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 and Refi 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 Columbia among others. We have data for 64 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 6.29% | 4/28/24 |
| 30 Year Conventional Refi | 4.32% | 4/28/24 |
| 30 Year Cash-out Refi | 6.86% | 4/28/24 |
| 30 Year FHA Purchase | 7.53% | 4/28/24 |
| 30 Year FHA Refi | 6.80% | 4/28/24 |
| 30 Year VA Purchase | 6.29% | 4/28/24 |
| 30 Year VA Refi | 6.04% | 4/28/24 |
| 30 Year USDA Purchase | 6.95% | 4/28/24 |
| 15 Year Conventional Purchase | 6.35% | 4/28/24 |
| 15 Year Conventional Refi | 6.53% | 4/28/24 |
| 15 Year Cash-out Refi | 6.53% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,374Origination Dollar Volume (All Markets)
$401,100,000Awards
Oakstar Bank - 2022
Oakstar Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 691 | $200,745,000 | $290,514 | $3,045 | 4.68% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 181 | $92,045,000 | $508,536 | $2,727 | 4.77% |
| Outside of Metro Areas | 280 | $49,710,000 | $177,536 | $2,451 | 4.84% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 62 | $11,590,000 | $186,935 | $0 | 5.27% |
| JOPLIN, MO (FHA|USDA|VA) | 41 | $7,945,000 | $193,780 | $3,383 | 4.99% |
| COLUMBIA, MO (FHA|USDA|VA) | 9 | $5,175,000 | $575,000 | $822 | 4.07% |
| Branson, MO (FHA|USDA|VA) | 14 | $4,150,000 | $296,429 | $2,676 | 3.85% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 6.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,265,000 | $2,265,000 | $0 | 4.50% |
| Ottawa, KS (FHA|USDA|VA) | 17 | $2,255,000 | $132,647 | $1,599 | 4.73% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $3,275 | 4.77% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $6,293 | 5.88% |
| Warrensburg, MO (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $6,203 | 4.66% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $3,313 | 6.42% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $3,287 | 3.57% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $2,467 | 3.13% |
| Lebanon, MO (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $1,973 | 4.77% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,724 | 5.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,155 | 5.99% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,185 | 4.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,228 | 3.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,972 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,147 | 4.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,690 | 3.25% |
| Palatka, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,046 | 2.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,343 | 5.19% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,038 | 5.13% |
| Moberly, MO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,588 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,553 | 3.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,591 | 6.50% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,225 | 5.32% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 5.10% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,907 | 2.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,913 | 3.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $11,965 | 7.54% |
| Durango, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.25% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,653 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,337 | 0.60% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,641 | 5.56% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,809 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,019 | 4.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,150 | 3.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,604 | 5.38% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,497 | 2.93% |
| Rolla, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,923 | 5.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,604 | 3.13% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,574 | 5.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,741 | 3.99% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,641 | 4.99% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,179 | 6.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.88% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,750 | 5.50% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.35% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,895 | 4.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,826 | 3.25% |
| Harrison, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.95% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.50% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,035 | 3.99% |
| Marshall, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.63% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,076 | 3.75% |
| West Plains, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,592 | 5.50% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,005 | 4.25% |
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 2022, Oakstar Bank's most frequently originated type of loan was Conventional, with 975 originations. Their 2nd most popular type was HELOC, with 334 originations.
Loan Reason
For 2022, Oakstar Bank's most frequently cited loan purpose was Home Purchase, with 790 originations. The 2nd most popular reason was Refi, with 253 originations.
Loan Duration/Length
For 2022, Oakstar Bank's most frequently cited loan duration was 30 Year, with 677 originations. The 2nd most popular length was 10 Year, with 231 originations.
Origination Fees/Closing Costs
Oakstar Bank's average total fees were $3,073, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 677 originations.
Interest Rates
During 2022, Oakstar Bank's average interest rate for loans was 4.37%, while their most frequently originated rate bucket for loans was 5-6%, with 441 originations.
Loan Sizing
2022 saw Oakstar Bank place emphasis on $200k-400k loans with 440 originations, totaling $122,600,000 in origination value.
Applicant Income
Oakstar Bank lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $50k-75k, with 200 originations.
Applicant Debt to Income Ratio
Oakstar Bank lent most frequently to those with DTI ratios of 20-30%, with 299 originations. The next most common DTI ratio? 30-36%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.89%
Oakstar 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 origination82.02%
Oakstar Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 111.0 | 1 | $15,000 | $15,000 |
| NA | 1,373 | $401,085,000 | $292,123 |