Starboard Financial Management Mortgage Rates, Fees & Info

MESA, AZ

LEI: 549300C4RD3C53QCM649

Tax ID: 83-0446200

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Flagstaff, Prescott Valley, Tucson, and Show Low 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.79% 4/21/24
    30 Year Conventional Refi 6.55% 4/21/24
    30 Year Cash-out Refi 6.69% 4/21/24
    30 Year FHA Purchase 7.75% 4/21/24
    30 Year FHA Refi 7.33% 4/21/24
    30 Year VA Purchase 6.57% 4/21/24
    30 Year USDA Purchase 6.98% 4/21/24
    15 Year Conventional Purchase 6.23% 4/21/24
    15 Year Conventional Refi 6.10% 4/21/24
    15 Year Cash-out Refi 6.10% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Starboard Financial Management. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    444

    Origination Dollar Volume (All Markets)

    $144,450,000

    Awards

    STARBOARD FINANCIAL MANAGEMENT 30 Year Conventional Loans gold
    Show all (1) awards

    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) 325 $109,875,000 $338,077 $8,138 4.85%
    FLAGSTAFF, AZ (FHA|USDA|VA) 42 $13,540,000 $322,381 $7,144 4.78%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 33 $10,265,000 $311,061 $7,978 5.04%
    TUCSON, AZ (FHA|USDA|VA) 19 $5,075,000 $267,105 $8,915 5.17%
    Show Low, AZ (FHA|USDA|VA) 6 $1,190,000 $198,333 $6,461 5.54%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $1,180,000 $295,000 $8,021 5.53%
    YUMA, AZ (FHA|USDA|VA) 2 $470,000 $235,000 $6,831 4.63%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $335,000 $335,000 $15,330 5.13%
    Payson, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $12,068 5.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $6,261 5.50%
    Rexburg, ID (FHA|USDA|VA) 1 $325,000 $325,000 $12,132 6.63%
    Nogales, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.63%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $245,000 $245,000 $2,944 3.50%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $6,844 2.88%
    FARMINGTON, NM (FHA|USDA|VA) 2 $220,000 $110,000 $3,405 5.06%
    ROCKFORD, IL (FHA|USDA|VA) 1 $175,000 $175,000 $7,090 4.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $175,000 $175,000 $5,725 5.25%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $135,000 $135,000 $5,890 5.25%
    Silver City, NM (FHA|USDA|VA) 1 $105,000 $105,000 $5,925 6.13%
    Starboard Financial Management's top markets include Phoenix, Flagstaff, Prescott Valley, Tucson, and Show Low among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • 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.

    First Savings Bank of Hegewisch
    Similarity Rank: 64
    Liberty Bank for Savings
    Similarity Rank: 116
    FINANCIAL PLUS
    Similarity Rank: 198
    PIMA Federal Credit Union
    Similarity Rank: 252
    First Credit Union
    Similarity Rank: 450
    DuPage Credit Union
    Similarity Rank: 579
    EDUCATORS CREDIT UNION
    Similarity Rank: 850
    AERO Federal Credit Union
    Similarity Rank: 894
    Community State Bank
    Similarity Rank: 930
    Bank of Pontiac
    Similarity Rank: 1050

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 349 $113,065,000 $323,968 $7,101 4.80%
    FHA 70 $22,570,000 $322,429 $12,657 5.45%
    VA 23 $8,185,000 $355,870 $11,400 4.73%
    USDA 2 $630,000 $315,000 $9,891 4.50%

    For 2022, Starboard Financial Management's most frequently originated type of loan was Conventional, with 349 originations. Their 2nd most popular type was FHA, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 303 $103,245,000 $340,743 $9,030 5.07%
    Cash Out Refi 87 $25,115,000 $288,678 $5,498 4.19%
    Refi 54 $16,090,000 $297,963 $6,800 5.05%

    For 2022, Starboard Financial Management's most frequently cited loan purpose was Home Purchase, with 303 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 418 $138,330,000 $330,933 $8,222 4.96%
    15 Year 16 $3,620,000 $226,250 $4,027 3.52%
    20 Year 8 $1,940,000 $242,500 $4,231 4.17%
    Other 2 $560,000 $280,000 $9,205 4.63%

    For 2022, Starboard Financial Management's most frequently cited loan duration was 30 Year, with 418 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 142 $53,410,000 $376,127
    $1k-2k 98 $31,230,000 $318,673
    $2k-3k 55 $15,825,000 $287,727
    $4k-5k 54 $16,410,000 $303,889
    $3k-4k 51 $15,835,000 $310,490
    $<1k 43 $11,685,000 $271,744

    Starboard Financial Management's average total fees were $8,222, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 142 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 136 $45,360,000 $333,529
    3-4% 120 $40,150,000 $334,583
    4-5% 101 $31,695,000 $313,812
    6-7% 51 $15,805,000 $309,902
    7-8% 22 $6,610,000 $300,455
    2.5-3% 13 $4,545,000 $349,615
    <2.5% 1 $285,000 $285,000

    During 2022, Starboard Financial Management's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 5-6%, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 255 $74,995,000 $294,098 $8,161 4.97%
    $400k-600k 98 $47,050,000 $480,102 $9,433 4.87%
    $100k-200k 63 $9,535,000 $151,349 $4,802 4.83%
    $600k-1MM 16 $10,830,000 $676,875 $10,728 4.55%
    $100,000 or less 11 $865,000 $78,636 $3,445 4.50%
    $1MM+ 1 $1,175,000 $1,175,000 $19,359 2.63%

    2022 saw Starboard Financial Management place emphasis on $200k-400k loans with 255 originations, totaling $74,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $43,170,000 $392,455 $9,190 4.98%
    $50k-75k 109 $28,025,000 $257,110 $6,985 4.75%
    $75k-100k 96 $29,390,000 $306,146 $8,304 5.09%
    $150k-250k 58 $25,060,000 $432,069 $8,485 5.03%
    $50k or less 55 $10,815,000 $196,636 $6,896 4.59%
    $250k+ 15 $7,645,000 $509,667 $6,717 4.82%

    Starboard Financial Management lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $50k-75k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 70 $24,380,000 $348,286 $7,398 4.80%
    20-30% 47 $15,035,000 $319,894 $7,619 4.46%
    44% 28 $9,890,000 $353,214 $8,847 4.79%
    39% 25 $7,705,000 $308,200 $8,034 4.79%
    49% 23 $7,295,000 $317,174 $8,349 4.98%
    41% 22 $6,790,000 $308,636 $7,283 5.11%
    36% 21 $8,095,000 $385,476 $9,907 5.02%
    <20% 21 $5,255,000 $250,238 $5,888 4.86%
    43% 21 $7,065,000 $336,429 $8,021 5.01%
    38% 21 $6,605,000 $314,524 $7,255 5.18%
    45% 20 $6,080,000 $304,000 $8,068 5.49%
    47% 19 $5,465,000 $287,632 $8,684 4.74%
    42% 18 $5,970,000 $331,667 $8,057 5.03%
    37% 18 $6,400,000 $355,556 $9,129 5.23%
    40% 18 $5,690,000 $316,111 $6,782 5.01%
    50-60% 18 $6,090,000 $338,333 $12,075 4.73%
    46% 17 $5,085,000 $299,118 $8,042 4.91%
    48% 15 $5,035,000 $335,667 $6,862 4.92%
    >60% 1 $175,000 $175,000 $4,299 5.25%

    Starboard Financial Management lent most frequently to those with DTI ratios of 30-36%, with 70 originations. The next most common DTI ratio? 20-30%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 380 $124,490,000 $327,605 $7,986 4.88%
    Black 25 $7,895,000 $315,800 $8,414 4.92%
    Not provided 20 $6,340,000 $317,000 $7,996 4.80%
    Asian 10 $2,720,000 $272,000 $6,850 5.36%
    Native Hawaiian or Islander 5 $1,695,000 $339,000 $5,651 5.20%
    American Indian 4 $1,310,000 $327,500 $11,119 5.13%

    Approval Rates

    Total approvals of all applications
    97.01%

    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 origination
    54.05%

    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 444 $144,450,000 $325,338

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    444 $144,450,000 $325,338

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $4,830,000 $161,000 $3,769 4.46%
    40-60% 66 $18,210,000 $275,909 $4,757 4.54%
    60-80% 139 $50,945,000 $366,511 $8,922 4.79%
    80-100% 199 $69,305,000 $348,266 $9,443 5.18%
    Over 100% 1 $285,000 $285,000 $14,754 5.13%
    Under 20% 9 $875,000 $97,222 $3,846 4.35%