What loan types does HomeTown Bank offer?

HomeTown Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does HomeTown Bank offer mortgages?

HomeTown Bank offers mortgages in 3 states: FL, IA, MN.

How competitive are HomeTown Bank's mortgage rates?

HomeTown Bank has an overall pricing score of 45.1/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is HomeTown Bank?

HomeTown Bank is a Bank headquartered in Redwood Falls, MN.

Unclaimed

HomeTown Bank

Bank•Redwood Falls, MNHQ•Direct & Wholesale•Reviews near you on Google

HomeTown Bank has 151 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Strong

4/5

Regional · 1 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Explore another lender or local market

Report Card

HomeTown Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

Rates 6.4 bps below market avg

3/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

143 loans · 0.07% below market

Acceptable

Bottom 40% of lenders

2/5

By Loan Purpose· Transaction purpose mix

Purchase

99 loans · 0.01% above market

Acceptable

Bottom 40% of lenders

2/5

Refinance

52 loans · 0.21% below market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Regional · 2 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	Sound	Acceptable	Sound	Sound	143	94.7%	-0.069%Below	$2,514Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Sound

Pull Through

Sound

Volume143

Mix94.7%

Spread

-0.069%Below

Fees

$2,514Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Acceptable	Sound	Sound	99	65.6%	+0.012%Above	$2,893Fees
Refinance	Sound	Sound	Sound	Strong	52	34.4%	-0.212%Below	$1,907Fees

Purchase

Overall

Acceptable

Product

Acceptable

Pricing

Sound

Pull Through

Sound

Volume99

Mix65.6%

Spread

+0.012%Above

Fees

$2,893Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Strong

Volume52

Mix34.4%

Spread

-0.212%Below

Fees

$1,907Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

151

Applications

174

Volume

$47 million

Pricing & Closing

Avg Rate Spread

-0.064%

vs. market APOR

Avg Net Fees

$2,560

Origination − Credits

Pullthrough Rate

86.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$315,993

Avg Borrower Income

$180,669

Avg Property Value

$438,642

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

3Full-year 2024 · HMDA

Loans originated

< 100100+None

Midwest2

IAMN

South1

Top Metro Areas by Place Specialization Score

Minneapolis, MN-WIMetro

Volume 66Mix 43.71% of portfolio

65/100

Strong

Top States by Place Specialization Score

MinnesotaState

Volume 149Mix 98.68% of portfolio

73/100

Strong

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.

Looking for a different lender?

Are you the owner of HomeTown Bank?

Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.

Claim this Profile

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.