Mortgage lender · Los Angeles, CA · LEI 5493001K7B4W8IPMZ254

First Standard Financial review: approval odds, rates and grade (2025)

First Standard Financial earns an A, placing it in the top fifth of small mortgage lenders. It turned down 0.0% of the applications it decided on in 2025, which ranks in the 97th percentile for approval odds. Its median loan was priced 0.46 points above the average prime offer rate, ranking in the 31st percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

423Applications2025
100.0%Originatedof applications
0.0%Decision denial ratenational 22.6%
6.88%Median ratenational 6.63%
$294MLoan volume6 states

First Standard Financial at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

0.0%Denial rate (all applications)-17.98 pts vs national
0.0%Denial rate (decided applications)-22.59 pts vs national
100.0%Origination rate+41.97 pts vs national
0.0%Withdrawn by applicant
0.0%Closed for incompleteness
6.88%Median interest rate+0.25 pts vs national
0.46Median rate spread (pts over APOR)+0.20 pts vs national
$615,000Median loan amount
$8,633Median total loan costs
$17kMedian applicant income
70%Median loan-to-value
0High-cost (HOEPA) loans

How the A grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

97th0.0% denied

Pricingmedian rate spread over APOR, weight 30%

31st0.46 pts

Processwithdrawn + incomplete share, weight 15%

95th0.0%

Closing coststotal loan costs ÷ loan amount, weight 10%

69th1.40% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231301300.0%0.0%6.88%$66M
20244414410.0%0.0%7.00%$298M
20254234230.0%0.0%6.88%$294M

What First Standard Financial lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 259 61% · 0.0% denied
Refinance 76 18% · 0.0% denied
Cash-out refinance 88 21% · 0.0% denied

By loan type

Conventional 412 97% · 0.0% denied
FHA 11 3% · 0.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 47 investment properties.

Who gets approved at First Standard Financial

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k3613610.0%
$50k – $100k29290.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–3458580.0%
35–441061060.0%
45–541191190.0%
55–6491910.0%
65–7429290.0%

Where First Standard Financial lends

6 states and 28 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
California3973970.0%6.88%#289
New Jersey18180.0%7.06%#465

Frequently asked questions

First Standard Financial denied 0.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 97th percentile of small mortgage lenders.

The median interest rate on loans First Standard Financial originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.46 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 61% of its applications were for home purchases, 39% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 97% conventional, 3% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with First Standard Financial. Data sources · Methodology