Standard Mortgage Corporation Rates, Fees & Info
BATON ROUGE, LALEI: 5493002F9OWLKRICTY67
Tax ID: 72-0593959
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Mortgage Data
Review & Overview
Standard Mortgage Corporation is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: New Orleans, Lafayette, Shreveport, Baton Rouge, and Alexandria among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Standard Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Standard Mortgage Corporation is typically a low 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 | 6.69% | 4/5/25 |
| 30 Year Conventional Refi | 6.54% | 4/5/25 |
| 30 Year Cash-out Refi | 6.83% | 4/5/25 |
| 30 Year FHA Purchase | 6.95% | 4/5/25 |
| 30 Year FHA Refi | 6.82% | 4/5/25 |
| 30 Year VA Purchase | 6.22% | 4/5/25 |
| 30 Year USDA Purchase | 6.68% | 4/5/25 |
| 15 Year Conventional Purchase | 6.08% | 4/5/25 |
| 15 Year Conventional Refi | 6.58% | 4/5/25 |
| 15 Year Cash-out Refi | 6.58% | 4/5/25 |
| 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. | ||
Standard Mortgage Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
424Origination Dollar Volume (All Markets)
$117,650,000Awards
STANDARD MORTGAGE CORPORATION - 2024
STANDARD MORTGAGE CORPORATION is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Standard Mortgage Corporation's average 30 year fixed mortgage rate was
6.43%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.12%.
Relative Fees (Closing Costs)
Standard Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,903.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 142 | $41,810,000 | $294,437 | $6,296 | 6.46% |
| LAFAYETTE, LA (FHA|USDA|VA) | 74 | $17,990,000 | $243,108 | $5,628 | 6.36% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 62 | $14,940,000 | $240,968 | $5,254 | 6.40% |
| BATON ROUGE, LA (FHA|USDA|VA) | 32 | $7,770,000 | $242,813 | $5,737 | 6.39% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 15 | $5,185,000 | $345,667 | $4,905 | 6.26% |
| Outside of Metro Areas | 8 | $2,810,000 | $351,250 | $4,770 | 6.20% |
| HAMMOND, LA (FHA|USDA|VA) | 12 | $2,160,000 | $180,000 | $6,837 | 6.53% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $2,135,000 | $427,000 | $5,952 | 6.45% |
| Picayune, MS (FHA|USDA|VA) | 7 | $1,995,000 | $285,000 | $6,836 | 6.16% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $4,489 | 6.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $7,284 | 6.08% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $10,015 | 6.59% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $7,574 | 6.40% |
| Minden, LA (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $4,749 | 6.90% |
| Morgan City, LA (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $4,493 | 6.49% |
| Mount Airy, NC (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $5,635 | 6.25% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $7,380 | 6.17% |
| MONROE, LA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $6,671 | 5.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $6,370 | 6.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,793 | 6.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,601 | 6.06% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,553 | 6.06% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,216 | 6.50% |
| Malvern, AR (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $3,488 | 6.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,461 | 6.38% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,203 | 5.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,684 | 6.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,166 | 5.88% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,580 | 6.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,563 | 6.88% |
| Ruston, LA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,133 | 6.56% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,885 | 7.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,298 | 6.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,801 | 6.88% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,537 | 6.88% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,207 | 5.88% |
| Cullman, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,345 | 6.63% |
| Athens, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,508 | 6.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,104 | 6.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,314 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against STANDARD MORTGAGE CORPORATION 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
For 2024, Standard Mortgage Corporation's most frequently originated type of loan was Conventional, with 315 originations. Their 2nd most popular type was FHA, with 81 originations.
Loan Reason
For 2024, Standard Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 303 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.
Loan Duration/Length
For 2024, Standard Mortgage Corporation's most frequently cited loan duration was 30 Year, with 404 originations. The 2nd most popular length was 20 Year, with 10 originations.
Origination Fees/Closing Costs
Standard Mortgage Corporation's average total fees were $5,903, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 272 originations.
Interest Rates
During 2024, Standard Mortgage Corporation's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 6-7%, with 253 originations.
Loan Sizing
2024 saw Standard Mortgage Corporation place emphasis on $200k-400k loans with 211 originations, totaling $59,475,000 in origination value.
Applicant Income
Standard Mortgage Corporation lent most frequently to those with incomes in the $150k-250k range, with 101 originations. The second most popular income band? $100k-150k, with 94 originations.
Applicant Debt to Income Ratio
Standard Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.49%
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 origination64.15%
Standard Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 424 | $117,650,000 | $277,476 |