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, 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.
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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
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% |