Brightstar Mortgage Rates, Fees & Info
Sunrise, FLLEI: 549300D7OB5W5CJHFO55
Tax ID: 59-0653174
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Brightstar is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Brightstar has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Naples, Jacksonville, and Port St. Lucie among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Brightstar 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. Brightstar is typically a low 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 6.97% | 4/18/24 |
| 30 Year Conventional Refi | 6.60% | 4/18/24 |
| 30 Year Cash-out Refi | 6.85% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.08% | 4/18/24 |
| 15 Year Conventional Refi | 6.18% | 4/18/24 |
| 15 Year Cash-out Refi | 6.18% | 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. | ||
Brightstar Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Brightstar. 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
198Origination Dollar Volume (All Markets)
$39,220,000Awards
BRIGHTSTAR - 2018
BRIGHTSTAR is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for BRIGHTSTAR?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 177 | $35,565,000 | $200,932 | $4,124 | 4.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,376 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,079 | 4.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,744 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,741 | 4.50% |
| OCALA, FL (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $3,099 | 4.79% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,871 | 5.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,925 | 5.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,292 | 4.75% |
| Palatka, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,575 | 4.81% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,156 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,419 | 4.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,886 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against BRIGHTSTAR based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 312
Similarity Rank: 392
Similarity Rank: 432
Similarity Rank: 836
Similarity Rank: 912
Similarity Rank: 948
Similarity Rank: 1014
Similarity Rank: 1275
Similarity Rank: 1938
Similarity Rank: 2275
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 191 | $37,705,000 | $197,408 | $4,091 | 4.91% |
| VA | 7 | $1,515,000 | $216,429 | $6,718 | 4.59% |
For 2018, Brightstar's most frequently originated type of loan was Conventional, with 191 originations. Their 2nd most popular type was VA, with 7 originations.
Loan Reason
For 2018, Brightstar's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.
Loan Duration/Length
For 2018, Brightstar's most frequently cited loan duration was 30 Year, with 146 originations. The 2nd most popular length was 15 Year, with 28 originations.
Origination Fees/Closing Costs
Brightstar's average total fees were $4,482, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 132 originations.
Interest Rates
During 2018, Brightstar's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 145 originations.
Loan Sizing
2018 saw Brightstar place emphasis on $200k-400k loans with 76 originations, totaling $20,880,000 in origination value.
Applicant Income
Brightstar lent most frequently to those with incomes in the $50k-75k range, with 49 originations. The second most popular income band? $100k-150k, with 44 originations.
Applicant Debt to Income Ratio
Brightstar lent most frequently to those with DTI ratios of 30-36%, with 45 originations. The next most common DTI ratio? 20-30%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.31%
Brightstar has an average approval rate.
Pick Rate
Approvals leading to origination82.83%
Brightstar has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 198 | $39,220,000 | $198,081 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $290,000 | $145,000 |
| Single Family (1-4 Units):Site-Built | 196 | $38,930,000 | $198,622 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Brightfunders, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Brightfunders, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 16.7% |
| Brightfunders, LLC | FHA mortgage | Closing on a mortgage | 2 | 33.3% |
| Brightfunders, LLC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 33.3% |