Sandia Laboratory Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 549300CIQ950OK0BS407

Tax ID: 85-0113445

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sandia Laboratory is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Sandia Laboratory has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, Santa Fe, and San Francisco 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% 4/18/24
    30 Year Conventional Refi 5.96% 4/18/24
    30 Year Cash-out Refi 5.94% 4/18/24
    15 Year Conventional Purchase 5.21% 4/18/24
    15 Year Conventional Refi 5.10% 4/18/24
    15 Year Cash-out Refi 5.10% 4/18/24
    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

    1,036

    Origination Dollar Volume (All Markets)

    $262,830,000

    Awards

    SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans bronze
    Show all (3) awards

    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) 893 $190,235,000 $213,029 $1,971 3.41%
    SANTA FE, NM (FHA|USDA|VA) 28 $40,980,000 $1,463,571 $2,189 3.34%
    Outside of Metro Areas 103 $26,775,000 $259,951 $2,612 3.45%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $4,840,000 $403,333 $3,583 3.09%
    Sandia Laboratory's top markets include Albuquerque, Santa Fe, and San Francisco 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.

    RIO GRANDE
    Similarity Rank: 135
    SANDIA LABORATORY
    Similarity Rank: 244
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 299
    First Financial Credit Union
    Similarity Rank: 429
    STATE EMPLOYEES
    Similarity Rank: 730
    First American Bank
    Similarity Rank: 760
    Del Norte Credit Union
    Similarity Rank: 1044
    SANDIA AREA
    Similarity Rank: 1341
    Kirtland Federal Credit Union
    Similarity Rank: 2133
    BKCO MORTGAGE, LLC
    Similarity Rank: 2904

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,036 $262,830,000 $253,697 $2,061 3.41%

    For 2020, Sandia Laboratory's most frequently originated type of loan was Conventional, with 1,036 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 415 $131,315,000 $316,422 $2,064 3.60%
    Cash Out Refi 323 $70,395,000 $217,941 $2,087 3.28%
    Refi 245 $56,675,000 $231,327 $2,272 3.15%
    Home Improvement 30 $2,310,000 $77,000 $684 4.00%
    Other 23 $2,135,000 $92,826 $1,035 3.65%

    For 2020, Sandia Laboratory's most frequently cited loan purpose was Home Purchase, with 415 originations. The 2nd most popular reason was Cash Out Refi, with 323 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 562 $148,350,000 $263,968 $2,651 3.22%
    20 Year 280 $21,750,000 $77,679 $684 4.04%
    15 Year 148 $83,860,000 $566,622 $2,317 3.04%
    10 Year 42 $8,070,000 $192,143 $2,177 2.88%
    Other 4 $800,000 $200,000 $0 4.75%

    For 2020, Sandia Laboratory's most frequently cited loan duration was 30 Year, with 562 originations. The 2nd most popular length was 20 Year, with 280 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 790 $139,330,000 $176,367
    $1k-2k 153 $35,035,000 $228,987
    $2k-3k 39 $15,125,000 $387,821
    $3k-4k 17 $9,545,000 $561,471
    $4k-5k 6 $3,870,000 $645,000
    $5k+ 2 $2,010,000 $1,005,000

    Sandia Laboratory's average total fees were $2,651, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 790 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 574 $115,830,000 $201,794
    2.5-3% 335 $82,925,000 $247,537
    4-5% 118 $62,080,000 $526,102
    <2.5% 9 $1,995,000 $221,667

    During 2020, Sandia Laboratory's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 574 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 367 $100,515,000 $273,883 $2,651 3.17%
    $100k-200k 300 $45,220,000 $150,733 $2,068 3.23%
    $100,000 or less 269 $13,085,000 $48,643 $364 3.99%
    $400k-600k 75 $36,085,000 $481,133 $3,811 3.17%
    $600k-1MM 18 $12,480,000 $693,333 $6,760 3.08%
    $1MM+ 7 $55,445,000 $7,920,714 $10,437 4.16%

    2020 saw Sandia Laboratory place emphasis on $200k-400k loans with 367 originations, totaling $100,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 311 $62,875,000 $202,170 $2,027 3.41%
    $150k-250k 253 $64,665,000 $255,593 $2,259 3.35%
    $75k-100k 160 $24,440,000 $152,750 $1,810 3.41%
    $50k-75k 134 $18,180,000 $135,672 $1,791 3.42%
    $50k or less 74 $8,100,000 $109,459 $1,609 3.44%
    $250k+ 71 $24,995,000 $352,042 $3,204 3.29%

    Sandia Laboratory lent most frequently to those with incomes in the $100k-150k range, with 311 originations. The second most popular income band? $150k-250k, with 253 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 348 $73,040,000 $209,885 $2,072 3.37%
    <20% 211 $40,935,000 $194,005 $2,127 3.22%
    30-36% 194 $39,230,000 $202,216 $2,062 3.46%
    38% 34 $5,870,000 $172,647 $1,519 3.45%
    36% 30 $5,830,000 $194,333 $2,122 3.38%
    43% 29 $4,915,000 $169,483 $1,938 3.64%
    41% 28 $4,580,000 $163,571 $1,737 3.49%
    37% 27 $6,755,000 $250,185 $2,211 3.49%
    39% 26 $4,740,000 $182,308 $1,870 3.53%
    40% 24 $4,630,000 $192,917 $2,357 3.58%
    42% 21 $4,295,000 $204,524 $2,051 3.46%
    45% 9 $1,575,000 $175,000 $1,555 3.86%
    44% 8 $2,720,000 $340,000 $3,349 3.23%
    46% 7 $1,735,000 $247,857 $1,907 3.46%
    48% 3 $615,000 $205,000 $2,154 3.25%
    47% 2 $680,000 $340,000 $3,623 3.06%
    49% 1 $25,000 $25,000 $0 4.00%
    50-60% 1 $575,000 $575,000 $6,260 3.25%

    Sandia Laboratory lent most frequently to those with DTI ratios of 20-30%, with 348 originations. The next most common DTI ratio? <20%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 806 $159,080,000 $197,370 $2,028 3.41%
    Not applicable 17 $56,655,000 $3,332,647 $0 4.51%
    Not provided 143 $31,585,000 $220,874 $2,212 3.24%
    Asian 19 $5,385,000 $283,421 $2,563 3.28%
    Black 21 $3,615,000 $172,143 $1,708 3.52%
    American Indian 16 $2,760,000 $172,500 $1,711 3.48%
    Other Asian 2 $900,000 $450,000 $5,325 3.31%
    Filipino 2 $680,000 $340,000 $3,165 3.63%
    Chinese 3 $615,000 $205,000 $1,832 3.58%
    Vietnamese 3 $585,000 $195,000 $2,048 3.13%
    Native Hawaiian or Islander 2 $430,000 $215,000 $2,176 4.06%
    Japanese 1 $345,000 $345,000 $3,176 3.13%
    Asian Indian 1 $195,000 $195,000 $1,186 3.00%

    Approval Rates

    Total approvals of all applications
    95.16%

    Sandia Laboratory 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
    65.64%

    Sandia Laboratory has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,036 $262,830,000 $253,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $55,785,000 $5,071,364
    Single Family (1-4 Units):Site-Built 1,025 $207,045,000 $201,995

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $10,180,000 $141,389 $1,638 3.25%
    40-60% 105 $23,625,000 $225,000 $2,357 3.06%
    60-80% 457 $167,735,000 $367,035 $2,610 3.19%
    80-100% 176 $50,510,000 $286,989 $2,946 3.22%
    Under 20% 226 $10,780,000 $47,699 $177 4.20%