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 and Home Purchase loans. Sandia Area has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Albuquerque, Santa Fe, Dallas, Atlanta, and Silver City among others. We have data for 8 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
370Origination Dollar Volume (All Markets)
$41,060,000Top 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) | 339 | $36,725,000 | $108,333 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 25 | $3,035,000 | $121,400 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Silver City, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Grants, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $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: 176
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 369 | $40,715,000 | $110,339 | $0 | 0.00% |
| FHA | 1 | $345,000 | $345,000 | $0 | 0.00% |
For 2023, Sandia Area's most frequently originated type of loan was Conventional, with 369 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2023, Sandia Area's most frequently cited loan purpose was Home Improvement, with 151 originations. The 2nd most popular reason was Other, with 124 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 370 | $41,060,000 | $110,973 | $0 | 0.00% |
For 2023, Sandia Area's most frequently cited loan duration was Other, with 370 originations.
Loan Sizing
2023 saw Sandia Area place emphasis on $100,000 or less loans with 265 originations, totaling $13,705,000 in origination value.
Applicant Income
Sandia Area lent most frequently to those with incomes in the $100k-150k range, with 114 originations. The second most popular income band? $150k-250k, with 84 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 370 | $41,060,000 | $110,973 | $0 | 0.00% |
Sandia Area lent most frequently to those with DTI ratios of Exempt%, with 370 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.90%
Sandia Area has a below average approval rate.
Pick Rate
Approvals leading to origination80.81%
Sandia Area has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 370 | $41,060,000 | $110,973 |