About HomeStar
HomeStar is a company based in Gainesville (United States) founded in 2002 by Wes Hunt was acquired by Ocmbc in September 2024.. HomeStar offers products and services including Conventional Loans, FHA Loans, USDA Loans, VA Loans, and Jumbo Loans. HomeStar operates in a competitive market with competitors including Freedom Mortgage, Wintrust, Motilal Oswal Financial Services, American Advisors Group and Lendmark Financial, among others.
- Headquarter Gainesville, United States
- Founders Wes Hunt
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Homestar Financial Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Midland States Bank
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of HomeStar
HomeStar offers a comprehensive portfolio of products and services, including Conventional Loans, FHA Loans, USDA Loans, VA Loans, and Jumbo Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides financing for home purchases with fixed or adjustable rates.
Assists borrowers with easier qualification for homeownership.
Offers loans for rural property purchases with low down payments.
Supports veterans with no down payment and limited closing costs.
Finances high-value properties beyond conventional limits.
Allows homeowners to convert equity into cash without monthly payments.
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Funding Insights of HomeStar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HomeStar
HomeStar has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Midland States Bank and OCMBC, Inc. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are provided to businesses and individuals.
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Founded Year | Domain | Location | |
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Mortgage lending services are provided by OCMBC, Inc.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HomeStar
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HomeStar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Homestar Comparisons
Competitors of HomeStar
HomeStar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freedom Mortgage, Wintrust, Motilal Oswal Financial Services, American Advisors Group and Lendmark Financial, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mortgage services are provided for home purchases and refinancing options.
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| domain | founded_year | HQ Location |
Bank offering diversified financial services
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| domain | founded_year | HQ Location |
Diversified investment and advisory services are provided to clients.
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| domain | founded_year | HQ Location |
Reverse mortgage loans provider
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| domain | founded_year | HQ Location |
Auto and personal loans are provided to customers nationwide.
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| domain | founded_year | HQ Location |
Home loans are provided to customers by Home Point Financial.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about HomeStar
When was HomeStar founded?
HomeStar was founded in 2002.
Where is HomeStar located?
HomeStar is headquartered in Gainesville, United States.
Who is the current CEO of HomeStar?
Wes Hunt is the current CEO of HomeStar. They have also founded this company.
What does HomeStar do?
HomeStar was founded in 2002 in Gainesville, United States, as a home loans provider within the financial services sector. Mortgage financing options are offered to support residential purchases and refinancing needs. Operations are conducted primarily in the domestic market, with services tailored to individual borrowers. The company is led by Wes Hunt in roles as Founder, President, and CEO, ensuring focused management of lending activities.
Who are the top competitors of HomeStar?
HomeStar's top competitors include Wintrust, Freedom Mortgage and Lendmark Financial.
What products or services does HomeStar offer?
HomeStar offers Conventional Loans, FHA Loans, USDA Loans, VA Loans, and 2 more products and services.
Who are HomeStar's investors?
HomeStar has 2 investors. Key investors include Midland States Bank, and OCMBC, Inc.