Sandia Laboratory Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 549300CIQ950OK0BS407

Tax ID: 85-0113445

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Sandia Laboratory is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Sandia Laboratory has a high proportion of conventional loans. Their top markets include Albuquerque, Santa Fe, San Francisco, and Farmington among others. Sandia Laboratory has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sandia Laboratory is typically a low fee lendor.


Originations

1,019

Origination Dollar Volume (All Markets)

$225,995,000

Awards

SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans bronze
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Relative Rate

Sandia Laboratory's average 30 year fixed rate mortgage of loans were 3.05%.

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

This yields a difference of -0.1%.

Relative Fees

Sandia Laboratory's average total fees for a 30 year fixed rate mortgage are $2,689.

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
ALBUQUERQUE, NM (FHA|USDA|VA) 863 $185,635,000 $215,104 $1,891 3.16%
Outside of Metro Areas 95 $27,815,000 $292,789 $2,914 3.30%
SANTA FE, NM (FHA|USDA|VA) 35 $6,225,000 $177,857 $1,816 3.15%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $4,015,000 $446,111 $3,545 3.28%
FARMINGTON, NM (FHA|USDA|VA) 17 $2,305,000 $135,588 $2,019 3.20%

Sandia Laboratory's top markets include Albuquerque, Santa Fe, San Francisco, and Farmington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,019 $225,995,000 $221,781 $1,999 3.18%

For the 2021 period, Sandia Laboratory's most frequently originated loan type of loans were Conventional, with 1,019 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 430 $97,570,000 $226,907 $2,078 3.07%
Home Purchase 281 $73,455,000 $261,406 $2,280 3.46%
Refi 237 $48,785,000 $205,844 $1,924 2.88%
Home Improvement 37 $3,385,000 $91,486 $624 3.57%
Other 34 $2,800,000 $82,353 $751 3.72%

For the 2021, Sandia Laboratory's most frequently cited loan purpose of loans were Cash Out Refi, with 430 originations. The 2nd most popular reason of loans were Home Purchase, with 281 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 534 $144,430,000 $270,468 $2,689 3.05%
20 Year 237 $21,655,000 $91,371 $758 3.80%
15 Year 196 $47,380,000 $241,735 $1,774 2.89%
10 Year 50 $6,520,000 $130,400 $1,296 2.60%
Other 2 $6,010,000 $3,005,000 $0 4.25%

For the 2021, Sandia Laboratory's most frequently cited loan length of loans were 30 Year, with 534 originations. The 2nd most popular length of loans were 20 Year, with 237 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 844 $151,230,000 $179,182
$1k-2k 86 $19,250,000 $223,837
$3k-4k 30 $15,650,000 $521,667
$2k-3k 15 $5,685,000 $379,000
$5k+ 10 $10,830,000 $1,083,000

$2,689 of loans were Sandia Laboratory's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 844 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 506 $131,530,000 $259,941
3-4% 341 $55,445,000 $162,595
4-5% 89 $25,825,000 $290,169
<2.5% 83 $13,195,000 $158,976

During 2021, Sandia Laboratory's average interest rate of loans were 3.05%, while their most frequently originated rate bucket of loans were 2.5-3%, with 506 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 342 $92,250,000 $269,737 $2,516 3.00%
$100k-200k 332 $50,720,000 $152,771 $1,965 3.03%
$100,000 or less 255 $13,305,000 $52,176 $331 3.64%
$400k-600k 59 $28,055,000 $475,508 $3,846 3.08%
$600k-1MM 21 $15,295,000 $728,333 $6,363 2.93%
$1MM+ 10 $26,370,000 $2,637,000 $11,189 3.33%

2021 saw Sandia Laboratory place emphasis on $200k-400k loans with 342 originations, totaling $92,250,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 294 $55,490,000 $188,741 $1,858 3.18%
$150k-250k 205 $52,755,000 $257,341 $2,366 3.13%
$75k-100k 174 $29,400,000 $168,966 $1,765 3.19%
$50k-75k 164 $24,010,000 $146,402 $1,574 3.14%
$50k or less 88 $10,520,000 $119,545 $1,456 3.04%
$250k+ 73 $41,355,000 $566,507 $3,860 3.24%

Sandia Laboratory lent most frequently to those with incomes in the $100k-150k range, with 294 originations. The second most popular income band? $150k-250k, with 205 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 342 $68,800,000 $201,170 $2,014 3.10%
<20% 198 $37,580,000 $189,798 $1,854 3.01%
30-36% 179 $38,075,000 $212,709 $2,071 3.22%
41% 38 $7,460,000 $196,316 $1,651 3.37%
40% 37 $7,615,000 $205,811 $2,194 3.33%
36% 30 $5,730,000 $191,000 $1,893 3.19%
38% 29 $6,135,000 $211,552 $2,153 3.31%
39% 28 $5,670,000 $202,500 $1,938 3.42%
37% 24 $4,700,000 $195,833 $1,666 3.26%
42% 23 $4,445,000 $193,261 $1,733 3.21%
44% 15 $3,325,000 $221,667 $2,185 3.22%
43% 15 $3,575,000 $238,333 $2,781 3.06%
45% 14 $3,650,000 $260,714 $2,097 3.35%
46% 8 $2,200,000 $275,000 $2,337 3.25%
>60% 4 $840,000 $210,000 $1,831 3.22%
47% 4 $930,000 $232,500 $2,330 3.29%
50-60% 4 $2,690,000 $672,500 $6,023 3.16%
48% 2 $250,000 $125,000 $1,943 2.94%
49% 1 $155,000 $155,000 $2,686 3.25%

Sandia Laboratory lent most frequently to those with DTI ratios of 20-30%, with 342 originations. The next most common DTI ratio? <20%, with 198 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 784 $173,990,000 $221,926 $1,978 3.16%
Not provided 158 $33,190,000 $210,063 $2,079 3.17%
Not applicable 11 $5,075,000 $461,364 $0 4.48%
Asian 14 $4,070,000 $290,714 $2,392 3.03%
American Indian 23 $3,905,000 $169,783 $1,846 3.25%
Black 14 $2,110,000 $150,714 $1,636 3.30%
Filipino 4 $1,730,000 $432,500 $3,382 3.03%
Other Asian 5 $565,000 $113,000 $1,501 3.08%
Asian Indian 2 $550,000 $275,000 $2,336 2.88%
Other Pacific Islander 2 $350,000 $175,000 $2,843 3.00%
Japanese 1 $305,000 $305,000 $3,535 3.13%
Vietnamese 1 $155,000 $155,000 $2,348 2.75%

Approval Rates

Total approvals of all applications
94.42%

Sandia Laboratory has an average approval rate.

Pick Rate

Approvals leading to origination
72.91%

Sandia Laboratory has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,019 $225,995,000 $221,781

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,019 $225,995,000 $221,781

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 96 $16,530,000 $172,188 $1,037 3.00%
40-60% 161 $32,625,000 $202,640 $1,949 2.95%
60-80% 438 $124,830,000 $285,000 $2,650 3.02%
80-100% 138 $43,010,000 $311,667 $3,159 3.01%
Under 20% 186 $9,000,000 $48,387 $169 3.94%