5star Bank Mortgage Rates, Fees & Info
Colorado Springs, COLEI: 5493004XXI74FI4PIT28
Tax ID: 93-0762778
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
5star Bank is a smaller bank specializing in Home Purchase loans. 5star Bank has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Denver, Kansas City, Pueblo, and Pensacola among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)5star Bank 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.
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.
Originations
29Origination Dollar Volume (All Markets)
$11,045,000Top 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 |
|---|---|---|---|---|---|
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $6,305,000 | $485,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,770,000 | $461,667 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $885,000 | $126,429 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $11,045,000 | $380,862 | $0 | 0.00% |
For 2023, 5star Bank's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2023, 5star Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 29 | $11,045,000 | $380,862 | $0 | 0.00% |
For 2023, 5star Bank's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
2023 saw 5star Bank place emphasis on $200k-400k loans with 13 originations, totaling $3,865,000 in origination value.
Applicant Income
5star Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 29 | $11,045,000 | $380,862 | $0 | 0.00% |
5star Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.96%
5star Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.52%
5star Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 29 | $11,045,000 | $380,862 |