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, Cash Out 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, Oshkosh, and Watertown among others. We have data for 21 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.

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    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

    909

    Origination Dollar Volume (All Markets)

    $174,745,000

    Employee count

    100 Show all (11) 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) 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.

    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: 128
    PROSPERA Credit Union
    Similarity Rank: 140
    The Stephenson National Bank and Trust
    Similarity Rank: 360
    UNITEDONE Credit Union
    Similarity Rank: 396
    DMB Community Bank
    Similarity Rank: 400
    Wolf River Community Bank
    Similarity Rank: 450
    The Bank of Kaukauna
    Similarity Rank: 484
    Dane County Credit Union
    Similarity Rank: 531
    BLC Community Bank
    Similarity Rank: 555
    Fox Valley Savings Bank
    Similarity Rank: 612

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 909 $174,745,000 $192,239 $989 2.87%

    For 2021, Hometown Bank's most frequently originated type of loan was Conventional, with 909 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Hometown Bank's most frequently cited loan purpose was Refi, with 437 originations. The 2nd most popular reason was 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 2021, Hometown Bank's most frequently cited loan duration was 30 Year, with 464 originations. The 2nd most popular length was 15 Year, with 281 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 873 $156,445,000 $179,204
    $1k-2k 6 $1,550,000 $258,333

    Hometown Bank's average total fees were $1,140, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.08%, while their most frequently originated rate bucket for loans was 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
    97.00%

    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
    95.27%

    Hometown Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    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 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
    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

    For 2021, Hometown Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,697
    Net interest income $20,016
    Total noninterest income $8,370
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $647
    Trading account gains and fees $0
    Additional Noninterest Income $7,723
    Pre-tax net operating income $12,501
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,191
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,191
    Minority interest net income $0
    Net income $9,191
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,191

    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.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    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