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 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, Chicago, Flagstaff, Prescott Valley, and Tucson among others. We have data for 30 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 an average 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 about average 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
890Origination Dollar Volume (All Markets)
$198,410,000Awards
STARBOARD FINANCIAL MANAGEMENT - 2018
STARBOARD FINANCIAL MANAGEMENT is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 584 | $133,800,000 | $229,110 | $5,492 | 5.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 123 | $27,645,000 | $224,756 | $5,949 | 4.81% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 57 | $13,165,000 | $230,965 | $5,460 | 5.05% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 37 | $8,075,000 | $218,243 | $5,197 | 5.11% |
| TUCSON, AZ (FHA|USDA|VA) | 22 | $3,760,000 | $170,909 | $5,953 | 5.17% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 17 | $2,705,000 | $159,118 | $5,807 | 5.10% |
| Payson, AZ (FHA|USDA|VA) | 13 | $2,005,000 | $154,231 | $4,408 | 5.39% |
| Show Low, AZ (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $4,923 | 4.78% |
| Safford, AZ (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $7,433 | 5.56% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $13,203 | 5.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,541 | 5.42% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,518 | 4.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,041 | 4.92% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,985 | 4.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $12,054 | 5.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $4,366 | 5.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,644 | 5.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,949 | 4.75% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $3,244 | 5.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,740 | 4.75% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,771 | 4.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,669 | 5.13% |
| WACO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,839 | 4.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,289 | 5.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,340 | 4.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,577 | 4.25% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.75% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $4,007 | 4.38% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,691 | 4.88% |
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 2018, Starboard Financial Management's most frequently originated type of loan was Conventional, with 591 originations. Their 2nd most popular type was FHA, with 222 originations.
Loan Reason
For 2018, Starboard Financial Management's most frequently cited loan purpose was Home Purchase, with 763 originations. The 2nd most popular reason was Cash Out Refi, with 69 originations.
Loan Duration/Length
For 2018, Starboard Financial Management's most frequently cited loan duration was 30 Year, with 859 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
Starboard Financial Management's average total fees were $5,647, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 432 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 528 | $124,340,000 | $235,492 |
| 5-6% | 275 | $56,235,000 | $204,491 |
| 6-7% | 67 | $12,675,000 | $189,179 |
| 3-4% | 20 | $5,160,000 | $258,000 |
During 2018, Starboard Financial Management's average interest rate for loans was 5.06%, while their most frequently originated rate bucket for loans was 4-5%, with 528 originations.
Loan Sizing
2018 saw Starboard Financial Management place emphasis on $200k-400k loans with 438 originations, totaling $113,700,000 in origination value.
Applicant Income
Starboard Financial Management lent most frequently to those with incomes in the $50k-75k range, with 288 originations. The second most popular income band? $50k or less, with 197 originations.
Applicant Debt to Income Ratio
Starboard Financial Management lent most frequently to those with DTI ratios of 30-36%, with 136 originations. The next most common DTI ratio? 20-30%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.77%
Starboard Financial Management has an average approval rate.
Pick Rate
Approvals leading to origination61.24%
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 | 890 | $198,410,000 | $222,933 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 27 | $3,895,000 | $144,259 |
| Single Family (1-4 Units):Site-Built | 863 | $194,515,000 | $225,394 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Strive Lending, Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |