Hometown Bank Mortgage Rates, Fees & Info
Galveston, TXLEI: 549300SHQJPJG8CN8153
Tax ID: 74-1541411
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hometown Bank is a smaller bank specializing in Home Purchase loans. Hometown Bank has a high proportion of conventional loans. Their top two markets are Houston and Dallas .Hometown Bank 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.
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Originations
63Origination Dollar Volume (All Markets)
$23,165,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 61 | $22,485,000 | $368,607 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $23,165,000 | $367,698 | $0 | 0.00% |
For 2024, Hometown Bank's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2024, Hometown Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Home Improvement, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $23,165,000 | $367,698 | $0 | 0.00% |
For 2024, Hometown Bank's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2024 saw Hometown Bank place emphasis on $200k-400k loans with 19 originations, totaling $5,065,000 in origination value.
Applicant Income
Hometown Bank lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $23,165,000 | $367,698 | $0 | 0.00% |
Hometown Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.40%
Hometown Bank has a below average approval rate.
Pick Rate
Approvals leading to origination53.97%
Hometown Bank 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 |
|---|---|---|---|
| Exempt | 63 | $23,165,000 | $367,698 |