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, Glens Falls, New York, and Bridgeport among others. We have data for 249 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 | 6.39% | 12/2/24 |
| 30 Year Conventional Refi | 6.23% | 12/2/24 |
| 30 Year Cash-out Refi | 6.51% | 12/2/24 |
| 30 Year FHA Purchase | 7.15% | 12/2/24 |
| 30 Year FHA Refi | 6.96% | 12/2/24 |
| 30 Year VA Purchase | 6.27% | 12/2/24 |
| 30 Year VA Refi | 6.05% | 12/2/24 |
| 30 Year USDA Purchase | 6.75% | 12/2/24 |
| 15 Year Conventional Purchase | 5.96% | 12/2/24 |
| 15 Year Conventional Refi | 5.77% | 12/2/24 |
| 15 Year Cash-out Refi | 5.77% | 12/2/24 |
| 15 Year FHA Purchase | 7.03% | 12/2/24 |
| 15 Year VA Refi | 6.04% | 12/2/24 |
| 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
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This is not an official calculator from Homestead Funding Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,619Origination Dollar Volume (All Markets)
$1,358,245,000Awards
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HOMESTEAD FUNDING CORP. - 2018
HOMESTEAD FUNDING CORP. is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 2,030 | $409,150,000 | $201,552 | $3,736 | 4.65% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 513 | $129,115,000 | $251,686 | $5,066 | 4.71% |
| Outside of Metro Areas | 403 | $67,245,000 | $166,861 | $3,241 | 4.76% |
| GLENS FALLS, NY (FHA|USDA|VA) | 341 | $55,035,000 | $161,393 | $3,266 | 4.72% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 137 | $45,655,000 | $333,248 | $5,500 | 4.58% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 124 | $43,870,000 | $353,790 | $5,906 | 4.90% |
| Hudson, NY (FHA|USDA|VA) | 208 | $42,630,000 | $204,952 | $3,461 | 4.71% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 115 | $32,925,000 | $286,304 | $4,717 | 4.70% |
| BINGHAMTON, NY (FHA|USDA|VA) | 244 | $30,490,000 | $124,959 | $2,644 | 4.73% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 90 | $24,300,000 | $270,000 | $3,334 | 4.18% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 152 | $23,160,000 | $152,368 | $2,993 | 4.14% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 137 | $21,365,000 | $155,949 | $3,520 | 4.69% |
| KINGSTON, NY (FHA|USDA|VA) | 99 | $20,175,000 | $203,788 | $3,562 | 4.72% |
| ROCHESTER, NY (FHA|USDA|VA) | 126 | $18,470,000 | $146,587 | $3,151 | 4.70% |
| SYRACUSE, NY (FHA|USDA|VA) | 120 | $16,420,000 | $136,833 | $2,901 | 4.90% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 41 | $13,875,000 | $338,415 | $3,577 | 4.27% |
| Gloversville, NY (FHA|USDA|VA) | 102 | $13,770,000 | $135,000 | $2,710 | 4.85% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 69 | $13,735,000 | $199,058 | $3,155 | 4.53% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 52 | $13,590,000 | $261,346 | $2,894 | 4.13% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 97 | $13,365,000 | $137,784 | $3,373 | 4.82% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 56 | $11,220,000 | $200,357 | $3,506 | 4.84% |
| Oneonta, NY (FHA|USDA|VA) | 75 | $11,095,000 | $147,933 | $3,334 | 4.79% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 36 | $10,210,000 | $283,611 | $3,556 | 4.17% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 44 | $9,160,000 | $208,182 | $3,271 | 4.82% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 36 | $9,040,000 | $251,111 | $2,725 | 4.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 35 | $8,935,000 | $255,286 | $2,766 | 4.20% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 21 | $8,475,000 | $403,571 | $3,126 | 4.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 33 | $8,325,000 | $252,273 | $3,293 | 4.31% |
| Amsterdam, NY (FHA|USDA|VA) | 65 | $7,675,000 | $118,077 | $2,836 | 4.89% |
| LANCASTER, PA (FHA|USDA|VA) | 39 | $7,655,000 | $196,282 | $4,834 | 4.85% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 26 | $6,370,000 | $245,000 | $3,993 | 4.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $6,360,000 | $289,091 | $4,788 | 4.31% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 22 | $6,090,000 | $276,818 | $2,580 | 4.32% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 21 | $5,915,000 | $281,667 | $2,752 | 4.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 24 | $5,710,000 | $237,917 | $3,878 | 4.41% |
| Torrington, CT (FHA|USDA|VA) | 21 | $5,595,000 | $266,429 | $4,969 | 4.76% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $5,550,000 | $252,273 | $3,021 | 4.35% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 24 | $5,430,000 | $226,250 | $2,192 | 4.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 22 | $5,290,000 | $240,455 | $2,369 | 4.20% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 24 | $5,260,000 | $219,167 | $3,762 | 4.69% |
| UTICA-ROME, NY (FHA|USDA|VA) | 42 | $4,910,000 | $116,905 | $2,945 | 4.89% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 21 | $4,415,000 | $210,238 | $3,060 | 4.62% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 17 | $4,285,000 | $252,059 | $2,529 | 4.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 22 | $3,960,000 | $180,000 | $2,660 | 4.70% |
| Key West, FL (FHA|USDA|VA) | 11 | $3,645,000 | $331,364 | $8,486 | 4.74% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $3,400,000 | $340,000 | $3,791 | 4.20% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 12 | $3,390,000 | $282,500 | $2,627 | 4.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $3,145,000 | $241,923 | $4,352 | 4.44% |
| Malone, NY (FHA|USDA|VA) | 27 | $3,015,000 | $111,667 | $2,763 | 4.96% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 13 | $2,795,000 | $215,000 | $2,685 | 4.38% |
| Bennington, VT (FHA|USDA|VA) | 13 | $2,725,000 | $209,615 | $3,249 | 4.68% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 10 | $2,700,000 | $270,000 | $3,228 | 4.24% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $2,625,000 | $291,667 | $3,205 | 4.49% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $2,610,000 | $326,250 | $3,177 | 4.28% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 14 | $2,540,000 | $181,429 | $2,231 | 4.44% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $3,955 | 4.16% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $2,175,000 | $310,714 | $5,150 | 4.07% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $6,439 | 4.06% |
| MADISON, WI (FHA|USDA|VA) | 7 | $2,045,000 | $292,143 | $2,585 | 4.39% |
| FORT WAYNE, IN (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $2,356 | 4.16% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $3,961 | 4.59% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $3,048 | 4.33% |
| APPLETON, WI (FHA|USDA|VA) | 11 | $1,705,000 | $155,000 | $2,558 | 4.39% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $2,615 | 4.89% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $3,488 | 4.32% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $3,604 | 4.44% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $2,252 | 4.31% |
| PITTSBURGH, PA (FHA|USDA|VA) | 8 | $1,610,000 | $201,250 | $3,237 | 4.27% |
| LOUISVILLE, KY (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $2,327 | 4.09% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 17 | $1,555,000 | $91,471 | $2,062 | 4.78% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $2,178 | 4.10% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $3,657 | 4.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $3,560 | 3.83% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $3,627 | 5.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $1,997 | 4.32% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $2,654 | 4.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $3,066 | 4.09% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $3,778 | 4.58% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $12,167 | 4.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $3,903 | 4.30% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $4,005 | 4.08% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $2,429 | 4.33% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $2,929 | 4.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $3,387 | 4.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $4,419 | 4.18% |
| Olean, NY (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $3,834 | 4.79% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $4,382 | 4.58% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $2,368 | 4.28% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,181 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $6,109 | 4.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $3,880 | 4.92% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,158 | 4.08% |
| KANKAKEE, IL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $2,464 | 4.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $4,989 | 4.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,264 | 3.75% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $2,898 | 4.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $2,796 | 4.69% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $3,095 | 4.55% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,126 | 4.16% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $2,250 | 4.28% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $2,902 | 4.31% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $2,847 | 3.96% |
| Batavia, NY (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $3,299 | 5.08% |
| NILES, MI (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,075 | 4.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,122 | 4.54% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,475 | 4.06% |
| Lebanon, NH-VT (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,926 | 4.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $1,612 | 4.22% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $1,591 | 4.46% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $2,110 | 4.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,154 | 4.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $1,362 | 3.81% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,292 | 4.47% |
| Rutland, VT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,701 | 4.75% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,784 | 4.19% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,677 | 4.06% |
| Cullman, AL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $6,724 | 4.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,133 | 4.25% |
| DOVER, DE (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,671 | 4.50% |
| Cortland, NY (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $916 | 5.06% |
| READING, PA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,614 | 4.50% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,149 | 4.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $1,532 | 4.44% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,878 | 4.44% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,729 | 4.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,790 | 4.31% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,624 | 3.75% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,376 | 5.06% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 4.75% |
| Holland, MI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,057 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $1,948 | 3.83% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,095 | 4.33% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,450 | 4.38% |
| VICTORIA, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $1,726 | 4.42% |
| Concord, NH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,651 | 4.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,787 | 4.19% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $13,271 | 4.50% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,873 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 4.81% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,776 | 3.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,623 | 4.42% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,970 | 4.31% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,757 | 4.56% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,325 | 3.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $1,221 | 4.75% |
| RACINE, WI (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,327 | 4.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $730 | 4.38% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,042 | 4.31% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,970 | 4.75% |
| ELMIRA, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,833 | 4.94% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,576 | 4.56% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,422 | 4.25% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,428 | 4.31% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,231 | 4.31% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,094 | 3.88% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,315 | 3.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,794 | 4.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,430 | 3.81% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,542 | 3.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,209 | 4.25% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,054 | 4.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,366 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,801 | 4.25% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,532 | 3.88% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,162 | 4.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,825 | 4.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,658 | 4.38% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,698 | 4.56% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,030 | 4.50% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,079 | 3.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,205 | 4.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,323 | 4.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,664 | 4.38% |
| Plattsburgh, NY (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $2,364 | 4.92% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,323 | 3.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,011 | 4.38% |
| OCALA, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,555 | 4.75% |
| ITHACA, NY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 5.69% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,890 | 4.19% |
| Seneca Falls, NY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,581 | 5.44% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,552 | 3.75% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,147 | 4.81% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,981 | 4.75% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,117 | 4.31% |
| Madison, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,206 | 4.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,439 | 4.69% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,449 | 4.50% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,959 | 4.50% |
| Boone, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,578 | 4.50% |
| Astoria, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $675 | 4.38% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,999 | 4.75% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,024 | 4.50% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,133 | 4.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,746 | 4.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,543 | 3.88% |
| Berlin, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,954 | 4.25% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,208 | 4.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,526 | 3.88% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,452 | 4.63% |
| SALEM, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,559 | 4.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,209 | 4.75% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,558 | 3.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,420 | 4.38% |
| ERIE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,962 | 4.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,457 | 4.25% |
| Shelby, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,520 | 4.38% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $906 | 4.25% |
| Payson, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,178 | 4.38% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,422 | 4.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,842 | 3.88% |
| Sayre, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,075 | 4.38% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,804 | 4.25% |
| Corning, NY (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,258 | 5.38% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,459 | 4.38% |
| Danville, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $677 | 4.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,485 | 5.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,876 | 3.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,224 | 3.38% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,717 | 4.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,796 | 4.63% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,815 | 4.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,628 | 4.13% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,497 | 4.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,692 | 4.75% |
| Seneca, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,322 | 4.00% |
| Union, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,076 | 5.00% |
| Huntington, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,411 | 4.88% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $590 | 4.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,604 | 4.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,777 | 4.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,003 | 4.88% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,894 | 4.50% |
| Auburn, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,910 | 4.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,193 | 4.38% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,292 | 4.63% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,198 | 5.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,230 | 4.50% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,143 | 4.13% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,336 | 5.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,479 | 4.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,975 | 4.50% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,207 | 4.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,019 | 4.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,436 | 5.25% |
| Bradford, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,329 | 5.25% |
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Product Mix
For 2018, Homestead Funding Corp.'s most frequently originated type of loan was Conventional, with 4,271 originations. Their 2nd most popular type was FHA, with 1,653 originations.
Loan Reason
For 2018, Homestead Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 5,801 originations. The 2nd most popular reason was Cash Out Refi, with 400 originations.
Loan Duration/Length
For 2018, Homestead Funding Corp.'s most frequently cited loan duration was 30 Year, with 5,987 originations. The 2nd most popular length was 15 Year, with 403 originations.
Origination Fees/Closing Costs
Homestead Funding Corp.'s average total fees were $3,697, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,820 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 4,575 | $963,115,000 | $210,517 |
| 5-6% | 1,097 | $185,565,000 | $169,157 |
| 3-4% | 923 | $206,765,000 | $224,014 |
| 6-7% | 15 | $1,865,000 | $124,333 |
During 2018, Homestead Funding Corp.'s average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 4,575 originations.
Loan Sizing
2018 saw Homestead Funding Corp. place emphasis on $100k-200k loans with 2,905 originations, totaling $438,435,000 in origination value.
Applicant Income
Homestead Funding Corp. lent most frequently to those with incomes in the $50k-75k range, with 1,817 originations. The second most popular income band? $100k-150k, with 1,394 originations.
Applicant Debt to Income Ratio
Homestead Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 1,110 originations. The next most common DTI ratio? 20-30%, with 1,063 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.84%
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 origination81.96%
Homestead Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 100.0 | 1 | $5,000 | $5,000 |
| NA | 6,618 | $1,358,240,000 | $205,234 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 60 | $7,040,000 | $117,333 |
| Single Family (1-4 Units):Site-Built | 6,559 | $1,351,205,000 | $206,008 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOMESTEAD FUNDING CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |