Stanford Federal Credit Union Mortgage Rates, Fees & Info

Palo Alto, CA

LEI: 5493009Y8ROUG903AQ21

Tax ID: 94-1492212

5 stars - Updated: 6/23/24 - out of 5 stars, based on 32 reviews

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

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Mortgage Data

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, Los Angeles, San Diego, and Stockton among others. We have data for 77 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 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.51% 6/23/24
30 Year Conventional Purchase 5.90% 6/23/24
30 Year Conventional Refi 5.95% 6/23/24
30 Year Cash-out Refi 6.06% 6/23/24
15 Year Conventional Purchase 6.42% 6/23/24
15 Year Conventional Refi 5.65% 6/23/24
15 Year Cash-out Refi 5.65% 6/23/24
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.

Stanford Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Stanford Federal Credit Union. 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

1,004

Origination Dollar Volume (All Markets)

$516,170,000

Awards

STANFORD Federal Credit Union 30 Year Conventional Loans silver STANFORD Federal Credit Union 30 Year Conventional Loans silver STANFORD Federal Credit Union 30 Year Conventional Loans silver STANFORD Federal Credit Union 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Stanford Federal Credit Union's average 30 year fixed mortgage rate was 6.19%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.29%.

Relative Fees (Closing Costs)

Stanford Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,568.

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 $9,089.

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) 436 $245,240,000 $562,477 $5,904 7.06%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 249 $135,475,000 $544,076 $4,561 7.26%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 62 $33,880,000 $546,452 $6,510 7.26%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 21 $10,145,000 $483,095 $5,942 7.36%
STOCKTON, CA (FHA|USDA|VA) 23 $8,975,000 $390,217 $3,990 7.01%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 15 $7,065,000 $471,000 $4,238 6.98%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 23 $6,625,000 $288,043 $3,820 7.19%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $4,995,000 $454,091 $4,746 6.42%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $4,800,000 $800,000 $4,229 6.15%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $4,065,000 $451,667 $5,832 5.99%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $3,870,000 $645,000 $7,366 5.96%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $3,565,000 $396,111 $4,938 6.71%
SALINAS, CA (FHA|USDA|VA) 10 $3,430,000 $343,000 $5,005 7.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $2,985,000 $331,667 $4,556 7.22%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $2,635,000 $527,000 $4,361 5.95%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $2,075,000 $691,667 $6,940 5.83%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,995,000 $399,000 $5,222 6.73%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,900,000 $475,000 $4,079 7.09%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $1,865,000 $1,865,000 $0 6.17%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,830,000 $915,000 $3,465 7.38%
ANN ARBOR, MI (FHA|USDA|VA) 1 $1,645,000 $1,645,000 $5,955 5.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $1,600,000 $266,667 $5,262 7.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,425,000 $475,000 $3,907 6.29%
VALLEJO, CA (FHA|USDA|VA) 4 $1,390,000 $347,500 $3,631 6.75%
PITTSBURGH, PA (FHA|USDA|VA) 4 $1,380,000 $345,000 $5,935 7.28%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $1,315,000 $438,333 $3,098 6.17%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $1,230,000 $615,000 $6,471 6.06%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $1,070,000 $267,500 $0 7.38%
RICHMOND, VA (FHA|USDA|VA) 2 $1,050,000 $525,000 $6,541 6.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $940,000 $235,000 $0 7.56%
MADISON, WI (FHA|USDA|VA) 2 $830,000 $415,000 $3,188 5.75%
NAPA, CA (FHA|USDA|VA) 3 $745,000 $248,333 $5,315 7.46%
Outside of Metro Areas 4 $740,000 $185,000 $3,402 7.16%
PROVO-OREM, UT (FHA|USDA|VA) 1 $705,000 $705,000 $3,909 5.75%
CHICO, CA (FHA|USDA|VA) 2 $690,000 $345,000 $2,775 6.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $630,000 $315,000 $7,084 7.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $595,000 $198,333 $2,485 6.75%
KNOXVILLE, TN (FHA|USDA|VA) 1 $585,000 $585,000 $4,280 6.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $530,000 $265,000 $7,281 5.39%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $525,000 $525,000 $2,693 6.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $505,000 $505,000 $12,513 7.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $445,000 $445,000 $4,972 5.25%
Kalispell, MT (FHA|USDA|VA) 1 $405,000 $405,000 $0 7.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $405,000 $405,000 $0 7.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $370,000 $185,000 $5,296 6.38%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $4,412 6.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $360,000 $180,000 $2,670 7.06%
MADERA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 8.00%
Heber, UT (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,198 6.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,612 6.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $305,000 $305,000 $4,443 6.63%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $295,000 $295,000 $5,818 6.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $290,000 $145,000 $2,919 6.81%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,794 6.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.50%
FRESNO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $6,712 7.63%
Moscow, ID (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.50%
MERCED, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,940 8.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,229 7.88%
BOULDER, CO (FHA|USDA|VA) 1 $235,000 $235,000 $2,650 6.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $9,905 6.63%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $225,000 $225,000 $2,709 6.00%
TUCSON, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,481 6.88%
WICHITA, KS (FHA|USDA|VA) 1 $215,000 $215,000 $2,590 5.63%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $205,000 $205,000 $3,084 6.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.50%
BECKLEY, WV (FHA|USDA|VA) 1 $155,000 $155,000 $2,805 6.88%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.50%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,523 6.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
Sonora, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.00%
VISALIA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
MODESTO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
Stanford Federal Credit Union's top markets include San Francisco, San Jose, Los Angeles, San Diego, and Stockton among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Florida (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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    N C P D Federal Credit Union
    Similarity Rank: 126
    El Dorado Savings Bank, F.S.B.
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    Columbia Bank
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    GREATER ALLIANCE
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    Blue Foundry Bank
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    PCSB Bank
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    LBS FINANCIAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 610 $199,640,000 $327,279 n/a 7.54%
    Conventional 394 $316,530,000 $803,376 $5,279 6.35%

    For 2023, Stanford Federal Credit Union's most frequently originated type of loan was HELOC, with 610 originations. Their 2nd most popular type was Conventional, with 394 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 597 $203,365,000 $340,645 $3,160 7.50%
    Home Purchase 339 $286,945,000 $846,445 $5,659 6.31%
    Other 43 $14,705,000 $341,977 $2,323 7.24%
    Cash Out Refi 23 $10,945,000 $475,870 $2,922 7.03%
    Home Improvement 2 $210,000 $105,000 $2,485 6.50%

    For 2023, Stanford Federal Credit Union's most frequently cited loan purpose was Refi, with 597 originations. The 2nd most popular reason was Home Purchase, with 339 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 622 $202,090,000 $324,904 $2,550 7.53%
    30 Year 302 $269,700,000 $893,046 $5,568 6.19%
    15 Year 60 $25,300,000 $421,667 $4,536 6.82%
    30+ year 15 $13,235,000 $882,333 $4,616 7.23%
    10 Year 5 $5,845,000 $1,169,000 $4,523 5.88%

    For 2023, Stanford Federal Credit Union's most frequently cited loan duration was 20 Year, with 622 originations. The 2nd most popular length was 30 Year, with 302 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 330 $268,750,000 $814,394
    $1k-2k 24 $10,860,000 $452,500
    $5k+ 15 $16,115,000 $1,074,333
    $2k-3k 13 $10,585,000 $814,231
    $3k-4k 4 $3,030,000 $757,500
    $4k-5k 4 $1,850,000 $462,500

    Stanford Federal Credit Union's average total fees were $5,568, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 330 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 683 $248,305,000 $363,551
    5-6% 173 $151,825,000 $877,601
    6-7% 144 $113,080,000 $785,278
    4-5% 2 $2,480,000 $1,240,000
    Over 8% 2 $480,000 $240,000

    During 2023, Stanford Federal Credit Union's average interest rate for loans was 6.19%, while their most frequently originated rate bucket for loans was 7-8%, with 683 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 265 $72,345,000 $273,000 $4,269 7.26%
    $400k-600k 206 $92,770,000 $450,340 $4,569 7.10%
    $100k-200k 169 $23,375,000 $138,314 $2,602 7.50%
    $1MM+ 148 $210,230,000 $1,420,473 $6,676 6.55%
    $600k-1MM 144 $112,810,000 $783,403 $5,610 6.52%
    $100,000 or less 72 $4,640,000 $64,444 $3,181 7.52%

    2023 saw Stanford Federal Credit Union place emphasis on $200k-400k loans with 265 originations, totaling $72,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 535 $360,455,000 $673,748 $6,037 7.08%
    $150k-250k 309 $114,715,000 $371,246 $4,894 7.05%
    $100k-150k 109 $27,445,000 $251,789 $3,579 7.11%
    $75k-100k 28 $5,570,000 $198,929 $3,671 7.28%
    $50k-75k 15 $2,295,000 $153,000 $3,162 7.07%
    $50k or less 4 $350,000 $87,500 $2,202 7.03%

    Stanford Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 535 originations. The second most popular income band? $150k-250k, with 309 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 198 $80,090,000 $404,495 $5,337 7.09%
    30-36% 163 $82,885,000 $508,497 $4,869 7.04%
    49% 99 $41,335,000 $417,525 $4,779 7.28%
    48% 65 $28,855,000 $443,923 $5,114 7.38%
    <20% 51 $14,755,000 $289,314 $4,691 6.97%
    47% 50 $24,760,000 $495,200 $7,502 7.22%
    41% 43 $30,845,000 $717,326 $5,342 7.08%
    44% 42 $33,510,000 $797,857 $5,341 6.82%
    45% 39 $26,545,000 $680,641 $6,876 6.96%
    42% 38 $24,260,000 $638,421 $4,900 6.94%
    46% 36 $26,070,000 $724,167 $5,207 6.92%
    43% 34 $18,900,000 $555,882 $5,082 7.14%
    38% 31 $14,805,000 $477,581 $6,660 7.01%
    39% 28 $16,290,000 $581,786 $4,794 6.95%
    36% 25 $12,795,000 $511,800 $4,580 6.83%
    40% 24 $15,720,000 $655,000 $5,328 6.99%
    37% 22 $12,460,000 $566,364 $4,649 7.03%
    50-60% 12 $5,950,000 $495,833 $2,809 7.46%

    Stanford Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 198 originations. The next most common DTI ratio? 30-36%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 470 $224,550,000 $477,766 $5,546 7.15%
    Asian 183 $112,165,000 $612,923 $5,012 6.91%
    Not provided 175 $86,015,000 $491,514 $4,656 7.12%
    Asian Indian 60 $41,460,000 $691,000 $5,472 6.80%
    Black 45 $20,745,000 $461,000 $5,714 6.98%
    Chinese 13 $8,075,000 $621,154 $5,464 6.96%
    Not applicable 4 $5,340,000 $1,335,000 $0 5.78%
    Filipino 22 $5,180,000 $235,455 $11,033 7.45%
    Vietnamese 7 $4,325,000 $617,857 $4,443 7.09%
    American Indian 7 $3,575,000 $510,714 $5,522 6.93%
    Other Asian 5 $1,785,000 $357,000 $3,753 7.18%
    Native Hawaiian or Islander 6 $1,330,000 $221,667 $0 7.63%
    Korean 5 $1,215,000 $243,000 $1,673 7.27%
    Japanese 2 $410,000 $205,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    96.03%

    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
    80.28%

    Stanford Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,004 $516,170,000 $514,114

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,004 $516,170,000 $514,114

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 239 $112,375,000 $470,188 $4,592 7.32%
    40-60% 112 $90,530,000 $808,304 $5,679 6.68%
    60-80% 135 $121,165,000 $897,519 $5,605 6.30%
    80-100% 109 $98,715,000 $905,642 $5,521 6.34%
    Under 20% 409 $93,385,000 $228,325 $2,790 7.49%