Star Bank Mortgage Rates, Fees & Info

Maple Lake, MN

LEI: 549300MNZNDD5FZ2PF62

Tax ID: 41-0256570

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Star Bank is a smaller bank specializing in Home Purchase and Refi loans. Star Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Riverside, Fergus Falls, and Brainerd among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Star Bank 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.

    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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    Originations

    53

    Origination Dollar Volume (All Markets)

    $6,835,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $2,835,000 $166,765 $0 0.00%
    Outside of Metro Areas 31 $2,255,000 $72,742 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 0.00%
    Fergus Falls, MN (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    Star Bank's top markets include Minneapolis, Riverside, Fergus Falls, and Brainerd among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $6,835,000 $128,962 $0 0.00%

    For 2018, Star Bank's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $3,795,000 $140,556 $0 0.00%
    Refi 14 $2,450,000 $175,000 $0 0.00%
    Home Improvement 8 $410,000 $51,250 $0 0.00%
    Other 4 $180,000 $45,000 $0 0.00%

    For 2018, Star Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $6,835,000 $128,962 $0 0.00%

    For 2018, Star Bank's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,455,000 $41,571 $0 0.00%
    $100k-200k 10 $1,330,000 $133,000 $0 0.00%
    $200k-400k 4 $1,240,000 $310,000 $0 0.00%
    $400k-600k 3 $1,445,000 $481,667 $0 0.00%
    $1MM+ 1 $1,365,000 $1,365,000 $0 0.00%

    2018 saw Star Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $930,000 $51,667 $0 0.00%
    $50k-75k 11 $465,000 $42,273 $0 0.00%
    $75k-100k 10 $1,530,000 $153,000 $0 0.00%
    $100k-150k 5 $625,000 $125,000 $0 0.00%
    $150k-250k 4 $2,460,000 $615,000 $0 0.00%
    $250k+ 1 $65,000 $65,000 $0 0.00%

    Star Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $6,835,000 $128,962 $0 0.00%

    Star Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $4,660,000 $105,909 $0 0.00%
    Not provided 5 $1,285,000 $257,000 $0 0.00%
    Not applicable 3 $625,000 $208,333 $0 0.00%
    Asian 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.77%

    Star Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.68%

    Star Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $6,835,000 $128,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $170,000 $28,333
    Single Family (1-4 Units):Site-Built 47 $6,665,000 $141,809

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Strive Lending, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%