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, New York, Glens Falls, and Hudson among others. We have data for 272 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.23% | 4/21/24 |
| 30 Year Cash-out Refi | 6.51% | 4/21/24 |
| 30 Year FHA Purchase | 7.15% | 4/21/24 |
| 30 Year FHA Refi | 6.96% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Refi | 6.05% | 4/21/24 |
| 30 Year USDA Purchase | 6.75% | 4/21/24 |
| 15 Year Conventional Purchase | 5.96% | 4/21/24 |
| 15 Year Conventional Refi | 5.77% | 4/21/24 |
| 15 Year Cash-out Refi | 5.77% | 4/21/24 |
| 15 Year FHA Purchase | 7.03% | 4/21/24 |
| 15 Year VA Refi | 6.04% | 4/21/24 |
| 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
8,178Origination Dollar Volume (All Markets)
$1,820,350,000Awards
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HOMESTEAD FUNDING CORP. - 2019
HOMESTEAD FUNDING CORP. is a 2019 , due to their low .
For 2019, 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) | 2,191 | $463,345,000 | $211,476 | $3,780 | 4.12% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 536 | $142,150,000 | $265,205 | $4,570 | 4.13% |
| Outside of Metro Areas | 520 | $88,380,000 | $169,962 | $3,309 | 4.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 190 | $69,310,000 | $364,789 | $5,636 | 4.03% |
| GLENS FALLS, NY (FHA|USDA|VA) | 385 | $66,065,000 | $171,597 | $3,303 | 4.16% |
| Hudson, NY (FHA|USDA|VA) | 228 | $52,360,000 | $229,649 | $3,600 | 4.16% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 163 | $50,315,000 | $308,681 | $4,567 | 4.17% |
| BINGHAMTON, NY (FHA|USDA|VA) | 331 | $45,135,000 | $136,360 | $2,773 | 4.17% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 262 | $42,630,000 | $162,710 | $2,563 | 3.71% |
| SYRACUSE, NY (FHA|USDA|VA) | 255 | $37,895,000 | $148,608 | $3,175 | 4.26% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 100 | $36,030,000 | $360,300 | $5,783 | 4.44% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 99 | $31,345,000 | $316,616 | $3,413 | 3.76% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 77 | $30,905,000 | $401,364 | $4,391 | 3.67% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 168 | $30,100,000 | $179,167 | $3,552 | 4.12% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 84 | $25,180,000 | $299,762 | $4,180 | 3.74% |
| KINGSTON, NY (FHA|USDA|VA) | 101 | $22,645,000 | $224,208 | $3,605 | 4.06% |
| ROCHESTER, NY (FHA|USDA|VA) | 136 | $21,230,000 | $156,103 | $3,401 | 4.22% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 123 | $20,085,000 | $163,293 | $3,649 | 4.21% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 64 | $18,130,000 | $283,281 | $4,689 | 3.86% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 70 | $16,940,000 | $242,000 | $3,055 | 4.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 53 | $16,935,000 | $319,528 | $4,314 | 3.81% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 52 | $15,600,000 | $300,000 | $3,875 | 3.80% |
| Gloversville, NY (FHA|USDA|VA) | 103 | $15,155,000 | $147,136 | $3,040 | 4.26% |
| LANCASTER, PA (FHA|USDA|VA) | 77 | $14,165,000 | $183,961 | $3,984 | 4.27% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 48 | $13,480,000 | $280,833 | $3,635 | 3.80% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 49 | $13,335,000 | $272,143 | $3,663 | 3.84% |
| UTICA-ROME, NY (FHA|USDA|VA) | 81 | $12,525,000 | $154,630 | $3,346 | 4.15% |
| Oneonta, NY (FHA|USDA|VA) | 80 | $11,750,000 | $146,875 | $2,989 | 4.18% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 55 | $11,545,000 | $209,909 | $3,082 | 4.01% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 39 | $11,425,000 | $292,949 | $5,676 | 3.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 35 | $11,285,000 | $322,429 | $4,022 | 3.78% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 38 | $11,050,000 | $290,789 | $3,544 | 3.55% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 29 | $11,025,000 | $380,172 | $3,257 | 3.72% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 21 | $9,925,000 | $472,619 | $4,317 | 3.70% |
| Amsterdam, NY (FHA|USDA|VA) | 79 | $9,775,000 | $123,734 | $2,916 | 4.32% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 33 | $8,835,000 | $267,727 | $3,342 | 3.91% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 34 | $8,830,000 | $259,706 | $3,951 | 3.78% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 18 | $8,350,000 | $463,889 | $5,132 | 3.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 27 | $8,045,000 | $297,963 | $4,524 | 3.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 26 | $7,810,000 | $300,385 | $4,447 | 3.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 31 | $7,595,000 | $245,000 | $4,455 | 4.16% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 28 | $7,390,000 | $263,929 | $3,147 | 3.87% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 27 | $7,285,000 | $269,815 | $4,082 | 3.73% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 22 | $7,040,000 | $320,000 | $4,708 | 3.59% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 18 | $6,980,000 | $387,778 | $3,118 | 3.74% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 23 | $6,475,000 | $281,522 | $3,149 | 3.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 19 | $6,425,000 | $338,158 | $4,429 | 3.70% |
| WILMINGTON, NC (FHA|USDA|VA) | 27 | $6,135,000 | $227,222 | $3,105 | 4.35% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 21 | $6,075,000 | $289,286 | $4,112 | 3.81% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 28 | $5,770,000 | $206,071 | $2,705 | 3.90% |
| Torrington, CT (FHA|USDA|VA) | 24 | $5,590,000 | $232,917 | $4,382 | 4.06% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 18 | $4,950,000 | $275,000 | $2,996 | 4.23% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 17 | $4,755,000 | $279,706 | $3,332 | 3.89% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 15 | $4,625,000 | $308,333 | $3,348 | 3.80% |
| Malone, NY (FHA|USDA|VA) | 39 | $4,225,000 | $108,333 | $2,446 | 4.42% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 21 | $3,975,000 | $189,286 | $3,465 | 3.79% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 15 | $3,905,000 | $260,333 | $3,817 | 3.77% |
| RICHMOND, VA (FHA|USDA|VA) | 13 | $3,705,000 | $285,000 | $3,903 | 3.62% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 14 | $3,670,000 | $262,143 | $3,779 | 4.04% |
| Key West, FL (FHA|USDA|VA) | 11 | $3,615,000 | $328,636 | $5,894 | 4.20% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 20 | $3,590,000 | $179,500 | $3,647 | 4.08% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 15 | $3,555,000 | $237,000 | $4,253 | 3.84% |
| GREEN BAY, WI (FHA|USDA|VA) | 13 | $3,305,000 | $254,231 | $3,162 | 3.90% |
| APPLETON, WI (FHA|USDA|VA) | 16 | $3,250,000 | $203,125 | $2,745 | 3.98% |
| MADISON, WI (FHA|USDA|VA) | 9 | $3,185,000 | $353,889 | $3,100 | 3.51% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 10 | $3,010,000 | $301,000 | $3,000 | 3.94% |
| PITTSBURGH, PA (FHA|USDA|VA) | 14 | $3,000,000 | $214,286 | $3,427 | 4.02% |
| Olean, NY (FHA|USDA|VA) | 21 | $2,865,000 | $136,429 | $3,569 | 4.40% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $2,855,000 | $317,222 | $3,855 | 3.71% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 18 | $2,820,000 | $156,667 | $2,591 | 4.29% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 23 | $2,685,000 | $116,739 | $2,603 | 4.56% |
| ASHEVILLE, NC (FHA|USDA|VA) | 9 | $2,635,000 | $292,778 | $4,776 | 3.58% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $4,527 | 3.64% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $2,475,000 | $353,571 | $5,650 | 3.64% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 9 | $2,435,000 | $270,556 | $4,814 | 3.90% |
| COLUMBIA, SC (FHA|USDA|VA) | 9 | $2,425,000 | $269,444 | $4,299 | 3.39% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $3,656 | 3.58% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 7 | $2,195,000 | $313,571 | $4,152 | 3.57% |
| Bennington, VT (FHA|USDA|VA) | 12 | $2,110,000 | $175,833 | $3,002 | 4.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $2,877 | 3.55% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,995,000 | $285,000 | $4,163 | 3.73% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $4,310 | 3.70% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $4,763 | 3.53% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $3,566 | 4.05% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $4,392 | 3.78% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $3,413 | 3.84% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $3,206 | 3.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $4,943 | 3.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $4,108 | 3.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $4,958 | 3.17% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $4,344 | 3.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $5,580 | 3.35% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $8,347 | 3.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $3,444 | 3.81% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $4,501 | 3.80% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $4,671 | 3.90% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $6,176 | 3.42% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $4,907 | 3.47% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $5,555 | 3.68% |
| PITTSFIELD, MA (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,403 | 3.98% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $4,029 | 3.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $2,968 | 4.48% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $2,892 | 3.65% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $3,524 | 3.77% |
| ITHACA, NY (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $2,714 | 4.85% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $2,491 | 4.33% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $2,865 | 3.22% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $3,314 | 3.13% |
| TULSA, OK (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $6,634 | 4.16% |
| BEND, OR (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $5,722 | 3.54% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $2,604 | 3.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $2,341 | 3.92% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $4,417 | 3.65% |
| Plattsburgh, NY (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $3,148 | 4.30% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $3,460 | 4.00% |
| TYLER, TX (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $3,873 | 3.67% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $2,879 | 3.72% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,822 | 3.29% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $2,028 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,147 | 3.46% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,094 | 4.08% |
| RACINE, WI (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $1,897 | 3.44% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $3,095 | 3.75% |
| Batavia, NY (FHA|USDA|VA) | 8 | $810,000 | $101,250 | $2,408 | 4.30% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,264 | 3.69% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,254 | 3.94% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,784 | 3.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,387 | 4.00% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,344 | 3.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $2,509 | 4.28% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,816 | 3.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $3,574 | 4.31% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,384 | 3.75% |
| Seneca, SC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,903 | 4.17% |
| Auburn, NY (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $6,161 | 4.56% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,361 | 3.19% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,016 | 3.81% |
| Cortland, NY (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $3,152 | 4.48% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,130 | 3.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,302 | 3.56% |
| Concord, NH (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,246 | 3.81% |
| Easton, MD (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $1,953 | 3.50% |
| Rutland, VT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,715 | 4.69% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,647 | 3.50% |
| Boone, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,755 | 4.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,602 | 3.46% |
| Cullman, AL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,943 | 3.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,102 | 3.25% |
| DOVER, DE (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,388 | 3.81% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,963 | 3.71% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,137 | 3.38% |
| WACO, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,245 | 4.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,159 | 3.96% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,687 | 3.44% |
| REDDING, CA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,374 | 3.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,532 | 3.75% |
| OCALA, FL (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $3,138 | 4.20% |
| GREENVILLE, NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,673 | 3.92% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,828 | 4.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,202 | 4.00% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,416 | 3.94% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,208 | 3.94% |
| Bradford, PA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,557 | 4.13% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,099 | 4.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,754 | 3.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,172 | 4.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,151 | 3.94% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,483 | 3.25% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $19,503 | 3.75% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,999 | 4.38% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,256 | 4.06% |
| ELMIRA, NY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,269 | 3.81% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,855 | 3.56% |
| Outside of Metro Areas | 2 | $460,000 | $230,000 | $3,928 | 3.38% |
| Somerset, KY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,011 | 3.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,655 | 4.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,311 | 3.31% |
| Sonora, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,132 | 4.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,957 | 3.63% |
| Durant, OK (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,267 | 3.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,633 | 4.31% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,270 | 3.94% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,558 | 3.06% |
| Brevard, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,682 | 4.19% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,237 | 3.75% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,070 | 2.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,174 | 3.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,742 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,915 | 4.06% |
| Selma, AL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,864 | 4.31% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,900 | 3.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,502 | 4.38% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,389 | 3.75% |
| Corning, NY (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,559 | 4.58% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,926 | 3.63% |
| Bedford, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,336 | 3.50% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,546 | 4.00% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,172 | 3.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,340 | 3.50% |
| FLINT, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,387 | 4.19% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,254 | 4.13% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,472 | 3.88% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,883 | 3.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,383 | 3.63% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,676 | 3.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,782 | 3.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,860 | 3.38% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,441 | 4.50% |
| Laconia, NH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,966 | 3.88% |
| Astoria, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,031 | 3.50% |
| St. Marys, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,932 | 4.50% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,136 | 4.13% |
| Crossville, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,607 | 3.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,551 | 3.75% |
| ERIE, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,217 | 3.50% |
| McAlester, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,693 | 3.38% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,635 | 3.38% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,195 | 4.13% |
| Fairmont, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,094 | 3.75% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,686 | 3.38% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,040 | 3.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,448 | 3.13% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,343 | 3.38% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,598 | 3.50% |
| Sanford, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,796 | 4.25% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,604 | 3.88% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,589 | 3.88% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,137 | 4.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,294 | 4.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $530 | 4.13% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,377 | 3.88% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,434 | 3.75% |
| ENID, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $425 | 2.88% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,371 | 4.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,514 | 3.88% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,201 | 3.75% |
| NILES, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,742 | 4.25% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,192 | 3.63% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,612 | 3.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $90 | 4.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $736 | 3.00% |
| READING, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,294 | 3.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,332 | 3.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,345 | 3.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,092 | 3.88% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,551 | 3.63% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,126 | 3.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,497 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,857 | 2.88% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,815 | 3.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,851 | 4.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,675 | 4.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,824 | 4.75% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $852 | 4.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,821 | 4.63% |
| Meadville, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,182 | 4.06% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $622 | 3.75% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,781 | 4.00% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,657 | 4.25% |
| Marquette, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,526 | 3.88% |
| Fremont, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,268 | 3.75% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,638 | 4.25% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,393 | 5.13% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,269 | 3.63% |
| Marion, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,046 | 4.13% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $530 | 3.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,695 | 3.88% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,904 | 4.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,634 | 4.75% |
| Keene, NH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,708 | 4.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.88% |
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Product Mix
For 2019, Homestead Funding Corp.'s most frequently originated type of loan was Conventional, with 5,441 originations. Their 2nd most popular type was FHA, with 1,822 originations.
Loan Reason
For 2019, Homestead Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 6,519 originations. The 2nd most popular reason was Refi, with 1,004 originations.
Loan Duration/Length
For 2019, Homestead Funding Corp.'s most frequently cited loan duration was 30 Year, with 7,359 originations. The 2nd most popular length was 15 Year, with 526 originations.
Origination Fees/Closing Costs
Homestead Funding Corp.'s average total fees were $3,702, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,367 originations.
Interest Rates
During 2019, Homestead Funding Corp.'s average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 4,364 originations.
Loan Sizing
2019 saw Homestead Funding Corp. place emphasis on $200k-400k loans with 3,543 originations, totaling $978,455,000 in origination value.
Applicant Income
Homestead Funding Corp. lent most frequently to those with incomes in the $50k-75k range, with 2,086 originations. The second most popular income band? $100k-150k, with 1,798 originations.
Applicant Debt to Income Ratio
Homestead Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 1,462 originations. The next most common DTI ratio? 20-30%, with 1,450 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.17%
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 origination81.66%
Homestead Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,178 | $1,820,350,000 | $222,591 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 73 | $8,775,000 | $120,205 |
| Single Family (1-4 Units):Site-Built | 8,105 | $1,811,575,000 | $223,513 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOMESTEAD FUNDING CORPORATION | Reverse mortgage | Closing on a mortgage | 1 | 100.0% |