Homestead Funding Corp. Mortgage Rates, Fees & Info

ALBANY, NY

LEI: 549300T3F9S1MKFKHC53

Tax ID: 14-1770243

5 stars - out of 5 stars, based on 118 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Homestead Funding Corp. is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Homestead Funding Corp. 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 include Albany, Poughkeepsie, New York, Glens Falls, and Washington among others. Homestead Funding Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Homestead Funding Corp. is typically an average fee lendor.


Originations

13,976

Origination Dollar Volume (All Markets)

$3,688,020,000
Show all (108) awards

Relative Rate

Homestead Funding Corp.'s average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Homestead Funding Corp.'s average total fees for a 30 year fixed rate mortgage are $4,161.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3,218 $766,420,000 $238,167 $4,260 3.14%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 890 $268,520,000 $301,708 $5,330 3.12%
Outside of Metro Areas 807 $187,455,000 $232,286 $4,137 3.10%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 370 $144,180,000 $389,676 $5,333 2.93%
GLENS FALLS, NY (FHA|USDA|VA) 531 $113,925,000 $214,548 $3,984 3.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 253 $99,025,000 $391,403 $3,258 2.55%
BINGHAMTON, NY (FHA|USDA|VA) 570 $87,300,000 $153,158 $3,591 3.07%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 240 $86,290,000 $359,542 $4,450 2.87%
SYRACUSE, NY (FHA|USDA|VA) 480 $83,310,000 $173,563 $3,945 3.20%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 383 $74,945,000 $195,679 $3,691 2.88%
KINGSTON, NY (FHA|USDA|VA) 257 $74,935,000 $291,576 $4,944 3.15%
Hudson, NY (FHA|USDA|VA) 261 $74,755,000 $286,418 $4,140 3.11%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 211 $67,665,000 $320,687 $3,496 2.61%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 137 $59,375,000 $433,394 $3,573 2.61%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 138 $47,090,000 $341,232 $4,543 3.03%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 133 $46,035,000 $346,128 $3,386 2.72%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 131 $43,845,000 $334,695 $3,352 2.61%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 210 $43,200,000 $205,714 $4,507 3.05%
UTICA-ROME, NY (FHA|USDA|VA) 230 $39,930,000 $173,609 $3,689 3.14%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 123 $38,655,000 $314,268 $3,282 3.11%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 115 $38,335,000 $333,348 $3,510 2.59%
ROCHESTER, NY (FHA|USDA|VA) 193 $33,835,000 $175,311 $3,608 3.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 90 $33,460,000 $371,778 $3,632 2.55%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 170 $32,290,000 $189,941 $3,923 3.12%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 86 $30,050,000 $349,419 $4,291 2.53%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 94 $29,970,000 $318,830 $3,441 2.61%
RALEIGH-CARY, NC (FHA|USDA|VA) 97 $29,835,000 $307,577 $3,290 2.69%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 126 $29,490,000 $234,048 $3,552 2.81%
Gloversville, NY (FHA|USDA|VA) 159 $28,625,000 $180,031 $3,666 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 85 $28,055,000 $330,059 $4,003 2.57%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 79 $25,915,000 $328,038 $4,480 2.77%
Amsterdam, NY (FHA|USDA|VA) 149 $24,035,000 $161,309 $3,581 3.24%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 75 $23,985,000 $319,800 $4,184 2.62%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 62 $23,040,000 $371,613 $3,534 2.66%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 53 $22,965,000 $433,302 $3,734 2.53%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 52 $22,210,000 $427,115 $3,737 2.64%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 64 $21,850,000 $341,406 $3,557 2.57%
LANCASTER, PA (FHA|USDA|VA) 101 $21,335,000 $211,238 $5,608 3.22%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 64 $20,850,000 $325,781 $3,016 2.70%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 57 $20,625,000 $361,842 $3,965 2.74%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 49 $20,235,000 $412,959 $3,513 2.71%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 48 $20,200,000 $420,833 $3,094 2.60%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 63 $20,175,000 $320,238 $2,931 2.60%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 57 $18,195,000 $319,211 $4,604 2.60%
Oneonta, NY (FHA|USDA|VA) 94 $16,260,000 $172,979 $3,075 3.12%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 39 $15,505,000 $397,564 $4,171 2.66%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 44 $15,000,000 $340,909 $4,234 2.79%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 39 $14,305,000 $366,795 $3,902 2.58%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 49 $13,215,000 $269,694 $3,503 2.70%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 44 $12,390,000 $281,591 $3,953 2.92%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 36 $12,240,000 $340,000 $3,989 2.56%
APPLETON, WI (FHA|USDA|VA) 46 $12,090,000 $262,826 $2,940 2.63%
WILMINGTON, NC (FHA|USDA|VA) 44 $11,900,000 $270,455 $2,973 3.03%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 40 $11,840,000 $296,000 $3,973 2.95%
WORCESTER, MA-CT (FHA|USDA|VA) 36 $10,000,000 $277,778 $3,425 2.90%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 29 $9,655,000 $332,931 $3,257 2.71%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 22 $9,330,000 $424,091 $3,199 2.65%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 26 $8,760,000 $336,923 $3,996 2.62%
RICHMOND, VA (FHA|USDA|VA) 27 $8,725,000 $323,148 $2,950 2.50%
JACKSONVILLE, FL (FHA|USDA|VA) 25 $8,175,000 $327,000 $3,568 2.68%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 26 $7,880,000 $303,077 $3,320 2.49%
Malone, NY (FHA|USDA|VA) 57 $7,775,000 $136,404 $2,944 3.34%
Torrington, CT (FHA|USDA|VA) 32 $7,530,000 $235,313 $3,952 3.21%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 24 $6,910,000 $287,917 $4,409 2.83%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 52 $6,770,000 $130,192 $2,822 3.22%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 28 $6,740,000 $240,714 $3,654 2.60%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $6,500,000 $325,000 $3,998 2.96%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $6,340,000 $288,182 $3,746 2.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 16 $5,960,000 $372,500 $3,528 2.66%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 19 $5,945,000 $312,895 $3,639 2.94%
MADISON, WI (FHA|USDA|VA) 18 $5,940,000 $330,000 $3,104 2.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $5,840,000 $417,143 $4,245 2.57%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 17 $5,835,000 $343,235 $4,061 2.54%
Olean, NY (FHA|USDA|VA) 46 $5,430,000 $118,043 $3,128 3.13%
PITTSBURGH, PA (FHA|USDA|VA) 17 $5,045,000 $296,765 $4,092 2.57%
KANSAS CITY, MO-KS (FHA|USDA|VA) 12 $4,730,000 $394,167 $3,224 2.70%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 13 $4,655,000 $358,077 $3,383 2.40%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 15 $4,575,000 $305,000 $3,262 2.52%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 10 $4,550,000 $455,000 $3,027 2.38%
BOULDER, CO (FHA|USDA|VA) 13 $4,205,000 $323,462 $3,134 2.69%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 12 $4,100,000 $341,667 $3,323 2.65%
BOISE CITY, ID (FHA|USDA|VA) 15 $4,095,000 $273,000 $3,889 2.69%
GREEN BAY, WI (FHA|USDA|VA) 14 $4,060,000 $290,000 $2,747 2.65%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 15 $3,945,000 $263,000 $2,717 2.59%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $3,785,000 $344,091 $2,942 2.53%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 13 $3,675,000 $282,692 $3,096 2.58%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 9 $3,645,000 $405,000 $3,433 2.57%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $3,630,000 $363,000 $4,859 2.88%
HUNTSVILLE, AL (FHA|USDA|VA) 12 $3,580,000 $298,333 $3,171 2.70%
STOCKTON, CA (FHA|USDA|VA) 9 $3,515,000 $390,556 $3,833 2.85%
BEND, OR (FHA|USDA|VA) 11 $3,505,000 $318,636 $4,366 2.81%
Ogdensburg-Massena, NY (FHA|USDA|VA) 27 $3,445,000 $127,593 $3,202 3.20%
COLUMBIA, SC (FHA|USDA|VA) 11 $3,425,000 $311,364 $2,894 2.58%
ASHEVILLE, NC (FHA|USDA|VA) 10 $3,380,000 $338,000 $3,244 2.51%
ANN ARBOR, MI (FHA|USDA|VA) 11 $3,265,000 $296,818 $3,045 2.50%
SALT LAKE CITY, UT (FHA|USDA|VA) 9 $3,265,000 $362,778 $3,276 2.57%
ALBUQUERQUE, NM (FHA|USDA|VA) 11 $3,255,000 $295,909 $4,041 2.60%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 12 $3,240,000 $270,000 $3,462 2.60%
OKLAHOMA CITY, OK (FHA|USDA|VA) 10 $3,150,000 $315,000 $3,986 2.49%
PORT ST. LUCIE, FL (FHA|USDA|VA) 12 $3,130,000 $260,833 $5,010 3.03%
REDDING, CA (FHA|USDA|VA) 9 $3,105,000 $345,000 $3,469 2.78%
FORT COLLINS, CO (FHA|USDA|VA) 8 $3,070,000 $383,750 $2,355 2.78%
Auburn, NY (FHA|USDA|VA) 16 $2,970,000 $185,625 $3,537 3.06%
Key West, FL (FHA|USDA|VA) 8 $2,970,000 $371,250 $5,507 3.19%
TUCSON, AZ (FHA|USDA|VA) 10 $2,960,000 $296,000 $3,637 2.50%
Helena, MT (FHA|USDA|VA) 6 $2,860,000 $476,667 $3,916 2.60%
EAU CLAIRE, WI (FHA|USDA|VA) 7 $2,845,000 $406,429 $3,322 2.91%
PUNTA GORDA, FL (FHA|USDA|VA) 16 $2,840,000 $177,500 $4,326 2.92%
PITTSFIELD, MA (FHA|USDA|VA) 10 $2,760,000 $276,000 $4,395 3.11%
Truckee-Grass Valley, CA (FHA|USDA|VA) 7 $2,725,000 $389,286 $3,778 2.54%
Bozeman, MT (FHA|USDA|VA) 7 $2,705,000 $386,429 $3,303 2.50%
YORK-HANOVER, PA (FHA|USDA|VA) 12 $2,660,000 $221,667 $5,117 3.14%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $2,620,000 $327,500 $3,723 2.42%
Bennington, VT (FHA|USDA|VA) 10 $2,520,000 $252,000 $3,371 3.11%
KNOXVILLE, TN (FHA|USDA|VA) 8 $2,500,000 $312,500 $3,337 2.73%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 8 $2,400,000 $300,000 $3,708 2.63%
VALLEJO, CA (FHA|USDA|VA) 7 $2,385,000 $340,714 $2,987 2.70%
Morehead City, NC (FHA|USDA|VA) 7 $2,385,000 $340,714 $3,532 3.04%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $2,295,000 $327,857 $3,835 2.73%
Batavia, NY (FHA|USDA|VA) 20 $2,280,000 $114,000 $3,488 3.24%
TULSA, OK (FHA|USDA|VA) 8 $2,240,000 $280,000 $3,895 2.64%
Kalispell, MT (FHA|USDA|VA) 6 $2,190,000 $365,000 $4,599 2.67%
SALINAS, CA (FHA|USDA|VA) 6 $2,170,000 $361,667 $3,102 2.60%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $2,150,000 $268,750 $3,724 3.03%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 7 $2,135,000 $305,000 $2,986 2.73%
SPRINGFIELD, MA (FHA|USDA|VA) 7 $2,105,000 $300,714 $3,639 2.48%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 6 $2,100,000 $350,000 $3,606 2.71%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $2,095,000 $299,286 $3,066 2.64%
Concord, NH (FHA|USDA|VA) 7 $2,085,000 $297,857 $3,432 2.70%
Plattsburgh, NY (FHA|USDA|VA) 12 $2,080,000 $173,333 $3,986 3.36%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $2,060,000 $343,333 $4,618 2.67%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $2,060,000 $343,333 $4,368 2.79%
ERIE, PA (FHA|USDA|VA) 12 $2,030,000 $169,167 $3,603 3.45%
SALISBURY, MD-DE (FHA|USDA|VA) 7 $2,015,000 $287,857 $4,521 2.57%
BATON ROUGE, LA (FHA|USDA|VA) 8 $1,970,000 $246,250 $3,685 2.84%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $1,970,000 $328,333 $3,751 2.79%
SALEM, OR (FHA|USDA|VA) 5 $1,935,000 $387,000 $4,445 2.43%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $1,925,000 $385,000 $2,817 2.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 8 $1,910,000 $238,750 $3,539 2.69%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,820,000 $303,333 $3,381 2.54%
Breckenridge, CO (FHA|USDA|VA) 5 $1,805,000 $361,000 $2,202 2.93%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 6 $1,770,000 $295,000 $3,021 2.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 7 $1,745,000 $249,286 $3,234 2.57%
WINCHESTER, VA-WV (FHA|USDA|VA) 4 $1,720,000 $430,000 $2,678 2.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $1,705,000 $341,000 $4,174 2.65%
PROVO-OREM, UT (FHA|USDA|VA) 5 $1,695,000 $339,000 $3,495 2.90%
FRESNO, CA (FHA|USDA|VA) 6 $1,690,000 $281,667 $3,097 2.60%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 6 $1,680,000 $280,000 $3,037 2.85%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,660,000 $276,667 $4,303 2.77%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $1,655,000 $331,000 $3,047 2.50%
NAPA, CA (FHA|USDA|VA) 4 $1,650,000 $412,500 $3,338 2.59%
SAVANNAH, GA (FHA|USDA|VA) 6 $1,640,000 $273,333 $4,240 2.90%
OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,555,000 $311,000 $3,499 2.70%
Moses Lake, WA (FHA|USDA|VA) 4 $1,520,000 $380,000 $4,022 2.59%
GETTYSBURG, PA (FHA|USDA|VA) 7 $1,475,000 $210,714 $5,919 3.39%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,450,000 $241,667 $4,219 2.79%
Lebanon, NH-VT (FHA|USDA|VA) 4 $1,380,000 $345,000 $4,071 2.91%
LEBANON, PA (FHA|USDA|VA) 7 $1,375,000 $196,429 $4,331 3.21%
BILLINGS, MT (FHA|USDA|VA) 5 $1,365,000 $273,000 $3,207 2.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,365,000 $273,000 $3,670 2.85%
DOTHAN, AL (FHA|USDA|VA) 4 $1,330,000 $332,500 $2,932 2.50%
FLAGSTAFF, AZ (FHA|USDA|VA) 4 $1,290,000 $322,500 $3,004 2.91%
LYNCHBURG, VA (FHA|USDA|VA) 6 $1,270,000 $211,667 $3,380 3.00%
Los Alamos, NM (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,404 2.56%
ROANOKE, VA (FHA|USDA|VA) 4 $1,230,000 $307,500 $1,661 2.66%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 4 $1,230,000 $307,500 $3,175 2.91%
Rutland, VT (FHA|USDA|VA) 3 $1,205,000 $401,667 $7,808 3.00%
FORT WAYNE, IN (FHA|USDA|VA) 4 $1,190,000 $297,500 $2,655 2.63%
SIOUX FALLS, SD (FHA|USDA|VA) 4 $1,190,000 $297,500 $4,797 2.72%
FAYETTEVILLE, NC (FHA|USDA|VA) 5 $1,185,000 $237,000 $2,671 2.43%
GAINESVILLE, GA (FHA|USDA|VA) 4 $1,170,000 $292,500 $3,399 2.88%
NILES, MI (FHA|USDA|VA) 3 $1,165,000 $388,333 $4,528 2.54%
PANAMA CITY, FL (FHA|USDA|VA) 4 $1,150,000 $287,500 $5,299 2.81%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,150,000 $287,500 $3,392 2.72%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $1,140,000 $285,000 $4,625 2.53%
Heber, UT (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,218 2.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,089 2.50%
MERCED, CA (FHA|USDA|VA) 3 $1,095,000 $365,000 $3,530 2.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $1,080,000 $270,000 $4,247 2.41%
Sevierville, TN (FHA|USDA|VA) 3 $1,075,000 $358,333 $3,047 2.54%
GREENVILLE, NC (FHA|USDA|VA) 8 $1,070,000 $133,750 $4,119 3.11%
Mount Airy, NC (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,353 2.42%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $1,045,000 $348,333 $5,196 2.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 4 $1,040,000 $260,000 $2,892 2.38%
GRANTS PASS, OR (FHA|USDA|VA) 3 $985,000 $328,333 $3,984 2.29%
BURLINGTON, NC (FHA|USDA|VA) 4 $980,000 $245,000 $4,056 2.97%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $960,000 $480,000 $5,505 2.81%
EL PASO, TX (FHA|USDA|VA) 3 $935,000 $311,667 $3,133 2.71%
CORVALLIS, OR (FHA|USDA|VA) 3 $925,000 $308,333 $4,015 2.79%
Cortland, NY (FHA|USDA|VA) 6 $910,000 $151,667 $3,544 3.29%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $900,000 $450,000 $4,663 2.31%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $895,000 $298,333 $3,259 2.46%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $880,000 $220,000 $6,186 3.38%
SANTA FE, NM (FHA|USDA|VA) 3 $875,000 $291,667 $4,183 2.54%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $870,000 $435,000 $4,355 2.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $860,000 $430,000 $1,834 2.63%
Sheridan, WY (FHA|USDA|VA) 2 $850,000 $425,000 $4,055 2.56%
MISSOULA, MT (FHA|USDA|VA) 2 $840,000 $420,000 $3,612 3.06%
AMES, IA (FHA|USDA|VA) 2 $840,000 $420,000 $3,522 2.38%
CHICO, CA (FHA|USDA|VA) 3 $835,000 $278,333 $3,065 2.88%
LINCOLN, NE (FHA|USDA|VA) 3 $835,000 $278,333 $2,938 2.54%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $820,000 $410,000 $3,677 2.94%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $810,000 $202,500 $4,578 3.16%
Whitewater, WI (FHA|USDA|VA) 3 $805,000 $268,333 $2,413 2.92%
ITHACA, NY (FHA|USDA|VA) 4 $800,000 $200,000 $5,413 3.41%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $800,000 $400,000 $4,111 2.44%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $790,000 $395,000 $3,654 2.94%
POCATELLO, ID (FHA|USDA|VA) 3 $785,000 $261,667 $4,854 2.71%
GOLDSBORO, NC (FHA|USDA|VA) 3 $785,000 $261,667 $4,376 2.96%
Brainerd, MN (FHA|USDA|VA) 3 $785,000 $261,667 $3,681 2.38%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $780,000 $390,000 $4,191 2.19%
STAUNTON, VA (FHA|USDA|VA) 3 $775,000 $258,333 $3,092 2.92%
THE VILLAGES, FL (FHA|USDA|VA) 3 $765,000 $255,000 $2,900 2.58%
MANKATO, MN (FHA|USDA|VA) 3 $765,000 $255,000 $3,122 2.54%
COLUMBUS, OH (FHA|USDA|VA) 4 $750,000 $187,500 $3,204 2.63%
DOVER, DE (FHA|USDA|VA) 2 $740,000 $370,000 $3,616 2.44%
YUBA CITY, CA (FHA|USDA|VA) 2 $710,000 $355,000 $4,578 2.50%
RACINE, WI (FHA|USDA|VA) 3 $705,000 $235,000 $2,684 2.71%
FARGO, ND-MN (FHA|USDA|VA) 2 $700,000 $350,000 $2,911 2.50%
Seneca, SC (FHA|USDA|VA) 2 $700,000 $350,000 $3,405 2.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $690,000 $345,000 $3,170 2.50%
Barre, VT (FHA|USDA|VA) 2 $690,000 $345,000 $4,174 2.94%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $690,000 $345,000 $4,431 2.63%
Traverse City, MI (FHA|USDA|VA) 2 $690,000 $345,000 $2,404 2.38%
VALDOSTA, GA (FHA|USDA|VA) 2 $680,000 $340,000 $2,974 2.38%
JACKSON, MS (FHA|USDA|VA) 2 $680,000 $340,000 $2,993 2.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $680,000 $340,000 $3,089 2.88%
BELLINGHAM, WA (FHA|USDA|VA) 2 $680,000 $340,000 $3,487 2.44%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $675,000 $225,000 $3,384 2.71%
YAKIMA, WA (FHA|USDA|VA) 2 $670,000 $335,000 $1,612 2.44%
GREELEY, CO (FHA|USDA|VA) 2 $660,000 $330,000 $3,124 2.69%
FLINT, MI (FHA|USDA|VA) 2 $650,000 $325,000 $4,049 3.06%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $650,000 $325,000 $1,866 2.56%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $640,000 $320,000 $2,958 2.69%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $640,000 $320,000 $6,535 2.63%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $640,000 $320,000 $3,741 2.81%
LAS CRUCES, NM (FHA|USDA|VA) 3 $635,000 $211,667 $3,998 2.58%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $620,000 $310,000 $3,041 2.63%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $590,000 $295,000 $2,597 2.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $590,000 $295,000 $3,477 2.94%
Oak Harbor, WA (FHA|USDA|VA) 2 $570,000 $285,000 $3,166 2.31%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $570,000 $285,000 $4,539 2.31%
Shelton, WA (FHA|USDA|VA) 2 $570,000 $285,000 $3,481 2.56%
St. Marys, GA (FHA|USDA|VA) 3 $565,000 $188,333 $3,056 2.96%
CASPER, WY (FHA|USDA|VA) 2 $560,000 $280,000 $3,737 2.94%
SAGINAW, MI (FHA|USDA|VA) 2 $560,000 $280,000 $3,772 2.69%
Outside of Metro Areas 2 $560,000 $280,000 $4,399 2.63%
Athens, TX (FHA|USDA|VA) 2 $550,000 $275,000 $4,581 2.69%
Durant, OK (FHA|USDA|VA) 1 $545,000 $545,000 $4,693 2.50%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $545,000 $545,000 $5,089 2.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $535,000 $178,333 $3,972 3.38%
VISALIA, CA (FHA|USDA|VA) 2 $530,000 $265,000 $5,037 2.88%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $530,000 $265,000 $2,155 2.44%
NEW BERN, NC (FHA|USDA|VA) 3 $525,000 $175,000 $10,747 3.67%
MUSKEGON, MI (FHA|USDA|VA) 2 $520,000 $260,000 $2,417 2.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $520,000 $260,000 $1,986 2.19%
OCALA, FL (FHA|USDA|VA) 3 $515,000 $171,667 $5,011 3.13%
Calhoun, GA (FHA|USDA|VA) 1 $505,000 $505,000 $4,732 2.38%
Greenwood, SC (FHA|USDA|VA) 2 $500,000 $250,000 $1,473 2.88%
PEORIA, IL (FHA|USDA|VA) 2 $500,000 $250,000 $3,432 2.44%
ELMIRA, NY (FHA|USDA|VA) 3 $495,000 $165,000 $4,381 2.96%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $495,000 $495,000 $6,715 2.75%
READING, PA (FHA|USDA|VA) 1 $495,000 $495,000 $3,326 2.25%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $485,000 $485,000 $6,238 2.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $480,000 $240,000 $2,331 2.25%
Alexandria, MN (FHA|USDA|VA) 1 $475,000 $475,000 $2,991 2.50%
Meadville, PA (FHA|USDA|VA) 5 $475,000 $95,000 $1,925 3.15%
ROCKFORD, IL (FHA|USDA|VA) 2 $470,000 $235,000 $3,817 2.63%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $465,000 $465,000 $3,139 2.88%
Cullowhee, NC (FHA|USDA|VA) 1 $465,000 $465,000 $3,141 3.00%
MOBILE, AL (FHA|USDA|VA) 2 $460,000 $230,000 $5,368 2.69%
ST. CLOUD, MN (FHA|USDA|VA) 2 $450,000 $225,000 $3,285 2.44%
Bradford, PA (FHA|USDA|VA) 4 $450,000 $112,500 $3,563 3.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $435,000 $435,000 $4,360 2.50%
Payson, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $4,081 3.00%
Fergus Falls, MN (FHA|USDA|VA) 1 $435,000 $435,000 $4,915 2.75%
Sayre, PA (FHA|USDA|VA) 3 $425,000 $141,667 $4,542 3.08%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $420,000 $210,000 $5,839 2.88%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $410,000 $205,000 $2,783 3.00%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $410,000 $205,000 $829 2.75%
GADSDEN, AL (FHA|USDA|VA) 1 $405,000 $405,000 $3,124 2.50%
Berlin, NH (FHA|USDA|VA) 1 $405,000 $405,000 $485 2.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $400,000 $200,000 $2,577 2.81%
Ruidoso, NM (FHA|USDA|VA) 1 $395,000 $395,000 $3,982 2.75%
Stevens Point, WI (FHA|USDA|VA) 2 $390,000 $195,000 $2,389 2.56%
Hutchinson, MN (FHA|USDA|VA) 1 $385,000 $385,000 $3,130 3.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $3,425 2.63%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $375,000 $375,000 $3,989 3.00%
Pullman, WA (FHA|USDA|VA) 1 $375,000 $375,000 $2,860 2.13%
Vicksburg, MS (FHA|USDA|VA) 1 $375,000 $375,000 $2,633 2.75%
Vineyard Haven, MA (FHA|USDA|VA) 1 $365,000 $365,000 $6,050 2.25%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $355,000 $355,000 $4,560 2.75%
Granbury, TX (FHA|USDA|VA) 1 $355,000 $355,000 $2,800 2.63%
Gallup, NM (FHA|USDA|VA) 1 $355,000 $355,000 $4,199 2.63%
Shawano, WI (FHA|USDA|VA) 2 $350,000 $175,000 $2,685 2.44%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $2,995 3.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $345,000 $345,000 $2,895 2.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $345,000 $345,000 $6,175 2.75%
Cedar City, UT (FHA|USDA|VA) 1 $345,000 $345,000 $4,632 2.38%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $335,000 $335,000 $3,830 2.75%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $335,000 $335,000 $3,953 2.75%
Plymouth, IN (FHA|USDA|VA) 1 $335,000 $335,000 $2,832 2.25%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $335,000 $335,000 $3,304 2.75%
WICHITA, KS (FHA|USDA|VA) 1 $325,000 $325,000 $2,895 2.00%
KANKAKEE, IL (FHA|USDA|VA) 1 $325,000 $325,000 $2,848 2.63%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $325,000 $325,000 $3,199 2.50%
Manitowoc, WI (FHA|USDA|VA) 2 $320,000 $160,000 $2,997 3.06%
Baraboo, WI (FHA|USDA|VA) 1 $315,000 $315,000 $3,715 2.75%
YUMA, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $3,030 2.88%
BISMARCK, ND (FHA|USDA|VA) 1 $305,000 $305,000 $4,119 2.50%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $305,000 $305,000 $3,440 3.00%
Richmond-Berea, KY (FHA|USDA|VA) 1 $305,000 $305,000 $3,553 2.38%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $305,000 $305,000 $2,898 2.50%
Frankfort, KY (FHA|USDA|VA) 1 $295,000 $295,000 $3,298 2.75%
London, KY (FHA|USDA|VA) 1 $295,000 $295,000 $3,680 2.75%
MONTGOMERY, AL (FHA|USDA|VA) 1 $295,000 $295,000 $4,433 2.50%
Duncan, OK (FHA|USDA|VA) 1 $285,000 $285,000 $4,801 2.38%
Laurinburg, NC (FHA|USDA|VA) 1 $285,000 $285,000 $3,661 2.63%
ROME, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,113 2.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $4,156 2.50%
Grand Rapids, MN (FHA|USDA|VA) 1 $285,000 $285,000 $2,991 2.50%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $275,000 $275,000 $3,045 2.50%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $275,000 $275,000 $1,508 2.38%
BRUNSWICK, GA (FHA|USDA|VA) 1 $275,000 $275,000 $3,292 2.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,504 3.00%
RAPID CITY, SD (FHA|USDA|VA) 1 $275,000 $275,000 $3,390 2.88%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $275,000 $275,000 $1,600 2.25%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $4,202 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $275,000 $275,000 $3,153 2.38%
ROCHESTER, MN (FHA|USDA|VA) 1 $265,000 $265,000 $3,547 2.63%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $265,000 $265,000 $3,853 2.13%
Red Wing, MN (FHA|USDA|VA) 1 $255,000 $255,000 $3,635 2.63%
Show Low, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $3,600 3.00%
AKRON, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,638 3.00%
Albertville, AL (FHA|USDA|VA) 1 $255,000 $255,000 $1,400 2.25%
FLORENCE, SC (FHA|USDA|VA) 1 $255,000 $255,000 $2,985 2.13%
Clovis, NM (FHA|USDA|VA) 1 $245,000 $245,000 $8,683 2.25%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,776 2.25%
Port Angeles, WA (FHA|USDA|VA) 1 $245,000 $245,000 $2,893 2.88%
EspaƱola, NM (FHA|USDA|VA) 1 $245,000 $245,000 $4,757 2.50%
Corning, NY (FHA|USDA|VA) 2 $240,000 $120,000 $2,915 3.06%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $235,000 $235,000 $2,855 2.13%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,840 3.00%
Oxford, MS (FHA|USDA|VA) 1 $235,000 $235,000 $4,173 2.75%
CHEYENNE, WY (FHA|USDA|VA) 1 $225,000 $225,000 $3,826 2.25%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,260 2.13%
JACKSON, TN (FHA|USDA|VA) 1 $225,000 $225,000 $3,415 2.75%
Ottawa, IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,846 2.63%
Wilson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,956 3.63%
CLEVELAND, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,868 2.63%
Beaver Dam, WI (FHA|USDA|VA) 1 $215,000 $215,000 $3,225 3.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $1,924 2.38%
Big Spring, TX (FHA|USDA|VA) 1 $205,000 $205,000 $1,048 2.00%
Coldwater, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,776 2.13%
JACKSON, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,778 2.13%
Decatur, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,948 2.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,875 2.88%
Miami, OK (FHA|USDA|VA) 1 $175,000 $175,000 $4,056 3.25%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,685 3.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,307 3.25%
Alexander City, AL (FHA|USDA|VA) 1 $165,000 $165,000 $575 3.00%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,353 3.38%
DECATUR, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,835 2.63%
SUMTER, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $533 3.63%
Mason City, IA (FHA|USDA|VA) 1 $125,000 $125,000 $3,640 2.38%
CHARLESTON, WV (FHA|USDA|VA) 1 $125,000 $125,000 $3,805 2.75%
Pottsville, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,418 3.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.88%
Cullman, AL (FHA|USDA|VA) 1 $95,000 $95,000 $3,045 3.25%
Seneca Falls, NY (FHA|USDA|VA) 2 $90,000 $45,000 $312 3.00%
Rockingham, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,936 3.25%
ALBANY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $2,559 2.38%
Durango, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.50%

Homestead Funding Corp.'s top markets include Albany, Poughkeepsie, New York, Glens Falls, and Washington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 11,171 $3,080,815,000 $275,787 $3,749 2.97%
FHA 1,877 $368,085,000 $196,103 $5,514 3.10%
VA 724 $204,370,000 $282,279 $5,141 2.82%
USDA 204 $34,750,000 $170,343 $2,741 3.06%

For the 2021 period, Homestead Funding Corp.'s most frequently originated loan type of loans were Conventional, with 11,171 originations. Their 2nd most popular type is FHA, with 1,877 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 8,716 $2,120,150,000 $243,248 $4,270 3.11%
Refi 3,857 $1,161,955,000 $301,259 $3,476 2.67%
Cash Out Refi 1,312 $385,040,000 $293,476 $4,250 3.01%
Other 49 $11,155,000 $227,653 $4,020 3.03%
Home Improvement 42 $9,720,000 $231,429 $4,503 3.38%

For the 2021, Homestead Funding Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 8,716 originations. The 2nd most popular reason of loans were Refi, with 3,857 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 11,559 $3,037,725,000 $262,802 $4,161 3.07%
15 Year 1,410 $372,150,000 $263,936 $3,497 2.44%
20 Year 628 $189,240,000 $301,338 $3,468 2.63%
Other 195 $36,605,000 $187,718 $2,582 3.02%
10 Year 162 $44,930,000 $277,346 $3,309 2.16%
30+ year 22 $7,370,000 $335,000 $16,705 3.40%

For the 2021, Homestead Funding Corp.'s most frequently cited loan length of loans were 30 Year, with 11,559 originations. The 2nd most popular length of loans were 15 Year, with 1,410 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 5,854 $1,357,750,000 $231,935
$1k-2k 5,589 $1,630,195,000 $291,679
$2k-3k 949 $255,135,000 $268,846
$3k-4k 670 $197,190,000 $294,313
$5k+ 295 $115,315,000 $390,898

$4,161 of loans were Homestead Funding Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,854 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 5,698 $1,370,770,000 $240,570
2.5-3% 5,656 $1,556,670,000 $275,225
<2.5% 2,332 $716,830,000 $307,389
4-5% 237 $43,095,000 $181,835

During 2021, Homestead Funding Corp.'s average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 5,698 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 7,039 $2,018,575,000 $286,770 $4,324 2.93%
$100k-200k 4,100 $630,610,000 $153,807 $3,476 3.12%
$400k-600k 1,878 $888,040,000 $472,865 $4,650 2.81%
$100,000 or less 833 $59,835,000 $71,831 $2,410 3.11%
$600k-1MM 118 $82,190,000 $696,525 $7,897 3.08%
$1MM+ 8 $8,770,000 $1,096,250 $6,927 3.05%

2021 saw Homestead Funding Corp. place emphasis on $200k-400k loans with 7,039 originations, totaling $2,018,575,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,228 $958,990,000 $297,085 $4,228 2.95%
$50k-75k 3,063 $601,085,000 $196,241 $3,951 3.07%
$75k-100k 2,560 $637,540,000 $249,039 $4,168 3.03%
$150k-250k 2,473 $873,705,000 $353,298 $4,317 2.87%
$50k or less 1,604 $218,760,000 $136,384 $3,303 3.10%
$250k+ 844 $338,300,000 $400,829 $4,372 2.82%

Homestead Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 3,228 originations. The second most popular income band? $50k-75k, with 3,063 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,136 $850,600,000 $271,237 $3,877 2.91%
30-36% 2,665 $707,825,000 $265,600 $4,008 2.99%
<20% 1,175 $330,925,000 $281,638 $3,583 2.76%
39% 544 $142,370,000 $261,710 $4,299 3.04%
42% 537 $141,815,000 $264,088 $4,218 3.05%
37% 513 $131,335,000 $256,014 $4,078 3.03%
43% 508 $128,220,000 $252,402 $4,121 3.07%
41% 492 $130,460,000 $265,163 $4,236 3.07%
44% 486 $123,910,000 $254,959 $4,332 3.11%
40% 484 $121,060,000 $250,124 $4,122 3.05%
36% 479 $123,045,000 $256,879 $3,981 3.03%
38% 469 $121,275,000 $258,582 $3,976 3.05%
45% 408 $103,440,000 $253,529 $4,198 3.09%
46% 396 $101,510,000 $256,338 $4,322 3.05%
49% 388 $105,730,000 $272,500 $4,646 3.08%
48% 367 $97,165,000 $264,755 $4,322 3.07%
50-60% 367 $84,625,000 $230,586 $5,559 3.03%
47% 357 $95,165,000 $266,569 $4,481 3.05%

Homestead Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 3,136 originations. The next most common DTI ratio? 30-36%, with 2,665 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 10,089 $2,598,005,000 $257,509 $3,983 2.99%
Not provided 2,464 $691,370,000 $280,588 $4,139 2.96%
Asian 753 $228,215,000 $303,074 $4,353 2.89%
Black 510 $122,620,000 $240,431 $4,546 3.06%
Asian Indian 64 $22,710,000 $354,844 $4,262 2.65%
American Indian 63 $16,165,000 $256,587 $4,107 2.97%
Native Hawaiian 10 $2,580,000 $258,000 $3,776 3.13%
Chinese 6 $2,310,000 $385,000 $3,726 2.96%
Other Asian 10 $2,100,000 $210,000 $3,637 3.06%
Korean 3 $905,000 $301,667 $1,983 2.67%
Filipino 3 $665,000 $221,667 $3,896 2.71%
Vietnamese 1 $375,000 $375,000 $3,045 2.50%

Approval Rates

Total approvals of all applications
96.75%

Homestead Funding Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
83.59%

Homestead Funding Corp. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 13,976 $3,688,020,000 $263,882

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
13,976 $3,688,020,000 $263,882

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 439 $108,895,000 $248,052 $3,282 2.62%
40-60% 1,870 $542,750,000 $290,241 $3,452 2.67%
60-80% 4,315 $1,232,915,000 $285,728 $3,895 2.99%
80-100% 6,908 $1,700,610,000 $246,180 $4,285 3.10%
Over 100% 172 $50,050,000 $290,988 $9,953 2.97%
Under 20% 122 $6,300,000 $51,639 $892 2.04%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
HOMESTEAD FUNDING CORPORATION Conventional home mortgage Struggling to pay mortgage 1 33.3%
HOMESTEAD FUNDING CORPORATION Conventional home mortgage Trouble during payment process 1 33.3%
HOMESTEAD FUNDING CORPORATION FHA mortgage Closing on a mortgage 1 33.3%