Allstar Financial Services Inc Mortgage Rates, Fees & Info
WOODLAND HILLS, CALEI: 549300QCU0HQWLDE4416
Tax ID: 95-4409624
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Mortgage Data
Review & Overview
Allstar Financial Services Inc is a smaller mortgage company specializing in Refi and 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, Santa Maria, Oxnard, and Riverside among others. We have data for 12 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. They typically have relatively high rates.
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Originations
95Origination Dollar Volume (All Markets)
$63,845,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 59 | $42,145,000 | $714,322 | $47,984 | 8.49% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 15 | $11,005,000 | $733,667 | $0 | 8.61% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $3,380,000 | $563,333 | $0 | 8.41% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,195,000 | $731,667 | $0 | 8.32% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $0 | 8.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $0 | 9.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 8.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 9.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.95% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $63,845,000 | $672,053 | $47,984 | 8.56% |
For 2019, Allstar Financial Services Inc's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2019, Allstar Financial Services Inc's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 37 originations.
Loan Duration/Length
For 2019, Allstar Financial Services Inc's most frequently cited loan duration was 5 Year, with 48 originations. The 2nd most popular length was 3 Year, with 27 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $205,000 | $205,000 |
Allstar Financial Services Inc's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 74 | $48,660,000 | $657,568 |
| 7-8% | 21 | $15,185,000 | $723,095 |
During 2019, Allstar Financial Services Inc's average interest rate for loans was 8.85%, while their most frequently originated rate bucket for loans was Over 8%, with 74 originations.
Loan Sizing
2019 saw Allstar Financial Services Inc place emphasis on $200k-400k loans with 26 originations, totaling $7,910,000 in origination value.
Applicant Income
Allstar Financial Services Inc lent most frequently to those with incomes in the $250k+ range, with 47 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 94 | $62,790,000 | $667,979 | $35,943 | 8.56% |
Allstar Financial Services Inc lent most frequently to those with DTI ratios of <20%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination98.95%
Allstar Financial Services Inc has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 42839.5 | 1 | $1,365,000 | $1,365,000 |
| 5000.0 | 1 | $205,000 | $205,000 |
| NA | 93 | $62,275,000 | $669,624 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $2,685,000 | $537,000 |
| Single Family (1-4 Units):Site-Built | 90 | $61,160,000 | $679,556 |