Hometown Bank Mortgage Rates, Fees & Info

Galveston, TX

LEI: 549300SHQJPJG8CN8153

Tax ID: 74-1541411

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Hometown Bank is a smaller bank specializing in Home Purchase loans. Hometown Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, and Bay City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $45,360,000

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 104 $41,920,000 $403,077 $0 0.00%
    Outside of Metro Areas 2 $2,330,000 $1,165,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    Bay City, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Hometown Bank's top markets include Houston, Dallas, and Bay City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $45,360,000 $420,000 $0 0.00%

    For 2022, Hometown Bank's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $36,515,000 $500,205 $0 0.00%
    Refi 22 $7,450,000 $338,636 $0 0.00%
    Home Improvement 11 $1,095,000 $99,545 $0 0.00%
    Other 2 $300,000 $150,000 $0 0.00%

    For 2022, Hometown Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $45,360,000 $420,000 $0 0.00%

    For 2022, Hometown Bank's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 33 $8,885,000 $269,242 $0 0.00%
    $100k-200k 22 $3,310,000 $150,455 $0 0.00%
    $400k-600k 16 $7,760,000 $485,000 $0 0.00%
    $100,000 or less 15 $925,000 $61,667 $0 0.00%
    $1MM+ 11 $16,215,000 $1,474,091 $0 0.00%
    $600k-1MM 11 $8,265,000 $751,364 $0 0.00%

    2022 saw Hometown Bank place emphasis on $200k-400k loans with 33 originations, totaling $8,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $5,440,000 $272,000 $0 0.00%
    $250k+ 19 $11,055,000 $581,842 $0 0.00%
    $100k-150k 18 $5,200,000 $288,889 $0 0.00%
    $50k-75k 12 $3,320,000 $276,667 $0 0.00%
    $75k-100k 9 $1,865,000 $207,222 $0 0.00%
    $50k or less 3 $795,000 $265,000 $0 0.00%

    Hometown Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $250k+, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $45,360,000 $420,000 $0 0.00%

    Hometown Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $17,795,000 $301,610 $0 0.00%
    Not applicable 26 $17,570,000 $675,769 $0 0.00%
    Not provided 15 $6,965,000 $464,333 $0 0.00%
    Black 5 $2,035,000 $407,000 $0 0.00%
    Asian 3 $995,000 $331,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    Hometown Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    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 108 $45,360,000 $420,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $45,360,000 $420,000

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Struggling to pay mortgage 1 50.0%
    HUNTINGTON NATIONAL BANK, THE Conventional home mortgage Trouble during payment process 1 50.0%