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 Home Purchase 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, Dallas, Houston, Port Lavaca, and San Antonio among others. We have data for 11 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 a high 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

    52

    Origination Dollar Volume (All Markets)

    $12,680,000

    Awards

    WESTSTAR MORTGAGE CORPORATION 30 Year Conventional Loans silver
    Show all (1) 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) 33 $8,065,000 $244,394 $9,363 4.80%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,495,000 $498,333 $12,938 4.46%
    Outside of Metro Areas 6 $1,200,000 $200,000 $7,226 4.73%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $530,000 $265,000 $7,111 4.69%
    Port Lavaca, TX (FHA|USDA|VA) 2 $410,000 $205,000 $4,132 3.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $305,000 $305,000 $10,927 5.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.38%
    El Campo, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,399 5.25%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,412 5.00%
    Rockport, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,366 5.38%
    Weststar Mortgage Corporation's top markets include Victoria, Dallas, Houston, Port Lavaca, and San Antonio among others.

    Their top states include:
  • Texas (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.

    Del Norte Credit Union
    Similarity Rank: 198
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 198
    PRIMEWAY
    Similarity Rank: 249
    SANDIA LABORATORY
    Similarity Rank: 256
    AMOCO
    Similarity Rank: 510
    A+ Federal Credit Union
    Similarity Rank: 858
    First Financial Credit Union
    Similarity Rank: 869
    TEXAS BAY
    Similarity Rank: 957
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    SANDIA AREA
    Similarity Rank: 1155

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $9,020,000 $250,556 $7,484 4.67%
    FHA 15 $3,275,000 $218,333 $10,277 4.83%
    VA 1 $385,000 $385,000 $21,488 6.25%

    For 2022, Weststar Mortgage Corporation's most frequently originated type of loan was Conventional, with 36 originations. Their 2nd most popular type was FHA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $9,375,000 $253,378 $9,372 4.81%
    Refi 9 $2,305,000 $256,111 $7,340 4.36%
    Cash Out Refi 6 $1,000,000 $166,667 $6,055 4.92%

    For 2022, Weststar Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 45 $11,205,000 $249,000 $9,100 4.72%
    15 Year 4 $1,140,000 $285,000 $6,019 4.13%
    20 Year 3 $335,000 $111,667 $5,491 5.83%

    For 2022, Weststar Mortgage Corporation's most frequently cited loan duration was 30 Year, with 45 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 12 $4,380,000 $365,000
    $1k-2k 11 $2,275,000 $206,818
    $2k-3k 8 $1,450,000 $181,250
    $4k-5k 8 $2,310,000 $288,750
    $<1k 4 $590,000 $147,500
    $3k-4k 4 $970,000 $242,500

    Weststar Mortgage Corporation's average total fees were $9,100, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 12 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 16 $3,560,000 $222,500
    3-4% 15 $4,455,000 $297,000
    4-5% 15 $2,935,000 $195,667
    6-7% 6 $1,730,000 $288,333

    During 2022, Weststar Mortgage Corporation's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 5-6%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 24 $7,050,000 $293,750 $9,749 4.69%
    $100k-200k 18 $2,750,000 $152,778 $6,882 4.77%
    $100,000 or less 6 $500,000 $83,333 $4,651 5.00%
    $400k-600k 2 $1,130,000 $565,000 $15,972 4.63%
    $600k-1MM 2 $1,250,000 $625,000 $12,496 4.50%

    2022 saw Weststar Mortgage Corporation place emphasis on $200k-400k loans with 24 originations, totaling $7,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $4,055,000 $270,333 $8,700 4.72%
    $50k-75k 11 $1,705,000 $155,000 $6,413 4.61%
    $75k-100k 10 $2,400,000 $240,000 $9,062 4.74%
    $150k-250k 9 $2,755,000 $306,111 $12,344 5.21%
    $50k or less 4 $480,000 $120,000 $7,214 5.25%
    $250k+ 3 $1,285,000 $428,333 $11,061 3.29%

    Weststar Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 10 $3,050,000 $305,000 $8,798 4.90%
    50-60% 6 $1,180,000 $196,667 $8,724 4.56%
    20-30% 6 $1,190,000 $198,333 $7,884 4.58%
    39% 4 $1,140,000 $285,000 $7,763 3.81%
    45% 4 $840,000 $210,000 $8,058 4.97%
    47% 3 $485,000 $161,667 $6,292 5.38%
    36% 3 $745,000 $248,333 $6,265 4.54%
    49% 3 $1,105,000 $368,333 $12,379 5.17%
    <20% 2 $290,000 $145,000 $4,308 3.44%
    38% 2 $300,000 $150,000 $3,661 4.38%
    42% 2 $430,000 $215,000 $9,870 4.81%
    44% 2 $410,000 $205,000 $7,274 5.00%
    46% 1 $165,000 $165,000 $10,606 5.75%
    48% 1 $575,000 $575,000 $11,853 3.13%
    40% 1 $145,000 $145,000 $9,959 5.75%
    37% 1 $245,000 $245,000 $11,611 6.25%
    >60% 1 $385,000 $385,000 $21,488 6.25%

    Weststar Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, 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 50 $12,270,000 $245,400 $8,578 4.71%
    American Indian 1 $265,000 $265,000 $11,695 5.13%
    Native Hawaiian or Islander 1 $145,000 $145,000 $9,959 5.75%

    Approval Rates

    Total approvals of all applications
    99.92%

    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
    13.46%

    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 $12,680,000 $243,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    52 $12,680,000 $243,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 5 $595,000 $119,000 $6,036 5.05%
    60-80% 15 $3,825,000 $255,000 $6,341 4.62%
    80-100% 32 $8,260,000 $258,125 $9,805 4.75%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    West Coast Servicing, Inc. Conventional home mortgage Trouble during payment process 1 100.0%