Home Bank Sb Mortgage Rates, Fees & Info

Martinsville, IN

LEI: 549300MNGYKM8QPYJL44

Tax ID: 35-0388822

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Terre Haute, Daphne, and North Port among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Bank Sb has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Home Bank Sb 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 6.82% 4/21/24
    30 Year Conventional Refi 6.69% 4/21/24
    30 Year Cash-out Refi 7.06% 4/21/24
    30 Year FHA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 6.18% 4/21/24
    15 Year Conventional Refi 6.13% 4/21/24
    15 Year Cash-out Refi 6.13% 4/21/24
    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 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

    222

    Origination Dollar Volume (All Markets)

    $54,180,000

    Awards

    Home Bank SB 30 Year Conventional Loans gold Home Bank SB 30 Year Conventional Loans gold
    Show all (2) 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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 202 $49,110,000 $243,119 $2,633 4.70%
    BLOOMINGTON, IN (FHA|USDA|VA) 10 $2,470,000 $247,000 $2,999 4.70%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $550,000 $275,000 $2,391 5.63%
    Outside of Metro Areas 2 $530,000 $265,000 $2,351 4.38%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $435,000 $435,000 $0 5.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,135 5.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,977 5.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,546 4.13%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $125,000 $125,000 $1,990 5.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,689 4.75%
    Home Bank Sb's top markets include Indianapolis, Bloomington, Terre Haute, Daphne, and North Port among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (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: 268
    Independent Federal Credit Union
    Similarity Rank: 318
    Greenfield Banking Company
    Similarity Rank: 476
    CRANE
    Similarity Rank: 680
    Home Bank SB
    Similarity Rank: 700
    CIBM Bank
    Similarity Rank: 768
    Madison County Federal Credit Union
    Similarity Rank: 804
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1053
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1273
    The Peoples State Bank
    Similarity Rank: 1280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 222 $54,180,000 $244,054 $2,672 4.71%

    For 2022, Home Bank Sb's most frequently originated type of loan was Conventional, with 222 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 138 $42,350,000 $306,884 $2,998 4.88%
    Cash Out Refi 38 $6,180,000 $162,632 $2,611 4.47%
    Refi 27 $4,155,000 $153,889 $2,408 3.94%
    Other 13 $1,265,000 $97,308 $1,326 4.93%
    Home Improvement 6 $230,000 $38,333 $596 5.33%

    For 2022, Home Bank Sb's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 111 $25,605,000 $230,676 $2,512 4.85%
    15 Year 32 $4,000,000 $125,000 $2,092 4.39%
    30+ year 31 $15,345,000 $495,000 $4,215 4.33%
    Other 31 $6,295,000 $203,065 $2,744 4.96%
    10 Year 7 $655,000 $93,571 $1,465 3.91%
    20 Year 6 $2,110,000 $351,667 $2,901 5.65%
    5 Year 4 $170,000 $42,500 $458 4.50%

    For 2022, Home Bank Sb's most frequently cited loan duration was 30 Year, with 111 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 166 $43,940,000 $264,699
    $<1k 26 $3,370,000 $129,615
    $5k+ 2 $460,000 $230,000
    $2k-3k 1 $335,000 $335,000
    $3k-4k 1 $205,000 $205,000

    Home Bank Sb's average total fees were $2,512, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 166 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 61 $13,725,000 $225,000
    3-4% 58 $14,880,000 $256,552
    4-5% 58 $16,110,000 $277,759
    6-7% 26 $6,260,000 $240,769
    2.5-3% 12 $2,340,000 $195,000
    <2.5% 5 $665,000 $133,000
    7-8% 1 $185,000 $185,000
    Over 8% 1 $15,000 $15,000

    During 2022, Home Bank Sb's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 5-6%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 77 $11,525,000 $149,675 $2,501 4.69%
    $200k-400k 61 $17,305,000 $283,689 $2,976 4.84%
    $100,000 or less 47 $3,045,000 $64,787 $1,707 4.69%
    $400k-600k 24 $11,560,000 $481,667 $3,372 4.42%
    $600k-1MM 9 $6,105,000 $678,333 $4,020 4.58%
    $1MM+ 4 $4,640,000 $1,160,000 $5,105 5.44%

    2022 saw Home Bank Sb place emphasis on $100k-200k loans with 77 originations, totaling $11,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $11,040,000 $240,000 $2,926 4.47%
    $50k-75k 44 $7,260,000 $165,000 $2,333 4.56%
    $150k-250k 36 $12,970,000 $360,278 $3,416 4.84%
    $75k-100k 31 $5,625,000 $181,452 $2,226 4.91%
    $50k or less 29 $2,675,000 $92,241 $1,948 4.66%
    $250k+ 23 $10,715,000 $465,870 $3,591 4.95%

    Home Bank Sb lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $12,515,000 $205,164 $2,332 4.50%
    30-36% 42 $11,530,000 $274,524 $2,846 4.54%
    <20% 24 $7,260,000 $302,500 $3,085 4.41%
    40% 15 $3,225,000 $215,000 $2,204 5.20%
    43% 13 $4,055,000 $311,923 $3,223 4.18%
    42% 10 $2,000,000 $200,000 $2,293 4.93%
    41% 8 $1,870,000 $233,750 $2,260 5.56%
    37% 7 $1,515,000 $216,429 $2,627 5.32%
    38% 5 $1,475,000 $295,000 $2,832 4.85%
    36% 5 $1,025,000 $205,000 $3,969 5.35%
    39% 5 $925,000 $185,000 $3,596 4.13%
    45% 4 $430,000 $107,500 $2,436 5.47%
    50-60% 4 $1,240,000 $310,000 $3,510 5.41%
    49% 3 $435,000 $145,000 $2,443 3.75%
    >60% 2 $770,000 $385,000 $1,718 4.38%
    48% 1 $85,000 $85,000 $2,773 6.25%
    47% 1 $155,000 $155,000 $2,505 3.75%

    Home Bank Sb lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 204 $48,900,000 $239,706 $2,654 4.70%
    Not applicable 10 $3,410,000 $341,000 $0 5.51%
    Not provided 4 $1,120,000 $280,000 $3,067 3.63%
    Asian 2 $590,000 $295,000 $3,874 3.88%
    Black 1 $115,000 $115,000 $2,525 3.88%
    American Indian 1 $45,000 $45,000 $0 5.13%

    Approval Rates

    Total approvals of all applications
    91.48%

    Home Bank Sb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.17%

    Home Bank Sb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 222 $54,180,000 $244,054

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    222 $54,180,000 $244,054

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,310,000 $118,214 $2,328 4.10%
    40-60% 37 $7,885,000 $213,108 $2,633 4.40%
    60-80% 84 $26,330,000 $313,452 $3,114 4.88%
    80-100% 54 $15,630,000 $289,444 $2,902 4.78%
    Under 20% 19 $1,025,000 $53,947 $1,113 5.28%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Home Point Financial Corporation Conventional home mortgage Closing on a mortgage 1 20.0%
    Home Point Financial Corporation Conventional home mortgage Incorrect information on your report 1 20.0%
    Home Point Financial Corporation Conventional home mortgage Struggling to pay mortgage 1 20.0%
    Home Point Financial Corporation Conventional home mortgage Trouble during payment process 1 20.0%
    Home Point Financial Corporation VA mortgage Trouble during payment process 1 20.0%