Hometown Equity Mortgage Rates, Fees & Info

Clayton, MO

LEI: 549300RA3E0BUFO7YZ21

Tax ID: 43-1937428

1 stars - Updated: 4/18/24 - out of 5 stars, based on 55 reviews

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

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Mortgage Data

Review & Overview

Hometown Equity Mortgage is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Hometown Equity Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, New York, Miami, Riverside, and San Diego among others. We have data for 273 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hometown Equity Mortgage has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hometown Equity Mortgage is typically a high 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 relatively high 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 8.28% 4/18/24
30 Year Conventional Refi 7.48% 4/18/24
30 Year Cash-out Refi 7.84% 4/18/24
30 Year FHA Purchase 7.72% 4/18/24
30 Year FHA Refi 7.10% 4/18/24
30 Year VA Purchase 6.40% 4/18/24
30 Year VA Refi 5.96% 4/18/24
30 Year USDA Purchase 6.81% 4/18/24
30 Year USDA Refi 6.27% 4/18/24
15 Year Conventional Purchase 6.25% 4/18/24
15 Year Conventional Refi 6.15% 4/18/24
15 Year Cash-out Refi 6.15% 4/18/24
15 Year FHA Purchase 7.21% 4/18/24
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 Equity Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Hometown Equity Mortgage. 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

3,034

Origination Dollar Volume (All Markets)

$1,279,080,000

Awards

Hometown Equity Mortgage FHA Loans silver Hometown Equity Mortgage FHA Loans bronze Hometown Equity Mortgage VA Loans bronze
Show all (3) awards

Relative Rate

Hometown Equity Mortgage's average 30 year fixed mortgage rate was 8.47%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.99%.

Relative Fees (Closing Costs)

Hometown Equity Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $15,772.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 295 $188,025,000 $637,373 $21,833 8.43%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 243 $156,605,000 $644,465 $26,102 8.96%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 296 $131,920,000 $445,676 $20,298 8.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 212 $93,880,000 $442,830 $14,833 7.66%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 75 $50,345,000 $671,267 $18,693 8.40%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 114 $47,080,000 $412,982 $15,287 8.52%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 93 $37,955,000 $408,118 $15,460 8.24%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 84 $28,360,000 $337,619 $16,992 8.57%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 92 $24,390,000 $265,109 $12,058 8.69%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 28 $19,270,000 $688,214 $11,741 8.80%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 45 $18,075,000 $401,667 $13,493 8.65%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 21 $16,815,000 $800,714 $21,428 7.90%
Sevierville, TN (FHA|USDA|VA) 30 $16,770,000 $559,000 $15,852 8.25%
Outside of Metro Areas 49 $15,925,000 $325,000 $13,127 8.56%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 44 $15,090,000 $342,955 $12,038 8.37%
PORT ST. LUCIE, FL (FHA|USDA|VA) 37 $14,095,000 $380,946 $15,245 7.93%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 30 $13,430,000 $447,667 $11,039 9.02%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 30 $12,740,000 $424,667 $0 9.47%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 30 $12,700,000 $423,333 $22,227 8.80%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 37 $12,655,000 $342,027 $15,855 8.47%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 21 $10,935,000 $520,714 $0 8.84%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 18 $10,550,000 $586,111 $41,874 8.74%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 39 $9,775,000 $250,641 $0 9.16%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 22 $9,410,000 $427,727 $19,467 8.98%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 22 $8,520,000 $387,273 $10,805 8.22%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 32 $7,710,000 $240,938 $13,086 8.97%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 35 $7,645,000 $218,429 $9,824 8.55%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 27 $7,015,000 $259,815 $11,200 8.96%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 14 $7,010,000 $500,714 $0 9.37%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $6,965,000 $535,769 $19,520 7.05%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 19 $6,215,000 $327,105 $15,317 9.10%
SALINAS, CA (FHA|USDA|VA) 9 $6,005,000 $667,222 $18,042 8.15%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 17 $5,905,000 $347,353 $25,212 8.55%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 26 $5,710,000 $219,615 $9,286 7.22%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 18 $5,700,000 $316,667 $12,550 9.03%
MODESTO, CA (FHA|USDA|VA) 15 $5,415,000 $361,000 $10,049 8.24%
BAKERSFIELD, CA (FHA|USDA|VA) 24 $5,310,000 $221,250 $14,045 7.51%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $5,185,000 $576,111 $8,316 8.97%
JACKSONVILLE, FL (FHA|USDA|VA) 20 $5,180,000 $259,000 $8,379 8.68%
STOCKTON, CA (FHA|USDA|VA) 13 $5,095,000 $391,923 $14,214 8.10%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 13 $4,945,000 $380,385 $0 9.05%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $4,750,000 $395,833 $11,990 8.49%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 19 $4,485,000 $236,053 $0 9.37%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 12 $4,080,000 $340,000 $8,711 8.57%
Key West, FL (FHA|USDA|VA) 3 $4,055,000 $1,351,667 $0 8.54%
KNOXVILLE, TN (FHA|USDA|VA) 17 $3,755,000 $220,882 $5,364 8.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $3,695,000 $284,231 $11,408 8.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 11 $3,615,000 $328,636 $11,669 8.91%
RENO, NV (FHA|USDA|VA) 5 $3,425,000 $685,000 $11,578 7.70%
URBAN HONOLULU, HI (FHA|USDA|VA) 9 $3,415,000 $379,444 $0 8.81%
RICHMOND, VA (FHA|USDA|VA) 13 $3,355,000 $258,077 $0 9.07%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 14 $3,300,000 $235,714 $11,985 9.11%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $3,300,000 $550,000 $0 9.35%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $3,290,000 $329,000 $0 8.94%
ALBANY, GA (FHA|USDA|VA) 20 $3,250,000 $162,500 $0 10.49%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 16 $3,200,000 $200,000 $16,920 9.45%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 17 $2,965,000 $174,412 $0 9.26%
KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $2,955,000 $422,143 $0 9.04%
SALT LAKE CITY, UT (FHA|USDA|VA) 10 $2,900,000 $290,000 $9,770 8.64%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 14 $2,820,000 $201,429 $5,612 8.87%
VALLEJO, CA (FHA|USDA|VA) 5 $2,805,000 $561,000 $13,413 8.43%
Hilo, HI (FHA|USDA|VA) 6 $2,710,000 $451,667 $0 8.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 13 $2,655,000 $204,231 $14,693 8.40%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 13 $2,645,000 $203,462 $6,486 8.71%
OCALA, FL (FHA|USDA|VA) 10 $2,530,000 $253,000 $9,864 7.01%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 10 $2,530,000 $253,000 $10,391 6.71%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 10 $2,520,000 $252,000 $14,273 9.03%
PROVO-OREM, UT (FHA|USDA|VA) 5 $2,475,000 $495,000 $9,481 7.58%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $2,435,000 $221,364 $0 9.17%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 4 $2,340,000 $585,000 $0 8.53%
BATON ROUGE, LA (FHA|USDA|VA) 11 $2,295,000 $208,636 $10,966 6.94%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $2,285,000 $326,429 $18,807 8.18%
Edwards, CO (FHA|USDA|VA) 2 $2,200,000 $1,100,000 $0 8.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $2,200,000 $1,100,000 $0 8.81%
FRESNO, CA (FHA|USDA|VA) 7 $2,155,000 $307,857 $14,511 7.30%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $0 8.31%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,935,000 $645,000 $21,953 7.42%
Ukiah, CA (FHA|USDA|VA) 2 $1,920,000 $960,000 $0 8.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 12 $1,910,000 $159,167 $9,642 7.02%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 9 $1,875,000 $208,333 $22,063 9.10%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,875,000 $1,875,000 $0 7.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,855,000 $371,000 $0 9.75%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,770,000 $442,500 $0 8.25%
PITTSBURGH, PA (FHA|USDA|VA) 6 $1,680,000 $280,000 $5,600 8.56%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,665,000 $555,000 $0 8.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,575,000 $315,000 $0 8.57%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $1,540,000 $385,000 $4,657 8.41%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $1,520,000 $253,333 $0 8.77%
ST. GEORGE, UT (FHA|USDA|VA) 2 $1,500,000 $750,000 $32,998 8.44%
LOUISVILLE, KY (FHA|USDA|VA) 4 $1,380,000 $345,000 $0 9.25%
MERCED, CA (FHA|USDA|VA) 5 $1,355,000 $271,000 $10,968 7.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $1,275,000 $425,000 $0 9.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 8 $1,260,000 $157,500 $8,696 7.98%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,135,000 $227,000 $9,827 8.78%
COLUMBIA, SC (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $33,825 8.75%
AKRON, OH (FHA|USDA|VA) 5 $1,105,000 $221,000 $13,116 7.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,095,000 $219,000 $7,883 8.68%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 10.22%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $1,085,000 $361,667 $0 9.13%
Cedartown, GA (FHA|USDA|VA) 3 $1,075,000 $358,333 $13,512 6.92%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,065,000 $355,000 $0 8.96%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $1,035,000 $345,000 $15,850 6.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $1,030,000 $257,500 $17,520 8.13%
GAINESVILLE, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $23,787 9.22%
VISALIA, CA (FHA|USDA|VA) 4 $1,010,000 $252,500 $11,426 7.94%
COLUMBUS, OH (FHA|USDA|VA) 6 $1,010,000 $168,333 $8,164 8.67%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $970,000 $242,500 $15,751 7.81%
SAVANNAH, GA (FHA|USDA|VA) 2 $950,000 $475,000 $0 8.19%
THE VILLAGES, FL (FHA|USDA|VA) 5 $945,000 $189,000 $0 8.45%
Cullman, AL (FHA|USDA|VA) 2 $930,000 $465,000 $16,229 7.69%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $890,000 $222,500 $11,442 7.84%
Jefferson, GA (FHA|USDA|VA) 2 $880,000 $440,000 $0 10.44%
Breckenridge, CO (FHA|USDA|VA) 1 $845,000 $845,000 $0 9.50%
PANAMA CITY, FL (FHA|USDA|VA) 2 $830,000 $415,000 $0 8.38%
Newport, OR (FHA|USDA|VA) 1 $745,000 $745,000 $45,359 6.75%
SALEM, OR (FHA|USDA|VA) 2 $720,000 $360,000 $15,653 7.06%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $715,000 $238,333 $6,965 7.50%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $695,000 $139,000 $0 9.55%
WACO, TX (FHA|USDA|VA) 3 $695,000 $231,667 $13,433 7.92%
Lebanon, NH-VT (FHA|USDA|VA) 3 $685,000 $228,333 $0 8.67%
Georgetown, SC (FHA|USDA|VA) 2 $680,000 $340,000 $0 9.56%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $675,000 $225,000 $0 9.63%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $665,000 $665,000 $0 9.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $660,000 $165,000 $0 8.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $655,000 $655,000 $0 9.75%
NAPA, CA (FHA|USDA|VA) 1 $655,000 $655,000 $0 9.63%
Newport, TN (FHA|USDA|VA) 1 $645,000 $645,000 $9,126 7.50%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $635,000 $635,000 $0 8.38%
Shelton, WA (FHA|USDA|VA) 2 $600,000 $300,000 $0 8.69%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $590,000 $295,000 $0 8.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $585,000 $585,000 $7,033 6.50%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $585,000 $585,000 $0 9.88%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $565,000 $188,333 $0 9.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $560,000 $280,000 $13,554 8.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $545,000 $545,000 $11,015 8.75%
Wilmington, OH (FHA|USDA|VA) 2 $520,000 $260,000 $11,919 6.63%
Outside of Metro Areas 2 $520,000 $260,000 $0 11.25%
JACKSON, MS (FHA|USDA|VA) 2 $510,000 $255,000 $7,183 8.50%
ANN ARBOR, MI (FHA|USDA|VA) 1 $505,000 $505,000 $0 9.13%
GREELEY, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.38%
EL PASO, TX (FHA|USDA|VA) 2 $500,000 $250,000 $12,745 8.31%
KINGSTON, NY (FHA|USDA|VA) 2 $490,000 $245,000 $0 8.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $485,000 $161,667 $0 9.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $485,000 $485,000 $0 8.00%
Sheridan, WY (FHA|USDA|VA) 1 $485,000 $485,000 $0 10.00%
BOULDER, CO (FHA|USDA|VA) 1 $485,000 $485,000 $19,621 5.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $480,000 $240,000 $0 9.19%
CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $475,000 $158,333 $8,973 6.46%
New Castle, PA (FHA|USDA|VA) 1 $475,000 $475,000 $8,271 5.63%
Morehead City, NC (FHA|USDA|VA) 2 $470,000 $235,000 $0 8.38%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $470,000 $235,000 $8,362 6.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $460,000 $230,000 $0 9.19%
TULSA, OK (FHA|USDA|VA) 3 $455,000 $151,667 $0 9.04%
Cedar City, UT (FHA|USDA|VA) 1 $455,000 $455,000 $0 9.25%
Bennington, VT (FHA|USDA|VA) 1 $455,000 $455,000 $0 10.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $445,000 $445,000 $0 9.50%
Laurel, MS (FHA|USDA|VA) 1 $435,000 $435,000 $0 10.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $430,000 $215,000 $0 9.06%
MADERA, CA (FHA|USDA|VA) 2 $420,000 $210,000 $10,212 8.56%
BOISE CITY, ID (FHA|USDA|VA) 1 $415,000 $415,000 $0 9.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $410,000 $205,000 $0 9.50%
Port Lavaca, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.13%
The Dalles, OR (FHA|USDA|VA) 1 $395,000 $395,000 $11,363 7.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $395,000 $395,000 $0 8.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $390,000 $195,000 $0 10.44%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $390,000 $195,000 $19,868 7.81%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $385,000 $385,000 $0 7.13%
Fernley, NV (FHA|USDA|VA) 1 $385,000 $385,000 $11,316 5.75%
TUCSON, AZ (FHA|USDA|VA) 2 $380,000 $190,000 $11,601 7.19%
LANCASTER, PA (FHA|USDA|VA) 2 $370,000 $185,000 $0 10.37%
Oneonta, NY (FHA|USDA|VA) 2 $370,000 $185,000 $0 8.56%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $365,000 $365,000 $0 8.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $365,000 $365,000 $0 9.75%
SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $0 8.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $350,000 $175,000 $7,792 6.88%
FLORENCE, SC (FHA|USDA|VA) 2 $350,000 $175,000 $11,214 10.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $345,000 $345,000 $9,643 6.63%
CHICO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $17,901 6.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $345,000 $115,000 $0 7.38%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $345,000 $345,000 $11,029 7.50%
BEND, OR (FHA|USDA|VA) 1 $325,000 $325,000 $0 8.25%
Shelby, NC (FHA|USDA|VA) 1 $325,000 $325,000 $0 7.38%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $320,000 $160,000 $8,458 6.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $320,000 $160,000 $0 9.63%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.88%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $310,000 $155,000 $9,228 6.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.25%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $300,000 $150,000 $0 9.06%
Stephenville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.13%
Hudson, NY (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.50%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $290,000 $145,000 $8,588 7.81%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $290,000 $145,000 $0 8.63%
Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.75%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $285,000 $285,000 $8,767 7.63%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.88%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.00%
Bogalusa, LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 9.75%
KANKAKEE, IL (FHA|USDA|VA) 1 $275,000 $275,000 $0 9.00%
Salem, OH (FHA|USDA|VA) 2 $270,000 $135,000 $7,928 7.44%
JACKSON, TN (FHA|USDA|VA) 1 $265,000 $265,000 $12,939 6.50%
Statesboro, GA (FHA|USDA|VA) 2 $260,000 $130,000 $7,881 7.81%
EL CENTRO, CA (FHA|USDA|VA) 2 $260,000 $130,000 $6,107 7.81%
Orangeburg, SC (FHA|USDA|VA) 2 $260,000 $130,000 $0 9.88%
Coos Bay, OR (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.99%
Bozeman, MT (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.63%
Kapaa, HI (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,692 5.63%
Lufkin, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 10.38%
Urbana, OH (FHA|USDA|VA) 2 $250,000 $125,000 $7,724 6.88%
Pahrump, NV (FHA|USDA|VA) 1 $245,000 $245,000 $4,450 6.75%
Fort Payne, AL (FHA|USDA|VA) 1 $245,000 $245,000 $0 10.13%
Ellensburg, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.88%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $245,000 $245,000 $0 9.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.00%
Clearlake, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 10.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $230,000 $115,000 $0 10.06%
LOGAN, UT-ID (FHA|USDA|VA) 1 $225,000 $225,000 $0 10.63%
CORVALLIS, OR (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.63%
LaGrange, GA-AL (FHA|USDA|VA) 1 $225,000 $225,000 $12,322 6.38%
PUEBLO, CO (FHA|USDA|VA) 2 $220,000 $110,000 $4,172 7.25%
BRUNSWICK, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $210,000 $105,000 $0 8.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.75%
Keene, NH (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.38%
NILES, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 11.13%
ROCHESTER, NY (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.38%
ROANOKE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.75%
ROME, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.13%
Payson, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.00%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.50%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.13%
Thomaston, GA (FHA|USDA|VA) 1 $185,000 $185,000 $6,178 6.13%
Gainesville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $10,964 7.25%
Gloversville, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.75%
DALTON, GA (FHA|USDA|VA) 1 $185,000 $185,000 $7,517 7.75%
Concord, NH (FHA|USDA|VA) 1 $185,000 $185,000 $0 12.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $175,000 $175,000 $9,092 6.50%
MANSFIELD, OH (FHA|USDA|VA) 1 $175,000 $175,000 $9,870 6.25%
Washington Court House, OH (FHA|USDA|VA) 1 $175,000 $175,000 $10,243 6.75%
Rockingham, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,160 5.63%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $165,000 $165,000 $10,343 7.00%
Fremont, OH (FHA|USDA|VA) 1 $165,000 $165,000 $9,441 6.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.13%
LUBBOCK, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.13%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.25%
Palatka, FL (FHA|USDA|VA) 1 $155,000 $155,000 $8,821 7.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.63%
BELLINGHAM, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.50%
Ashland, OH (FHA|USDA|VA) 1 $155,000 $155,000 $8,998 5.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.75%
DECATUR, IL (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.50%
Martinsville, VA (FHA|USDA|VA) 1 $145,000 $145,000 $8,958 7.00%
Manitowoc, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.00%
Coshocton, OH (FHA|USDA|VA) 1 $145,000 $145,000 $8,057 6.13%
GLENS FALLS, NY (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.13%
Show Low, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $4,545 7.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.75%
Cambridge, OH (FHA|USDA|VA) 1 $115,000 $115,000 $9,131 7.25%
Morgan City, LA (FHA|USDA|VA) 1 $115,000 $115,000 $9,518 7.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.25%
READING, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.63%
MORRISTOWN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.75%
Marinette, WI-MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.75%
APPLETON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.88%
Russellville, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.00%
Marion, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.13%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $75,000 $75,000 $7,354 7.13%
Hometown Equity Mortgage's top markets include Los Angeles, New York, Miami, Riverside, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,489 $1,067,245,000 $428,785 $11,242 8.97%
    FHA 478 $184,250,000 $385,460 $17,536 6.44%
    VA 46 $23,360,000 $507,826 $14,536 6.11%
    USDA 21 $4,225,000 $201,190 $9,131 6.58%

    For 2023, Hometown Equity Mortgage's most frequently originated type of loan was Conventional, with 2,489 originations. Their 2nd most popular type was FHA, with 478 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,750 $771,300,000 $440,743 $15,199 8.09%
    Cash Out Refi 1,065 $405,315,000 $380,577 $15,589 9.17%
    Refi 219 $102,465,000 $467,877 $16,423 8.64%

    For 2023, Hometown Equity Mortgage's most frequently cited loan purpose was Home Purchase, with 1,750 originations. The 2nd most popular reason was Cash Out Refi, with 1,065 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,943 $1,248,675,000 $424,286 $15,772 8.47%
    30+ year 40 $21,650,000 $541,250 $27,466 9.00%
    10 Year 31 $1,245,000 $40,161 $495 9.55%
    20 Year 11 $1,515,000 $137,727 $0 11.30%
    1 Year 7 $5,645,000 $806,429 $0 12.17%
    15 Year 2 $350,000 $175,000 $15,400 8.88%

    For 2023, Hometown Equity Mortgage's most frequently cited loan duration was 30 Year, with 2,943 originations. The 2nd most popular length was 30+ year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 967 $501,675,000 $518,795
    $1k-2k 102 $44,730,000 $438,529
    $4k-5k 102 $26,180,000 $256,667
    $3k-4k 83 $18,315,000 $220,663
    $2k-3k 69 $18,795,000 $272,391
    $<1k 66 $12,930,000 $195,909

    Hometown Equity Mortgage's average total fees were $15,772, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 967 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,975 $817,735,000 $414,043
    7-8% 480 $224,370,000 $467,438
    6-7% 375 $149,495,000 $398,653
    5-6% 192 $83,860,000 $436,771
    4-5% 9 $3,405,000 $378,333
    <2.5% 2 $30,000 $15,000
    3-4% 1 $185,000 $185,000

    During 2023, Hometown Equity Mortgage's average interest rate for loans was 8.47%, while their most frequently originated rate bucket for loans was Over 8%, with 1,975 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,117 $327,075,000 $292,816 $13,541 8.38%
    $100k-200k 697 $104,375,000 $149,749 $8,684 9.05%
    $400k-600k 592 $290,420,000 $490,574 $18,358 8.11%
    $600k-1MM 400 $297,120,000 $742,800 $22,960 8.28%
    $1MM+ 163 $256,695,000 $1,574,816 $37,296 8.80%
    $100,000 or less 65 $3,395,000 $52,231 $1,446 9.38%

    2023 saw Hometown Equity Mortgage place emphasis on $200k-400k loans with 1,117 originations, totaling $327,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 624 $236,880,000 $379,615 $9,896 8.59%
    $250k+ 403 $290,245,000 $720,211 $18,266 9.19%
    $100k-150k 338 $126,420,000 $374,024 $16,669 7.61%
    $150k-250k 288 $134,120,000 $465,694 $20,532 8.45%
    $75k-100k 231 $74,415,000 $322,143 $14,412 7.28%
    $50k-75k 186 $47,430,000 $255,000 $12,548 6.90%

    Hometown Equity Mortgage lent most frequently to those with incomes in the $50k or less range, with 624 originations. The second most popular income band? $250k+, with 403 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 222 $89,980,000 $405,315 $17,679 6.62%
    20-30% 164 $84,350,000 $514,329 $9,793 8.88%
    30-36% 159 $82,665,000 $519,906 $14,246 8.30%
    <20% 124 $65,050,000 $524,597 $12,717 8.90%
    49% 115 $47,345,000 $411,696 $13,835 8.45%
    48% 86 $33,770,000 $392,674 $15,486 8.14%
    42% 79 $33,355,000 $422,215 $16,357 8.09%
    47% 73 $30,095,000 $412,260 $14,444 7.53%
    46% 72 $25,510,000 $354,306 $14,928 8.01%
    45% 64 $27,020,000 $422,188 $13,506 7.83%
    44% 63 $27,635,000 $438,651 $14,756 7.93%
    41% 58 $28,940,000 $498,966 $14,957 8.03%
    43% 50 $20,720,000 $414,400 $15,060 7.69%
    38% 45 $25,315,000 $562,556 $15,342 8.28%
    39% 45 $19,595,000 $435,444 $15,100 8.07%
    40% 39 $17,875,000 $458,333 $17,879 8.07%
    37% 39 $16,865,000 $432,436 $12,495 8.03%
    36% 34 $13,170,000 $387,353 $12,260 7.92%
    >60% 5 $2,455,000 $491,000 $18,513 6.73%

    Hometown Equity Mortgage lent most frequently to those with DTI ratios of 50-60%, with 222 originations. The next most common DTI ratio? 20-30%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,535 $664,825,000 $433,111 $15,514 8.47%
    Not provided 788 $339,550,000 $430,901 $16,581 8.81%
    Black 484 $165,540,000 $342,025 $14,268 8.19%
    Asian 212 $102,830,000 $485,047 $15,063 8.52%
    American Indian 11 $4,455,000 $405,000 $11,006 7.17%
    Native Hawaiian or Islander 4 $1,880,000 $470,000 $19,122 8.19%

    Approval Rates

    Total approvals of all applications
    56.57%

    Hometown Equity Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    57.61%

    Hometown Equity Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,034 $1,279,080,000 $421,582

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,034 $1,279,080,000 $421,582

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 167 $52,845,000 $316,437 $10,350 9.43%
    40-60% 319 $136,285,000 $427,226 $14,663 8.23%
    60-80% 1,517 $669,265,000 $441,177 $14,621 8.95%
    80-100% 820 $368,520,000 $449,415 $16,123 7.28%
    Over 100% 11 $6,035,000 $548,636 $22,930 6.09%
    Under 20% 145 $22,645,000 $156,172 $797 10.32%