Lone Star National Bank Mortgage Rates, Fees & Info

Pharr, TX

LEI: 549300IRQPG1Q6VZ8Y58

Tax ID: 74-2237409

4.8 stars - Updated: 5/26/24 - out of 5 stars, based on 15 reviews

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

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Mortgage Data

Review & Overview

Lone Star National Bank is a smaller bank specializing in Home Purchase loans. Lone Star National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Mcallen, Brownsville, San Antonio, Los Angeles, and Rio Grande City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Lone Star National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lone Star National Bank 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 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.

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% 5/26/24
30 Year Conventional Purchase 6.80% 5/26/24
30 Year Conventional Refi 5.78% 5/26/24
30 Year Cash-out Refi 7.39% 5/26/24
30 Year FHA Purchase 6.27% 5/26/24
30 Year FHA Refi 6.27% 5/26/24
30 Year VA Purchase 6.27% 5/26/24
30 Year VA Refi 6.27% 5/26/24
15 Year Conventional Purchase 5.80% 5/26/24
15 Year Conventional Refi 6.39% 5/26/24
15 Year Cash-out Refi 6.39% 5/26/24
15 Year FHA Refi 5.68% 5/26/24
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.

Lone Star National Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Lone Star National Bank. 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

217

Origination Dollar Volume (All Markets)

$85,395,000

Relative Rate

Lone Star National Bank's average 30 year fixed mortgage rate was 6.97%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.49%.

Relative Fees (Closing Costs)

Lone Star National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,835.

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
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 140 $52,230,000 $373,071 $7,970 7.69%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 39 $14,455,000 $370,641 $8,434 7.61%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $9,120,000 $651,429 $13,766 7.98%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $2,535,000 $2,535,000 $0 7.25%
Rio Grande City-Roma, TX (FHA|USDA|VA) 10 $1,820,000 $182,000 $6,000 8.24%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,725,000 $575,000 $9,765 8.42%
LAREDO, TX (FHA|USDA|VA) 2 $870,000 $435,000 $15,330 8.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $690,000 $345,000 $10,797 7.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $670,000 $335,000 $0 8.25%
Fredericksburg, TX (FHA|USDA|VA) 1 $545,000 $545,000 $0 6.25%
Outside of Metro Areas 1 $375,000 $375,000 $8,268 6.13%
Eagle Pass, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,212 6.50%
Alice, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.00%
Lone Star National Bank's top markets include Mcallen, Brownsville, San Antonio, Los Angeles, and Rio Grande City among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Lone Star National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ASCENT HOME LENDING, LLC
    Similarity Rank: 440
    Lone Star National Bank
    Similarity Rank: 507
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    Texas Regional Bank
    Similarity Rank: 1368
    NAVY ARMY COMMUNITY CREDIT UNION
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    DIRECTIONS EQUITY, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 205 $82,285,000 $401,390 $8,179 7.79%
    FHA 10 $2,350,000 $235,000 $12,000 6.56%
    VA 2 $760,000 $380,000 $4,921 6.75%

    For 2023, Lone Star National Bank's most frequently originated type of loan was Conventional, with 205 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 173 $72,125,000 $416,908 $9,346 7.75%
    Cash Out Refi 26 $7,420,000 $285,385 $6,210 7.79%
    Refi 17 $5,745,000 $337,941 $5,011 7.30%
    Home Improvement 1 $105,000 $105,000 $0 7.00%

    For 2023, Lone Star National Bank's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 81 $30,725,000 $379,321 $0 8.58%
    30 Year 67 $16,675,000 $248,881 $7,835 6.97%
    Other 48 $26,510,000 $552,292 $9,484 7.41%
    10 Year 9 $5,995,000 $666,111 $0 7.78%
    15 Year 5 $1,515,000 $303,000 $8,968 6.27%
    3 Year 4 $2,380,000 $595,000 $0 8.94%
    30+ year 2 $1,310,000 $655,000 $7,039 6.75%
    20 Year 1 $285,000 $285,000 $7,042 7.00%

    For 2023, Lone Star National Bank's most frequently cited loan duration was 5 Year, with 81 originations. The 2nd most popular length was 30 Year, with 67 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 34 $19,070,000 $560,882
    $2k-3k 19 $2,705,000 $142,368
    $3k-4k 16 $3,460,000 $216,250
    $4k-5k 15 $4,105,000 $273,667
    $1k-2k 14 $2,070,000 $147,857
    $<1k 11 $3,915,000 $355,909

    Lone Star National Bank's average total fees were $7,835, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 78 $26,410,000 $338,590
    7-8% 66 $29,170,000 $441,970
    6-7% 60 $23,440,000 $390,667
    5-6% 13 $6,375,000 $490,385

    During 2023, Lone Star National Bank's average interest rate for loans was 6.97%, while their most frequently originated rate bucket for loans was Over 8%, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 85 $24,455,000 $287,706 $8,086 7.74%
    $100k-200k 50 $7,470,000 $149,400 $5,956 7.90%
    $100,000 or less 28 $2,060,000 $73,571 $5,187 8.01%
    $400k-600k 26 $12,420,000 $477,692 $10,193 7.16%
    $600k-1MM 16 $12,690,000 $793,125 $13,706 7.58%
    $1MM+ 12 $26,300,000 $2,191,667 $35,849 7.54%

    2023 saw Lone Star National Bank place emphasis on $200k-400k loans with 85 originations, totaling $24,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 39 $19,015,000 $487,564 $11,567 7.11%
    $150k-250k 27 $8,785,000 $325,370 $8,652 7.52%
    $50k-75k 23 $3,905,000 $169,783 $7,530 7.62%
    $100k-150k 22 $5,830,000 $265,000 $8,779 7.85%
    $75k-100k 22 $3,690,000 $167,727 $6,963 7.36%
    $50k or less 12 $1,420,000 $118,333 $5,256 7.45%

    Lone Star National Bank lent most frequently to those with incomes in the $250k+ range, with 39 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 19 $5,605,000 $295,000 $8,861 7.72%
    30-36% 18 $6,350,000 $352,778 $10,137 7.10%
    20-30% 17 $4,185,000 $246,176 $6,233 7.11%
    50-60% 12 $3,110,000 $259,167 $13,675 8.29%
    40% 9 $2,515,000 $279,444 $7,852 7.31%
    >60% 8 $1,280,000 $160,000 $6,391 7.88%
    43% 8 $2,580,000 $322,500 $8,209 7.53%
    47% 8 $4,940,000 $617,500 $14,463 7.51%
    49% 7 $1,295,000 $185,000 $5,778 7.25%
    48% 7 $2,465,000 $352,143 $7,397 6.82%
    44% 7 $1,975,000 $282,143 $8,226 7.46%
    39% 6 $1,750,000 $291,667 $7,819 7.21%
    41% 5 $995,000 $199,000 $7,071 7.40%
    36% 4 $1,530,000 $382,500 $9,744 6.65%
    37% 4 $710,000 $177,500 $7,033 7.16%
    42% 3 $625,000 $208,333 $8,119 7.58%
    46% 2 $270,000 $135,000 $5,470 8.13%
    45% 1 $235,000 $235,000 $0 9.50%

    Lone Star National Bank lent most frequently to those with DTI ratios of <20%, with 19 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $40,950,000 $288,380 $8,427 7.57%
    Not applicable 62 $39,900,000 $643,548 $0 8.26%
    Not provided 5 $1,635,000 $327,000 $9,306 6.82%
    American Indian 1 $1,025,000 $1,025,000 $19,216 6.75%
    Asian 2 $640,000 $320,000 $8,924 7.69%
    Asian Indian 1 $515,000 $515,000 $1,852 5.69%
    Black 3 $385,000 $128,333 $0 6.63%
    Native Hawaiian or Islander 1 $345,000 $345,000 $3,973 6.25%

    Approval Rates

    Total approvals of all applications
    76.16%

    Lone Star National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    46.54%

    Lone Star National Bank 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 217 $85,395,000 $393,525

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    217 $85,395,000 $393,525

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $4,390,000 $243,889 $5,899 8.13%
    40-60% 39 $11,035,000 $282,949 $5,797 7.84%
    60-80% 78 $39,510,000 $506,538 $10,745 8.08%
    80-100% 75 $28,085,000 $374,467 $9,086 7.25%
    Under 20% 5 $1,785,000 $357,000 $4,724 7.28%