First Standard Financial Corp. Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 5493001K7B4W8IPMZ254

Tax ID: 20-5479066

1 stars

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

Review & Overview

First Standard Financial Corp. is a smaller mortgage company specializing in 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 by origination volume include: Los Angeles, Riverside, San Francisco, Houston, and New York among others. We have data for 14 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.76%	3/27/23
30 Year Conventional Refi	6.46%	3/27/23
30 Year Cash-out Refi	7.04%	3/27/23
30 Year FHA Purchase	7.36%	3/27/23
15 Year Conventional Purchase	5.89%	3/27/23
15 Year Conventional Refi	6.30%	3/27/23
15 Year Cash-out Refi	6.30%	3/27/23
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.

Originations

226

Origination Dollar Volume (All Markets)

$116,450,000

Relative Rate

First Standard Financial Corp.'s average 30 year fixed mortgage rate was 5.18%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.42%.

Relative Fees (Closing Costs)

First Standard Financial Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $10,369.

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 $4,750.

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)	143	$80,055,000	$559,825	$10,021	5.05%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	48	$19,790,000	$412,292	$12,032	5.33%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	2	$2,580,000	$1,290,000	$22,423	7.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	4	$2,100,000	$525,000	$6,235	5.56%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	4	$2,060,000	$515,000	$5,502	3.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	5	$1,715,000	$343,000	$5,869	4.68%
BAKERSFIELD, CA (FHA\|USDA\|VA)	7	$1,535,000	$219,286	$10,369	5.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	3	$1,455,000	$485,000	$6,840	4.92%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	3	$1,405,000	$468,333	$5,977	5.04%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	2	$1,300,000	$650,000	$6,355	5.88%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	2	$930,000	$465,000	$9,297	4.25%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	1	$565,000	$565,000	$9,104	3.88%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	1	$485,000	$485,000	$3,758	3.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	1	$475,000	$475,000	$4,461	5.25%

First Standard Financial Corp.'s top markets include Los Angeles, Riverside, San Francisco, Houston, and New York among others.

Their top states include:

California (FHA|USDA|VA)

Texas (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Washington (FHA|USDA|VA)

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.

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POPA FEDERAL CREDIT UNION
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	210	$110,130,000	$524,429	$9,452	5.12%
FHA	16	$6,320,000	$395,000	$19,148	4.96%

For 2022, First Standard Financial Corp.'s most frequently originated type of loan was Conventional, with 210 originations. Their 2nd most popular type was FHA, with 16 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	147	$78,035,000	$530,850	$10,640	5.19%
Cash Out Refi	56	$26,820,000	$478,929	$9,738	5.25%
Refi	23	$11,595,000	$504,130	$7,915	4.21%

For 2022, First Standard Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	215	$113,215,000	$526,581	$10,369	5.18%
15 Year	6	$1,730,000	$288,333	$6,341	3.77%
20 Year	3	$1,155,000	$385,000	$4,066	3.42%
10 Year	2	$350,000	$175,000	$5,868	3.75%

For 2022, First Standard Financial Corp.'s most frequently cited loan duration was 30 Year, with 215 originations. The 2nd most popular length was 15 Year, with 6 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$5k+	116	$63,670,000	$548,879
$2k-3k	77	$40,425,000	$525,000
$4k-5k	18	$7,800,000	$433,333
$3k-4k	8	$1,610,000	$201,250
$1k-2k	6	$2,860,000	$476,667
$<1k	1	$85,000	$85,000

First Standard Financial Corp.'s average total fees were $10,369, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 116 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	63	$33,465,000	$531,190
5-6%	60	$28,580,000	$476,333
3-4%	53	$27,805,000	$524,623
6-7%	26	$14,080,000	$541,538
7-8%	15	$7,415,000	$494,333
Over 8%	5	$4,245,000	$849,000
2.5-3%	4	$860,000	$215,000

During 2022, First Standard Financial Corp.'s average interest rate for loans was 5.18%, while their most frequently originated rate bucket for loans was 4-5%, with 63 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$400k-600k	91	$45,545,000	$500,495	$10,754	5.00%
$200k-400k	64	$19,790,000	$309,219	$8,801	5.17%
$600k-1MM	52	$36,750,000	$706,731	$10,358	5.18%
$100k-200k	9	$1,335,000	$148,333	$6,270	4.69%
$1MM+	9	$12,945,000	$1,438,333	$17,059	5.58%
$100,000 or less	1	$85,000	$85,000	$890	5.75%

2022 saw First Standard Financial Corp. place emphasis on $400k-600k loans with 91 originations, totaling $45,545,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	221	$113,185,000	$512,149	$10,118	5.10%
$150k-250k	2	$1,020,000	$510,000	$11,514	6.88%
$50k-75k	2	$1,270,000	$635,000	$13,100	4.69%

First Standard Financial Corp. lent most frequently to those with incomes in the $50k or less range, with 221 originations. The second most popular income band? $150k-250k, with 2 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	30	$13,560,000	$452,000	$8,144	5.12%
30-36%	25	$12,445,000	$497,800	$9,972	5.48%
49%	18	$8,590,000	$477,222	$8,839	4.92%
39%	13	$6,015,000	$462,692	$10,182	5.50%
41%	13	$7,415,000	$570,385	$11,274	4.95%
47%	13	$6,995,000	$538,077	$9,698	4.63%
48%	13	$6,835,000	$525,769	$9,605	4.50%
40%	11	$4,765,000	$433,182	$10,378	5.48%
45%	11	$6,355,000	$577,727	$12,259	5.02%
43%	10	$3,870,000	$387,000	$6,728	5.16%
38%	10	$5,500,000	$550,000	$10,602	5.40%
<20%	9	$4,055,000	$450,556	$6,058	4.54%
42%	9	$4,695,000	$521,667	$9,817	5.31%
44%	9	$3,985,000	$442,778	$10,365	5.24%
46%	8	$7,490,000	$936,250	$12,805	4.94%
50-60%	8	$3,510,000	$438,750	$21,053	5.20%
36%	6	$2,880,000	$480,000	$11,332	5.19%
37%	4	$3,770,000	$942,500	$11,953	4.97%
>60%	1	$285,000	$285,000	$15,051	3.88%

First Standard Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 25 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Asian	139	$78,995,000	$568,309	$8,430	5.12%
White	78	$32,910,000	$421,923	$13,007	5.06%
Not provided	6	$2,910,000	$485,000	$14,754	5.27%
American Indian	2	$1,170,000	$585,000	$5,760	5.38%
Black	1	$465,000	$465,000	$5,030	4.75%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	226	$116,450,000	$515,265

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	226	$116,450,000	$515,265

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	21	$7,155,000	$340,714	$7,270	5.00%
40-60%	56	$29,770,000	$531,607	$9,145	5.00%
60-80%	103	$56,865,000	$552,087	$9,914	5.14%
80-100%	42	$21,690,000	$516,429	$13,636	5.18%
Under 20%	4	$970,000	$242,500	$8,156	5.34%

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
FIRST GUARANTY MORTGAGE CORP	Conventional home mortgage	Struggling to pay mortgage	1	100.0%