Weststar Mortgage Corporation Rates, Fees & Info

ALBUQUERQUE, NM

LEI: 5493005DYVXTSXZPZF85

Tax ID: 85-0308543

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Weststar Mortgage Corporation is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Weststar Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Victoria, Houston, Dallas, Austin, and San Antonio among others. We have data for 16 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% 5/4/24
    30 Year Conventional Refi 6.87% 5/4/24
    30 Year Cash-out Refi 7.19% 5/4/24
    30 Year FHA Purchase 7.58% 5/4/24
    30 Year FHA Refi 6.27% 5/4/24
    30 Year VA Purchase 5.98% 5/4/24
    30 Year USDA Purchase 6.27% 5/4/24
    15 Year Conventional Purchase 6.07% 5/4/24
    15 Year Conventional Refi 6.24% 5/4/24
    15 Year Cash-out Refi 6.24% 5/4/24
    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

    142

    Origination Dollar Volume (All Markets)

    $34,920,000
    Show all (6) 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
    VICTORIA, TX (FHA|USDA|VA) 65 $15,055,000 $231,615 $5,385 2.95%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 25 $5,755,000 $230,200 $2,985 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 16 $4,700,000 $293,750 $4,504 2.59%
    Outside of Metro Areas 13 $3,735,000 $287,308 $5,040 2.81%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,287 2.60%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,075,000 $215,000 $4,151 2.83%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $705,000 $235,000 $5,534 3.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $14,858 1.75%
    Port Lavaca, TX (FHA|USDA|VA) 2 $520,000 $260,000 $8,829 3.19%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $425,000 $425,000 $3,472 2.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $1,391 2.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $245,000 $245,000 $1,973 2.25%
    Rockport, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,132 2.75%
    LONGVIEW, TX (FHA|USDA|VA) 1 $145,000 $145,000 $10,351 3.75%
    Nacogdoches, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,081 2.25%
    Corsicana, TX (FHA|USDA|VA) 1 $75,000 $75,000 $1,128 2.38%
    Weststar Mortgage Corporation's top markets include Victoria, Houston, Dallas, Austin, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)

    • 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.

    SANDIA LABORATORY
    Similarity Rank: 180
    AMOCO
    Similarity Rank: 405
    Del Norte Credit Union
    Similarity Rank: 624
    First American Bank
    Similarity Rank: 713
    AAXY L.L.C.
    Similarity Rank: 1188
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1512
    Enterprise Bank & Trust
    Similarity Rank: 1794
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    Kirtland Federal Credit Union
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $28,685,000 $249,435 $4,255 2.78%
    FHA 20 $4,100,000 $205,000 $7,595 3.20%
    VA 7 $2,135,000 $305,000 $4,700 2.46%

    For 2021, Weststar Mortgage Corporation's most frequently originated type of loan was Conventional, with 115 originations. Their 2nd most popular type was FHA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $14,310,000 $238,500 $3,230 2.67%
    Home Purchase 54 $12,930,000 $239,444 $6,357 3.01%
    Cash Out Refi 28 $7,680,000 $274,286 $4,894 2.81%

    For 2021, Weststar Mortgage Corporation's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 117 $30,335,000 $259,274 $5,097 2.90%
    15 Year 16 $3,020,000 $188,750 $3,179 2.38%
    20 Year 6 $1,130,000 $188,333 $2,224 2.75%
    10 Year 2 $220,000 $110,000 $4,453 2.31%
    Other 1 $215,000 $215,000 $4,589 2.75%

    For 2021, Weststar Mortgage Corporation's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 65 $16,355,000 $251,615
    $<1k 61 $15,005,000 $245,984
    $2k-3k 6 $890,000 $148,333
    $3k-4k 5 $1,185,000 $237,000
    $4k-5k 4 $1,090,000 $272,500
    $5k+ 1 $395,000 $395,000

    Weststar Mortgage Corporation's average total fees were $5,097, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 65 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 64 $17,360,000 $271,250
    <2.5% 41 $9,765,000 $238,171
    3-4% 37 $7,795,000 $210,676

    During 2021, Weststar Mortgage Corporation's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 68 $18,780,000 $276,176 $5,282 2.84%
    $100k-200k 44 $7,190,000 $163,409 $3,843 2.85%
    $100,000 or less 14 $1,030,000 $73,571 $2,877 2.88%
    $400k-600k 14 $6,340,000 $452,857 $6,649 2.65%
    $600k-1MM 2 $1,580,000 $790,000 $6,211 2.75%

    2021 saw Weststar Mortgage Corporation place emphasis on $200k-400k loans with 68 originations, totaling $18,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $10,665,000 $248,023 $4,784 2.84%
    $150k-250k 33 $10,295,000 $311,970 $4,988 2.78%
    $75k-100k 25 $5,225,000 $209,000 $4,670 2.95%
    $50k-75k 22 $4,350,000 $197,727 $4,941 2.89%
    $50k or less 15 $2,155,000 $143,667 $3,082 2.67%
    $250k+ 4 $2,230,000 $557,500 $8,018 2.47%

    Weststar Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $7,415,000 $239,194 $4,022 2.69%
    30-36% 25 $5,975,000 $239,000 $4,625 2.80%
    <20% 10 $3,610,000 $361,000 $4,852 2.67%
    49% 9 $2,055,000 $228,333 $5,912 3.08%
    39% 8 $1,990,000 $248,750 $6,917 2.97%
    38% 7 $1,565,000 $223,571 $4,492 2.98%
    44% 7 $1,715,000 $245,000 $5,546 2.88%
    43% 7 $1,565,000 $223,571 $4,277 3.14%
    40% 6 $1,200,000 $200,000 $4,695 2.81%
    45% 5 $1,135,000 $227,000 $6,880 2.80%
    50-60% 4 $1,110,000 $277,500 $5,194 2.97%
    41% 4 $940,000 $235,000 $3,037 2.81%
    42% 4 $860,000 $215,000 $2,990 2.87%
    48% 4 $1,150,000 $287,500 $6,596 3.06%
    47% 2 $580,000 $290,000 $6,921 2.81%
    36% 2 $670,000 $335,000 $4,295 2.56%
    37% 2 $390,000 $195,000 $5,262 2.56%
    46% 2 $350,000 $175,000 $2,740 2.88%

    Weststar Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 135 $32,645,000 $241,815 $4,734 2.82%
    Not provided 4 $1,340,000 $335,000 $4,688 2.88%
    Black 2 $610,000 $305,000 $5,992 3.06%
    Native Hawaiian or Islander 1 $325,000 $325,000 $4,269 2.88%

    Approval Rates

    Total approvals of all applications
    99.91%

    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 origination
    63.38%

    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 142 $34,920,000 $245,915

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    142 $34,920,000 $245,915

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,775,000 $197,222 $4,382 2.47%
    40-60% 22 $5,000,000 $227,273 $3,641 2.62%
    60-80% 49 $12,145,000 $247,857 $3,644 2.84%
    80-100% 61 $15,945,000 $261,393 $6,085 2.95%
    Under 20% 1 $55,000 $55,000 $4,818 2.63%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WESTSTAR MORTGAGE CORPORATION VA mortgage Closing on a mortgage 1 14.3%
    WESTSTAR MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 1 14.3%
    WESTSTAR MORTGAGE CORPORATION FHA mortgage Trouble during payment process 2 28.6%
    WESTSTAR MORTGAGE CORPORATION FHA mortgage Unable to get your credit report or credit score 1 14.3%
    WESTSTAR MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    WESTSTAR MORTGAGE CORPORATION Conventional home mortgage Unable to get your credit report or credit score 1 14.3%