Bank Of Star City Mortgage Rates, Fees & Info

STAR CITY, AR

LEI: 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 and Refi loans. Bank Of Star City has a high proportion of conventional loans. Their top two markets are Pine Bluff and Little Rock .

Bank Of Star City 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.

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Originations

53

Origination Dollar Volume (All Markets)

$3,355,000

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
PINE BLUFF, AR (FHA|USDA|VA) 44 $2,530,000 $57,500 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $745,000 $106,429 $0 0.00%
Outside of Metro Areas 2 $80,000 $40,000 $0 0.00%
Bank Of Star City's top markets include Pine Bluff and Little Rock among others.

Their top states include:
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $3,355,000 $63,302 $0 0.00%

    For 2019, Bank Of Star City's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $2,080,000 $74,286 $0 0.00%
    Refi 17 $975,000 $57,353 $0 0.00%
    Home Improvement 5 $265,000 $53,000 $0 0.00%
    Other 2 $20,000 $10,000 $0 0.00%
    Cash Out Refi 1 $15,000 $15,000 $0 0.00%

    For 2019, Bank Of Star City's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $3,355,000 $63,302 $0 0.00%

    For 2019, Bank Of Star City's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $1,920,000 $43,636 $0 0.00%
    $100k-200k 8 $1,140,000 $142,500 $0 0.00%
    $200k-400k 1 $295,000 $295,000 $0 0.00%

    2019 saw Bank Of Star City place emphasis on $100,000 or less loans with 44 originations, totaling $1,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 13 $445,000 $34,231 $0 0.00%
    $75k-100k 8 $410,000 $51,250 $0 0.00%
    $100k-150k 6 $430,000 $71,667 $0 0.00%
    $50k-75k 5 $375,000 $75,000 $0 0.00%
    $150k-250k 4 $460,000 $115,000 $0 0.00%
    $250k+ 4 $260,000 $65,000 $0 0.00%

    Bank Of Star City lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $3,355,000 $63,302 $0 0.00%

    Bank Of Star City lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $1,260,000 $57,273 $0 0.00%
    Not applicable 13 $975,000 $75,000 $0 0.00%
    Not provided 11 $685,000 $62,273 $0 0.00%
    Black 7 $435,000 $62,143 $0 0.00%

    Approval Rates

    Total approvals of all applications
    64.21%

    Bank Of Star City has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    86.79%

    Bank Of Star City has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $3,355,000 $63,302

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $280,000 $140,000
    Single Family (1-4 Units):Manufactured 18 $710,000 $39,444
    Single Family (1-4 Units):Site-Built 33 $2,365,000 $71,667

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%