Hometown Bank Mortgage Rates, Fees & Info

Fond du Lac, WI

LEI: 549300OSYCBC27271359

Tax ID: 39-0634490

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Mortgage Data

Bank Data

Review & Overview

Hometown Bank is a smaller bank specializing in Refi and Home Purchase loans. Hometown Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fond Du Lac, Madison, Milwaukee, Watertown, and Appleton 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.68% 3/28/24
30 Year Conventional Refi 6.38% 3/28/24
30 Year Cash-out Refi 6.53% 3/28/24
30 Year FHA Purchase 7.83% 3/28/24
15 Year Conventional Purchase 5.84% 3/28/24
15 Year Conventional Refi 5.76% 3/28/24
15 Year Cash-out Refi 5.76% 3/28/24
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.

Hometown Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Hometown Bank. 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

426

Origination Dollar Volume (All Markets)

$82,630,000

Employee count

97

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) 158 $33,130,000 $209,684 $0 0.00%
MADISON, WI (FHA|USDA|VA) 81 $16,235,000 $200,432 $0 0.00%
Outside of Metro Areas 89 $13,375,000 $150,281 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 21 $5,115,000 $243,571 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 22 $4,640,000 $210,909 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 11 $2,635,000 $239,545 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 10 $1,530,000 $153,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 9 $1,345,000 $149,444 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 7 $1,265,000 $180,714 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 6 $1,190,000 $198,333 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
Shawano, WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Hometown Bank's top markets include Fond Du Lac, Madison, Milwaukee, Watertown, and Appleton among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 426 $82,630,000 $193,967 $0 0.00%

    For 2019, Hometown Bank's most frequently originated type of loan was Conventional, with 426 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 199 $44,245,000 $222,337 $0 0.00%
    Home Purchase 131 $22,775,000 $173,855 $0 0.00%
    Cash Out Refi 90 $15,310,000 $170,111 $0 0.00%
    Home Improvement 3 $165,000 $55,000 $0 0.00%
    Other 3 $135,000 $45,000 $0 0.00%

    For 2019, Hometown Bank's most frequently cited loan purpose was Refi, with 199 originations. The 2nd most popular reason was Home Purchase, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 426 $82,630,000 $193,967 $0 0.00%

    For 2019, Hometown Bank's most frequently cited loan duration was Other, with 426 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 184 $26,960,000 $146,522 $0 0.00%
    $200k-400k 127 $34,035,000 $267,992 $0 0.00%
    $100,000 or less 89 $5,855,000 $65,787 $0 0.00%
    $400k-600k 20 $8,990,000 $449,500 $0 0.00%
    $1MM+ 3 $4,455,000 $1,485,000 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%

    2019 saw Hometown Bank place emphasis on $100k-200k loans with 184 originations, totaling $26,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 113 $17,415,000 $154,115 $0 0.00%
    $100k-150k 90 $19,640,000 $218,222 $0 0.00%
    $50k or less 79 $7,605,000 $96,266 $0 0.00%
    $75k-100k 68 $11,920,000 $175,294 $0 0.00%
    $150k-250k 42 $12,010,000 $285,952 $0 0.00%
    $250k+ 18 $10,120,000 $562,222 $0 0.00%

    Hometown Bank lent most frequently to those with incomes in the $50k-75k range, with 113 originations. The second most popular income band? $100k-150k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 426 $82,630,000 $193,967 $0 0.00%

    Hometown Bank lent most frequently to those with DTI ratios of Exempt%, with 426 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 404 $77,840,000 $192,673 $0 0.00%
    Not applicable 15 $3,585,000 $239,000 $0 0.00%
    Not provided 4 $640,000 $160,000 $0 0.00%
    Asian 2 $450,000 $225,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.49%

    Hometown Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.25%

    Hometown Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 426 $82,630,000 $193,967

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,940,000 $485,000
    Single Family (1-4 Units):Manufactured 21 $1,345,000 $64,048
    Single Family (1-4 Units):Site-Built 401 $79,345,000 $197,868

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HomeTown Lenders, LLC VA mortgage Closing on a mortgage 1 50.0%
    HomeTown Lenders, LLC FHA mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hometown Bank 105 Plaza Road Wautoma, WI 54982 Full Service B&M $33,247
    Hometown Bank 105 South Main Street Poynette, WI 53955 Full Service B&M $66,246
    Hometown Bank 10901 West Lake Point Drive Lodi, WI 53555 Full Service B&M $7,888
    Hometown Bank 1200 Main Street Saint Cloud, WI 53079 Full Service B&M $37,822
    Hometown Bank 221 West Main Street Cambridge, WI 53523 Full Service B&M $45,399
    Hometown Bank 245 North Peters Avenue Fond Du Lac, WI 54935 Full Service B&M $45,410
    Hometown Bank 300 East Bannerman Avenue Redgranite, WI 54970 Full Service B&M $13,561
    Hometown Bank 4190 Boardwalk Court Appleton, WI 54914 Full Service B&M $20,076
    Hometown Bank 512 South Main Street Pardeeville, WI 53954 Full Service B&M $31,326
    Hometown Bank 80 Sheboygan Street Fond Du Lac, WI 54935 Full Service B&M $64,903
    Hometown Bank 846 North Main Street Neshkoro, WI 54960 Full Service B&M $27,689

    For 2019, Hometown Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,447
    Net interest income $19,505
    Total noninterest income $3,905
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $717
    Trading account gains and fees $0
    Additional Noninterest Income $3,188
    Pre-tax net operating income $9,189
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,784
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,784
    Minority interest net income $0
    Net income $6,784
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,784

    Hometown Bank's gross interest income from loans was $22,447,000.
    Hometown Bank's net interest income from loans was $19,505,000.
    Hometown Bank's fee based income from loans was $717,000.
    Hometown Bank's net income from loans was $6,784,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,942
    Provision for credit losses $569
    Total noninterest expense $13,652
    Salaries and employee benefits $7,531
    Premises and equipment expense $1,124
    Additional noninterest expense $4,997
    Applicable income taxes $2,405
    Net charge-offs $70
    Cash dividends $2,837

    Hometown Bank's interest expense for loans was $2,942,000.
    Hometown Bank's payroll and benefits expense were $7,531,000.
    Hometown Bank's property, plant and equipment expenses $1,124,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.7%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $412,900
    Deposits held in domestic offices $412,900
    Deposits by Individuals, partnerships, and corporations $352,533
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,367
    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 $182,333
    Demand deposits $117,372
    Nontransaction accounts $230,567
    Money market deposit accounts (MMDAs) $116,088
    Other savings deposits (excluding MMDAs) $54,143
    Total time deposits $60,336
    Total time and savings deposits $295,528
    Noninterest-bearing deposits $117,372
    Interest-bearing deposits $295,528
    Retail deposits $400,772
    IRAs and Keogh plan accounts $7,584
    Brokered deposits $3,571
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $490,588
    Cash & Balances due from depository institutions $49,076
    Interest-bearing balances $36,806
    Total securities $20,692
    Federal funds sold & reverse repurchase $55
    Net loans and leases $387,885
    Loan and leases loss allowance $4,532
    Trading account assets $0
    Bank premises and fixed assets $8,672
    Other real estate owned $144
    Goodwill and other intangibles $9,792
    All other assets $14,272

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $490,588
    Total Liabilities $424,200
    Total deposits $412,900
    Interest-bearing deposits $295,528
    Deposits held in domestic offices $412,900
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,959
    Subordinated debt $0
    All other liabilities $3,341

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $387,885
    Loan and leases loss allowance $4,532
    Total loans and leases (domestic) $392,417
    All real estate loans $274,901
    Real estate loans in domestic offices $274,901
    Construction and development loans $26,414
    Residential 1-4 family construction $8,171
    Other construction, all land development and other land $18,243
    Loans secured by nonfarm nonresidential properties $134,175
    Nonfarm nonresidential secured by owner-occupied properties $99,180
    Commercial real estate & other non-farm, non-residential $34,995
    Multifamily residential real estate $33,782
    1-4 family residential loans $71,169
    Farmland loans $9,361
    Loans held in foreign offices $0
    Farm loans $2,604
    Commercial and industrial loans $105,489
    To non-U.S. addressees $0
    Loans to individuals $2,150
    Credit card loans $139
    Related Plans $9
    Consumer Auto Loans $694
    Other loans to individuals $1,308
    All other loans & leases $7,273
    Loans to foreign governments and official institutions $0
    Other loans $1,641
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    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 $387,885,000 of loans outstanding in 2019. $274,901,000 of loans were in real estate loans. $26,414,000 of loans were in development loans. $33,782,000 of loans were in multifamily mortgage loans. $71,169,000 of loans were in 1-4 family mortgage loans. $2,604,000 of loans were in farm loans. $139,000 of loans were in credit card loans. $694,000 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 238 $60,974 $256,193
    Nonfarm, nonresidential loans - <$100k 42 $1,726 $41,095
    Nonfarm, nonresidential loans - $100-250k 62 $7,508 $121,097
    Nonfarm, nonresidential loans - $250k-1MM 134 $51,740 $386,119
    Commercial & Industrial, US addressed loans - <$1MM 279 $32,453 $116,319
    Commercial & Industrial, US addressed loans - <$100k 128 $3,071 $23,992
    Commercial & Industrial, US addressed loans - $100-250k 61 $5,139 $84,246
    Commercial & Industrial, US addressed loans - $250k-1MM 90 $24,243 $269,367
    Farmland loans - <$1MM 69 $8,737 $126,623
    Farmland loans - <$100k 24 $902 $37,583
    Farmland loans - $100-250k 28 $3,085 $110,179
    Farmland loans - $250k-1MM 17 $4,750 $279,412
    Agriculture operations loans - <$1MM 20 $640 $32,000
    Agriculture operations loans - <$100k 16 $179 $11,188
    Agriculture operations loans - $100-250k 3 $450 $150,000
    Agriculture operations loans - $250k-1MM 1 $11 $11,000