Southstar Bank S.s.b. Mortgage Rates, Fees & Info

Moulton, TX

LEI: 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

157

Origination Dollar Volume (All Markets)

$61,605,000

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
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%
Southstar Bank S.s.b.'s top markets include Austin, Killeen, Dallas, Kerrville, and Houston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $53,050,000 $465,351 $0 0.00%
    Refi 14 $3,250,000 $232,143 $0 0.00%
    Other 10 $1,830,000 $183,000 $0 0.00%
    Cash Out Refi 10 $1,890,000 $189,000 $0 0.00%
    Home Improvement 9 $1,585,000 $176,111 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 57 $16,035,000 $281,316 $0 0.00%
    $100k-200k 44 $6,380,000 $145,000 $0 0.00%
    $100,000 or less 17 $1,115,000 $65,588 $0 0.00%
    $1MM+ 15 $22,595,000 $1,506,333 $0 0.00%
    $400k-600k 12 $6,130,000 $510,833 $0 0.00%
    $600k-1MM 12 $9,350,000 $779,167 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $7,860,000 $262,000 $0 0.00%
    $250k+ 30 $29,790,000 $993,000 $0 0.00%
    $50k-75k 21 $4,125,000 $196,429 $0 0.00%
    $150k-250k 20 $7,730,000 $386,500 $0 0.00%
    $75k-100k 17 $4,755,000 $279,706 $0 0.00%
    $50k or less 9 $925,000 $102,778 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $40,390,000 $439,022 $0 0.00%
    Not provided 18 $8,500,000 $472,222 $0 0.00%
    Not applicable 30 $6,420,000 $214,000 $0 0.00%
    Black 10 $3,650,000 $365,000 $0 0.00%
    American Indian 3 $1,495,000 $498,333 $0 0.00%
    Asian 3 $585,000 $195,000 $0 0.00%
    Other Asian 1 $565,000 $565,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.48%

    Southstar Bank S.s.b. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    39.49%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    157 $61,605,000 $392,389