Is Home Bank National Association An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Home Bank National Association with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (-0.05%)
Loan Related Closing Costs: lower than average (-$486)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Home Bank National Association originated 493 mortgages, a national market share of 0.0%. It was most active in LA (0.7% market share), MS (0.1% market share), and NE (0.0% market share).

On average, Home Bank National Association’s interest rates were similar to those of comparable mortgages at other lenders (-0.05%).1The comparable mortgages control for Home Bank National Association’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $2812, which was lower than those of comparable mortgages at $3298, with a difference of -$486. Overall, we estimate that Home Bank National Association tends to be an cheap lender, with a cost-adjusted-rate difference of -0.13% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Home Bank National Association.

Home Bank National Association originated Conforming mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Home Bank National Association compared to other lenders

Conforming
Interest Rate Difference -0.04%
Loan related Closing Cost Difference -$516
Cost Adjusted Rate Difference -0.17%

Based on the table above, Home Bank National Association is cheap for Conforming purchase mortgages.

Mortgage Refinancing from Home Bank National Association compared to other lenders

Conforming
Interest Rate Difference -0.05%
Loan Related Closing Cost Difference -$450
Cost Adjusted Rate Difference -0.09%

Based on the table above, Home Bank National Association is cheap for Conforming mortgage refinance.

Other information about Home Bank National Association:

Regulator: Office of the Comptroller of the Currency (OCC) 
Top holder: HOME BANCORP, INC.
Registered city and state: Lafayette, LA, 70598
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Footnotes   [ + ]

1. The comparable mortgages control for Home Bank National Association’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.