Stanford Federal Credit Union Mortgage Rates, Fees & Info
Palo Alto, CALEI: 5493009Y8ROUG903AQ21
Tax ID: 94-1492212
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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, Sacramento, and Santa Cruz among others. We have data for 110 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 an above 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.51% | 12/16/24 |
| 30 Year Conventional Purchase | 5.90% | 12/16/24 |
| 30 Year Conventional Refi | 5.95% | 12/16/24 |
| 30 Year Cash-out Refi | 6.06% | 12/16/24 |
| 15 Year Conventional Purchase | 6.42% | 12/16/24 |
| 15 Year Conventional Refi | 5.65% | 12/16/24 |
| 15 Year Cash-out Refi | 5.65% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,239Origination Dollar Volume (All Markets)
$712,755,000Awards
STANFORD Federal Credit Union - 2020
STANFORD Federal Credit Union is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 441 | $298,965,000 | $677,925 | $5,791 | 3.07% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 356 | $230,980,000 | $648,820 | $5,183 | 3.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 45 | $27,925,000 | $620,556 | $5,586 | 3.05% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 45 | $18,545,000 | $412,111 | $4,309 | 3.10% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 24 | $14,340,000 | $597,500 | $5,525 | 3.25% |
| STOCKTON, CA (FHA|USDA|VA) | 24 | $9,540,000 | $397,500 | $4,049 | 2.97% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $7,285,000 | $428,529 | $5,129 | 3.23% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $6,790,000 | $565,833 | $4,119 | 3.08% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $5,320,000 | $532,000 | $4,949 | 3.04% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $4,540,000 | $567,500 | $12,473 | 2.84% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $4,200,000 | $350,000 | $3,698 | 3.00% |
| MODESTO, CA (FHA|USDA|VA) | 10 | $4,180,000 | $418,000 | $4,928 | 3.19% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 7 | $4,115,000 | $587,857 | $5,075 | 2.98% |
| Outside of Metro Areas | 13 | $3,565,000 | $274,231 | $4,329 | 2.92% |
| SALINAS, CA (FHA|USDA|VA) | 7 | $3,535,000 | $505,000 | $3,745 | 3.04% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 11 | $3,175,000 | $288,636 | $3,202 | 3.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $3,000,000 | $1,500,000 | $3,374 | 3.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 7 | $2,775,000 | $396,429 | $3,599 | 2.93% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,530,000 | $421,667 | $8,013 | 3.08% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $2,350,000 | $235,000 | $5,880 | 2.95% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $2,060,000 | $515,000 | $3,785 | 3.18% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 3.65% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,790,000 | $895,000 | $0 | 3.49% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $4,279 | 3.10% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $3,444 | 3.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $4,461 | 2.95% |
| CHICO, CA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $4,202 | 3.12% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $15,842 | 2.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $5,417 | 3.05% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $4,134 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $6,970 | 3.04% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $3,212 | 3.54% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,679 | 3.08% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $5,877 | 3.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 3.60% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $2,850 | 3.16% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,732 | 3.04% |
| Sonora, CA (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $3,693 | 2.83% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,451 | 3.06% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $4,817 | 2.69% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,012 | 3.04% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $2,269 | 3.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 3.74% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,480 | 2.75% |
| RENO, NV (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,087 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $4,680 | 2.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $4,929 | 3.34% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,761 | 3.44% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,793 | 3.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $2,869 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,895 | 2.94% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 3.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,424 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 2.31% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $3,193 | 3.25% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,228 | 3.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,178 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 3.25% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,387 | 3.25% |
| La Grande, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $11,019 | 2.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,914 | 3.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,077 | 2.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,106 | 2.88% |
| Bennington, VT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,198 | 2.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,398 | 3.13% |
| Keene, NH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,358 | 2.81% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,055 | 2.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,531 | 3.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,604 | 2.75% |
| Edwards, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,912 | 3.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,871 | 3.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,444 | 3.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,529 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,484 | 3.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,105 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,283 | 3.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 3.44% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,089 | 3.25% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,489 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,710 | 2.69% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,558 | 2.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,362 | 2.75% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,211 | 3.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,646 | 2.63% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,337 | 1.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,346 | 2.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 2.94% |
| DOVER, DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,966 | 3.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 2.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,406 | 3.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.63% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.50% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,110 | 2.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,596 | 3.13% |
| MADERA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,034 | 2.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,581 | 3.13% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 3.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,923 | 3.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.88% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,871 | 2.88% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,836 | 2.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,674 | 3.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.63% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,789 | 2.63% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,342 | 3.00% |
| Meridian, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.25% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.25% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,239 | $712,755,000 | $575,266 | $5,261 | 3.06% |
For 2020, Stanford Federal Credit Union's most frequently originated type of loan was Conventional, with 1,239 originations.
Loan Reason
For 2020, Stanford Federal Credit Union's most frequently cited loan purpose was Refi, with 598 originations. The 2nd most popular reason was Home Purchase, with 353 originations.
Loan Duration/Length
For 2020, Stanford Federal Credit Union's most frequently cited loan duration was 30 Year, with 860 originations. The 2nd most popular length was 15 Year, with 257 originations.
Origination Fees/Closing Costs
Stanford Federal Credit Union's average total fees were $5,880, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 604 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 588 | $387,590,000 | $659,167 |
| 2.5-3% | 547 | $284,435,000 | $519,991 |
| <2.5% | 97 | $38,165,000 | $393,454 |
| 5-6% | 4 | $370,000 | $92,500 |
| 4-5% | 3 | $2,195,000 | $731,667 |
During 2020, Stanford Federal Credit Union's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 588 originations.
Loan Sizing
2020 saw Stanford Federal Credit Union place emphasis on $200k-400k loans with 360 originations, totaling $108,150,000 in origination value.
Applicant Income
Stanford Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 425 originations. The second most popular income band? $150k-250k, with 419 originations.
Applicant Debt to Income Ratio
Stanford Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 359 originations. The next most common DTI ratio? 30-36%, with 248 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.17%
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 origination90.31%
Stanford Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,239 | $712,755,000 | $575,266 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 25 | $31,645,000 | $1,265,800 |
| Single Family (1-4 Units):Site-Built | 1,214 | $681,110,000 | $561,046 |