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. Their top markets by origination volume include: Mcallen, Brownsville, San Antonio, Rio Grande City, and Austin among others. We have data for 12 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% | 5/4/24 |
| 30 Year Conventional Purchase | 6.80% | 5/4/24 |
| 30 Year Conventional Refi | 5.78% | 5/4/24 |
| 30 Year Cash-out Refi | 7.39% | 5/4/24 |
| 30 Year FHA Purchase | 6.27% | 5/4/24 |
| 30 Year FHA Refi | 6.27% | 5/4/24 |
| 30 Year VA Purchase | 6.27% | 5/4/24 |
| 30 Year VA Refi | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 5.80% | 5/4/24 |
| 15 Year Conventional Refi | 6.39% | 5/4/24 |
| 15 Year Cash-out Refi | 6.39% | 5/4/24 |
| 15 Year FHA Refi | 5.68% | 5/4/24 |
| 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
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This is not an official calculator from Lone Star National Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
253Origination Dollar Volume (All Markets)
$104,315,000Top 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) | 131 | $52,495,000 | $400,725 | $7,330 | 5.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 70 | $28,070,000 | $401,000 | $8,512 | 5.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 21 | $15,525,000 | $739,286 | $28,747 | 5.15% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 16 | $3,690,000 | $230,625 | $7,314 | 5.55% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $2,015,000 | $671,667 | $0 | 5.54% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $8,108 | 6.05% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $9,755 | 6.08% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 6.25% |
| Outside of Metro Areas | 1 | $165,000 | $165,000 | $0 | 6.50% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,291 | 5.00% |
| Alice, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 237 | $86,615,000 | $365,464 | $8,269 | 5.42% |
| HELOC | 16 | $17,700,000 | $1,106,250 | n/a | 6.06% |
For 2022, Lone Star National Bank's most frequently originated type of loan was Conventional, with 237 originations. Their 2nd most popular type was HELOC, with 16 originations.
Loan Reason
For 2022, Lone Star National Bank's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
For 2022, Lone Star National Bank's most frequently cited loan duration was 5 Year, with 127 originations. The 2nd most popular length was 30 Year, with 41 originations.
Origination Fees/Closing Costs
Lone Star National Bank's average total fees were $6,275, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 23 originations.
Interest Rates
During 2022, Lone Star National Bank's average interest rate for loans was 5.40%, while their most frequently originated rate bucket for loans was 4-5%, with 73 originations.
Loan Sizing
2022 saw Lone Star National Bank place emphasis on $200k-400k loans with 78 originations, totaling $22,410,000 in origination value.
Applicant Income
Lone Star National Bank lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $250k+, with 30 originations.
Applicant Debt to Income Ratio
Lone Star National Bank lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 27 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.59%
Lone Star National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination67.19%
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 | 253 | $104,315,000 | $412,312 |