Hometown Bank Mortgage Rates, Fees & Info

Fond du Lac, WI

LEI: 549300OSYCBC27271359

Tax ID: 39-0634490

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

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  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Hometown Bank is a smaller bank specializing in Refi loans. Hometown Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fond Du Lac, Madison, Milwaukee, Appleton, and Green Bay among others. We have data for 24 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% 12/16/24
    30 Year Conventional Refi 6.38% 12/16/24
    30 Year Cash-out Refi 6.53% 12/16/24
    30 Year FHA Purchase 7.83% 12/16/24
    15 Year Conventional Purchase 5.84% 12/16/24
    15 Year Conventional Refi 5.76% 12/16/24
    15 Year Cash-out Refi 5.76% 12/16/24
    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

    1,108

    Origination Dollar Volume (All Markets)

    $202,690,000

    Employee count

    98 Show all (21) 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
    FOND DU LAC, WI (FHA|USDA|VA) 390 $71,650,000 $183,718 $852 2.86%
    MADISON, WI (FHA|USDA|VA) 193 $37,925,000 $196,503 $1,022 2.88%
    Outside of Metro Areas 202 $31,140,000 $154,158 $1,096 3.03%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 61 $13,205,000 $216,475 $867 2.80%
    APPLETON, WI (FHA|USDA|VA) 47 $8,785,000 $186,915 $904 2.78%
    GREEN BAY, WI (FHA|USDA|VA) 47 $8,755,000 $186,277 $848 2.90%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 36 $7,720,000 $214,444 $864 2.93%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 37 $6,925,000 $187,162 $879 2.88%
    Beaver Dam, WI (FHA|USDA|VA) 32 $4,790,000 $149,688 $804 3.02%
    SHEBOYGAN, WI (FHA|USDA|VA) 13 $2,455,000 $188,846 $1,009 2.87%
    Shawano, WI (FHA|USDA|VA) 10 $1,760,000 $176,000 $927 2.64%
    Whitewater, WI (FHA|USDA|VA) 8 $1,670,000 $208,750 $759 3.00%
    Baraboo, WI (FHA|USDA|VA) 7 $1,335,000 $190,714 $798 2.64%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 6 $1,190,000 $198,333 $925 2.60%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $585,000 $195,000 $840 2.67%
    Stevens Point, WI (FHA|USDA|VA) 2 $500,000 $250,000 $1,170 2.81%
    Manitowoc, WI (FHA|USDA|VA) 3 $495,000 $165,000 $1,014 2.58%
    Marinette, WI-MI (FHA|USDA|VA) 3 $415,000 $138,333 $1,403 2.91%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $345,000 $345,000 $961 3.13%
    Iron Mountain, MI-WI (FHA|USDA|VA) 2 $330,000 $165,000 $955 2.75%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $310,000 $155,000 $1,090 3.00%
    Platteville, WI (FHA|USDA|VA) 1 $195,000 $195,000 $553 2.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $870 2.63%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,204 2.75%
    Hometown Bank's top markets include Fond Du Lac, Madison, Milwaukee, Appleton, and Green Bay among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,108 $202,690,000 $182,933 $933 2.89%

    For 2020, Hometown Bank's most frequently originated type of loan was Conventional, with 1,108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 700 $129,850,000 $185,500 $749 2.83%
    Cash Out Refi 202 $34,000,000 $168,317 $933 2.86%
    Home Purchase 195 $37,265,000 $191,103 $1,641 3.13%
    Home Improvement 11 $1,575,000 $143,182 $880 3.08%

    For 2020, Hometown Bank's most frequently cited loan purpose was Refi, with 700 originations. The 2nd most popular reason was Cash Out Refi, with 202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 582 $117,270,000 $201,495 $998 2.98%
    15 Year 355 $57,245,000 $161,254 $852 2.54%
    20 Year 81 $12,955,000 $159,938 $794 2.95%
    10 Year 38 $5,530,000 $145,526 $845 2.98%
    Other 34 $6,530,000 $192,059 $974 3.81%
    5 Year 15 $2,395,000 $159,667 $1,598 4.84%
    1 Year 3 $765,000 $255,000 $1,921 4.83%

    For 2020, Hometown Bank's most frequently cited loan duration was 30 Year, with 582 originations. The 2nd most popular length was 15 Year, with 355 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,035 $190,375,000 $183,937
    $1k-2k 12 $3,260,000 $271,667
    $2k-3k 2 $760,000 $380,000
    $3k-4k 1 $215,000 $215,000

    Hometown Bank's average total fees were $998, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,035 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 552 $104,590,000 $189,475
    <2.5% 310 $50,940,000 $164,323
    3-4% 205 $40,495,000 $197,537
    5-6% 22 $3,380,000 $153,636
    4-5% 17 $3,145,000 $185,000
    6-7% 1 $85,000 $85,000
    Over 8% 1 $55,000 $55,000

    During 2020, Hometown Bank's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 552 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 539 $79,295,000 $147,115 $883 2.79%
    $200k-400k 345 $92,435,000 $267,928 $996 2.93%
    $100,000 or less 189 $14,555,000 $77,011 $928 3.08%
    $400k-600k 33 $14,515,000 $439,848 $1,065 2.94%
    $1MM+ 1 $1,225,000 $1,225,000 $0 5.13%
    $600k-1MM 1 $665,000 $665,000 $2,124 2.75%

    2020 saw Hometown Bank place emphasis on $100k-200k loans with 539 originations, totaling $79,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 267 $56,725,000 $212,453 $931 2.86%
    $50k-75k 253 $38,005,000 $150,217 $984 2.90%
    $75k-100k 209 $37,235,000 $178,158 $846 2.85%
    $50k or less 166 $18,870,000 $113,675 $941 3.07%
    $150k-250k 135 $33,275,000 $246,481 $946 2.76%
    $250k+ 40 $10,620,000 $265,500 $1,056 2.86%

    Hometown Bank lent most frequently to those with incomes in the $100k-150k range, with 267 originations. The second most popular income band? $50k-75k, with 253 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 348 $60,640,000 $174,253 $889 2.84%
    30-36% 211 $38,365,000 $181,825 $962 2.88%
    <20% 187 $33,175,000 $177,406 $856 2.77%
    38% 35 $7,135,000 $203,857 $1,027 2.86%
    36% 34 $6,080,000 $178,824 $961 2.91%
    43% 33 $5,625,000 $170,455 $963 2.98%
    39% 32 $6,660,000 $208,125 $1,131 3.18%
    40% 32 $6,110,000 $190,938 $1,126 2.80%
    44% 30 $5,930,000 $197,667 $1,085 3.06%
    41% 26 $4,120,000 $158,462 $1,105 2.79%
    37% 25 $4,425,000 $177,000 $823 2.80%
    42% 24 $5,220,000 $217,500 $838 2.85%
    46% 22 $4,350,000 $197,727 $990 3.00%
    48% 16 $3,080,000 $192,500 $901 2.81%
    45% 14 $2,250,000 $160,714 $1,091 2.91%
    47% 13 $2,815,000 $216,538 $1,060 3.18%
    49% 12 $2,700,000 $225,000 $802 2.79%
    50-60% 4 $850,000 $212,500 $1,166 5.77%
    >60% 1 $55,000 $55,000 $0 6.00%

    Hometown Bank lent most frequently to those with DTI ratios of 20-30%, with 348 originations. The next most common DTI ratio? 30-36%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 938 $165,770,000 $176,727 $963 2.88%
    Asian 135 $30,235,000 $223,963 $744 2.86%
    Not applicable 9 $3,105,000 $345,000 $0 4.51%
    Black 15 $1,825,000 $121,667 $914 3.05%
    Not provided 8 $1,130,000 $141,250 $729 2.72%
    American Indian 3 $625,000 $208,333 $1,378 2.79%

    Approval Rates

    Total approvals of all applications
    96.71%

    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
    94.22%

    Hometown Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,108 $202,690,000 $182,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,075,000 $358,333
    Single Family (1-4 Units):Manufactured 15 $1,635,000 $109,000
    Single Family (1-4 Units):Site-Built 1,090 $199,980,000 $183,468

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $9,330,000 $126,081 $877 2.70%
    40-60% 263 $40,795,000 $155,114 $817 2.78%
    60-80% 539 $104,735,000 $194,314 $890 2.92%
    80-100% 226 $45,810,000 $202,699 $1,176 2.99%
    Over 100% 3 $1,755,000 $585,000 $0 4.33%
    Under 20% 3 $265,000 $88,333 $995 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HomeTown Lenders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    HomeTown Lenders, LLC Other type of 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 $52,438
    Hometown Bank 105 South Main Street Poynette, WI 53955 Full Service B&M $69,285
    Hometown Bank 10901 West Lake Point Drive Lodi, WI 53555 Full Service B&M $5,918
    Hometown Bank 1200 Main Street Saint Cloud, WI 53079 Full Service B&M $48,960
    Hometown Bank 221 West Main Street Cambridge, WI 53523 Full Service B&M $45,561
    Hometown Bank 245 North Peters Avenue Fond Du Lac, WI 54935 Full Service B&M $52,033
    Hometown Bank 300 East Bannerman Avenue Redgranite, WI 54970 Full Service B&M $15,609
    Hometown Bank 4190 Boardwalk Court Appleton, WI 54914 Full Service B&M $34,803
    Hometown Bank 512 South Main Street Pardeeville, WI 53954 Full Service B&M $33,863
    Hometown Bank 80 Sheboygan Street Fond Du Lac, WI 54935 Full Service B&M $101,837
    Hometown Bank 846 North Main Street Neshkoro, WI 54960 Full Service B&M $30,397

    For 2020, Hometown Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,004
    Net interest income $18,542
    Total noninterest income $8,330
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $621
    Trading account gains and fees $0
    Additional Noninterest Income $7,709
    Pre-tax net operating income $10,639
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,147
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,147
    Minority interest net income $0
    Net income $8,147
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,147

    Hometown Bank's gross interest income from loans was $20,004,000.
    Hometown Bank's net interest income from loans was $18,542,000.
    Hometown Bank's fee based income from loans was $621,000.
    Hometown Bank's net income from loans was $8,147,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,462
    Provision for credit losses $1,417
    Total noninterest expense $14,816
    Salaries and employee benefits $8,597
    Premises and equipment expense $1,257
    Additional noninterest expense $4,962
    Applicable income taxes $2,492
    Net charge-offs $-116
    Cash dividends $860

    Hometown Bank's interest expense for loans was $1,462,000.
    Hometown Bank's payroll and benefits expense were $8,597,000.
    Hometown Bank's property, plant and equipment expenses $1,257,000.

    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $515,791
    Deposits held in domestic offices $515,791
    Deposits by Individuals, partnerships, and corporations $463,637
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,154
    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 $259,893
    Demand deposits $177,007
    Nontransaction accounts $255,898
    Money market deposit accounts (MMDAs) $133,219
    Other savings deposits (excluding MMDAs) $71,993
    Total time deposits $50,686
    Total time and savings deposits $338,784
    Noninterest-bearing deposits $177,007
    Interest-bearing deposits $338,784
    Retail deposits $506,455
    IRAs and Keogh plan accounts $6,362
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $604,268
    Cash & Balances due from depository institutions $121,497
    Interest-bearing balances $110,034
    Total securities $24,801
    Federal funds sold & reverse repurchase $51
    Net loans and leases $424,684
    Loan and leases loss allowance $6,065
    Trading account assets $0
    Bank premises and fixed assets $8,498
    Other real estate owned $144
    Goodwill and other intangibles $8,935
    All other assets $15,658

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $604,268
    Total Liabilities $530,322
    Total deposits $515,791
    Interest-bearing deposits $338,784
    Deposits held in domestic offices $515,791
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,935
    Subordinated debt $0
    All other liabilities $4,596

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $424,684
    Loan and leases loss allowance $6,065
    Total loans and leases (domestic) $430,749
    All real estate loans $259,878
    Real estate loans in domestic offices $259,878
    Construction and development loans $16,471
    Residential 1-4 family construction $7,570
    Other construction, all land development and other land $8,901
    Loans secured by nonfarm nonresidential properties $144,425
    Nonfarm nonresidential secured by owner-occupied properties $116,534
    Commercial real estate & other non-farm, non-residential $27,891
    Multifamily residential real estate $29,951
    1-4 family residential loans $62,367
    Farmland loans $6,664
    Loans held in foreign offices $0
    Farm loans $2,034
    Commercial and industrial loans $159,002
    To non-U.S. addressees $0
    Loans to individuals $1,822
    Credit card loans $126
    Related Plans $8
    Consumer Auto Loans $545
    Other loans to individuals $1,143
    All other loans & leases $8,013
    Loans to foreign governments and official institutions $0
    Other loans $3,781
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $325
    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 $424,684,000 of loans outstanding in 2020. $259,878,000 of loans were in real estate loans. $16,471,000 of loans were in development loans. $29,951,000 of loans were in multifamily mortgage loans. $62,367,000 of loans were in 1-4 family mortgage loans. $2,034,000 of loans were in farm loans. $126,000 of loans were in credit card loans. $545,000 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 226 $56,422 $249,655
    Nonfarm, nonresidential loans - <$100k 40 $1,433 $35,825
    Nonfarm, nonresidential loans - $100-250k 60 $7,140 $119,000
    Nonfarm, nonresidential loans - $250k-1MM 126 $47,849 $379,754
    Commercial & Industrial, US addressed loans - <$1MM 459 $43,000 $93,682
    Commercial & Industrial, US addressed loans - <$100k 262 $6,534 $24,939
    Commercial & Industrial, US addressed loans - $100-250k 87 $6,424 $73,839
    Commercial & Industrial, US addressed loans - $250k-1MM 110 $30,042 $273,109
    Farmland loans - <$1MM 49 $5,901 $120,429
    Farmland loans - <$100k 17 $608 $35,765
    Farmland loans - $100-250k 21 $2,234 $106,381
    Farmland loans - $250k-1MM 11 $3,059 $278,091
    Agriculture operations loans - <$1MM 18 $865 $48,056
    Agriculture operations loans - <$100k 13 $80 $6,154
    Agriculture operations loans - $100-250k 3 $335 $111,667
    Agriculture operations loans - $250k-1MM 2 $450 $225,000