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, Buffalo, and New York among others. We have data for 194 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 4/5/25 |
| 30 Year Conventional Refi | 6.55% | 4/5/25 |
| 30 Year Cash-out Refi | 6.89% | 4/5/25 |
| 30 Year FHA Purchase | 7.15% | 4/5/25 |
| 30 Year FHA Refi | 6.93% | 4/5/25 |
| 30 Year VA Purchase | 6.56% | 4/5/25 |
| 30 Year VA Refi | 5.93% | 4/5/25 |
| 30 Year USDA Purchase | 6.74% | 4/5/25 |
| 15 Year Conventional Purchase | 5.10% | 4/5/25 |
| 15 Year Conventional Refi | 5.49% | 4/5/25 |
| 15 Year Cash-out Refi | 5.49% | 4/5/25 |
| 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
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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
5,241Origination Dollar Volume (All Markets)
$1,474,385,000Awards
HOMESTEAD FUNDING CORP. - 2024
HOMESTEAD FUNDING CORP. is a 2024 , due to their low .
For 2024, 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
6.51%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Homestead Funding Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $4,894.
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 $8,356.
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) | 1,454 | $412,440,000 | $283,659 | $5,063 | 6.53% |
| Outside of Metro Areas | 746 | $197,580,000 | $264,853 | $5,079 | 6.33% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 289 | $109,755,000 | $379,775 | $6,045 | 6.58% |
| BINGHAMTON, NY (FHA|USDA|VA) | 382 | $70,940,000 | $185,707 | $3,736 | 6.55% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 244 | $57,830,000 | $237,008 | $5,106 | 6.58% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 98 | $53,680,000 | $547,755 | $7,068 | 6.54% |
| KINGSTON, NY (FHA|USDA|VA) | 136 | $49,840,000 | $366,471 | $5,280 | 6.61% |
| SYRACUSE, NY (FHA|USDA|VA) | 209 | $44,675,000 | $213,756 | $4,660 | 6.66% |
| GLENS FALLS, NY (FHA|USDA|VA) | 182 | $41,720,000 | $229,231 | $4,583 | 6.47% |
| Hudson, NY (FHA|USDA|VA) | 105 | $39,435,000 | $375,571 | $5,166 | 6.54% |
| UTICA-ROME, NY (FHA|USDA|VA) | 159 | $30,905,000 | $194,371 | $4,148 | 6.55% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 107 | $27,035,000 | $252,664 | $6,444 | 5.98% |
| PITTSBURGH, PA (FHA|USDA|VA) | 105 | $24,455,000 | $232,905 | $4,683 | 6.18% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 80 | $18,550,000 | $231,875 | $5,274 | 6.42% |
| Gloversville, NY (FHA|USDA|VA) | 81 | $16,745,000 | $206,728 | $4,095 | 6.51% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 36 | $15,050,000 | $418,056 | $5,045 | 6.89% |
| Amsterdam, NY (FHA|USDA|VA) | 72 | $13,780,000 | $191,389 | $3,611 | 6.52% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 20 | $12,930,000 | $646,500 | $3,721 | 6.17% |
| ROCHESTER, NY (FHA|USDA|VA) | 63 | $10,725,000 | $170,238 | $4,667 | 6.58% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 23 | $10,105,000 | $439,348 | $3,674 | 5.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 22 | $9,870,000 | $448,636 | $6,222 | 6.22% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 17 | $7,595,000 | $446,765 | $4,527 | 6.36% |
| Oneonta, NY (FHA|USDA|VA) | 39 | $6,925,000 | $177,564 | $3,857 | 6.59% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 17 | $6,095,000 | $358,529 | $6,338 | 6.59% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 13 | $6,025,000 | $463,462 | $3,879 | 6.33% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $5,255,000 | $477,727 | $5,298 | 6.43% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $4,905,000 | $445,909 | $3,095 | 6.02% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $4,680,000 | $390,000 | $4,132 | 6.68% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $4,480,000 | $560,000 | $5,619 | 5.86% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 13 | $4,135,000 | $318,077 | $6,072 | 5.41% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $4,060,000 | $406,000 | $4,361 | 6.07% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,990,000 | $399,000 | $4,660 | 6.56% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 10 | $3,790,000 | $379,000 | $3,586 | 6.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 15 | $3,645,000 | $243,000 | $3,246 | 6.72% |
| LANCASTER, PA (FHA|USDA|VA) | 14 | $3,560,000 | $254,286 | $6,288 | 6.72% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $3,535,000 | $321,364 | $4,391 | 6.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $3,280,000 | $410,000 | $3,691 | 6.41% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $3,060,000 | $382,500 | $4,411 | 6.33% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $2,920,000 | $365,000 | $3,969 | 6.27% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,880,000 | $720,000 | $4,232 | 6.46% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 23 | $2,785,000 | $121,087 | $3,588 | 6.64% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $2,705,000 | $541,000 | $8,470 | 6.63% |
| MADISON, WI (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $4,123 | 5.80% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 6 | $2,500,000 | $416,667 | $4,899 | 6.58% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $2,445,000 | $489,000 | $3,410 | 6.10% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $4,784 | 6.04% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,300,000 | $383,333 | $1,954 | 6.79% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $7,071 | 6.29% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $3,058 | 6.43% |
| Bennington, VT (FHA|USDA|VA) | 7 | $2,145,000 | $306,429 | $6,161 | 6.61% |
| Auburn, NY (FHA|USDA|VA) | 11 | $2,045,000 | $185,909 | $3,383 | 6.70% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $7,913 | 6.70% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,955,000 | $391,000 | $8,449 | 6.25% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 12 | $1,930,000 | $160,833 | $3,155 | 6.53% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $3,942 | 6.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,835,000 | $611,667 | $3,743 | 6.37% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $8,146 | 6.81% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $4,053 | 6.58% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $5,648 | 6.35% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $3,514 | 6.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $3,277 | 6.40% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $1,650,000 | $825,000 | $1,190 | 6.31% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $5,874 | 6.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $5,916 | 6.81% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $8,363 | 6.66% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $3,244 | 6.58% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $1,284 | 6.04% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $4,615 | 6.59% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $5,629 | 6.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $3,533 | 7.06% |
| Somerset, PA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $5,533 | 6.38% |
| Olean, NY (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $3,218 | 7.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $3,152 | 6.59% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $3,161 | 6.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $6,973 | 6.06% |
| Malone, NY (FHA|USDA|VA) | 9 | $1,195,000 | $132,778 | $2,542 | 6.60% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $4,261 | 6.43% |
| Batavia, NY (FHA|USDA|VA) | 8 | $1,150,000 | $143,750 | $5,987 | 6.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $13,325 | 7.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $2,824 | 6.20% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $2,685 | 6.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $3,546 | 6.94% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $5,255 | 7.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $3,465 | 6.83% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $6,093 | 6.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $4,014 | 6.63% |
| RAPID CITY, SD (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $2,618 | 5.81% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $5,767 | 6.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,282 | 5.96% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $2,628 | 5.94% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $3,517 | 6.18% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $6,772 | 6.08% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,429 | 6.71% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,528 | 6.29% |
| Cortland, NY (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $4,213 | 6.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $9,113 | 6.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,213 | 6.19% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,695 | 6.44% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,266 | 7.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 6.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,788 | 6.49% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,297 | 7.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,726 | 6.31% |
| Brevard, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,276 | 6.18% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,303 | 6.81% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,833 | 6.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,915 | 6.94% |
| Plattsburgh, NY (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,744 | 6.46% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,946 | 6.49% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,621 | 6.94% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,394 | 6.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $13,302 | 5.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $84 | 6.49% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,685 | 6.49% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,201 | 6.37% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,601 | 6.94% |
| GREENVILLE, NC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,531 | 6.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,915 | 5.75% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,821 | 6.75% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,911 | 6.63% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,815 | 5.56% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,793 | 6.44% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,699 | 6.63% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,185 | 5.99% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,024 | 7.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 6.50% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,441 | 6.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,753 | 5.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,411 | 6.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,644 | 5.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,331 | 7.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,694 | 7.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,219 | 6.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $10,777 | 5.63% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.63% |
| OCALA, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,316 | 6.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,172 | 6.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,290 | 6.38% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,820 | 6.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,873 | 6.56% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,241 | 5.88% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.38% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $741 | 6.13% |
| FLINT, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,452 | 6.00% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,877 | 5.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,701 | 5.88% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 5.99% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,058 | 5.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,864 | 6.38% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,521 | 6.50% |
| READING, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,658 | 6.38% |
| Riverton, WY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,586 | 6.38% |
| Rutland, VT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,690 | 6.25% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,755 | 6.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,270 | 6.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,591 | 6.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $858 | 7.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,216 | 5.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,530 | 6.25% |
| Seneca, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,611 | 5.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,883 | 6.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 6.38% |
| Indiana, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,614 | 6.93% |
| DOVER, DE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,034 | 6.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,050 | 7.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,133 | 6.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,732 | 5.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,701 | 6.75% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $880 | 5.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,377 | 5.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,517 | 6.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,125 | 6.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,100 | 7.63% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,506 | 6.63% |
| Corning, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,619 | 6.63% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,249 | 5.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,602 | 6.50% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,038 | 6.13% |
| Shawano, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,299 | 5.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,257 | 6.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,296 | 6.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,153 | 5.63% |
| New Castle, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,950 | 5.75% |
| Sayre, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,436 | 6.50% |
| ELMIRA, NY (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,359 | 6.44% |
| Logansport, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,128 | 6.63% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,071 | 6.63% |
| Meadville, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,079 | 6.38% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,591 | 6.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,483 | 5.99% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,846 | 7.13% |
| Warren, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,637 | 6.50% |
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 2024, Homestead Funding Corp.'s most frequently originated type of loan was Conventional, with 4,234 originations. Their 2nd most popular type was FHA, with 750 originations.
Loan Reason
For 2024, Homestead Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 4,951 originations. The 2nd most popular reason was Refi, with 137 originations.
Loan Duration/Length
For 2024, Homestead Funding Corp.'s most frequently cited loan duration was 30 Year, with 5,031 originations. The 2nd most popular length was 15 Year, with 102 originations.
Origination Fees/Closing Costs
Homestead Funding Corp.'s average total fees were $4,894, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,592 originations.
Interest Rates
During 2024, Homestead Funding Corp.'s average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 6-7%, with 3,586 originations.
Loan Sizing
2024 saw Homestead Funding Corp. place emphasis on $200k-400k loans with 2,600 originations, totaling $743,030,000 in origination value.
Applicant Income
Homestead Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 1,365 originations. The second most popular income band? $50k-75k, with 1,074 originations.
Applicant Debt to Income Ratio
Homestead Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 905 originations. The next most common DTI ratio? 20-30%, with 794 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.86%
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 origination82.75%
Homestead Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,241 | $1,474,385,000 | $281,317 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,241 | $1,474,385,000 | $281,317 |