Lone Star Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300V315P16H3FSD37

Tax ID: 75-1253045

5 stars - Updated: 4/5/25 - out of 5 stars, based on 9 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lone Star is a smaller mortgage company specializing in Other and Refi loans. Lone Star has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sulphur Springs, Athens, Houston, and Austin among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lone Star has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lone Star is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.90% 4/5/25
    30 Year Conventional Refi 8.18% 4/5/25
    30 Year Cash-out Refi 6.81% 4/5/25
    15 Year Conventional Purchase 6.00% 4/5/25
    15 Year Conventional Refi 7.13% 4/5/25
    15 Year Cash-out Refi 7.13% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Lone Star Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Lone Star. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    87

    Origination Dollar Volume (All Markets)

    $12,305,000

    Awards

    LONE STAR 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Lone Star's average 30 year fixed mortgage rate was 7.12%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.57%.

    Relative Fees (Closing Costs)

    Lone Star's average total fees/closing costs for a 30 year fixed rate mortgage were $4,735.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 74 $10,000,000 $135,135 $1,411 7.46%
    Outside of Metro Areas 5 $845,000 $169,000 $2,865 6.80%
    Sulphur Springs, TX (FHA|USDA|VA) 3 $515,000 $171,667 $5,740 6.73%
    Athens, TX (FHA|USDA|VA) 2 $400,000 $200,000 $3,278 6.69%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $300,000 $150,000 $270 7.31%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,062 6.63%
    Lone Star's top markets include Dallas, Sulphur Springs, Athens, Houston, and Austin among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against LONE STAR based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GSB MORTGAGE, INC.
    Similarity Rank: 133
    DATCU
    Similarity Rank: 468
    AAXY L.L.C.
    Similarity Rank: 800
    FORT WORTH CITY CREDIT UNION
    Similarity Rank: 916
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 988
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 994
    Inwood National Bank
    Similarity Rank: 1035
    TEXAS TRUST
    Similarity Rank: 1152
    North Dallas Bank & Trust Co.
    Similarity Rank: 1603
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 1700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $12,305,000 $141,437 $1,758 7.37%

    For 2024, Lone Star's most frequently originated type of loan was Conventional, with 87 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 28 $2,760,000 $98,571 $215 7.63%
    Refi 21 $2,715,000 $129,286 $751 7.61%
    Home Improvement 19 $2,185,000 $115,000 $241 7.58%
    Home Purchase 10 $2,350,000 $235,000 $7,144 6.36%
    Cash Out Refi 9 $2,295,000 $255,000 $7,348 6.68%

    For 2024, Lone Star's most frequently cited loan purpose was Other, with 28 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 26 $3,350,000 $128,846 $186 7.75%
    30 Year 26 $6,040,000 $232,308 $4,735 7.12%
    10 Year 21 $1,305,000 $62,143 $135 7.13%
    15 Year 12 $1,260,000 $105,000 $1,391 7.45%
    30+ year 1 $275,000 $275,000 $11,427 6.70%
    Other 1 $75,000 $75,000 $0 8.75%

    For 2024, Lone Star's most frequently cited loan duration was 20 Year, with 26 originations. The 2nd most popular length was 30 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 68 $7,950,000 $116,912
    $2k-3k 6 $940,000 $156,667
    $3k-4k 6 $1,310,000 $218,333
    $4k-5k 4 $1,290,000 $322,500
    $5k+ 1 $485,000 $485,000

    Lone Star's average total fees were $4,735, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 43 $5,515,000 $128,256
    6-7% 26 $4,210,000 $161,923
    Over 8% 12 $1,390,000 $115,833
    5-6% 6 $1,190,000 $198,333

    During 2024, Lone Star's average interest rate for loans was 7.12%, while their most frequently originated rate bucket for loans was 7-8%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,520,000 $63,000 $185 7.57%
    $100k-200k 29 $4,375,000 $150,862 $2,242 7.25%
    $200k-400k 16 $4,360,000 $272,500 $4,025 7.16%
    $400k-600k 2 $1,050,000 $525,000 $8,552 6.88%

    2024 saw Lone Star place emphasis on $100,000 or less loans with 40 originations, totaling $2,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $2,130,000 $106,500 $1,269 7.43%
    $150k-250k 19 $2,955,000 $155,526 $1,682 7.44%
    $75k-100k 17 $3,255,000 $191,471 $2,981 7.32%
    $50k-75k 16 $1,400,000 $87,500 $923 7.25%
    $250k+ 7 $1,825,000 $260,714 $2,405 7.29%
    $50k or less 7 $645,000 $92,143 $2,035 7.41%

    Lone Star lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 21 $3,215,000 $153,095 $2,988 7.40%
    20-30% 20 $2,790,000 $139,500 $985 7.54%
    <20% 8 $780,000 $97,500 $1,172 7.50%
    43% 7 $555,000 $79,286 $91 7.68%
    39% 6 $900,000 $150,000 $1,417 7.33%
    36% 4 $330,000 $82,500 $1,381 6.75%
    47% 4 $480,000 $120,000 $0 7.56%
    42% 3 $495,000 $165,000 $2,582 7.36%
    44% 3 $555,000 $185,000 $4,075 6.50%
    48% 2 $530,000 $265,000 $3,695 6.94%
    40% 2 $470,000 $235,000 $538 8.00%
    41% 2 $190,000 $95,000 $270 6.94%
    46% 2 $480,000 $240,000 $4,441 7.06%
    37% 1 $235,000 $235,000 $270 7.55%
    38% 1 $195,000 $195,000 $6,092 6.00%
    45% 1 $105,000 $105,000 $0 7.00%

    Lone Star lent most frequently to those with DTI ratios of 30-36%, with 21 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $9,055,000 $135,149 $1,193 7.40%
    Not provided 9 $1,825,000 $202,778 $7,205 6.86%
    Black 10 $1,370,000 $137,000 $1,911 7.60%
    American Indian 1 $55,000 $55,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    71.05%

    Lone Star has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.76%

    Lone Star has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 87 $12,305,000 $141,437

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    87 $12,305,000 $141,437

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,790,000 $107,308 $209 7.69%
    40-60% 9 $1,315,000 $146,111 $2,346 7.24%
    60-80% 19 $4,185,000 $220,263 $3,586 7.32%
    80-100% 10 $2,740,000 $274,000 $5,895 6.79%
    Under 20% 23 $1,275,000 $55,435 $84 7.36%