Sandia Laboratory Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 549300CIQ950OK0BS407

Tax ID: 85-0113445

5 stars - Updated: 3/27/24 - out of 5 stars, based on 35 reviews

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

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Mortgage Data

Review & Overview

Sandia Laboratory is a smaller mortgage company specializing in Home Purchase loans. Sandia Laboratory has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, San Francisco, Santa Fe, Farmington, and Denver among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sandia Laboratory 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. Sandia Laboratory is typically a low 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
30 Year Conventional Purchase 5.85% 3/27/24
30 Year Conventional Refi 5.96% 3/27/24
30 Year Cash-out Refi 5.94% 3/27/24
15 Year Conventional Purchase 5.21% 3/27/24
15 Year Conventional Refi 5.10% 3/27/24
15 Year Cash-out Refi 5.10% 3/27/24
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.

Sandia Laboratory Mortgage Calculator






Your Estimates

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

This is not an official calculator from Sandia Laboratory. 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

1,191

Origination Dollar Volume (All Markets)

$264,765,000

Awards

SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans bronze SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Sandia Laboratory's average 30 year fixed mortgage rate was 6.78%.

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

This yields a difference of 0.3%.

Relative Fees (Closing Costs)

Sandia Laboratory's average total fees/closing costs for a 30 year fixed rate mortgage were $3,528.

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
ALBUQUERQUE, NM (FHA|USDA|VA) 959 $218,665,000 $228,014 $1,919 6.74%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 34 $10,590,000 $311,471 $3,167 6.85%
SANTA FE, NM (FHA|USDA|VA) 47 $7,915,000 $168,404 $1,557 6.81%
FARMINGTON, NM (FHA|USDA|VA) 35 $3,335,000 $95,286 $1,038 6.69%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 14 $2,530,000 $180,714 $4,971 6.84%
Los Alamos, NM (FHA|USDA|VA) 7 $2,045,000 $292,143 $2,069 6.11%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $1,735,000 $192,778 $2,989 6.11%
Durango, CO (FHA|USDA|VA) 5 $1,655,000 $331,000 $2,027 6.30%
Outside of Metro Areas 8 $1,550,000 $193,750 $4,229 6.35%
Taos, NM (FHA|USDA|VA) 6 $1,440,000 $240,000 $1,806 5.65%
STOCKTON, CA (FHA|USDA|VA) 5 $1,295,000 $259,000 $2,492 7.22%
LAS CRUCES, NM (FHA|USDA|VA) 5 $1,115,000 $223,000 $581 6.79%
FORT COLLINS, CO (FHA|USDA|VA) 5 $1,025,000 $205,000 $2,303 6.60%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $965,000 $321,667 $3,103 5.58%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $945,000 $315,000 $5,818 5.93%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $930,000 $465,000 $0 7.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $890,000 $222,500 $2,682 6.13%
Gallup, NM (FHA|USDA|VA) 6 $890,000 $148,333 $2,586 6.79%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $680,000 $170,000 $1,299 6.62%
Pahrump, NV (FHA|USDA|VA) 1 $625,000 $625,000 $5,654 6.38%
MODESTO, CA (FHA|USDA|VA) 2 $500,000 $250,000 $1,674 6.13%
Silver City, NM (FHA|USDA|VA) 2 $390,000 $195,000 $2,108 6.88%
Roswell, NM (FHA|USDA|VA) 3 $335,000 $111,667 $2,142 6.96%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,226 6.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $275,000 $91,667 $1,335 6.01%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.48%
AMARILLO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,298 7.25%
Clovis, NM (FHA|USDA|VA) 2 $220,000 $110,000 $1,569 6.00%
TUCSON, AZ (FHA|USDA|VA) 2 $210,000 $105,000 $609 7.56%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $190,000 $95,000 $1,961 6.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $3,737 6.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $180,000 $90,000 $494 6.27%
Portales, NM (FHA|USDA|VA) 2 $160,000 $80,000 $1,285 6.44%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.78%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,384 5.75%
Las Vegas, NM (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.64%
RENO, NV (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.38%
Alamogordo, NM (FHA|USDA|VA) 1 $65,000 $65,000 $1,751 5.38%
Sandia Laboratory's top markets include Albuquerque, San Francisco, Santa Fe, Farmington, and Denver among others.

Their top states include:
  • New Mexico (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 176
    GUADALUPE CREDIT UNION
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    Del Norte Credit Union
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    SANDIA LABORATORY
    Similarity Rank: 342
    Enterprise Bank & Trust
    Similarity Rank: 364
    Kirtland Federal Credit Union
    Similarity Rank: 558
    NUSENDA
    Similarity Rank: 846
    First Financial Credit Union
    Similarity Rank: 924
    PULTE MORTGAGE LLC
    Similarity Rank: 3124
    DHI MORTGAGE COMPANY, LTD.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 625 $198,955,000 $318,328 $1,993 6.30%
    HELOC 566 $65,810,000 $116,272 n/a 7.16%

    For 2023, Sandia Laboratory's most frequently originated type of loan was Conventional, with 625 originations. Their 2nd most popular type was HELOC, with 566 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 404 $156,530,000 $387,450 $2,692 6.31%
    Home Improvement 330 $34,150,000 $103,485 $384 6.92%
    Other 287 $28,495,000 $99,286 $582 7.11%
    Cash Out Refi 145 $23,025,000 $158,793 $1,394 6.64%
    Refi 25 $22,565,000 $902,600 $3,550 6.35%

    For 2023, Sandia Laboratory's most frequently cited loan purpose was Home Purchase, with 404 originations. The 2nd most popular reason was Home Improvement, with 330 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 830 $156,810,000 $188,928 $3,528 6.78%
    20 Year 285 $22,635,000 $79,421 $377 6.54%
    15 Year 56 $73,630,000 $1,314,821 $2,211 6.53%
    5 Year 7 $2,525,000 $360,714 $0 7.32%
    10 Year 6 $690,000 $115,000 $1,083 5.94%
    Other 4 $7,740,000 $1,935,000 $0 6.81%
    3 Year 3 $735,000 $245,000 $0 6.66%

    For 2023, Sandia Laboratory's most frequently cited loan duration was 30 Year, with 830 originations. The 2nd most popular length was 20 Year, with 285 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 521 $97,615,000 $187,361
    $1k-2k 25 $7,765,000 $310,600
    $5k+ 12 $8,120,000 $676,667
    $2k-3k 5 $1,285,000 $257,000
    $3k-4k 4 $2,070,000 $517,500
    $4k-5k 1 $365,000 $365,000

    Sandia Laboratory's average total fees were $3,528, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 521 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 407 $118,625,000 $291,462
    6-7% 337 $77,565,000 $230,163
    Over 8% 220 $25,770,000 $117,136
    7-8% 205 $32,325,000 $157,683
    4-5% 22 $10,480,000 $476,364

    During 2023, Sandia Laboratory's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 5-6%, with 407 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 501 $28,305,000 $56,497 $338 6.83%
    $100k-200k 324 $42,120,000 $130,000 $1,285 6.88%
    $200k-400k 274 $77,170,000 $281,642 $3,320 6.49%
    $400k-600k 53 $25,455,000 $480,283 $3,809 6.13%
    $600k-1MM 28 $19,840,000 $708,571 $6,056 6.17%
    $1MM+ 11 $71,875,000 $6,534,091 $13,754 6.02%

    2023 saw Sandia Laboratory place emphasis on $100,000 or less loans with 501 originations, totaling $28,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 332 $49,540,000 $149,217 $1,977 6.60%
    $150k-250k 301 $57,495,000 $191,013 $2,018 6.72%
    $75k-100k 164 $19,250,000 $117,378 $1,602 6.75%
    $50k-75k 157 $15,055,000 $95,892 $1,272 6.79%
    $250k+ 97 $35,015,000 $360,979 $3,903 6.50%
    $50k or less 67 $5,295,000 $79,030 $1,227 6.84%

    Sandia Laboratory lent most frequently to those with incomes in the $100k-150k range, with 332 originations. The second most popular income band? $150k-250k, with 301 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 229 $36,525,000 $159,498 $1,880 6.68%
    30-36% 219 $30,905,000 $141,119 $1,728 6.67%
    <20% 76 $13,010,000 $171,184 $2,182 6.42%
    49% 73 $11,315,000 $155,000 $1,915 7.19%
    44% 47 $7,505,000 $159,681 $1,883 6.85%
    41% 46 $7,210,000 $156,739 $2,374 6.87%
    47% 44 $5,760,000 $130,909 $1,622 7.03%
    40% 43 $6,675,000 $155,233 $1,951 6.74%
    38% 41 $8,495,000 $207,195 $2,799 6.66%
    37% 40 $5,890,000 $147,250 $1,545 6.53%
    45% 40 $8,530,000 $213,250 $2,762 6.72%
    43% 39 $7,225,000 $185,256 $1,763 6.77%
    36% 38 $6,270,000 $165,000 $1,580 6.71%
    46% 38 $7,010,000 $184,474 $2,037 6.63%
    42% 37 $5,835,000 $157,703 $1,727 6.65%
    48% 36 $6,290,000 $174,722 $2,442 6.72%
    39% 34 $4,760,000 $140,000 $1,818 6.68%
    50-60% 23 $5,695,000 $247,609 $3,897 6.61%
    >60% 2 $550,000 $275,000 $2,598 7.56%

    Sandia Laboratory lent most frequently to those with DTI ratios of 20-30%, with 229 originations. The next most common DTI ratio? 30-36%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 885 $141,965,000 $160,412 $1,913 6.73%
    Not applicable 33 $74,035,000 $2,243,485 $2,274 6.58%
    Not provided 172 $27,620,000 $160,581 $1,885 6.70%
    Asian 36 $9,180,000 $255,000 $2,942 6.36%
    American Indian 29 $4,145,000 $142,931 $1,697 6.86%
    Asian Indian 9 $3,065,000 $340,556 $4,672 6.38%
    Black 20 $2,940,000 $147,000 $2,456 6.78%
    Other Asian 3 $1,525,000 $508,333 $4,942 7.01%
    Filipino 2 $130,000 $65,000 $0 6.51%
    Japanese 1 $105,000 $105,000 $215 5.91%
    Vietnamese 1 $55,000 $55,000 $0 6.13%

    Approval Rates

    Total approvals of all applications
    93.14%

    Sandia Laboratory has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.92%

    Sandia Laboratory has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,191 $264,765,000 $222,305

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,191 $264,765,000 $222,305

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 352 $47,760,000 $135,682 $765 6.98%
    40-60% 102 $80,650,000 $790,686 $2,525 6.79%
    60-80% 174 $59,460,000 $341,724 $3,511 6.35%
    80-100% 117 $43,225,000 $369,444 $4,221 6.15%
    Over 100% 1 $635,000 $635,000 $0 7.00%
    Under 20% 445 $33,035,000 $74,236 $297 6.77%