Hometown Equity Mortgage Rates, Fees & Info
Clayton, MOLEI: 549300RA3E0BUFO7YZ21
Tax ID: 43-1937428
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Mortgage Data
Review & Overview
Hometown Equity Mortgage is a small mortgage company specializing in Home Purchase and Refi loans. Hometown Equity Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, Miami, Atlanta, and Sacramento among others. We have data for 231 markets. (Some data included below & more in-depth data is available with an active subscription.)Hometown Equity Mortgage has an 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 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 | 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
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This is not an official calculator from Hometown Equity Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,643Origination Dollar Volume (All Markets)
$1,409,905,000Awards
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Hometown Equity Mortgage - 2020
Hometown Equity Mortgage is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 702 | $301,390,000 | $429,330 | $10,920 | 3.47% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 616 | $212,360,000 | $344,740 | $8,010 | 3.29% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 253 | $73,365,000 | $289,980 | $10,459 | 3.66% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 229 | $60,665,000 | $264,913 | $10,034 | 3.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 138 | $48,770,000 | $353,406 | $8,845 | 3.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 118 | $48,660,000 | $412,373 | $9,672 | 3.28% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 109 | $38,665,000 | $354,725 | $12,557 | 3.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 167 | $35,625,000 | $213,323 | $8,663 | 3.57% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 136 | $31,780,000 | $233,676 | $9,068 | 3.32% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 57 | $28,735,000 | $504,123 | $13,604 | 3.52% |
| VALLEJO, CA (FHA|USDA|VA) | 52 | $25,140,000 | $483,462 | $11,434 | 3.06% |
| FRESNO, CA (FHA|USDA|VA) | 94 | $24,060,000 | $255,957 | $8,373 | 3.22% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 97 | $23,675,000 | $244,072 | $8,424 | 3.85% |
| BATON ROUGE, LA (FHA|USDA|VA) | 94 | $19,040,000 | $202,553 | $8,908 | 3.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 78 | $18,660,000 | $239,231 | $8,566 | 3.27% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 58 | $18,600,000 | $320,690 | $11,641 | 3.59% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 75 | $17,985,000 | $239,800 | $8,461 | 3.76% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 68 | $16,660,000 | $245,000 | $8,395 | 3.54% |
| STOCKTON, CA (FHA|USDA|VA) | 46 | $15,710,000 | $341,522 | $9,473 | 3.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 62 | $13,230,000 | $213,387 | $5,429 | 3.34% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 47 | $12,945,000 | $275,426 | $8,428 | 4.68% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 25 | $11,585,000 | $463,400 | $13,381 | 3.30% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 46 | $11,000,000 | $239,130 | $7,992 | 3.43% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 27 | $10,815,000 | $400,556 | $11,619 | 3.61% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 43 | $10,725,000 | $249,419 | $7,521 | 3.26% |
| Outside of Metro Areas | 50 | $9,470,000 | $189,400 | $6,675 | 3.31% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 38 | $9,240,000 | $243,158 | $9,677 | 4.05% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 29 | $9,215,000 | $317,759 | $7,665 | 3.61% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 39 | $8,705,000 | $223,205 | $8,319 | 3.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 22 | $8,060,000 | $366,364 | $7,563 | 3.53% |
| MODESTO, CA (FHA|USDA|VA) | 25 | $7,635,000 | $305,400 | $10,277 | 3.20% |
| VISALIA, CA (FHA|USDA|VA) | 28 | $6,930,000 | $247,500 | $7,948 | 3.24% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 23 | $6,805,000 | $295,870 | $10,138 | 3.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 34 | $6,720,000 | $197,647 | $8,339 | 3.45% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 25 | $6,065,000 | $242,600 | $7,300 | 3.42% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 22 | $6,030,000 | $274,091 | $10,729 | 3.98% |
| WACO, TX (FHA|USDA|VA) | 30 | $5,970,000 | $199,000 | $6,390 | 3.43% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 27 | $5,925,000 | $219,444 | $9,646 | 3.30% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 26 | $5,840,000 | $224,615 | $8,126 | 3.41% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 28 | $5,830,000 | $208,214 | $8,287 | 3.58% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $5,630,000 | $563,000 | $10,026 | 3.90% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 21 | $5,625,000 | $267,857 | $10,130 | 4.26% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 26 | $5,600,000 | $215,385 | $8,614 | 3.69% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 28 | $5,010,000 | $178,929 | $6,473 | 3.66% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 11 | $4,525,000 | $411,364 | $10,660 | 3.23% |
| OCALA, FL (FHA|USDA|VA) | 27 | $4,245,000 | $157,222 | $6,354 | 3.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 19 | $4,175,000 | $219,737 | $8,291 | 3.95% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 14 | $3,990,000 | $285,000 | $8,778 | 3.24% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 15 | $3,775,000 | $251,667 | $6,338 | 3.08% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 18 | $3,440,000 | $191,111 | $6,199 | 3.74% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $3,275,000 | $655,000 | $12,661 | 4.18% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 17 | $3,175,000 | $186,765 | $8,427 | 3.42% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 14 | $3,050,000 | $217,857 | $8,112 | 3.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $2,975,000 | $270,455 | $9,291 | 3.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 12 | $2,800,000 | $233,333 | $7,739 | 3.31% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $2,785,000 | $557,000 | $12,951 | 3.57% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 10 | $2,750,000 | $275,000 | $8,856 | 3.96% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $2,690,000 | $448,333 | $6,427 | 3.58% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 12 | $2,560,000 | $213,333 | $5,637 | 3.49% |
| MERCED, CA (FHA|USDA|VA) | 8 | $2,480,000 | $310,000 | $8,153 | 3.48% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $8,809 | 3.13% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $2,445,000 | $222,273 | $10,036 | 3.49% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $2,415,000 | $483,000 | $13,347 | 3.30% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $2,385,000 | $477,000 | $12,540 | 3.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 12 | $2,270,000 | $189,167 | $6,541 | 3.21% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 7 | $2,265,000 | $323,571 | $9,476 | 5.59% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $11,835 | 4.14% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $1,965,000 | $393,000 | $6,546 | 5.40% |
| MADERA, CA (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $7,151 | 3.45% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $1,650,000 | $206,250 | $8,687 | 3.69% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $1,565,000 | $142,273 | $8,044 | 3.39% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $6,245 | 3.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 9 | $1,555,000 | $172,778 | $6,978 | 4.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 9 | $1,515,000 | $168,333 | $6,457 | 3.06% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $23,062 | 5.97% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $8,618 | 3.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $6,228 | 3.42% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 9 | $1,405,000 | $156,111 | $5,199 | 3.14% |
| Cedartown, GA (FHA|USDA|VA) | 9 | $1,385,000 | $153,889 | $6,724 | 3.54% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $5,876 | 3.50% |
| ERIE, PA (FHA|USDA|VA) | 10 | $1,350,000 | $135,000 | $8,329 | 3.61% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 9 | $1,245,000 | $138,333 | $7,852 | 3.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $6,494 | 4.40% |
| Roseburg, OR (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $4,799 | 3.21% |
| COLUMBUS, OH (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $7,268 | 3.36% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $9,052 | 3.56% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,604 | 3.63% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $4,590 | 3.60% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $8,043 | 3.06% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $5,360 | 3.28% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $9,696 | 3.45% |
| MOBILE, AL (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $7,153 | 3.75% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $15,966 | 3.54% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $5,843 | 3.08% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $6,512 | 3.10% |
| HAMMOND, LA (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $9,876 | 3.38% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,137 | 3.08% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,734 | 4.98% |
| Durango, CO (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,986 | 2.78% |
| AKRON, OH (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $7,856 | 3.44% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $8,120 | 3.16% |
| EL PASO, TX (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $6,725 | 3.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $8,919 | 4.06% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $6,649 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $5,456 | 3.60% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,182 | 4.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $6,356 | 3.91% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,007 | 2.88% |
| REDDING, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 6.31% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,449 | 2.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $6,383 | 3.28% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $7,994 | 3.29% |
| Meadville, PA (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $6,159 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $7,776 | 3.96% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,082 | 3.06% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $17,499 | 3.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $16,886 | 3.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,950 | 2.96% |
| Palatka, FL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,666 | 3.58% |
| Shelton, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $10,163 | 3.31% |
| Newport, OR (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,597 | 3.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $19,048 | 2.88% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,480 | 3.29% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,274 | 4.25% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,759 | 3.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,750 | 3.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,612 | 3.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,532 | 3.13% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,363 | 3.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $9,824 | 4.88% |
| Sonora, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,520 | 4.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $9,009 | 3.38% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,567 | 2.94% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,772 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,327 | 3.38% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,484 | 3.42% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,146 | 3.19% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,074 | 3.06% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,124 | 3.13% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,766 | 3.38% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $9,284 | 2.94% |
| SALEM, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,013 | 2.88% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $21,438 | 4.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,649 | 3.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,303 | 3.38% |
| ROME, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,289 | 3.56% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,341 | 2.56% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,907 | 3.06% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,105 | 3.88% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,347 | 2.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $9,705 | 3.13% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,917 | 2.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,154 | 5.06% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,202 | 4.44% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,429 | 3.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,494 | 2.75% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $7,608 | 3.19% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,823 | 7.75% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,112 | 3.00% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,057 | 2.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,065 | 2.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,496 | 3.00% |
| Forest City, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,408 | 2.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,036 | 3.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,681 | 4.25% |
| Wooster, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,876 | 3.38% |
| DOVER, DE (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,908 | 2.38% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,792 | 3.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,903 | 3.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.25% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,556 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 6.38% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $7,074 | 3.38% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,921 | 3.31% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,784 | 3.63% |
| Fort Dodge, IA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,749 | 3.69% |
| Safford, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,820 | 3.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,678 | 2.88% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,242 | 3.38% |
| BEND, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.75% |
| Edwards, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.75% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,721 | 3.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,675 | 2.50% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,166 | 3.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,961 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,193 | 2.88% |
| Bay City, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,820 | 8.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,489 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,766 | 3.06% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,496 | 3.63% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,234 | 4.50% |
| Indiana, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,405 | 3.63% |
| READING, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,284 | 2.50% |
| McAlester, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,299 | 3.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,610 | 3.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,799 | 3.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,279 | 4.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,831 | 2.63% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,040 | 2.88% |
| Mason City, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,499 | 2.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,105 | 2.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,718 | 3.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,937 | 3.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.75% |
| Marietta, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,517 | 4.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,771 | 2.88% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,660 | 3.13% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,553 | 4.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,051 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,648 | 4.25% |
| Crossville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,036 | 4.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,539 | 3.38% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,067 | 3.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,722 | 2.88% |
| Union City, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,324 | 3.13% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,265 | 3.13% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,465 | 3.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,783 | 3.13% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,862 | 3.13% |
| Ashland, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,575 | 3.75% |
| Salem, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,026 | 3.63% |
| Urbana, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,581 | 2.75% |
| Marshall, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,042 | 3.00% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,452 | 4.13% |
| New Castle, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,290 | 3.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,087 | 2.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hometown Equity Mortgage 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
For 2020, Hometown Equity Mortgage's most frequently originated type of loan was Conventional, with 2,288 originations. Their 2nd most popular type was FHA, with 1,832 originations.
Loan Reason
For 2020, Hometown Equity Mortgage's most frequently cited loan purpose was Home Purchase, with 2,895 originations. The 2nd most popular reason was Refi, with 1,079 originations.
Loan Duration/Length
For 2020, Hometown Equity Mortgage's most frequently cited loan duration was 30 Year, with 4,454 originations. The 2nd most popular length was 15 Year, with 116 originations.
Origination Fees/Closing Costs
Hometown Equity Mortgage's average total fees were $9,231, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,256 originations.
Interest Rates
During 2020, Hometown Equity Mortgage's average interest rate for loans was 3.51%, while their most frequently originated rate bucket for loans was 3-4%, with 2,316 originations.
Loan Sizing
2020 saw Hometown Equity Mortgage place emphasis on $200k-400k loans with 2,406 originations, totaling $692,120,000 in origination value.
Applicant Income
Hometown Equity Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,271 originations. The second most popular income band? $50k-75k, with 1,222 originations.
Applicant Debt to Income Ratio
Hometown Equity Mortgage lent most frequently to those with DTI ratios of 50-60%, with 681 originations. The next most common DTI ratio? 30-36%, with 539 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.30%
Hometown Equity Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination50.14%
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 |
|---|---|---|---|
| 300.0 | 2 | $120,000 | $60,000 |
| 330.0 | 4 | $390,000 | $97,500 |
| NA | 4,637 | $1,409,395,000 | $303,945 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 39 | $10,165,000 | $260,641 |
| Single Family (1-4 Units):Site-Built | 4,604 | $1,399,740,000 | $304,027 |
LTV Distribution
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% |