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 loans. Bank Star has a high proportion of conventional loans. Their top two markets are St. Louis and Kansas City .Bank Star has an above average approval rate when compared to the average across all lenders.
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Originations
54Origination Dollar Volume (All Markets)
$6,930,000Top 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) | 50 | $6,250,000 | $125,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $215,000 | $71,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $6,930,000 | $128,333 | $0 | 0.00% |
For 2018, Bank Star's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2018, Bank Star's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $6,930,000 | $128,333 | $0 | 0.00% |
For 2018, Bank Star's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2018 saw Bank Star place emphasis on $100,000 or less loans with 33 originations, totaling $1,875,000 in origination value.
Applicant Income
Bank Star lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $6,930,000 | $128,333 | $0 | 0.00% |
Bank Star lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $6,930,000 | $128,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $245,000 | $245,000 |
| Single Family (1-4 Units):Site-Built | 53 | $6,685,000 | $126,132 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OZK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 33.3% |
| BANK OZK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| BANK OZK | Other type of mortgage | Trouble during payment process | 1 | 33.3% |