Homestar Financial Corporation Mortgage Rates, Fees & Info

NORCROSS, GA

LEI: 5493000BR75YQF0VQC27

Tax ID: 74-3038404

3.9 stars - Updated: 2/26/24 - out of 5 stars, based on 98 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Homestar Financial Corporation is a small mortgage company specializing in Home Purchase loans. Homestar Financial Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Gainesville, Columbus, Warner Robins, and Cornelia among others. We have data for 225 markets. (Some data included below & more in-depth data is available with an active subscription.)

Homestar Financial Corporation has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Homestar Financial Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.78% 2/26/24
30 Year Conventional Refi 6.78% 2/26/24
30 Year Cash-out Refi 6.99% 2/26/24
30 Year FHA Purchase 7.56% 2/26/24
30 Year FHA Refi 7.43% 2/26/24
30 Year VA Purchase 6.51% 2/26/24
30 Year VA Refi 6.37% 2/26/24
30 Year USDA Purchase 6.97% 2/26/24
30 Year USDA Refi 6.27% 2/26/24
15 Year Conventional Purchase 6.11% 2/26/24
15 Year Conventional Refi 6.44% 2/26/24
15 Year Cash-out Refi 6.44% 2/26/24
15 Year FHA Purchase 8.26% 2/26/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Homestar Financial Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Homestar Financial Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

9,644

Origination Dollar Volume (All Markets)

$2,525,440,000
Show all (95) awards

Relative Rate

Homestar Financial Corporation's average 30 year fixed mortgage rate was 5%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

Homestar Financial Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $6,881.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3,798 $1,118,270,000 $294,437 $7,607 4.96%
Outside of Metro Areas 1,090 $251,090,000 $230,358 $5,743 5.11%
GAINESVILLE, GA (FHA|USDA|VA) 446 $124,930,000 $280,112 $6,817 5.03%
COLUMBUS, GA-AL (FHA|USDA|VA) 274 $67,190,000 $245,219 $7,588 4.92%
WARNER ROBINS, GA (FHA|USDA|VA) 160 $44,720,000 $279,500 $7,371 4.87%
Cornelia, GA (FHA|USDA|VA) 184 $43,780,000 $237,935 $6,505 5.08%
Jefferson, GA (FHA|USDA|VA) 141 $41,115,000 $291,596 $7,508 4.98%
RAPID CITY, SD (FHA|USDA|VA) 161 $38,815,000 $241,087 $6,064 4.20%
JACKSONVILLE, FL (FHA|USDA|VA) 123 $38,285,000 $311,260 $6,337 5.18%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 138 $35,810,000 $259,493 $4,126 4.92%
ROME, GA (FHA|USDA|VA) 176 $34,620,000 $196,705 $5,934 5.18%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 118 $29,300,000 $248,305 $7,095 4.88%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 99 $28,835,000 $291,263 $5,813 5.14%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 124 $25,830,000 $208,306 $5,980 5.11%
BRUNSWICK, GA (FHA|USDA|VA) 96 $24,930,000 $259,688 $6,865 4.98%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 82 $24,630,000 $300,366 $8,421 4.83%
SAVANNAH, GA (FHA|USDA|VA) 108 $24,630,000 $228,056 $7,552 4.68%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 97 $23,095,000 $238,093 $6,588 4.56%
Cedartown, GA (FHA|USDA|VA) 98 $21,730,000 $221,735 $5,844 4.91%
Shelby, NC (FHA|USDA|VA) 102 $20,430,000 $200,294 $5,989 5.16%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 69 $19,455,000 $281,957 $7,916 4.91%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 68 $17,510,000 $257,500 $8,458 5.09%
Calhoun, GA (FHA|USDA|VA) 84 $17,450,000 $207,738 $5,767 5.19%
LaGrange, GA-AL (FHA|USDA|VA) 79 $14,295,000 $180,949 $6,272 5.11%
DALTON, GA (FHA|USDA|VA) 79 $14,085,000 $178,291 $4,938 4.96%
Cullowhee, NC (FHA|USDA|VA) 55 $13,945,000 $253,545 $5,750 5.15%
Toccoa, GA (FHA|USDA|VA) 71 $13,685,000 $192,746 $5,235 4.99%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 41 $12,715,000 $310,122 $4,585 4.74%
Tifton, GA (FHA|USDA|VA) 62 $12,220,000 $197,097 $4,567 4.87%
ST. LOUIS, MO-IL (FHA|USDA|VA) 63 $11,635,000 $184,683 $4,363 5.18%
Seneca, SC (FHA|USDA|VA) 55 $11,005,000 $200,091 $6,152 4.96%
OCALA, FL (FHA|USDA|VA) 43 $10,715,000 $249,186 $8,050 5.27%
Bainbridge, GA (FHA|USDA|VA) 50 $9,610,000 $192,200 $3,697 5.07%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 33 $9,215,000 $279,242 $8,501 4.56%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 33 $8,785,000 $266,212 $8,125 4.81%
WINSTON-SALEM, NC (FHA|USDA|VA) 33 $8,445,000 $255,909 $4,624 5.03%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 32 $8,400,000 $262,500 $4,122 4.67%
VALDOSTA, GA (FHA|USDA|VA) 45 $7,985,000 $177,444 $6,277 4.43%
ASHEVILLE, NC (FHA|USDA|VA) 32 $7,680,000 $240,000 $4,513 4.69%
Sheridan, WY (FHA|USDA|VA) 22 $7,170,000 $325,909 $7,729 4.65%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 21 $6,895,000 $328,333 $7,804 5.09%
Forest City, NC (FHA|USDA|VA) 39 $6,865,000 $176,026 $4,818 5.36%
Laramie, WY (FHA|USDA|VA) 24 $6,800,000 $283,333 $4,156 4.82%
Statesboro, GA (FHA|USDA|VA) 37 $6,735,000 $182,027 $6,233 4.60%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 20 $5,650,000 $282,500 $8,864 5.23%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 19 $5,525,000 $290,789 $6,266 5.43%
Greenwood, SC (FHA|USDA|VA) 29 $5,285,000 $182,241 $5,755 5.01%
CHEYENNE, WY (FHA|USDA|VA) 14 $5,120,000 $365,714 $5,962 4.21%
SPARTANBURG, SC (FHA|USDA|VA) 22 $4,870,000 $221,364 $7,197 4.52%
Fitzgerald, GA (FHA|USDA|VA) 33 $4,675,000 $141,667 $3,582 4.95%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $4,510,000 $451,000 $7,124 5.09%
St. Marys, GA (FHA|USDA|VA) 15 $4,195,000 $279,667 $6,817 5.36%
HINESVILLE, GA (FHA|USDA|VA) 19 $3,985,000 $209,737 $7,130 4.59%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $3,970,000 $283,571 $8,562 4.97%
Farmington, MO (FHA|USDA|VA) 22 $3,930,000 $178,636 $4,900 5.11%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $3,905,000 $300,385 $6,262 5.02%
MOBILE, AL (FHA|USDA|VA) 15 $3,775,000 $251,667 $7,582 4.56%
GREAT FALLS, MT (FHA|USDA|VA) 17 $3,765,000 $221,471 $5,892 5.18%
Thomaston, GA (FHA|USDA|VA) 18 $3,700,000 $205,556 $5,207 5.30%
Summerville, GA (FHA|USDA|VA) 19 $3,485,000 $183,421 $5,282 4.86%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,440,000 $286,667 $6,475 5.01%
ALBANY, GA (FHA|USDA|VA) 22 $3,410,000 $155,000 $4,795 4.20%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 12 $3,350,000 $279,167 $9,200 6.19%
PANAMA CITY, FL (FHA|USDA|VA) 14 $3,320,000 $237,143 $5,228 4.82%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 16 $3,100,000 $193,750 $6,670 5.22%
Dickinson, ND (FHA|USDA|VA) 10 $2,830,000 $283,000 $5,961 5.66%
RICHMOND, VA (FHA|USDA|VA) 11 $2,605,000 $236,818 $6,365 5.22%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $2,380,000 $297,500 $4,722 5.42%
KNOXVILLE, TN (FHA|USDA|VA) 7 $2,365,000 $337,857 $6,094 5.38%
HUNTSVILLE, AL (FHA|USDA|VA) 9 $2,325,000 $258,333 $4,056 6.22%
COLUMBIA, SC (FHA|USDA|VA) 11 $2,255,000 $205,000 $5,157 5.28%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $2,190,000 $365,000 $10,985 5.42%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $1,910,000 $318,333 $7,458 5.08%
Waycross, GA (FHA|USDA|VA) 12 $1,900,000 $158,333 $5,483 5.44%
GADSDEN, AL (FHA|USDA|VA) 7 $1,855,000 $265,000 $5,501 5.32%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,845,000 $369,000 $14,853 4.73%
Palatka, FL (FHA|USDA|VA) 9 $1,845,000 $205,000 $5,973 4.85%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 8 $1,840,000 $230,000 $7,441 5.13%
Milledgeville, GA (FHA|USDA|VA) 8 $1,810,000 $226,250 $5,849 4.59%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,745,000 $581,667 $14,608 5.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,720,000 $286,667 $11,010 5.13%
Enterprise, AL (FHA|USDA|VA) 6 $1,670,000 $278,333 $12,388 5.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,565,000 $313,000 $6,589 5.58%
Moultrie, GA (FHA|USDA|VA) 7 $1,535,000 $219,286 $6,298 5.09%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 12 $1,530,000 $127,500 $4,540 4.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $1,530,000 $255,000 $6,582 5.52%
Jesup, GA (FHA|USDA|VA) 8 $1,510,000 $188,750 $4,848 5.02%
BURLINGTON, NC (FHA|USDA|VA) 5 $1,455,000 $291,000 $4,137 5.30%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 7 $1,435,000 $205,000 $4,148 5.11%
Fort Payne, AL (FHA|USDA|VA) 7 $1,435,000 $205,000 $5,212 4.77%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,410,000 $235,000 $3,762 4.33%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,300,000 $325,000 $9,829 4.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,295,000 $259,000 $5,492 4.65%
Spearfish, SD (FHA|USDA|VA) 5 $1,225,000 $245,000 $8,672 5.30%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,150,000 $575,000 $3,203 4.94%
Marion, NC (FHA|USDA|VA) 5 $1,135,000 $227,000 $2,653 5.03%
Morehead City, NC (FHA|USDA|VA) 3 $1,115,000 $371,667 $6,008 4.21%
Brevard, NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $5,636 4.66%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $1,090,000 $272,500 $2,631 6.53%
Thomasville, GA (FHA|USDA|VA) 6 $1,090,000 $181,667 $4,445 4.31%
THE VILLAGES, FL (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $9,550 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,020,000 $255,000 $7,768 3.94%
Pierre, SD (FHA|USDA|VA) 3 $1,015,000 $338,333 $10,920 6.17%
Douglas, GA (FHA|USDA|VA) 6 $1,000,000 $166,667 $3,414 5.52%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $970,000 $242,500 $4,960 5.59%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $965,000 $321,667 $8,595 5.50%
BILLINGS, MT (FHA|USDA|VA) 3 $965,000 $321,667 $12,015 5.13%
Ozark, AL (FHA|USDA|VA) 5 $955,000 $191,000 $6,524 5.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $950,000 $237,500 $4,244 4.53%
Dublin, GA (FHA|USDA|VA) 7 $925,000 $132,143 $4,345 3.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $890,000 $222,500 $9,840 6.53%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $880,000 $220,000 $8,370 5.22%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $870,000 $217,500 $5,575 5.44%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $850,000 $425,000 $8,005 5.06%
GAINESVILLE, FL (FHA|USDA|VA) 4 $840,000 $210,000 $8,959 5.56%
FLORENCE, SC (FHA|USDA|VA) 4 $840,000 $210,000 $10,038 5.94%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $795,000 $265,000 $6,127 6.17%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $795,000 $265,000 $8,505 5.33%
NEW BERN, NC (FHA|USDA|VA) 4 $780,000 $195,000 $5,852 4.38%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $775,000 $258,333 $3,180 5.29%
Vidalia, GA (FHA|USDA|VA) 4 $760,000 $190,000 $5,203 5.72%
Mount Airy, NC (FHA|USDA|VA) 3 $745,000 $248,333 $6,562 5.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $740,000 $370,000 $13,037 4.00%
CLEVELAND, TN (FHA|USDA|VA) 4 $720,000 $180,000 $3,403 4.25%
Columbus, MS (FHA|USDA|VA) 3 $705,000 $235,000 $7,266 5.46%
Gaffney, SC (FHA|USDA|VA) 3 $705,000 $235,000 $5,383 4.38%
Boone, NC (FHA|USDA|VA) 2 $690,000 $345,000 $3,414 5.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $680,000 $170,000 $6,519 7.56%
MONTGOMERY, AL (FHA|USDA|VA) 3 $665,000 $221,667 $2,427 6.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $665,000 $221,667 $4,517 5.58%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $660,000 $330,000 $11,523 6.69%
Riverton, WY (FHA|USDA|VA) 2 $660,000 $330,000 $2,021 5.69%
Talladega-Sylacauga, AL (FHA|USDA|VA) 4 $620,000 $155,000 $5,023 5.53%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $590,000 $295,000 $3,622 6.81%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $590,000 $295,000 $6,115 5.19%
Cordele, GA (FHA|USDA|VA) 4 $580,000 $145,000 $5,544 5.69%
Glasgow, KY (FHA|USDA|VA) 4 $570,000 $142,500 $5,575 4.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $570,000 $285,000 $7,512 5.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $555,000 $111,000 $6,442 6.90%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $550,000 $275,000 $5,196 4.56%
Somerset, KY (FHA|USDA|VA) 3 $545,000 $181,667 $5,555 3.71%
LOUISVILLE, KY (FHA|USDA|VA) 3 $545,000 $181,667 $5,606 5.29%
Newberry, SC (FHA|USDA|VA) 2 $540,000 $270,000 $5,725 5.19%
DOTHAN, AL (FHA|USDA|VA) 3 $535,000 $178,333 $8,843 5.71%
Selma, AL (FHA|USDA|VA) 5 $535,000 $107,000 $2,428 5.05%
PINE BLUFF, AR (FHA|USDA|VA) 3 $535,000 $178,333 $5,056 3.42%
BATON ROUGE, LA (FHA|USDA|VA) 3 $525,000 $175,000 $7,602 5.38%
Scottsboro, AL (FHA|USDA|VA) 1 $525,000 $525,000 $6,430 4.13%
Gillette, WY (FHA|USDA|VA) 2 $510,000 $255,000 $10,456 4.69%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $505,000 $505,000 $7,844 3.13%
Stephenville, TX (FHA|USDA|VA) 2 $470,000 $235,000 $8,604 5.56%
Shelbyville, TN (FHA|USDA|VA) 2 $450,000 $225,000 $7,013 5.50%
Yankton, SD (FHA|USDA|VA) 1 $445,000 $445,000 $9,273 4.75%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $430,000 $215,000 $7,394 3.69%
FORT COLLINS, CO (FHA|USDA|VA) 1 $425,000 $425,000 $17,449 4.25%
Athens, TN (FHA|USDA|VA) 2 $420,000 $210,000 $4,581 4.94%
Kalispell, MT (FHA|USDA|VA) 1 $415,000 $415,000 $14,752 5.75%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $415,000 $138,333 $4,707 5.08%
ROANOKE, VA (FHA|USDA|VA) 1 $415,000 $415,000 $7,462 5.38%
TULSA, OK (FHA|USDA|VA) 2 $400,000 $200,000 $7,737 5.88%
JACKSON, MS (FHA|USDA|VA) 2 $380,000 $190,000 $14,003 6.31%
Helena, MT (FHA|USDA|VA) 1 $375,000 $375,000 $5,724 5.75%
HAMMOND, LA (FHA|USDA|VA) 2 $360,000 $180,000 $8,183 5.94%
Lawrenceburg, TN (FHA|USDA|VA) 2 $360,000 $180,000 $3,483 5.19%
Williston, ND (FHA|USDA|VA) 1 $355,000 $355,000 $4,165 4.00%
DECATUR, AL (FHA|USDA|VA) 2 $350,000 $175,000 $3,821 5.69%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $345,000 $345,000 $17,804 7.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $2,883 6.63%
Americus, GA (FHA|USDA|VA) 2 $330,000 $165,000 $4,665 5.81%
Red Wing, MN (FHA|USDA|VA) 1 $325,000 $325,000 $2,708 3.38%
Alexander City, AL (FHA|USDA|VA) 2 $310,000 $155,000 $4,996 4.69%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $300,000 $150,000 $5,751 5.38%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $290,000 $145,000 $3,424 7.19%
Albertville, AL (FHA|USDA|VA) 1 $285,000 $285,000 $12,251 3.75%
Mason City, IA (FHA|USDA|VA) 1 $275,000 $275,000 $5,311 3.63%
JACKSON, TN (FHA|USDA|VA) 1 $265,000 $265,000 $10,008 7.25%
EL PASO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,134 3.50%
Brownsville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $4,789 6.25%
Baraboo, WI (FHA|USDA|VA) 1 $245,000 $245,000 $3,434 4.38%
Fort Polk South, LA (FHA|USDA|VA) 1 $245,000 $245,000 $6,307 6.75%
Aberdeen, SD (FHA|USDA|VA) 1 $235,000 $235,000 $5,551 3.38%
HATTIESBURG, MS (FHA|USDA|VA) 1 $235,000 $235,000 $14,330 5.25%
DeRidder, LA (FHA|USDA|VA) 1 $235,000 $235,000 $10,210 6.75%
MANHATTAN, KS (FHA|USDA|VA) 1 $235,000 $235,000 $12,276 5.75%
Sevierville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $9,721 3.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,802 4.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $10,787 5.63%
Duncan, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,137 5.75%
GREEN BAY, WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,159 6.13%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $205,000 $205,000 $8,284 5.75%
Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,065 5.75%
IOWA CITY, IA (FHA|USDA|VA) 1 $195,000 $195,000 $4,863 5.88%
Frankfort, KY (FHA|USDA|VA) 1 $195,000 $195,000 $7,423 4.25%
Minden, LA (FHA|USDA|VA) 1 $185,000 $185,000 $3,108 7.25%
Troy, AL (FHA|USDA|VA) 1 $185,000 $185,000 $1,818 5.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $185,000 $185,000 $12,023 5.75%
ROCHESTER, MN (FHA|USDA|VA) 1 $175,000 $175,000 $5,315 5.38%
Cleveland, MS (FHA|USDA|VA) 1 $175,000 $175,000 $7,201 3.75%
Jasper, AL (FHA|USDA|VA) 1 $175,000 $175,000 $4,069 6.75%
Mount Pleasant, MI (FHA|USDA|VA) 1 $165,000 $165,000 $5,700 5.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $8,378 5.75%
FARMINGTON, NM (FHA|USDA|VA) 1 $165,000 $165,000 $3,521 3.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $165,000 $165,000 $6,452 3.63%
Georgetown, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,634 4.25%
Kearney, NE (FHA|USDA|VA) 1 $145,000 $145,000 $8,206 2.88%
KANKAKEE, IL (FHA|USDA|VA) 1 $145,000 $145,000 $8,101 4.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $145,000 $145,000 $8,910 4.75%
Richmond, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,880 5.75%
Dyersburg, TN (FHA|USDA|VA) 1 $135,000 $135,000 $7,962 5.13%
Danville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $7,621 4.00%
Sikeston, MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,384 5.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $7,974 5.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,128 4.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $115,000 $115,000 $3,434 6.25%
Lumberton, NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,336 4.50%
Bennettsville, SC (FHA|USDA|VA) 1 $115,000 $115,000 $7,188 4.50%
Indianola, MS (FHA|USDA|VA) 1 $115,000 $115,000 $3,402 4.63%
Orangeburg, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,451 5.63%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $105,000 $105,000 $2,223 4.13%
Eufaula, AL-GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,313 5.50%
North Platte, NE (FHA|USDA|VA) 1 $95,000 $95,000 $3,206 7.00%
Elizabeth City, NC (FHA|USDA|VA) 1 $95,000 $95,000 $3,597 4.25%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,859 5.38%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $75,000 $75,000 $5,227 5.00%
Sunbury, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,994 5.75%
Homestar Financial Corporation's top markets include Atlanta, Gainesville, Columbus, Warner Robins, and Cornelia among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HOMESTAR FINANCIAL CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    United Bank
    Similarity Rank: 69
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 209
    GEOVISTA
    Similarity Rank: 236
    Town & Country Bank
    Similarity Rank: 328
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 361
    SOUTHEASTERN Credit Union
    Similarity Rank: 527
    JERSEY STATE BANK
    Similarity Rank: 580
    CAROLINA FOOTHILLS
    Similarity Rank: 605
    The Fidelity Bank
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,209 $1,364,855,000 $262,019 $5,191 5.02%
    FHA 3,121 $783,245,000 $250,960 $8,907 4.97%
    VA 882 $294,120,000 $333,469 $9,209 4.84%
    USDA 432 $83,220,000 $192,639 $4,546 4.91%

    For 2022, Homestar Financial Corporation's most frequently originated type of loan was Conventional, with 5,209 originations. Their 2nd most popular type was FHA, with 3,121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,500 $2,263,570,000 $266,302 $6,774 5.03%
    Cash Out Refi 885 $204,165,000 $230,695 $7,352 4.72%
    Refi 247 $55,555,000 $224,919 $5,632 4.27%
    Home Improvement 12 $2,150,000 $179,167 $5,424 5.43%

    For 2022, Homestar Financial Corporation's most frequently cited loan purpose was Home Purchase, with 8,500 originations. The 2nd most popular reason was Cash Out Refi, with 885 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,320 $2,468,390,000 $264,849 $6,881 5.00%
    15 Year 191 $37,515,000 $196,414 $4,603 3.78%
    10 Year 55 $1,635,000 $29,727 $859 5.90%
    20 Year 50 $11,740,000 $234,800 $6,004 4.56%
    Other 28 $6,160,000 $220,000 $5,952 4.55%

    For 2022, Homestar Financial Corporation's most frequently cited loan duration was 30 Year, with 9,320 originations. The 2nd most popular length was 15 Year, with 191 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,520 $586,390,000 $232,694
    $1k-2k 1,967 $506,345,000 $257,420
    $5k+ 1,776 $592,910,000 $333,846
    $2k-3k 1,210 $302,520,000 $250,017
    $3k-4k 1,010 $251,350,000 $248,861
    $4k-5k 780 $212,490,000 $272,423

    Homestar Financial Corporation's average total fees were $6,881, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,520 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 3,303 $869,885,000 $263,362
    4-5% 2,250 $610,750,000 $271,444
    3-4% 2,087 $561,005,000 $268,809
    6-7% 1,254 $331,010,000 $263,963
    7-8% 375 $97,775,000 $260,733
    2.5-3% 180 $46,550,000 $258,611
    <2.5% 155 $4,085,000 $26,355
    Over 8% 40 $4,380,000 $109,500

    During 2022, Homestar Financial Corporation's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 3,303 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5,400 $1,533,200,000 $283,926 $7,429 5.05%
    $100k-200k 2,562 $402,140,000 $156,963 $4,897 5.07%
    $400k-600k 990 $458,410,000 $463,040 $9,646 4.99%
    $100,000 or less 554 $30,710,000 $55,433 $2,335 3.89%
    $600k-1MM 127 $86,295,000 $679,488 $10,172 5.07%
    $1MM+ 11 $14,685,000 $1,335,000 $27,403 4.75%

    2022 saw Homestar Financial Corporation place emphasis on $200k-400k loans with 5,400 originations, totaling $1,533,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 3,020 $681,310,000 $225,599 $6,434 4.91%
    $75k-100k 2,004 $559,400,000 $279,142 $7,420 5.09%
    $100k-150k 1,845 $593,925,000 $321,911 $7,872 5.14%
    $50k or less 1,694 $261,600,000 $154,427 $4,924 4.68%
    $150k-250k 744 $285,940,000 $384,328 $8,088 5.19%
    $250k+ 241 $110,065,000 $456,701 $8,459 5.36%

    Homestar Financial Corporation lent most frequently to those with incomes in the $50k-75k range, with 3,020 originations. The second most popular income band? $75k-100k, with 2,004 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,376 $348,650,000 $253,379 $6,054 4.93%
    50-60% 1,259 $351,395,000 $279,106 $9,203 4.92%
    20-30% 1,109 $284,465,000 $256,506 $5,763 4.82%
    44% 495 $129,525,000 $261,667 $6,867 5.08%
    49% 492 $134,640,000 $273,659 $6,909 5.16%
    43% 449 $118,005,000 $262,817 $6,705 5.11%
    48% 447 $119,835,000 $268,087 $6,925 5.04%
    45% 428 $111,470,000 $260,444 $6,791 5.14%
    46% 403 $108,325,000 $268,797 $6,967 5.04%
    42% 402 $102,130,000 $254,055 $6,368 4.89%
    40% 386 $99,120,000 $256,788 $6,200 5.05%
    47% 382 $103,840,000 $271,832 $7,368 5.04%
    41% 349 $91,325,000 $261,676 $6,794 4.99%
    38% 338 $86,320,000 $255,385 $6,379 5.15%
    36% 328 $77,470,000 $236,189 $5,671 4.93%
    37% 326 $82,120,000 $251,902 $6,277 4.91%
    39% 325 $84,405,000 $259,708 $6,563 5.14%
    <20% 300 $73,340,000 $244,467 $5,536 4.76%
    >60% 41 $16,635,000 $405,732 $9,920 4.58%

    Homestar Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,376 originations. The next most common DTI ratio? 50-60%, with 1,259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,581 $1,686,205,000 $256,223 $6,370 5.04%
    Black 1,765 $476,485,000 $269,963 $8,178 4.81%
    Not provided 1,025 $279,345,000 $272,532 $7,091 4.93%
    Asian 185 $60,265,000 $325,757 $6,684 5.01%
    American Indian 53 $11,885,000 $224,245 $6,780 4.73%
    Asian Indian 14 $5,890,000 $420,714 $9,523 5.31%
    Native Hawaiian or Islander 14 $3,720,000 $265,714 $6,537 5.16%
    Filipino 2 $450,000 $225,000 $7,031 5.25%
    Japanese 1 $355,000 $355,000 $11,481 4.25%
    Guamanian 1 $295,000 $295,000 $8,491 3.75%
    1 $215,000 $215,000 $4,953 4.75%
    Chinese 1 $175,000 $175,000 $0 4.50%
    Vietnamese 1 $155,000 $155,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    85.22%

    Homestar Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.96%

    Homestar Financial Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,644 $2,525,440,000 $261,866

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,644 $2,525,440,000 $261,866

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 230 $30,000,000 $130,435 $4,001 4.82%
    40-60% 541 $106,245,000 $196,386 $5,105 4.89%
    60-80% 1,868 $494,180,000 $264,550 $6,522 5.11%
    80-100% 6,570 $1,808,640,000 $275,288 $6,986 5.05%
    Over 100% 239 $83,445,000 $349,142 $14,841 4.98%
    Under 20% 196 $2,930,000 $14,949 $381 1.93%