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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 4/21/24 |
| 30 Year Conventional Refi | 6.46% | 4/21/24 |
| 30 Year Cash-out Refi | 7.04% | 4/21/24 |
| 30 Year FHA Purchase | 7.36% | 4/21/24 |
| 15 Year Conventional Purchase | 5.89% | 4/21/24 |
| 15 Year Conventional Refi | 6.30% | 4/21/24 |
| 15 Year Cash-out Refi | 6.30% | 4/21/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
797Origination Dollar Volume (All Markets)
$357,685,000Top 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% |
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.
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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
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
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
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
2021 saw First Standard Financial Corp. place emphasis on $400k-600k loans with 317 originations, totaling $155,955,000 in origination value.
Applicant Income
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
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
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 | 797 | $357,685,000 | $448,789 |
LTV Distribution
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% |