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: San Antonio, Houston, Dallas, Oklahoma City, and Abilene among others. We have data for 19 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% | 11/21/24 |
| 30 Year FHA Purchase | 6.97% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year FHA Purchase | 7.18% | 11/21/24 |
| 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
45Origination Dollar Volume (All Markets)
$8,585,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 7 | $1,355,000 | $193,571 | $11,056 | 4.71% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $11,798 | 4.69% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $11,640 | 4.53% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $8,385 | 4.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $9,141 | 4.67% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $14,425 | 4.63% |
| TULSA, OK (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $8,195 | 4.83% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $9,297 | 4.63% |
| Pearsall, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $9,497 | 4.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $9,294 | 4.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,767 | 4.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,451 | 4.25% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,283 | 4.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,912 | 4.75% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,769 | 4.13% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,682 | 4.25% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,980 | 4.50% |
| Pecos, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,469 | 5.25% |
| TYLER, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,313 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 45 | $8,585,000 | $190,778 | $10,438 | 4.60% |
For 2019, American Homestar Mortgage's most frequently originated type of loan was FHA, with 45 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 44 | $8,410,000 | $191,136 | $10,497 | 4.61% |
| Refi | 1 | $175,000 | $175,000 | $7,903 | 4.25% |
For 2019, American Homestar Mortgage's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 45 | $8,585,000 | $190,778 | $10,438 | 4.60% |
For 2019, American Homestar Mortgage's most frequently cited loan duration was 30 Year, with 45 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 22 | $4,600,000 | $209,091 |
| $2k-3k | 13 | $1,985,000 | $152,692 |
| $1k-2k | 6 | $990,000 | $165,000 |
| $4k-5k | 3 | $755,000 | $251,667 |
American Homestar Mortgage's average total fees were $10,438, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 41 | $7,925,000 | $193,293 |
| 3-4% | 3 | $505,000 | $168,333 |
| 5-6% | 1 | $155,000 | $155,000 |
During 2019, American Homestar Mortgage's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.
Loan Sizing
2019 saw American Homestar Mortgage place emphasis on $100k-200k loans with 28 originations, totaling $4,640,000 in origination value.
Applicant Income
American Homestar Mortgage lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
American Homestar Mortgage lent most frequently to those with DTI ratios of 50-60%, with 16 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 | 44 | $8,370,000 | $190,227 | $10,454 | 4.60% |
| Black | 1 | $215,000 | $215,000 | $9,755 | 4.50% |
Approval Rates
Total approvals of all applications43.02%
American Homestar Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-208.89%
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 | 45 | $8,585,000 | $190,778 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 21 | $3,395,000 | $161,667 |
| Single Family (1-4 Units):Site-Built | 24 | $5,190,000 | $216,250 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 2 | $440,000 | $220,000 | $12,367 | 4.38% |
| 80-100% | 43 | $8,145,000 | $189,419 | $10,346 | 4.61% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN EQUITY MORTGAGE | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |