Homestead Funding Corp. Mortgage Rates, Fees & Info

ALBANY, NY

LEI: 549300T3F9S1MKFKHC53

Tax ID: 14-1770243

5 stars - Updated: 2/26/24 - out of 5 stars, based on 85 reviews

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

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Mortgage Data

Review & Overview

Homestead Funding Corp. is a small mortgage company specializing in Home Purchase 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 by origination volume include: Albany, Poughkeepsie, New York, Binghamton, and Glens Falls among others. We have data for 268 markets. (Some data included below & more in-depth data is available with an active subscription.)

Homestead Funding Corp. 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. Homestead Funding Corp. is typically an average 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.

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 6.39% 2/26/24
30 Year Conventional Refi 6.23% 2/26/24
30 Year Cash-out Refi 6.51% 2/26/24
30 Year FHA Purchase 7.15% 2/26/24
30 Year FHA Refi 6.96% 2/26/24
30 Year VA Purchase 6.27% 2/26/24
30 Year VA Refi 6.05% 2/26/24
30 Year USDA Purchase 6.75% 2/26/24
15 Year Conventional Purchase 5.96% 2/26/24
15 Year Conventional Refi 5.77% 2/26/24
15 Year Cash-out Refi 5.77% 2/26/24
15 Year FHA Purchase 7.03% 2/26/24
15 Year VA Refi 6.04% 2/26/24
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.

Homestead Funding Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Homestead Funding Corp.. 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

7,145

Origination Dollar Volume (All Markets)

$1,859,135,000
Show all (108) awards

Relative Rate

Homestead Funding Corp.'s average 30 year fixed mortgage rate was 4.84%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

Homestead Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $5,075.

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

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
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1,941 $489,355,000 $252,115 $4,905 4.86%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 506 $168,170,000 $332,352 $6,821 4.80%
Outside of Metro Areas 474 $115,940,000 $244,599 $5,650 4.87%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 164 $72,530,000 $442,256 $7,926 4.62%
BINGHAMTON, NY (FHA|USDA|VA) 451 $70,425,000 $156,153 $4,333 5.00%
GLENS FALLS, NY (FHA|USDA|VA) 309 $65,045,000 $210,502 $4,268 4.99%
KINGSTON, NY (FHA|USDA|VA) 188 $59,950,000 $318,883 $5,766 4.85%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 309 $56,825,000 $183,900 $4,569 3.97%
SYRACUSE, NY (FHA|USDA|VA) 291 $50,755,000 $174,416 $4,076 4.96%
Hudson, NY (FHA|USDA|VA) 163 $50,465,000 $309,601 $4,904 4.77%
UTICA-ROME, NY (FHA|USDA|VA) 188 $34,320,000 $182,553 $4,828 4.94%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 74 $29,970,000 $405,000 $5,591 4.63%
Gloversville, NY (FHA|USDA|VA) 122 $22,510,000 $184,508 $4,040 5.07%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 100 $21,120,000 $211,200 $5,788 4.79%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 99 $19,345,000 $195,404 $5,363 4.92%
ROCHESTER, NY (FHA|USDA|VA) 97 $18,465,000 $190,361 $3,999 5.08%
Amsterdam, NY (FHA|USDA|VA) 95 $16,775,000 $176,579 $4,181 4.86%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 43 $15,735,000 $365,930 $5,362 4.11%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 42 $15,450,000 $367,857 $6,995 4.66%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 34 $15,330,000 $450,882 $5,129 3.49%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 38 $13,740,000 $361,579 $4,467 4.98%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 35 $13,385,000 $382,429 $5,168 4.22%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 35 $12,605,000 $360,143 $5,462 4.35%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 37 $12,185,000 $329,324 $6,505 4.69%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 21 $11,355,000 $540,714 $5,457 3.86%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 52 $11,310,000 $217,500 $3,971 4.41%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 29 $10,265,000 $353,966 $5,390 3.83%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 45 $10,145,000 $225,444 $5,158 4.26%
Oneonta, NY (FHA|USDA|VA) 53 $9,995,000 $188,585 $4,280 4.74%
RALEIGH-CARY, NC (FHA|USDA|VA) 23 $9,625,000 $418,478 $5,272 4.52%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $9,335,000 $373,400 $4,994 4.57%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 17 $9,315,000 $547,941 $5,015 3.98%
LANCASTER, PA (FHA|USDA|VA) 36 $8,480,000 $235,556 $6,353 5.18%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 23 $8,275,000 $359,783 $4,882 4.59%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 23 $8,205,000 $356,739 $3,992 4.10%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 18 $7,830,000 $435,000 $4,570 4.70%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 22 $7,820,000 $355,455 $5,866 3.86%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 45 $7,165,000 $159,222 $4,147 5.06%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 18 $6,960,000 $386,667 $5,662 4.26%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 16 $6,750,000 $421,875 $4,032 4.16%
WILMINGTON, NC (FHA|USDA|VA) 19 $6,595,000 $347,105 $4,629 5.14%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $6,555,000 $385,588 $5,502 4.24%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 20 $6,490,000 $324,500 $4,962 4.01%
Malone, NY (FHA|USDA|VA) 49 $6,255,000 $127,653 $3,567 4.97%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 17 $6,225,000 $366,176 $3,543 4.10%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $5,970,000 $597,000 $7,726 4.34%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $5,390,000 $385,000 $5,104 4.17%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $5,285,000 $480,455 $6,210 4.51%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 14 $5,260,000 $375,714 $4,005 3.45%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $5,170,000 $430,833 $4,651 3.94%
Torrington, CT (FHA|USDA|VA) 20 $4,960,000 $248,000 $5,876 4.59%
WORCESTER, MA-CT (FHA|USDA|VA) 20 $4,270,000 $213,500 $4,538 3.58%
Olean, NY (FHA|USDA|VA) 33 $4,125,000 $125,000 $3,621 5.16%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $3,855,000 $350,455 $4,759 4.86%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 13 $3,815,000 $293,462 $4,253 4.38%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 10 $3,780,000 $378,000 $4,604 4.14%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $3,660,000 $457,500 $8,816 4.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $3,475,000 $315,909 $3,523 3.74%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $3,430,000 $428,750 $3,845 3.41%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,215,000 $459,286 $4,680 4.18%
PUNTA GORDA, FL (FHA|USDA|VA) 10 $3,170,000 $317,000 $5,630 4.74%
APPLETON, WI (FHA|USDA|VA) 10 $2,960,000 $296,000 $3,517 4.98%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,580,000 $258,000 $3,821 4.76%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $2,515,000 $359,286 $6,440 3.13%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $2,500,000 $416,667 $7,397 5.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $2,405,000 $343,571 $4,689 4.13%
BOULDER, CO (FHA|USDA|VA) 3 $2,355,000 $785,000 $2,650 4.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $2,185,000 $312,143 $5,225 3.89%
Plattsburgh, NY (FHA|USDA|VA) 10 $2,110,000 $211,000 $4,715 4.89%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $2,100,000 $525,000 $4,070 4.78%
ASHEVILLE, NC (FHA|USDA|VA) 6 $1,960,000 $326,667 $4,791 3.90%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 7 $1,905,000 $272,143 $4,992 4.52%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,900,000 $316,667 $2,834 4.19%
Kalispell, MT (FHA|USDA|VA) 4 $1,880,000 $470,000 $7,031 3.91%
LOUISVILLE, KY (FHA|USDA|VA) 6 $1,880,000 $313,333 $6,609 4.46%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,865,000 $373,000 $2,809 5.08%
Ogdensburg-Massena, NY (FHA|USDA|VA) 14 $1,850,000 $132,143 $3,696 5.17%
Rutland, VT (FHA|USDA|VA) 8 $1,850,000 $231,250 $3,574 5.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,750,000 $437,500 $3,945 3.56%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,735,000 $347,000 $9,767 3.35%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,705,000 $341,000 $9,759 4.58%
Albertville, AL (FHA|USDA|VA) 3 $1,705,000 $568,333 $16,158 3.92%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,685,000 $337,000 $4,999 3.83%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,585,000 $317,000 $4,139 4.48%
Batavia, NY (FHA|USDA|VA) 14 $1,540,000 $110,000 $3,190 5.33%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,515,000 $505,000 $4,205 4.58%
Auburn, NY (FHA|USDA|VA) 7 $1,485,000 $212,143 $5,498 5.46%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 7 $1,445,000 $206,429 $6,941 5.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $1,440,000 $360,000 $2,816 3.78%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,430,000 $357,500 $5,240 5.28%
GREEN BAY, WI (FHA|USDA|VA) 3 $1,425,000 $475,000 $6,531 4.54%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $1,410,000 $352,500 $3,765 4.00%
ITHACA, NY (FHA|USDA|VA) 4 $1,400,000 $350,000 $7,746 4.81%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $1,400,000 $350,000 $7,512 4.34%
RICHMOND, VA (FHA|USDA|VA) 4 $1,400,000 $350,000 $5,760 2.97%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 6 $1,400,000 $233,333 $3,511 4.54%
PITTSFIELD, MA (FHA|USDA|VA) 5 $1,315,000 $263,000 $3,345 4.78%
OCALA, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $8,338 5.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,662 3.16%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,245,000 $415,000 $6,866 4.38%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $1,245,000 $415,000 $5,227 3.54%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,230,000 $307,500 $3,980 4.22%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $1,225,000 $245,000 $3,689 4.93%
GREENVILLE, NC (FHA|USDA|VA) 7 $1,185,000 $169,286 $4,352 6.04%
Bozeman, MT (FHA|USDA|VA) 3 $1,165,000 $388,333 $6,211 3.50%
GAINESVILLE, GA (FHA|USDA|VA) 3 $1,125,000 $375,000 $6,294 4.08%
Steamboat Springs, CO (FHA|USDA|VA) 2 $1,110,000 $555,000 $4,221 3.50%
RACINE, WI (FHA|USDA|VA) 2 $1,110,000 $555,000 $3,331 3.56%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $1,100,000 $550,000 $5,454 3.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,855 4.00%
TUCSON, AZ (FHA|USDA|VA) 4 $1,080,000 $270,000 $2,778 3.03%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,868 4.25%
PITTSBURGH, PA (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,195 4.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $1,025,000 $341,667 $4,893 4.38%
Cortland, NY (FHA|USDA|VA) 6 $1,010,000 $168,333 $4,995 4.85%
SAVANNAH, GA (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,540 4.31%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $980,000 $490,000 $10,331 3.19%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $975,000 $325,000 $3,692 5.21%
KNOXVILLE, TN (FHA|USDA|VA) 3 $965,000 $321,667 $2,000 3.83%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $945,000 $315,000 $4,732 3.96%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $880,000 $440,000 $3,856 5.06%
ANN ARBOR, MI (FHA|USDA|VA) 2 $870,000 $435,000 $4,599 4.06%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $870,000 $435,000 $3,603 3.13%
Corning, NY (FHA|USDA|VA) 6 $860,000 $143,333 $3,314 5.48%
Jackson, WY-ID (FHA|USDA|VA) 2 $860,000 $430,000 $3,876 4.25%
Sonora, CA (FHA|USDA|VA) 3 $855,000 $285,000 $0 3.92%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $815,000 $163,000 $3,691 5.03%
MADISON, WI (FHA|USDA|VA) 2 $810,000 $405,000 $3,062 4.06%
Georgetown, SC (FHA|USDA|VA) 2 $790,000 $395,000 $4,425 2.63%
LONGVIEW, WA (FHA|USDA|VA) 2 $790,000 $395,000 $2,467 3.75%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $785,000 $261,667 $4,362 3.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $780,000 $390,000 $4,369 4.75%
STOCKTON, CA (FHA|USDA|VA) 2 $780,000 $390,000 $4,465 3.63%
TULSA, OK (FHA|USDA|VA) 2 $780,000 $390,000 $4,624 3.25%
Heber, UT (FHA|USDA|VA) 1 $765,000 $765,000 $4,165 3.88%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $755,000 $251,667 $5,010 3.83%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $740,000 $370,000 $5,332 5.31%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $725,000 $241,667 $3,459 4.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $725,000 $725,000 $3,782 4.63%
VALLEJO, CA (FHA|USDA|VA) 2 $710,000 $355,000 $4,795 4.06%
DOVER, DE (FHA|USDA|VA) 2 $710,000 $355,000 $11,779 2.69%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $690,000 $345,000 $4,313 4.00%
ROANOKE, VA (FHA|USDA|VA) 1 $685,000 $685,000 $5,767 4.75%
Seneca, SC (FHA|USDA|VA) 3 $675,000 $225,000 $3,922 3.96%
COLUMBIA, SC (FHA|USDA|VA) 3 $675,000 $225,000 $3,808 4.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $675,000 $675,000 $4,732 4.50%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $645,000 $645,000 $3,968 4.38%
MOBILE, AL (FHA|USDA|VA) 1 $645,000 $645,000 $3,110 2.13%
SALINAS, CA (FHA|USDA|VA) 1 $645,000 $645,000 $3,065 3.88%
Sayre, PA (FHA|USDA|VA) 2 $640,000 $320,000 $7,750 4.50%
Enterprise, AL (FHA|USDA|VA) 2 $640,000 $320,000 $3,331 3.81%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $625,000 $208,333 $7,277 4.42%
Bennington, VT (FHA|USDA|VA) 3 $625,000 $208,333 $3,476 5.25%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $610,000 $305,000 $3,916 4.81%
SALEM, OR (FHA|USDA|VA) 1 $605,000 $605,000 $5,745 5.13%
Lebanon, NH-VT (FHA|USDA|VA) 2 $600,000 $300,000 $4,787 3.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $600,000 $300,000 $12,034 5.13%
Key West, FL (FHA|USDA|VA) 1 $595,000 $595,000 $20,535 5.75%
Marion, NC (FHA|USDA|VA) 1 $585,000 $585,000 $3,883 7.00%
BEND, OR (FHA|USDA|VA) 2 $580,000 $290,000 $6,025 3.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $575,000 $575,000 $3,065 3.75%
LAS CRUCES, NM (FHA|USDA|VA) 2 $570,000 $285,000 $3,600 5.00%
AMARILLO, TX (FHA|USDA|VA) 2 $570,000 $285,000 $2,209 4.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $565,000 $188,333 $4,240 4.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $560,000 $280,000 $10,566 5.94%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $3,670 3.50%
Cookeville, TN (FHA|USDA|VA) 1 $555,000 $555,000 $5,247 5.00%
COLUMBUS, OH (FHA|USDA|VA) 2 $540,000 $270,000 $2,596 4.38%
YUMA, AZ (FHA|USDA|VA) 1 $535,000 $535,000 $11,278 4.25%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $520,000 $260,000 $4,319 5.50%
BATON ROUGE, LA (FHA|USDA|VA) 2 $520,000 $260,000 $3,480 3.38%
Breckenridge, CO (FHA|USDA|VA) 1 $515,000 $515,000 $0 4.13%
Sturgis, MI (FHA|USDA|VA) 1 $515,000 $515,000 $8,220 4.50%
Oak Harbor, WA (FHA|USDA|VA) 1 $505,000 $505,000 $3,288 3.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $500,000 $250,000 $6,602 5.38%
THE VILLAGES, FL (FHA|USDA|VA) 2 $500,000 $250,000 $4,562 4.25%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $490,000 $245,000 $4,861 5.06%
Whitewater, WI (FHA|USDA|VA) 2 $490,000 $245,000 $3,513 5.44%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $485,000 $485,000 $7,283 6.63%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $485,000 $485,000 $8,158 4.63%
BOISE CITY, ID (FHA|USDA|VA) 1 $475,000 $475,000 $1,739 4.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $470,000 $235,000 $3,013 3.56%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $470,000 $235,000 $3,407 3.25%
PROVO-OREM, UT (FHA|USDA|VA) 1 $465,000 $465,000 $6,167 3.75%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $460,000 $230,000 $3,369 3.94%
Marshalltown, IA (FHA|USDA|VA) 1 $455,000 $455,000 $4,794 5.38%
Brevard, NC (FHA|USDA|VA) 2 $440,000 $220,000 $10,654 5.19%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $440,000 $220,000 $4,667 5.13%
Boone, NC (FHA|USDA|VA) 1 $415,000 $415,000 $3,751 3.25%
GETTYSBURG, PA (FHA|USDA|VA) 2 $400,000 $200,000 $4,751 3.56%
Willmar, MN (FHA|USDA|VA) 1 $395,000 $395,000 $3,748 3.00%
BILLINGS, MT (FHA|USDA|VA) 1 $395,000 $395,000 $4,139 3.13%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $385,000 $385,000 $3,028 2.75%
JACKSON, MI (FHA|USDA|VA) 1 $385,000 $385,000 $3,040 2.63%
Barre, VT (FHA|USDA|VA) 1 $385,000 $385,000 $3,715 3.38%
Sandusky, OH (FHA|USDA|VA) 1 $385,000 $385,000 $3,658 2.50%
Outside of Metro Areas 1 $375,000 $375,000 $4,196 3.25%
NAPA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $6,715 4.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $365,000 $365,000 $7,080 5.00%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $365,000 $365,000 $4,670 2.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,662 4.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $355,000 $355,000 $5,198 6.00%
Blackfoot, ID (FHA|USDA|VA) 1 $355,000 $355,000 $5,199 2.75%
Concord, NH (FHA|USDA|VA) 1 $355,000 $355,000 $4,450 3.00%
SANTA FE, NM (FHA|USDA|VA) 1 $345,000 $345,000 $5,865 2.88%
Freeport, IL (FHA|USDA|VA) 1 $345,000 $345,000 $3,803 5.38%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $335,000 $335,000 $3,217 3.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $2,849 2.50%
Clovis, NM (FHA|USDA|VA) 1 $335,000 $335,000 $6,730 4.38%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $6,523 4.75%
Washington, NC (FHA|USDA|VA) 1 $325,000 $325,000 $0 5.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $11,862 5.25%
Somerset, KY (FHA|USDA|VA) 1 $325,000 $325,000 $8,198 4.13%
DOTHAN, AL (FHA|USDA|VA) 1 $325,000 $325,000 $3,805 2.88%
SPARTANBURG, SC (FHA|USDA|VA) 1 $325,000 $325,000 $4,702 4.50%
GREELEY, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,313 4.88%
FLINT, MI (FHA|USDA|VA) 1 $315,000 $315,000 $2,935 2.13%
Manitowoc, WI (FHA|USDA|VA) 1 $305,000 $305,000 $3,435 3.25%
Jefferson, GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,345 3.38%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $305,000 $305,000 $4,020 4.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,118 3.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $295,000 $295,000 $5,297 4.25%
Pullman, WA (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.38%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $285,000 $285,000 $6,702 3.75%
WHEELING, WV-OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,040 3.13%
MIDLAND, TX (FHA|USDA|VA) 1 $285,000 $285,000 $1,623 2.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $2,965 3.75%
BANGOR, ME (FHA|USDA|VA) 1 $275,000 $275,000 $4,978 2.38%
MERCED, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,735 3.00%
LEBANON, PA (FHA|USDA|VA) 1 $275,000 $275,000 $8,198 5.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $255,000 $255,000 $7,776 2.75%
Scottsboro, AL (FHA|USDA|VA) 1 $255,000 $255,000 $4,948 4.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $245,000 $245,000 $4,385 5.88%
New Castle, IN (FHA|USDA|VA) 1 $245,000 $245,000 $3,708 5.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $3,543 3.63%
LINCOLN, NE (FHA|USDA|VA) 1 $235,000 $235,000 $2,838 3.00%
Shelby, NC (FHA|USDA|VA) 1 $235,000 $235,000 $830 6.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $6,951 5.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,000 3.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,362 6.63%
Arcadia, FL (FHA|USDA|VA) 2 $220,000 $110,000 $4,578 4.50%
Alamogordo, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.88%
Sanford, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,836 5.63%
Laramie, WY (FHA|USDA|VA) 1 $215,000 $215,000 $3,806 3.75%
FARGO, ND-MN (FHA|USDA|VA) 1 $215,000 $215,000 $2,770 3.88%
Mount Vernon, OH (FHA|USDA|VA) 1 $205,000 $205,000 $3,527 6.38%
CLEVELAND, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,000 3.13%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $205,000 $205,000 $5,015 4.50%
ELMIRA, NY (FHA|USDA|VA) 2 $200,000 $100,000 $2,722 5.19%
Seneca Falls, NY (FHA|USDA|VA) 1 $195,000 $195,000 $4,263 7.38%
Red Bluff, CA (FHA|USDA|VA) 1 $195,000 $195,000 $3,000 3.00%
Lufkin, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,607 4.13%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.75%
Brownwood, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,171 6.00%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,562 6.00%
Lewistown, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,495 7.50%
Keene, NH (FHA|USDA|VA) 1 $165,000 $165,000 $6,820 4.50%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,765 4.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,963 5.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $145,000 $145,000 $4,707 3.38%
Plymouth, IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,435 3.75%
NEW BERN, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.38%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,873 4.50%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $3,817 3.25%
Bradford, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,967 4.00%
Tahlequah, OK (FHA|USDA|VA) 1 $65,000 $65,000 $3,790 3.25%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,358 4.25%
Sunbury, PA (FHA|USDA|VA) 1 $45,000 $45,000 $3,877 6.13%
Homestead Funding Corp.'s top markets include Albany, Poughkeepsie, New York, Binghamton, and Glens Falls among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,591 $1,513,815,000 $270,759 $4,614 4.71%
    FHA 1,164 $243,070,000 $208,823 $6,484 4.88%
    VA 299 $86,715,000 $290,017 $8,036 4.70%
    USDA 91 $15,535,000 $170,714 $3,133 4.71%

    For 2022, Homestead Funding Corp.'s most frequently originated type of loan was Conventional, with 5,591 originations. Their 2nd most popular type was FHA, with 1,164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,126 $1,555,340,000 $253,892 $5,050 4.88%
    Cash Out Refi 508 $154,980,000 $305,079 $5,319 4.05%
    Refi 410 $125,190,000 $305,341 $4,843 3.50%
    Home Improvement 58 $12,880,000 $222,069 $5,314 4.80%
    Other 43 $10,745,000 $249,884 $5,225 4.60%

    For 2022, Homestead Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 6,126 originations. The 2nd most popular reason was Cash Out Refi, with 508 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,564 $1,710,660,000 $260,612 $5,075 4.84%
    15 Year 358 $91,730,000 $256,229 $4,475 3.48%
    20 Year 125 $38,755,000 $310,040 $4,316 3.49%
    Other 57 $5,875,000 $103,070 $1,556 3.88%
    10 Year 24 $6,320,000 $263,333 $4,197 2.98%
    30+ year 17 $5,795,000 $340,882 $29,745 5.28%

    For 2022, Homestead Funding Corp.'s most frequently cited loan duration was 30 Year, with 6,564 originations. The 2nd most popular length was 15 Year, with 358 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,777 $645,025,000 $232,274
    $1k-2k 1,845 $498,155,000 $270,003
    $2k-3k 725 $179,555,000 $247,662
    $5k+ 576 $224,460,000 $389,688
    $3k-4k 486 $129,610,000 $266,687
    $4k-5k 290 $86,360,000 $297,793

    Homestead Funding Corp.'s average total fees were $5,075, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,777 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 2,333 $597,325,000 $256,033
    3-4% 1,797 $483,035,000 $268,801
    4-5% 1,563 $423,835,000 $271,168
    6-7% 801 $195,265,000 $243,777
    2.5-3% 286 $93,580,000 $327,203
    <2.5% 200 $33,730,000 $168,650
    7-8% 125 $31,875,000 $255,000
    Over 8% 1 $235,000 $235,000

    During 2022, Homestead Funding Corp.'s average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 5-6%, with 2,333 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,361 $943,465,000 $280,710 $5,497 4.76%
    $100k-200k 2,209 $338,935,000 $153,434 $3,979 4.92%
    $400k-600k 809 $381,935,000 $472,108 $7,051 4.63%
    $100,000 or less 544 $34,010,000 $62,518 $2,326 4.08%
    $600k-1MM 211 $145,985,000 $691,872 $7,425 4.58%
    $1MM+ 11 $14,805,000 $1,345,909 $14,091 4.68%

    2022 saw Homestead Funding Corp. place emphasis on $200k-400k loans with 3,361 originations, totaling $943,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,731 $324,095,000 $187,230 $4,396 4.71%
    $100k-150k 1,684 $499,400,000 $296,556 $5,510 4.76%
    $75k-100k 1,409 $335,105,000 $237,832 $5,050 4.75%
    $150k-250k 1,137 $419,995,000 $369,389 $6,241 4.82%
    $50k or less 789 $101,835,000 $129,068 $3,637 4.62%
    $250k+ 379 $174,035,000 $459,195 $6,000 4.76%

    Homestead Funding Corp. lent most frequently to those with incomes in the $50k-75k range, with 1,731 originations. The second most popular income band? $100k-150k, with 1,684 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,255 $323,745,000 $257,964 $4,692 4.63%
    30-36% 1,245 $315,145,000 $253,129 $4,655 4.70%
    43% 361 $94,015,000 $260,429 $4,944 4.86%
    44% 358 $96,040,000 $268,268 $5,301 4.87%
    <20% 342 $93,550,000 $273,538 $4,511 4.56%
    42% 320 $82,830,000 $258,844 $5,055 4.89%
    50-60% 316 $78,710,000 $249,082 $6,886 4.86%
    49% 313 $85,935,000 $274,553 $5,968 4.86%
    40% 308 $81,650,000 $265,097 $4,912 4.70%
    41% 306 $80,900,000 $264,379 $4,964 4.74%
    39% 284 $77,980,000 $274,577 $4,669 4.83%
    38% 276 $75,160,000 $272,319 $4,882 4.58%
    45% 250 $64,580,000 $258,320 $5,491 4.79%
    48% 246 $68,900,000 $280,081 $5,733 4.78%
    36% 246 $63,690,000 $258,902 $5,291 4.75%
    37% 239 $62,415,000 $261,151 $5,004 4.77%
    47% 219 $57,295,000 $261,621 $5,642 4.81%
    46% 215 $55,285,000 $257,140 $6,348 4.83%
    >60% 1 $5,000 $5,000 $350 1.00%

    Homestead Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 1,255 originations. The next most common DTI ratio? 30-36%, with 1,245 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,287 $1,348,215,000 $255,006 $4,971 4.74%
    Not provided 1,092 $302,280,000 $276,813 $5,268 4.77%
    Asian 354 $108,930,000 $307,712 $5,389 4.82%
    Black 333 $78,985,000 $237,192 $5,479 4.51%
    American Indian 29 $7,275,000 $250,862 $4,569 4.24%
    Asian Indian 21 $5,345,000 $254,524 $5,469 4.63%
    Other Asian 9 $2,285,000 $253,889 $5,373 5.21%
    Native Hawaiian or Islander 7 $1,555,000 $222,143 $7,480 5.29%
    Filipino 6 $1,450,000 $241,667 $6,056 3.71%
    Chinese 4 $1,410,000 $352,500 $7,449 3.50%
    Korean 1 $935,000 $935,000 $1,671 4.88%
    Other Pacific Islander 2 $470,000 $235,000 $6,587 5.25%

    Approval Rates

    Total approvals of all applications
    96.07%

    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
    78.96%

    Homestead Funding Corp. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,145 $1,859,135,000 $260,201

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,145 $1,859,135,000 $260,201

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 157 $31,155,000 $198,439 $4,285 4.38%
    40-60% 545 $141,295,000 $259,257 $4,739 4.20%
    60-80% 1,811 $510,895,000 $282,107 $5,200 4.70%
    80-100% 4,388 $1,143,560,000 $260,611 $5,087 4.92%
    Over 100% 88 $27,500,000 $312,500 $12,361 4.90%
    Under 20% 153 $4,195,000 $27,418 $539 1.33%