Home Bank Sb Mortgage Rates, Fees & Info

Martinsville, IN

LEI: 549300MNGYKM8QPYJL44

Tax ID: 35-0388822

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Mortgage Data

Review & Overview

Home Bank Sb is a smaller bank specializing in Home Purchase loans. Home Bank Sb has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Bloomington, Greensburg, Muncie, and Bedford among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Home Bank Sb 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.

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 6.82% 5/19/24
30 Year Conventional Refi 6.69% 5/19/24
30 Year Cash-out Refi 7.06% 5/19/24
30 Year FHA Purchase 6.27% 5/19/24
15 Year Conventional Purchase 6.18% 5/19/24
15 Year Conventional Refi 6.13% 5/19/24
15 Year Cash-out Refi 6.13% 5/19/24
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 Bank Sb Mortgage Calculator






Your Estimates

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

This is not an official calculator from Home Bank Sb. 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

156

Origination Dollar Volume (All Markets)

$34,990,000

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 134 $29,750,000 $222,015 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 9 $1,955,000 $217,222 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
MUNCIE, IN (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
Bedford, IN (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
Plymouth, IN (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Logansport, IN (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
Home Bank Sb's top markets include Indianapolis, Bloomington, Greensburg, Muncie, and Bedford among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

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

    Mutual Savings Bank
    Similarity Rank: 460
    Greenfield Banking Company
    Similarity Rank: 581
    INDIANA UNIVERSITY CREDIT UNION
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    VICTORY MORTGAGE, L.L.C.
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    Jackson County Bank
    Similarity Rank: 1064
    CRANE
    Similarity Rank: 1134
    Community First Bank of Indiana
    Similarity Rank: 1287
    Stock Yards Bank & Trust Company
    Similarity Rank: 1472
    First Internet Bank of Indiana
    Similarity Rank: 1500
    Centra Credit Union
    Similarity Rank: 1763

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $34,990,000 $224,295 $0 0.00%

    For 2023, Home Bank Sb's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 110 $29,210,000 $265,545 $0 0.00%
    Home Improvement 20 $1,510,000 $75,500 $0 0.00%
    Other 10 $850,000 $85,000 $0 0.00%
    Cash Out Refi 9 $2,305,000 $256,111 $0 0.00%
    Refi 7 $1,115,000 $159,286 $0 0.00%

    For 2023, Home Bank Sb's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Home Improvement, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 156 $34,990,000 $224,295 $0 0.00%

    For 2023, Home Bank Sb's most frequently cited loan duration was Other, with 156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 60 $16,890,000 $281,500 $0 0.00%
    $100,000 or less 40 $2,040,000 $51,000 $0 0.00%
    $100k-200k 38 $5,720,000 $150,526 $0 0.00%
    $400k-600k 11 $5,065,000 $460,455 $0 0.00%
    $600k-1MM 6 $3,970,000 $661,667 $0 0.00%
    $1MM+ 1 $1,305,000 $1,305,000 $0 0.00%

    2023 saw Home Bank Sb place emphasis on $200k-400k loans with 60 originations, totaling $16,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 37 $9,325,000 $252,027 $0 0.00%
    $50k-75k 31 $5,125,000 $165,323 $0 0.00%
    $75k-100k 27 $5,075,000 $187,963 $0 0.00%
    $50k or less 20 $2,210,000 $110,500 $0 0.00%
    $150k-250k 19 $5,245,000 $276,053 $0 0.00%
    $250k+ 13 $6,175,000 $475,000 $0 0.00%

    Home Bank Sb lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 156 $34,990,000 $224,295 $0 0.00%

    Home Bank Sb lent most frequently to those with DTI ratios of Exempt%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $31,760,000 $226,857 $0 0.00%
    Not applicable 8 $1,680,000 $210,000 $0 0.00%
    Not provided 5 $1,065,000 $213,000 $0 0.00%
    Black 2 $270,000 $135,000 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.10%

    Home Bank Sb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.05%

    Home Bank Sb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 156 $34,990,000 $224,295

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    156 $34,990,000 $224,295