Lone Star State Bank Mortgage Rates, Fees & Info

LUBBOCK, TX

LEI: 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

81

Origination Dollar Volume (All Markets)

$13,215,000

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
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%
Lone Star State Bank's top markets include Edwards, Odessa, Midland, Lubbock, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,580,000 $64,500 $0 0.00%
    $100k-200k 30 $4,380,000 $146,000 $0 0.00%
    $200k-400k 8 $2,390,000 $298,750 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%
    $1MM+ 1 $2,945,000 $2,945,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $1,040,000 $130,000 $0 0.00%
    $250k+ 6 $980,000 $163,333 $0 0.00%
    $50k or less 4 $290,000 $72,500 $0 0.00%
    $100k-150k 2 $270,000 $135,000 $0 0.00%
    $50k-75k 2 $140,000 $70,000 $0 0.00%
    $75k-100k 2 $120,000 $60,000 $0 0.00%

    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 applications
    100.00%

    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 origination
    97.53%

    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%