Home Savings Bank Mortgage Rates, Fees & Info

Youngstown, OH

LEI: 549300VL8SV6D5TQO645

Tax ID: 34-1936418

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Home Savings Bank is a smaller bank specializing in Home Purchase loans. Home Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Youngstown, Cleveland, Pittsburgh, Columbus, and Morgantown among others. We have data for 85 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Home Savings Bank 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    3,494

    Origination Dollar Volume (All Markets)

    $790,650,000
    Show all (13) awards

    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
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 792 $110,960,000 $140,101 $3,080 4.32%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 370 $98,050,000 $265,000 $3,568 4.35%
    PITTSBURGH, PA (FHA|USDA|VA) 246 $91,740,000 $372,927 $5,226 4.18%
    COLUMBUS, OH (FHA|USDA|VA) 168 $84,140,000 $500,833 $4,405 4.23%
    MORGANTOWN, WV (FHA|USDA|VA) 301 $64,055,000 $212,807 $3,958 4.18%
    AKRON, OH (FHA|USDA|VA) 193 $54,035,000 $279,974 $3,319 4.13%
    TOLEDO, OH (FHA|USDA|VA) 138 $33,760,000 $244,638 $3,896 4.31%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 17 $31,545,000 $1,855,588 $4,276 4.65%
    Salem, OH (FHA|USDA|VA) 290 $30,170,000 $104,034 $2,584 4.54%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 124 $29,510,000 $237,984 $3,762 4.24%
    Outside of Metro Areas 84 $16,090,000 $191,548 $4,429 4.34%
    Fairmont, WV (FHA|USDA|VA) 73 $14,525,000 $198,973 $4,342 4.11%
    Clarksburg, WV (FHA|USDA|VA) 54 $10,640,000 $197,037 $4,656 4.33%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 44 $9,880,000 $224,545 $3,491 4.20%
    WHEELING, WV-OH (FHA|USDA|VA) 55 $9,725,000 $176,818 $4,041 4.44%
    Sandusky, OH (FHA|USDA|VA) 64 $8,640,000 $135,000 $2,868 4.53%
    Norwalk, OH (FHA|USDA|VA) 84 $6,340,000 $75,476 $2,303 4.46%
    MANSFIELD, OH (FHA|USDA|VA) 34 $5,880,000 $172,941 $3,301 4.26%
    Wooster, OH (FHA|USDA|VA) 25 $5,735,000 $229,400 $4,072 4.53%
    Ashland, OH (FHA|USDA|VA) 34 $4,220,000 $124,118 $3,189 4.56%
    Mount Vernon, OH (FHA|USDA|VA) 12 $3,630,000 $302,500 $4,672 4.30%
    Fremont, OH (FHA|USDA|VA) 23 $3,575,000 $155,435 $3,751 4.17%
    Marietta, OH (FHA|USDA|VA) 14 $3,480,000 $248,571 $4,897 4.48%
    Athens, OH (FHA|USDA|VA) 2 $3,460,000 $1,730,000 $4,606 4.38%
    LOUISVILLE, KY (FHA|USDA|VA) 12 $3,420,000 $285,000 $3,596 4.28%
    Tiffin, OH (FHA|USDA|VA) 31 $3,325,000 $107,258 $2,722 4.42%
    Bucyrus-Galion, OH (FHA|USDA|VA) 6 $3,300,000 $550,000 $4,799 4.39%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 20 $3,150,000 $157,500 $3,492 4.64%
    MONROE, MI (FHA|USDA|VA) 11 $3,135,000 $285,000 $3,973 4.06%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 12 $3,110,000 $259,167 $3,178 4.45%
    Ashtabula, OH (FHA|USDA|VA) 14 $2,580,000 $184,286 $3,962 4.35%
    New Castle, PA (FHA|USDA|VA) 14 $2,520,000 $180,000 $5,306 4.42%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $2,165,000 $240,556 $3,789 4.47%
    Cambridge, OH (FHA|USDA|VA) 7 $1,695,000 $242,143 $5,369 4.46%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 8 $1,690,000 $211,250 $3,100 4.48%
    Wapakoneta, OH (FHA|USDA|VA) 5 $1,495,000 $299,000 $4,575 4.33%
    Findlay, OH (FHA|USDA|VA) 9 $1,465,000 $162,778 $3,269 4.60%
    Zanesville, OH (FHA|USDA|VA) 5 $1,465,000 $293,000 $3,984 4.40%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 5 $1,365,000 $273,000 $6,023 4.45%
    Indiana, PA (FHA|USDA|VA) 5 $1,275,000 $255,000 $6,125 4.18%
    Marion, OH (FHA|USDA|VA) 5 $1,225,000 $245,000 $4,406 4.42%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $1,210,000 $151,250 $3,606 4.45%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,170,000 $585,000 $6,625 4.05%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,420 4.58%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,874 3.88%
    Bellefontaine, OH (FHA|USDA|VA) 3 $1,105,000 $368,333 $5,974 4.29%
    Somerset, PA (FHA|USDA|VA) 4 $910,000 $227,500 $4,585 4.59%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $740,000 $370,000 $4,926 3.94%
    LIMA, OH (FHA|USDA|VA) 3 $735,000 $245,000 $3,627 4.21%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $700,000 $350,000 $6,075 4.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $640,000 $160,000 $3,980 4.31%
    Oil City, PA (FHA|USDA|VA) 3 $575,000 $191,667 $3,654 4.62%
    DANVILLE, IL (FHA|USDA|VA) 2 $570,000 $285,000 $3,701 4.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $450,000 $225,000 $2,325 4.13%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $445,000 $445,000 $6,310 3.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $445,000 $445,000 $4,576 3.00%
    Adrian, MI (FHA|USDA|VA) 1 $385,000 $385,000 $5,301 5.50%
    Bardstown, KY (FHA|USDA|VA) 1 $355,000 $355,000 $5,648 5.13%
    Point Pleasant, WV-OH (FHA|USDA|VA) 2 $350,000 $175,000 $3,921 4.25%
    Huntington, IN (FHA|USDA|VA) 1 $345,000 $345,000 $4,522 5.13%
    Defiance, OH (FHA|USDA|VA) 1 $325,000 $325,000 $5,046 4.50%
    Washington Court House, OH (FHA|USDA|VA) 1 $315,000 $315,000 $5,247 4.75%
    CHARLESTON, WV (FHA|USDA|VA) 2 $310,000 $155,000 $3,107 4.56%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $295,000 $295,000 $3,848 4.38%
    BECKLEY, WV (FHA|USDA|VA) 1 $285,000 $285,000 $4,467 3.75%
    Peru, IN (FHA|USDA|VA) 1 $285,000 $285,000 $4,334 4.13%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $265,000 $265,000 $3,147 4.13%
    Wabash, IN (FHA|USDA|VA) 1 $255,000 $255,000 $2,983 3.13%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $5,334 4.13%
    Coldwater, MI (FHA|USDA|VA) 1 $235,000 $235,000 $5,406 3.63%
    Sidney, OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,989 5.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $215,000 $215,000 $5,733 3.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $210,000 $105,000 $2,359 3.88%
    Elkins, WV (FHA|USDA|VA) 1 $205,000 $205,000 $4,781 4.88%
    Jackson, OH (FHA|USDA|VA) 1 $205,000 $205,000 $4,929 4.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,800 4.13%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,941 4.00%
    Greenville, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,310 3.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,113 3.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,461 3.25%
    Hillsdale, MI (FHA|USDA|VA) 1 $115,000 $115,000 $4,068 5.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,994 4.25%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,496 4.88%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,506 4.88%
    Home Savings Bank's top markets include Youngstown, Cleveland, Pittsburgh, Columbus, and Morgantown among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Home Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bay Area Credit Union, Inc.
    Similarity Rank: 13
    Cleveland Selfreliance FCU
    Similarity Rank: 33
    Belmont Savings Bank
    Similarity Rank: 35
    The North Side Bank & Trust Company
    Similarity Rank: 55
    The United Federal Credit Union
    Similarity Rank: 60
    TRI BORO
    Similarity Rank: 70
    JEEP COUNTRY
    Similarity Rank: 78
    OHIO VALLEY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 105
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 126
    CINFED Federal Credit Union
    Similarity Rank: 162

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,605 $701,915,000 $269,449 $3,533 4.31%
    HELOC 644 $48,790,000 $75,761 n/a 4.51%
    FHA 173 $26,355,000 $152,341 $5,787 3.86%
    USDA 37 $5,325,000 $143,919 $4,705 3.81%
    VA 35 $8,265,000 $236,143 $5,315 3.70%

    For 2019, Home Savings Bank's most frequently originated type of loan was Conventional, with 2,605 originations. Their 2nd most popular type was HELOC, with 644 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,977 $558,235,000 $282,365 $4,233 4.31%
    Refi 729 $156,055,000 $214,067 $2,793 4.15%
    Home Improvement 479 $27,935,000 $58,319 $470 4.58%
    Cash Out Refi 199 $38,595,000 $193,945 $3,652 3.96%
    Other 110 $9,830,000 $89,364 $1,249 4.98%

    For 2019, Home Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,977 originations. The 2nd most popular reason was Refi, with 729 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,425 $278,965,000 $195,765 $3,783 4.13%
    30+ year 779 $227,885,000 $292,535 $4,759 4.55%
    20 Year 717 $64,545,000 $90,021 $3,374 4.43%
    15 Year 371 $49,425,000 $133,221 $2,051 4.02%
    10 Year 124 $47,170,000 $380,403 $898 5.17%
    Other 54 $29,160,000 $540,000 $4,834 4.07%
    5 Year 23 $84,195,000 $3,660,652 $435 5.06%
    3 Year 1 $9,305,000 $9,305,000 $0 4.23%

    For 2019, Home Savings Bank's most frequently cited loan duration was 30 Year, with 1,425 originations. The 2nd most popular length was 30+ year, with 779 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,774 $410,460,000 $231,375
    $<1k 788 $110,980,000 $140,838
    $2k-3k 155 $49,535,000 $319,581
    $3k-4k 38 $13,430,000 $353,421
    $4k-5k 10 $3,480,000 $348,000
    $5k+ 9 $3,285,000 $365,000

    Home Savings Bank's average total fees were $3,783, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,774 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,712 $404,250,000 $236,127
    3-4% 1,103 $253,515,000 $229,841
    5-6% 372 $104,470,000 $280,833
    6-7% 145 $6,775,000 $46,724
    <2.5% 113 $10,695,000 $94,646
    2.5-3% 42 $10,640,000 $253,333
    7-8% 7 $305,000 $43,571

    During 2019, Home Savings Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 4-5%, with 1,712 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,163 $60,565,000 $52,077 $1,831 4.62%
    $200k-400k 1,102 $307,090,000 $278,666 $4,579 4.20%
    $100k-200k 924 $134,760,000 $145,844 $3,506 4.12%
    $400k-600k 243 $112,495,000 $462,942 $5,107 4.08%
    $600k-1MM 35 $25,595,000 $731,286 $6,024 4.10%
    $1MM+ 27 $150,145,000 $5,560,926 $8,412 4.71%

    2019 saw Home Savings Bank place emphasis on $100,000 or less loans with 1,163 originations, totaling $60,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 795 $165,135,000 $207,717 $3,994 4.37%
    $50k-75k 721 $88,685,000 $123,003 $3,487 4.41%
    $75k-100k 595 $99,465,000 $167,168 $3,755 4.35%
    $150k-250k 550 $148,040,000 $269,164 $3,991 4.27%
    $50k or less 487 $39,405,000 $80,914 $3,144 4.27%
    $250k+ 266 $97,470,000 $366,429 $3,845 4.05%

    Home Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 795 originations. The second most popular income band? $50k-75k, with 721 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 928 $148,940,000 $160,496 $3,308 4.28%
    30-36% 715 $132,305,000 $185,042 $3,741 4.35%
    <20% 416 $67,940,000 $163,317 $2,908 4.14%
    42% 168 $32,130,000 $191,250 $3,968 4.31%
    38% 132 $25,070,000 $189,924 $4,200 4.43%
    41% 130 $28,750,000 $221,154 $4,249 4.37%
    39% 125 $23,225,000 $185,800 $3,740 4.42%
    40% 119 $21,295,000 $178,950 $3,596 4.51%
    37% 117 $23,095,000 $197,393 $4,054 4.38%
    36% 102 $17,090,000 $167,549 $3,400 4.43%
    44% 98 $26,150,000 $266,837 $4,772 4.38%
    43% 87 $23,035,000 $264,770 $4,266 4.35%
    45% 74 $16,850,000 $227,703 $4,450 4.26%
    47% 63 $13,555,000 $215,159 $4,186 4.43%
    46% 59 $13,005,000 $220,424 $4,538 4.28%
    49% 44 $10,730,000 $243,864 $4,311 4.28%
    48% 41 $9,825,000 $239,634 $4,425 4.23%
    50-60% 40 $7,670,000 $191,750 $4,686 3.83%
    >60% 5 $2,535,000 $507,000 $4,243 4.71%

    Home Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 928 originations. The next most common DTI ratio? 30-36%, with 715 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,228 $592,130,000 $183,436 $3,679 4.32%
    Not applicable 27 $145,145,000 $5,375,741 $0 4.71%
    Not provided 162 $38,060,000 $234,938 $4,145 4.21%
    Black 46 $8,400,000 $182,609 $4,061 4.38%
    Asian 22 $5,240,000 $238,182 $3,904 4.17%
    Other Asian 2 $640,000 $320,000 $3,992 5.25%
    Asian Indian 1 $415,000 $415,000 $4,107 4.13%
    Native Hawaiian or Islander 4 $350,000 $87,500 $4,892 3.41%
    American Indian 2 $270,000 $135,000 $5,457 4.88%

    Approval Rates

    Total approvals of all applications
    87.10%

    Home Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.49%

    Home Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,494 $790,650,000 $226,288

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $745,000 $745,000
    Multifamily:Site-Built 25 $144,665,000 $5,786,600
    Single Family (1-4 Units):Manufactured 49 $4,265,000 $87,041
    Single Family (1-4 Units):Site-Built 3,419 $640,975,000 $187,474

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 511 $48,955,000 $95,802 $1,068 4.47%
    40-60% 457 $87,055,000 $190,492 $3,454 4.26%
    60-80% 849 $320,945,000 $378,027 $3,925 4.18%
    80-100% 1,313 $318,005,000 $242,197 $4,610 4.22%
    Over 100% 5 $1,365,000 $273,000 $9,051 4.08%
    Under 20% 359 $14,325,000 $39,903 $318 4.84%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Homespire Mortgage Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Homespire Mortgage Corp Other type of mortgage Closing on a mortgage 1 33.3%
    Homespire Mortgage Corp Other type of mortgage Trouble during payment process 1 33.3%