Bank Star Mortgage Rates, Fees & Info
Pacific, MOLEI: 549300RUQL0X1TB8PM88
Tax ID: 43-1038014
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Mortgage Data
Review & Overview
Bank Star is a smaller bank specializing in Home Purchase and Refi loans. Bank Star has a high proportion of conventional loans. Their top (well, only) market is St. Louis.Bank Star has an above 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
30Origination Dollar Volume (All Markets)
$5,880,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 30 | $5,880,000 | $196,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $5,880,000 | $196,000 | $0 | 0.00% |
For 2024, Bank Star's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 18 | $3,780,000 | $210,000 | $0 | 0.00% |
| Refi | 12 | $2,100,000 | $175,000 | $0 | 0.00% |
For 2024, Bank Star's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $5,880,000 | $196,000 | $0 | 0.00% |
For 2024, Bank Star's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2024 saw Bank Star place emphasis on $200k-400k loans with 11 originations, totaling $3,075,000 in origination value.
Applicant Income
Bank Star lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $5,880,000 | $196,000 | $0 | 0.00% |
Bank Star lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19 | $3,065,000 | $161,316 | $0 | 0.00% |
| Not applicable | 11 | $2,815,000 | $255,909 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.14%
Bank Star has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.67%
Bank Star has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 30 | $5,880,000 | $196,000 |