Standard Mortgage Corporation Rates, Fees & Info

BATON ROUGE, LA

LEI: 5493002F9OWLKRICTY67

Tax ID: 72-0593959

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • 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

    Standard Mortgage Corporation is a smaller mortgage company specializing in Refi and 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, Baton Rouge, Lafayette, Shreveport, and Monroe among others. We have data for 67 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.

    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 6.50% 4/18/24
    30 Year Conventional Refi 6.40% 4/18/24
    30 Year Cash-out Refi 6.59% 4/18/24
    30 Year FHA Purchase 6.88% 4/18/24
    30 Year FHA Refi 6.27% 4/18/24
    30 Year VA Purchase 5.76% 4/18/24
    30 Year VA Refi 5.75% 4/18/24
    30 Year USDA Purchase 6.30% 4/18/24
    30 Year USDA Refi 7.20% 4/18/24
    15 Year Conventional Purchase 5.89% 4/18/24
    15 Year Conventional Refi 5.88% 4/18/24
    15 Year Cash-out Refi 5.88% 4/18/24
    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.

    Standard Mortgage Corporation Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Standard Mortgage Corporation. 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

    3,059

    Origination Dollar Volume (All Markets)

    $680,945,000
    Show all (28) awards

    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) 973 $215,885,000 $221,876 $3,542 2.87%
    BATON ROUGE, LA (FHA|USDA|VA) 472 $106,230,000 $225,064 $4,114 2.99%
    LAFAYETTE, LA (FHA|USDA|VA) 471 $101,935,000 $216,423 $3,590 2.84%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 345 $77,275,000 $223,986 $3,531 2.79%
    MONROE, LA (FHA|USDA|VA) 143 $33,875,000 $236,888 $3,282 2.84%
    ALEXANDRIA, LA (FHA|USDA|VA) 113 $25,215,000 $223,142 $3,992 2.83%
    Outside of Metro Areas 97 $18,755,000 $193,351 $3,719 2.90%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 57 $14,885,000 $261,140 $3,915 2.70%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 38 $11,420,000 $300,526 $3,901 2.72%
    HAMMOND, LA (FHA|USDA|VA) 42 $8,420,000 $200,476 $3,365 2.84%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 36 $7,970,000 $221,389 $3,771 2.74%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 17 $4,375,000 $257,353 $2,944 2.73%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 22 $4,300,000 $195,455 $2,474 2.93%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 16 $3,420,000 $213,750 $4,185 2.75%
    Opelousas, LA (FHA|USDA|VA) 16 $3,350,000 $209,375 $3,969 2.88%
    Morgan City, LA (FHA|USDA|VA) 15 $3,165,000 $211,000 $3,552 2.78%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,495,000 $277,222 $3,649 2.90%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $2,480,000 $248,000 $4,169 3.04%
    LAKE CHARLES, LA (FHA|USDA|VA) 13 $2,415,000 $185,769 $3,599 3.21%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 13 $2,325,000 $178,846 $2,472 2.87%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,095,000 $232,778 $3,032 2.86%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $1,985,000 $283,571 $2,626 3.16%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,910,000 $318,333 $5,382 2.67%
    LONGVIEW, TX (FHA|USDA|VA) 10 $1,880,000 $188,000 $4,467 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $1,860,000 $232,500 $2,789 2.89%
    Ruston, LA (FHA|USDA|VA) 7 $1,645,000 $235,000 $3,500 2.70%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 7 $1,565,000 $223,571 $2,907 2.54%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 8 $1,510,000 $188,750 $2,799 2.72%
    DeRidder, LA (FHA|USDA|VA) 5 $1,195,000 $239,000 $5,715 3.15%
    Key West, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $3,445 2.63%
    Picayune, MS (FHA|USDA|VA) 7 $915,000 $130,714 $3,115 2.89%
    Bogalusa, LA (FHA|USDA|VA) 4 $870,000 $217,500 $3,291 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $855,000 $171,000 $2,910 2.88%
    HATTIESBURG, MS (FHA|USDA|VA) 4 $830,000 $207,500 $3,149 2.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $780,000 $195,000 $3,248 2.59%
    Natchitoches, LA (FHA|USDA|VA) 4 $760,000 $190,000 $3,215 2.88%
    Minden, LA (FHA|USDA|VA) 3 $725,000 $241,667 $3,141 2.71%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $700,000 $350,000 $3,689 2.75%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $680,000 $340,000 $3,631 2.56%
    Natchez, MS-LA (FHA|USDA|VA) 2 $520,000 $260,000 $3,410 2.69%
    Cullowhee, NC (FHA|USDA|VA) 1 $515,000 $515,000 $4,287 3.25%
    JACKSON, MS (FHA|USDA|VA) 4 $490,000 $122,500 $2,582 2.53%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $465,000 $155,000 $2,015 2.75%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,216 2.38%
    GREELEY, CO (FHA|USDA|VA) 1 $355,000 $355,000 $2,941 3.63%
    OCALA, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,642 3.25%
    Fort Polk South, LA (FHA|USDA|VA) 1 $275,000 $275,000 $3,374 3.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,699 3.25%
    Meridian, MS (FHA|USDA|VA) 2 $250,000 $125,000 $4,798 2.88%
    Jennings, LA (FHA|USDA|VA) 1 $245,000 $245,000 $6,654 3.25%
    Morehead City, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,381 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $235,000 $235,000 $2,928 3.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $2,789 4.00%
    MIDLAND, TX (FHA|USDA|VA) 1 $225,000 $225,000 $2,839 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,253 2.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,144 2.63%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,476 3.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,039 2.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,102 2.50%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,051 3.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,839 3.13%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,341 2.38%
    El Campo, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,720 2.63%
    Vicksburg, MS (FHA|USDA|VA) 1 $125,000 $125,000 $3,016 2.88%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,689 2.88%
    MOBILE, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,981 2.88%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,478 2.75%
    Standard Mortgage Corporation's top markets include New Orleans, Baton Rouge, Lafayette, Shreveport, and Monroe among others.

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

    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 76
    Jefferson Parish Employees FCU
    Similarity Rank: 77
    Bossier Federal Credit Union
    Similarity Rank: 78
    Eureka Homestead
    Similarity Rank: 112
    Bank of Abbeville & Trust Company
    Similarity Rank: 162
    Century Next Bank
    Similarity Rank: 195
    The Evangeline Bank & Trust Company
    Similarity Rank: 256
    EDUCATION FIRST
    Similarity Rank: 273
    Neighbors Federal Credit Union
    Similarity Rank: 285
    MCT Credit Union
    Similarity Rank: 315

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,680 $603,060,000 $225,022 $3,292 2.84%
    FHA 172 $34,330,000 $199,593 $6,888 3.05%
    VA 107 $26,465,000 $247,336 $6,047 2.88%
    USDA 100 $17,090,000 $170,900 $4,958 3.08%

    For 2020, Standard Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,680 originations. Their 2nd most popular type was FHA, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,711 $378,585,000 $221,265 $3,152 2.77%
    Home Purchase 830 $188,240,000 $226,795 $4,781 3.05%
    Cash Out Refi 512 $113,080,000 $220,859 $3,458 2.88%
    Home Improvement 6 $1,040,000 $173,333 $3,192 3.29%

    For 2020, Standard Mortgage Corporation's most frequently cited loan purpose was Refi, with 1,711 originations. The 2nd most popular reason was Home Purchase, with 830 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,931 $459,705,000 $238,066 $3,990 2.99%
    15 Year 751 $143,805,000 $191,485 $3,038 2.57%
    20 Year 250 $53,270,000 $213,080 $3,166 2.84%
    Other 90 $18,720,000 $208,000 $3,031 2.86%
    10 Year 37 $5,445,000 $147,162 $2,733 2.53%

    For 2020, Standard Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,931 originations. The 2nd most popular length was 15 Year, with 751 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,274 $501,250,000 $220,427
    $<1k 678 $147,800,000 $217,994
    $2k-3k 70 $19,030,000 $271,857
    $3k-4k 18 $6,150,000 $341,667
    $5k+ 11 $4,125,000 $375,000
    $4k-5k 8 $2,590,000 $323,750

    Standard Mortgage Corporation's average total fees were $3,990, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,479 $339,315,000 $229,422
    3-4% 808 $181,090,000 $224,121
    <2.5% 750 $157,160,000 $209,547
    4-5% 22 $3,380,000 $153,636

    During 2020, Standard Mortgage Corporation's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,479 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,426 $391,880,000 $274,811 $3,916 2.87%
    $100k-200k 1,208 $186,400,000 $154,305 $3,324 2.85%
    $100,000 or less 244 $19,480,000 $79,836 $2,816 2.87%
    $400k-600k 180 $82,560,000 $458,667 $4,760 2.89%
    $600k-1MM 1 $625,000 $625,000 $7,809 3.88%

    2020 saw Standard Mortgage Corporation place emphasis on $200k-400k loans with 1,426 originations, totaling $391,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 819 $199,965,000 $244,158 $3,716 2.86%
    $50k-75k 639 $110,245,000 $172,527 $3,611 2.89%
    $75k-100k 559 $119,715,000 $214,159 $3,568 2.86%
    $150k-250k 520 $143,720,000 $276,385 $3,588 2.81%
    $50k or less 342 $46,940,000 $137,251 $3,708 2.96%
    $250k+ 159 $55,625,000 $349,843 $3,886 2.80%

    Standard Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 819 originations. The second most popular income band? $50k-75k, with 639 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 903 $200,695,000 $222,254 $3,479 2.84%
    30-36% 589 $131,095,000 $222,572 $3,718 2.89%
    <20% 517 $112,005,000 $216,644 $3,172 2.74%
    36% 103 $20,925,000 $203,155 $3,539 2.85%
    39% 95 $20,875,000 $219,737 $3,854 2.92%
    40% 93 $21,445,000 $230,591 $3,934 2.99%
    37% 88 $18,940,000 $215,227 $3,957 2.88%
    42% 87 $18,975,000 $218,103 $3,945 2.94%
    43% 87 $21,355,000 $245,460 $4,014 2.95%
    41% 83 $19,135,000 $230,542 $3,561 2.99%
    38% 78 $18,740,000 $240,256 $4,228 2.92%
    44% 67 $16,185,000 $241,567 $3,759 3.00%
    45% 51 $11,855,000 $232,451 $4,106 2.88%
    46% 47 $11,285,000 $240,106 $4,279 2.90%
    47% 43 $9,725,000 $226,163 $4,388 2.90%
    49% 43 $9,305,000 $216,395 $3,422 2.91%
    50-60% 33 $7,305,000 $221,364 $6,403 2.98%
    48% 30 $6,490,000 $216,333 $4,097 3.00%
    >60% 15 $3,145,000 $209,667 $3,593 2.97%

    Standard Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 903 originations. The next most common DTI ratio? 30-36%, with 589 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,762 $621,790,000 $225,123 $3,603 2.86%
    Black 192 $34,710,000 $180,781 $4,308 3.00%
    Asian 64 $15,280,000 $238,750 $3,428 2.75%
    Not provided 35 $7,865,000 $224,714 $3,786 3.03%
    American Indian 4 $770,000 $192,500 $3,153 2.72%
    Asian Indian 1 $285,000 $285,000 $2,203 2.25%
    Native Hawaiian or Islander 1 $245,000 $245,000 $5,831 2.88%

    Approval Rates

    Total approvals of all applications
    96.84%

    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
    80.25%

    Standard Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,059 $680,945,000 $222,604

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 3,059 $680,945,000 $222,604

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 168 $26,170,000 $155,774 $2,937 2.66%
    40-60% 533 $106,065,000 $198,996 $3,107 2.70%
    60-80% 1,271 $291,815,000 $229,595 $3,232 2.86%
    80-100% 1,076 $255,130,000 $237,110 $4,518 2.99%
    Under 20% 11 $1,765,000 $160,455 $2,946 2.58%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Incorrect information on your report 1 14.3%
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 3 42.9%
    STANDARD MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 2 28.6%
    STANDARD MORTGAGE CORPORATION VA mortgage Closing on a mortgage 1 14.3%