First Standard Financial Corp. Mortgage Rates, Fees & Info
Los Angeles, CALEI: 5493001K7B4W8IPMZ254
Tax ID: 20-5479066
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Mortgage Data
Review & Overview
First Standard Financial Corp. is a smaller mortgage company specializing in Home Purchase loans. First Standard Financial Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Houston, and Bakersfield among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First Standard Financial Corp. has an above average approval rate when compared to the average across all lenders. First Standard Financial Corp. is typically a high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 12/16/24 |
| 30 Year Conventional Refi | 6.46% | 12/16/24 |
| 30 Year Cash-out Refi | 7.04% | 12/16/24 |
| 30 Year FHA Purchase | 7.36% | 12/16/24 |
| 15 Year Conventional Purchase | 5.89% | 12/16/24 |
| 15 Year Conventional Refi | 6.30% | 12/16/24 |
| 15 Year Cash-out Refi | 6.30% | 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. | ||
First Standard Financial Corp. Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from First Standard Financial Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
130Origination Dollar Volume (All Markets)
$65,810,000Relative Rate
First Standard Financial Corp.'s average 30 year fixed mortgage rate was
6.99%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.51%.
Relative Fees (Closing Costs)
First Standard Financial Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $10,329.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 89 | $46,855,000 | $526,461 | $10,076 | 6.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $10,355,000 | $493,095 | $13,702 | 7.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,335,000 | $467,000 | $7,677 | 6.43% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,300,000 | $383,333 | $6,196 | 7.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $14,545 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $10,948 | 6.69% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,104 | 7.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,654 | 6.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,221 | 6.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,459 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Standard Financial Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 72
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $61,850,000 | $506,967 | $9,677 | 7.02% |
| FHA | 8 | $3,960,000 | $495,000 | $21,187 | 6.42% |
For 2023, First Standard Financial Corp.'s most frequently originated type of loan was Conventional, with 122 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2023, First Standard Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 115 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2023, First Standard Financial Corp.'s most frequently cited loan duration was 30 Year, with 128 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
First Standard Financial Corp.'s average total fees were $10,329, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 72 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 61 | $29,705,000 | $486,967 |
| 7-8% | 32 | $14,860,000 | $464,375 |
| 5-6% | 18 | $9,650,000 | $536,111 |
| Over 8% | 18 | $11,020,000 | $612,222 |
| 4-5% | 1 | $575,000 | $575,000 |
During 2023, First Standard Financial Corp.'s average interest rate for loans was 6.99%, while their most frequently originated rate bucket for loans was 6-7%, with 61 originations.
Loan Sizing
2023 saw First Standard Financial Corp. place emphasis on $400k-600k loans with 59 originations, totaling $28,905,000 in origination value.
Applicant Income
First Standard Financial Corp. lent most frequently to those with incomes in the $150k-250k range, with 44 originations. The second most popular income band? $100k-150k, with 39 originations.
Applicant Debt to Income Ratio
First Standard Financial Corp. lent most frequently to those with DTI ratios of 49%, with 13 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
First Standard Financial Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 130 | $65,810,000 | $506,231 |