Stanford Federal Credit Union Mortgage Rates, Fees & Info

Palo Alto, CA

LEI: 5493009Y8ROUG903AQ21

Tax ID: 94-1492212

1 stars - out of 5 stars, based on 32 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Stanford Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Stanford Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Sacramento, Los Angeles, and Santa Cruz among others. We have data for 97 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Stanford Federal Credit Union 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. Stanford Federal Credit Union is typically a high 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.39% 1/29/23
    30 Year Conventional Refi 6.34% 1/29/23
    30 Year Cash-out Refi 6.43% 1/29/23
    15 Year Conventional Purchase 6.05% 1/29/23
    15 Year Conventional Refi 5.95% 1/29/23
    15 Year Cash-out Refi 5.95% 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

    1,012

    Origination Dollar Volume (All Markets)

    $747,440,000

    Awards

    STANFORD Federal Credit Union 30 Year Conventional Loans bronze STANFORD Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Stanford Federal Credit Union's average 30 year fixed mortgage rate was 2.9%.

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

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Stanford Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $11,247.

    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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 404 $346,400,000 $857,426 $12,198 2.84%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 256 $210,570,000 $822,539 $7,867 2.77%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 37 $22,475,000 $607,432 $7,258 2.93%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 30 $20,890,000 $696,333 $12,580 2.73%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 17 $11,625,000 $683,824 $8,228 2.90%
    STOCKTON, CA (FHA|USDA|VA) 18 $8,420,000 $467,778 $9,966 2.79%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $7,630,000 $953,750 $6,763 3.01%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $7,420,000 $530,000 $9,234 2.91%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $7,390,000 $923,750 $18,546 2.59%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $7,045,000 $782,778 $13,767 2.67%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $5,390,000 $539,000 $12,992 3.23%
    RENO, NV (FHA|USDA|VA) 4 $5,390,000 $1,347,500 $5,087 3.32%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $4,865,000 $442,273 $4,960 2.66%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $4,375,000 $875,000 $5,314 2.73%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $3,825,000 $425,000 $15,304 2.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $3,745,000 $535,000 $6,609 3.05%
    FRESNO, CA (FHA|USDA|VA) 9 $3,735,000 $415,000 $5,982 3.10%
    SALINAS, CA (FHA|USDA|VA) 5 $3,655,000 $731,000 $10,614 2.85%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $3,575,000 $715,000 $8,222 3.05%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $2,820,000 $705,000 $11,964 2.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $2,795,000 $559,000 $14,497 3.13%
    Outside of Metro Areas 8 $2,560,000 $320,000 $7,266 3.09%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $2,540,000 $317,500 $8,183 2.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,285,000 $457,000 $6,940 2.73%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,975,000 $658,333 $7,707 3.53%
    VALLEJO, CA (FHA|USDA|VA) 6 $1,970,000 $328,333 $9,250 2.63%
    MERCED, CA (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 3.35%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,860,000 $465,000 $9,385 2.53%
    MODESTO, CA (FHA|USDA|VA) 6 $1,820,000 $303,333 $8,588 2.85%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,805,000 $361,000 $8,040 2.68%
    Jackson, WY-ID (FHA|USDA|VA) 1 $1,785,000 $1,785,000 $4,260 3.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,735,000 $578,333 $15,913 3.18%
    BOISE CITY, ID (FHA|USDA|VA) 4 $1,530,000 $382,500 $12,088 2.75%
    NAPA, CA (FHA|USDA|VA) 3 $1,515,000 $505,000 $9,546 3.13%
    REDDING, CA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 2.75%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $3,509 2.63%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $16,854 3.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $1,040,000 $520,000 $16,355 2.25%
    BOULDER, CO (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,124 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 3.50%
    URBAN HONOLULU, HI (FHA|USDA|VA) 3 $1,005,000 $335,000 $4,520 2.96%
    Heber, UT (FHA|USDA|VA) 1 $985,000 $985,000 $4,463 3.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $860,000 $430,000 $7,214 2.44%
    Fernley, NV (FHA|USDA|VA) 1 $835,000 $835,000 $0 3.52%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $800,000 $400,000 $6,032 3.06%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $785,000 $261,667 $5,581 2.46%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $685,000 $685,000 $0 3.45%
    MEDFORD, OR (FHA|USDA|VA) 2 $650,000 $325,000 $6,579 2.31%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $645,000 $645,000 $3,882 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $610,000 $305,000 $13,126 3.19%
    Ukiah, CA (FHA|USDA|VA) 1 $605,000 $605,000 $14,360 2.50%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $0 3.13%
    Red Bluff, CA (FHA|USDA|VA) 1 $525,000 $525,000 $5,964 2.13%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $485,000 $161,667 $6,032 2.79%
    Taos, NM (FHA|USDA|VA) 1 $455,000 $455,000 $8,018 2.75%
    BEND, OR (FHA|USDA|VA) 1 $445,000 $445,000 $13,725 3.00%
    Hilo, HI (FHA|USDA|VA) 1 $445,000 $445,000 $6,922 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $435,000 $435,000 $12,943 3.00%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $405,000 $405,000 $6,761 2.63%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $395,000 $395,000 $2,514 2.88%
    CHICO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 2.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $360,000 $180,000 $7,044 3.75%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $360,000 $90,000 $5,128 3.19%
    Edwards, CO (FHA|USDA|VA) 1 $355,000 $355,000 $3,073 2.38%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $345,000 $345,000 $6,738 3.13%
    Pullman, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,883 2.63%
    TUCSON, AZ (FHA|USDA|VA) 2 $330,000 $165,000 $0 2.56%
    Marquette, MI (FHA|USDA|VA) 1 $325,000 $325,000 $7,038 3.13%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $325,000 $325,000 $8,274 3.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.25%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.50%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $295,000 $295,000 $2,670 2.38%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $265,000 $265,000 $6,899 2.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $245,000 $245,000 $6,576 3.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $235,000 $235,000 $7,037 3.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $235,000 $235,000 $5,989 2.88%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $235,000 $235,000 $11,024 1.88%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.88%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,041 2.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $215,000 $215,000 $2,037 3.00%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $205,000 $205,000 $1,749 3.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.13%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $195,000 $195,000 $4,788 2.00%
    SANTA FE, NM (FHA|USDA|VA) 1 $195,000 $195,000 $3,238 3.00%
    HINESVILLE, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,431 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,273 3.50%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.38%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $175,000 $175,000 $5,774 2.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,754 2.38%
    Sonora, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $145,000 $145,000 $1,889 2.63%
    LINCOLN, NE (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.38%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,747 2.00%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $6,739 3.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,831 2.38%
    Stanford Federal Credit Union's top markets include San Francisco, San Jose, Sacramento, Los Angeles, and Santa Cruz among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against STANFORD Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Christian Community Credit Union
    Similarity Rank: 354
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    First City Credit Union
    Similarity Rank: 1026
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164
    Los Angeles Federal Credit Union
    Similarity Rank: 1230
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    CommonWealth Central Credit Union
    Similarity Rank: 1428

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,012 $747,440,000 $738,577 $10,001 2.83%

    For 2021, Stanford Federal Credit Union's most frequently originated type of loan was Conventional, with 1,012 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 427 $258,145,000 $604,555 $4,448 2.70%
    Home Purchase 401 $362,715,000 $904,526 $13,091 2.91%
    Cash Out Refi 146 $99,550,000 $681,849 $7,446 2.97%
    Other 37 $26,815,000 $724,730 $10,517 2.91%
    Home Improvement 1 $215,000 $215,000 $2,105 2.88%

    For 2021, Stanford Federal Credit Union's most frequently cited loan purpose was Refi, with 427 originations. The 2nd most popular reason was Home Purchase, with 401 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 696 $590,470,000 $848,376 $11,247 2.90%
    15 Year 207 $90,485,000 $437,126 $5,891 2.56%
    20 Year 61 $24,175,000 $396,311 $5,241 2.92%
    10 Year 27 $13,125,000 $486,111 $4,425 2.39%
    Other 21 $29,185,000 $1,389,762 $0 3.44%

    For 2021, Stanford Federal Credit Union's most frequently cited loan duration was 30 Year, with 696 originations. The 2nd most popular length was 15 Year, with 207 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 862 $624,750,000 $724,768
    $5k+ 54 $47,840,000 $885,926
    $1k-2k 30 $12,010,000 $400,333
    $2k-3k 18 $9,410,000 $522,778
    $3k-4k 18 $13,900,000 $772,222
    $4k-5k 6 $3,040,000 $506,667

    Stanford Federal Credit Union's average total fees were $11,247, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 862 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 476 $357,930,000 $751,954
    <2.5% 276 $170,360,000 $617,246
    3-4% 253 $217,195,000 $858,478
    4-5% 7 $1,955,000 $279,286

    During 2021, Stanford Federal Credit Union's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 476 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 249 $373,795,000 $1,501,185 $14,824 2.89%
    $600k-1MM 237 $188,325,000 $794,620 $11,727 2.90%
    $200k-400k 228 $68,110,000 $298,728 $6,430 2.73%
    $400k-600k 215 $104,995,000 $488,349 $7,444 2.79%
    $100k-200k 71 $11,275,000 $158,803 $5,278 2.75%
    $100,000 or less 12 $940,000 $78,333 $4,526 3.14%

    2021 saw Stanford Federal Credit Union place emphasis on $1MM+ loans with 249 originations, totaling $373,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 434 $432,440,000 $996,406 $11,742 2.84%
    $150k-250k 331 $199,745,000 $603,459 $9,647 2.82%
    $100k-150k 151 $59,225,000 $392,219 $6,732 2.75%
    $75k-100k 34 $10,610,000 $312,059 $6,419 2.75%
    $50k-75k 30 $7,770,000 $259,000 $4,955 2.75%
    $50k or less 8 $1,160,000 $145,000 $3,571 2.94%

    Stanford Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 434 originations. The second most popular income band? $150k-250k, with 331 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 280 $183,430,000 $655,107 $9,293 2.77%
    30-36% 212 $166,540,000 $785,566 $11,160 2.85%
    <20% 139 $61,905,000 $445,360 $6,130 2.70%
    42% 36 $30,920,000 $858,889 $13,497 2.90%
    37% 36 $24,850,000 $690,278 $9,728 2.89%
    36% 35 $30,345,000 $867,000 $11,244 2.89%
    41% 29 $25,745,000 $887,759 $9,647 2.96%
    40% 27 $26,245,000 $972,037 $13,925 2.97%
    38% 24 $18,690,000 $778,750 $9,405 2.90%
    39% 24 $23,930,000 $997,083 $7,436 2.86%
    43% 24 $20,630,000 $859,583 $11,680 2.93%
    44% 21 $12,505,000 $595,476 $11,929 2.81%
    46% 21 $20,165,000 $960,238 $8,474 2.87%
    45% 20 $11,860,000 $593,000 $10,502 2.79%
    48% 20 $16,030,000 $801,500 $11,272 2.81%
    47% 18 $17,410,000 $967,222 $9,432 2.65%
    49% 14 $11,110,000 $793,571 $16,405 2.88%
    >60% 4 $4,070,000 $1,017,500 $10,281 2.38%
    50-60% 4 $4,570,000 $1,142,500 $13,875 3.09%

    Stanford Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 280 originations. The next most common DTI ratio? 30-36%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 498 $367,780,000 $738,514 $9,677 2.83%
    Asian 235 $183,165,000 $779,426 $10,292 2.79%
    Not provided 212 $135,540,000 $639,340 $10,098 2.79%
    Not applicable 24 $36,490,000 $1,520,417 $0 3.44%
    Black 31 $14,945,000 $482,097 $9,059 2.85%
    American Indian 8 $7,540,000 $942,500 $19,663 2.86%
    Native Hawaiian or Islander 4 $1,980,000 $495,000 $20,722 2.94%

    Approval Rates

    Total approvals of all applications
    96.39%

    Stanford Federal Credit Union 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
    88.14%

    Stanford Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1797.09 1 $155,000 $155,000
    NA 1,011 $747,285,000 $739,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,012 $747,440,000 $738,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 211 $113,345,000 $537,180 $6,908 2.70%
    40-60% 243 $177,935,000 $732,243 $7,983 2.80%
    60-80% 315 $295,845,000 $939,190 $11,365 2.91%
    80-100% 155 $129,785,000 $837,323 $12,812 2.93%
    Under 20% 86 $29,950,000 $348,256 $6,472 2.74%