First Standard Financial Corp. Mortgage Rates, Fees & Info
Los Angeles, CALEI: 5493001K7B4W8IPMZ254
Tax ID: 20-5479066
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Mortgage Data
Review & Overview
First Standard Financial Corp. is a smaller mortgage company specializing in Refi loans. First Standard Financial Corp. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Oxnard, and San Francisco among others. We have data for 12 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 an average 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.
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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
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Originations
891Origination Dollar Volume (All Markets)
$390,655,000Awards
First Standard Financial Corp. - 2020
First Standard Financial Corp. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 754 | $339,890,000 | $450,782 | $5,683 | 3.02% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 74 | $25,730,000 | $347,703 | $7,110 | 3.22% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 19 | $7,475,000 | $393,421 | $3,798 | 2.95% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 11 | $4,965,000 | $451,364 | $5,518 | 2.93% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $4,960,000 | $496,000 | $4,748 | 2.94% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $2,965,000 | $423,571 | $4,963 | 2.68% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 9 | $1,925,000 | $213,889 | $7,525 | 3.44% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,460 | 3.19% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $10,822 | 2.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $7,992 | 3.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,472 | 2.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,368 | 3.50% |
Their top states include:
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 855 | $374,635,000 | $438,170 | $5,464 | 3.03% |
| FHA | 36 | $16,020,000 | $445,000 | $13,074 | 3.09% |
For 2020, First Standard Financial Corp.'s most frequently originated type of loan was Conventional, with 855 originations. Their 2nd most popular type was FHA, with 36 originations.
Loan Reason
For 2020, First Standard Financial Corp.'s most frequently cited loan purpose was Refi, with 566 originations. The 2nd most popular reason was Cash Out Refi, with 168 originations.
Loan Duration/Length
For 2020, First Standard Financial Corp.'s most frequently cited loan duration was 30 Year, with 752 originations. The 2nd most popular length was 15 Year, with 110 originations.
Origination Fees/Closing Costs
First Standard Financial Corp.'s average total fees were $6,039, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 483 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 470 | $211,750,000 | $450,532 |
| 3-4% | 338 | $147,170,000 | $435,414 |
| <2.5% | 69 | $24,415,000 | $353,841 |
| 4-5% | 9 | $5,025,000 | $558,333 |
| 5-6% | 5 | $2,295,000 | $459,000 |
During 2020, First Standard Financial Corp.'s average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 470 originations.
Loan Sizing
2020 saw First Standard Financial Corp. place emphasis on $400k-600k loans with 404 originations, totaling $197,750,000 in origination value.
Applicant Income
First Standard Financial Corp. lent most frequently to those with incomes in the $50k or less range, with 886 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
First Standard Financial Corp. lent most frequently to those with DTI ratios of 30-36%, with 167 originations. The next most common DTI ratio? 20-30%, with 149 originations.
Ethnicity Mix
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 891 | $390,655,000 | $438,446 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 891 | $390,655,000 | $438,446 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST FINANCIAL BANCORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| FIRST FINANCIAL BANCORP | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |
| FIRST FINANCIAL BANCORP | Conventional home mortgage | Trouble during payment process | 1 | 14.3% |
| FIRST FINANCIAL BANCORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| FIRST FINANCIAL BANCORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
| FIRST FINANCIAL BANCORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 28.6% |