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
  • 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 Other loans. Lone Star has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Bonham, College Station, Vernon, and Tyler among others. We have data for 10 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 an 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 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% 11/17/24
    30 Year Conventional Refi 6.62% 11/17/24
    30 Year Cash-out Refi 6.71% 11/17/24
    15 Year Conventional Purchase 5.69% 11/17/24
    15 Year Conventional Refi 6.29% 11/17/24
    15 Year Cash-out Refi 6.29% 11/17/24
    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

    89

    Origination Dollar Volume (All Markets)

    $11,165,000

    Awards

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

    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) 68 $8,130,000 $119,559 $1,926 4.39%
    Outside of Metro Areas 13 $1,735,000 $133,462 $2,913 3.97%
    Bonham, TX (FHA|USDA|VA) 1 $515,000 $515,000 $784 5.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $6,831 2.38%
    Vernon, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,206 2.75%
    TYLER, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,004 2.88%
    ABILENE, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,454 2.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $65,000 $65,000 $634 4.75%
    Paris, TX (FHA|USDA|VA) 1 $55,000 $55,000 $634 4.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $45,000 $45,000 $734 4.50%
    Lone Star's top markets include Dallas, Bonham, College Station, Vernon, and Tyler 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.

    AAXY L.L.C.
    Similarity Rank: 540
    U S WIDE FINANCIAL LLC
    Similarity Rank: 924
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1200
    Credence Funding Corporation
    Similarity Rank: 1313
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1408
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    TEXANS
    Similarity Rank: 2057
    FC LENDING, LTD.
    Similarity Rank: 2172
    Pioneer Bank, SSB
    Similarity Rank: 2200
    DATCU
    Similarity Rank: 2220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $11,165,000 $125,449 $2,170 4.26%

    For 2021, Lone Star's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 28 $3,890,000 $138,929 $1,859 4.29%
    Other 23 $2,445,000 $106,304 $641 4.81%
    Home Improvement 19 $1,475,000 $77,632 $852 4.83%
    Home Purchase 12 $1,970,000 $164,167 $5,481 2.97%
    Cash Out Refi 7 $1,385,000 $197,857 $6,342 3.04%

    For 2021, Lone Star's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Other, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 29 $5,095,000 $175,690 $3,214 4.09%
    10 Year 26 $1,540,000 $59,231 $655 4.67%
    20 Year 18 $2,320,000 $128,889 $2,414 4.39%
    15 Year 14 $1,950,000 $139,286 $2,727 3.57%
    5 Year 1 $25,000 $25,000 $634 5.50%
    Other 1 $235,000 $235,000 $634 5.00%

    For 2021, Lone Star's most frequently cited loan duration was 30 Year, with 29 originations. The 2nd most popular length was 10 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 65 $6,825,000 $105,000
    $2k-3k 10 $1,180,000 $118,000
    $3k-4k 7 $1,665,000 $237,857
    $4k-5k 5 $1,325,000 $265,000
    $1k-2k 2 $170,000 $85,000

    Lone Star's average total fees were $3,214, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 65 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 44 $4,950,000 $112,500
    5-6% 15 $1,215,000 $81,000
    2.5-3% 14 $2,580,000 $184,286
    3-4% 7 $1,015,000 $145,000
    <2.5% 6 $1,000,000 $166,667
    6-7% 3 $405,000 $135,000

    During 2021, Lone Star's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 4-5%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,540,000 $60,476 $985 4.59%
    $100k-200k 32 $4,360,000 $136,250 $2,531 4.17%
    $200k-400k 14 $3,750,000 $267,857 $4,999 3.47%
    $400k-600k 1 $515,000 $515,000 $784 5.00%

    2021 saw Lone Star place emphasis on $100,000 or less loans with 42 originations, totaling $2,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $2,005,000 $87,174 $1,865 4.36%
    $50k-75k 21 $2,155,000 $102,619 $1,418 4.52%
    $100k-150k 20 $2,250,000 $112,500 $1,434 4.30%
    $75k-100k 13 $1,885,000 $145,000 $3,229 3.94%
    $150k-250k 9 $2,195,000 $243,889 $4,003 4.17%
    $250k+ 3 $675,000 $225,000 $4,600 3.13%

    Lone Star lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $2,820,000 $108,462 $1,830 4.40%
    30-36% 15 $1,675,000 $111,667 $2,336 4.04%
    <20% 9 $845,000 $93,889 $1,346 4.36%
    37% 7 $995,000 $142,143 $1,664 4.29%
    41% 5 $505,000 $101,000 $1,600 4.83%
    44% 4 $540,000 $135,000 $3,556 3.60%
    43% 4 $620,000 $155,000 $3,817 4.13%
    50-60% 3 $325,000 $108,333 $634 4.75%
    40% 3 $355,000 $118,333 $467 4.92%
    46% 3 $675,000 $225,000 $4,246 3.67%
    48% 2 $240,000 $120,000 $2,044 4.19%
    49% 2 $290,000 $145,000 $5,070 2.81%
    39% 2 $250,000 $125,000 $2,630 4.94%
    42% 1 $275,000 $275,000 $7,321 2.75%
    47% 1 $105,000 $105,000 $5,004 2.88%
    38% 1 $515,000 $515,000 $784 5.00%
    36% 1 $135,000 $135,000 $634 6.00%

    Lone Star lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $8,170,000 $123,788 $2,204 4.17%
    Black 14 $1,710,000 $122,143 $1,372 4.77%
    Not provided 8 $990,000 $123,750 $3,478 4.11%
    Asian 1 $295,000 $295,000 $634 4.50%

    Approval Rates

    Total approvals of all applications
    76.69%

    Lone Star has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    92.13%

    Lone Star has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 89 $11,165,000 $125,449

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    89 $11,165,000 $125,449

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,000,000 $62,500 $653 4.59%
    40-60% 22 $3,020,000 $137,273 $2,146 4.47%
    60-80% 27 $4,895,000 $181,296 $2,855 4.00%
    80-100% 11 $1,775,000 $161,364 $4,538 3.44%
    Under 20% 13 $475,000 $36,538 $653 4.75%