Homestar Financial Corporation Mortgage Rates, Fees & Info
NORCROSS, GALEI: 5493000BR75YQF0VQC27
Tax ID: 74-3038404
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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. Their top markets by origination volume include: Atlanta, Gainesville, Jefferson, Jacksonville, and Cornelia among others. We have data for 115 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 an above 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
9,988Origination Dollar Volume (All Markets)
$1,763,590,000Awards
HOMESTAR FINANCIAL CORPORATION - 2019
HOMESTAR FINANCIAL CORPORATION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 5,376 | $973,470,000 | $181,077 | $4,139 | 4.17% |
| Outside of Metro Areas | 848 | $135,070,000 | $159,281 | $3,527 | 4.49% |
| GAINESVILLE, GA (FHA|USDA|VA) | 570 | $110,440,000 | $193,754 | $4,269 | 4.36% |
| Jefferson, GA (FHA|USDA|VA) | 224 | $47,420,000 | $211,696 | $4,085 | 4.42% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 156 | $35,640,000 | $228,462 | $4,221 | 4.48% |
| Cornelia, GA (FHA|USDA|VA) | 188 | $33,480,000 | $178,085 | $3,439 | 4.32% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 181 | $30,585,000 | $168,978 | $3,732 | 4.47% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 112 | $26,630,000 | $237,768 | $4,529 | 4.25% |
| ROME, GA (FHA|USDA|VA) | 210 | $26,450,000 | $125,952 | $3,097 | 4.41% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 149 | $25,635,000 | $172,047 | $4,476 | 4.64% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 134 | $25,520,000 | $190,448 | $4,407 | 4.46% |
| Shelby, NC (FHA|USDA|VA) | 162 | $23,770,000 | $146,728 | $4,095 | 4.61% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 138 | $22,950,000 | $166,304 | $3,769 | 4.46% |
| Cedartown, GA (FHA|USDA|VA) | 125 | $15,505,000 | $124,040 | $3,066 | 4.57% |
| BRUNSWICK, GA (FHA|USDA|VA) | 86 | $14,480,000 | $168,372 | $3,955 | 4.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 86 | $13,370,000 | $155,465 | $3,935 | 4.41% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 87 | $12,065,000 | $138,678 | $2,910 | 4.64% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 61 | $11,995,000 | $196,639 | $4,436 | 4.65% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 68 | $11,540,000 | $169,706 | $3,433 | 4.53% |
| Toccoa, GA (FHA|USDA|VA) | 85 | $11,075,000 | $130,294 | $2,929 | 4.51% |
| Seneca, SC (FHA|USDA|VA) | 62 | $10,580,000 | $170,645 | $3,457 | 4.34% |
| Statesboro, GA (FHA|USDA|VA) | 59 | $9,315,000 | $157,881 | $3,208 | 4.29% |
| Calhoun, GA (FHA|USDA|VA) | 60 | $8,400,000 | $140,000 | $3,577 | 4.54% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 34 | $7,570,000 | $222,647 | $3,935 | 4.20% |
| KNOXVILLE, TN (FHA|USDA|VA) | 26 | $6,960,000 | $267,692 | $3,315 | 4.49% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 27 | $6,355,000 | $235,370 | $6,274 | 4.41% |
| DALTON, GA (FHA|USDA|VA) | 44 | $5,990,000 | $136,136 | $3,480 | 4.52% |
| Milledgeville, GA (FHA|USDA|VA) | 29 | $5,095,000 | $175,690 | $3,795 | 4.71% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 40 | $5,040,000 | $126,000 | $3,341 | 3.72% |
| Cullowhee, NC (FHA|USDA|VA) | 30 | $4,900,000 | $163,333 | $3,068 | 4.49% |
| PANAMA CITY, FL (FHA|USDA|VA) | 29 | $4,885,000 | $168,448 | $4,525 | 4.65% |
| Forest City, NC (FHA|USDA|VA) | 32 | $4,470,000 | $139,688 | $3,445 | 4.51% |
| Bainbridge, GA (FHA|USDA|VA) | 32 | $4,220,000 | $131,875 | $2,959 | 4.45% |
| LaGrange, GA-AL (FHA|USDA|VA) | 32 | $4,140,000 | $129,375 | $2,792 | 4.21% |
| OCALA, FL (FHA|USDA|VA) | 25 | $3,745,000 | $149,800 | $3,971 | 4.48% |
| ALBANY, GA (FHA|USDA|VA) | 18 | $3,230,000 | $179,444 | $2,908 | 4.08% |
| SPARTANBURG, SC (FHA|USDA|VA) | 18 | $3,070,000 | $170,556 | $3,201 | 4.53% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $4,863 | 4.38% |
| Fitzgerald, GA (FHA|USDA|VA) | 23 | $2,525,000 | $109,783 | $2,198 | 4.42% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 9 | $2,515,000 | $279,444 | $2,885 | 4.08% |
| VALDOSTA, GA (FHA|USDA|VA) | 18 | $2,390,000 | $132,778 | $2,918 | 4.41% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 13 | $2,385,000 | $183,462 | $4,519 | 4.67% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 10 | $2,380,000 | $238,000 | $4,122 | 4.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 15 | $2,335,000 | $155,667 | $3,366 | 4.74% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 12 | $2,330,000 | $194,167 | $4,172 | 4.57% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $5,476 | 4.45% |
| HINESVILLE, GA (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $3,315 | 4.57% |
| Tifton, GA (FHA|USDA|VA) | 12 | $1,550,000 | $129,167 | $3,119 | 4.46% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $1,495,000 | $213,571 | $5,413 | 3.93% |
| Thomaston, GA (FHA|USDA|VA) | 12 | $1,440,000 | $120,000 | $3,638 | 4.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $4,490 | 4.59% |
| COLUMBIA, SC (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $3,075 | 4.69% |
| Summerville, GA (FHA|USDA|VA) | 13 | $1,375,000 | $105,769 | $3,095 | 4.43% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $4,413 | 4.33% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $4,781 | 4.43% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $5,900 | 4.53% |
| Farmington, MO (FHA|USDA|VA) | 12 | $1,190,000 | $99,167 | $2,893 | 4.75% |
| St. Marys, GA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,020 | 4.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $4,404 | 4.48% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $7,473 | 4.13% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $1,790 | 4.42% |
| Waycross, GA (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $2,821 | 4.73% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,050 | 4.09% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,625 | 4.54% |
| Palatka, FL (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $4,262 | 4.65% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $3,874 | 5.05% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,796 | 3.69% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,500 | 3.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $2,545 | 5.30% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,267 | 4.96% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,031 | 4.04% |
| Alexander City, AL (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $2,251 | 4.25% |
| Gaffney, SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,517 | 4.21% |
| Moultrie, GA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,868 | 4.63% |
| Dublin, GA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $2,718 | 4.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,191 | 4.63% |
| GADSDEN, AL (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $2,646 | 3.91% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,704 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,879 | 5.08% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,360 | 4.56% |
| Dickinson, ND (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,075 | 5.06% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,529 | 4.88% |
| Jesup, GA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,735 | 4.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,075 | 3.99% |
| Vidalia, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,664 | 4.63% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,532 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $500 | 4.00% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,582 | 4.19% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $932 | 4.88% |
| Lumberton, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,638 | 4.88% |
| Marion, NC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $2,187 | 4.92% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,755 | 4.13% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,195 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,160 | 3.88% |
| Brevard, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,144 | 4.94% |
| Athens, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,626 | 4.50% |
| Crossville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $507 | 3.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,733 | 4.38% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,954 | 4.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,837 | 3.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,767 | 4.38% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,046 | 4.00% |
| Selma, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,484 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,333 | 4.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,094 | 5.50% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,261 | 5.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $931 | 4.88% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,908 | 4.63% |
| Seymour, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $711 | 4.25% |
| Rolla, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,689 | 3.75% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $808 | 4.50% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $782 | 5.63% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,747 | 4.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,570 | 4.88% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,541 | 4.63% |
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Product Mix
For 2019, Homestar Financial Corporation's most frequently originated type of loan was Conventional, with 4,462 originations. Their 2nd most popular type was FHA, with 4,041 originations.
Loan Reason
For 2019, Homestar Financial Corporation's most frequently cited loan purpose was Home Purchase, with 9,051 originations. The 2nd most popular reason was Cash Out Refi, with 503 originations.
Loan Duration/Length
For 2019, Homestar Financial Corporation's most frequently cited loan duration was 30 Year, with 9,388 originations. The 2nd most popular length was 5 Year, with 317 originations.
Origination Fees/Closing Costs
Homestar Financial Corporation's average total fees were $4,109, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,807 originations.
Interest Rates
During 2019, Homestar Financial Corporation's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 4-5%, with 5,228 originations.
Loan Sizing
2019 saw Homestar Financial Corporation place emphasis on $100k-200k loans with 5,222 originations, totaling $795,550,000 in origination value.
Applicant Income
Homestar Financial Corporation lent most frequently to those with incomes in the $50k or less range, with 3,681 originations. The second most popular income band? $50k-75k, with 3,325 originations.
Applicant Debt to Income Ratio
Homestar Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,514 originations. The next most common DTI ratio? 20-30%, with 1,390 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.90%
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 origination90.27%
Homestar Financial Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,988 | $1,763,590,000 | $176,571 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 330 | $36,560,000 | $110,788 |
| Single Family (1-4 Units):Site-Built | 9,658 | $1,727,030,000 | $178,819 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOMESTEAD FUNDING CORPORATION | Reverse mortgage | Closing on a mortgage | 1 | 100.0% |