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 loans. Lone Star has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Athens, College Station, and Tyler 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 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.

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    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

    80

    Origination Dollar Volume (All Markets)

    $10,910,000

    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) 60 $8,070,000 $134,500 $2,509 4.32%
    Outside of Metro Areas 16 $1,760,000 $110,000 $1,032 4.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $6,026 3.38%
    Athens, TX (FHA|USDA|VA) 1 $315,000 $315,000 $634 4.51%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,945 3.13%
    TYLER, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,811 2.50%
    Lone Star's top markets include Dallas, Houston, Athens, College Station, and Tyler among others.

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

    AAXY L.L.C.
    Similarity Rank: 522
    Beeline Loans, Inc.
    Similarity Rank: 989
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1292
    Credence Funding Corporation
    Similarity Rank: 1320
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1620
    TEXAS TRUST
    Similarity Rank: 1885
    DATCU
    Similarity Rank: 1900
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1932
    FC LENDING, LTD.
    Similarity Rank: 2112
    UNION SQUARE
    Similarity Rank: 2464

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $10,910,000 $136,375 $2,320 4.28%

    For 2020, Lone Star's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 34 $5,060,000 $148,824 $3,062 4.20%
    Home Improvement 23 $1,805,000 $78,478 $609 4.69%
    Other 14 $1,560,000 $111,429 $631 4.52%
    Cash Out Refi 5 $1,465,000 $293,000 $7,471 3.20%
    Home Purchase 4 $1,020,000 $255,000 $5,694 3.22%

    For 2020, Lone Star's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Improvement, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 23 $1,525,000 $66,304 $732 4.64%
    30 Year 20 $5,240,000 $262,000 $6,156 3.91%
    15 Year 16 $1,920,000 $120,000 $1,378 3.99%
    20 Year 12 $1,840,000 $153,333 $1,651 4.34%
    Other 7 $275,000 $39,286 $673 4.63%
    5 Year 2 $110,000 $55,000 $634 4.75%

    For 2020, Lone Star's most frequently cited loan duration was 10 Year, with 23 originations. The 2nd most popular length was 30 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 62 $6,230,000 $100,484
    $2k-3k 7 $1,005,000 $143,571
    $5k+ 4 $2,460,000 $615,000
    $3k-4k 2 $340,000 $170,000
    $4k-5k 2 $650,000 $325,000
    $1k-2k 1 $85,000 $85,000

    Lone Star's average total fees were $6,156, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 49 $4,575,000 $93,367
    3-4% 13 $3,725,000 $286,538
    2.5-3% 7 $1,725,000 $246,429
    5-6% 7 $475,000 $67,857
    <2.5% 2 $220,000 $110,000
    6-7% 2 $190,000 $95,000

    During 2020, Lone Star's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 4-5%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,210,000 $58,158 $716 4.66%
    $100k-200k 31 $4,105,000 $132,419 $2,093 4.08%
    $200k-400k 7 $2,005,000 $286,429 $3,355 3.79%
    $400k-600k 2 $880,000 $440,000 $8,541 3.31%
    $1MM+ 1 $1,085,000 $1,085,000 $39,875 3.25%
    $600k-1MM 1 $625,000 $625,000 $11,263 2.88%

    2020 saw Lone Star place emphasis on $100,000 or less loans with 38 originations, totaling $2,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,540,000 $77,000 $1,291 4.39%
    $100k-150k 15 $1,855,000 $123,667 $2,071 4.37%
    $50k or less 15 $1,195,000 $79,667 $1,251 4.50%
    $75k-100k 14 $2,130,000 $152,143 $1,951 3.95%
    $150k-250k 12 $2,540,000 $211,667 $2,813 4.26%
    $250k+ 3 $1,535,000 $511,667 $15,639 3.57%

    Lone Star lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $3,360,000 $105,000 $1,456 4.27%
    30-36% 14 $2,150,000 $153,571 $2,206 4.21%
    <20% 6 $580,000 $96,667 $1,351 4.28%
    36% 4 $680,000 $170,000 $3,240 4.88%
    37% 4 $310,000 $77,500 $598 4.47%
    38% 3 $425,000 $141,667 $1,578 4.03%
    39% 3 $355,000 $118,333 $634 4.42%
    43% 3 $425,000 $141,667 $2,953 4.75%
    49% 2 $510,000 $255,000 $3,290 3.82%
    41% 2 $250,000 $125,000 $4,990 3.44%
    42% 2 $1,230,000 $615,000 $20,254 3.82%
    44% 2 $140,000 $70,000 $634 5.35%
    45% 1 $65,000 $65,000 $634 4.88%
    47% 1 $105,000 $105,000 $634 3.65%
    40% 1 $325,000 $325,000 $6,904 3.13%

    Lone Star lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $7,910,000 $119,848 $1,695 4.29%
    Black 12 $1,870,000 $155,833 $2,706 4.28%
    Not provided 2 $1,130,000 $565,000 $20,004 4.13%

    Approval Rates

    Total approvals of all applications
    70.63%

    Lone Star has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.25%

    Lone Star has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 80 $10,910,000 $136,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 80 $10,910,000 $136,375

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,315,000 $69,211 $873 4.47%
    40-60% 18 $2,120,000 $117,778 $1,412 4.30%
    60-80% 20 $4,760,000 $238,000 $4,588 4.24%
    80-100% 11 $2,165,000 $196,818 $4,148 3.42%
    Under 20% 12 $550,000 $45,833 $586 4.83%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Lo Inc. DBA Reliance Mortgage Conventional home mortgage Closing on a mortgage 1 100.0%