Homestead Funding Corp. Mortgage Rates, Fees & Info
ALBANY, NYLEI: 549300T3F9S1MKFKHC53
Tax ID: 14-1770243
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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, Binghamton, Glens Falls, and New York among others. We have data for 185 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.39% | 12/17/24 |
| 30 Year Conventional Refi | 6.23% | 12/17/24 |
| 30 Year Cash-out Refi | 6.51% | 12/17/24 |
| 30 Year FHA Purchase | 7.15% | 12/17/24 |
| 30 Year FHA Refi | 6.96% | 12/17/24 |
| 30 Year VA Purchase | 6.27% | 12/17/24 |
| 30 Year VA Refi | 6.05% | 12/17/24 |
| 30 Year USDA Purchase | 6.75% | 12/17/24 |
| 15 Year Conventional Purchase | 5.96% | 12/17/24 |
| 15 Year Conventional Refi | 5.77% | 12/17/24 |
| 15 Year Cash-out Refi | 5.77% | 12/17/24 |
| 15 Year FHA Purchase | 7.03% | 12/17/24 |
| 15 Year VA Refi | 6.04% | 12/17/24 |
| 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
4,794Origination Dollar Volume (All Markets)
$1,217,880,000Awards
HOMESTEAD FUNDING CORP. - 2023
HOMESTEAD FUNDING CORP. is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Homestead Funding Corp.'s average 30 year fixed mortgage rate was
6.4%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
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 $5,227.
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 $9,089.
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) | 1,284 | $341,240,000 | $265,763 | $5,416 | 6.45% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 281 | $95,705,000 | $340,587 | $7,447 | 6.71% |
| Outside of Metro Areas | 315 | $80,635,000 | $255,984 | $5,484 | 6.56% |
| BINGHAMTON, NY (FHA|USDA|VA) | 360 | $58,190,000 | $161,639 | $3,994 | 6.67% |
| GLENS FALLS, NY (FHA|USDA|VA) | 243 | $53,455,000 | $219,979 | $4,640 | 6.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 94 | $42,080,000 | $447,660 | $8,489 | 6.61% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 258 | $41,330,000 | $160,194 | $3,779 | 4.57% |
| KINGSTON, NY (FHA|USDA|VA) | 130 | $40,770,000 | $313,615 | $6,182 | 6.78% |
| SYRACUSE, NY (FHA|USDA|VA) | 224 | $39,800,000 | $177,679 | $4,453 | 6.66% |
| UTICA-ROME, NY (FHA|USDA|VA) | 180 | $35,000,000 | $194,444 | $4,643 | 6.55% |
| Hudson, NY (FHA|USDA|VA) | 96 | $34,570,000 | $360,104 | $6,100 | 6.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 93 | $19,245,000 | $206,935 | $4,541 | 5.56% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 87 | $18,765,000 | $215,690 | $5,880 | 6.19% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 50 | $16,790,000 | $335,800 | $5,531 | 5.97% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 72 | $16,680,000 | $231,667 | $5,465 | 6.57% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 61 | $16,415,000 | $269,098 | $6,244 | 6.90% |
| Gloversville, NY (FHA|USDA|VA) | 71 | $14,415,000 | $203,028 | $4,109 | 6.58% |
| Amsterdam, NY (FHA|USDA|VA) | 69 | $12,525,000 | $181,522 | $4,076 | 6.53% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 51 | $12,375,000 | $242,647 | $5,233 | 5.29% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 29 | $10,505,000 | $362,241 | $5,848 | 6.70% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 30 | $10,130,000 | $337,667 | $5,950 | 6.43% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 28 | $10,040,000 | $358,571 | $6,636 | 6.83% |
| Oneonta, NY (FHA|USDA|VA) | 45 | $9,265,000 | $205,889 | $4,428 | 6.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 31 | $9,205,000 | $296,935 | $5,664 | 6.41% |
| ROCHESTER, NY (FHA|USDA|VA) | 44 | $7,430,000 | $168,864 | $4,185 | 6.52% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 30 | $6,960,000 | $232,000 | $5,756 | 5.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $5,630,000 | $351,875 | $4,596 | 6.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $5,600,000 | $466,667 | $5,925 | 6.59% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 15 | $5,365,000 | $357,667 | $5,830 | 6.21% |
| LANCASTER, PA (FHA|USDA|VA) | 19 | $4,755,000 | $250,263 | $5,761 | 7.01% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $4,610,000 | $461,000 | $6,738 | 6.29% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 15 | $4,495,000 | $299,667 | $4,014 | 6.86% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $4,205,000 | $467,222 | $3,400 | 6.25% |
| Torrington, CT (FHA|USDA|VA) | 24 | $4,200,000 | $175,000 | $4,236 | 5.03% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $4,095,000 | $372,273 | $3,868 | 6.61% |
| Malone, NY (FHA|USDA|VA) | 29 | $3,975,000 | $137,069 | $3,349 | 6.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $3,685,000 | $335,000 | $5,796 | 6.09% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $3,370,000 | $842,500 | $10,650 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $3,255,000 | $361,667 | $4,658 | 6.53% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 19 | $2,865,000 | $150,789 | $4,868 | 6.79% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $6,146 | 6.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,705,000 | $300,556 | $3,632 | 6.22% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $2,630,000 | $438,333 | $3,060 | 6.35% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $2,405,000 | $343,571 | $5,670 | 6.07% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 16 | $2,330,000 | $145,625 | $4,178 | 6.77% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,230,000 | $557,500 | $3,973 | 6.34% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $6,096 | 6.02% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $3,979 | 6.56% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $5,950 | 6.27% |
| Olean, NY (FHA|USDA|VA) | 12 | $1,970,000 | $164,167 | $3,711 | 6.80% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,890,000 | $472,500 | $2,951 | 6.78% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $3,982 | 6.53% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $7,921 | 6.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $2,694 | 7.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $4,549 | 6.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $4,729 | 6.40% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $8,473 | 7.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $3,971 | 6.06% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $575 | 6.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $3,373 | 6.28% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $7,684 | 6.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $5,547 | 6.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,689 | 6.08% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $9,233 | 7.21% |
| Auburn, NY (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $6,497 | 6.46% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $1,960 | 6.81% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $6,033 | 7.13% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $2,460 | 7.25% |
| Cortland, NY (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $7,706 | 6.66% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $13,244 | 6.63% |
| OCALA, FL (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $5,777 | 6.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $3,823 | 6.60% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,912 | 6.19% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $4,809 | 6.88% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,157 | 6.92% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $8,422 | 5.83% |
| Key West, FL (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $12,367 | 5.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $4,447 | 6.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,443 | 6.67% |
| Batavia, NY (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $7,658 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $1,859 | 6.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $7,343 | 6.42% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,749 | 6.25% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,356 | 5.75% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,147 | 6.83% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $6,257 | 6.71% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 7.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $2,169 | 6.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $12,847 | 7.13% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $4,540 | 7.09% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,789 | 7.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,073 | 5.88% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $3,404 | 5.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,729 | 6.38% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $2,898 | 6.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $2,071 | 6.56% |
| Plattsburgh, NY (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $3,208 | 7.06% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,155 | 6.69% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,533 | 6.56% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,984 | 6.69% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,098 | 6.06% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $10,651 | 6.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $575 | 6.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,930 | 6.19% |
| ELMIRA, NY (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $10,896 | 6.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 7.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,547 | 6.31% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $11,174 | 6.25% |
| Durango, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,965 | 6.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,805 | 7.19% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,708 | 7.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,473 | 6.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,655 | 6.56% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,593 | 7.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,674 | 6.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,071 | 6.50% |
| Barre, VT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 7.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,844 | 6.63% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,734 | 5.38% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 5.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $779 | 5.88% |
| Albert Lea, MN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,559 | 6.69% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,939 | 6.56% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,842 | 5.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,134 | 6.44% |
| Durant, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,818 | 7.13% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,849 | 5.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,378 | 5.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,444 | 5.75% |
| MADISON, WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,504 | 6.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,200 | 5.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,768 | 7.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,965 | 8.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,888 | 6.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,710 | 7.25% |
| El Campo, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,887 | 6.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 7.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,285 | 7.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,391 | 6.50% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,727 | 5.75% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,723 | 6.00% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.63% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,665 | 6.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,990 | 6.25% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,888 | 6.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,345 | 6.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,997 | 6.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,854 | 7.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,495 | 6.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,986 | 5.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,340 | 7.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,280 | 5.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,900 | 6.75% |
| DOVER, DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,919 | 7.00% |
| Bonham, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,855 | 6.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 5.50% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $901 | 7.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,858 | 7.13% |
| Holland, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,328 | 6.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,595 | 6.25% |
| Keene, NH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,779 | 6.75% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,039 | 5.88% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,193 | 6.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $653 | 5.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,653 | 6.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,101 | 5.63% |
| Seneca, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,583 | 5.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,175 | 5.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,218 | 7.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,984 | 7.00% |
| Alpena, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,227 | 6.75% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,754 | 7.50% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,859 | 6.13% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,986 | 7.38% |
| Corning, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,179 | 6.63% |
| Shawano, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,627 | 7.13% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,029 | 6.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,182 | 5.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,163 | 7.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.00% |
| Meadville, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,275 | 6.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against HOMESTEAD FUNDING CORP. 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 2023, Homestead Funding Corp.'s most frequently originated type of loan was Conventional, with 3,601 originations. Their 2nd most popular type was FHA, with 920 originations.
Loan Reason
For 2023, Homestead Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 4,599 originations. The 2nd most popular reason was Cash Out Refi, with 92 originations.
Loan Duration/Length
For 2023, Homestead Funding Corp.'s most frequently cited loan duration was 30 Year, with 4,682 originations. The 2nd most popular length was 15 Year, with 60 originations.
Origination Fees/Closing Costs
Homestead Funding Corp.'s average total fees were $5,227, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,843 originations.
Interest Rates
During 2023, Homestead Funding Corp.'s average interest rate for loans was 6.40%, while their most frequently originated rate bucket for loans was 6-7%, with 2,495 originations.
Loan Sizing
2023 saw Homestead Funding Corp. place emphasis on $200k-400k loans with 2,257 originations, totaling $636,205,000 in origination value.
Applicant Income
Homestead Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 1,162 originations. The second most popular income band? $50k-75k, with 1,109 originations.
Applicant Debt to Income Ratio
Homestead Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 874 originations. The next most common DTI ratio? 20-30%, with 690 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.85%
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 origination79.89%
Homestead Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,794 | $1,217,880,000 | $254,043 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,794 | $1,217,880,000 | $254,043 |