What loan types does Homestead Funding offer?

Homestead Funding offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Homestead Funding offer mortgages?

Homestead Funding is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Homestead Funding's mortgage rates?

Homestead Funding has an overall pricing score of 71.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Homestead Funding?

Homestead Funding is a Independent Mortgage Company headquartered in ALBANY, NY.

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Homestead Funding

Independent Mortgage Company•Albany, NYHQ•Direct•Reviews near you on Google

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

Awards

Conventional

Champion

FHA

Champion

Purchase

Champion

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

Explore another lender or local market

Report Card

Homestead Funding performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

+9.6 bps above market avg

Pull Through

Closing strength

Exceptional

Top 20% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Strong

Top 40% of lenders

USDA

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

National · 32 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Exceptional	Exceptional	Strong	Exceptional	3,704	78.9%	+0.055%Above	$1,522Fees
FHA Loans	Strong	Exceptional	Strong	Exceptional	719	15.3%	+0.489%Above	$1,252Fees
VA Loans	Strong	Exceptional	Strong	Exceptional	221	4.7%	-0.211%Below	$1,096Fees
Jumbo Loans	Strong	Strong	Exceptional	Strong	27	0.6%	-0.435%Below	$257Fees
USDA Loans	Strong	Strong	—	Strong	26	0.6%	+0.446%Above	$297Fees

Conventional

Overall

Exceptional

Product

Exceptional

Pricing

Strong

Pull Through

Exceptional

Volume3,704

Mix78.9%

Spread

+0.055%Above

Fees

$1,522Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Exceptional

Volume719

Mix15.3%

Spread

+0.489%Above

Fees

$1,252Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Exceptional

Volume221

Mix4.7%

Spread

-0.211%Below

Fees

$1,096Fees

Jumbo Loans

Overall

Strong

Product

Strong

Pricing

Exceptional

Pull Through

Strong

Volume27

Mix0.6%

Spread

-0.435%Below

Fees

$257Fees

USDA Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Strong

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	Strong	Exceptional	Strong	Strong	4,488	95.6%	+0.104%Above	$1,470Fees
Refinance	Strong	Strong	Strong	Strong	209	4.4%	-0.033%Below	$1,465Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Strong

Volume4,488

Mix95.6%

Spread

+0.104%Above

Fees

$1,470Fees

Refinance

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

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

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast9

CTMEMANHNJNYPARIVT

Midwest9

IAILINKSMIMNOHSDWI

South15

ALARDCDEFLGAKYLAMDNCOKSCTNTXVA

West9

AZCACOIDMTNMORWAWY

Top Metro Areas by Place Specialization Score

1© Vmanjr · CC BY-SA 3.0

Binghamton, NYMetro

Volume 347Mix 7.39% of portfolio

100/100

Exceptional

2© Bobphoenix · CC BY-SA 4.0

Norwich, CTMetro

Volume 167Mix 3.56% of portfolio

97/100

Exceptional

3© Khtexg98537 at English Wikipedia · CC BY-SA 3.0

Albany, NYMetro

Volume 1,321Mix 28.12% of portfolio

94/100

Exceptional

Glens Falls, NYMetro

Volume 169Mix 3.60% of portfolio

93/100

Exceptional

Kingston, NYMetro

Volume 127Mix 2.70% of portfolio

90/100

Exceptional

Kiryas Joel, NYMetro

Volume 271Mix 5.77% of portfolio

90/100

Exceptional

Utica, NYMetro

Volume 147Mix 3.13% of portfolio

88/100

Exceptional

Watertown, NYMetro

Volume 78Mix 1.66% of portfolio

84/100

Exceptional

Syracuse, NYMetro

Volume 191Mix 4.07% of portfolio

77/100

Strong

Buffalo, NYMetro

Volume 217Mix 4.62% of portfolio

76/100

Strong

Showing 10 of 31 metro areas

Top States by Place Specialization Score

New YorkState

Volume 3,576Mix 76.13% of portfolio

98/100

Exceptional

ConnecticutState

Volume 358Mix 7.62% of portfolio

78/100

Strong

PennsylvaniaState

Volume 158Mix 3.36% of portfolio

63/100

Strong

MassachusettsState

Volume 131Mix 2.79% of portfolio

63/100

Strong

North CarolinaState

Volume 86Mix 1.83% of portfolio

54/100

Sound

FloridaState

Volume 85Mix 1.81% of portfolio

50/100

Sound

WisconsinState

Volume 29Mix 0.62% of portfolio

47/100

Sound

TennesseeState

Volume 27Mix 0.57% of portfolio

44/100

Sound

South CarolinaState

Volume 24Mix 0.51% of portfolio

44/100

Sound

New JerseyState

Volume 21Mix 0.45% of portfolio

43/100

Sound

Showing 10 of 18 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 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.