Standard Mortgage Corporation Rates, Fees & Info

BATON ROUGE, LA

LEI: 5493002F9OWLKRICTY67

Tax ID: 72-0593959

5 stars - out of 5 stars, based on 44 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: New Orleans, Shreveport, Lafayette, Baton Rouge, and Alexandria among others. We have data for 64 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 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 6.39% 1/29/23
    30 Year Conventional Refi 6.30% 1/29/23
    30 Year Cash-out Refi 6.42% 1/29/23
    30 Year FHA Purchase 7.08% 1/29/23
    30 Year FHA Refi 6.88% 1/29/23
    30 Year VA Purchase 6.01% 1/29/23
    30 Year VA Refi 5.84% 1/29/23
    30 Year USDA Purchase 6.58% 1/29/23
    30 Year USDA Refi 6.27% 1/29/23
    15 Year Conventional Purchase 5.84% 1/29/23
    15 Year Conventional Refi 5.78% 1/29/23
    15 Year Cash-out Refi 5.78% 1/29/23
    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.


    Originations

    1,973

    Origination Dollar Volume (All Markets)

    $420,635,000
    Show all (26) awards

    Relative Rate

    Standard Mortgage Corporation's average 30 year fixed mortgage rate was 2.87%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.28%.

    Relative Fees (Closing Costs)

    Standard Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,129.

    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 $4,750.

    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) 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.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    Bossier Federal Credit Union
    Similarity Rank: 68
    CENTRIC
    Similarity Rank: 108
    EDUCATION FIRST
    Similarity Rank: 115
    Bank of Abbeville & Trust Company
    Similarity Rank: 161
    NECHES
    Similarity Rank: 184
    Eureka Homestead
    Similarity Rank: 204
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    MCT Credit Union
    Similarity Rank: 245
    Neighbors Federal Credit Union
    Similarity Rank: 320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Standard Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,686 originations. Their 2nd most popular type was FHA, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Standard Mortgage Corporation's most frequently cited loan purpose was Refi, with 899 originations. The 2nd most popular reason was 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 2021, Standard Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,290 originations. The 2nd most popular length was 15 Year, with 417 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 8 $2,600,000 $325,000
    $4k-5k 4 $1,630,000 $407,500
    $5k+ 3 $1,375,000 $458,333

    Standard Mortgage Corporation's average total fees were $4,129, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.87%, while their most frequently originated rate bucket for loans was 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 or Islander 1 $125,000 $125,000 $2,694 2.25%

    Approval Rates

    Total approvals of all applications
    96.07%

    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 origination
    71.36%

    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%