Lone Star Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300V315P16H3FSD37

Tax ID: 75-1253045

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Home Purchase loans. Lone Star has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Bonham, and Athens among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lone Star has a below 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 an average 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 about average 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 6.50% 12/16/24
    30 Year Conventional Refi 6.62% 12/16/24
    30 Year Cash-out Refi 6.71% 12/16/24
    15 Year Conventional Purchase 5.69% 12/16/24
    15 Year Conventional Refi 6.29% 12/16/24
    15 Year Cash-out Refi 6.29% 12/16/24
    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

    48

    Origination Dollar Volume (All Markets)

    $5,440,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 39 $4,325,000 $110,897 $2,269 5.21%
    Outside of Metro Areas 7 $625,000 $89,286 $2,307 5.02%
    Bonham, TX (FHA|USDA|VA) 1 $395,000 $395,000 $8,142 4.88%
    Athens, TX (FHA|USDA|VA) 1 $95,000 $95,000 $4,217 4.63%
    Lone Star's top markets include Dallas, Bonham, and Athens 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.

    NEIGHBORHOOD
    Similarity Rank: 200
    TEXANS
    Similarity Rank: 416
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 780
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 870
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 897
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 992
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    DATCU
    Similarity Rank: 1440
    ESB Mortgage Company
    Similarity Rank: 1488
    TEXAS TRUST
    Similarity Rank: 1809

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $5,440,000 $113,333 $2,437 5.16%

    For 2018, Lone Star's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 16 $920,000 $57,500 $1,171 5.28%
    Refi 13 $1,765,000 $135,769 $1,952 5.37%
    Home Purchase 12 $1,870,000 $155,833 $4,738 4.81%
    Home Improvement 6 $700,000 $116,667 $1,771 5.13%
    Cash Out Refi 1 $185,000 $185,000 $5,412 5.13%

    For 2018, Lone Star's most frequently cited loan purpose was Other, with 16 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 12 $1,280,000 $106,667 $2,210 5.19%
    30 Year 12 $2,050,000 $170,833 $4,835 4.85%
    10 Year 10 $610,000 $61,000 $1,177 5.13%
    20 Year 9 $1,345,000 $149,444 $1,821 5.53%
    5 Year 3 $75,000 $25,000 $884 5.28%
    Other 2 $80,000 $40,000 $822 5.20%

    For 2018, Lone Star's most frequently cited loan duration was 15 Year, with 12 originations. The 2nd most popular length was 30 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 24 $1,550,000 $64,583
    $1k-2k 13 $1,645,000 $126,538
    $2k-3k 6 $780,000 $130,000
    $3k-4k 4 $1,070,000 $267,500
    $5k+ 1 $395,000 $395,000

    Lone Star's average total fees were $4,835, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 24 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 26 $3,000,000 $115,385
    4-5% 20 $2,230,000 $111,500
    6-7% 2 $210,000 $105,000

    During 2018, Lone Star's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 5-6%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,660,000 $59,286 $1,622 5.11%
    $100k-200k 14 $2,060,000 $147,143 $2,812 5.30%
    $200k-400k 6 $1,720,000 $286,667 $5,369 5.10%

    2018 saw Lone Star place emphasis on $100,000 or less loans with 28 originations, totaling $1,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $1,590,000 $132,500 $2,535 5.17%
    $50k-75k 12 $1,050,000 $87,500 $2,168 5.06%
    $50k or less 9 $695,000 $77,222 $1,982 5.23%
    $75k-100k 8 $1,010,000 $126,250 $3,334 5.17%
    $150k-250k 6 $1,020,000 $170,000 $2,438 5.27%
    $250k+ 1 $75,000 $75,000 $1,424 5.00%

    Lone Star lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $1,395,000 $93,000 $2,285 5.25%
    <20% 8 $420,000 $52,500 $1,371 4.91%
    30-36% 5 $675,000 $135,000 $3,010 5.12%
    36% 3 $345,000 $115,000 $1,767 5.18%
    43% 3 $415,000 $138,333 $4,006 5.50%
    41% 2 $430,000 $215,000 $1,532 5.25%
    37% 2 $240,000 $120,000 $1,835 5.38%
    38% 2 $240,000 $120,000 $1,784 5.25%
    39% 2 $220,000 $110,000 $3,210 5.26%
    42% 2 $260,000 $130,000 $1,658 4.81%
    45% 1 $395,000 $395,000 $8,142 4.88%
    46% 1 $125,000 $125,000 $1,839 5.73%
    47% 1 $75,000 $75,000 $3,388 4.88%
    49% 1 $205,000 $205,000 $5,976 4.88%

    Lone Star lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $4,710,000 $117,750 $2,431 5.14%
    Black 6 $480,000 $80,000 $1,750 5.51%
    Not provided 2 $250,000 $125,000 $4,632 4.69%

    Approval Rates

    Total approvals of all applications
    64.89%

    Lone Star has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    75.00%

    Lone Star has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $5,440,000 $113,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 48 $5,440,000 $113,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $635,000 $70,556 $1,276 5.15%
    40-60% 6 $410,000 $68,333 $1,245 5.43%
    60-80% 13 $2,075,000 $159,615 $3,351 5.05%
    80-100% 14 $2,070,000 $147,857 $3,442 5.14%
    Under 20% 6 $250,000 $41,667 $1,050 5.21%

    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%