Hometown Bank Mortgage Rates, Fees & Info
Fond du Lac, WI
LEI: 549300OSYCBC27271359
Tax ID: 39-0634490
5 stars
-
out of 5 stars, based on 30 reviews
Jump to:
Mortgage Data
Bank Data
Overview
Hometown Bank is a
smaller
bank
specializing in
Refi, Cash Out Refi, and Home Purchase loans.
Hometown Bank has a high proportion of conventional loans.
Their top markets include Fond Du Lac, Madison, Milwaukee, Oshkosh, and Watertown among others. Hometown Bank has
an above average
approval rate for mortages when compared nationally.
They have
an average
pick rate when compared to the same sample of other lendors.
Hometown Bank is typically
a low fee
lendor.
Originations
909
Origination Dollar Volume (All Markets)
$174,745,000
Employee count
100
Show all (11) awards
×
Hometown Bank - 2021
Hometown Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Hometown Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
![]()
Relative Rate
Hometown Bank's average 30 year fixed rate mortgage of loans were
3.08%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.07%.
Relative Fees
Hometown Bank's average total fees for a 30 year fixed rate
mortgage are $1,140.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
FOND DU LAC, WI (FHA|USDA|VA)
|
340
|
$65,670,000 |
$193,147 |
$935 |
2.88% |
|
Outside of Metro Areas
|
184 |
$31,840,000 |
$173,043 |
$1,130 |
2.95% |
|
MADISON, WI (FHA|USDA|VA)
|
139
|
$26,525,000 |
$190,827 |
$898 |
2.78% |
|
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)
|
46
|
$10,190,000 |
$221,522 |
$877 |
2.73% |
|
OSHKOSH-NEENAH, WI (FHA|USDA|VA)
|
35
|
$7,685,000 |
$219,571 |
$1,064 |
2.90% |
|
Watertown-Fort Atkinson, WI (FHA|USDA|VA)
|
33
|
$6,175,000 |
$187,121 |
$870 |
2.66% |
|
SHEBOYGAN, WI (FHA|USDA|VA)
|
20
|
$4,950,000 |
$247,500 |
$818 |
3.02% |
|
APPLETON, WI (FHA|USDA|VA)
|
26
|
$4,810,000 |
$185,000 |
$1,074 |
2.76% |
|
GREEN BAY, WI (FHA|USDA|VA)
|
24
|
$4,450,000 |
$185,417 |
$940 |
2.94% |
|
Baraboo, WI (FHA|USDA|VA)
|
11
|
$3,805,000 |
$345,909 |
$905 |
3.38% |
|
Beaver Dam, WI (FHA|USDA|VA)
|
23
|
$3,685,000 |
$160,217 |
$1,224 |
2.97% |
|
Manitowoc, WI (FHA|USDA|VA)
|
3
|
$995,000 |
$331,667 |
$2,342 |
3.17% |
|
Shawano, WI (FHA|USDA|VA)
|
6
|
$920,000 |
$153,333 |
$1,324 |
3.10% |
|
JANESVILLE-BELOIT, WI (FHA|USDA|VA)
|
4
|
$680,000 |
$170,000 |
$1,100 |
2.72% |
|
Whitewater, WI (FHA|USDA|VA)
|
3
|
$535,000 |
$178,333 |
$1,137 |
2.83% |
|
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA)
|
2
|
$460,000 |
$230,000 |
$1,200 |
2.81% |
|
Marinette, WI-MI (FHA|USDA|VA)
|
3
|
$405,000 |
$135,000 |
$1,126 |
2.54% |
|
WAUSAU-WESTON, WI (FHA|USDA|VA)
|
2
|
$310,000 |
$155,000 |
$998 |
2.75% |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
2
|
$300,000 |
$150,000 |
$1,440 |
2.88% |
|
Stevens Point, WI (FHA|USDA|VA)
|
2
|
$200,000 |
$100,000 |
$803 |
2.88% |
|
Platteville, WI (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$537 |
2.13% |
Hometown Bank's top markets include Fond Du Lac, Madison, Milwaukee, Oshkosh, and Watertown among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
909 |
$174,745,000 |
$192,239 |
$989 |
2.87% |
For the 2021 period, Hometown Bank's most frequently
originated loan type
of loans were Conventional, with 909 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Refi |
437 |
$77,495,000 |
$177,334 |
$742 |
2.72% |
| Cash Out Refi |
247 |
$42,135,000 |
$170,587 |
$895 |
2.86% |
| Home Purchase |
200 |
$51,200,000 |
$256,000 |
$1,672 |
3.23% |
| Other |
25 |
$3,915,000 |
$156,600 |
$917 |
2.79% |
For the 2021, Hometown Bank's most frequently cited loan
purpose
of loans were Refi, with 437
originations.
The 2nd most popular reason of loans were Cash Out Refi,
with 247 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
464 |
$91,130,000 |
$196,401 |
$1,140 |
3.08% |
| 15 Year |
281 |
$45,805,000 |
$163,007 |
$835 |
2.43% |
| 20 Year |
94 |
$15,000,000 |
$159,574 |
$828 |
2.80% |
| 5 Year |
26 |
$10,420,000 |
$400,769 |
$670 |
4.12% |
| 10 Year |
22 |
$2,880,000 |
$130,909 |
$623 |
2.38% |
| Other |
21 |
$9,135,000 |
$435,000 |
$772 |
3.52% |
| 1 Year |
1 |
$375,000 |
$375,000 |
$0 |
3.75% |
For the 2021, Hometown Bank's most frequently cited loan
length
of loans were 30 Year, with 464 originations.
The 2nd most popular length of loans were 15 Year,
with 281 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
873 |
$156,445,000 |
$179,204 |
| $1k-2k |
6 |
$1,550,000 |
$258,333 |
$1,140 of loans were Hometown Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 873 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 2.5-3% |
347 |
$65,815,000 |
$189,669 |
| <2.5% |
285 |
$43,745,000 |
$153,491 |
| 3-4% |
260 |
$53,300,000 |
$205,000 |
| 4-5% |
10 |
$9,350,000 |
$935,000 |
| 5-6% |
5 |
$2,445,000 |
$489,000 |
| Over 8% |
2 |
$90,000 |
$45,000 |
During 2021, Hometown Bank's average interest
rate of loans were 3.08%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 347 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
418 |
$61,340,000 |
$146,746 |
$912 |
2.79% |
| $200k-400k |
254 |
$66,620,000 |
$262,283 |
$1,060 |
2.97% |
| $100,000 or less |
191 |
$14,765,000 |
$77,304 |
$972 |
2.84% |
| $400k-600k |
34 |
$15,760,000 |
$463,529 |
$1,408 |
3.04% |
| $1MM+ |
6 |
$11,630,000 |
$1,938,333 |
$1,400 |
3.97% |
| $600k-1MM |
6 |
$4,630,000 |
$771,667 |
$2,136 |
3.51% |
2021 saw Hometown Bank place emphasis on
$100k-200k loans
with 418 originations, totaling
$61,340,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
229 |
$45,605,000 |
$199,148 |
$949 |
2.82% |
| $50k-75k |
211 |
$31,175,000 |
$147,749 |
$954 |
2.87% |
| $50k or less |
155 |
$16,975,000 |
$109,516 |
$988 |
2.85% |
| $75k-100k |
141 |
$25,605,000 |
$181,596 |
$998 |
2.82% |
| $150k-250k |
105 |
$25,035,000 |
$238,429 |
$1,018 |
2.84% |
| $250k+ |
30 |
$11,860,000 |
$395,333 |
$1,428 |
2.86% |
Hometown Bank lent most frequently to those with incomes in the
$100k-150k range, with
229 originations.
The second most popular income band? $50k-75k,
with 211 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
246 |
$40,960,000 |
$166,504 |
$908 |
2.81% |
| 30-36% |
174 |
$30,240,000 |
$173,793 |
$984 |
2.79% |
| <20% |
146 |
$26,780,000 |
$183,425 |
$987 |
2.75% |
| 37% |
37 |
$6,285,000 |
$169,865 |
$1,221 |
3.00% |
| 38% |
32 |
$5,450,000 |
$170,313 |
$1,163 |
3.07% |
| 40% |
28 |
$4,740,000 |
$169,286 |
$1,056 |
2.87% |
| 44% |
28 |
$5,970,000 |
$213,214 |
$1,026 |
2.82% |
| 41% |
27 |
$4,825,000 |
$178,704 |
$1,019 |
2.88% |
| 42% |
26 |
$5,820,000 |
$223,846 |
$1,075 |
2.96% |
| 36% |
25 |
$4,605,000 |
$184,200 |
$882 |
2.79% |
| 39% |
25 |
$5,425,000 |
$217,000 |
$1,200 |
2.86% |
| 43% |
24 |
$5,080,000 |
$211,667 |
$999 |
2.93% |
| 46% |
15 |
$2,535,000 |
$169,000 |
$940 |
2.85% |
| 47% |
13 |
$2,195,000 |
$168,846 |
$868 |
2.76% |
| 49% |
13 |
$2,655,000 |
$204,231 |
$1,109 |
3.09% |
| 48% |
11 |
$2,435,000 |
$221,364 |
$691 |
2.65% |
| 45% |
10 |
$1,730,000 |
$173,000 |
$1,120 |
3.34% |
| >60% |
2 |
$530,000 |
$265,000 |
$1,272 |
3.19% |
| 50-60% |
1 |
$295,000 |
$295,000 |
$1,132 |
4.00% |
Hometown Bank lent most frequently to those with DTI ratios
of 20-30%, with
246 originations.
The next most common DTI ratio? 30-36%,
with 174 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
859 |
$154,935,000 |
$180,367 |
$986 |
2.83% |
| Not applicable |
26 |
$16,190,000 |
$622,692 |
$0 |
4.11% |
| Not provided |
12 |
$2,060,000 |
$171,667 |
$1,182 |
3.01% |
| Asian |
8 |
$1,060,000 |
$132,500 |
$1,023 |
2.61% |
| American Indian |
3 |
$465,000 |
$155,000 |
$870 |
2.96% |
| Black |
1 |
$35,000 |
$35,000 |
$0 |
9.25% |
Approval Rates
Total approvals of all applications
96.15%
Hometown Bank has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
94.15%
Hometown Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
909 |
$174,745,000 |
$192,239 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
909 |
$174,745,000 |
$192,239 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
83 |
$11,165,000 |
$134,518 |
$849 |
2.54% |
| 40-60% |
238 |
$37,060,000 |
$155,714 |
$810 |
2.70% |
| 60-80% |
428 |
$92,730,000 |
$216,659 |
$967 |
2.93% |
| 80-100% |
155 |
$32,395,000 |
$209,000 |
$1,391 |
3.13% |
| Over 100% |
2 |
$1,220,000 |
$610,000 |
$0 |
5.00% |
| Under 20% |
3 |
$175,000 |
$58,333 |
$825 |
2.58% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| HomeTown Lenders, LLC |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Hometown Bank |
105 Plaza Road Wautoma, WI 54982 |
Full Service B&M
|
$52,359 |
| Hometown Bank |
512 South Main Street Pardeeville, WI 53954 |
Full Service B&M
|
$38,620 |
| Hometown Bank |
80 Sheboygan Street Fond Du Lac, WI 54935 |
Full Service B&M
|
$111,877 |
| Hometown Bank |
846 North Main Street Neshkoro, WI 54960 |
Full Service B&M
|
$33,971 |
| Hometown Bank |
105 South Main Street Poynette, WI 53955 |
Full Service B&M
|
$80,317 |
| Hometown Bank |
10901 West Lake Point Drive Lodi, WI 53555 |
Limited, Drive-thru
|
$6,125 |
| Hometown Bank |
1200 Main Street Saint Cloud, WI 53079 |
Full Service B&M
|
$55,497 |
| Hometown Bank |
221 West Main Street Cambridge, WI 53523 |
Full Service B&M
|
$52,491 |
| Hometown Bank |
245 North Peters Avenue Fond Du Lac, WI 54935 |
Full Service B&M
|
$58,890 |
| Hometown Bank |
300 East Bannerman Avenue Redgranite, WI 54970 |
Full Service B&M
|
$17,027 |
| Hometown Bank |
4190 Boardwalk Court Appleton, WI 54914 |
Full Service B&M
|
$32,125 |
For 2021, Hometown Bank had 11 branches.
Yearly Performance Overview
Bank Income
Hometown Bank's gross interest income from loans was $20,697,000.
Hometown Bank's net interest income from loans was $20,016,000.
Hometown Bank's fee based income from loans was $647,000.
Hometown Bank's net income from loans was $9,191,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$681 |
| Provision for credit losses |
$1,904 |
| Total noninterest expense |
$13,981 |
| Salaries and employee benefits |
$8,263 |
| Premises and equipment expense |
$1,265 |
| Additional noninterest expense |
$4,453 |
| Applicable income taxes |
$3,310 |
| Net charge-offs |
$132 |
| Cash dividends |
$4,675 |
Hometown Bank's interest expense for loans was $681,000.
Hometown Bank's payroll and benefits expense were $8,263,000.
Hometown Bank's property, plant and equipment expenses $1,265,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$565,258 |
| Deposits held in domestic offices |
$565,258 |
| Deposits by Individuals, partnerships, and corporations |
$511,265 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$53,993 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$286,714 |
| Demand deposits |
$203,203 |
| Nontransaction accounts |
$278,544 |
| Money market deposit accounts (MMDAs) |
$153,965 |
| Other savings deposits (excluding MMDAs) |
$86,124 |
| Total time deposits |
$38,455 |
| Total time and savings deposits |
$362,055 |
| Noninterest-bearing deposits |
$203,203 |
| Interest-bearing deposits |
$362,055 |
| Retail deposits |
$562,388 |
| IRAs and Keogh plan accounts |
$6,952 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$657,686 |
| Cash & Balances due from depository institutions |
$165,965 |
| Interest-bearing balances |
$156,807 |
| Total securities |
$49,758 |
| Federal funds sold & reverse repurchase |
$515 |
| Net loans and leases |
$408,406 |
| Loan and leases loss allowance |
$7,837 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$8,282 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$9,446 |
| All other assets |
$15,314 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$657,686 |
| Total Liabilities |
$579,719 |
| Total deposits |
$565,258 |
| Interest-bearing deposits |
$362,055 |
| Deposits held in domestic offices |
$565,258 |
| % insured (estimated) |
$71 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$10,909 |
| Subordinated debt |
$0 |
| All other liabilities |
$3,552 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$408,406 |
| Loan and leases loss allowance |
$7,837 |
| Total loans and leases (domestic) |
$416,243 |
| All real estate loans |
$270,455 |
| Real estate loans in domestic offices |
$270,455 |
| Construction and development loans |
$24,673 |
| Residential 1-4 family construction |
$6,625 |
| Other construction, all land development and other land |
$18,048 |
| Loans secured by nonfarm nonresidential properties |
$144,772 |
| Nonfarm nonresidential secured by owner-occupied properties |
$118,408 |
| Commercial real estate & other non-farm, non-residential |
$26,364 |
| Multifamily residential real estate |
$29,834 |
| 1-4 family residential loans |
$65,588 |
| Farmland loans |
$5,588 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$1,683 |
| Commercial and industrial loans |
$134,216 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$1,317 |
| Credit card loans |
$118 |
| Related Plans |
$1 |
| Consumer Auto Loans |
$410 |
| Other loans to individuals |
$788 |
| All other loans & leases |
$8,572 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$3,914 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$284 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$0 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
Hometown Bank had $408,406,000 of loans outstanding in 2021. $270,455,000 of loans were in real estate loans.
$24,673,000 of loans were in development loans. $29,834,000 of loans were in multifamily mortgage loans.
$65,588,000 of loans were in 1-4 family mortgage loans. $1,683,000 of loans were in farm loans. $118,000
of loans were in credit card loans. $410,000 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 |
214 |
$52,728 |
$246,393 |
| Nonfarm, nonresidential loans - <$100k |
36 |
$1,210 |
$33,611 |
| Nonfarm, nonresidential loans - $100-250k |
57 |
$6,437 |
$112,930 |
| Nonfarm, nonresidential loans - $250k-1MM |
121 |
$45,081 |
$372,570 |
| Commercial & Industrial, US addressed loans - <$1MM |
232 |
$24,523 |
$105,703 |
| Commercial & Industrial, US addressed loans - <$100k |
92 |
$1,157 |
$12,576 |
| Commercial & Industrial, US addressed loans - $100-250k |
62 |
$4,800 |
$77,419 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
78 |
$18,566 |
$238,026 |
| Farmland loans - <$1MM |
37 |
$4,414 |
$119,297 |
| Farmland loans - <$100k |
13 |
$496 |
$38,154 |
| Farmland loans - $100-250k |
16 |
$1,758 |
$109,875 |
| Farmland loans - $250k-1MM |
8 |
$2,160 |
$270,000 |
| Agriculture operations loans - <$1MM |
15 |
$613 |
$40,867 |
| Agriculture operations loans - <$100k |
11 |
$129 |
$11,727 |
| Agriculture operations loans - $100-250k |
2 |
$206 |
$103,000 |
| Agriculture operations loans - $250k-1MM |
2 |
$278 |
$139,000 |
