Southstar Bank S.s.b. Mortgage Rates, Fees & Info
Moulton, TXLEI: 549300C1YZ5ZORJBI935
Tax ID: 74-0619460
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Mortgage Data
Review & Overview
Southstar Bank S.s.b. is a smaller bank specializing in Home Purchase loans. Southstar Bank S.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Killeen, Dallas, Kerrville, and Houston among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Southstar Bank S.s.b. 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
157Origination Dollar Volume (All Markets)
$61,605,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 70 | $37,720,000 | $538,857 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 26 | $5,850,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $4,205,000 | $600,714 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $2,975,000 | $991,667 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 10 | $2,690,000 | $269,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $2,460,000 | $246,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 157 | $61,605,000 | $392,389 | $0 | 0.00% |
For 2023, Southstar Bank S.s.b.'s most frequently originated type of loan was Conventional, with 157 originations.
Loan Reason
For 2023, Southstar Bank S.s.b.'s most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $61,605,000 | $392,389 | $0 | 0.00% |
For 2023, Southstar Bank S.s.b.'s most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2023 saw Southstar Bank S.s.b. place emphasis on $200k-400k loans with 57 originations, totaling $16,035,000 in origination value.
Applicant Income
Southstar Bank S.s.b. lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $250k+, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $61,605,000 | $392,389 | $0 | 0.00% |
Southstar Bank S.s.b. lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.48%
Southstar Bank S.s.b. has an average approval rate.
Pick Rate
Approvals leading to origination39.49%
Southstar Bank S.s.b. 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 |
|---|---|---|---|
| Exempt | 157 | $61,605,000 | $392,389 |