Bank Of Star City Mortgage Rates, Fees & Info
STAR CITY, ARLEI: 549300RPCSICP6848N30
Tax ID: 71-0010140
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Mortgage Data
Review & Overview
Bank Of Star City is a smaller bank specializing in Home Purchase loans. Bank Of Star City has a high proportion of conventional loans. Their top two markets are Little Rock and Pine Bluff .Bank Of Star City has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
48Origination Dollar Volume (All Markets)
$4,820,000Top 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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 6 | $2,080,000 | $346,667 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 37 | $2,045,000 | $55,270 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $695,000 | $139,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $4,820,000 | $100,417 | $0 | 0.00% |
For 2023, Bank Of Star City's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 37 | $4,285,000 | $115,811 | $0 | 0.00% |
| Refi | 6 | $270,000 | $45,000 | $0 | 0.00% |
| Home Improvement | 5 | $265,000 | $53,000 | $0 | 0.00% |
For 2023, Bank Of Star City's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $4,820,000 | $100,417 | $0 | 0.00% |
For 2023, Bank Of Star City's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2023 saw Bank Of Star City place emphasis on $100,000 or less loans with 35 originations, totaling $1,485,000 in origination value.
Applicant Income
Bank Of Star City lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $4,820,000 | $100,417 | $0 | 0.00% |
Bank Of Star City lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.23%
Bank Of Star City has an average approval rate.
Pick Rate
Approvals leading to origination79.17%
Bank Of Star City has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $4,820,000 | $100,417 |