Sandia Laboratory Mortgage Rates, Fees & Info
Albuquerque, NMLEI: 549300CIQ950OK0BS407
Tax ID: 85-0113445
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Sandia Laboratory is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Sandia Laboratory has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, San Francisco, and Santa Fe among others. We have data for 4 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 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.
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% | 4/21/24 |
| 30 Year Conventional Refi | 5.96% | 4/21/24 |
| 30 Year Cash-out Refi | 5.94% | 4/21/24 |
| 15 Year Conventional Purchase | 5.21% | 4/21/24 |
| 15 Year Conventional Refi | 5.10% | 4/21/24 |
| 15 Year Cash-out Refi | 5.10% | 4/21/24 |
| 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
700Origination Dollar Volume (All Markets)
$123,740,000Awards
SANDIA LABORATORY - 2019
SANDIA LABORATORY is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for SANDIA LABORATORY?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 598 | $100,700,000 | $168,395 | $1,891 | 4.13% |
| Outside of Metro Areas | 69 | $15,185,000 | $220,072 | $2,342 | 4.19% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $4,820,000 | $344,286 | $3,232 | 4.43% |
| SANTA FE, NM (FHA|USDA|VA) | 19 | $3,035,000 | $159,737 | $1,505 | 4.40% |
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.
Similarity Rank: 60
Similarity Rank: 253
Similarity Rank: 264
Similarity Rank: 486
Similarity Rank: 648
Similarity Rank: 900
Similarity Rank: 910
Similarity Rank: 946
Similarity Rank: 1161
Similarity Rank: 1288
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 700 | $123,740,000 | $176,771 | $1,955 | 4.15% |
For 2019, Sandia Laboratory's most frequently originated type of loan was Conventional, with 700 originations.
Loan Reason
For 2019, Sandia Laboratory's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Cash Out Refi, with 174 originations.
Loan Duration/Length
For 2019, Sandia Laboratory's most frequently cited loan duration was 30 Year, with 342 originations. The 2nd most popular length was 20 Year, with 241 originations.
Origination Fees/Closing Costs
Sandia Laboratory's average total fees were $2,740, 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 |
|---|---|---|---|
| 3-4% | 310 | $73,200,000 | $236,129 |
| 4-5% | 303 | $37,975,000 | $125,330 |
| 5-6% | 55 | $5,285,000 | $96,091 |
| 2.5-3% | 30 | $7,120,000 | $237,333 |
| 6-7% | 2 | $160,000 | $80,000 |
During 2019, Sandia Laboratory's average interest rate for loans was 3.90%, while their most frequently originated rate bucket for loans was 3-4%, with 310 originations.
Loan Sizing
2019 saw Sandia Laboratory place emphasis on $100,000 or less loans with 248 originations, totaling $11,750,000 in origination value.
Applicant Income
Sandia Laboratory lent most frequently to those with incomes in the $100k-150k range, with 198 originations. The second most popular income band? $150k-250k, with 156 originations.
Applicant Debt to Income Ratio
Sandia Laboratory lent most frequently to those with DTI ratios of 20-30%, with 209 originations. The next most common DTI ratio? <20%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.92%
Sandia Laboratory has an average approval rate.
Pick Rate
Approvals leading to origination79.86%
Sandia Laboratory has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 700 | $123,740,000 | $176,771 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 8 | $2,870,000 | $358,750 |
| Single Family (1-4 Units):Site-Built | 692 | $120,870,000 | $174,668 |