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

Jump to:

  • 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 loans. Sandia Laboratory has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, Hobbs, Santa Fe, Phoenix, and Denver among others. We have data for 32 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% 4/28/24
    30 Year Conventional Refi 5.96% 4/28/24
    30 Year Cash-out Refi 5.94% 4/28/24
    15 Year Conventional Purchase 5.21% 4/28/24
    15 Year Conventional Refi 5.10% 4/28/24
    15 Year Cash-out Refi 5.10% 4/28/24
    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

    751

    Origination Dollar Volume (All Markets)

    $316,985,000

    Awards

    SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans silver SANDIA LABORATORY 30 Year Conventional Loans gold SANDIA LABORATORY 30 Year Conventional Loans silver
    Show all (4) 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) 627 $269,135,000 $429,242 $1,848 4.17%
    Hobbs, NM (FHA|USDA|VA) 1 $14,405,000 $14,405,000 $0 5.25%
    SANTA FE, NM (FHA|USDA|VA) 18 $4,250,000 $236,111 $1,989 4.18%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $3,205,000 $291,364 $2,518 4.79%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,830,000 $471,667 $4,331 4.17%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $2,705,000 $541,000 $1,989 4.11%
    FARMINGTON, NM (FHA|USDA|VA) 14 $2,520,000 $180,000 $1,991 4.11%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $2,145,000 $429,000 $3,997 4.03%
    STOCKTON, CA (FHA|USDA|VA) 7 $2,145,000 $306,429 $2,088 4.25%
    Durango, CO (FHA|USDA|VA) 2 $1,830,000 $915,000 $6,323 4.75%
    Outside of Metro Areas 9 $1,755,000 $195,000 $2,419 4.56%
    Los Alamos, NM (FHA|USDA|VA) 6 $1,320,000 $220,000 $2,602 4.59%
    TUCSON, AZ (FHA|USDA|VA) 6 $1,190,000 $198,333 $1,586 4.16%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,000,000 $250,000 $1,515 4.60%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $985,000 $985,000 $11,249 3.13%
    LAS CRUCES, NM (FHA|USDA|VA) 7 $915,000 $130,714 $1,252 4.25%
    Taos, NM (FHA|USDA|VA) 2 $720,000 $360,000 $1,929 4.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $635,000 $211,667 $1,587 3.96%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $485,000 $485,000 $4,659 4.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $470,000 $235,000 $1,970 3.94%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,835 4.25%
    MODESTO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,860 5.25%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,615 3.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $260,000 $130,000 $2,012 4.09%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,453 4.75%
    Deming, NM (FHA|USDA|VA) 1 $185,000 $185,000 $2,626 3.00%
    LUBBOCK, TX (FHA|USDA|VA) 2 $160,000 $80,000 $1,165 4.13%
    Ruidoso, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,346 4.38%
    EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,740 5.25%
    GREELEY, CO (FHA|USDA|VA) 1 $135,000 $135,000 $1,829 4.90%
    Las Vegas, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,722 5.38%
    Roswell, NM (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
    Sandia Laboratory's top markets include Albuquerque, Hobbs, Santa Fe, Phoenix, 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.

    SANDIA LABORATORY
    Similarity Rank: 256
    GUADALUPE CREDIT UNION
    Similarity Rank: 265
    Del Norte Credit Union
    Similarity Rank: 396
    Enterprise Bank & Trust
    Similarity Rank: 768
    First Financial Credit Union
    Similarity Rank: 869
    SANDIA AREA
    Similarity Rank: 1155
    Kirtland Federal Credit Union
    Similarity Rank: 1176
    NUSENDA
    Similarity Rank: 2040
    First Bank & Trust
    Similarity Rank: 5508
    DELMAR FINANCIAL COMPANY
    Similarity Rank: 5760

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 751 $316,985,000 $422,084 $1,949 4.19%

    For 2022, Sandia Laboratory's most frequently originated type of loan was Conventional, with 751 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 391 $230,985,000 $590,754 $2,392 4.50%
    Cash Out Refi 202 $45,130,000 $223,416 $1,700 3.76%
    Refi 71 $31,495,000 $443,592 $1,877 3.33%
    Other 45 $5,295,000 $117,667 $905 4.49%
    Home Improvement 42 $4,080,000 $97,143 $577 4.65%

    For 2022, Sandia Laboratory's most frequently cited loan purpose was Home Purchase, with 391 originations. The 2nd most popular reason was Cash Out Refi, with 202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 374 $116,320,000 $311,016 $2,877 4.14%
    20 Year 210 $14,970,000 $71,286 $425 4.70%
    15 Year 133 $152,665,000 $1,147,857 $1,860 3.67%
    10 Year 20 $2,250,000 $112,500 $947 2.91%
    Other 12 $30,390,000 $2,532,500 $0 4.77%
    1 Year 1 $55,000 $55,000 $0 4.25%
    5 Year 1 $335,000 $335,000 $0 5.25%

    For 2022, Sandia Laboratory's most frequently cited loan duration was 30 Year, with 374 originations. The 2nd most popular length was 20 Year, with 210 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 637 $128,745,000 $202,111
    $1k-2k 25 $5,745,000 $229,800
    $2k-3k 13 $3,485,000 $268,077
    $3k-4k 6 $3,360,000 $560,000
    $4k-5k 6 $3,730,000 $621,667
    $5k+ 6 $6,190,000 $1,031,667

    Sandia Laboratory's average total fees were $2,877, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 637 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 320 $197,360,000 $616,750
    3-4% 190 $50,610,000 $266,368
    5-6% 116 $41,540,000 $358,103
    <2.5% 60 $10,690,000 $178,167
    2.5-3% 57 $14,865,000 $260,789
    6-7% 8 $1,920,000 $240,000

    During 2022, Sandia Laboratory's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 4-5%, with 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 260 $72,100,000 $277,308 $2,645 4.09%
    $100,000 or less 213 $11,235,000 $52,746 $249 4.51%
    $100k-200k 176 $26,390,000 $149,943 $1,732 3.94%
    $400k-600k 59 $27,505,000 $466,186 $3,535 4.06%
    $600k-1MM 24 $17,640,000 $735,000 $5,828 4.35%
    $1MM+ 19 $162,115,000 $8,532,368 $8,945 4.61%

    2022 saw Sandia Laboratory place emphasis on $200k-400k loans with 260 originations, totaling $72,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 250 $51,090,000 $204,360 $1,883 4.25%
    $150k-250k 169 $43,545,000 $257,663 $2,162 4.17%
    $75k-100k 106 $18,830,000 $177,642 $1,794 4.03%
    $50k-75k 104 $15,230,000 $146,442 $1,567 4.02%
    $250k+ 46 $31,110,000 $676,304 $3,306 4.27%
    $50k or less 35 $3,765,000 $107,571 $1,212 3.91%

    Sandia Laboratory lent most frequently to those with incomes in the $100k-150k range, with 250 originations. The second most popular income band? $150k-250k, with 169 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 211 $43,715,000 $207,180 $1,839 4.05%
    30-36% 148 $29,720,000 $200,811 $1,793 4.20%
    <20% 75 $14,255,000 $190,067 $1,730 3.62%
    37% 34 $6,470,000 $190,294 $1,588 4.30%
    39% 31 $7,235,000 $233,387 $1,977 4.28%
    42% 28 $6,570,000 $234,643 $1,824 4.22%
    41% 28 $7,510,000 $268,214 $2,506 4.17%
    40% 26 $6,010,000 $231,154 $2,447 4.40%
    36% 24 $5,050,000 $210,417 $1,959 4.41%
    44% 21 $4,175,000 $198,810 $2,219 4.76%
    38% 16 $4,450,000 $278,125 $2,069 3.73%
    43% 16 $4,930,000 $308,125 $2,746 4.31%
    45% 15 $3,555,000 $237,000 $2,172 4.53%
    46% 10 $1,960,000 $196,000 $1,974 4.71%
    50-60% 9 $4,055,000 $450,556 $3,699 4.33%
    48% 4 $1,610,000 $402,500 $4,447 5.13%
    49% 3 $1,195,000 $398,333 $3,218 4.13%
    47% 1 $35,000 $35,000 $185 5.65%
    >60% 1 $65,000 $65,000 $0 4.75%

    Sandia Laboratory lent most frequently to those with DTI ratios of 20-30%, with 211 originations. The next most common DTI ratio? 30-36%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 39 $152,715,000 $3,915,769 $2,890 4.86%
    White 545 $126,535,000 $232,174 $1,920 4.18%
    Not provided 95 $21,535,000 $226,684 $2,018 4.01%
    Asian 23 $6,345,000 $275,870 $2,409 4.30%
    American Indian 22 $4,300,000 $195,455 $1,707 4.08%
    Black 14 $2,380,000 $170,000 $1,430 4.33%
    Asian Indian 8 $1,880,000 $235,000 $2,625 4.33%
    Other Asian 2 $550,000 $275,000 $2,285 3.88%
    Korean 2 $390,000 $195,000 $2,692 3.60%
    Native Hawaiian or Islander 1 $355,000 $355,000 $3,142 5.25%

    Approval Rates

    Total approvals of all applications
    93.84%

    Sandia Laboratory has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.90%

    Sandia Laboratory has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 751 $316,985,000 $422,084

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    751 $316,985,000 $422,084

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $7,565,000 $124,016 $1,054 4.02%
    40-60% 103 $78,445,000 $761,602 $1,914 3.61%
    60-80% 262 $173,400,000 $661,832 $2,828 4.13%
    80-100% 134 $47,330,000 $353,209 $3,352 4.23%
    Under 20% 189 $10,135,000 $53,624 $225 4.63%