Hometown Bank Mortgage Rates, Fees & Info
Kent, OHLEI: 549300WF6CI48BRR4W39
Tax ID: 34-0295215
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hometown Bank is a smaller bank specializing in Home Purchase loans. Hometown Bank has a high proportion of conventional loans. Their top markets by origination volume include: Akron, Cleveland, Canton, Youngstown, and Toledo among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Hometown 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.
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Originations
44Origination Dollar Volume (All Markets)
$8,660,000Top 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 |
|---|---|---|---|---|---|
| AKRON, OH (FHA|USDA|VA) | 35 | $6,705,000 | $191,571 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Hometown Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 9
Similarity Rank: 350
Similarity Rank: 442
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Similarity Rank: 1092
Similarity Rank: 1349
Similarity Rank: 1368
Similarity Rank: 1700
Similarity Rank: 1909
Similarity Rank: 1938
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $8,660,000 | $196,818 | $0 | 0.00% |
For 2023, Hometown Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2023, Hometown Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $8,660,000 | $196,818 | $0 | 0.00% |
For 2023, Hometown Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2023 saw Hometown Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,415,000 in origination value.
Applicant Income
Hometown Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $8,660,000 | $196,818 | $0 | 0.00% |
Hometown Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.47%
Hometown Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.09%
Hometown Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $8,660,000 | $196,818 |