# HomeTown Bank

> **Canonical URL:** https://saferate.com/lenders/hometown-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


HomeTown Bank is a bank, headquartered in Redwood Falls, MN, serving borrowers across 3 states, with 151 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 55% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900KSUTZO899YU680
- **Headquarters:** Redwood Falls, MN
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** FL, IA, MN
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 79.9%
- **Brokered/Wholesale:** 20.1%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 45/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.064%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,560
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 151
- **Dollar Volume:** $48 million
- **Applications Received:** 174
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $315,993
- **Average Borrower Income:** $180,669
- **Average Property Value:** $438,642

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 35/100 | 143 | -0.069% | $2,514 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 93 loans, Score: 32/100 (Acceptable)
- Refinance: 50 loans, Score: 48/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 33/100 | 99 | $31M | +0.012% | Acceptable 🙂 |
| Refinance | 47/100 | 52 | $16M | -0.212% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 149 | 0.23% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 75 | 56/100 |
| Minneapolis | MN-WI | 66 | 65/100 |

## Where This Lender Ranks

HomeTown Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#13** in Minnesota for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/jumbo-loans)

## Frequently Asked Questions

### What loan types does HomeTown Bank offer?

HomeTown Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### 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 a pricing score of 45/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.064% below market average.

### What type of lender is HomeTown Bank?

HomeTown Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Redwood Falls, MN.

### What is HomeTown Bank's loan approval success rate?

HomeTown Bank has a pull-through score of 58/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/hometown-bank

### How to Cite

> "HomeTown Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/hometown-bank

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