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

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Homestar Financial Corporation is a mid-sized mortgage company specializing in Home Purchase loans. Homestar Financial Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Atlanta, Gainesville, Jefferson, Jacksonville, and Greenville among others. Homestar Financial Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Homestar Financial Corporation is typically an average fee lendor.


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 rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

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

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Homestar Financial Corporation's most frequently originated loan type of loans were Conventional, with 8,940 originations. Their 2nd most popular type is FHA, with 4,625 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Homestar Financial Corporation's most frequently cited loan purpose of loans were Home Purchase, with 12,144 originations. The 2nd most popular reason of loans were 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 the 2021, Homestar Financial Corporation's most frequently cited loan length of loans were 30 Year, with 14,406 originations. The 2nd most popular length of loans were 15 Year, with 847 originations.

Origination Fees

Origination Fee 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 1,251 $315,945,000 $252,554
$5k+ 441 $154,135,000 $349,512

$4,785 of loans were Homestar Financial Corporation's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.13%, while their most frequently originated rate bucket of loans were 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 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
92.95%

Homestar Financial Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
85.85%

Homestar Financial Corporation has an 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%