HomeTown Bank mortgage approval rate & lending review
HomeTown Bank decided 315 mortgage applications and funded 299 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions HomeTown Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
HomeTown Bank at a glance
Approval is 17.5 points above the 80.0% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 97% | 112 / 115 | 100% | $335K | 112 |
| Cash-out refinance | 93% | 55 / 59 | 100% | $135K | 55 |
| Refinance | 100% | 44 / 44 | 93% | $245K | 41 |
| Investment property purchase | 100% | 53 / 53 | 100% | $235K | 53 |
HomeTown Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 97% | $245K | 310 | 294 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where HomeTown Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Carver County, MN | Mortgage lenders | 100% | 47 | 47 |
| Carver County, MN | Cash-out refinance | 90% | 29 | 26 |
| Hennepin County, MN | Investment property purchase | 100% | 25 | 25 |
| Scott County, MN | Mortgage lenders | 92% | 25 | 23 |
| Carver County, MN | Refinance | 100% | 21 | 19 |
The county markets where HomeTown Bank made the most loans. Each link opens that market with every lender ranked.
Questions about HomeTown Bank
What is HomeTown Bank's mortgage approval rate?
HomeTown Bank approved 97.5% of the 315 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 17.5 points above the 80.0% national rate for the same mix of loan types.
How often do borrowers take the loan HomeTown Bank offers?
Borrowers accepted 97% of the loans HomeTown Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does HomeTown Bank make?
The typical home purchase mortgage loan HomeTown Bank made was $335K; across all loan types its typical loan ran from $135K to $335K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does HomeTown Bank lend?
HomeTown Bank decided applications in 3 of the states Fat Boy Data covers, most of them in Minnesota, South Dakota and Florida.
Can I apply to HomeTown Bank directly?
Yes. HomeTown Bank is a bank or credit union with 22 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show HomeTown Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how HomeTown Bank treats applications, then get a rate quote from the lender.