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

Jump to:

  • 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 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 by origination volume include: Los Angeles, Riverside, San Diego, Bakersfield, and Houston among others. We have data for 17 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.

    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% 12/16/24
    30 Year Conventional Refi 6.46% 12/16/24
    30 Year Cash-out Refi 7.04% 12/16/24
    30 Year FHA Purchase 7.36% 12/16/24
    15 Year Conventional Purchase 5.89% 12/16/24
    15 Year Conventional Refi 6.30% 12/16/24
    15 Year Cash-out Refi 6.30% 12/16/24
    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

    797

    Origination Dollar Volume (All Markets)

    $357,685,000

    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) 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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (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.

    Christian Community Credit Union
    Similarity Rank: 354
    Credence Funding Corporation
    Similarity Rank: 404
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    MYPOINT Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Los Angeles Federal Credit Union
    Similarity Rank: 1400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 756 $339,470,000 $449,034 $6,212 2.93%
    FHA 41 $18,215,000 $444,268 $16,043 3.03%

    For 2021, First Standard Financial Corp.'s most frequently originated type of loan was Conventional, with 756 originations. Their 2nd most popular type was FHA, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, First Standard Financial Corp.'s most frequently cited loan purpose was Refi, with 354 originations. The 2nd most popular reason was 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 2021, First Standard Financial Corp.'s most frequently cited loan duration was 30 Year, with 657 originations. The 2nd most popular length was 15 Year, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 38 $15,030,000 $395,526
    $3k-4k 35 $11,215,000 $320,429
    $<1k 1 $805,000 $805,000

    First Standard Financial Corp.'s average total fees were $7,212, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.05%, while their most frequently originated rate bucket for loans was 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 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 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%