Oakstar Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300ZX4OGRPOOEH505

Tax ID: 20-3405719

5 stars - Updated: 12/9/24 - out of 5 stars, based on 31 reviews

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

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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.

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
Home Equity Line of Credit (HELOC) 6.27% 12/9/24
30 Year Conventional Purchase 6.29% 12/9/24
30 Year Conventional Refi 4.32% 12/9/24
30 Year Cash-out Refi 6.86% 12/9/24
30 Year FHA Purchase 7.53% 12/9/24
30 Year FHA Refi 6.80% 12/9/24
30 Year VA Purchase 6.29% 12/9/24
30 Year VA Refi 6.04% 12/9/24
30 Year USDA Purchase 6.95% 12/9/24
15 Year Conventional Purchase 6.35% 12/9/24
15 Year Conventional Refi 6.53% 12/9/24
15 Year Cash-out Refi 6.53% 12/9/24
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

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

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

959

Origination Dollar Volume (All Markets)

$238,955,000
Show all (6) awards

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%
Oakstar Bank's top markets include Springfield, Kansas City, Grand Junction, Joplin, and Fayetteville among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    BLUCURRENT
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    Southwest Missouri Bank
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    MAINSTREET FEDERAL CREDIT UNION
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    IDB Global Federal Credit Union
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    HNB National Bank
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    Member Options, LLC
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    Central National Bank
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    The Bank of Missouri
    Similarity Rank: 684
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 688

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 631 $182,245,000 $288,819 $2,989 6.85%
    HELOC 290 $47,270,000 $163,000 n/a 8.32%
    FHA 18 $3,780,000 $210,000 $6,726 6.44%
    VA 16 $5,080,000 $317,500 $6,143 6.72%
    USDA 4 $580,000 $145,000 $3,997 6.78%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 570 $170,720,000 $299,509 $3,426 7.01%
    Home Improvement 145 $20,415,000 $140,793 $1,665 8.27%
    Refi 129 $32,775,000 $254,070 $2,715 6.75%
    Other 96 $11,870,000 $123,646 $1,624 8.18%
    Cash Out Refi 19 $3,175,000 $167,105 $3,297 7.24%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 455 $128,665,000 $282,780 $3,418 6.41%
    10 Year 201 $32,105,000 $159,726 $1,840 8.25%
    Other 103 $27,325,000 $265,291 $1,597 8.16%
    3 Year 63 $16,375,000 $259,921 $0 8.25%
    20 Year 56 $9,380,000 $167,500 $1,935 7.68%
    5 Year 32 $15,300,000 $478,125 $0 7.57%
    1 Year 28 $5,950,000 $212,500 $1,665 8.48%
    15 Year 21 $3,855,000 $183,571 $3,081 6.73%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 390 $99,100,000 $254,103
    $1k-2k 46 $12,010,000 $261,087
    $2k-3k 25 $7,105,000 $284,200
    $5k+ 21 $10,615,000 $505,476
    $3k-4k 16 $5,130,000 $320,625
    $4k-5k 5 $1,815,000 $363,000

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 309 $58,285,000 $188,625
    7-8% 296 $70,540,000 $238,311
    6-7% 274 $77,370,000 $282,372
    <2.5% 41 $12,945,000 $315,732
    5-6% 35 $10,775,000 $307,857
    4-5% 4 $9,040,000 $2,260,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 303 $43,355,000 $143,086 $2,662 7.39%
    $200k-400k 283 $79,335,000 $280,336 $3,295 6.70%
    $100,000 or less 240 $14,270,000 $59,458 $1,692 8.02%
    $400k-600k 78 $37,690,000 $483,205 $5,152 6.92%
    $600k-1MM 39 $29,415,000 $754,231 $5,588 6.81%
    $1MM+ 16 $34,890,000 $2,180,625 $3,892 7.45%

    2023 saw Oakstar Bank place emphasis on $100k-200k loans with 303 originations, totaling $43,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 183 $40,985,000 $223,962 $3,366 7.58%
    $50k-75k 152 $22,970,000 $151,118 $3,025 7.29%
    $150k-250k 150 $41,450,000 $276,333 $4,662 7.65%
    $75k-100k 131 $21,495,000 $164,084 $2,845 7.44%
    $250k+ 104 $42,840,000 $411,923 $4,638 7.57%
    $50k or less 79 $8,055,000 $101,962 $2,346 7.34%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 208 $43,660,000 $209,904 $3,128 6.95%
    30-36% 151 $30,015,000 $198,775 $2,609 7.10%
    <20% 85 $15,165,000 $178,412 $2,832 7.21%
    42% 61 $20,385,000 $334,180 $2,683 7.75%
    39% 39 $8,775,000 $225,000 $3,466 7.05%
    40% 38 $10,160,000 $267,368 $3,926 7.22%
    38% 33 $5,825,000 $176,515 $2,454 7.59%
    41% 32 $7,300,000 $228,125 $2,684 7.51%
    36% 29 $4,515,000 $155,690 $2,440 7.63%
    37% 28 $6,790,000 $242,500 $4,066 7.18%
    43% 28 $7,640,000 $272,857 $3,181 6.84%
    >60% 24 $2,960,000 $123,333 $0 8.24%
    49% 24 $7,230,000 $301,250 $4,040 7.06%
    47% 16 $5,670,000 $354,375 $4,534 6.97%
    45% 16 $4,980,000 $311,250 $4,779 6.84%
    46% 13 $4,055,000 $311,923 $2,857 7.33%
    50-60% 13 $2,925,000 $225,000 $6,653 7.41%
    44% 11 $2,655,000 $241,364 $3,576 6.95%
    48% 10 $2,750,000 $275,000 $5,548 7.41%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 777 $173,305,000 $223,044 $3,284 7.24%
    Not applicable 113 $48,205,000 $426,593 $2,170 7.92%
    Black 31 $6,355,000 $205,000 $2,238 6.25%
    Not provided 21 $5,915,000 $281,667 $3,571 7.42%
    Asian 8 $2,950,000 $368,750 $3,142 7.12%
    Other Asian 2 $710,000 $355,000 $1,111 7.66%
    Other Pacific Islander 2 $540,000 $270,000 $6,292 6.94%
    Asian Indian 1 $355,000 $355,000 $1,954 0.86%
    American Indian 2 $330,000 $165,000 $4,237 6.37%
    Native Hawaiian or Islander 2 $290,000 $145,000 $2,532 6.69%

    Approval Rates

    Total approvals of all applications
    94.42%

    Oakstar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.40%

    Oakstar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 959 $238,955,000 $249,171

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    959 $238,955,000 $249,171

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 152 $22,210,000 $146,118 $2,420 7.94%
    40-60% 131 $35,645,000 $272,099 $2,674 7.41%
    60-80% 231 $69,955,000 $302,835 $3,410 7.21%
    80-100% 297 $93,115,000 $313,519 $3,389 6.48%
    Over 100% 4 $1,140,000 $285,000 $16,712 7.06%
    Under 20% 144 $16,890,000 $117,292 $1,502 8.26%