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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Mortgage Data

Review & 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 a a high proportion of FHA loans. Their top markets by origination volume include: Atlanta, Gainesville, Jacksonville, Jefferson, and Cornelia among others. We have data for 147 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.

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% 12/17/24
30 Year Conventional Refi 6.78% 12/17/24
30 Year Cash-out Refi 6.99% 12/17/24
30 Year FHA Purchase 7.56% 12/17/24
30 Year FHA Refi 7.43% 12/17/24
30 Year VA Purchase 6.51% 12/17/24
30 Year VA Refi 6.37% 12/17/24
30 Year USDA Purchase 6.97% 12/17/24
30 Year USDA Refi 6.27% 12/17/24
15 Year Conventional Purchase 6.11% 12/17/24
15 Year Conventional Refi 6.44% 12/17/24
15 Year Cash-out Refi 6.44% 12/17/24
15 Year FHA Purchase 8.26% 12/17/24
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

15,701

Origination Dollar Volume (All Markets)

$3,192,165,000
Show all (89) 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) 8,146 $1,712,410,000 $210,215 $4,538 3.08%
Outside of Metro Areas 1,430 $261,340,000 $182,755 $3,598 3.25%
GAINESVILLE, GA (FHA|USDA|VA) 959 $211,235,000 $220,266 $4,237 3.20%
JACKSONVILLE, FL (FHA|USDA|VA) 296 $78,920,000 $266,622 $4,397 3.30%
Jefferson, GA (FHA|USDA|VA) 344 $76,360,000 $221,977 $4,526 3.20%
Cornelia, GA (FHA|USDA|VA) 356 $72,030,000 $202,331 $3,660 3.24%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 384 $71,140,000 $185,260 $3,610 3.24%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 311 $65,175,000 $209,566 $4,740 3.23%
Shelby, NC (FHA|USDA|VA) 291 $47,535,000 $163,351 $3,989 3.31%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 248 $46,660,000 $188,145 $4,097 3.22%
ROME, GA (FHA|USDA|VA) 260 $44,070,000 $169,500 $3,772 3.22%
WARNER ROBINS, GA (FHA|USDA|VA) 192 $40,760,000 $212,292 $4,804 3.25%
Seneca, SC (FHA|USDA|VA) 161 $31,885,000 $198,043 $3,540 3.35%
COLUMBUS, GA-AL (FHA|USDA|VA) 116 $27,410,000 $236,293 $4,391 3.06%
Cedartown, GA (FHA|USDA|VA) 162 $25,770,000 $159,074 $3,664 3.23%
BRUNSWICK, GA (FHA|USDA|VA) 130 $24,550,000 $188,846 $3,879 3.06%
SAVANNAH, GA (FHA|USDA|VA) 127 $23,895,000 $188,150 $4,084 3.22%
Toccoa, GA (FHA|USDA|VA) 118 $19,920,000 $168,814 $3,161 3.28%
ST. LOUIS, MO-IL (FHA|USDA|VA) 114 $19,380,000 $170,000 $3,396 3.23%
DALTON, GA (FHA|USDA|VA) 121 $17,945,000 $148,306 $3,567 3.16%
Calhoun, GA (FHA|USDA|VA) 114 $17,700,000 $155,263 $3,185 3.37%
Cullowhee, NC (FHA|USDA|VA) 63 $14,385,000 $228,333 $4,289 3.15%
Statesboro, GA (FHA|USDA|VA) 74 $13,160,000 $177,838 $3,383 3.04%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 53 $12,525,000 $236,321 $5,673 3.29%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 71 $12,135,000 $170,915 $4,743 2.91%
Bainbridge, GA (FHA|USDA|VA) 55 $9,425,000 $171,364 $3,845 3.06%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 36 $9,390,000 $260,833 $4,063 3.18%
LaGrange, GA-AL (FHA|USDA|VA) 57 $9,305,000 $163,246 $3,780 3.19%
SPARTANBURG, SC (FHA|USDA|VA) 42 $8,570,000 $204,048 $4,027 3.03%
Milledgeville, GA (FHA|USDA|VA) 43 $8,125,000 $188,953 $3,788 3.36%
Forest City, NC (FHA|USDA|VA) 51 $7,785,000 $152,647 $3,410 3.40%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 34 $7,020,000 $206,471 $4,307 3.09%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 31 $6,465,000 $208,548 $4,096 3.31%
VALDOSTA, GA (FHA|USDA|VA) 42 $6,450,000 $153,571 $3,446 3.16%
Tifton, GA (FHA|USDA|VA) 34 $5,640,000 $165,882 $3,878 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $5,275,000 $351,667 $5,740 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $4,575,000 $269,118 $5,319 3.15%
PANAMA CITY, FL (FHA|USDA|VA) 24 $4,570,000 $190,417 $4,363 3.09%
ASHEVILLE, NC (FHA|USDA|VA) 20 $4,420,000 $221,000 $4,096 3.06%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 16 $4,420,000 $276,250 $5,425 3.21%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 28 $4,390,000 $156,786 $3,366 3.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 17 $3,955,000 $232,647 $3,734 3.04%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 15 $3,595,000 $239,667 $3,508 3.33%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 14 $3,580,000 $255,714 $3,405 3.16%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 12 $3,420,000 $285,000 $3,647 3.14%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $3,390,000 $242,143 $5,015 3.38%
Thomaston, GA (FHA|USDA|VA) 24 $3,200,000 $133,333 $3,226 3.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $2,950,000 $295,000 $6,178 3.16%
Farmington, MO (FHA|USDA|VA) 19 $2,885,000 $151,842 $1,976 3.24%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 9 $2,885,000 $320,556 $5,078 3.03%
RAPID CITY, SD (FHA|USDA|VA) 13 $2,855,000 $219,615 $3,473 2.58%
OCALA, FL (FHA|USDA|VA) 17 $2,685,000 $157,941 $4,110 3.02%
RALEIGH-CARY, NC (FHA|USDA|VA) 10 $2,630,000 $263,000 $4,497 2.83%
Greenwood, SC (FHA|USDA|VA) 13 $2,455,000 $188,846 $3,006 3.04%
COLUMBIA, SC (FHA|USDA|VA) 15 $2,445,000 $163,000 $3,737 3.17%
ALBANY, GA (FHA|USDA|VA) 16 $2,380,000 $148,750 $3,775 3.43%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $2,225,000 $247,222 $5,698 3.06%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,185,000 $312,143 $3,628 3.05%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $2,135,000 $305,000 $6,958 3.05%
Fitzgerald, GA (FHA|USDA|VA) 19 $2,065,000 $108,684 $2,589 3.36%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 13 $1,885,000 $145,000 $2,504 3.18%
MOBILE, AL (FHA|USDA|VA) 12 $1,780,000 $148,333 $3,287 3.43%
Thomasville, GA (FHA|USDA|VA) 8 $1,640,000 $205,000 $3,796 2.97%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $1,620,000 $202,500 $3,518 3.11%
Waycross, GA (FHA|USDA|VA) 9 $1,535,000 $170,556 $4,160 3.15%
St. Marys, GA (FHA|USDA|VA) 6 $1,430,000 $238,333 $3,482 3.02%
Palatka, FL (FHA|USDA|VA) 11 $1,385,000 $125,909 $3,776 3.55%
HINESVILLE, GA (FHA|USDA|VA) 6 $1,370,000 $228,333 $5,974 2.77%
Summerville, GA (FHA|USDA|VA) 11 $1,365,000 $124,091 $1,804 3.13%
NEW BERN, NC (FHA|USDA|VA) 5 $1,065,000 $213,000 $5,841 3.50%
Gaffney, SC (FHA|USDA|VA) 7 $1,005,000 $143,571 $4,089 3.70%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $970,000 $242,500 $7,621 2.75%
HUNTSVILLE, AL (FHA|USDA|VA) 5 $895,000 $179,000 $3,649 3.35%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $840,000 $420,000 $4,236 2.50%
Alexander City, AL (FHA|USDA|VA) 5 $825,000 $165,000 $3,396 2.88%
Brevard, NC (FHA|USDA|VA) 4 $770,000 $192,500 $4,586 3.22%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $725,000 $241,667 $2,722 3.29%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $705,000 $235,000 $3,879 3.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $675,000 $225,000 $4,952 2.71%
FLORENCE, SC (FHA|USDA|VA) 4 $670,000 $167,500 $4,106 2.75%
Vidalia, GA (FHA|USDA|VA) 4 $630,000 $157,500 $3,925 3.22%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $630,000 $157,500 $4,554 3.22%
KNOXVILLE, TN (FHA|USDA|VA) 3 $615,000 $205,000 $2,947 2.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $610,000 $152,500 $5,506 3.56%
Douglas, GA (FHA|USDA|VA) 6 $600,000 $100,000 $2,338 3.96%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $585,000 $195,000 $5,547 3.29%
GAINESVILLE, FL (FHA|USDA|VA) 3 $575,000 $191,667 $3,757 3.13%
Oxford, MS (FHA|USDA|VA) 2 $550,000 $275,000 $10,602 3.25%
Marion, NC (FHA|USDA|VA) 5 $535,000 $107,000 $4,915 4.30%
Jesup, GA (FHA|USDA|VA) 4 $500,000 $125,000 $3,568 3.56%
GADSDEN, AL (FHA|USDA|VA) 4 $480,000 $120,000 $1,651 2.91%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $475,000 $158,333 $2,203 3.00%
Fort Payne, AL (FHA|USDA|VA) 4 $470,000 $117,500 $3,376 2.91%
Moultrie, GA (FHA|USDA|VA) 3 $465,000 $155,000 $3,937 3.21%
Scottsboro, AL (FHA|USDA|VA) 2 $460,000 $230,000 $2,575 2.87%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $435,000 $145,000 $2,586 3.58%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $435,000 $435,000 $3,903 2.88%
Georgetown, SC (FHA|USDA|VA) 2 $430,000 $215,000 $3,831 2.94%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $415,000 $415,000 $2,579 2.88%
KANKAKEE, IL (FHA|USDA|VA) 3 $415,000 $138,333 $4,513 3.29%
GREENVILLE, NC (FHA|USDA|VA) 2 $410,000 $205,000 $7,435 3.69%
Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $395,000 $131,667 $2,827 3.54%
MONTGOMERY, AL (FHA|USDA|VA) 2 $380,000 $190,000 $2,439 2.88%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $370,000 $185,000 $1,990 3.19%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $345,000 $345,000 $4,648 3.00%
Americus, GA (FHA|USDA|VA) 2 $340,000 $170,000 $3,790 3.06%
HATTIESBURG, MS (FHA|USDA|VA) 1 $335,000 $335,000 $9,505 2.63%
Cordele, GA (FHA|USDA|VA) 2 $320,000 $160,000 $2,762 3.88%
JACKSON, MS (FHA|USDA|VA) 2 $320,000 $160,000 $6,035 3.25%
Eufaula, AL-GA (FHA|USDA|VA) 1 $315,000 $315,000 $6,281 2.50%
Cullman, AL (FHA|USDA|VA) 2 $310,000 $155,000 $4,643 3.31%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $310,000 $155,000 $3,909 2.56%
BURLINGTON, NC (FHA|USDA|VA) 1 $285,000 $285,000 $5,382 2.63%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,774 2.63%
Sevierville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $7,063 2.88%
Morehead City, NC (FHA|USDA|VA) 2 $270,000 $135,000 $4,529 2.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $270,000 $135,000 $4,779 3.50%
Enterprise, AL (FHA|USDA|VA) 1 $265,000 $265,000 $9,803 3.63%
SUMTER, SC (FHA|USDA|VA) 2 $260,000 $130,000 $1,980 2.75%
North Wilkesboro, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,441 2.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $255,000 $255,000 $4,492 2.50%
Rolla, MO (FHA|USDA|VA) 1 $245,000 $245,000 $11 3.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $240,000 $120,000 $4,350 3.31%
Athens, TN (FHA|USDA|VA) 1 $235,000 $235,000 $3,627 3.13%
Dayton, TN (FHA|USDA|VA) 1 $205,000 $205,000 $6,062 3.25%
RICHMOND, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,237 2.63%
Madison, IN (FHA|USDA|VA) 1 $195,000 $195,000 $3,296 4.13%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $185,000 $185,000 $1,154 2.88%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $175,000 $175,000 $4,546 2.25%
CLEVELAND, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,319 3.63%
Dyersburg, TN (FHA|USDA|VA) 2 $170,000 $85,000 $2,623 5.81%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $165,000 $165,000 $4,097 3.00%
Mayfield, KY (FHA|USDA|VA) 1 $155,000 $155,000 $1,515 3.25%
PINE BLUFF, AR (FHA|USDA|VA) 1 $155,000 $155,000 $7,816 3.13%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $155,000 $155,000 $1,594 3.00%
IOWA CITY, IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,604 3.00%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $5,918 3.13%
Dublin, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,851 2.75%
Clarksdale, MS (FHA|USDA|VA) 1 $135,000 $135,000 $2,525 2.88%
Ozark, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,564 2.88%
Rochelle, IL (FHA|USDA|VA) 1 $125,000 $125,000 $3,727 3.63%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,506 3.88%
Union, SC (FHA|USDA|VA) 1 $115,000 $115,000 $1,111 3.13%
THE VILLAGES, FL (FHA|USDA|VA) 1 $105,000 $105,000 $535 3.88%
Newport, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,029 3.00%
Albemarle, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,740 2.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,053 3.25%
Homestar Financial Corporation's top markets include Atlanta, Gainesville, Jacksonville, Jefferson, and Cornelia among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (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 8,218 $1,692,180,000 $205,911 $3,235 3.06%
    FHA 5,212 $1,029,230,000 $197,473 $5,888 3.27%
    USDA 1,237 $203,505,000 $164,515 $3,175 3.26%
    VA 1,034 $267,250,000 $258,462 $5,441 3.10%

    For 2020, Homestar Financial Corporation's most frequently originated type of loan was Conventional, with 8,218 originations. Their 2nd most popular type was FHA, with 5,212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 11,807 $2,371,345,000 $200,842 $4,219 3.16%
    Refi 2,692 $585,580,000 $217,526 $4,157 2.99%
    Cash Out Refi 1,197 $234,595,000 $195,986 $4,848 3.39%
    Home Improvement 5 $645,000 $129,000 $4,498 3.30%

    For 2020, Homestar Financial Corporation's most frequently cited loan purpose was Home Purchase, with 11,807 originations. The 2nd most popular reason was Refi, with 2,692 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14,099 $2,942,025,000 $208,669 $4,388 3.24%
    15 Year 879 $163,075,000 $185,523 $3,723 2.77%
    5 Year 288 $4,290,000 $14,896 $150 0.05%
    20 Year 272 $54,720,000 $201,176 $3,948 3.04%
    Other 90 $20,830,000 $231,444 $4,324 3.18%
    10 Year 72 $6,990,000 $97,083 $2,594 3.55%
    30+ year 1 $235,000 $235,000 $2,572 3.63%

    For 2020, Homestar Financial Corporation's most frequently cited loan duration was 30 Year, with 14,099 originations. The 2nd most popular length was 15 Year, with 879 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6,095 $1,164,615,000 $191,077
    $1k-2k 5,556 $1,156,140,000 $208,089
    $2k-3k 2,105 $417,175,000 $198,183
    $3k-4k 1,069 $232,685,000 $217,666
    $4k-5k 558 $129,470,000 $232,025
    $5k+ 318 $92,080,000 $289,560

    Homestar Financial Corporation's average total fees were $4,388, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,095 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 7,802 $1,565,860,000 $200,700
    2.5-3% 5,444 $1,202,030,000 $220,799
    <2.5% 1,491 $262,695,000 $176,187
    4-5% 883 $151,575,000 $171,659
    5-6% 64 $9,390,000 $146,719
    7-8% 14 $330,000 $23,571
    6-7% 2 $140,000 $70,000
    Over 8% 1 $145,000 $145,000

    During 2020, Homestar Financial Corporation's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 7,802 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 7,132 $1,110,360,000 $155,687 $3,914 3.30%
    $200k-400k 6,566 $1,727,130,000 $263,041 $4,996 3.14%
    $100,000 or less 1,431 $83,695,000 $58,487 $2,072 2.49%
    $400k-600k 559 $258,095,000 $461,708 $5,282 3.02%
    $600k-1MM 8 $5,680,000 $710,000 $9,129 3.22%
    $1MM+ 5 $7,205,000 $1,441,000 $23,600 3.15%

    2020 saw Homestar Financial Corporation place emphasis on $100k-200k loans with 7,132 originations, totaling $1,110,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 5,069 $744,365,000 $146,847 $3,822 3.11%
    $50k-75k 4,922 $961,910,000 $195,431 $4,444 3.16%
    $75k-100k 2,386 $555,690,000 $232,896 $4,581 3.20%
    $100k-150k 2,003 $523,765,000 $261,490 $4,476 3.19%
    $150k-250k 885 $274,465,000 $310,130 $4,508 3.15%
    $250k+ 223 $77,605,000 $348,004 $4,567 3.22%

    Homestar Financial Corporation lent most frequently to those with incomes in the $50k or less range, with 5,069 originations. The second most popular income band? $50k-75k, with 4,922 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,625 $526,365,000 $200,520 $3,920 3.17%
    20-30% 2,588 $524,570,000 $202,693 $3,816 3.13%
    50-60% 1,773 $361,745,000 $204,030 $5,762 3.07%
    <20% 785 $157,715,000 $200,911 $3,452 3.09%
    44% 691 $142,095,000 $205,637 $4,165 3.22%
    42% 679 $136,205,000 $200,596 $4,216 3.13%
    39% 646 $128,270,000 $198,560 $4,314 3.17%
    43% 598 $122,760,000 $205,284 $3,983 3.21%
    38% 597 $117,875,000 $197,446 $3,961 3.19%
    40% 597 $121,505,000 $203,526 $4,069 3.22%
    41% 587 $120,245,000 $204,847 $4,132 3.16%
    37% 543 $109,805,000 $202,219 $3,967 3.23%
    36% 532 $105,660,000 $198,609 $4,172 3.14%
    45% 527 $109,365,000 $207,524 $4,496 3.15%
    49% 522 $111,180,000 $212,989 $4,582 3.17%
    47% 459 $93,835,000 $204,434 $4,722 3.12%
    48% 440 $90,430,000 $205,523 $4,551 3.15%
    46% 440 $92,720,000 $210,727 $4,442 3.18%
    >60% 14 $4,440,000 $317,143 $7,393 3.23%

    Homestar Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 2,625 originations. The next most common DTI ratio? 20-30%, with 2,588 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,412 $2,348,880,000 $205,825 $4,096 3.20%
    Black 2,841 $538,135,000 $189,417 $4,764 3.01%
    Not provided 1,031 $221,385,000 $214,728 $4,692 3.10%
    Asian 323 $66,505,000 $205,898 $4,088 2.99%
    American Indian 68 $12,120,000 $178,235 $4,106 3.19%
    Native Hawaiian or Islander 11 $2,005,000 $182,273 $5,371 2.89%
    Asian Indian 6 $1,350,000 $225,000 $2,795 2.94%
    Other Pacific Islander 3 $545,000 $181,667 $4,595 3.46%
    Filipino 1 $515,000 $515,000 $5,370 2.63%
    Other Asian 3 $475,000 $158,333 $3,073 3.08%
    Japanese 1 $125,000 $125,000 $5,325 2.75%
    Vietnamese 1 $125,000 $125,000 $2,561 2.88%

    Approval Rates

    Total approvals of all applications
    93.09%

    Homestar Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.58%

    Homestar Financial Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,701 $3,192,165,000 $203,310

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 324 $39,160,000 $120,864
    Single Family (1-4 Units):Site-Built 15,377 $3,153,005,000 $205,047

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 234 $30,840,000 $131,795 $3,189 2.83%
    40-60% 900 $163,680,000 $181,867 $3,540 2.98%
    60-80% 3,134 $672,340,000 $214,531 $3,924 3.22%
    80-100% 10,675 $2,243,365,000 $210,151 $4,484 3.26%
    Over 100% 291 $75,225,000 $258,505 $8,974 3.14%
    Under 20% 467 $6,715,000 $14,379 $269 0.57%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HOMESTAR FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 3 75.0%
    HOMESTAR FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 1 25.0%