Hometown Bank Mortgage Rates, Fees & Info

Fond du Lac, WI

LEI: 549300OSYCBC27271359

Tax ID: 39-0634490

5 stars - out of 5 stars, based on 19 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Hometown Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Hometown Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fond Du Lac, Madison, Oshkosh, Milwaukee, and Watertown among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hometown Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Hometown Bank 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 6.68% 3/24/23
    30 Year Conventional Refi 6.38% 3/24/23
    30 Year Cash-out Refi 6.53% 3/24/23
    30 Year FHA Purchase 7.83% 3/24/23
    15 Year Conventional Purchase 5.84% 3/24/23
    15 Year Conventional Refi 5.76% 3/24/23
    15 Year Cash-out Refi 5.76% 3/24/23
    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

    366

    Origination Dollar Volume (All Markets)

    $73,490,000
    Show all (11) awards

    Relative Rate

    Hometown Bank's average 30 year fixed mortgage rate was 4.83%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.07%.

    Relative Fees (Closing Costs)

    Hometown Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $1,787.

    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
    FOND DU LAC, WI (FHA|USDA|VA) 124 $24,000,000 $193,548 $1,567 4.73%
    Outside of Metro Areas 74 $13,210,000 $178,514 $1,496 4.72%
    MADISON, WI (FHA|USDA|VA) 60 $10,660,000 $177,667 $1,672 4.01%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 23 $5,895,000 $256,304 $1,709 4.73%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $4,325,000 $288,333 $1,612 4.38%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 13 $3,615,000 $278,077 $1,914 4.13%
    Beaver Dam, WI (FHA|USDA|VA) 13 $2,195,000 $168,846 $1,330 4.67%
    GREEN BAY, WI (FHA|USDA|VA) 9 $2,025,000 $225,000 $2,106 5.51%
    APPLETON, WI (FHA|USDA|VA) 7 $1,965,000 $280,714 $2,088 4.20%
    Baraboo, WI (FHA|USDA|VA) 7 $1,865,000 $266,429 $1,806 4.30%
    Manitowoc, WI (FHA|USDA|VA) 6 $1,490,000 $248,333 $1,504 5.15%
    SHEBOYGAN, WI (FHA|USDA|VA) 9 $1,475,000 $163,889 $1,702 4.22%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $385,000 $385,000 $1,686 5.99%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $290,000 $145,000 $1,951 5.49%
    Stevens Point, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,216 2.88%
    Shawano, WI (FHA|USDA|VA) 1 $35,000 $35,000 $956 4.38%
    Marinette, WI-MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.00%
    Hometown Bank's top markets include Fond Du Lac, Madison, Oshkosh, Milwaukee, and Watertown among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

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

    FOND DU LAC
    Similarity Rank: 96
    PROSPERA Credit Union
    Similarity Rank: 168
    The Stephenson National Bank and Trust
    Similarity Rank: 270
    DMB Community Bank
    Similarity Rank: 325
    UNITEDONE Credit Union
    Similarity Rank: 363
    Wolf River Community Bank
    Similarity Rank: 405
    NORTHWESTERN MUTUAL
    Similarity Rank: 469
    The Bank of Kaukauna
    Similarity Rank: 484
    Fox Valley Savings Bank
    Similarity Rank: 510
    Bank of Luxemburg
    Similarity Rank: 513

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 360 $72,580,000 $201,611 $1,556 4.54%
    FHA 6 $910,000 $151,667 $4,865 6.63%

    For 2022, Hometown Bank's most frequently originated type of loan was Conventional, with 360 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 193 $46,085,000 $238,782 $2,105 5.02%
    Cash Out Refi 96 $15,330,000 $159,688 $1,146 4.31%
    Refi 73 $10,905,000 $149,384 $981 3.74%
    Home Improvement 4 $1,170,000 $292,500 $501 4.59%

    For 2022, Hometown Bank's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Cash Out Refi, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 245 $52,525,000 $214,388 $1,787 4.83%
    15 Year 68 $9,740,000 $143,235 $1,180 3.56%
    20 Year 16 $1,980,000 $123,750 $1,275 4.05%
    5 Year 14 $3,210,000 $229,286 $221 5.15%
    Other 13 $2,865,000 $220,385 $1,209 5.21%
    10 Year 8 $1,330,000 $166,250 $1,187 3.89%
    3 Year 2 $1,840,000 $920,000 $0 5.31%

    For 2022, Hometown Bank's most frequently cited loan duration was 30 Year, with 245 originations. The 2nd most popular length was 15 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 334 $62,730,000 $187,814
    $1k-2k 8 $1,750,000 $218,750
    $5k+ 2 $1,290,000 $645,000
    $2k-3k 1 $125,000 $125,000

    Hometown Bank's average total fees were $1,787, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 334 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 117 $21,465,000 $183,462
    5-6% 97 $23,405,000 $241,289
    4-5% 86 $18,900,000 $219,767
    2.5-3% 29 $3,515,000 $121,207
    6-7% 27 $5,045,000 $186,852
    <2.5% 5 $895,000 $179,000
    Over 8% 3 $95,000 $31,667
    7-8% 2 $170,000 $85,000

    During 2022, Hometown Bank's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 3-4%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 161 $22,745,000 $141,273 $1,611 4.53%
    $200k-400k 104 $29,100,000 $279,808 $1,764 4.67%
    $100,000 or less 72 $4,970,000 $69,028 $1,191 4.44%
    $400k-600k 22 $10,350,000 $470,455 $2,041 4.65%
    $600k-1MM 4 $2,730,000 $682,500 $1,700 4.81%
    $1MM+ 3 $3,595,000 $1,198,333 $5,736 5.38%

    2022 saw Hometown Bank place emphasis on $100k-200k loans with 161 originations, totaling $22,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 88 $20,360,000 $231,364 $1,637 4.60%
    $50k-75k 76 $11,680,000 $153,684 $1,581 4.55%
    $75k-100k 75 $12,665,000 $168,867 $1,434 4.16%
    $50k or less 53 $5,775,000 $108,962 $1,534 4.84%
    $150k-250k 38 $9,640,000 $253,684 $1,934 4.71%
    $250k+ 17 $6,515,000 $383,235 $2,060 4.62%

    Hometown Bank lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $50k-75k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 86 $14,610,000 $169,884 $1,458 4.43%
    30-36% 75 $14,645,000 $195,267 $1,614 4.73%
    <20% 36 $5,440,000 $151,111 $1,175 3.86%
    40% 20 $3,650,000 $182,500 $1,502 4.69%
    39% 17 $4,595,000 $270,294 $1,617 4.96%
    41% 15 $3,495,000 $233,000 $2,622 5.16%
    36% 14 $3,110,000 $222,143 $2,135 5.03%
    44% 12 $2,420,000 $201,667 $1,527 4.16%
    38% 11 $1,535,000 $139,545 $2,025 4.66%
    43% 10 $1,400,000 $140,000 $1,028 4.41%
    37% 9 $1,885,000 $209,444 $2,018 4.89%
    45% 9 $1,725,000 $191,667 $1,376 4.61%
    42% 8 $1,660,000 $207,500 $2,054 4.84%
    49% 7 $1,195,000 $170,714 $1,395 4.75%
    47% 5 $765,000 $153,000 $1,418 3.85%
    50-60% 5 $2,125,000 $425,000 $4,086 4.88%
    48% 4 $1,140,000 $285,000 $1,198 3.81%
    46% 3 $635,000 $211,667 $843 3.25%

    Hometown Bank lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 336 $64,720,000 $192,619 $1,611 4.54%
    Not applicable 18 $6,750,000 $375,000 $0 5.15%
    Asian 4 $1,000,000 $250,000 $1,616 4.47%
    Not provided 5 $655,000 $131,000 $1,787 4.43%
    American Indian 2 $190,000 $95,000 $1,613 4.25%
    Black 1 $175,000 $175,000 $1,616 4.88%

    Approval Rates

    Total approvals of all applications
    94.94%

    Hometown Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.35%

    Hometown Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 366 $73,490,000 $200,792

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    366 $73,490,000 $200,792

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $6,700,000 $124,074 $1,209 4.03%
    40-60% 68 $11,880,000 $174,706 $1,096 4.06%
    60-80% 117 $24,705,000 $211,154 $1,524 4.52%
    80-100% 118 $28,550,000 $241,949 $2,200 5.09%
    Over 100% 2 $1,030,000 $515,000 $0 5.36%
    Under 20% 6 $560,000 $93,333 $522 5.07%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 1 50.0%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 1 50.0%