Homestar Financial Corporation Mortgage Rates, Fees & Info

NORCROSS, GA

LEI: 5493000BR75YQF0VQC27

Tax ID: 74-3038404

5 stars - Updated: 6/24/24 - out of 5 stars, based on 62 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Jefferson, and Jacksonville among others. We have data for 154 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 relatively high 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% 6/24/24
30 Year Conventional Refi 6.78% 6/24/24
30 Year Cash-out Refi 6.99% 6/24/24
30 Year FHA Purchase 7.56% 6/24/24
30 Year FHA Refi 7.43% 6/24/24
30 Year VA Purchase 6.51% 6/24/24
30 Year VA Refi 6.37% 6/24/24
30 Year USDA Purchase 6.97% 6/24/24
30 Year USDA Refi 6.27% 6/24/24
15 Year Conventional Purchase 6.11% 6/24/24
15 Year Conventional Refi 6.44% 6/24/24
15 Year Cash-out Refi 6.44% 6/24/24
15 Year FHA Purchase 8.26% 6/24/24
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

3,837

Origination Dollar Volume (All Markets)

$1,003,525,000
Show all (51) awards

Relative Rate

Homestar Financial Corporation's average 30 year fixed mortgage rate was 6.41%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.07%.

Relative Fees (Closing Costs)

Homestar Financial Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $6,889.

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 $9,089.

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) 1,348 $401,560,000 $297,893 $7,724 6.38%
Outside of Metro Areas 468 $104,590,000 $223,483 $5,894 6.74%
GAINESVILLE, GA (FHA|USDA|VA) 148 $43,800,000 $295,946 $6,833 6.48%
COLUMBUS, GA-AL (FHA|USDA|VA) 113 $26,095,000 $230,929 $6,045 6.17%
Jefferson, GA (FHA|USDA|VA) 70 $23,720,000 $338,857 $9,173 6.51%
JACKSONVILLE, FL (FHA|USDA|VA) 69 $22,765,000 $329,928 $6,820 6.72%
ROME, GA (FHA|USDA|VA) 100 $18,760,000 $187,600 $5,223 6.10%
WARNER ROBINS, GA (FHA|USDA|VA) 54 $16,000,000 $296,296 $7,507 6.29%
Shelby, NC (FHA|USDA|VA) 67 $15,495,000 $231,269 $7,317 6.56%
Cornelia, GA (FHA|USDA|VA) 63 $15,015,000 $238,333 $6,556 6.53%
OCALA, FL (FHA|USDA|VA) 69 $13,565,000 $196,594 $7,608 5.23%
GRAND JUNCTION, CO (FHA|USDA|VA) 50 $13,020,000 $260,400 $3,893 5.02%
BRUNSWICK, GA (FHA|USDA|VA) 39 $10,915,000 $279,872 $7,125 6.46%
Cedartown, GA (FHA|USDA|VA) 49 $10,665,000 $217,653 $5,485 6.47%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 46 $10,520,000 $228,696 $7,355 6.29%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 41 $10,515,000 $256,463 $8,156 6.60%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 33 $10,315,000 $312,576 $8,598 6.30%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 33 $10,135,000 $307,121 $6,425 6.32%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 42 $9,240,000 $220,000 $6,444 6.90%
Cullowhee, NC (FHA|USDA|VA) 35 $9,115,000 $260,429 $7,210 6.53%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 26 $9,030,000 $347,308 $8,884 6.41%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 40 $8,310,000 $207,750 $5,992 6.84%
Bainbridge, GA (FHA|USDA|VA) 38 $8,040,000 $211,579 $5,937 6.35%
SAVANNAH, GA (FHA|USDA|VA) 30 $8,030,000 $267,667 $6,230 6.41%
ST. LOUIS, MO-IL (FHA|USDA|VA) 43 $7,995,000 $185,930 $4,335 7.02%
Calhoun, GA (FHA|USDA|VA) 36 $7,340,000 $203,889 $6,659 6.35%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 20 $6,480,000 $324,000 $6,172 6.83%
HUNTSVILLE, AL (FHA|USDA|VA) 22 $6,340,000 $288,182 $7,203 6.49%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 28 $5,810,000 $207,500 $5,875 6.40%
Toccoa, GA (FHA|USDA|VA) 23 $4,835,000 $210,217 $6,261 6.61%
Forest City, NC (FHA|USDA|VA) 28 $4,750,000 $169,643 $5,194 6.37%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 23 $4,745,000 $206,304 $5,172 6.88%
Tifton, GA (FHA|USDA|VA) 22 $4,700,000 $213,636 $4,889 6.13%
LaGrange, GA-AL (FHA|USDA|VA) 19 $4,565,000 $240,263 $7,903 6.47%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 15 $4,485,000 $299,000 $8,498 6.01%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 18 $4,470,000 $248,333 $5,459 6.53%
DALTON, GA (FHA|USDA|VA) 22 $4,420,000 $200,909 $5,907 6.47%
Statesboro, GA (FHA|USDA|VA) 20 $3,940,000 $197,000 $4,287 6.14%
VALDOSTA, GA (FHA|USDA|VA) 18 $3,810,000 $211,667 $6,320 6.59%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,760,000 $313,333 $10,245 5.69%
ASHEVILLE, NC (FHA|USDA|VA) 13 $3,685,000 $283,462 $4,759 6.26%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 10 $3,630,000 $363,000 $6,418 6.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $3,355,000 $258,077 $8,611 6.98%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $3,340,000 $278,333 $6,067 4.44%
Enterprise, AL (FHA|USDA|VA) 10 $3,200,000 $320,000 $8,948 5.86%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 9 $3,165,000 $351,667 $9,973 7.08%
Fitzgerald, GA (FHA|USDA|VA) 20 $2,850,000 $142,500 $3,586 6.79%
ALBANY, GA (FHA|USDA|VA) 11 $2,195,000 $199,545 $5,943 6.39%
Thomaston, GA (FHA|USDA|VA) 11 $2,155,000 $195,909 $3,953 5.39%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,135,000 $305,000 $6,349 6.18%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $2,030,000 $253,750 $6,947 6.13%
Talladega-Sylacauga, AL (FHA|USDA|VA) 8 $1,750,000 $218,750 $4,499 6.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,182 6.94%
Farmington, MO (FHA|USDA|VA) 10 $1,630,000 $163,000 $4,198 7.08%
Minden, LA (FHA|USDA|VA) 10 $1,510,000 $151,000 $3,588 7.00%
Gaffney, SC (FHA|USDA|VA) 7 $1,475,000 $210,714 $7,053 6.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,460,000 $243,333 $7,221 6.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,395,000 $279,000 $11,411 5.30%
Milledgeville, GA (FHA|USDA|VA) 7 $1,315,000 $187,857 $7,356 6.39%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 5 $1,185,000 $237,000 $3,506 6.43%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,180,000 $295,000 $5,281 6.00%
HINESVILLE, GA (FHA|USDA|VA) 8 $1,140,000 $142,500 $4,529 5.91%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,105,000 $368,333 $9,487 7.13%
DOTHAN, AL (FHA|USDA|VA) 5 $1,105,000 $221,000 $6,853 5.85%
GAINESVILLE, FL (FHA|USDA|VA) 3 $1,095,000 $365,000 $10,293 6.88%
MOBILE, AL (FHA|USDA|VA) 5 $1,085,000 $217,000 $4,085 6.18%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,282 5.42%
COLUMBIA, SC (FHA|USDA|VA) 4 $1,050,000 $262,500 $7,822 6.91%
Palatka, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $9,068 7.13%
MUSKEGON, MI (FHA|USDA|VA) 5 $975,000 $195,000 $5,559 6.55%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $945,000 $315,000 $6,722 6.67%
Seneca, SC (FHA|USDA|VA) 4 $900,000 $225,000 $5,866 6.72%
GADSDEN, AL (FHA|USDA|VA) 4 $880,000 $220,000 $7,833 6.78%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $870,000 $435,000 $5,857 7.06%
Thomasville, GA (FHA|USDA|VA) 3 $835,000 $278,333 $4,922 6.79%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $815,000 $271,667 $7,478 6.33%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $790,000 $395,000 $8,605 7.00%
Summerville, GA (FHA|USDA|VA) 5 $765,000 $153,000 $5,320 6.53%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $755,000 $151,000 $3,730 4.13%
Sheridan, WY (FHA|USDA|VA) 2 $740,000 $370,000 $6,465 5.44%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $735,000 $245,000 $6,984 6.63%
Moultrie, GA (FHA|USDA|VA) 4 $730,000 $182,500 $4,322 6.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $710,000 $355,000 $11,132 5.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $695,000 $231,667 $9,120 6.63%
Fort Morgan, CO (FHA|USDA|VA) 3 $675,000 $225,000 $3,400 3.88%
RAPID CITY, SD (FHA|USDA|VA) 2 $670,000 $335,000 $3,471 6.25%
Holland, MI (FHA|USDA|VA) 3 $665,000 $221,667 $3,801 7.04%
Jesup, GA (FHA|USDA|VA) 4 $660,000 $165,000 $7,736 6.81%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $655,000 $218,333 $5,288 4.58%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $650,000 $325,000 $13,005 7.06%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $645,000 $215,000 $5,215 4.54%
Fort Payne, AL (FHA|USDA|VA) 3 $625,000 $208,333 $6,832 7.25%
MONTGOMERY, AL (FHA|USDA|VA) 4 $600,000 $150,000 $5,334 6.38%
St. Marys, GA (FHA|USDA|VA) 4 $600,000 $150,000 $6,490 6.78%
Greenwood, SC (FHA|USDA|VA) 3 $585,000 $195,000 $6,353 7.08%
MIDLAND, MI (FHA|USDA|VA) 4 $580,000 $145,000 $4,838 6.84%
SPARTANBURG, SC (FHA|USDA|VA) 3 $575,000 $191,667 $5,832 7.08%
Morehead City, NC (FHA|USDA|VA) 2 $560,000 $280,000 $16,884 6.31%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $560,000 $280,000 $9,209 6.56%
Waycross, GA (FHA|USDA|VA) 4 $550,000 $137,500 $4,545 7.69%
Albertville, AL (FHA|USDA|VA) 1 $525,000 $525,000 $3,388 6.13%
WILMINGTON, NC (FHA|USDA|VA) 2 $520,000 $260,000 $3,069 6.19%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $490,000 $245,000 $9,058 6.81%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $480,000 $240,000 $5,452 7.38%
Lake City, FL (FHA|USDA|VA) 2 $460,000 $230,000 $8,566 7.25%
ROANOKE, VA (FHA|USDA|VA) 1 $455,000 $455,000 $3,023 6.88%
JACKSON, MI (FHA|USDA|VA) 1 $425,000 $425,000 $5,679 7.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $420,000 $210,000 $6,195 6.69%
Albemarle, NC (FHA|USDA|VA) 1 $405,000 $405,000 $9,237 5.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $10,155 6.75%
CLEVELAND, TN (FHA|USDA|VA) 2 $380,000 $190,000 $6,141 6.94%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $375,000 $375,000 $7,818 7.00%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $375,000 $375,000 $3,059 7.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $370,000 $185,000 $6,551 6.00%
DECATUR, AL (FHA|USDA|VA) 2 $370,000 $185,000 $6,483 7.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $365,000 $365,000 $16,362 5.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $2,840 3.75%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,237 5.25%
THE VILLAGES, FL (FHA|USDA|VA) 2 $310,000 $155,000 $2,793 6.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,422 6.25%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $305,000 $305,000 $5,318 6.25%
Jasper, AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 7.25%
Plymouth, IN (FHA|USDA|VA) 1 $285,000 $285,000 $6,578 7.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $280,000 $140,000 $3,741 7.06%
JACKSON, MS (FHA|USDA|VA) 1 $275,000 $275,000 $11,820 7.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.13%
Dublin, GA (FHA|USDA|VA) 1 $275,000 $275,000 $3,879 7.63%
RICHMOND, VA (FHA|USDA|VA) 1 $255,000 $255,000 $8,501 7.25%
Athens, TN (FHA|USDA|VA) 1 $255,000 $255,000 $726 7.25%
Gillette, WY (FHA|USDA|VA) 1 $255,000 $255,000 $11,029 6.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $8,552 6.25%
Spearfish, SD (FHA|USDA|VA) 2 $240,000 $120,000 $1,315 3.06%
Williston, ND (FHA|USDA|VA) 1 $235,000 $235,000 $7,440 7.25%
Pierre, SD (FHA|USDA|VA) 1 $235,000 $235,000 $1,864 6.38%
Cullman, AL (FHA|USDA|VA) 1 $225,000 $225,000 $4,753 6.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.25%
Crossville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $9,575 7.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $9,223 6.75%
Mount Pleasant, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,775 7.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.25%
Edwards, CO (FHA|USDA|VA) 1 $175,000 $175,000 $4,727 5.88%
Vidalia, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,331 6.75%
Douglas, GA (FHA|USDA|VA) 2 $170,000 $85,000 $3,433 3.13%
Ozark, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,808 5.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,161 6.38%
Magnolia, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,218 7.25%
Pella, IA (FHA|USDA|VA) 2 $120,000 $60,000 $1,586 3.81%
BAY CITY, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,911 7.25%
Tahlequah, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,234 6.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $95,000 $95,000 $5,772 6.13%
TYLER, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,939 6.88%
SAGINAW, MI (FHA|USDA|VA) 1 $85,000 $85,000 $3,771 6.50%
Sevierville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
Homestar Financial Corporation's top markets include Atlanta, Gainesville, Columbus, Jefferson, and Jacksonville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,879 $459,385,000 $244,484 $4,950 6.28%
    FHA 1,454 $394,740,000 $271,486 $9,033 6.56%
    VA 363 $121,855,000 $335,689 $8,085 6.41%
    USDA 141 $27,545,000 $195,355 $4,347 6.66%

    For 2023, Homestar Financial Corporation's most frequently originated type of loan was Conventional, with 1,879 originations. Their 2nd most popular type was FHA, with 1,454 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,624 $954,150,000 $263,286 $6,757 6.39%
    Cash Out Refi 157 $33,345,000 $212,389 $8,814 6.88%
    Refi 50 $15,360,000 $307,200 $7,434 6.41%
    Home Improvement 6 $670,000 $111,667 $5,353 6.58%

    For 2023, Homestar Financial Corporation's most frequently cited loan purpose was Home Purchase, with 3,624 originations. The 2nd most popular reason was Cash Out Refi, with 157 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,771 $992,975,000 $263,319 $6,889 6.41%
    15 Year 27 $5,525,000 $204,630 $4,689 4.23%
    20 Year 19 $4,355,000 $229,211 $6,150 6.94%
    10 Year 17 $135,000 $7,941 $125 8.27%
    Other 3 $535,000 $178,333 $5,932 6.38%

    For 2023, Homestar Financial Corporation's most frequently cited loan duration was 30 Year, with 3,771 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,336 $310,100,000 $232,111
    $5k+ 681 $229,125,000 $336,454
    $1k-2k 638 $166,710,000 $261,301
    $2k-3k 408 $97,680,000 $239,412
    $3k-4k 365 $94,505,000 $258,918
    $4k-5k 271 $75,765,000 $279,576

    Homestar Financial Corporation's average total fees were $6,889, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,336 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,999 $533,575,000 $266,921
    7-8% 996 $256,770,000 $257,801
    5-6% 620 $184,890,000 $298,210
    <2.5% 125 $1,695,000 $13,560
    Over 8% 34 $7,200,000 $211,765
    4-5% 32 $9,080,000 $283,750
    3-4% 2 $830,000 $415,000

    During 2023, Homestar Financial Corporation's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 1,999 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,111 $603,705,000 $285,981 $7,727 6.61%
    $100k-200k 1,020 $160,230,000 $157,088 $4,680 6.68%
    $400k-600k 384 $181,240,000 $471,979 $10,089 6.49%
    $100,000 or less 262 $11,360,000 $43,359 $1,517 3.65%
    $600k-1MM 53 $37,475,000 $707,075 $12,567 6.41%
    $1MM+ 7 $9,515,000 $1,359,286 $14,792 7.11%

    2023 saw Homestar Financial Corporation place emphasis on $200k-400k loans with 2,111 originations, totaling $603,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,159 $243,165,000 $209,806 $6,044 6.28%
    $75k-100k 863 $229,625,000 $266,078 $7,263 6.41%
    $100k-150k 825 $261,155,000 $316,552 $8,141 6.57%
    $50k or less 500 $70,240,000 $140,480 $4,334 6.14%
    $150k-250k 379 $145,535,000 $383,997 $8,417 6.70%
    $250k+ 96 $48,440,000 $504,583 $9,790 6.96%

    Homestar Financial Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,159 originations. The second most popular income band? $75k-100k, with 863 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 646 $190,340,000 $294,644 $9,104 6.17%
    30-36% 478 $121,060,000 $253,264 $5,894 6.58%
    20-30% 328 $77,230,000 $235,457 $5,808 6.55%
    49% 253 $67,625,000 $267,292 $7,232 6.52%
    48% 197 $54,065,000 $274,442 $6,193 6.34%
    46% 195 $52,555,000 $269,513 $7,088 6.52%
    42% 181 $47,415,000 $261,961 $6,853 6.21%
    44% 181 $46,495,000 $256,878 $6,404 6.45%
    45% 161 $41,145,000 $255,559 $6,519 6.35%
    47% 157 $41,605,000 $265,000 $7,074 6.32%
    40% 154 $37,820,000 $245,584 $5,689 6.57%
    43% 149 $38,815,000 $260,503 $6,640 6.46%
    39% 143 $35,385,000 $247,448 $5,740 6.41%
    37% 140 $31,530,000 $225,214 $6,542 6.45%
    41% 140 $36,390,000 $259,929 $5,975 6.47%
    38% 117 $29,235,000 $249,872 $6,147 6.60%
    36% 85 $20,145,000 $237,000 $6,423 6.47%
    <20% 83 $17,845,000 $215,000 $5,368 6.33%
    >60% 17 $7,295,000 $429,118 $9,486 6.49%

    Homestar Financial Corporation lent most frequently to those with DTI ratios of 50-60%, with 646 originations. The next most common DTI ratio? 30-36%, with 478 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,694 $684,110,000 $253,938 $6,554 6.48%
    Black 612 $175,720,000 $287,124 $7,862 6.17%
    Not provided 414 $111,740,000 $269,903 $7,121 6.27%
    Asian 74 $20,450,000 $276,351 $7,136 6.48%
    American Indian 24 $5,820,000 $242,500 $7,298 6.65%
    Asian Indian 7 $2,125,000 $303,571 $7,577 6.98%
    Native Hawaiian or Islander 3 $1,315,000 $438,333 $5,078 6.71%
    Filipino 2 $710,000 $355,000 $2,876 6.56%
    Korean 2 $570,000 $285,000 $6,310 6.81%
    Other Pacific Islander 2 $490,000 $245,000 $6,403 6.31%
    Guamanian 1 $335,000 $335,000 $1,761 7.25%
    Samoan 2 $140,000 $70,000 $4,230 3.00%

    Approval Rates

    Total approvals of all applications
    81.89%

    Homestar Financial Corporation has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.33%

    Homestar Financial Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,837 $1,003,525,000 $261,539

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,837 $1,003,525,000 $261,539

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 108 $14,580,000 $135,000 $4,342 6.36%
    40-60% 230 $50,440,000 $219,304 $5,460 6.54%
    60-80% 606 $152,870,000 $252,261 $6,369 6.80%
    80-100% 2,641 $748,495,000 $283,413 $7,260 6.60%
    Over 100% 102 $34,690,000 $340,098 $13,459 6.27%
    Under 20% 150 $2,450,000 $16,333 $271 1.38%