Homeland Credit Union Mortgage Rates, Fees & Info

CHILLICOTHE, OH

LEI: 549300R1M9F3KHD4D911

Tax ID: 31-0395830

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

Jump to:

  • 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)

    • Review & Overview

    Homeland Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Homeland Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chillicothe, Columbus, Washington Court House, Jackson, and Portsmouth among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Homeland Credit Union 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. Homeland Credit Union 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 7.06% 5/4/24
    30 Year Conventional Refi 6.92% 5/4/24
    30 Year Cash-out Refi 6.87% 5/4/24
    30 Year USDA Purchase 6.27% 5/4/24
    15 Year Conventional Purchase 6.21% 5/4/24
    15 Year Conventional Refi 6.05% 5/4/24
    15 Year Cash-out Refi 6.05% 5/4/24
    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.

    Homeland Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Homeland Credit Union. 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

    77

    Origination Dollar Volume (All Markets)

    $9,235,000

    Awards

    HOMELAND CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) 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
    Chillicothe, OH (FHA|USDA|VA) 54 $6,110,000 $113,148 $2,695 3.67%
    Outside of Metro Areas 11 $1,425,000 $129,545 $2,965 3.88%
    COLUMBUS, OH (FHA|USDA|VA) 6 $980,000 $163,333 $2,839 3.87%
    Washington Court House, OH (FHA|USDA|VA) 2 $330,000 $165,000 $3,070 3.25%
    Jackson, OH (FHA|USDA|VA) 2 $200,000 $100,000 $2,817 4.74%
    Portsmouth, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,938 3.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $55,000 $55,000 $2,503 4.38%
    Homeland Credit Union's top markets include Chillicothe, Columbus, Washington Court House, Jackson, and Portsmouth among others.

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

    • Similar Lenders

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

    HOMELAND CREDIT UNION, INC.
    Similarity Rank: 49
    LCNB National Bank
    Similarity Rank: 72
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 98
    WesBanco
    Similarity Rank: 1078
    Mortgage Research Center, LLC
    Similarity Rank: 2760
    Hometown Lenders, Inc.
    Similarity Rank: 4214
    The Huntington National Bank
    Similarity Rank: 6244
    Fifth Third Bank
    Similarity Rank: 6783
    LENDUS, LLC
    Similarity Rank: 7192
    DAS Acquisition Company, LLC
    Similarity Rank: 7890

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $9,100,000 $119,737 $2,758 3.74%
    VA 1 $135,000 $135,000 $2,799 3.88%

    For 2019, Homeland Credit Union's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 31 $3,845,000 $124,032 $2,714 3.60%
    Home Purchase 30 $3,590,000 $119,667 $2,892 4.01%
    Refi 12 $1,290,000 $107,500 $2,606 3.48%
    Other 4 $510,000 $127,500 $2,554 3.62%

    For 2019, Homeland Credit Union's most frequently cited loan purpose was Cash Out Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 34 $4,460,000 $131,176 $2,864 4.35%
    10 Year 25 $2,325,000 $93,000 $2,540 2.97%
    15 Year 14 $1,990,000 $142,143 $2,895 3.46%
    20 Year 4 $460,000 $115,000 $2,746 4.34%

    For 2019, Homeland Credit Union's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 10 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 77 $9,235,000 $119,935

    Homeland Credit Union's average total fees were $2,864, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 30 $4,030,000 $134,333
    2.5-3% 24 $2,290,000 $95,417
    4-5% 18 $2,440,000 $135,556
    6-7% 3 $285,000 $95,000
    <2.5% 1 $35,000 $35,000
    5-6% 1 $155,000 $155,000

    During 2019, Homeland Credit Union's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 3-4%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 39 $5,635,000 $144,487 $2,883 3.82%
    $100,000 or less 33 $2,375,000 $71,970 $2,580 3.66%
    $200k-400k 5 $1,225,000 $245,000 $2,967 3.72%

    2019 saw Homeland Credit Union place emphasis on $100k-200k loans with 39 originations, totaling $5,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $2,135,000 $92,826 $2,633 3.96%
    $75k-100k 20 $2,840,000 $142,000 $2,746 3.94%
    $50k-75k 19 $2,115,000 $111,316 $2,857 3.51%
    $100k-150k 10 $1,170,000 $117,000 $2,735 3.33%
    $150k-250k 5 $975,000 $195,000 $3,056 3.65%

    Homeland Credit Union lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 19 $2,315,000 $121,842 $2,712 3.67%
    30-36% 17 $2,025,000 $119,118 $2,820 4.12%
    <20% 11 $1,045,000 $95,000 $2,671 3.45%
    42% 5 $615,000 $123,000 $2,870 3.27%
    45% 4 $620,000 $155,000 $2,840 3.84%
    38% 4 $420,000 $105,000 $2,706 3.15%
    36% 3 $315,000 $105,000 $2,803 4.88%
    40% 3 $415,000 $138,333 $2,984 3.91%
    41% 2 $220,000 $110,000 $2,831 4.12%
    37% 2 $220,000 $110,000 $2,491 2.99%
    39% 2 $280,000 $140,000 $2,751 3.74%
    46% 1 $305,000 $305,000 $3,122 4.49%
    47% 1 $85,000 $85,000 $2,956 4.50%
    48% 1 $105,000 $105,000 $2,417 2.99%
    49% 1 $105,000 $105,000 $2,425 2.99%
    50-60% 1 $145,000 $145,000 $2,569 2.99%

    Homeland Credit Union lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $8,920,000 $120,541 $2,761 3.75%
    Not provided 2 $190,000 $95,000 $2,632 3.68%
    Black 1 $125,000 $125,000 $2,836 3.25%

    Approval Rates

    Total approvals of all applications
    94.38%

    Homeland Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.91%

    Homeland Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 77 $9,235,000 $119,935

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $860,000 $107,500
    Single Family (1-4 Units):Site-Built 69 $8,375,000 $121,377

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $315,000 $63,000 $2,434 3.19%
    40-60% 17 $1,465,000 $86,176 $2,587 3.48%
    60-80% 33 $4,295,000 $130,152 $2,743 3.84%
    80-100% 21 $3,055,000 $145,476 $3,030 3.91%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Home Loan Center, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 42.9%
    Home Loan Center, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 28.6%
    Home Loan Center, Inc. Other type of mortgage Credit monitoring or identity theft protection services 1 14.3%
    Home Loan Center, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%