Starboard Financial Management Mortgage Rates, Fees & Info
MESA, AZLEI: 549300C4RD3C53QCM649
Tax ID: 83-0446200
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Starboard Financial Management is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Starboard Financial Management 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 include Phoenix, Flagstaff, Prescott Valley, Chicago, and Tucson among others. Starboard Financial Management has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Starboard Financial Management is typically an average fee lendor.Originations
1,044Origination Dollar Volume (All Markets)
$286,170,000Awards
STARBOARD FINANCIAL MANAGEMENT - 2021
STARBOARD FINANCIAL MANAGEMENT is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Starboard Financial Management 's average 30 year fixed rate mortgage of loans were
3.31%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.16%.
Relative Fees
Starboard Financial Management 's average total fees for a 30 year fixed rate
mortgage are $4,735.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 704 | $201,220,000 | $285,824 | $4,451 | 3.27% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 81 | $21,895,000 | $270,309 | $5,246 | 3.21% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 56 | $16,560,000 | $295,714 | $4,032 | 3.20% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 65 | $13,465,000 | $207,154 | $5,359 | 3.09% |
| TUCSON, AZ (FHA|USDA|VA) | 47 | $10,735,000 | $228,404 | $4,123 | 3.52% |
| Show Low, AZ (FHA|USDA|VA) | 8 | $2,020,000 | $252,500 | $5,673 | 3.58% |
| Payson, AZ (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $4,429 | 3.20% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $4,067 | 3.67% |
| Rexburg, ID (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $5,641 | 3.43% |
| Outside of Metro Areas | 6 | $1,580,000 | $263,333 | $7,180 | 3.29% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 10 | $1,460,000 | $146,000 | $4,663 | 3.46% |
| Granbury, TX (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $4,604 | 2.96% |
| Outside of Metro Areas | 4 | $1,140,000 | $285,000 | $6,184 | 3.03% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $10,805 | 2.67% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $2,677 | 3.03% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $0 | 4.18% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,242 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $5,021 | 3.33% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,579 | 4.08% |
| Nogales, AZ (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,194 | 3.54% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,331 | 3.06% |
| REDDING, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,290 | 3.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $18,910 | 3.25% |
| FARMINGTON, NM (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,301 | 3.50% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,579 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,731 | 3.13% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,631 | 2.75% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,150 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,768 | 3.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.13% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,750 | 2.88% |
| Safford, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,058 | 2.88% |
Starboard Financial Management 's top markets include Phoenix, Flagstaff, Prescott Valley, Chicago, and Tucson among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 821 | $224,305,000 | $273,210 | $4,015 | 3.22% |
| FHA | 166 | $44,630,000 | $268,855 | $9,394 | 3.65% |
| VA | 46 | $15,160,000 | $329,565 | $6,685 | 2.85% |
| USDA | 11 | $2,075,000 | $188,636 | $6,598 | 3.08% |
For the 2021 period, Starboard Financial Management 's most frequently originated loan type of loans were Conventional, with 821 originations. Their 2nd most popular type is FHA, with 166 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 493 | $140,765,000 | $285,527 | $6,580 | 3.42% |
| Refi | 309 | $74,955,000 | $242,573 | $2,834 | 3.05% |
| Cash Out Refi | 242 | $70,450,000 | $291,116 | $4,063 | 3.25% |
For the 2021, Starboard Financial Management 's most frequently cited loan purpose of loans were Home Purchase, with 493 originations. The 2nd most popular reason of loans were Refi, with 309 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 951 | $264,765,000 | $278,407 | $4,735 | 3.31% |
| 15 Year | 44 | $8,840,000 | $200,909 | $3,441 | 2.72% |
| Other | 22 | $6,020,000 | $273,636 | $3,708 | 3.14% |
| 20 Year | 21 | $5,355,000 | $255,000 | $3,559 | 3.03% |
| 10 Year | 6 | $1,190,000 | $198,333 | $3,436 | 2.33% |
For the 2021, Starboard Financial Management 's most frequently cited loan length of loans were 30 Year, with 951 originations. The 2nd most popular length of loans were 15 Year, with 44 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 327 | $88,225,000 | $269,801 |
| $<1k | 268 | $66,910,000 | $249,664 |
| $3k-4k | 189 | $51,985,000 | $275,053 |
| $2k-3k | 116 | $32,390,000 | $279,224 |
| $5k+ | 93 | $34,255,000 | $368,333 |
$4,735 of loans were Starboard Financial Management 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 327 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 574 | $160,410,000 | $279,460 |
| 2.5-3% | 354 | $94,740,000 | $267,627 |
| 4-5% | 74 | $19,860,000 | $268,378 |
| <2.5% | 39 | $9,875,000 | $253,205 |
| 5-6% | 3 | $1,285,000 | $428,333 |
During 2021, Starboard Financial Management 's average interest rate of loans were 3.31%, while their most frequently originated rate bucket of loans were 3-4%, with 574 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 620 | $176,000,000 | $283,871 | $5,000 | 3.33% |
| $100k-200k | 263 | $41,515,000 | $157,852 | $3,189 | 3.18% |
| $400k-600k | 134 | $63,710,000 | $475,448 | $5,696 | 3.20% |
| $100,000 or less | 23 | $1,875,000 | $81,522 | $2,729 | 3.08% |
| $600k-1MM | 4 | $3,070,000 | $767,500 | $9,793 | 3.00% |
2021 saw Starboard Financial Management place emphasis on $200k-400k loans with 620 originations, totaling $176,000,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 320 | $78,470,000 | $245,219 | $4,664 | 3.34% |
| $75k-100k | 206 | $59,860,000 | $290,583 | $5,085 | 3.34% |
| $100k-150k | 187 | $58,495,000 | $312,807 | $4,764 | 3.21% |
| $50k or less | 185 | $34,055,000 | $184,081 | $3,749 | 3.22% |
| $150k-250k | 106 | $40,540,000 | $382,453 | $5,071 | 3.19% |
| $250k+ | 25 | $10,585,000 | $423,400 | $5,169 | 3.33% |
Starboard Financial Management lent most frequently to those with incomes in the $50k-75k range, with 320 originations. The second most popular income band? $75k-100k, with 206 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 181 | $48,165,000 | $266,105 | $3,819 | 3.16% |
| 30-36% | 169 | $46,455,000 | $274,882 | $4,658 | 3.16% |
| 44% | 60 | $16,400,000 | $273,333 | $5,262 | 3.55% |
| <20% | 53 | $13,165,000 | $248,396 | $3,663 | 3.08% |
| 40% | 51 | $14,345,000 | $281,275 | $5,090 | 3.35% |
| 41% | 47 | $14,115,000 | $300,319 | $4,748 | 3.40% |
| 39% | 47 | $14,235,000 | $302,872 | $4,578 | 3.33% |
| 42% | 46 | $13,010,000 | $282,826 | $5,452 | 3.40% |
| 46% | 46 | $12,210,000 | $265,435 | $4,664 | 3.24% |
| 43% | 44 | $12,440,000 | $282,727 | $5,024 | 3.40% |
| 36% | 44 | $10,700,000 | $243,182 | $4,863 | 3.39% |
| 48% | 43 | $11,905,000 | $276,860 | $4,609 | 3.30% |
| 47% | 42 | $11,730,000 | $279,286 | $5,253 | 3.48% |
| 45% | 37 | $10,115,000 | $273,378 | $5,406 | 3.30% |
| 38% | 36 | $8,950,000 | $248,611 | $4,206 | 3.29% |
| 49% | 36 | $9,770,000 | $271,389 | $4,482 | 3.40% |
| 37% | 24 | $7,210,000 | $300,417 | $4,557 | 3.18% |
| 50-60% | 20 | $6,160,000 | $308,000 | $8,383 | 3.21% |
| >60% | 3 | $925,000 | $308,333 | $3,697 | 3.25% |
Starboard Financial Management lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 169 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 933 | $256,415,000 | $274,829 | $4,543 | 3.24% |
| Black | 42 | $11,510,000 | $274,048 | $5,503 | 3.59% |
| Asian | 21 | $5,835,000 | $277,857 | $5,636 | 3.40% |
| Not provided | 21 | $5,135,000 | $244,524 | $4,919 | 3.54% |
| American Indian | 13 | $3,325,000 | $255,769 | $5,738 | 3.29% |
| Native Hawaiian | 7 | $1,865,000 | $266,429 | $4,385 | 3.59% |
| Other Asian | 4 | $1,170,000 | $292,500 | $5,006 | 3.31% |
| Asian Indian | 2 | $470,000 | $235,000 | $1,977 | 4.06% |
| Native Hawiian | 1 | $445,000 | $445,000 | $4,979 | 3.75% |
Approval Rates
Total approvals of all applications96.54%
Starboard Financial Management has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination60.18%
Starboard Financial Management 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 | 1,044 | $286,170,000 | $274,109 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,044 | $286,170,000 | $274,109 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 58 | $9,220,000 | $158,966 | $2,447 | 2.92% |
| 40-60% | 193 | $47,305,000 | $245,104 | $2,767 | 3.04% |
| 60-80% | 362 | $104,890,000 | $289,751 | $4,243 | 3.25% |
| 80-100% | 425 | $122,975,000 | $289,353 | $6,444 | 3.44% |
| Over 100% | 4 | $1,560,000 | $390,000 | $15,462 | 3.22% |
| Under 20% | 2 | $220,000 | $110,000 | $953 | 2.69% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STARBOARD FINANCIAL MANAGEMENT | FHA mortgage | Trouble during payment process | 1 | 100.0% |
