First Standard Financial Corp. Mortgage Rates, Fees & InfoLos Angeles, CA
Tax ID: 20-5479066
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst 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.
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|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.|
Origination Dollar Volume (All Markets)$116,450,000
First Standard Financial Corp.'s average 30 year fixed mortgage rate was
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.
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%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||56||$26,820,000||$478,929||$9,738||5.25%|
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 Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
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|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2022 saw First Standard Financial Corp. place emphasis on $400k-600k loans with 91 originations, totaling $45,545,000 in origination value.
|Applicant Income||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|$50k or less||221||$113,185,000||$512,149||$10,118||5.10%|
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
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.
Approval RatesTotal approvals of all applications
First Standard Financial Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|FIRST GUARANTY MORTGAGE CORP||Conventional home mortgage||Struggling to pay mortgage||1||100.0%|