First Standard Financial Corp. Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 5493001K7B4W8IPMZ254

Tax ID: 20-5479066

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Bakersfield, San Diego, and Oxnard among others. We have data for 7 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 about average 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% 4/18/24
    30 Year Conventional Refi 6.46% 4/18/24
    30 Year Cash-out Refi 7.04% 4/18/24
    30 Year FHA Purchase 7.36% 4/18/24
    15 Year Conventional Purchase 5.89% 4/18/24
    15 Year Conventional Refi 6.30% 4/18/24
    15 Year Cash-out Refi 6.30% 4/18/24
    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™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    164

    Origination Dollar Volume (All Markets)

    $66,150,000

    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) 126 $54,990,000 $436,429 $9,688 4.83%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 27 $8,275,000 $306,481 $9,795 4.83%
    BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,155,000 $231,000 $9,899 4.78%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $530,000 $265,000 $3,721 4.81%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $520,000 $260,000 $8,537 4.19%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $395,000 $395,000 $12,783 4.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $285,000 $285,000 $10,596 5.25%
    First Standard Financial Corp.'s top markets include Los Angeles, Riverside, Bakersfield, San Diego, and Oxnard among others.

    Their top states include:
  • California (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.

    MYPOINT Credit Union
    Similarity Rank: 55
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    LBS FINANCIAL
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    Cabrillo Credit Union
    Similarity Rank: 248
    LA Financial Federal Credit Union
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    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $48,240,000 $402,000 $8,004 4.83%
    FHA 44 $17,910,000 $407,045 $14,109 4.80%

    For 2018, First Standard Financial Corp.'s most frequently originated type of loan was Conventional, with 120 originations. Their 2nd most popular type was FHA, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $40,080,000 $417,500 $10,228 4.79%
    Cash Out Refi 47 $17,525,000 $372,872 $9,550 4.99%
    Refi 21 $8,545,000 $406,905 $7,101 4.60%

    For 2018, First Standard Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 154 $63,040,000 $409,351 $9,910 4.85%
    15 Year 8 $2,420,000 $302,500 $4,986 4.20%
    20 Year 1 $285,000 $285,000 $8,952 4.75%
    Other 1 $405,000 $405,000 $9,273 5.88%

    For 2018, First Standard Financial Corp.'s most frequently cited loan duration was 30 Year, with 154 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 63 $25,535,000 $405,317
    $2k-3k 36 $14,220,000 $395,000
    $1k-2k 35 $15,585,000 $445,286
    $4k-5k 22 $7,900,000 $359,091
    $3k-4k 7 $2,415,000 $345,000

    First Standard Financial Corp.'s average total fees were $9,910, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 117 $47,315,000 $404,402
    5-6% 41 $16,785,000 $409,390
    3-4% 6 $2,050,000 $341,667

    During 2018, First Standard Financial Corp.'s average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 89 $28,185,000 $316,685 $8,376 4.78%
    $400k-600k 55 $26,405,000 $480,091 $12,036 4.90%
    $600k-1MM 14 $10,580,000 $755,714 $9,989 4.83%
    $100k-200k 6 $980,000 $163,333 $7,184 4.75%

    2018 saw First Standard Financial Corp. place emphasis on $200k-400k loans with 89 originations, totaling $28,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 100 $40,500,000 $405,000 $10,272 4.93%
    $100k-150k 21 $9,665,000 $460,238 $10,876 4.60%
    $75k-100k 20 $6,690,000 $334,500 $8,833 4.66%
    $50k-75k 15 $4,185,000 $279,000 $5,856 4.66%
    $150k-250k 4 $2,590,000 $647,500 $7,452 4.69%
    $250k+ 4 $2,520,000 $630,000 $8,610 5.03%

    First Standard Financial Corp. lent most frequently to those with incomes in the $50k or less range, with 100 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 21 $8,485,000 $404,048 $14,060 4.81%
    46% 17 $6,665,000 $392,059 $7,764 4.76%
    30-36% 16 $6,400,000 $400,000 $9,336 4.73%
    49% 14 $4,450,000 $317,857 $7,754 4.80%
    47% 11 $5,005,000 $455,000 $10,587 4.85%
    41% 10 $3,570,000 $357,000 $8,492 5.14%
    45% 9 $2,965,000 $329,444 $7,228 4.74%
    42% 9 $3,455,000 $383,889 $7,644 4.83%
    20-30% 9 $4,235,000 $470,556 $8,671 4.85%
    48% 8 $3,250,000 $406,250 $10,583 5.06%
    40% 8 $3,380,000 $422,500 $9,284 4.56%
    37% 6 $2,280,000 $380,000 $9,727 4.79%
    39% 5 $2,045,000 $409,000 $9,512 4.80%
    44% 5 $1,775,000 $355,000 $11,421 4.83%
    43% 3 $1,955,000 $651,667 $9,215 4.75%
    38% 3 $1,775,000 $591,667 $13,523 4.92%
    36% 2 $840,000 $420,000 $10,025 5.00%
    >60% 2 $680,000 $340,000 $14,200 4.69%

    First Standard Financial Corp. lent most frequently to those with DTI ratios of 50-60%, with 21 originations. The next most common DTI ratio? 46%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $22,460,000 $362,258 $11,663 4.86%
    Asian 48 $21,100,000 $439,583 $8,118 4.64%
    Other Asian 23 $9,995,000 $434,565 $7,017 4.83%
    Not provided 17 $6,705,000 $394,412 $11,054 4.99%
    Korean 10 $4,350,000 $435,000 $7,320 5.24%
    Black 3 $1,145,000 $381,667 $13,960 4.54%
    Asian Indian 1 $395,000 $395,000 $12,783 4.88%

    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
    11659.06 1 $355,000 $355,000
    4283.45 1 $435,000 $435,000
    5530.0 1 $405,000 $405,000
    6010.0 1 $455,000 $455,000
    6889.95 1 $485,000 $485,000
    8047.5 1 $205,000 $205,000
    NA 158 $63,810,000 $403,861

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 164 $66,150,000 $403,354

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,830,000 $305,000 $5,935 4.71%
    40-60% 32 $13,540,000 $423,125 $7,071 4.65%
    60-80% 60 $23,930,000 $398,833 $8,987 4.91%
    80-100% 65 $26,395,000 $406,077 $11,887 4.83%
    Under 20% 1 $455,000 $455,000 $7,973 5.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 3 25.0%
    FIRST AMERICAN FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 1 8.3%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 3 25.0%
    FIRST AMERICAN FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 16.7%