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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include San Francisco, San Jose, Sacramento, Los Angeles, and Santa Cruz among others. Stanford Federal Credit Union has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Stanford Federal Credit Union is typically a high fee lendor.


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 rate mortgage of loans were 2.9%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.25%.

Relative Fees

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

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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.

Product Mix

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

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

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Stanford Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 427 originations. The 2nd most popular reason of loans were 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 the 2021, Stanford Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 696 originations. The 2nd most popular length of loans were 15 Year, with 207 originations.

Origination Fees

Origination Fee 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
$3k-4k 24 $16,940,000 $705,833
$2k-3k 18 $9,410,000 $522,778

$11,247 of loans were Stanford Federal Credit Union's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.90%, while their most frequently originated rate bucket of loans were 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 4 $1,980,000 $495,000 $20,722 2.94%

Approval Rates

Total approvals of all applications
95.93%

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
90.14%

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%