Allstar Financial Services Inc Mortgage Rates, Fees & Info

WOODLAND HILLS, CA

LEI: 549300QCU0HQWLDE4416

Tax ID: 95-4409624

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

    Allstar Financial Services Inc is a smaller mortgage company specializing in Home Purchase loans. Allstar Financial Services Inc has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, San Francisco, Riverside, and Santa Maria among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Allstar Financial Services Inc has an above average approval rate when compared to the average across all lenders. They have an above 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

    80

    Origination Dollar Volume (All Markets)

    $52,680,000

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 46 $32,100,000 $697,826 $24,231 8.46%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $8,635,000 $664,231 $0 8.55%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $4,280,000 $713,333 $26,500 8.73%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $3,015,000 $430,714 $5,777 8.28%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $2,075,000 $2,075,000 $0 8.50%
    VALLEJO, CA (FHA|USDA|VA) 1 $865,000 $865,000 $0 8.95%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $465,000 $465,000 $0 8.85%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 7.99%
    CHICO, CA (FHA|USDA|VA) 3 $365,000 $121,667 $0 8.48%
    Allstar Financial Services Inc's top markets include Los Angeles, San Diego, San Francisco, Riverside, and Santa Maria among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $52,680,000 $658,500 $15,571 8.49%

    For 2018, Allstar Financial Services Inc's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $31,830,000 $723,409 $3,694 8.43%
    Cash Out Refi 17 $9,125,000 $536,765 $24,231 8.41%
    Refi 15 $8,405,000 $560,333 $17,180 8.69%
    Home Improvement 4 $3,320,000 $830,000 $0 8.65%

    For 2018, Allstar Financial Services Inc's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 26 $20,810,000 $800,385 $0 8.47%
    5 Year 25 $11,145,000 $445,800 $17,180 8.61%
    Other 24 $18,690,000 $778,750 $24,231 8.40%
    1 Year 3 $1,745,000 $581,667 $3,694 8.00%
    10 Year 1 $165,000 $165,000 $0 7.99%
    15 Year 1 $125,000 $125,000 $0 9.85%

    For 2018, Allstar Financial Services Inc's most frequently cited loan duration was 3 Year, with 26 originations. The 2nd most popular length was 5 Year, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 61 $41,815,000 $685,492
    7-8% 18 $10,080,000 $560,000
    6-7% 1 $785,000 $785,000

    During 2018, Allstar Financial Services Inc's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 23 $11,555,000 $502,391 $24,231 8.49%
    $1MM+ 18 $26,310,000 $1,461,667 $26,500 8.51%
    $200k-400k 18 $5,640,000 $313,333 $7,860 8.49%
    $600k-1MM 11 $7,785,000 $707,727 $3,694 8.42%
    $100k-200k 9 $1,295,000 $143,889 $0 8.52%
    $100,000 or less 1 $95,000 $95,000 $0 8.50%

    2018 saw Allstar Financial Services Inc place emphasis on $400k-600k loans with 23 originations, totaling $11,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 49 $40,855,000 $833,776 $12,685 8.44%
    $150k-250k 14 $5,350,000 $382,143 $24,231 8.39%
    $100k-150k 8 $2,690,000 $336,250 $0 8.90%
    $50k-75k 4 $1,520,000 $380,000 $0 8.66%
    $75k-100k 4 $1,740,000 $435,000 $0 8.45%

    Allstar Financial Services Inc lent most frequently to those with incomes in the $250k+ range, with 49 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 36 $23,170,000 $643,611 $17,180 8.47%
    20-30% 9 $4,935,000 $548,333 $0 8.36%
    50-60% 7 $4,025,000 $575,000 $0 8.54%
    >60% 4 $4,550,000 $1,137,500 $0 8.61%
    45% 2 $1,070,000 $535,000 $0 8.45%
    46% 2 $1,890,000 $945,000 $0 8.75%
    47% 2 $790,000 $395,000 $0 8.23%
    30-36% 2 $510,000 $255,000 $0 9.23%
    40% 1 $405,000 $405,000 $0 8.75%
    37% 1 $515,000 $515,000 $24,231 7.95%

    Allstar Financial Services Inc lent most frequently to those with DTI ratios of <20%, with 36 originations. The next most common DTI ratio? 20-30%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $44,225,000 $660,075 $19,530 8.45%
    Asian 4 $3,480,000 $870,000 $3,694 8.47%
    Not applicable 1 $1,805,000 $1,805,000 $0 8.75%
    Not provided 4 $1,620,000 $405,000 $0 8.75%
    Black 4 $1,550,000 $387,500 $0 8.76%

    Approval Rates

    Total approvals of all applications
    100.00%

    Allstar Financial Services Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.00%

    Allstar Financial Services Inc has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    17300.0 1 $865,000 $865,000
    NA 79 $51,815,000 $655,886

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $8,750,000 $875,000
    Single Family (1-4 Units):Site-Built 70 $43,930,000 $627,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,955,000 $279,286 $16,046 8.27%
    40-60% 17 $7,925,000 $466,176 $0 8.69%
    60-80% 47 $37,515,000 $798,191 $26,500 8.46%
    80-100% 2 $2,250,000 $1,125,000 $3,694 7.75%
    Under 20% 4 $2,270,000 $567,500 $0 8.64%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ALL WESTERN MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%