Sandia Area Mortgage Rates, Fees & Info
Albuquerque, NMLEI: 549300L3IHIP0RH6IY76
Tax ID: 85-0128861
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sandia Area is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. Sandia Area has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, Santa Fe, Dallas, Los Angeles, and Las Cruces among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Sandia Area has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
425Origination Dollar Volume (All Markets)
$48,165,000Top 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) | 370 | $37,580,000 | $101,568 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 33 | $3,375,000 | $102,273 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $2,460,000 | $1,230,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 10 | $1,000,000 | $100,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $865,000 | $288,333 | $0 | 0.00% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Grants, NM (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Española, NM (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SANDIA AREA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 336
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 425 | $48,165,000 | $113,329 | $0 | 0.00% |
For 2024, Sandia Area's most frequently originated type of loan was Conventional, with 425 originations.
Loan Reason
For 2024, Sandia Area's most frequently cited loan purpose was Home Improvement, with 170 originations. The 2nd most popular reason was Refi, with 106 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 425 | $48,165,000 | $113,329 | $0 | 0.00% |
For 2024, Sandia Area's most frequently cited loan duration was Other, with 425 originations.
Loan Sizing
2024 saw Sandia Area place emphasis on $100,000 or less loans with 290 originations, totaling $16,150,000 in origination value.
Applicant Income
Sandia Area lent most frequently to those with incomes in the $100k-150k range, with 122 originations. The second most popular income band? $150k-250k, with 104 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 425 | $48,165,000 | $113,329 | $0 | 0.00% |
Sandia Area lent most frequently to those with DTI ratios of Exempt%, with 425 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.62%
Sandia Area has a below average approval rate.
Pick Rate
Approvals leading to origination77.65%
Sandia Area has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 425 | $48,165,000 | $113,329 |