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

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    • 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 New York among others. We have data for 198 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 6.70% 12/3/24
    30 Year Conventional Refi 6.79% 12/3/24
    30 Year Cash-out Refi 6.99% 12/3/24
    30 Year FHA Purchase 7.25% 12/3/24
    30 Year FHA Refi 7.21% 12/3/24
    30 Year VA Purchase 6.17% 12/3/24
    15 Year Conventional Purchase 6.36% 12/3/24
    15 Year Conventional Refi 6.10% 12/3/24
    15 Year Cash-out Refi 6.10% 12/3/24
    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

    791

    Origination Dollar Volume (All Markets)

    $135,015,000

    Awards

    Home Loan Investment Bank F.S.B. FHA Loans silver Home Loan Investment Bank F.S.B. 30 Year Conventional Loans bronze Home Loan Investment Bank F.S.B. FHA Loans gold
    Show all (3) 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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 233 $69,905,000 $300,021 $5,437 5.23%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 96 $33,420,000 $348,125 $5,614 5.23%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 19 $5,185,000 $272,895 $5,322 4.76%
    WORCESTER, MA-CT (FHA|USDA|VA) 16 $4,160,000 $260,000 $5,875 5.37%
    Outside of Metro Areas 32 $2,600,000 $81,250 $2,452 6.42%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 12 $1,350,000 $112,500 $2,229 6.66%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $1,260,000 $105,000 $1,991 6.20%
    Laconia, NH (FHA|USDA|VA) 3 $1,075,000 $358,333 $6,349 5.08%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,523 5.56%
    SPRINGFIELD, MA (FHA|USDA|VA) 7 $915,000 $130,714 $3,071 6.03%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $805,000 $805,000 $5,287 4.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $635,000 $211,667 $2,784 6.88%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $560,000 $93,333 $2,030 6.60%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $525,000 $105,000 $3,811 6.03%
    Rutland, VT (FHA|USDA|VA) 1 $485,000 $485,000 $1,629 7.49%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $480,000 $240,000 $4,103 6.38%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $405,000 $405,000 $3,859 6.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $380,000 $63,333 $1,900 5.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $350,000 $58,333 $2,232 6.50%
    Palatka, FL (FHA|USDA|VA) 1 $345,000 $345,000 $18,780 3.25%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $335,000 $335,000 $5,564 5.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $8,572 4.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $315,000 $315,000 $4,057 4.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 13 $305,000 $23,462 $1,408 6.90%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $275,000 $275,000 $10,786 5.25%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $230,000 $115,000 $4,410 6.75%
    ITHACA, NY (FHA|USDA|VA) 1 $215,000 $215,000 $5,150 5.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $215,000 $23,889 $1,366 6.23%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $205,000 $22,778 $1,454 7.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $185,000 $20,556 $1,123 5.66%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $180,000 $22,500 $1,086 5.83%
    LAFAYETTE, LA (FHA|USDA|VA) 8 $180,000 $22,500 $1,111 5.53%
    Concord, NH (FHA|USDA|VA) 2 $180,000 $90,000 $2,530 5.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $165,000 $23,571 $1,466 7.23%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,770 6.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $145,000 $20,714 $1,275 7.37%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $140,000 $23,333 $1,442 6.85%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $5,725 5.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 6 $120,000 $20,000 $1,046 5.28%
    DOVER, DE (FHA|USDA|VA) 5 $115,000 $23,000 $1,471 6.60%
    TULSA, OK (FHA|USDA|VA) 5 $115,000 $23,000 $1,332 6.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $100,000 $25,000 $1,216 6.55%
    COLUMBUS, OH (FHA|USDA|VA) 4 $90,000 $22,500 $1,358 6.85%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $90,000 $22,500 $1,165 6.61%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $90,000 $22,500 $1,430 7.11%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $80,000 $20,000 $1,286 6.25%
    PITTSBURGH, PA (FHA|USDA|VA) 4 $80,000 $20,000 $1,367 7.86%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $80,000 $20,000 $1,282 5.91%
    DeRidder, LA (FHA|USDA|VA) 3 $75,000 $25,000 $1,532 8.08%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $75,000 $25,000 $1,199 6.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $65,000 $21,667 $1,381 5.65%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $65,000 $21,667 $1,399 7.17%
    WICHITA, KS (FHA|USDA|VA) 3 $65,000 $21,667 $1,454 6.32%
    LIMA, OH (FHA|USDA|VA) 3 $55,000 $18,333 $1,196 7.28%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.00%
    RACINE, WI (FHA|USDA|VA) 2 $50,000 $25,000 $1,478 7.50%
    Jennings, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 6.88%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $50,000 $12,500 $902 5.60%
    Outside of Metro Areas 2 $50,000 $25,000 $1,032 5.73%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.50%
    ROCKFORD, IL (FHA|USDA|VA) 2 $50,000 $25,000 $1,461 5.50%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $50,000 $25,000 $1,494 6.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $50,000 $25,000 $1,464 7.23%
    Pottsville, PA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 5.73%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $50,000 $25,000 $1,461 7.00%
    Cambridge, MD (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 8.73%
    CHEYENNE, WY (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.95%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.73%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.10%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $50,000 $25,000 $1,532 7.00%
    TOLEDO, OH (FHA|USDA|VA) 2 $50,000 $25,000 $1,519 7.00%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $45,000 $15,000 $1,010 7.47%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $40,000 $20,000 $1,302 7.73%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $40,000 $20,000 $1,377 5.50%
    Kirksville, MO (FHA|USDA|VA) 2 $40,000 $20,000 $1,357 7.00%
    DECATUR, IL (FHA|USDA|VA) 2 $40,000 $20,000 $1,299 8.23%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $40,000 $20,000 $1,426 7.23%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $40,000 $20,000 $1,331 5.50%
    COLUMBIA, SC (FHA|USDA|VA) 2 $40,000 $20,000 $1,288 8.95%
    LAKE CHARLES, LA (FHA|USDA|VA) 2 $40,000 $20,000 $1,032 5.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $30,000 $15,000 $1,049 7.23%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $30,000 $15,000 $1,222 7.38%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $30,000 $15,000 $1,225 6.23%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Mount Vernon, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,380 8.45%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    NEW BERN, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.95%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $25,000 $25,000 $532 3.95%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,398 7.95%
    Chillicothe, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
    Olean, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    Salem, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,397 7.95%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
    Aberdeen, SD (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Fremont, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,523 7.50%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 6.50%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    GREELEY, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Greenville, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,393 6.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $25,000 $25,000 $1,355 7.95%
    JACKSON, MI (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,393 7.25%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.95%
    Laurinburg, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Lumberton, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    MADISON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Manitowoc, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Mayfield, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,526 8.95%
    Menomonie, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,364 7.50%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Middlesborough, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,424 7.25%
    MIDLAND, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    Columbus, MS (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    MONROE, LA (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,515 6.50%
    Ponca City, OK (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    RICHMOND, VA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.50%
    ROCHESTER, NY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    Rockingham, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $25,000 $25,000 $1,390 6.50%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.95%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    SANTA FE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 4.95%
    SAVANNAH, GA (FHA|USDA|VA) 1 $25,000 $25,000 $532 3.95%
    BEND, OR (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Beaver Dam, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $25,000 $25,000 $1,518 8.95%
    Bardstown, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 9.50%
    APPLETON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 8.95%
    ALTOONA, PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,392 6.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 5.95%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.50%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 7.25%
    Opelousas, LA (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (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 6.25%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    Payson, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $532 4.95%
    PEORIA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.25%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,532 6.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $15,000 $15,000 $1,188 7.50%
    Indiana, PA (FHA|USDA|VA) 1 $15,000 $15,000 $1,058 6.50%
    New Castle, IN (FHA|USDA|VA) 1 $15,000 $15,000 $1,306 6.50%
    Effingham, IL (FHA|USDA|VA) 1 $15,000 $15,000 $1,057 7.50%
    Van Wert, OH (FHA|USDA|VA) 1 $15,000 $15,000 $978 7.95%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $15,000 $15,000 $1,077 6.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $15,000 $15,000 $1,139 4.95%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $15,000 $15,000 $987 8.50%
    Wabash, IN (FHA|USDA|VA) 1 $15,000 $15,000 $1,115 6.95%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $15,000 $15,000 $1,213 6.50%
    Ludington, MI (FHA|USDA|VA) 1 $15,000 $15,000 $933 7.50%
    Wahpeton, ND-MN (FHA|USDA|VA) 1 $15,000 $15,000 $1,256 6.25%
    MUSKEGON, MI (FHA|USDA|VA) 1 $15,000 $15,000 $1,014 8.95%
    Lewisburg, TN (FHA|USDA|VA) 1 $15,000 $15,000 $1,172 3.95%
    Albemarle, NC (FHA|USDA|VA) 1 $15,000 $15,000 $1,061 6.50%
    NILES, MI (FHA|USDA|VA) 1 $15,000 $15,000 $1,190 6.50%
    Defiance, OH (FHA|USDA|VA) 1 $15,000 $15,000 $1,181 4.50%
    Montrose, CO (FHA|USDA|VA) 1 $15,000 $15,000 $1,174 8.95%
    Albertville, AL (FHA|USDA|VA) 1 $15,000 $15,000 $1,075 7.95%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $15,000 $15,000 $1,236 6.50%
    McPherson, KS (FHA|USDA|VA) 1 $15,000 $15,000 $1,315 5.95%
    Martin, TN (FHA|USDA|VA) 1 $15,000 $15,000 $1,183 6.95%
    Richmond, IN (FHA|USDA|VA) 1 $15,000 $15,000 $1,244 7.50%
    Statesboro, GA (FHA|USDA|VA) 1 $15,000 $15,000 $1,182 8.50%
    MANSFIELD, OH (FHA|USDA|VA) 1 $15,000 $15,000 $997 5.50%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $15,000 $15,000 $982 8.45%
    Craig, CO (FHA|USDA|VA) 1 $15,000 $15,000 $1,254 9.50%
    STOCKTON, CA (FHA|USDA|VA) 1 $15,000 $15,000 $532 3.95%
    MUNCIE, IN (FHA|USDA|VA) 2 $10,000 $5,000 $890 6.95%
    Zanesville, OH (FHA|USDA|VA) 1 $5,000 $5,000 $862 4.95%
    Home Loan Investment Bank F.s.b.'s top markets include Providence, Boston, Manchester, Worcester, and New York among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 485 $30,715,000 $63,330 $2,566 6.53%
    Conventional 291 $97,555,000 $335,241 $4,700 5.07%
    VA 15 $6,745,000 $449,667 $9,636 4.57%

    For 2022, Home Loan Investment Bank F.s.b.'s most frequently originated type of loan was FHA, with 485 originations. Their 2nd most popular type was Conventional, with 291 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 427 $9,595,000 $22,471 $1,346 6.77%
    Home Purchase 266 $100,870,000 $379,211 $6,782 5.05%
    Cash Out Refi 69 $17,065,000 $247,319 $3,679 5.08%
    Refi 27 $7,175,000 $265,741 $4,642 4.28%
    Other 1 $215,000 $215,000 $350 5.49%
    NA 1 $95,000 $95,000 $350 6.99%

    For 2022, Home Loan Investment Bank F.s.b.'s most frequently cited loan purpose was Home Improvement, with 427 originations. The 2nd most popular reason was Home Purchase, with 266 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 336 $121,070,000 $360,327 $6,333 5.04%
    20 Year 222 $5,360,000 $24,144 $1,409 7.16%
    15 Year 98 $5,080,000 $51,837 $1,501 6.48%
    10 Year 56 $1,480,000 $26,429 $1,288 6.71%
    5 Year 38 $750,000 $19,737 $1,084 5.02%
    Other 36 $1,210,000 $33,611 $1,445 5.68%
    3 Year 5 $65,000 $13,000 $1,026 4.15%

    For 2022, Home Loan Investment Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 20 Year, with 222 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 467 $79,455,000 $170,139
    $<1k 180 $6,580,000 $36,556
    $2k-3k 56 $17,880,000 $319,286
    $3k-4k 27 $10,525,000 $389,815
    $5k+ 26 $12,170,000 $468,077
    $4k-5k 22 $8,110,000 $368,636

    Home Loan Investment Bank F.s.b.'s average total fees were $6,333, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 467 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 215 $20,025,000 $93,140
    4-5% 153 $32,775,000 $214,216
    5-6% 146 $43,040,000 $294,795
    7-8% 101 $4,485,000 $44,406
    3-4% 95 $30,255,000 $318,474
    Over 8% 72 $1,640,000 $22,778
    2.5-3% 9 $2,795,000 $310,556

    During 2022, Home Loan Investment Bank F.s.b.'s average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 6-7%, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 447 $10,835,000 $24,239 $1,323 6.71%
    $200k-400k 184 $56,080,000 $304,783 $6,008 4.88%
    $400k-600k 86 $41,300,000 $480,233 $7,210 5.06%
    $100k-200k 48 $7,410,000 $154,375 $3,782 5.21%
    $600k-1MM 26 $19,390,000 $745,769 $10,144 4.79%

    2022 saw Home Loan Investment Bank F.s.b. place emphasis on $100,000 or less loans with 447 originations, totaling $10,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 244 $41,210,000 $168,893 $3,592 5.96%
    $75k-100k 186 $29,500,000 $158,602 $3,328 5.89%
    $50k-75k 145 $17,835,000 $123,000 $3,321 5.92%
    $150k-250k 142 $31,820,000 $224,085 $3,752 5.97%
    $50k or less 38 $2,110,000 $55,526 $2,145 6.95%
    $250k+ 36 $12,540,000 $348,333 $4,568 5.30%

    Home Loan Investment Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 244 originations. The second most popular income band? $75k-100k, with 186 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 126 $21,640,000 $171,746 $3,083 5.89%
    20-30% 125 $17,555,000 $140,440 $2,656 5.76%
    37% 33 $5,215,000 $158,030 $3,156 6.28%
    50-60% 32 $12,870,000 $402,188 $10,804 4.98%
    <20% 30 $5,320,000 $177,333 $2,677 5.13%
    44% 30 $6,170,000 $205,667 $3,853 6.05%
    43% 28 $5,170,000 $184,643 $3,177 6.28%
    39% 26 $5,940,000 $228,462 $4,462 6.07%
    40% 26 $6,520,000 $250,769 $4,639 5.41%
    36% 25 $4,105,000 $164,200 $3,276 6.17%
    42% 23 $5,175,000 $225,000 $4,741 5.92%
    41% 22 $4,950,000 $225,000 $4,104 5.82%
    49% 19 $6,585,000 $346,579 $5,268 4.94%
    38% 19 $4,345,000 $228,684 $4,839 5.90%
    47% 17 $6,285,000 $369,706 $6,021 5.24%
    45% 15 $4,805,000 $320,333 $5,763 5.39%
    48% 12 $4,100,000 $341,667 $7,512 4.47%
    46% 9 $3,105,000 $345,000 $5,273 5.16%
    >60% 2 $1,300,000 $650,000 $16,193 5.38%

    Home Loan Investment Bank F.s.b. lent most frequently to those with DTI ratios of 30-36%, with 126 originations. The next most common DTI ratio? 20-30%, with 125 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 741 $118,155,000 $159,453 $3,271 6.04%
    Black 23 $7,325,000 $318,478 $6,908 4.86%
    Asian 14 $5,830,000 $416,429 $6,541 4.46%
    Not provided 10 $3,350,000 $335,000 $6,695 4.92%
    American Indian 3 $355,000 $118,333 $4,589 4.71%

    Approval Rates

    Total approvals of all applications
    78.07%

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

    Pick Rate

    Approvals leading to origination
    19.60%

    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 791 $135,015,000 $170,689

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    791 $135,015,000 $170,689

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $4,135,000 $165,400 $2,893 5.21%
    40-60% 38 $10,840,000 $285,263 $4,662 5.03%
    60-80% 99 $36,215,000 $365,808 $5,269 4.95%
    80-100% 175 $69,375,000 $396,429 $7,499 4.91%
    Over 100% 6 $2,860,000 $476,667 $13,481 5.06%
    Under 20% 21 $1,995,000 $95,000 $969 5.69%