Lone Star State Bank Mortgage Rates, Fees & Info
LUBBOCK, TXLEI: 549300TX687EP8MPL372
Tax ID: 26-1484129
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Mortgage Data
Review & Overview
Lone Star State Bank is a smaller bank specializing in Home Purchase loans. Lone Star State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Edwards, Odessa, Midland, Lubbock, and Dallas among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Lone Star State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
81Origination Dollar Volume (All Markets)
$13,215,000Top 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 |
|---|---|---|---|---|---|
| Edwards, CO (FHA|USDA|VA) | 1 | $2,945,000 | $2,945,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 22 | $2,580,000 | $117,273 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 13 | $2,305,000 | $177,308 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 23 | $2,005,000 | $87,174 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,360,000 | $170,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Big Spring, TX (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Levelland, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $13,215,000 | $163,148 | $0 | 0.00% |
For 2018, Lone Star State Bank's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 65 | $11,765,000 | $181,000 | $0 | 0.00% |
| Home Improvement | 8 | $540,000 | $67,500 | $0 | 0.00% |
| Refi | 8 | $910,000 | $113,750 | $0 | 0.00% |
For 2018, Lone Star State Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $13,215,000 | $163,148 | $0 | 0.00% |
For 2018, Lone Star State Bank's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2018 saw Lone Star State Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,580,000 in origination value.
Applicant Income
Lone Star State Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $13,215,000 | $163,148 | $0 | 0.00% |
Lone Star State Bank lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 57 | $10,375,000 | $182,018 | $0 | 0.00% |
| White | 24 | $2,840,000 | $118,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Lone Star State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.53%
Lone Star State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $13,215,000 | $163,148 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $355,000 | $355,000 |
| Single Family (1-4 Units):Site-Built | 80 | $12,860,000 | $160,750 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LoanStar Home Lending | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |