First Standard Financial Corp. Mortgage Rates, Fees & Info
Los Angeles, CALEI: 5493001K7B4W8IPMZ254
Tax ID: 20-5479066
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
797Origination Dollar Volume (All Markets)
$357,685,000Relative 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 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 origination99.95%
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% |
