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. American Homestar Mortgage has a low ratio of conventional loans. Their top markets by origination volume include: Houston, San Antonio, Tulsa, Abilene, and Oklahoma City 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% | 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
41Origination Dollar Volume (All Markets)
$11,025,000Awards
AMERICAN HOMESTAR MORTGAGE - 2022
AMERICAN HOMESTAR MORTGAGE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Top 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 | 9 | $2,235,000 | $248,333 | $13,386 | 4.61% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $13,783 | 4.11% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $13,402 | 5.08% |
| TULSA, OK (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $11,591 | 5.19% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $14,317 | 4.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $10,275 | 4.58% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,689 | 5.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,004 | 6.25% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,809 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,451 | 5.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $17,613 | 5.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,829 | 4.50% |
| ENID, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,780 | 3.75% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,495 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 39 | $10,475,000 | $268,590 | $13,700 | 4.68% |
| Conventional | 2 | $550,000 | $275,000 | $6,932 | 4.88% |
For 2022, American Homestar Mortgage's most frequently originated type of loan was FHA, with 39 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $10,860,000 | $271,500 | $13,353 | 4.66% |
| Other | 1 | $165,000 | $165,000 | $0 | 5.75% |
For 2022, American Homestar Mortgage's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Other, with 1 originations.
Loan Duration/Length
For 2022, American Homestar Mortgage's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
American Homestar Mortgage's average total fees were $13,499, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 13 | $3,265,000 | $251,154 |
| 4-5% | 12 | $3,140,000 | $261,667 |
| 5-6% | 11 | $3,305,000 | $300,455 |
| 6-7% | 4 | $1,080,000 | $270,000 |
| 2.5-3% | 1 | $235,000 | $235,000 |
During 2022, American Homestar Mortgage's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 3-4%, with 13 originations.
Loan Sizing
2022 saw American Homestar Mortgage place emphasis on $200k-400k loans with 32 originations, totaling $9,020,000 in origination value.
Applicant Income
American Homestar Mortgage lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
American Homestar Mortgage lent most frequently to those with DTI ratios of 50-60%, with 7 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications48.38%
American Homestar Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-817.07%
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 | 41 | $11,025,000 | $268,902 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |