Firstar Bank Mortgage Rates, Fees & Info

Sallisaw, OK

LEI: 549300VWURV8LBNGQ353

Tax ID: 73-0741121

5 stars - Updated: 3/3/24 - out of 5 stars, based on 33 reviews

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

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Mortgage Data

Review & Overview

Firstar Bank is a smaller bank specializing in Home Purchase and Refi loans. Firstar Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fort Smith, Tulsa, Muskogee, Fayetteville, and Tahlequah among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

Firstar Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Firstar Bank 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 6.65% 3/3/24
30 Year Conventional Refi 6.52% 3/3/24
30 Year FHA Purchase 7.23% 3/3/24
30 Year FHA Refi 7.00% 3/3/24
30 Year VA Purchase 6.20% 3/3/24
30 Year VA Refi 6.19% 3/3/24
30 Year USDA Purchase 6.57% 3/3/24
15 Year Conventional Purchase 6.90% 3/3/24
15 Year Conventional Refi 6.70% 3/3/24
15 Year Cash-out Refi 6.70% 3/3/24
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.

Firstar Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Firstar Bank. 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

1,094

Origination Dollar Volume (All Markets)

$226,140,000
Show all (15) awards

Relative Rate

Firstar Bank's average 30 year fixed mortgage rate was 4.77%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.01%.

Relative Fees (Closing Costs)

Firstar Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,342.

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 $4,750.

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
FORT SMITH, AR-OK (FHA|USDA|VA) 544 $108,370,000 $199,210 $4,511 5.16%
TULSA, OK (FHA|USDA|VA) 202 $52,220,000 $258,515 $5,627 4.99%
Outside of Metro Areas 169 $30,845,000 $182,515 $5,392 4.87%
Muskogee, OK (FHA|USDA|VA) 96 $15,380,000 $160,208 $5,201 5.31%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 24 $6,200,000 $258,333 $3,965 4.67%
Tahlequah, OK (FHA|USDA|VA) 24 $4,680,000 $195,000 $5,690 5.18%
OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $2,855,000 $317,222 $4,376 5.53%
Duncan, OK (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,127 5.08%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $525,000 $525,000 $0 4.75%
WICHITA, KS (FHA|USDA|VA) 2 $520,000 $260,000 $3,571 5.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $435,000 $435,000 $13,395 4.13%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $405,000 $405,000 $17,420 3.25%
Harrison, AR (FHA|USDA|VA) 1 $235,000 $235,000 $2,954 4.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $215,000 $215,000 $8,016 4.75%
Durant, OK (FHA|USDA|VA) 1 $195,000 $195,000 $5,780 4.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,847 4.88%
Russellville, AR (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.63%
Malvern, AR (FHA|USDA|VA) 2 $130,000 $65,000 $3,073 5.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.99%
Shawnee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.75%
McAlester, OK (FHA|USDA|VA) 1 $85,000 $85,000 $5,863 5.50%
JOPLIN, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.59%
Firstar Bank's top markets include Fort Smith, Tulsa, Muskogee, Fayetteville, and Tahlequah among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    First Oklahoma Mortgage, LLC
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    Tulsa Federal Credit Union
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    Truity Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 807 $170,615,000 $211,419 $4,174 5.24%
    FHA 173 $32,915,000 $190,260 $7,027 4.74%
    USDA 71 $11,095,000 $156,268 $4,989 4.50%
    VA 43 $11,515,000 $267,791 $5,434 4.64%

    For 2022, Firstar Bank's most frequently originated type of loan was Conventional, with 807 originations. Their 2nd most popular type was FHA, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 790 $159,900,000 $202,405 $5,005 5.08%
    Refi 261 $62,225,000 $238,410 $5,165 4.92%
    Home Improvement 29 $2,695,000 $92,931 $1,964 6.28%
    Other 11 $775,000 $70,455 $2,363 6.72%
    Cash Out Refi 3 $545,000 $181,667 $3,816 5.00%

    For 2022, Firstar Bank's most frequently cited loan purpose was Home Purchase, with 790 originations. The 2nd most popular reason was Refi, with 261 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 687 $153,545,000 $223,501 $5,342 4.77%
    Other 134 $25,070,000 $187,090 $2,970 5.66%
    20 Year 113 $19,725,000 $174,558 $2,738 5.63%
    15 Year 73 $10,315,000 $141,301 $3,696 5.18%
    1 Year 47 $7,215,000 $153,511 $3,598 6.06%
    10 Year 28 $2,120,000 $75,714 $997 5.62%
    5 Year 8 $7,760,000 $970,000 $1,165 6.07%
    3 Year 4 $390,000 $97,500 $1,450 6.50%

    For 2022, Firstar Bank's most frequently cited loan duration was 30 Year, with 687 originations. The 2nd most popular length was Other, with 134 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 440 $86,570,000 $196,750
    $1k-2k 154 $29,700,000 $192,857
    $2k-3k 87 $19,585,000 $225,115
    $3k-4k 59 $15,085,000 $255,678
    $5k+ 27 $12,045,000 $446,111
    $4k-5k 16 $4,810,000 $300,625

    Firstar Bank's average total fees were $5,342, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 440 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 340 $65,890,000 $193,794
    4-5% 311 $72,685,000 $233,714
    3-4% 170 $38,770,000 $228,059
    6-7% 141 $24,985,000 $177,199
    7-8% 55 $8,415,000 $153,000
    2.5-3% 53 $12,365,000 $233,302
    Over 8% 13 $835,000 $64,231
    <2.5% 11 $2,195,000 $199,545

    During 2022, Firstar Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 5-6%, with 340 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 425 $62,495,000 $147,047 $4,662 4.96%
    $200k-400k 344 $92,690,000 $269,448 $5,744 4.94%
    $100,000 or less 245 $16,425,000 $67,041 $2,987 5.64%
    $400k-600k 62 $29,990,000 $483,710 $6,074 4.73%
    $600k-1MM 10 $7,650,000 $765,000 $10,048 4.78%
    $1MM+ 8 $16,890,000 $2,111,250 $6,939 4.82%

    2022 saw Firstar Bank place emphasis on $100k-200k loans with 425 originations, totaling $62,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 235 $38,655,000 $164,489 $4,753 4.91%
    $75k-100k 185 $36,225,000 $195,811 $5,089 5.09%
    $50k or less 182 $21,090,000 $115,879 $4,187 4.99%
    $100k-150k 169 $42,185,000 $249,615 $5,516 4.83%
    $150k-250k 104 $30,280,000 $291,154 $5,360 5.09%
    $250k+ 34 $15,960,000 $469,412 $6,989 5.39%

    Firstar Bank lent most frequently to those with incomes in the $50k-75k range, with 235 originations. The second most popular income band? $75k-100k, with 185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 177 $36,165,000 $204,322 $4,739 4.88%
    20-30% 162 $34,220,000 $211,235 $4,788 4.86%
    <20% 80 $15,290,000 $191,125 $3,802 4.69%
    42% 41 $9,035,000 $220,366 $5,454 4.91%
    39% 40 $8,560,000 $214,000 $5,076 4.70%
    41% 37 $8,465,000 $228,784 $5,290 4.76%
    38% 33 $7,535,000 $228,333 $5,065 5.34%
    40% 33 $5,025,000 $152,273 $4,835 5.21%
    50-60% 32 $6,840,000 $213,750 $7,067 5.03%
    44% 30 $7,160,000 $238,667 $5,051 4.66%
    37% 29 $5,255,000 $181,207 $4,414 4.83%
    36% 26 $6,150,000 $236,538 $5,154 5.08%
    43% 23 $5,195,000 $225,870 $5,288 4.82%
    46% 19 $3,655,000 $192,368 $5,025 4.89%
    45% 19 $5,445,000 $286,579 $5,515 4.76%
    47% 15 $3,455,000 $230,333 $4,906 4.59%
    48% 13 $2,765,000 $212,692 $6,592 5.33%
    49% 8 $2,080,000 $260,000 $6,102 5.09%

    Firstar Bank lent most frequently to those with DTI ratios of 30-36%, with 177 originations. The next most common DTI ratio? 20-30%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 778 $157,460,000 $202,391 $4,871 4.98%
    Not applicable 173 $39,175,000 $226,445 $0 5.63%
    American Indian 75 $14,495,000 $193,267 $5,176 5.00%
    Black 30 $6,930,000 $231,000 $5,982 4.96%
    Not provided 24 $4,940,000 $205,833 $5,348 5.18%
    Asian 10 $2,010,000 $201,000 $4,943 5.07%
    Other Asian 3 $1,015,000 $338,333 $5,611 4.71%
    Native Hawaiian 1 $115,000 $115,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    97.76%

    Firstar 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
    80.71%

    Firstar Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,094 $226,140,000 $206,709

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,094 $226,140,000 $206,709

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $11,605,000 $283,049 $3,119 5.60%
    40-60% 98 $16,540,000 $168,776 $4,321 5.16%
    60-80% 327 $66,535,000 $203,471 $4,805 5.24%
    80-100% 578 $126,180,000 $218,304 $5,369 4.93%
    Over 100% 21 $3,715,000 $176,905 $5,894 4.33%
    Under 20% 29 $1,565,000 $53,966 $1,601 6.13%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%