Homestar Financial Corporation Mortgage Rates, Fees & Info

NORCROSS, GA

LEI: 5493000BR75YQF0VQC27

Tax ID: 74-3038404

5 stars - out of 5 stars, based on 125 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Homestar Financial Corporation is a mid-sized mortgage company specializing in loans. Homestar Financial Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Atlanta, Gainesville, Jefferson, Jacksonville, and Greenville among others. We have data for 182 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 6.91% 12/4/22
    30 Year Conventional Refi 6.87% 12/4/22
    30 Year Cash-out Refi 7.13% 12/4/22
    30 Year FHA Purchase 7.76% 12/4/22
    30 Year FHA Refi 7.43% 12/4/22
    30 Year VA Purchase 6.74% 12/4/22
    30 Year VA Refi 6.46% 12/4/22
    30 Year USDA Purchase 7.22% 12/4/22
    30 Year USDA Refi 7.06% 12/4/22
    15 Year Conventional Purchase 6.06% 12/4/22
    15 Year Conventional Refi 6.06% 12/4/22
    15 Year Cash-out Refi 6.06% 12/4/22
    15 Year FHA Purchase 7.73% 12/4/22
    15 Year FHA Refi 7.36% 12/4/22
    15 Year VA Purchase 6.07% 12/4/22
    15 Year VA Refi 6.37% 12/4/22
    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.


    Originations

    15,692

    Origination Dollar Volume (All Markets)

    $3,619,080,000
    Show all (95) awards

    Relative Rate

    Homestar Financial Corporation's average 30 year fixed mortgage rate was 3.13%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.02%.

    Relative Fees (Closing Costs)

    Homestar Financial Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,785.

    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) 6,886 $1,711,090,000 $248,488 $5,149 3.06%
    Outside of Metro Areas 1,597 $327,485,000 $205,063 $3,897 3.17%
    GAINESVILLE, GA (FHA|USDA|VA) 894 $214,900,000 $240,380 $4,694 3.13%
    Jefferson, GA (FHA|USDA|VA) 324 $77,740,000 $239,938 $4,815 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 265 $73,985,000 $279,189 $4,390 3.19%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 346 $69,680,000 $201,387 $3,949 3.12%
    Cornelia, GA (FHA|USDA|VA) 334 $68,500,000 $205,090 $3,909 3.14%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 232 $59,240,000 $255,345 $5,132 3.07%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 284 $58,620,000 $206,408 $4,732 3.15%
    WARNER ROBINS, GA (FHA|USDA|VA) 231 $55,135,000 $238,680 $5,494 3.07%
    RAPID CITY, SD (FHA|USDA|VA) 223 $52,205,000 $234,103 $4,457 2.81%
    Shelby, NC (FHA|USDA|VA) 247 $46,465,000 $188,117 $4,153 3.16%
    COLUMBUS, GA-AL (FHA|USDA|VA) 168 $44,480,000 $264,762 $5,280 3.00%
    ROME, GA (FHA|USDA|VA) 241 $43,525,000 $180,602 $4,258 3.09%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 132 $32,620,000 $247,121 $3,605 3.17%
    Cedartown, GA (FHA|USDA|VA) 159 $30,165,000 $189,717 $4,070 3.07%
    BRUNSWICK, GA (FHA|USDA|VA) 135 $28,935,000 $214,333 $4,110 3.03%
    Calhoun, GA (FHA|USDA|VA) 133 $25,355,000 $190,639 $4,128 3.18%
    SAVANNAH, GA (FHA|USDA|VA) 122 $25,320,000 $207,541 $5,116 2.92%
    Seneca, SC (FHA|USDA|VA) 128 $24,160,000 $188,750 $3,720 3.30%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 83 $23,205,000 $279,578 $5,320 3.05%
    Toccoa, GA (FHA|USDA|VA) 129 $22,125,000 $171,512 $3,328 3.13%
    DALTON, GA (FHA|USDA|VA) 125 $22,105,000 $176,840 $3,698 3.13%
    Cullowhee, NC (FHA|USDA|VA) 86 $20,910,000 $243,140 $4,347 3.33%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 106 $19,650,000 $185,377 $3,274 3.19%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 87 $18,185,000 $209,023 $4,155 3.08%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 73 $18,125,000 $248,288 $5,487 2.98%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 64 $17,910,000 $279,844 $6,356 3.19%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 62 $16,890,000 $272,419 $3,702 3.10%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 61 $15,405,000 $252,541 $6,570 3.23%
    Statesboro, GA (FHA|USDA|VA) 80 $14,910,000 $186,375 $4,098 2.98%
    LaGrange, GA-AL (FHA|USDA|VA) 80 $12,860,000 $160,750 $4,019 3.06%
    VALDOSTA, GA (FHA|USDA|VA) 74 $12,610,000 $170,405 $4,507 2.68%
    Bainbridge, GA (FHA|USDA|VA) 66 $12,410,000 $188,030 $3,561 2.95%
    OCALA, FL (FHA|USDA|VA) 57 $12,155,000 $213,246 $5,094 3.25%
    ASHEVILLE, NC (FHA|USDA|VA) 52 $11,770,000 $226,346 $3,507 3.27%
    Forest City, NC (FHA|USDA|VA) 65 $11,165,000 $171,769 $4,055 3.30%
    GREAT FALLS, MT (FHA|USDA|VA) 48 $10,960,000 $228,333 $5,638 3.11%
    SPARTANBURG, SC (FHA|USDA|VA) 53 $10,475,000 $197,642 $4,713 3.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 42 $9,540,000 $227,143 $4,821 2.90%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 40 $9,250,000 $231,250 $5,235 3.34%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 34 $8,860,000 $260,588 $4,591 3.24%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 42 $8,790,000 $209,286 $4,231 3.25%
    Tifton, GA (FHA|USDA|VA) 54 $8,600,000 $159,259 $3,488 2.99%
    WINSTON-SALEM, NC (FHA|USDA|VA) 33 $7,765,000 $235,303 $4,324 3.14%
    COLUMBIA, SC (FHA|USDA|VA) 33 $7,435,000 $225,303 $4,516 3.24%
    PANAMA CITY, FL (FHA|USDA|VA) 29 $6,995,000 $241,207 $4,298 3.25%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 23 $6,985,000 $303,696 $4,665 2.97%
    MOBILE, AL (FHA|USDA|VA) 31 $6,575,000 $212,097 $4,355 3.24%
    Greenwood, SC (FHA|USDA|VA) 41 $6,545,000 $159,634 $3,432 3.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 25 $6,385,000 $255,400 $4,312 3.08%
    Fitzgerald, GA (FHA|USDA|VA) 45 $6,345,000 $141,000 $2,686 3.20%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 22 $5,550,000 $252,273 $4,920 3.18%
    Thomaston, GA (FHA|USDA|VA) 35 $5,435,000 $155,286 $3,665 3.19%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 12 $5,260,000 $438,333 $5,765 3.21%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $5,210,000 $260,500 $5,695 3.21%
    HINESVILLE, GA (FHA|USDA|VA) 24 $4,580,000 $190,833 $4,836 3.02%
    Milledgeville, GA (FHA|USDA|VA) 23 $4,435,000 $192,826 $4,526 3.11%
    KNOXVILLE, TN (FHA|USDA|VA) 15 $3,765,000 $251,000 $4,650 3.27%
    Pierre, SD (FHA|USDA|VA) 17 $3,755,000 $220,882 $6,491 2.80%
    Farmington, MO (FHA|USDA|VA) 26 $3,650,000 $140,385 $2,938 3.28%
    ALBANY, GA (FHA|USDA|VA) 23 $3,595,000 $156,304 $4,285 3.09%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 13 $3,555,000 $273,462 $5,324 2.99%
    Palatka, FL (FHA|USDA|VA) 20 $3,540,000 $177,000 $3,519 3.31%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 14 $3,450,000 $246,429 $4,455 3.05%
    FAYETTEVILLE, NC (FHA|USDA|VA) 16 $3,410,000 $213,125 $6,142 3.15%
    Summerville, GA (FHA|USDA|VA) 22 $3,220,000 $146,364 $3,563 3.16%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 13 $2,735,000 $210,385 $3,181 3.04%
    Spearfish, SD (FHA|USDA|VA) 11 $2,735,000 $248,636 $3,425 3.58%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $2,400,000 $300,000 $4,038 3.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,305,000 $329,286 $4,849 3.11%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $2,280,000 $380,000 $3,637 3.08%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 13 $2,075,000 $159,615 $4,113 3.22%
    Jesup, GA (FHA|USDA|VA) 12 $2,010,000 $167,500 $4,099 3.30%
    Dublin, GA (FHA|USDA|VA) 12 $1,830,000 $152,500 $3,452 2.80%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,780,000 $296,667 $5,891 2.83%
    St. Marys, GA (FHA|USDA|VA) 8 $1,730,000 $216,250 $5,060 3.27%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,720,000 $286,667 $6,272 2.98%
    GREELEY, CO (FHA|USDA|VA) 4 $1,560,000 $390,000 $6,058 3.56%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 7 $1,545,000 $220,714 $2,810 3.11%
    Thomasville, GA (FHA|USDA|VA) 9 $1,485,000 $165,000 $3,350 3.00%
    Gaffney, SC (FHA|USDA|VA) 11 $1,435,000 $130,455 $4,426 3.08%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,395,000 $279,000 $7,652 2.65%
    BURLINGTON, NC (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,672 3.33%
    Gillette, WY (FHA|USDA|VA) 3 $1,335,000 $445,000 $8,310 2.79%
    MONTGOMERY, AL (FHA|USDA|VA) 8 $1,270,000 $158,750 $3,549 3.70%
    Brevard, NC (FHA|USDA|VA) 6 $1,270,000 $211,667 $3,033 3.19%
    RICHMOND, VA (FHA|USDA|VA) 6 $1,240,000 $206,667 $3,841 3.31%
    GADSDEN, AL (FHA|USDA|VA) 9 $1,175,000 $130,556 $4,100 3.39%
    TALLAHASSEE, FL (FHA|USDA|VA) 5 $1,165,000 $233,000 $5,490 2.95%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,133 2.75%
    Marion, NC (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,026 3.35%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,030,000 $257,500 $3,276 2.75%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $985,000 $328,333 $2,699 3.21%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $975,000 $195,000 $6,922 3.28%
    CHEYENNE, WY (FHA|USDA|VA) 4 $970,000 $242,500 $2,265 2.78%
    Alexander City, AL (FHA|USDA|VA) 6 $970,000 $161,667 $2,953 3.35%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 4 $960,000 $240,000 $1,813 3.31%
    Moultrie, GA (FHA|USDA|VA) 6 $930,000 $155,000 $3,713 3.15%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $930,000 $232,500 $2,256 2.94%
    BILLINGS, MT (FHA|USDA|VA) 3 $915,000 $305,000 $4,088 2.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $900,000 $450,000 $3,088 3.44%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $880,000 $220,000 $3,496 3.16%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $855,000 $855,000 $39,578 2.75%
    NEW BERN, NC (FHA|USDA|VA) 4 $850,000 $212,500 $4,687 3.19%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $850,000 $212,500 $6,409 2.94%
    Eufaula, AL-GA (FHA|USDA|VA) 6 $850,000 $141,667 $4,477 3.23%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $835,000 $835,000 $1,785 2.25%
    GAINESVILLE, FL (FHA|USDA|VA) 4 $820,000 $205,000 $8,014 3.13%
    Enterprise, AL (FHA|USDA|VA) 3 $815,000 $271,667 $8,058 3.00%
    Athens, TN (FHA|USDA|VA) 4 $770,000 $192,500 $2,911 3.31%
    Waycross, GA (FHA|USDA|VA) 5 $755,000 $151,000 $4,515 3.20%
    JACKSON, MS (FHA|USDA|VA) 3 $755,000 $251,667 $4,662 3.21%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $730,000 $182,500 $3,079 3.50%
    Boone, NC (FHA|USDA|VA) 2 $690,000 $345,000 $4,014 3.25%
    Albemarle, NC (FHA|USDA|VA) 3 $665,000 $221,667 $4,430 3.33%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $640,000 $320,000 $3,052 3.19%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $630,000 $157,500 $5,954 3.09%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $615,000 $205,000 $5,937 3.08%
    Vidalia, GA (FHA|USDA|VA) 4 $610,000 $152,500 $3,964 3.22%
    Fort Payne, AL (FHA|USDA|VA) 4 $590,000 $147,500 $2,931 3.28%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $575,000 $191,667 $5,158 3.25%
    WILMINGTON, NC (FHA|USDA|VA) 2 $570,000 $285,000 $5,006 3.06%
    Douglas, GA (FHA|USDA|VA) 3 $565,000 $188,333 $3,635 3.58%
    SIOUX FALLS, SD (FHA|USDA|VA) 3 $515,000 $171,667 $4,457 2.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,682 3.25%
    Rock Springs, WY (FHA|USDA|VA) 2 $470,000 $235,000 $4,440 2.75%
    ROCKFORD, IL (FHA|USDA|VA) 4 $460,000 $115,000 $3,303 3.06%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $450,000 $225,000 $3,414 3.56%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $430,000 $215,000 $0 3.06%
    SUMTER, SC (FHA|USDA|VA) 2 $410,000 $205,000 $3,987 2.88%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $410,000 $205,000 $1,195 2.63%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $405,000 $405,000 $9,006 3.63%
    PINE BLUFF, AR (FHA|USDA|VA) 3 $395,000 $131,667 $3,908 3.13%
    Cordele, GA (FHA|USDA|VA) 3 $385,000 $128,333 $5,196 3.00%
    Key West, FL (FHA|USDA|VA) 1 $385,000 $385,000 $6,053 2.63%
    Washington, NC (FHA|USDA|VA) 1 $375,000 $375,000 $4,175 3.13%
    Glasgow, KY (FHA|USDA|VA) 3 $365,000 $121,667 $3,087 3.33%
    Brownsville, TN (FHA|USDA|VA) 2 $360,000 $180,000 $4,984 3.56%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $355,000 $355,000 $2,371 2.75%
    Bozeman, MT (FHA|USDA|VA) 1 $335,000 $335,000 $6,449 3.13%
    Crossville, TN (FHA|USDA|VA) 1 $325,000 $325,000 $3,687 3.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $325,000 $325,000 $745 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $310,000 $155,000 $5,762 2.88%
    Fort Leonard Wood, MO (FHA|USDA|VA) 2 $310,000 $155,000 $2,222 3.63%
    CLEVELAND, TN (FHA|USDA|VA) 2 $300,000 $150,000 $1,104 3.19%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $300,000 $150,000 $5,172 3.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $295,000 $295,000 $1,905 3.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $290,000 $145,000 $1,659 3.31%
    TULSA, OK (FHA|USDA|VA) 1 $285,000 $285,000 $3,742 2.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $5,625 3.75%
    Williston, ND (FHA|USDA|VA) 1 $265,000 $265,000 $5,175 3.38%
    Americus, GA (FHA|USDA|VA) 2 $260,000 $130,000 $3,683 3.75%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $255,000 $255,000 $3,710 2.25%
    Wilson, NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,054 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,457 2.88%
    Elizabeth City, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,692 3.25%
    Sevierville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $2,402 4.13%
    JOPLIN, MO (FHA|USDA|VA) 1 $245,000 $245,000 $3,860 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,284 3.25%
    Orangeburg, SC (FHA|USDA|VA) 2 $240,000 $120,000 $3,333 3.13%
    Laramie, WY (FHA|USDA|VA) 1 $235,000 $235,000 $3,232 3.38%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $235,000 $235,000 $3,220 3.25%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $225,000 $225,000 $3,833 3.75%
    FARGO, ND-MN (FHA|USDA|VA) 1 $225,000 $225,000 $4,667 3.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,830 3.25%
    Mount Airy, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,321 3.13%
    Yankton, SD (FHA|USDA|VA) 1 $185,000 $185,000 $2,269 2.50%
    Rochelle, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,421 3.75%
    ROANOKE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $4,549 3.63%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,335 3.25%
    JACKSON, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,750 2.75%
    West Point, MS (FHA|USDA|VA) 1 $135,000 $135,000 $2,906 3.38%
    Shelbyville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,955 3.25%
    Freeport, IL (FHA|USDA|VA) 1 $115,000 $115,000 $5,313 3.75%
    Lumberton, NC (FHA|USDA|VA) 1 $115,000 $115,000 $6,017 2.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $115,000 $115,000 $1,250 3.63%
    London, KY (FHA|USDA|VA) 1 $105,000 $105,000 $1,540 3.75%
    Somerset, KY (FHA|USDA|VA) 1 $95,000 $95,000 $3,401 2.25%
    Selma, AL (FHA|USDA|VA) 1 $85,000 $85,000 $985 2.50%
    Laurel, MS (FHA|USDA|VA) 1 $65,000 $65,000 $4,233 2.50%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $55,000 $55,000 $2,506 3.63%
    Homestar Financial Corporation's top markets include Atlanta, Gainesville, Jefferson, Jacksonville, and Greenville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,940 $2,079,670,000 $232,625 $3,493 3.10%
    FHA 4,625 $1,029,205,000 $222,531 $6,637 3.11%
    VA 1,101 $325,395,000 $295,545 $6,638 2.96%
    USDA 1,026 $184,810,000 $180,127 $3,588 3.11%

    For 2021, Homestar Financial Corporation's most frequently originated type of loan was Conventional, with 8,940 originations. Their 2nd most popular type was FHA, with 4,625 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 12,144 $2,878,470,000 $237,028 $4,788 3.11%
    Refi 1,919 $395,455,000 $206,073 $3,895 2.88%
    Cash Out Refi 1,569 $333,375,000 $212,476 $4,868 3.25%
    Home Improvement 60 $11,780,000 $196,333 $4,778 3.27%

    For 2021, Homestar Financial Corporation's most frequently cited loan purpose was Home Purchase, with 12,144 originations. The 2nd most popular reason was Refi, with 1,919 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14,406 $3,374,460,000 $234,240 $4,785 3.13%
    15 Year 847 $161,495,000 $190,667 $3,571 2.53%
    20 Year 255 $51,265,000 $201,039 $3,871 2.98%
    Other 91 $19,875,000 $218,407 $3,840 3.17%
    10 Year 89 $10,855,000 $121,966 $2,646 2.83%
    1 Year 3 $1,125,000 $375,000 $0 3.00%
    5 Year 1 $5,000 $5,000 $150 0.00%

    For 2021, Homestar Financial Corporation's most frequently cited loan duration was 30 Year, with 14,406 originations. The 2nd most popular length was 15 Year, with 847 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 6,260 $1,444,280,000 $230,716
    $<1k 5,314 $1,172,070,000 $220,563
    $2k-3k 1,876 $438,470,000 $233,726
    $3k-4k 833 $205,465,000 $246,657
    $5k+ 441 $154,135,000 $349,512
    $4k-5k 418 $110,480,000 $264,306

    Homestar Financial Corporation's average total fees were $4,785, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,260 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 8,412 $1,943,440,000 $231,032
    2.5-3% 5,252 $1,262,780,000 $240,438
    <2.5% 1,678 $349,820,000 $208,474
    4-5% 331 $60,915,000 $184,033
    5-6% 16 $2,110,000 $131,875
    7-8% 3 $15,000 $5,000

    During 2021, Homestar Financial Corporation's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 8,412 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7,874 $2,148,100,000 $272,809 $5,345 3.12%
    $100k-200k 5,760 $901,150,000 $156,450 $3,879 3.16%
    $100,000 or less 1,045 $67,505,000 $64,598 $2,256 2.63%
    $400k-600k 939 $439,795,000 $468,365 $5,881 3.05%
    $600k-1MM 63 $45,595,000 $723,730 $12,274 3.14%
    $1MM+ 11 $16,935,000 $1,539,545 $10,624 3.38%

    2021 saw Homestar Financial Corporation place emphasis on $200k-400k loans with 7,874 originations, totaling $2,148,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4,955 $1,079,445,000 $217,850 $4,828 3.09%
    $50k or less 4,314 $684,250,000 $158,611 $4,082 3.06%
    $75k-100k 2,671 $683,305,000 $255,824 $5,119 3.15%
    $100k-150k 2,210 $637,670,000 $288,538 $4,941 3.13%
    $150k-250k 1,042 $354,720,000 $340,422 $5,117 3.13%
    $250k+ 287 $118,355,000 $412,387 $4,999 3.23%

    Homestar Financial Corporation lent most frequently to those with incomes in the $50k-75k range, with 4,955 originations. The second most popular income band? $50k or less, with 4,314 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,706 $622,470,000 $230,033 $4,370 3.10%
    20-30% 2,609 $588,165,000 $225,437 $4,022 3.09%
    50-60% 1,563 $371,505,000 $237,687 $6,622 2.99%
    <20% 807 $172,205,000 $213,389 $3,645 2.98%
    44% 671 $160,955,000 $239,873 $4,786 3.21%
    42% 646 $150,920,000 $233,622 $4,659 3.15%
    41% 621 $142,975,000 $230,233 $4,691 3.12%
    43% 614 $142,500,000 $232,085 $4,594 3.14%
    39% 612 $140,340,000 $229,314 $4,506 3.13%
    40% 602 $135,610,000 $225,266 $4,559 3.13%
    49% 582 $135,050,000 $232,045 $5,192 3.08%
    38% 571 $130,745,000 $228,975 $4,334 3.10%
    37% 549 $126,055,000 $229,608 $4,626 3.10%
    45% 542 $128,210,000 $236,550 $4,743 3.14%
    46% 504 $118,840,000 $235,794 $5,016 3.14%
    36% 493 $112,885,000 $228,976 $4,323 3.09%
    48% 475 $111,945,000 $235,674 $5,153 3.12%
    47% 450 $108,150,000 $240,333 $5,106 3.13%
    >60% 32 $9,180,000 $286,875 $5,945 3.06%

    Homestar Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 2,706 originations. The next most common DTI ratio? 20-30%, with 2,609 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,169 $2,546,625,000 $228,008 $4,446 3.11%
    Black 2,693 $621,975,000 $230,960 $5,561 3.02%
    Not provided 1,386 $335,560,000 $242,107 $4,923 3.11%
    Asian 347 $91,405,000 $263,415 $4,540 3.04%
    American Indian 67 $15,665,000 $233,806 $5,344 3.09%
    Asian Indian 5 $2,625,000 $525,000 $6,019 3.03%
    Native Hawaiian or Islander 11 $2,235,000 $203,182 $5,232 3.17%
    Other Asian 6 $1,340,000 $223,333 $6,685 3.08%
    Other Pacific Islander 4 $980,000 $245,000 $5,764 2.97%
    3 $615,000 $205,000 $2,968 2.21%
    Filipino 1 $55,000 $55,000 $1,957 2.88%

    Approval Rates

    Total approvals of all applications
    87.33%

    Homestar Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.23%

    Homestar Financial Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,692 $3,619,080,000 $230,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15,692 $3,619,080,000 $230,632

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 333 $47,345,000 $142,177 $3,265 2.80%
    40-60% 1,088 $199,070,000 $182,969 $3,626 2.93%
    60-80% 3,465 $807,555,000 $233,061 $4,145 3.19%
    80-100% 10,234 $2,455,820,000 $239,967 $4,883 3.15%
    Over 100% 335 $106,175,000 $316,940 $11,530 2.93%
    Under 20% 237 $3,115,000 $13,143 $312 0.71%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HOMESTAR FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 3 37.5%
    HOMESTAR FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 25.0%
    HOMESTAR FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 12.5%
    HOMESTAR FINANCIAL CORPORATION VA mortgage Closing on a mortgage 1 12.5%
    HOMESTAR FINANCIAL CORPORATION VA mortgage Trouble during payment process 1 12.5%