 $25,000 $1,462 6.50%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 6.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,503 7.13%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 6.95%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $50,000 $25,000 $1,441 5.73%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.48%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.73%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 6.23%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $50,000 $25,000 $1,032 5.73%
LONGVIEW, TX (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.73%
Outside of Metro Areas 2 $50,000 $25,000 $1,023 6.95%
READING, PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.50%
RICHMOND, VA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 8.38%
PITTSFIELD, MA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.75%
Albertville, AL (FHA|USDA|VA) 2 $50,000 $25,000 $1,516 7.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $50,000 $25,000 $1,461 6.50%
Ellensburg, WA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.73%
Bellefontaine, OH (FHA|USDA|VA) 3 $45,000 $15,000 $1,197 7.13%
GREENVILLE, NC (FHA|USDA|VA) 3 $45,000 $15,000 $1,043 7.78%
MONROE, LA (FHA|USDA|VA) 2 $40,000 $20,000 $1,304 6.23%
Minden, LA (FHA|USDA|VA) 2 $40,000 $20,000 $1,360 7.00%
APPLETON, WI (FHA|USDA|VA) 2 $40,000 $20,000 $1,391 8.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $40,000 $20,000 $1,233 8.00%
REDDING, CA (FHA|USDA|VA) 2 $40,000 $20,000 $1,032 4.38%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $40,000 $20,000 $1,422 6.73%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $40,000 $20,000 $1,313 7.50%
AKRON, OH (FHA|USDA|VA) 2 $30,000 $15,000 $1,202 7.38%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $30,000 $15,000 $1,138 8.48%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $30,000 $15,000 $1,232 6.23%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $30,000 $15,000 $1,222 8.23%
Lumberton, NC (FHA|USDA|VA) 2 $30,000 $15,000 $1,102 5.23%
Albemarle, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
Marietta, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
Maryville, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,386 8.50%
Mayfield, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,510 6.50%
Lincoln, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
LIMA, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,393 6.50%
Lexington, NE (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Lewisburg, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Minot, ND (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.50%
Clarksburg, WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
CHEYENNE, WY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
Sturgis, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,412 8.95%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 4.95%
Centralia, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,496 8.95%
Celina, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,480 8.95%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.95%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
CaƱon City, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
BECKLEY, WV (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
Bartlesville, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
VISALIA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
Warrensburg, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
Ardmore, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,421 7.25%
Angola, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
YUBA CITY, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
Mount Airy, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
Klamath Falls, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
Kinston, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,394 8.95%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
Kendallville, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $25,000 $25,000 $1,395 6.25%
Indiana, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
Hobbs, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.45%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $25,000 $25,000 $532 3.95%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Ottawa, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
Owatonna, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
Pella, IA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
PEORIA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
PINE BLUFF, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
Guymon, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
Great Bend, KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,499 6.25%
Pottsville, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
GOLDSBORO, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 5.95%
GETTYSBURG, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,473 8.95%
Fremont, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Fort Dodge, IA (FHA|USDA|VA) 1 $25,000 $25,000 $1,353 5.95%
Richmond-Berea, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
Forest City, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
FLINT, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
ROCKFORD, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Ruston, LA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
Fernley, NV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
FARMINGTON, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
Fairmont, WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
Sandusky, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.50%
Scottsboro, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.50%
Elko, NV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
Shawano, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,389 8.95%
Elizabeth City, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 4.95%
DuBois, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,485 9.00%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
DECATUR, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,484 7.25%
Cortland, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
ST. CLOUD, MN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
Elkins, WV (FHA|USDA|VA) 1 $15,000 $15,000 $1,198 6.95%
Findlay, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,310 9.50%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $15,000 $15,000 $1,183 9.00%
Wilson, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,074 3.95%
Paducah, KY-IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,283 7.45%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $15,000 $15,000 $1,291 6.50%
Hays, KS (FHA|USDA|VA) 1 $15,000 $15,000 $1,271 6.50%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $15,000 $15,000 $1,269 9.25%
UTICA-ROME, NY (FHA|USDA|VA) 1 $15,000 $15,000 $1,119 7.50%
NEW BERN, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,015 4.95%
Moses Lake, WA (FHA|USDA|VA) 1 $15,000 $15,000 $1,184 4.50%
Keene, NH (FHA|USDA|VA) 1 $15,000 $15,000 $1,167 7.50%
Cambridge, MD (FHA|USDA|VA) 1 $15,000 $15,000 $1,196 6.95%
Danville, VA (FHA|USDA|VA) 1 $15,000 $15,000 $998 5.95%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $15,000 $15,000 $1,290 4.95%
MUSKEGON, MI (FHA|USDA|VA) 1 $15,000 $15,000 $1,220 7.50%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $15,000 $15,000 $975 5.95%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $15,000 $15,000 $1,143 8.95%
Spirit Lake, IA (FHA|USDA|VA) 1 $15,000 $15,000 $1,016 7.50%
Fort Payne, AL (FHA|USDA|VA) 1 $5,000 $5,000 $890 4.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $5,000 $5,000 $902 4.95%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $5,000 $5,000 $832 3.95%
ROANOKE, VA (FHA|USDA|VA) 1 $5,000 $5,000 $891 8.95%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $5,000 $5,000 $844 5.45%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $5,000 $5,000 $930 4.95%
Home Loan Investment Bank F.s.b.'s top markets include Providence, Boston, New York, Worcester, and Manchester 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)
  • 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.

    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    North Jersey Federal Credit Union
    Similarity Rank: 247
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    N C P D Federal Credit Union
    Similarity Rank: 482
    Rhode Island Credit Union
    Similarity Rank: 510
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,117 $332,155,000 $297,363 $3,522 3.15%
    FHA 874 $53,670,000 $61,407 $2,420 6.32%
    VA 27 $12,095,000 $447,963 $7,195 3.14%

    For 2020, Home Loan Investment Bank F.s.b.'s most frequently originated type of loan was Conventional, with 1,117 originations. Their 2nd most popular type was FHA, with 874 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 754 $16,940,000 $22,467 $1,355 6.82%
    Refi 642 $191,690,000 $298,583 $3,499 3.05%
    Home Purchase 407 $124,865,000 $306,794 $5,316 3.25%
    Cash Out Refi 215 $64,425,000 $299,651 $3,774 3.28%

    For 2020, Home Loan Investment Bank F.s.b.'s most frequently cited loan purpose was Home Improvement, with 754 originations. The 2nd most popular reason was Refi, with 642 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 999 $306,775,000 $307,082 $4,385 3.22%
    20 Year 478 $30,440,000 $63,682 $1,656 6.68%
    15 Year 255 $39,495,000 $154,882 $2,382 4.74%
    Other 117 $16,125,000 $137,821 $2,083 4.50%
    10 Year 100 $3,770,000 $37,700 $1,466 6.38%
    5 Year 58 $1,170,000 $20,172 $1,070 4.94%
    3 Year 11 $145,000 $13,182 $1,066 4.54%

    For 2020, Home Loan Investment Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 999 originations. The 2nd most popular length was 20 Year, with 478 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,616 $352,660,000 $218,230
    $<1k 275 $4,965,000 $18,055
    $2k-3k 87 $25,355,000 $291,437
    $3k-4k 22 $7,250,000 $329,545
    $4k-5k 10 $3,580,000 $358,000
    $5k+ 8 $4,110,000 $513,750

    Home Loan Investment Bank F.s.b.'s average total fees were $4,385, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,616 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 639 $192,065,000 $300,571
    2.5-3% 522 $154,810,000 $296,571
    6-7% 259 $6,035,000 $23,301
    7-8% 158 $3,570,000 $22,595
    Over 8% 147 $3,295,000 $22,415
    4-5% 134 $12,000,000 $89,552
    <2.5% 87 $24,635,000 $283,161
    5-6% 72 $1,510,000 $20,972

    During 2020, Home Loan Investment Bank F.s.b.'s average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 639 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 777 $224,895,000 $289,440 $4,098 3.14%
    $100,000 or less 775 $18,625,000 $24,032 $1,408 6.73%
    $400k-600k 227 $106,175,000 $467,731 $4,649 3.13%
    $100k-200k 224 $36,580,000 $163,304 $3,430 3.18%
    $600k-1MM 12 $8,290,000 $690,833 $7,835 3.09%
    $1MM+ 3 $3,355,000 $1,118,333 $16,822 3.79%

    2020 saw Home Loan Investment Bank F.s.b. place emphasis on $200k-400k loans with 777 originations, totaling $224,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 550 $106,060,000 $192,836 $2,902 4.74%
    $75k-100k 450 $76,250,000 $169,444 $3,034 4.76%
    $50k-75k 395 $61,495,000 $155,684 $3,192 4.53%
    $150k-250k 385 $97,425,000 $253,052 $2,989 4.14%
    $50k or less 118 $13,410,000 $113,644 $2,866 4.82%
    $250k+ 93 $30,875,000 $331,989 $3,394 3.67%

    Home Loan Investment Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 550 originations. The second most popular income band? $75k-100k, with 450 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 505 $95,565,000 $189,238 $2,560 4.41%
    30-36% 425 $77,035,000 $181,259 $2,785 4.85%
    <20% 129 $27,805,000 $215,543 $2,844 3.58%
    37% 106 $14,690,000 $138,585 $2,370 5.55%
    44% 101 $15,935,000 $157,772 $2,901 5.31%
    36% 97 $15,145,000 $156,134 $2,813 5.29%
    41% 85 $16,205,000 $190,647 $3,089 4.46%
    43% 79 $15,455,000 $195,633 $3,310 4.79%
    42% 76 $16,110,000 $211,974 $2,955 5.02%
    40% 71 $14,795,000 $208,380 $3,413 4.28%
    38% 71 $14,205,000 $200,070 $3,230 4.41%
    39% 64 $11,090,000 $173,281 $2,945 4.91%
    45% 36 $9,780,000 $271,667 $4,567 3.20%
    47% 33 $9,295,000 $281,667 $4,713 3.38%
    46% 32 $9,570,000 $299,063 $4,827 3.10%
    49% 32 $9,680,000 $302,500 $5,179 3.18%
    50-60% 24 $7,050,000 $293,750 $8,269 3.23%
    48% 23 $5,805,000 $252,391 $4,782 3.19%
    >60% 3 $725,000 $241,667 $6,460 3.42%

    Home Loan Investment Bank F.s.b. lent most frequently to those with DTI ratios of 20-30%, with 505 originations. The next most common DTI ratio? 30-36%, with 425 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,836 $370,320,000 $201,699 $3,089 4.45%
    Black 93 $13,485,000 $145,000 $3,494 5.30%
    Asian 44 $9,700,000 $220,455 $3,177 4.34%
    Not provided 32 $4,070,000 $127,188 $2,714 5.83%
    American Indian 12 $260,000 $21,667 $1,307 6.80%
    Native Hawaiian or Islander 1 $85,000 $85,000 $4,256 4.75%

    Approval Rates

    Total approvals of all applications
    74.38%

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

    Pick Rate

    Approvals leading to origination
    34.49%

    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 2,018 $397,920,000 $197,185

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,018 $397,920,000 $197,185

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $10,030,000 $192,885 $3,401 2.87%
    40-60% 211 $58,335,000 $276,469 $3,256 2.97%
    60-80% 565 $172,855,000 $305,938 $3,547 3.18%
    80-100% 417 $131,575,000 $315,528 $5,317 3.24%
    Over 100% 3 $975,000 $325,000 $10,997 3.25%
    Under 20% 4 $680,000 $170,000 $3,509 2.84%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Home Loan Center, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 75.0%
    Home Loan Center, Inc. Conventional home mortgage Trouble during payment process 1 12.5%
    Home Loan Center, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Home Loan Investment Bank, F.S.B. 1 Home Loan Plaza, Suite 3 Warwick, RI 2886 Full Service B&M $0
    Home Loan Investment Bank, F.S.B. 244 Weybosset Street Providence, RI 2903 Full Service B&M $45,896
    Home Loan Investment Bank, F.S.B. 40 Airport Road Warwick, RI 2889 Full Service B&M $265,234

    For 2020, Home Loan Investment Bank F.s.b. had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,197
    Net interest income $14,744
    Total noninterest income $10,964
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3
    Trading account gains and fees $0
    Additional Noninterest Income $10,961
    Pre-tax net operating income $5,763
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,763
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,763
    Minority interest net income $0
    Net income $5,763
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,763

    Home Loan Investment Bank F.s.b.'s gross interest income from loans was $21,197,000.
    Home Loan Investment Bank F.s.b.'s net interest income from loans was $14,744,000.
    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 $5,763,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,453
    Provision for credit losses $4,725
    Total noninterest expense $15,220
    Salaries and employee benefits $7,273
    Premises and equipment expense $1,007
    Additional noninterest expense $6,940
    Applicable income taxes $0
    Net charge-offs $1,640
    Cash dividends $0

    Home Loan Investment Bank F.s.b.'s interest expense for loans was $6,453,000.
    Home Loan Investment Bank F.s.b.'s payroll and benefits expense were $7,273,000.
    Home Loan Investment Bank F.s.b.'s property, plant and equipment expenses $1,007,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 4.0%
    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $336,201
    Deposits held in domestic offices $336,201
    Deposits by Individuals, partnerships, and corporations $287,163
    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. $49,038
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $20,148
    Demand deposits $20,148
    Nontransaction accounts $316,053
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $67,215
    Total time deposits $248,839
    Total time and savings deposits $316,053
    Noninterest-bearing deposits $9,546
    Interest-bearing deposits $326,655
    Retail deposits $274,435
    IRAs and Keogh plan accounts $29,415
    Brokered deposits $35,654
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $377,077
    Cash & Balances due from depository institutions $60,927
    Interest-bearing balances $60,135
    Total securities $1,052
    Federal funds sold & reverse repurchase $0
    Net loans and leases $299,288
    Loan and leases loss allowance $7,911
    Trading account assets $0
    Bank premises and fixed assets $5,324
    Other real estate owned $383
    Goodwill and other intangibles $2,999
    All other assets $7,104

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $377,077
    Total Liabilities $339,715
    Total deposits $336,201
    Interest-bearing deposits $326,655
    Deposits held in domestic offices $336,201
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,514

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $299,288
    Loan and leases loss allowance $7,911
    Total loans and leases (domestic) $307,199
    All real estate loans $196,490
    Real estate loans in domestic offices $196,490
    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 $52,321
    Nonfarm nonresidential secured by owner-occupied properties $48,253
    Commercial real estate & other non-farm, non-residential $4,068
    Multifamily residential real estate $206
    1-4 family residential loans $143,963
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $404
    Commercial and industrial loans $3,570
    To non-U.S. addressees $0
    Loans to individuals $106,735
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $74,706
    Other loans to individuals $32,029
    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 $8,197
    Non 1-4 family restructured loans & leases $1,062
    Total loans and leases (foreign) $0

    Home Loan Investment Bank F.S.B. had $299,288,000 of loans outstanding in 2020. $196,490,000 of loans were in real estate loans. $0 of loans were in development loans. $206,000 of loans were in multifamily mortgage loans. $143,963,000 of loans were in 1-4 family mortgage loans. $404,000 of loans were in farm loans. $0 of loans were in credit card loans. $74,706,000 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 170 $52,320 $307,765
    Nonfarm, nonresidential loans - <$100k 6 $54 $9,000
    Nonfarm, nonresidential loans - $100-250k 20 $1,015 $50,750
    Nonfarm, nonresidential loans - $250k-1MM 144 $51,251 $355,910
    Commercial & Industrial, US addressed loans - <$1MM 51 $3,570 $70,000
    Commercial & Industrial, US addressed loans - <$100k 41 $1,380 $33,659
    Commercial & Industrial, US addressed loans - $100-250k 7 $635 $90,714
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,555 $518,333
    Agriculture operations loans - <$1MM 1 $404 $404,000
    Agriculture operations loans - $250k-1MM 1 $404 $404,000