Lone Star National Bank Mortgage Rates, Fees & Info
Pharr, TXLEI: 549300IRQPG1Q6VZ8Y58
Tax ID: 74-2237409
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.80% | 11/17/24 |
| 30 Year Conventional Refi | 5.78% | 11/17/24 |
| 30 Year Cash-out Refi | 7.39% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.80% | 11/17/24 |
| 15 Year Conventional Refi | 6.39% | 11/17/24 |
| 15 Year Cash-out Refi | 6.39% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 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
217Origination Dollar Volume (All Markets)
$85,395,000Relative 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% |
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.
Similarity Rank: 8
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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
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
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
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
2023 saw Lone Star National Bank place emphasis on $200k-400k loans with 85 originations, totaling $24,455,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications76.16%
Lone Star National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination46.54%
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 |