Homestead Funding
We analyzed every closed loan from Homestead Funding — 4.7k loans across 6k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
National · 31 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Champion
FHA
Champion
Purchase
Champion
VA
Superstar
Jumbo
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
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Report Card
Homestead Funding performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+9.6 bps above market avg
4/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
3,704 loans · 0.06% above market
Exceptional
Top 20% of lenders
5/5
FHA
719 loans · 0.49% above market
Exceptional
Top 20% of lenders
5/5
VA
221 loans · 0.21% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
27 loans · 0.43% below market
Strong
Top 40% of lenders
4/5
USDA
26 loans · 0.45% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
4,488 loans · 0.10% above market
Exceptional
Top 20% of lenders
5/5
Refinance
209 loans · 0.03% below market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 32 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 3,704 | 78.9% | +0.055%Above | $1,522Fees | ||||
FHA Loans | 719 | 15.3% | +0.489%Above | $1,252Fees | ||||
VA Loans | 221 | 4.7% | -0.211%Below | $1,096Fees | ||||
Jumbo Loans | 27 | 0.6% | -0.435%Below | $257Fees | ||||
USDA Loans | — | 26 | 0.6% | +0.446%Above | $297Fees |
Conventional
OverallExceptional
ProductExceptional
PricingStrong
Pull ThroughExceptional
Volume3,704
Mix78.9%
Spread
+0.055%Above
Fees
$1,522Fees
FHA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughExceptional
Volume719
Mix15.3%
Spread
+0.489%Above
Fees
$1,252Fees
VA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughExceptional
Volume221
Mix4.7%
Spread
-0.211%Below
Fees
$1,096Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume27
Mix0.6%
Spread
-0.435%Below
Fees
$257Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume26
Mix0.6%
Spread
+0.446%Above
Fees
$297Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 4,488 | 95.6% | +0.104%Above | $1,470Fees | ||||
Refinance | 209 | 4.4% | -0.033%Below | $1,465Fees |
Purchase
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume4,488
Mix95.6%
Spread
+0.104%Above
Fees
$1,470Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume209
Mix4.4%
Spread
-0.033%Below
Fees
$1,465Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,697
Applications
5,652
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.096%
vs. market APOR
Avg Net Fees
$1,470
Origination − Credits
Pullthrough Rate
83.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$295,145
Avg Borrower Income
$132,662
Avg Property Value
$362,926
Geographic Coverage
Geographic Performance
Metro Areas
31
markets with activity
States Served
42
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
42Full-year 2024 · HMDALoans originated
< 1010–2020–100100+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest9
IAILINKSMIMNOHSDWI
South15
ALARDCDEFLGAKYLAMDNCOKSCTNTXVA
West9
AZCACOIDMTNMORWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 31 metro areas
Top States by Place Specialization Score
Showing 10 of 18 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.