Oakstar Bank Mortgage Rates, Fees & Info
Springfield, MOLEI: 549300ZX4OGRPOOEH505
Tax ID: 20-3405719
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Mortgage Data
Review & Overview
Oakstar Bank is a smaller bank specializing in Home Purchase loans. Oakstar Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, Kansas City, Grand Junction, Joplin, and Fayetteville among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Oakstar 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. Oakstar Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.29% | 12/16/24 |
| 30 Year Conventional Refi | 4.32% | 12/16/24 |
| 30 Year Cash-out Refi | 6.86% | 12/16/24 |
| 30 Year FHA Purchase | 7.53% | 12/16/24 |
| 30 Year FHA Refi | 6.80% | 12/16/24 |
| 30 Year VA Purchase | 6.29% | 12/16/24 |
| 30 Year VA Refi | 6.04% | 12/16/24 |
| 30 Year USDA Purchase | 6.95% | 12/16/24 |
| 15 Year Conventional Purchase | 6.35% | 12/16/24 |
| 15 Year Conventional Refi | 6.53% | 12/16/24 |
| 15 Year Cash-out Refi | 6.53% | 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. | ||
Oakstar Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Oakstar 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
959Origination Dollar Volume (All Markets)
$238,955,000Awards
Oakstar Bank - 2023
Oakstar Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Oakstar Bank's average 30 year fixed mortgage rate was
6.41%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Oakstar Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,418.
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 $9,089.
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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 361 | $86,955,000 | $240,873 | $3,593 | 7.07% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 159 | $62,425,000 | $392,610 | $2,754 | 7.04% |
| Outside of Metro Areas | 202 | $35,610,000 | $176,287 | $2,539 | 7.47% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 106 | $18,940,000 | $178,679 | $4,616 | 8.21% |
| JOPLIN, MO (FHA|USDA|VA) | 37 | $5,765,000 | $155,811 | $2,832 | 6.87% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $3,640,000 | $910,000 | $3,681 | 7.84% |
| Ottawa, KS (FHA|USDA|VA) | 25 | $3,185,000 | $127,400 | $2,648 | 7.40% |
| Glenwood Springs, CO (FHA|USDA|VA) | 6 | $2,830,000 | $471,667 | $0 | 8.38% |
| WICHITA, KS (FHA|USDA|VA) | 16 | $2,790,000 | $174,375 | $3,885 | 6.65% |
| Branson, MO (FHA|USDA|VA) | 7 | $2,715,000 | $387,857 | $7,248 | 6.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $2,100,000 | $1,050,000 | $2,956 | 6.68% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $3,342 | 6.54% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 8.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $3,985 | 7.81% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $5,085 | 7.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $7,088 | 7.75% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,983 | 6.63% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $9,657 | 6.99% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,633 | 7.75% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $9,400 | 5.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 7.50% |
| Pittsburg, KS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,713 | 8.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,242 | 7.13% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,671 | 6.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,127 | 7.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,363 | 6.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,314 | 5.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,444 | 7.50% |
| West Plains, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,306 | 7.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,152 | 8.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.50% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,957 | 6.38% |
| Montrose, CO (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 8.58% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,953 | 6.13% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.75% |
| Marshall, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,662 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Oakstar Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Oakstar Bank's most frequently originated type of loan was Conventional, with 631 originations. Their 2nd most popular type was HELOC, with 290 originations.
Loan Reason
For 2023, Oakstar Bank's most frequently cited loan purpose was Home Purchase, with 570 originations. The 2nd most popular reason was Home Improvement, with 145 originations.
Loan Duration/Length
For 2023, Oakstar Bank's most frequently cited loan duration was 30 Year, with 455 originations. The 2nd most popular length was 10 Year, with 201 originations.
Origination Fees/Closing Costs
Oakstar Bank's average total fees were $3,418, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 390 originations.
Interest Rates
During 2023, Oakstar Bank's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was Over 8%, with 309 originations.
Loan Sizing
2023 saw Oakstar Bank place emphasis on $100k-200k loans with 303 originations, totaling $43,355,000 in origination value.
Applicant Income
Oakstar Bank lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $50k-75k, with 152 originations.
Applicant Debt to Income Ratio
Oakstar Bank lent most frequently to those with DTI ratios of 20-30%, with 208 originations. The next most common DTI ratio? 30-36%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.42%
Oakstar Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.40%
Oakstar Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 959 | $238,955,000 | $249,171 |