American Homestar Mortgage Rates, Fees & Info
LEAGUE CITY, TXLEI: 549300QRLVIA94OVXY15
Tax ID: 20-4949947
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Mortgage Data
Review & Overview
American Homestar Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Houston, San Antonio, New Orleans, Oklahoma City, and San Angelo among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)American Homestar Mortgage has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Homestar Mortgage is typically a high 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 about average 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.10% | 5/4/24 |
| 30 Year FHA Purchase | 6.97% | 5/4/24 |
| 30 Year FHA Refi | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 5.68% | 5/4/24 |
| 15 Year FHA Purchase | 7.18% | 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. | ||
American Homestar Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
34Origination Dollar Volume (All Markets)
$6,170,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $9,318 | 4.60% |
| Outside of Metro Areas | 4 | $710,000 | $177,500 | $10,309 | 4.44% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $9,555 | 4.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $10,687 | 4.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $6,649 | 4.75% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $11,156 | 4.38% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $12,202 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $8,756 | 4.67% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $12,806 | 4.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,492 | 4.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,163 | 4.50% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,484 | 4.75% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,067 | 5.25% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,624 | 4.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 34 | $6,170,000 | $181,471 | $9,827 | 4.65% |
For 2018, American Homestar Mortgage's most frequently originated type of loan was FHA, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 34 | $6,170,000 | $181,471 | $9,827 | 4.65% |
For 2018, American Homestar Mortgage's most frequently cited loan purpose was Home Purchase, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 34 | $6,170,000 | $181,471 | $9,827 | 4.65% |
For 2018, American Homestar Mortgage's most frequently cited loan duration was 30 Year, with 34 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 20 | $4,060,000 | $203,000 |
| $2k-3k | 7 | $945,000 | $135,000 |
| $1k-2k | 6 | $1,030,000 | $171,667 |
| $<1k | 1 | $135,000 | $135,000 |
American Homestar Mortgage's average total fees were $9,827, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 32 | $5,810,000 | $181,563 |
| 5-6% | 2 | $360,000 | $180,000 |
During 2018, American Homestar Mortgage's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 32 originations.
Loan Sizing
2018 saw American Homestar Mortgage place emphasis on $100k-200k loans with 20 originations, totaling $3,220,000 in origination value.
Applicant Income
American Homestar Mortgage lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
American Homestar Mortgage lent most frequently to those with DTI ratios of 50-60%, with 11 originations. The next most common DTI ratio? 30-36%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 31 | $5,605,000 | $180,806 | $9,820 | 4.61% |
| Black | 3 | $565,000 | $188,333 | $9,904 | 5.08% |
Approval Rates
Total approvals of all applications44.17%
American Homestar Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-323.53%
American Homestar Mortgage 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 | 34 | $6,170,000 | $181,471 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 12 | $1,850,000 | $154,167 |
| Single Family (1-4 Units):Site-Built | 22 | $4,320,000 | $196,364 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 3 | $445,000 | $148,333 | $8,656 | 4.50% |
| 80-100% | 31 | $5,725,000 | $184,677 | $9,940 | 4.67% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 2 | 25.0% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| AMERICAN PACIFIC MORTGAGE | Other type of mortgage | Closing on a mortgage | 1 | 12.5% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 25.0% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Closing on a mortgage | 2 | 25.0% |