Standard Mortgage Corporation Rates, Fees & Info
BATON ROUGE, LALEI: 5493002F9OWLKRICTY67
Tax ID: 72-0593959
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Standard Mortgage Corporation is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Standard Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include New Orleans, Shreveport, Lafayette, Baton Rouge, and Alexandria among others. Standard Mortgage Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Standard Mortgage Corporation is typically an average fee lendor.Originations
1,973Origination Dollar Volume (All Markets)
$420,635,000Awards
STANDARD MORTGAGE CORPORATION - 2021
STANDARD MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Standard Mortgage Corporation's average 30 year fixed rate mortgage of loans were
2.87%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.28%.
Relative Fees
Standard Mortgage Corporation's average total fees for a 30 year fixed rate
mortgage are $4,129.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 667 | $147,295,000 | $220,832 | $3,615 | 2.77% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 266 | $57,270,000 | $215,301 | $3,658 | 2.66% |
| LAFAYETTE, LA (FHA|USDA|VA) | 255 | $54,685,000 | $214,451 | $4,137 | 2.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 215 | $41,875,000 | $194,767 | $4,406 | 2.76% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 109 | $22,985,000 | $210,872 | $3,920 | 2.70% |
| MONROE, LA (FHA|USDA|VA) | 76 | $14,850,000 | $195,395 | $3,253 | 2.69% |
| Outside of Metro Areas | 70 | $13,610,000 | $194,429 | $3,462 | 2.72% |
| HAMMOND, LA (FHA|USDA|VA) | 37 | $7,335,000 | $198,243 | $3,537 | 2.76% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 35 | $6,995,000 | $199,857 | $4,003 | 2.80% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 18 | $5,470,000 | $303,889 | $4,537 | 2.60% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 20 | $4,960,000 | $248,000 | $4,235 | 2.66% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 22 | $4,550,000 | $206,818 | $3,130 | 2.85% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,155,000 | $286,818 | $4,418 | 2.77% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 16 | $3,120,000 | $195,000 | $3,163 | 2.63% |
| Opelousas, LA (FHA|USDA|VA) | 14 | $2,770,000 | $197,857 | $3,763 | 2.73% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $2,420,000 | $242,000 | $5,306 | 2.68% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $2,545 | 2.69% |
| Ruston, LA (FHA|USDA|VA) | 9 | $1,855,000 | $206,111 | $3,683 | 2.68% |
| Bogalusa, LA (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $2,896 | 2.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $3,169 | 2.91% |
| Picayune, MS (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $3,240 | 2.84% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $3,041 | 2.68% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $4,080 | 2.44% |
| LONGVIEW, TX (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $3,417 | 2.64% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $2,196 | 2.68% |
| Morgan City, LA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $2,993 | 2.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $3,610 | 2.83% |
| Natchitoches, LA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,191 | 2.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $2,683 | 2.63% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,637 | 2.96% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $2,652 | 2.50% |
| JACKSON, MS (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $3,053 | 2.70% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $2,431 | 2.56% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,065 | 2.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,719 | 2.56% |
| Edwards, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,439 | 2.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,188 | 2.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,408 | 2.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,558 | 2.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,415 | 2.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,007 | 2.63% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,461 | 2.88% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,559 | 2.88% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,684 | 3.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,360 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,167 | 3.00% |
| Meridian, MS (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,309 | 3.46% |
| Athens, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,216 | 2.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,747 | 2.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,771 | 2.75% |
| El Campo, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,462 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,843 | 2.13% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $6,199 | 2.44% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,798 | 2.88% |
| Minden, LA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,146 | 2.75% |
| Jennings, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,638 | 2.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,180 | 3.00% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,853 | 2.50% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,913 | 2.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,041 | 2.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,458 | 2.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,544 | 2.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,864 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,426 | 2.75% |
Standard Mortgage Corporation's top markets include New Orleans, Shreveport, Lafayette, Baton Rouge, and Alexandria among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,686 | $361,810,000 | $214,597 | $3,372 | 2.75% |
| FHA | 144 | $25,700,000 | $178,472 | $6,597 | 2.75% |
| VA | 75 | $19,255,000 | $256,733 | $5,783 | 2.52% |
| USDA | 68 | $13,870,000 | $203,971 | $5,750 | 2.75% |
For the 2021 period, Standard Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 1,686 originations. Their 2nd most popular type is FHA, with 144 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 899 | $177,615,000 | $197,570 | $3,179 | 2.63% |
| Home Purchase | 656 | $153,970,000 | $234,710 | $4,791 | 2.83% |
| Cash Out Refi | 418 | $89,050,000 | $213,038 | $3,502 | 2.83% |
For the 2021, Standard Mortgage Corporation's most frequently cited loan purpose of loans were Refi, with 899 originations. The 2nd most popular reason of loans were Home Purchase, with 656 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,290 | $296,730,000 | $230,023 | $4,129 | 2.87% |
| 15 Year | 417 | $72,275,000 | $173,321 | $3,081 | 2.36% |
| 20 Year | 209 | $41,985,000 | $200,885 | $3,275 | 2.70% |
| Other | 37 | $6,895,000 | $186,351 | $3,065 | 2.80% |
| 10 Year | 20 | $2,750,000 | $137,500 | $2,706 | 2.33% |
For the 2021, Standard Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 1,290 originations. The 2nd most popular length of loans were 15 Year, with 417 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,564 | $331,790,000 | $212,142 |
| $<1k | 351 | $72,405,000 | $206,282 |
| $2k-3k | 38 | $9,990,000 | $262,895 |
| $3k-4k | 12 | $4,230,000 | $352,500 |
| $5k+ | 3 | $1,375,000 | $458,333 |
$4,129 of loans were Standard Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,564 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 987 | $224,325,000 | $227,280 |
| <2.5% | 674 | $129,390,000 | $191,973 |
| 3-4% | 306 | $65,730,000 | $214,804 |
| 4-5% | 6 | $1,190,000 | $198,333 |
During 2021, Standard Mortgage Corporation's average interest rate of loans were 2.87%, while their most frequently originated rate bucket of loans were 2.5-3%, with 987 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 852 | $127,770,000 | $149,965 | $3,490 | 2.74% |
| $200k-400k | 814 | $219,720,000 | $269,926 | $4,113 | 2.75% |
| $100,000 or less | 186 | $14,800,000 | $79,570 | $2,930 | 2.64% |
| $400k-600k | 115 | $53,305,000 | $463,522 | $4,823 | 2.79% |
| $600k-1MM | 5 | $3,745,000 | $749,000 | $6,603 | 2.83% |
| $1MM+ | 1 | $1,295,000 | $1,295,000 | $6,994 | 3.00% |
2021 saw Standard Mortgage Corporation place emphasis on $100k-200k loans with 852 originations, totaling $127,770,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 465 | $112,275,000 | $241,452 | $3,756 | 2.71% |
| $50k-75k | 442 | $74,630,000 | $168,846 | $3,796 | 2.73% |
| $75k-100k | 365 | $76,695,000 | $210,123 | $3,857 | 2.78% |
| $150k-250k | 307 | $85,765,000 | $279,365 | $3,710 | 2.74% |
| $50k or less | 306 | $41,470,000 | $135,523 | $3,766 | 2.75% |
| $250k+ | 82 | $28,310,000 | $345,244 | $3,978 | 2.69% |
Standard Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 465 originations. The second most popular income band? $50k-75k, with 442 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 572 | $119,200,000 | $208,392 | $3,534 | 2.71% |
| 30-36% | 352 | $78,730,000 | $223,665 | $3,819 | 2.76% |
| <20% | 319 | $64,045,000 | $200,768 | $3,272 | 2.63% |
| 40% | 68 | $14,020,000 | $206,176 | $3,999 | 2.72% |
| 41% | 68 | $13,570,000 | $199,559 | $4,104 | 2.87% |
| 37% | 67 | $14,065,000 | $209,925 | $4,074 | 2.74% |
| 42% | 63 | $13,085,000 | $207,698 | $4,115 | 2.74% |
| 39% | 63 | $13,685,000 | $217,222 | $4,005 | 2.86% |
| 36% | 60 | $15,240,000 | $254,000 | $3,877 | 2.80% |
| 38% | 56 | $12,490,000 | $223,036 | $4,202 | 2.87% |
| 44% | 55 | $12,705,000 | $231,000 | $4,298 | 2.83% |
| 43% | 50 | $10,970,000 | $219,400 | $4,176 | 2.77% |
| 45% | 38 | $7,770,000 | $204,474 | $4,306 | 2.89% |
| 49% | 34 | $8,520,000 | $250,588 | $4,148 | 2.78% |
| 46% | 28 | $5,900,000 | $210,714 | $4,467 | 2.69% |
| 48% | 27 | $6,665,000 | $246,852 | $4,855 | 2.77% |
| 47% | 24 | $5,230,000 | $217,917 | $4,220 | 2.72% |
| 50-60% | 19 | $3,225,000 | $169,737 | $5,387 | 2.67% |
| >60% | 10 | $1,520,000 | $152,000 | $3,948 | 2.85% |
Standard Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 572 originations. The next most common DTI ratio? 30-36%, with 352 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,706 | $369,180,000 | $216,401 | $3,743 | 2.74% |
| Black | 167 | $30,315,000 | $181,527 | $4,356 | 2.78% |
| Not provided | 66 | $13,640,000 | $206,667 | $3,279 | 2.75% |
| Asian | 28 | $6,490,000 | $231,786 | $3,877 | 2.50% |
| American Indian | 4 | $740,000 | $185,000 | $3,235 | 2.59% |
| Chinese | 1 | $145,000 | $145,000 | $8,005 | 2.88% |
| Native Hawaiian | 1 | $125,000 | $125,000 | $2,694 | 2.25% |
Approval Rates
Total approvals of all applications96.19%
Standard Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.15%
Standard Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,973 | $420,635,000 | $213,196 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,973 | $420,635,000 | $213,196 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 118 | $17,330,000 | $146,864 | $3,035 | 2.55% |
| 40-60% | 402 | $77,540,000 | $192,886 | $3,239 | 2.59% |
| 60-80% | 763 | $161,905,000 | $212,195 | $3,385 | 2.79% |
| 80-100% | 682 | $163,070,000 | $239,106 | $4,685 | 2.80% |
| Under 20% | 8 | $790,000 | $98,750 | $3,072 | 2.53% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STANDARD MORTGAGE CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| STANDARD MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| STANDARD MORTGAGE CORPORATION | FHA mortgage | Struggling to pay mortgage | 2 | 33.3% |
| STANDARD MORTGAGE CORPORATION | Other type of mortgage | Trouble during payment process | 2 | 33.3% |
