Weststar Bank Mortgage Rates, Fees & Info
EL PASO, TXLEI: 5493007ZMQ2ZFZA66L83
Tax ID: 74-2559241
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Mortgage Data
Review & Overview
Weststar Bank is a smaller bank specializing in Home Purchase loans. Weststar Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: El Paso, Las Cruces, Los Angeles, Ruidoso, and Austin among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Weststar 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
334Origination Dollar Volume (All Markets)
$90,830,000Top 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 |
|---|---|---|---|---|---|
| EL PASO, TX (FHA|USDA|VA) | 314 | $82,650,000 | $263,217 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 13 | $3,325,000 | $255,769 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,445,000 | $2,445,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
For 2018, Weststar Bank's most frequently originated type of loan was Conventional, with 169 originations. Their 2nd most popular type was FHA, with 96 originations.
Loan Reason
For 2018, Weststar Bank's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 334 | $90,830,000 | $271,946 | $0 | 0.00% |
For 2018, Weststar Bank's most frequently cited loan duration was Other, with 334 originations.
Loan Sizing
2018 saw Weststar Bank place emphasis on $100k-200k loans with 158 originations, totaling $25,860,000 in origination value.
Applicant Income
Weststar Bank lent most frequently to those with incomes in the $50k-75k range, with 92 originations. The second most popular income band? $100k-150k, with 60 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 334 | $90,830,000 | $271,946 | $0 | 0.00% |
Weststar Bank lent most frequently to those with DTI ratios of Exempt%, with 334 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.67%
Weststar 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 origination87.43%
Weststar Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 334 | $90,830,000 | $271,946 |
Occupancy Type Mix
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% |