Hometown Equity Mortgage Rates, Fees & Info

Clayton, MO

LEI: 549300RA3E0BUFO7YZ21

Tax ID: 43-1937428

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 smaller mortgage company specializing in Home Purchase and 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, Riverside, Miami, San Francisco, and San Diego among others. We have data for 138 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hometown Equity Mortgage has an above 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% 11/17/24
30 Year Conventional Refi 7.48% 11/17/24
30 Year Cash-out Refi 7.84% 11/17/24
30 Year FHA Purchase 7.72% 11/17/24
30 Year FHA Refi 7.10% 11/17/24
30 Year VA Purchase 6.40% 11/17/24
30 Year VA Refi 5.96% 11/17/24
30 Year USDA Purchase 6.81% 11/17/24
30 Year USDA Refi 6.27% 11/17/24
15 Year Conventional Purchase 6.25% 11/17/24
15 Year Conventional Refi 6.15% 11/17/24
15 Year Cash-out Refi 6.15% 11/17/24
15 Year FHA Purchase 7.21% 11/17/24
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

1,584

Origination Dollar Volume (All Markets)

$554,830,000

Awards

Hometown Equity Mortgage FHA Loans bronze
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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 256 $156,430,000 $611,055 $14,036 5.62%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 302 $104,690,000 $346,656 $8,397 4.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 116 $37,990,000 $327,500 $10,998 5.44%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 29 $17,015,000 $586,724 $15,916 5.53%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 31 $15,515,000 $500,484 $13,734 5.47%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 44 $15,320,000 $348,182 $16,054 6.04%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 39 $13,465,000 $345,256 $14,322 5.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 39 $12,555,000 $321,923 $10,646 5.31%
ST. LOUIS, MO-IL (FHA|USDA|VA) 53 $10,435,000 $196,887 $5,793 4.15%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 46 $9,590,000 $208,478 $8,503 5.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 29 $8,125,000 $280,172 $9,614 5.52%
PORT ST. LUCIE, FL (FHA|USDA|VA) 12 $7,990,000 $665,833 $9,120 6.05%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 10 $7,090,000 $709,000 $24,322 5.41%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 32 $6,620,000 $206,875 $9,591 5.87%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $6,240,000 $445,714 $14,940 5.45%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 18 $5,800,000 $322,222 $6,060 5.97%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 18 $5,480,000 $304,444 $10,116 5.69%
STOCKTON, CA (FHA|USDA|VA) 19 $5,225,000 $275,000 $10,320 5.40%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 20 $4,830,000 $241,500 $7,926 5.37%
BAKERSFIELD, CA (FHA|USDA|VA) 20 $4,780,000 $239,000 $10,049 5.65%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 18 $4,050,000 $225,000 $9,976 4.08%
FRESNO, CA (FHA|USDA|VA) 17 $3,875,000 $227,941 $10,521 5.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 16 $3,850,000 $240,625 $9,919 5.45%
VALLEJO, CA (FHA|USDA|VA) 9 $3,635,000 $403,889 $12,109 4.78%
JACKSONVILLE, FL (FHA|USDA|VA) 18 $3,290,000 $182,778 $6,645 4.85%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 18 $3,270,000 $181,667 $7,677 5.71%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $3,195,000 $245,769 $9,807 5.85%
BATON ROUGE, LA (FHA|USDA|VA) 19 $2,945,000 $155,000 $8,251 5.11%
MODESTO, CA (FHA|USDA|VA) 7 $2,565,000 $366,429 $28,042 5.66%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 11 $2,525,000 $229,545 $10,996 5.91%
OCALA, FL (FHA|USDA|VA) 19 $2,355,000 $123,947 $5,431 4.82%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 13 $2,295,000 $176,538 $7,668 5.02%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $2,270,000 $378,333 $7,026 5.02%
Outside of Metro Areas 9 $1,955,000 $217,222 $8,144 4.92%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $0 6.63%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $0 5.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $1,825,000 $140,385 $6,551 5.17%
KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $1,820,000 $182,000 $6,910 3.91%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,815,000 $363,000 $10,029 5.35%
GREELEY, CO (FHA|USDA|VA) 4 $1,790,000 $447,500 $16,379 5.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,775,000 $355,000 $13,664 5.82%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $1,640,000 $410,000 $11,105 5.84%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,580,000 $395,000 $11,031 5.75%
SALINAS, CA (FHA|USDA|VA) 4 $1,530,000 $382,500 $16,327 5.53%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $1,430,000 $238,333 $15,038 5.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $1,375,000 $196,429 $0 6.11%
FORT COLLINS, CO (FHA|USDA|VA) 2 $1,350,000 $675,000 $22,285 5.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,290,000 $215,000 $8,132 6.23%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,225,000 $245,000 $20,396 6.10%
Ukiah, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $22,435 6.75%
TUCSON, AZ (FHA|USDA|VA) 5 $1,015,000 $203,000 $7,800 4.15%
WACO, TX (FHA|USDA|VA) 5 $1,005,000 $201,000 $5,553 4.15%
PANAMA CITY, FL (FHA|USDA|VA) 4 $920,000 $230,000 $10,650 6.25%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $905,000 $905,000 $0 6.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $870,000 $217,500 $0 7.12%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $850,000 $425,000 $19,895 6.00%
VISALIA, CA (FHA|USDA|VA) 4 $820,000 $205,000 $7,674 5.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $740,000 $185,000 $4,767 4.16%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $725,000 $725,000 $11,922 7.13%
Hilo, HI (FHA|USDA|VA) 2 $720,000 $360,000 $0 6.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $700,000 $175,000 $0 6.06%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $695,000 $139,000 $0 6.35%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $680,000 $170,000 $9,506 5.41%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $665,000 $133,000 $5,748 5.28%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $595,000 $198,333 $0 6.41%
LOGAN, UT-ID (FHA|USDA|VA) 3 $585,000 $195,000 $0 5.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $570,000 $142,500 $6,078 4.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $560,000 $140,000 $6,925 6.00%
Cedartown, GA (FHA|USDA|VA) 5 $555,000 $111,000 $5,137 4.38%
MERCED, CA (FHA|USDA|VA) 2 $550,000 $275,000 $8,943 5.13%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $525,000 $525,000 $0 6.88%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $520,000 $260,000 $0 5.81%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $515,000 $515,000 $12,012 5.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $515,000 $171,667 $6,333 5.83%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $510,000 $255,000 $0 6.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $510,000 $255,000 $15,164 5.19%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $500,000 $250,000 $0 6.25%
BEND, OR (FHA|USDA|VA) 1 $495,000 $495,000 $0 7.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $475,000 $158,333 $9,440 6.08%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $415,000 $415,000 $0 5.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $395,000 $131,667 $4,934 5.71%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $395,000 $131,667 $6,343 4.96%
LAFAYETTE, LA (FHA|USDA|VA) 2 $370,000 $185,000 $5,531 4.19%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $345,000 $115,000 $0 6.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $335,000 $335,000 $0 6.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $320,000 $160,000 $7,618 4.19%
Washington Court House, OH (FHA|USDA|VA) 2 $310,000 $155,000 $9,789 4.06%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.99%
AKRON, OH (FHA|USDA|VA) 2 $290,000 $145,000 $9,398 4.50%
CHICO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.75%
HAMMOND, LA (FHA|USDA|VA) 2 $280,000 $140,000 $6,810 4.00%
Cambridge, OH (FHA|USDA|VA) 1 $275,000 $275,000 $7,358 4.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $265,000 $265,000 $13,124 5.63%
PUEBLO, CO (FHA|USDA|VA) 1 $265,000 $265,000 $9,648 7.75%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $265,000 $265,000 $8,067 3.50%
Montrose, CO (FHA|USDA|VA) 1 $265,000 $265,000 $6,222 4.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $255,000 $255,000 $14,757 4.25%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $255,000 $255,000 $14,134 3.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $250,000 $125,000 $3,389 5.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.75%
WHEELING, WV-OH (FHA|USDA|VA) 1 $235,000 $235,000 $11,621 5.25%
ROME, GA (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.75%
FLINT, MI (FHA|USDA|VA) 1 $225,000 $225,000 $7,327 6.99%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $225,000 $225,000 $6,402 4.25%
Gainesville, TX (FHA|USDA|VA) 2 $220,000 $110,000 $6,813 6.31%
Key West, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.75%
Durango, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.99%
Red Bluff, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.50%
Salem, OH (FHA|USDA|VA) 2 $210,000 $105,000 $5,251 3.88%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.75%
COLUMBUS, OH (FHA|USDA|VA) 2 $200,000 $100,000 $5,792 4.38%
Heber, UT (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.99%
COLUMBIA, SC (FHA|USDA|VA) 1 $195,000 $195,000 $11,506 5.13%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.25%
Jackson, OH (FHA|USDA|VA) 2 $180,000 $90,000 $5,529 4.88%
Arcadia, FL (FHA|USDA|VA) 1 $175,000 $175,000 $11,026 5.25%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.25%
Sonora, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.25%
Farmington, MO (FHA|USDA|VA) 1 $165,000 $165,000 $6,368 4.13%
BELLINGHAM, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
Natchitoches, LA (FHA|USDA|VA) 2 $140,000 $70,000 $2,868 4.25%
Hannibal, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,968 4.13%
Coshocton, OH (FHA|USDA|VA) 1 $135,000 $135,000 $5,968 4.00%
Ashtabula, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,988 4.25%
Findlay, OH (FHA|USDA|VA) 1 $125,000 $125,000 $7,194 4.88%
Bellefontaine, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,749 5.13%
Marietta, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,924 4.25%
Coldwater, MI (FHA|USDA|VA) 1 $125,000 $125,000 $6,059 8.25%
Wilmington, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,376 4.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.75%
Morgan City, LA (FHA|USDA|VA) 1 $115,000 $115,000 $6,161 4.13%
Okeechobee, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.25%
Fremont, OH (FHA|USDA|VA) 1 $95,000 $95,000 $7,029 4.25%
Sidney, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,647 5.75%
Tiffin, OH (FHA|USDA|VA) 1 $65,000 $65,000 $4,779 4.50%
Hometown Equity Mortgage's top markets include Los Angeles, Riverside, Miami, San Francisco, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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    ABNB Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 990 $394,190,000 $398,172 $10,533 5.80%
    FHA 449 $120,085,000 $267,450 $10,015 4.36%
    VA 91 $31,825,000 $349,725 $8,771 4.31%
    USDA 54 $8,730,000 $161,667 $7,107 4.23%

    For 2019, Hometown Equity Mortgage's most frequently originated type of loan was Conventional, with 990 originations. Their 2nd most popular type was FHA, with 449 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 941 $294,625,000 $313,098 $9,739 5.08%
    Refi 529 $219,605,000 $415,132 $10,463 5.46%
    Cash Out Refi 99 $35,045,000 $353,990 $12,022 5.84%
    Home Improvement 15 $5,555,000 $370,333 $9,018 5.11%

    For 2019, Hometown Equity Mortgage's most frequently cited loan purpose was Home Purchase, with 941 originations. The 2nd most popular reason was Refi, with 529 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,550 $537,610,000 $346,845 $9,918 5.27%
    15 Year 15 $4,455,000 $297,000 $5,715 4.05%
    30+ year 10 $10,870,000 $1,087,000 $25,303 6.00%
    20 Year 6 $1,280,000 $213,333 $4,144 3.96%
    Other 2 $400,000 $200,000 $5,403 4.75%
    10 Year 1 $215,000 $215,000 $5,116 3.50%

    For 2019, Hometown Equity Mortgage's most frequently cited loan duration was 30 Year, with 1,550 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 305 $148,785,000 $487,820
    $1k-2k 246 $77,520,000 $315,122
    $<1k 190 $48,920,000 $257,474
    $2k-3k 120 $30,840,000 $257,000
    $3k-4k 89 $23,025,000 $258,708
    $4k-5k 56 $14,430,000 $257,679

    Hometown Equity Mortgage's average total fees were $9,918, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 305 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 503 $212,455,000 $422,376
    4-5% 420 $131,160,000 $312,286
    6-7% 300 $97,240,000 $324,133
    3-4% 280 $81,850,000 $292,321
    7-8% 64 $25,530,000 $398,906
    Over 8% 16 $6,200,000 $387,500
    2.5-3% 1 $395,000 $395,000

    During 2019, Hometown Equity Mortgage's average interest rate for loans was 5.27%, while their most frequently originated rate bucket for loans was 5-6%, with 503 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 664 $189,550,000 $285,467 $9,237 5.06%
    $100k-200k 439 $65,905,000 $150,125 $6,777 5.42%
    $400k-600k 293 $139,705,000 $476,809 $11,749 5.12%
    $600k-1MM 114 $84,800,000 $743,860 $19,265 5.91%
    $1MM+ 46 $72,650,000 $1,579,348 $27,206 5.99%
    $100,000 or less 28 $2,220,000 $79,286 $5,068 4.93%

    2019 saw Hometown Equity Mortgage place emphasis on $200k-400k loans with 664 originations, totaling $189,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 800 $258,090,000 $322,613 $8,167 5.67%
    $50k-75k 249 $62,795,000 $252,189 $8,663 4.45%
    $100k-150k 185 $69,655,000 $376,514 $10,392 4.87%
    $75k-100k 159 $50,985,000 $320,660 $9,841 4.62%
    $150k-250k 110 $51,360,000 $466,909 $11,664 5.19%
    $250k+ 70 $58,570,000 $836,714 $17,319 5.85%

    Hometown Equity Mortgage lent most frequently to those with incomes in the $50k or less range, with 800 originations. The second most popular income band? $50k-75k, with 249 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 478 $176,950,000 $370,188 $12,776 6.04%
    50-60% 193 $60,395,000 $312,927 $11,113 4.26%
    30-36% 130 $39,370,000 $302,846 $8,099 4.75%
    20-30% 86 $30,410,000 $353,605 $9,386 5.04%
    49% 61 $24,735,000 $405,492 $11,917 5.10%
    48% 50 $17,610,000 $352,200 $9,740 4.49%
    47% 49 $16,565,000 $338,061 $10,492 4.81%
    42% 47 $15,265,000 $324,787 $9,300 5.15%
    44% 41 $13,815,000 $336,951 $8,418 4.70%
    40% 39 $9,965,000 $255,513 $9,095 4.97%
    38% 38 $12,150,000 $319,737 $10,046 4.90%
    43% 35 $10,415,000 $297,571 $10,382 4.70%
    39% 34 $14,780,000 $434,706 $11,071 5.18%
    41% 33 $11,095,000 $336,212 $8,580 4.75%
    46% 33 $10,085,000 $305,606 $8,841 4.48%
    45% 30 $9,030,000 $301,000 $9,814 4.43%
    37% 30 $10,090,000 $336,333 $8,250 4.92%
    36% 21 $6,615,000 $315,000 $9,875 4.87%
    >60% 9 $3,875,000 $430,556 $10,198 4.88%

    Hometown Equity Mortgage lent most frequently to those with DTI ratios of <20%, with 478 originations. The next most common DTI ratio? 50-60%, with 193 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,000 $355,050,000 $355,050 $9,913 5.24%
    Black 254 $73,980,000 $291,260 $9,633 5.01%
    Not provided 156 $57,010,000 $365,449 $9,882 5.15%
    Asian 106 $41,440,000 $390,943 $12,173 5.69%
    Not applicable 59 $23,615,000 $400,254 $0 6.13%
    American Indian 5 $2,275,000 $455,000 $9,791 4.45%
    Native Hawaiian or Islander 4 $1,460,000 $365,000 $9,067 5.94%

    Approval Rates

    Total approvals of all applications
    92.45%

    Hometown Equity Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    30.49%

    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 1,584 $554,830,000 $350,271

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 26 $4,390,000 $168,846
    Single Family (1-4 Units):Site-Built 1,558 $550,440,000 $353,299

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $6,970,000 $290,417 $11,100 5.40%
    40-60% 102 $40,600,000 $398,039 $11,832 5.59%
    60-80% 675 $262,665,000 $389,133 $10,334 5.74%
    80-100% 752 $233,400,000 $310,372 $9,537 4.81%
    Over 100% 29 $11,015,000 $379,828 $13,810 4.24%
    Under 20% 2 $180,000 $90,000 $2,729 4.94%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HOMETOWN EQUITY MORTGAGE Other type of mortgage Trouble during payment process 1 100.0%