Homestar Financial Corporation Mortgage Rates, Fees & Info

NORCROSS, GA

LEI: 5493000BR75YQF0VQC27

Tax ID: 74-3038404

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

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  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Homestar Financial Corporation is a small mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Homestar Financial Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Jefferson, Jacksonville, and Cornelia among others. We have data for 116 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Homestar Financial Corporation has an above 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 a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.78% 4/22/24
    30 Year Conventional Refi 6.78% 4/22/24
    30 Year Cash-out Refi 6.99% 4/22/24
    30 Year FHA Purchase 7.56% 4/22/24
    30 Year FHA Refi 7.43% 4/22/24
    30 Year VA Purchase 6.51% 4/22/24
    30 Year VA Refi 6.37% 4/22/24
    30 Year USDA Purchase 6.97% 4/22/24
    30 Year USDA Refi 6.27% 4/22/24
    15 Year Conventional Purchase 6.11% 4/22/24
    15 Year Conventional Refi 6.44% 4/22/24
    15 Year Cash-out Refi 6.44% 4/22/24
    15 Year FHA Purchase 8.26% 4/22/24
    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

    9,279

    Origination Dollar Volume (All Markets)

    $1,534,895,000
    Show all (65) awards

    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) 5,387 $888,525,000 $164,939 $3,801 4.98%
    Outside of Metro Areas 756 $110,700,000 $146,429 $3,240 4.95%
    GAINESVILLE, GA (FHA|USDA|VA) 469 $90,095,000 $192,100 $3,748 4.90%
    Jefferson, GA (FHA|USDA|VA) 217 $40,255,000 $185,507 $3,570 4.95%
    JACKSONVILLE, FL (FHA|USDA|VA) 133 $30,845,000 $231,917 $4,397 4.91%
    Cornelia, GA (FHA|USDA|VA) 180 $29,570,000 $164,278 $3,329 4.86%
    WARNER ROBINS, GA (FHA|USDA|VA) 135 $26,625,000 $197,222 $3,874 4.90%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 159 $26,485,000 $166,572 $3,942 5.01%
    ROME, GA (FHA|USDA|VA) 186 $22,120,000 $118,925 $3,065 5.01%
    COLUMBUS, GA-AL (FHA|USDA|VA) 84 $20,520,000 $244,286 $4,757 4.86%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 116 $18,950,000 $163,362 $3,442 4.90%
    Shelby, NC (FHA|USDA|VA) 137 $18,525,000 $135,219 $3,441 4.97%
    Cedartown, GA (FHA|USDA|VA) 101 $12,965,000 $128,366 $2,913 4.95%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 72 $12,670,000 $175,972 $3,472 4.95%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 77 $12,555,000 $163,052 $3,392 4.88%
    BRUNSWICK, GA (FHA|USDA|VA) 76 $11,720,000 $154,211 $3,435 4.92%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 61 $11,205,000 $183,689 $3,749 5.03%
    SAVANNAH, GA (FHA|USDA|VA) 71 $10,975,000 $154,577 $3,787 4.96%
    Toccoa, GA (FHA|USDA|VA) 73 $9,975,000 $136,644 $2,801 4.96%
    DALTON, GA (FHA|USDA|VA) 73 $8,535,000 $116,918 $2,731 4.98%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 33 $8,395,000 $254,394 $4,425 5.04%
    Statesboro, GA (FHA|USDA|VA) 47 $7,815,000 $166,277 $3,400 4.78%
    Cullowhee, NC (FHA|USDA|VA) 30 $7,670,000 $255,667 $3,995 4.90%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 35 $6,925,000 $197,857 $4,240 4.90%
    Calhoun, GA (FHA|USDA|VA) 53 $6,675,000 $125,943 $3,299 5.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 23 $5,465,000 $237,609 $7,329 5.07%
    KNOXVILLE, TN (FHA|USDA|VA) 18 $4,820,000 $267,778 $3,660 4.90%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 35 $3,525,000 $100,714 $2,990 5.02%
    Bainbridge, GA (FHA|USDA|VA) 30 $3,360,000 $112,000 $2,821 4.83%
    LaGrange, GA-AL (FHA|USDA|VA) 26 $3,350,000 $128,846 $3,073 5.06%
    SPARTANBURG, SC (FHA|USDA|VA) 20 $3,230,000 $161,500 $3,767 4.99%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 19 $3,075,000 $161,842 $3,642 5.00%
    Forest City, NC (FHA|USDA|VA) 24 $2,830,000 $117,917 $3,310 5.09%
    COLUMBIA, SC (FHA|USDA|VA) 14 $2,700,000 $192,857 $3,763 4.98%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $2,265,000 $251,667 $5,524 4.72%
    OCALA, FL (FHA|USDA|VA) 11 $2,075,000 $188,636 $4,168 5.05%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $2,040,000 $340,000 $5,782 4.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 16 $2,030,000 $126,875 $2,792 4.94%
    Farmington, MO (FHA|USDA|VA) 14 $1,630,000 $116,429 $2,522 5.13%
    Thomaston, GA (FHA|USDA|VA) 18 $1,620,000 $90,000 $2,811 5.11%
    Summerville, GA (FHA|USDA|VA) 8 $1,520,000 $190,000 $4,049 4.97%
    PANAMA CITY, FL (FHA|USDA|VA) 9 $1,505,000 $167,222 $3,867 5.13%
    ALBANY, GA (FHA|USDA|VA) 9 $1,495,000 $166,111 $3,062 5.11%
    VALDOSTA, GA (FHA|USDA|VA) 11 $1,455,000 $132,273 $2,349 4.99%
    Palatka, FL (FHA|USDA|VA) 8 $1,390,000 $173,750 $2,994 4.95%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,521 5.08%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,315,000 $187,857 $4,605 4.84%
    Tifton, GA (FHA|USDA|VA) 9 $1,265,000 $140,556 $3,246 4.64%
    Dickinson, ND (FHA|USDA|VA) 5 $1,245,000 $249,000 $4,083 4.93%
    Fitzgerald, GA (FHA|USDA|VA) 13 $1,245,000 $95,769 $2,219 5.03%
    Milledgeville, GA (FHA|USDA|VA) 8 $1,240,000 $155,000 $4,389 5.14%
    FAYETTEVILLE, NC (FHA|USDA|VA) 9 $1,205,000 $133,889 $2,619 5.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,110,000 $555,000 $8,795 4.69%
    HUNTSVILLE, AL (FHA|USDA|VA) 4 $980,000 $245,000 $3,887 4.97%
    Eufaula, AL-GA (FHA|USDA|VA) 5 $965,000 $193,000 $3,714 4.93%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $875,000 $291,667 $2,026 4.46%
    Seneca, SC (FHA|USDA|VA) 6 $870,000 $145,000 $3,074 4.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $865,000 $173,000 $4,848 5.13%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $865,000 $288,333 $2,126 4.71%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $810,000 $202,500 $8,182 5.19%
    Key West, FL (FHA|USDA|VA) 2 $720,000 $360,000 $5,558 5.44%
    CLEVELAND, TN (FHA|USDA|VA) 4 $690,000 $172,500 $2,950 5.31%
    St. Marys, GA (FHA|USDA|VA) 5 $675,000 $135,000 $2,568 4.80%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $670,000 $167,500 $3,184 5.13%
    Brevard, NC (FHA|USDA|VA) 2 $650,000 $325,000 $4,704 4.56%
    WICHITA, KS (FHA|USDA|VA) 5 $645,000 $129,000 $4,110 4.85%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 5 $625,000 $125,000 $2,482 4.90%
    SUMTER, SC (FHA|USDA|VA) 2 $590,000 $295,000 $4,929 4.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,198 4.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $490,000 $245,000 $3,915 4.56%
    PINE BLUFF, AR (FHA|USDA|VA) 4 $480,000 $120,000 $4,977 5.19%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $480,000 $240,000 $1,968 4.44%
    HINESVILLE, GA (FHA|USDA|VA) 3 $475,000 $158,333 $3,444 5.08%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $470,000 $235,000 $7,590 5.13%
    Alexander City, AL (FHA|USDA|VA) 4 $410,000 $102,500 $3,142 4.91%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,047 4.38%
    Jesup, GA (FHA|USDA|VA) 3 $365,000 $121,667 $2,835 4.92%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $290,000 $145,000 $1,413 4.94%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $280,000 $140,000 $1,538 5.25%
    MOBILE, AL (FHA|USDA|VA) 2 $280,000 $140,000 $3,111 5.13%
    Fort Payne, AL (FHA|USDA|VA) 2 $250,000 $125,000 $1,741 5.00%
    Russellville, AR (FHA|USDA|VA) 1 $245,000 $245,000 $6,318 5.13%
    Waycross, GA (FHA|USDA|VA) 2 $240,000 $120,000 $2,335 4.69%
    TULSA, OK (FHA|USDA|VA) 1 $235,000 $235,000 $555 4.50%
    Morehead City, NC (FHA|USDA|VA) 2 $230,000 $115,000 $2,272 4.56%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $230,000 $115,000 $6,020 5.31%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $225,000 $225,000 $450 4.88%
    Tupelo, MS (FHA|USDA|VA) 1 $225,000 $225,000 $4,423 5.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $210,000 $105,000 $2,912 4.88%
    JACKSON, TN (FHA|USDA|VA) 1 $205,000 $205,000 $5,862 5.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $185,000 $185,000 $1,590 4.63%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.38%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $7,392 5.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $6,280 4.13%
    Washington, NC (FHA|USDA|VA) 1 $185,000 $185,000 $625 4.50%
    Gaffney, SC (FHA|USDA|VA) 1 $175,000 $175,000 $5,529 4.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $464 5.25%
    Marion, NC (FHA|USDA|VA) 2 $170,000 $85,000 $3,517 5.56%
    Dublin, GA (FHA|USDA|VA) 1 $165,000 $165,000 $7,715 5.00%
    Douglas, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,100 4.13%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,272 4.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,905 4.50%
    Bennettsville, SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,989 5.50%
    Parsons, KS (FHA|USDA|VA) 2 $140,000 $70,000 $2,408 4.88%
    KANKAKEE, IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,613 5.00%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,644 4.50%
    Thomasville, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,711 4.75%
    Natchez, MS-LA (FHA|USDA|VA) 1 $125,000 $125,000 $1,455 4.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,472 4.63%
    Laurinburg, NC (FHA|USDA|VA) 1 $115,000 $115,000 $1,612 5.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $85,000 $85,000 $848 5.00%
    Greenwood, SC (FHA|USDA|VA) 1 $75,000 $75,000 $1,351 5.25%
    McPherson, KS (FHA|USDA|VA) 1 $75,000 $75,000 $1,394 4.75%
    GADSDEN, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,182 5.63%
    GREENVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $2,628 4.88%
    Cordele, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,942 5.50%
    Homestar Financial Corporation's top markets include Atlanta, Gainesville, Jefferson, Jacksonville, and Cornelia among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 4,084 $672,600,000 $164,691 $4,897 5.00%
    Conventional 3,814 $616,870,000 $161,738 $2,433 4.93%
    USDA 708 $97,150,000 $137,218 $2,586 4.93%
    VA 673 $148,275,000 $220,319 $4,583 4.95%

    For 2018, Homestar Financial Corporation's most frequently originated type of loan was FHA, with 4,084 originations. Their 2nd most popular type was Conventional, with 3,814 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,717 $1,437,615,000 $164,921 $3,625 4.96%
    Cash Out Refi 342 $58,840,000 $172,047 $4,949 5.05%
    Refi 172 $31,280,000 $181,860 $4,115 4.65%
    Home Improvement 48 $7,160,000 $149,167 $4,297 5.03%

    For 2018, Homestar Financial Corporation's most frequently cited loan purpose was Home Purchase, with 8,717 originations. The 2nd most popular reason was Cash Out Refi, with 342 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,600 $1,488,950,000 $173,134 $3,873 4.98%
    5 Year 434 $6,010,000 $13,848 $150 0.00%
    15 Year 166 $27,570,000 $166,084 $3,356 4.37%
    20 Year 58 $9,120,000 $157,241 $3,773 4.76%
    10 Year 15 $1,815,000 $121,000 $2,469 4.69%
    Other 6 $1,430,000 $238,333 $2,806 5.40%

    For 2018, Homestar Financial Corporation's most frequently cited loan duration was 30 Year, with 8,600 originations. The 2nd most popular length was 5 Year, with 434 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,270 $832,910,000 $158,047
    $1k-2k 2,365 $404,615,000 $171,085
    $2k-3k 842 $140,870,000 $167,304
    $3k-4k 502 $87,330,000 $173,964
    $4k-5k 202 $42,280,000 $209,307
    $5k+ 82 $24,160,000 $294,634

    Homestar Financial Corporation's average total fees were $3,873, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,270 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 5,042 $922,160,000 $182,896
    5-6% 3,454 $561,970,000 $162,701
    3-4% 173 $40,155,000 $232,110
    7-8% 5 $1,225,000 $245,000
    6-7% 4 $440,000 $110,000
    Over 8% 3 $625,000 $208,333
    2.5-3% 1 $195,000 $195,000
    <2.5% 1 $15,000 $15,000

    During 2018, Homestar Financial Corporation's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 5,042 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 5,034 $753,300,000 $149,642 $3,751 4.99%
    $200k-400k 2,344 $607,360,000 $259,113 $4,768 4.87%
    $100,000 or less 1,742 $98,200,000 $56,372 $1,944 5.07%
    $400k-600k 142 $62,820,000 $442,394 $4,503 4.74%
    $600k-1MM 16 $11,700,000 $731,250 $7,527 5.03%
    $1MM+ 1 $1,515,000 $1,515,000 $8,997 4.50%

    2018 saw Homestar Financial Corporation place emphasis on $100k-200k loans with 5,034 originations, totaling $753,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 3,820 $448,510,000 $117,411 $3,276 4.96%
    $50k-75k 2,905 $484,585,000 $166,811 $3,812 4.99%
    $75k-100k 1,227 $258,905,000 $211,007 $4,217 4.97%
    $100k-150k 891 $217,575,000 $244,192 $4,276 4.91%
    $150k-250k 295 $83,975,000 $284,661 $3,683 4.91%
    $250k+ 82 $28,240,000 $344,390 $4,687 4.98%

    Homestar Financial Corporation lent most frequently to those with incomes in the $50k or less range, with 3,820 originations. The second most popular income band? $50k-75k, with 2,905 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,340 $221,230,000 $165,097 $3,590 4.95%
    50-60% 1,311 $244,575,000 $186,556 $5,096 4.96%
    20-30% 1,180 $181,460,000 $153,780 $3,293 4.93%
    <20% 645 $42,255,000 $65,512 $1,362 4.90%
    49% 422 $80,200,000 $190,047 $3,947 4.97%
    44% 364 $66,990,000 $184,038 $3,641 4.98%
    40% 362 $63,450,000 $175,276 $3,755 5.02%
    41% 358 $61,360,000 $171,397 $3,857 4.97%
    39% 340 $60,170,000 $176,971 $3,608 4.98%
    48% 340 $66,170,000 $194,618 $4,089 4.96%
    42% 334 $59,570,000 $178,353 $3,753 4.96%
    43% 331 $60,195,000 $181,858 $3,885 4.98%
    47% 322 $59,480,000 $184,720 $4,135 4.99%
    38% 318 $54,250,000 $170,597 $3,693 5.00%
    45% 317 $56,995,000 $179,795 $3,579 4.95%
    36% 286 $47,360,000 $165,594 $3,647 4.92%
    46% 285 $51,415,000 $180,404 $3,934 4.98%
    37% 264 $46,040,000 $174,394 $3,883 5.01%
    >60% 38 $8,600,000 $226,316 $4,779 5.04%

    Homestar Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,340 originations. The next most common DTI ratio? 50-60%, with 1,311 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,386 $1,080,310,000 $169,168 $3,594 4.94%
    Black 2,234 $346,470,000 $155,090 $3,897 5.03%
    Not provided 361 $62,415,000 $172,895 $3,992 4.97%
    Asian 242 $36,240,000 $149,752 $3,693 4.87%
    American Indian 37 $6,395,000 $172,838 $3,552 5.04%
    Native Hawaiian or Islander 6 $1,100,000 $183,333 $4,422 5.00%
    Asian Indian 5 $1,085,000 $217,000 $5,784 4.83%
    Other Asian 5 $695,000 $139,000 $3,805 5.00%
    Other Pacific Islander 3 $185,000 $61,667 $2,361 5.00%

    Approval Rates

    Total approvals of all applications
    97.15%

    Homestar Financial Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.01%

    Homestar Financial Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,279 $1,534,895,000 $165,416

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 255 $24,945,000 $97,824
    Single Family (1-4 Units):Site-Built 9,024 $1,509,950,000 $167,326

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $6,770,000 $86,795 $2,485 4.79%
    40-60% 202 $27,990,000 $138,564 $3,355 4.76%
    60-80% 1,122 $203,060,000 $180,980 $3,506 4.95%
    80-100% 7,079 $1,239,495,000 $175,095 $3,922 4.97%
    Over 100% 219 $49,345,000 $225,320 $7,033 4.93%
    Under 20% 578 $8,020,000 $13,875 $161 4.58%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HOMESTAR FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 40.0%
    HOMESTAR FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 2 40.0%
    HOMESTAR FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 20.0%