Hometrust Mortgage Company Rates, Fees & Info

HOUSTON, TX

LEI: 549300ZPJVCRRFETOG85

Tax ID: 76-0578435

3.9 stars - out of 5 stars, based on 53 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Hometrust Mortgage Company is a smaller mortgage company specializing in loans. Hometrust Mortgage Company 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: Houston, Albuquerque, Austin, Dallas, and Pensacola among others. We have data for 57 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hometrust Mortgage Company 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. Hometrust Mortgage Company is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 10/3/22
    30 Year Conventional Refi 6.60% 10/3/22
    30 Year Cash-out Refi 6.83% 10/3/22
    30 Year FHA Purchase 7.57% 10/3/22
    30 Year FHA Refi 7.02% 10/3/22
    30 Year VA Purchase 6.35% 10/3/22
    30 Year VA Refi 6.05% 10/3/22
    30 Year USDA Purchase 6.84% 10/3/22
    30 Year USDA Refi 6.80% 10/3/22
    15 Year Conventional Purchase 6.50% 10/3/22
    15 Year Conventional Refi 6.56% 10/3/22
    15 Year Cash-out Refi 6.56% 10/3/22
    15 Year FHA Purchase 7.54% 10/3/22
    15 Year VA Refi 5.96% 10/3/22
    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.


    Originations

    2,848

    Origination Dollar Volume (All Markets)

    $768,690,000
    Show all (8) awards

    Relative Rate

    Hometrust Mortgage Company's average 30 year fixed mortgage rate was 3.18%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.02%.

    Relative Fees (Closing Costs)

    Hometrust Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,725.

    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 $4,750.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,383 $379,775,000 $274,602 $5,842 3.16%
    ALBUQUERQUE, NM (FHA|USDA|VA) 523 $133,525,000 $255,306 $5,125 3.12%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 161 $65,775,000 $408,540 $5,683 3.03%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 93 $27,335,000 $293,925 $5,929 3.03%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 104 $26,980,000 $259,423 $5,294 3.00%
    LUBBOCK, TX (FHA|USDA|VA) 76 $20,050,000 $263,816 $5,678 3.08%
    Outside of Metro Areas 64 $14,020,000 $219,063 $5,429 3.21%
    Huntsville, TX (FHA|USDA|VA) 53 $13,035,000 $245,943 $5,687 3.18%
    MOBILE, AL (FHA|USDA|VA) 59 $12,465,000 $211,271 $4,714 3.06%
    Dumas, TX (FHA|USDA|VA) 66 $11,240,000 $170,303 $5,351 3.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 45 $10,625,000 $236,111 $3,398 3.16%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 31 $9,005,000 $290,484 $5,225 3.09%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 41 $8,615,000 $210,122 $4,580 3.01%
    AMARILLO, TX (FHA|USDA|VA) 21 $4,795,000 $228,333 $5,846 3.14%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 23 $4,445,000 $193,261 $6,376 3.39%
    SANTA FE, NM (FHA|USDA|VA) 12 $3,830,000 $319,167 $7,340 3.33%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 12 $2,440,000 $203,333 $6,818 3.34%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 10 $2,340,000 $234,000 $5,776 3.45%
    Mineral Wells, TX (FHA|USDA|VA) 2 $1,990,000 $995,000 $8,083 3.13%
    Rockport, TX (FHA|USDA|VA) 3 $1,795,000 $598,333 $8,630 3.13%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $1,785,000 $255,000 $5,134 3.43%
    Levelland, TX (FHA|USDA|VA) 8 $1,210,000 $151,250 $5,411 3.22%
    El Campo, TX (FHA|USDA|VA) 4 $870,000 $217,500 $6,931 3.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $800,000 $400,000 $5,112 3.25%
    SAN ANGELO, TX (FHA|USDA|VA) 2 $700,000 $350,000 $5,374 3.25%
    Brenham, TX (FHA|USDA|VA) 4 $700,000 $175,000 $4,238 3.13%
    Las Vegas, NM (FHA|USDA|VA) 1 $685,000 $685,000 $6,020 3.25%
    Alexander City, AL (FHA|USDA|VA) 4 $650,000 $162,500 $3,668 3.34%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,881 3.00%
    MIDLAND, TX (FHA|USDA|VA) 2 $480,000 $240,000 $5,401 3.69%
    Mount Pleasant, TX (FHA|USDA|VA) 2 $460,000 $230,000 $5,650 2.75%
    Uvalde, TX (FHA|USDA|VA) 1 $435,000 $435,000 $18,338 2.25%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $425,000 $425,000 $4,237 3.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,764 3.13%
    Grants, NM (FHA|USDA|VA) 2 $350,000 $175,000 $5,944 3.19%
    WACO, TX (FHA|USDA|VA) 1 $335,000 $335,000 $5,694 3.38%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $280,000 $140,000 $3,480 3.50%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,837 2.50%
    ODESSA, TX (FHA|USDA|VA) 1 $275,000 $275,000 $8,130 3.13%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $265,000 $265,000 $3,453 2.75%
    Lamesa, TX (FHA|USDA|VA) 1 $255,000 $255,000 $9,141 2.88%
    Athens, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,699 2.88%
    Taos, NM (FHA|USDA|VA) 1 $215,000 $215,000 $6,683 3.63%
    Jasper, AL (FHA|USDA|VA) 1 $215,000 $215,000 $7,436 2.88%
    Port Lavaca, TX (FHA|USDA|VA) 2 $210,000 $105,000 $3,929 3.56%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,852 3.75%
    Lufkin, TX (FHA|USDA|VA) 1 $175,000 $175,000 $8,224 3.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,144 2.75%
    Stephenville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,366 3.63%
    Granbury, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,442 3.38%
    Selma, AL (FHA|USDA|VA) 1 $145,000 $145,000 $5,728 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,938 2.75%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $115,000 $115,000 $3,663 3.38%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,713 2.88%
    Pampa, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,537 3.13%
    Borger, TX (FHA|USDA|VA) 1 $75,000 $75,000 $5,133 3.63%
    Jacksonville, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,605 2.88%

    Hometrust Mortgage Company's top markets include Houston, Albuquerque, Austin, Dallas, and Pensacola among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against HOMETRUST MORTGAGE COMPANY 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,172 $606,130,000 $279,065 $4,809 3.16%
    FHA 473 $102,275,000 $216,226 $8,126 3.16%
    VA 176 $54,890,000 $311,875 $8,262 2.82%
    USDA 27 $5,395,000 $199,815 $5,399 2.95%

    For 2021, Hometrust Mortgage Company's most frequently originated type of loan was Conventional, with 2,172 originations. Their 2nd most popular type was FHA, with 473 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,992 $551,120,000 $276,667 $6,033 3.16%
    Refi 541 $132,075,000 $244,131 $4,160 2.94%
    Cash Out Refi 315 $85,495,000 $271,413 $5,141 3.30%

    For 2021, Hometrust Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,992 originations. The 2nd most popular reason was Refi, with 541 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,560 $704,300,000 $275,117 $5,725 3.18%
    15 Year 228 $50,690,000 $222,325 $4,322 2.75%
    20 Year 45 $11,015,000 $244,778 $4,308 2.91%
    10 Year 12 $1,970,000 $164,167 $3,732 2.60%
    Other 3 $715,000 $238,333 $2,743 2.88%

    For 2021, Hometrust Mortgage Company's most frequently cited loan duration was 30 Year, with 2,560 originations. The 2nd most popular length was 15 Year, with 228 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,202 $585,760,000 $266,013
    $2k-3k 358 $89,770,000 $250,754
    $3k-4k 140 $41,480,000 $296,286
    $<1k 69 $19,755,000 $286,304
    $4k-5k 47 $16,975,000 $361,170
    $5k+ 32 $14,950,000 $467,188

    Hometrust Mortgage Company's average total fees were $5,725, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,458 $381,500,000 $261,660
    2.5-3% 1,136 $323,870,000 $285,097
    <2.5% 182 $50,580,000 $277,912
    4-5% 72 $12,740,000 $176,944

    During 2021, Hometrust Mortgage Company's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 1,458 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,507 $414,845,000 $275,279 $5,792 3.08%
    $100k-200k 856 $136,030,000 $158,914 $4,681 3.24%
    $400k-600k 341 $162,975,000 $477,933 $6,816 3.03%
    $100,000 or less 87 $7,105,000 $81,667 $3,922 3.35%
    $600k-1MM 46 $32,820,000 $713,478 $7,888 3.14%
    $1MM+ 11 $14,915,000 $1,355,909 $11,357 3.11%

    2021 saw Hometrust Mortgage Company place emphasis on $200k-400k loans with 1,507 originations, totaling $414,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 687 $196,425,000 $285,917 $5,574 3.08%
    $50k-75k 674 $139,460,000 $206,914 $5,514 3.19%
    $150k-250k 496 $172,870,000 $348,528 $5,674 3.10%
    $75k-100k 473 $117,445,000 $248,298 $5,677 3.15%
    $50k or less 301 $46,165,000 $153,372 $4,967 3.20%
    $250k+ 198 $91,270,000 $460,960 $6,420 3.15%

    Hometrust Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 687 originations. The second most popular income band? $50k-75k, with 674 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 582 $158,960,000 $273,127 $5,320 3.14%
    20-30% 566 $151,950,000 $268,463 $4,936 3.09%
    <20% 171 $45,915,000 $268,509 $4,819 3.00%
    44% 124 $30,950,000 $249,597 $5,430 3.26%
    43% 123 $34,375,000 $279,472 $6,194 3.15%
    39% 119 $31,565,000 $265,252 $5,705 3.20%
    38% 111 $28,805,000 $259,505 $5,861 3.13%
    42% 109 $33,085,000 $303,532 $5,777 3.21%
    40% 109 $31,095,000 $285,275 $6,026 3.21%
    41% 107 $30,675,000 $286,682 $5,859 3.19%
    37% 107 $27,895,000 $260,701 $5,242 3.17%
    36% 103 $29,315,000 $284,612 $5,748 3.15%
    50-60% 92 $22,790,000 $247,717 $8,544 3.09%
    49% 90 $24,990,000 $277,667 $6,447 3.11%
    46% 86 $22,200,000 $258,140 $6,153 3.16%
    45% 80 $20,300,000 $253,750 $5,659 3.11%
    48% 75 $18,475,000 $246,333 $6,058 3.17%
    47% 73 $19,665,000 $269,384 $6,137 3.22%
    >60% 2 $630,000 $315,000 $7,679 2.94%

    Hometrust Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 582 originations. The next most common DTI ratio? 20-30%, with 566 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,400 $651,010,000 $271,254 $5,565 3.13%
    Not provided 230 $59,640,000 $259,304 $5,207 3.14%
    Black 113 $28,125,000 $248,894 $6,463 3.17%
    Asian 80 $23,460,000 $293,250 $5,724 3.15%
    American Indian 20 $5,020,000 $251,000 $6,193 3.11%
    Native Hawaiian or Islander 2 $700,000 $350,000 $6,485 4.38%
    Asian Indian 1 $345,000 $345,000 $5,561 2.50%
    Other Pacific Islander 1 $225,000 $225,000 $1,349 3.25%
    Other Asian 1 $165,000 $165,000 $2,318 3.25%

    Approval Rates

    Total approvals of all applications
    92.17%

    Hometrust Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.47%

    Hometrust Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,848 $768,690,000 $269,905

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,848 $768,690,000 $269,905

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $14,105,000 $174,136 $4,037 3.08%
    40-60% 310 $75,400,000 $243,226 $4,399 3.02%
    60-80% 884 $251,710,000 $284,740 $4,907 3.18%
    80-100% 1,522 $411,490,000 $270,361 $6,023 3.15%
    Over 100% 47 $15,585,000 $331,596 $14,405 2.86%
    Under 20% 4 $400,000 $100,000 $3,817 3.00%