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. 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 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.
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Originations
3,837Origination Dollar Volume (All Markets)
$1,003,525,000Awards
HOMESTAR FINANCIAL CORPORATION - 2023
HOMESTAR FINANCIAL CORPORATION is a 2023 , due to their low .
For 2023, 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) | 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% |
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Product Mix
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
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
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
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
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
2023 saw Homestar Financial Corporation place emphasis on $200k-400k loans with 2,111 originations, totaling $603,705,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications81.89%
Homestar Financial Corporation has a below average approval rate.
Pick Rate
Approvals leading to origination77.33%
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 |