Starboard Financial Management Mortgage Rates, Fees & Info
MESA, AZLEI: 549300C4RD3C53QCM649
Tax ID: 83-0446200
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Mortgage Data
Review & Overview
Starboard Financial Management is a smaller mortgage company specializing in Home Purchase and 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 by origination volume include: Phoenix, Flagstaff, Prescott Valley, Tucson, and Payson among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Starboard Financial Management 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. Starboard Financial Management is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 4/18/24 |
| 30 Year Conventional Refi | 6.55% | 4/18/24 |
| 30 Year Cash-out Refi | 6.69% | 4/18/24 |
| 30 Year FHA Purchase | 7.75% | 4/18/24 |
| 30 Year FHA Refi | 7.33% | 4/18/24 |
| 30 Year VA Purchase | 6.57% | 4/18/24 |
| 30 Year USDA Purchase | 6.98% | 4/18/24 |
| 15 Year Conventional Purchase | 6.23% | 4/18/24 |
| 15 Year Conventional Refi | 6.10% | 4/18/24 |
| 15 Year Cash-out Refi | 6.10% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Starboard Financial Management Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
235Origination Dollar Volume (All Markets)
$82,865,000Awards
STARBOARD FINANCIAL MANAGEMENT - 2023
STARBOARD FINANCIAL MANAGEMENT is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Starboard Financial Management's average 30 year fixed mortgage rate was
6.8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.32%.
Relative Fees (Closing Costs)
Starboard Financial Management's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,139.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 163 | $58,795,000 | $360,706 | $11,798 | 6.71% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 21 | $6,865,000 | $326,905 | $8,091 | 7.04% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 17 | $6,245,000 | $367,353 | $11,234 | 6.99% |
| TUCSON, AZ (FHA|USDA|VA) | 9 | $2,875,000 | $319,444 | $11,553 | 7.08% |
| Payson, AZ (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $16,180 | 6.58% |
| Rexburg, ID (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $7,532 | 8.06% |
| Show Low, AZ (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $8,897 | 7.27% |
| Outside of Metro Areas | 1 | $725,000 | $725,000 | $7,146 | 6.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $2,572 | 6.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $19,899 | 6.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,616 | 6.99% |
| Outside of Metro Areas | 2 | $460,000 | $230,000 | $10,314 | 6.94% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,037 | 6.38% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,406 | 5.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,118 | 7.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,925 | 7.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,348 | 6.88% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,249 | 7.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,344 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against STARBOARD FINANCIAL MANAGEMENT based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Starboard Financial Management's most frequently originated type of loan was Conventional, with 161 originations. Their 2nd most popular type was FHA, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 176 | $62,660,000 | $356,023 | $11,851 | 6.73% |
| Refi | 59 | $20,205,000 | $342,458 | $9,084 | 6.99% |
For 2023, Starboard Financial Management's most frequently cited loan purpose was Home Purchase, with 176 originations. The 2nd most popular reason was Refi, with 59 originations.
Loan Duration/Length
For 2023, Starboard Financial Management's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Starboard Financial Management's average total fees were $11,139, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 141 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 133 | $46,905,000 | $352,669 |
| 7-8% | 64 | $22,260,000 | $347,813 |
| 5-6% | 28 | $10,050,000 | $358,929 |
| Over 8% | 10 | $3,650,000 | $365,000 |
During 2023, Starboard Financial Management's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 133 originations.
Loan Sizing
2023 saw Starboard Financial Management place emphasis on $200k-400k loans with 138 originations, totaling $41,960,000 in origination value.
Applicant Income
Starboard Financial Management lent most frequently to those with incomes in the $100k-150k range, with 72 originations. The second most popular income band? $50k-75k, with 44 originations.
Applicant Debt to Income Ratio
Starboard Financial Management lent most frequently to those with DTI ratios of 30-36%, with 26 originations. The next most common DTI ratio? 20-30%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.63%
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 origination69.79%
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 | 235 | $82,865,000 | $352,617 |