5star Bank Mortgage Rates, Fees & Info
Colorado Springs, COLEI: 5493004XXI74FI4PIT28
Tax ID: 93-0762778
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Mortgage Data
Review & Overview
5star Bank is a smaller bank specializing in Home Purchase and Refi loans. 5star Bank has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Colorado Springs, Miami, Fort Collins, and Cape Coral among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)5star Bank 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.
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Originations
49Origination Dollar Volume (All Markets)
$24,915,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 23 | $17,345,000 | $754,130 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 23 | $6,245,000 | $271,522 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $24,915,000 | $508,469 | $0 | 0.00% |
For 2019, 5star Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 26 | $9,530,000 | $366,538 | $0 | 0.00% |
| Refi | 21 | $15,315,000 | $729,286 | $0 | 0.00% |
| Home Improvement | 2 | $70,000 | $35,000 | $0 | 0.00% |
For 2019, 5star Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $24,915,000 | $508,469 | $0 | 0.00% |
For 2019, 5star Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2019 saw 5star Bank place emphasis on $200k-400k loans with 24 originations, totaling $6,820,000 in origination value.
Applicant Income
5star Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $24,915,000 | $508,469 | $0 | 0.00% |
5star Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 33 | $21,275,000 | $644,697 | $0 | 0.00% |
| White | 16 | $3,640,000 | $227,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.61%
5star Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.67%
5star Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $24,915,000 | $508,469 |