First Standard Financial Corp. Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 5493001K7B4W8IPMZ254

Tax ID: 20-5479066

2.8 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Standard Financial Corp. is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. First Standard Financial Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Los Angeles, Riverside, San Diego, Bakersfield, and Houston among others. First Standard Financial Corp. has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. First Standard Financial Corp. is typically a high fee lendor.


Originations

797

Origination Dollar Volume (All Markets)

$357,685,000

Relative Rate

First Standard Financial Corp.'s average 30 year fixed rate mortgage of loans were 3.05%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.1%.

Relative Fees

First Standard Financial Corp.'s average total fees for a 30 year fixed rate mortgage are $7,212.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 625 $296,145,000 $473,832 $6,701 2.92%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 96 $34,820,000 $362,708 $7,553 3.01%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 18 $7,460,000 $414,444 $4,755 2.90%
BAKERSFIELD, CA (FHA|USDA|VA) 17 $4,545,000 $267,353 $7,982 3.18%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,540,000 $295,000 $5,474 2.66%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $3,390,000 $423,750 $4,107 2.73%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $3,110,000 $518,333 $4,269 2.81%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $785,000 $261,667 $5,650 2.92%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $770,000 $385,000 $4,780 2.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $590,000 $295,000 $9,216 3.19%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $520,000 $260,000 $6,996 3.69%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $13,154 3.63%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $3,533 2.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $325,000 $325,000 $3,531 2.75%
YAKIMA, WA (FHA|USDA|VA) 1 $305,000 $305,000 $3,946 2.25%
VISALIA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $4,194 3.00%
STOCKTON, CA (FHA|USDA|VA) 1 $215,000 $215,000 $8,076 3.50%

First Standard Financial Corp.'s top markets include Los Angeles, Riverside, San Diego, Bakersfield, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 756 $339,470,000 $449,034 $6,212 2.93%
FHA 41 $18,215,000 $444,268 $16,043 3.03%

For the 2021 period, First Standard Financial Corp.'s most frequently originated loan type of loans were Conventional, with 756 originations. Their 2nd most popular type is FHA, with 41 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 354 $147,080,000 $415,480 $5,049 2.79%
Home Purchase 246 $126,810,000 $515,488 $8,659 3.02%
Cash Out Refi 197 $83,795,000 $425,355 $7,291 3.08%

For the 2021, First Standard Financial Corp.'s most frequently cited loan purpose of loans were Refi, with 354 originations. The 2nd most popular reason of loans were Home Purchase, with 246 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 657 $308,525,000 $469,597 $7,212 3.05%
15 Year 103 $36,235,000 $351,796 $4,476 2.34%
20 Year 27 $10,175,000 $376,852 $4,445 2.69%
10 Year 10 $2,750,000 $275,000 $3,455 2.15%

For the 2021, First Standard Financial Corp.'s most frequently cited loan length of loans were 30 Year, with 657 originations. The 2nd most popular length of loans were 15 Year, with 103 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 436 $204,590,000 $469,243
$5k+ 197 $88,975,000 $451,650
$1k-2k 90 $37,070,000 $411,889
$3k-4k 73 $26,245,000 $359,521
$<1k 1 $805,000 $805,000

$7,212 of loans were First Standard Financial Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 436 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 413 $188,765,000 $457,058
3-4% 268 $125,550,000 $468,470
<2.5% 111 $41,295,000 $372,027
4-5% 5 $2,075,000 $415,000

During 2021, First Standard Financial Corp.'s average interest rate of loans were 3.05%, while their most frequently originated rate bucket of loans were 2.5-3%, with 413 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 317 $155,955,000 $491,972 $6,942 2.93%
$200k-400k 303 $93,215,000 $307,640 $6,133 2.90%
$600k-1MM 140 $100,530,000 $718,071 $7,889 3.04%
$100k-200k 35 $5,875,000 $167,857 $5,130 2.84%
$1MM+ 2 $2,110,000 $1,055,000 $5,651 3.38%

2021 saw First Standard Financial Corp. place emphasis on $400k-600k loans with 317 originations, totaling $155,955,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 785 $350,295,000 $446,236 $6,691 2.94%
$75k-100k 6 $3,550,000 $591,667 $8,373 2.60%
$50k-75k 5 $3,215,000 $643,000 $9,401 2.93%
$150k-250k 1 $625,000 $625,000 $3,838 2.50%

First Standard Financial Corp. lent most frequently to those with incomes in the $50k or less range, with 785 originations. The second most popular income band? $75k-100k, with 6 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 123 $54,055,000 $439,472 $5,717 2.83%
30-36% 122 $55,870,000 $457,951 $6,264 2.92%
49% 48 $20,730,000 $431,875 $7,494 2.96%
44% 47 $21,015,000 $447,128 $6,764 2.97%
48% 41 $17,165,000 $418,659 $7,819 2.94%
<20% 39 $17,555,000 $450,128 $6,039 2.78%
41% 37 $17,285,000 $467,162 $6,465 2.95%
47% 36 $15,240,000 $423,333 $5,972 3.07%
43% 35 $14,715,000 $420,429 $7,643 3.10%
38% 34 $15,860,000 $466,471 $6,393 2.97%
37% 32 $16,360,000 $511,250 $7,230 3.01%
45% 31 $13,095,000 $422,419 $5,944 2.88%
46% 29 $13,325,000 $459,483 $6,962 2.83%
39% 29 $14,125,000 $487,069 $6,537 2.98%
36% 28 $12,160,000 $434,286 $5,635 2.91%
42% 27 $12,065,000 $446,852 $7,016 2.88%
50-60% 26 $12,180,000 $468,462 $13,238 2.98%
40% 24 $10,840,000 $451,667 $6,831 3.08%
>60% 9 $4,045,000 $449,444 $5,698 3.25%

First Standard Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 122 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 555 $261,095,000 $470,441 $5,505 2.87%
White 217 $85,425,000 $393,664 $9,372 3.09%
Not provided 20 $8,540,000 $427,000 $10,124 2.97%
Black 4 $2,150,000 $537,500 $14,709 2.97%
American Indian 1 $475,000 $475,000 $3,629 3.00%

Approval Rates

Total approvals of all applications
100.00%

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 origination
99.95%

First Standard Financial Corp. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 797 $357,685,000 $448,789

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
797 $357,685,000 $448,789

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 113 $35,195,000 $311,460 $4,600 2.72%
40-60% 273 $120,025,000 $439,652 $5,749 2.86%
60-80% 311 $153,015,000 $492,010 $7,105 3.04%
80-100% 97 $48,785,000 $502,938 $10,741 3.05%
Under 20% 3 $665,000 $221,667 $4,369 2.96%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST FINANCIAL BANCORP Conventional home mortgage Trouble during payment process 1 25.0%
FIRST FINANCIAL BANCORP Conventional home mortgage Struggling to pay mortgage 1 25.0%
FIRST FINANCIAL BANCORP Other type of mortgage Trouble during payment process 1 25.0%
FIRST FINANCIAL BANCORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 25.0%