Weststar Bank Mortgage Rates, Fees & Info

EL PASO, TX

LEI: 5493007ZMQ2ZFZA66L83

Tax ID: 74-2559241

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Bank is a smaller bank specializing in Home Purchase loans. Weststar Bank has a high proportion of conventional loans. Their top markets by origination volume include: El Paso, Breckenridge, Las Cruces, and Austin among others. We have data for 4 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.

    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.

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    Originations

    45

    Origination Dollar Volume (All Markets)

    $19,255,000

    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
    EL PASO, TX (FHA|USDA|VA) 41 $16,455,000 $401,341 $0 0.00%
    Breckenridge, CO (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $0 0.00%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Weststar Bank's top markets include El Paso, Breckenridge, Las Cruces, and Austin among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $19,255,000 $427,889 $0 0.00%

    For 2019, Weststar Bank's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $17,505,000 $473,108 $0 0.00%
    Home Improvement 4 $600,000 $150,000 $0 0.00%
    Other 2 $100,000 $50,000 $0 0.00%
    Refi 2 $1,050,000 $525,000 $0 0.00%

    For 2019, Weststar Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Home Improvement, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $19,255,000 $427,889 $0 0.00%

    For 2019, Weststar Bank's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,220,000 $55,455 $0 0.00%
    $1MM+ 7 $11,215,000 $1,602,143 $0 0.00%
    $200k-400k 5 $1,205,000 $241,000 $0 0.00%
    $400k-600k 4 $1,920,000 $480,000 $0 0.00%
    $600k-1MM 4 $3,250,000 $812,500 $0 0.00%
    $100k-200k 3 $445,000 $148,333 $0 0.00%

    2019 saw Weststar Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $500,000 $41,667 $0 0.00%
    $150k-250k 2 $150,000 $75,000 $0 0.00%
    $250k+ 2 $1,220,000 $610,000 $0 0.00%
    $50k-75k 2 $110,000 $55,000 $0 0.00%
    $75k-100k 1 $225,000 $225,000 $0 0.00%

    Weststar Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $150k-250k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $19,255,000 $427,889 $0 0.00%

    Weststar Bank lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 26 $17,050,000 $655,769 $0 0.00%
    White 18 $2,160,000 $120,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.07%

    Weststar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.67%

    Weststar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $19,255,000 $427,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $13,200,000 $942,857
    Single Family (1-4 Units):Site-Built 31 $6,055,000 $195,323

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    WESTSTAR MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 20.0%
    WESTSTAR MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 20.0%
    WESTSTAR MORTGAGE CORPORATION Other type of mortgage Trouble during payment process 2 40.0%
    WESTSTAR MORTGAGE CORPORATION VA mortgage Trouble during payment process 1 20.0%