Weststar Mortgage Corporation Rates, Fees & Info
ALBUQUERQUE, NMLEI: 5493005DYVXTSXZPZF85
Tax ID: 85-0308543
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Weststar Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Weststar Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Victoria, Port Lavaca, Austin, Stephenville, and El Campo among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Weststar Mortgage 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. Weststar Mortgage Corporation is typically an average 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 | 6.82% | 12/16/24 |
| 30 Year Conventional Refi | 6.87% | 12/16/24 |
| 30 Year Cash-out Refi | 7.19% | 12/16/24 |
| 30 Year FHA Purchase | 7.58% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 5.98% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.07% | 12/16/24 |
| 15 Year Conventional Refi | 6.24% | 12/16/24 |
| 15 Year Cash-out Refi | 6.24% | 12/16/24 |
| 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. | ||
Weststar Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Weststar Mortgage 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
52Origination Dollar Volume (All Markets)
$8,500,000Awards
WESTSTAR MORTGAGE CORPORATION - 2018
WESTSTAR MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for WESTSTAR MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| VICTORIA, TX (FHA|USDA|VA) | 41 | $7,185,000 | $175,244 | $5,909 | 4.66% |
| Port Lavaca, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,427 | 4.25% |
| Outside of Metro Areas | 3 | $325,000 | $108,333 | $4,761 | 4.54% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,626 | 4.38% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,424 | 4.50% |
| El Campo, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,156 | 4.63% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,266 | 4.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,495 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against WESTSTAR MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 28
Similarity Rank: 80
Similarity Rank: 96
Similarity Rank: 144
Similarity Rank: 195
Similarity Rank: 200
Similarity Rank: 291
Similarity Rank: 396
Similarity Rank: 416
Similarity Rank: 456
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 32 | $4,370,000 | $136,563 | $5,655 | 4.61% |
| Conventional | 19 | $3,895,000 | $205,000 | $5,191 | 4.62% |
| VA | 1 | $235,000 | $235,000 | $8,198 | 4.88% |
For 2018, Weststar Mortgage Corporation's most frequently originated type of loan was FHA, with 32 originations. Their 2nd most popular type was Conventional, with 19 originations.
Loan Reason
For 2018, Weststar Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2018, Weststar Mortgage Corporation's most frequently cited loan duration was 30 Year, with 41 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Weststar Mortgage Corporation's average total fees were $5,844, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 44 | $7,120,000 | $161,818 |
| 3-4% | 4 | $530,000 | $132,500 |
| 5-6% | 4 | $850,000 | $212,500 |
During 2018, Weststar Mortgage Corporation's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 44 originations.
Loan Sizing
2018 saw Weststar Mortgage Corporation place emphasis on $100k-200k loans with 23 originations, totaling $3,295,000 in origination value.
Applicant Income
Weststar Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
Weststar Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 50-60%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 51 | $8,175,000 | $160,294 | $5,591 | 4.62% |
| Asian | 1 | $325,000 | $325,000 | $2,660 | 4.63% |
Approval Rates
Total approvals of all applications99.11%
Weststar Mortgage 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 origination40.38%
Weststar Mortgage Corporation 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 |
|---|---|---|---|
| NA | 52 | $8,500,000 | $163,462 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $485,000 | $97,000 |
| Single Family (1-4 Units):Site-Built | 47 | $8,015,000 | $170,532 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTSTAR MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| WESTSTAR MORTGAGE CORPORATION | Conventional home mortgage | Incorrect information on your report | 1 | 50.0% |