American Homestar Mortgage Rates, Fees & Info
LEAGUE CITY, TXLEI: 549300QRLVIA94OVXY15
Tax ID: 20-4949947
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Abilene, Tulsa, and Dallas among others. We have data for 15 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from American Homestar Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
39Origination Dollar Volume (All Markets)
$8,335,000Top 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 | 8 | $1,790,000 | $223,750 | $10,209 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $9,555 | 2.92% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $10,918 | 3.30% |
| ABILENE, TX (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $11,639 | 3.00% |
| TULSA, OK (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $10,828 | 3.40% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,833 | 3.81% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,032 | 3.25% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,126 | 3.25% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,369 | 3.50% |
| Snyder, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,379 | 3.25% |
| Bonham, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,310 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,718 | 3.25% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,265 | 3.50% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,148 | 3.25% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,452 | 3.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 39 | $8,335,000 | $213,718 | $10,532 | 3.21% |
For 2021, American Homestar Mortgage's most frequently originated type of loan was FHA, with 39 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 39 | $8,335,000 | $213,718 | $10,532 | 3.21% |
For 2021, American Homestar Mortgage's most frequently cited loan purpose was Home Purchase, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 39 | $8,335,000 | $213,718 | $10,532 | 3.21% |
For 2021, American Homestar Mortgage's most frequently cited loan duration was 30 Year, with 39 originations.
Origination Fees/Closing Costs
American Homestar Mortgage's average total fees were $10,532, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 27 | $5,555,000 | $205,741 |
| 2.5-3% | 8 | $1,810,000 | $226,250 |
| <2.5% | 3 | $775,000 | $258,333 |
| 4-5% | 1 | $195,000 | $195,000 |
During 2021, American Homestar Mortgage's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 27 originations.
Loan Sizing
2021 saw American Homestar Mortgage place emphasis on $200k-400k loans with 25 originations, totaling $6,065,000 in origination value.
Applicant Income
American Homestar Mortgage lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
American Homestar Mortgage lent most frequently to those with DTI ratios of 50-60%, with 5 originations. The next most common DTI ratio? 45%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications42.76%
American Homestar Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-566.67%
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 | 39 | $8,335,000 | $213,718 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 3 | $585,000 | $195,000 | $11,391 | 3.17% |
| 80-100% | 36 | $7,750,000 | $215,278 | $10,461 | 3.22% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 21 | 75.0% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Incorrect information on your report | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | VA mortgage | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Trouble during payment process | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Closing on a mortgage | 1 | 3.6% |
| AMERICAN PACIFIC MORTGAGE | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.6% |