Sail Mortgage Corp. Rates, Fees & Info

Wexford, PA

LEI: 2549006IYID0ECYSJU25

Tax ID: 25-1613078

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
  • Complaints
  • 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

    Sail Mortgage Corp. is a smaller mortgage company specializing in Refi and Home Purchase loans. Sail Mortgage Corp. 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, Harrisburg, Philadelphia, York, and Lebanon among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sail Mortgage Corp. 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. Sail Mortgage Corp. is typically a high 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.92% 11/17/24
    30 Year Conventional Refi 5.34% 11/17/24
    30 Year Cash-out Refi 5.87% 11/17/24
    30 Year FHA Purchase 6.96% 11/17/24
    30 Year VA Purchase 5.68% 11/17/24
    30 Year USDA Purchase 6.01% 11/17/24
    15 Year Conventional Purchase 5.18% 11/17/24
    15 Year Conventional Refi 5.48% 11/17/24
    15 Year Cash-out Refi 5.48% 11/17/24
    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.

    Sail Mortgage Corp. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sail Mortgage Corp.. 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

    1,114

    Origination Dollar Volume (All Markets)

    $295,820,000
    Show all (7) 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
    PITTSBURGH, PA (FHA|USDA|VA) 1,036 $278,550,000 $268,871 $12,130 2.80%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 34 $7,040,000 $207,059 $3,920 2.87%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $3,490,000 $349,000 $4,658 2.58%
    YORK-HANOVER, PA (FHA|USDA|VA) 4 $930,000 $232,500 $3,968 3.00%
    LEBANON, PA (FHA|USDA|VA) 4 $850,000 $212,500 $3,717 2.72%
    LANCASTER, PA (FHA|USDA|VA) 3 $695,000 $231,667 $3,914 2.63%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $665,000 $221,667 $5,278 2.58%
    Somerset, PA (FHA|USDA|VA) 3 $615,000 $205,000 $3,908 2.58%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $590,000 $147,500 $3,709 2.72%
    ALTOONA, PA (FHA|USDA|VA) 2 $430,000 $215,000 $4,387 2.63%
    Bradford, PA (FHA|USDA|VA) 1 $365,000 $365,000 $8,660 3.63%
    Indiana, PA (FHA|USDA|VA) 1 $305,000 $305,000 $5,060 2.38%
    Huntingdon, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,166 3.00%
    READING, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,430 2.38%
    New Castle, PA (FHA|USDA|VA) 2 $180,000 $90,000 $3,546 2.75%
    Oil City, PA (FHA|USDA|VA) 1 $175,000 $175,000 $4,001 2.88%
    Outside of Metro Areas 1 $155,000 $155,000 $3,909 2.75%
    Pottsville, PA (FHA|USDA|VA) 1 $145,000 $145,000 $3,761 2.38%
    DuBois, PA (FHA|USDA|VA) 1 $145,000 $145,000 $4,265 3.50%
    ERIE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,108 3.00%
    Sail Mortgage Corp.'s top markets include Pittsburgh, Harrisburg, Philadelphia, York, and Lebanon among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sail Mortgage Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Farmers and Merchants Trust Company of Chambersburg
    Similarity Rank: 108
    PATRIOT
    Similarity Rank: 170
    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    ACNB Bank
    Similarity Rank: 448
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 623
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 670

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,003 $276,205,000 $275,379 $12,134 2.78%
    FHA 62 $10,600,000 $170,968 $6,960 2.89%
    USDA 33 $4,395,000 $133,182 $5,183 2.94%
    VA 16 $4,620,000 $288,750 $7,188 3.16%

    For 2020, Sail Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,003 originations. Their 2nd most popular type was FHA, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 491 $133,825,000 $272,556 $4,349 2.71%
    Home Purchase 473 $118,825,000 $251,216 $21,321 2.87%
    Cash Out Refi 150 $43,170,000 $287,800 $4,514 2.87%

    For 2020, Sail Mortgage Corp.'s most frequently cited loan purpose was Refi, with 491 originations. The 2nd most popular reason was Home Purchase, with 473 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 866 $234,620,000 $270,924 $13,708 2.87%
    15 Year 151 $36,375,000 $240,894 $4,106 2.46%
    20 Year 67 $17,625,000 $263,060 $4,140 2.78%
    Other 22 $5,800,000 $263,636 $4,106 2.76%
    10 Year 8 $1,400,000 $175,000 $3,837 2.19%

    For 2020, Sail Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 866 originations. The 2nd most popular length was 15 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,082 $286,260,000 $264,566
    $2k-3k 21 $5,875,000 $279,762
    $3k-4k 4 $1,280,000 $320,000
    $4k-5k 3 $995,000 $331,667
    $5k+ 2 $880,000 $440,000

    Sail Mortgage Corp.'s average total fees were $13,708, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,082 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 504 $132,800,000 $263,492
    <2.5% 371 $103,635,000 $279,340
    3-4% 231 $57,855,000 $250,455
    4-5% 8 $1,530,000 $191,250

    During 2020, Sail Mortgage Corp.'s average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was 2.5-3%, with 504 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 544 $154,250,000 $283,548 $4,766 2.79%
    $100k-200k 339 $53,535,000 $157,920 $26,725 2.83%
    $400k-600k 172 $80,010,000 $465,174 $5,782 2.73%
    $100,000 or less 54 $4,410,000 $81,667 $3,664 2.95%
    $600k-1MM 5 $3,615,000 $723,000 $7,322 3.23%

    2020 saw Sail Mortgage Corp. place emphasis on $200k-400k loans with 544 originations, totaling $154,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 325 $92,615,000 $284,969 $28,280 2.76%
    $150k-250k 253 $88,175,000 $348,518 $4,872 2.76%
    $50k-75k 192 $33,220,000 $173,021 $4,635 2.85%
    $75k-100k 182 $39,580,000 $217,473 $4,413 2.87%
    $50k or less 90 $12,460,000 $138,444 $4,470 2.91%
    $250k+ 71 $29,565,000 $416,408 $5,370 2.71%

    Sail Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 325 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% 357 $94,815,000 $265,588 $4,578 2.78%
    30-36% 244 $65,660,000 $269,098 $4,848 2.87%
    <20% 166 $45,260,000 $272,651 $4,532 2.64%
    42% 37 $10,125,000 $273,649 $210,052 2.77%
    36% 37 $9,355,000 $252,838 $5,124 2.87%
    37% 37 $8,885,000 $240,135 $4,579 2.92%
    40% 33 $8,475,000 $256,818 $5,219 2.83%
    39% 32 $8,800,000 $275,000 $5,212 2.95%
    41% 30 $8,340,000 $278,000 $4,937 2.72%
    38% 28 $7,530,000 $268,929 $4,602 2.88%
    43% 25 $6,265,000 $250,600 $5,390 2.90%
    45% 22 $5,120,000 $232,727 $4,729 2.77%
    44% 22 $6,680,000 $303,636 $5,056 2.87%
    47% 11 $3,015,000 $274,091 $5,790 2.86%
    46% 10 $2,290,000 $229,000 $4,193 3.08%
    49% 9 $1,895,000 $210,556 $4,930 2.86%
    48% 5 $1,005,000 $201,000 $4,459 2.93%
    50-60% 5 $1,165,000 $233,000 $4,802 2.68%
    >60% 2 $590,000 $295,000 $4,475 2.38%

    Sail Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 357 originations. The next most common DTI ratio? 30-36%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,016 $266,560,000 $262,362 $12,212 2.81%
    Asian 47 $15,485,000 $329,468 $5,019 2.58%
    Not provided 29 $8,955,000 $308,793 $4,834 2.70%
    Black 14 $2,660,000 $190,000 $5,231 2.92%
    Native Hawaiian or Islander 5 $1,515,000 $303,000 $3,998 2.95%
    American Indian 3 $645,000 $215,000 $3,850 2.67%

    Approval Rates

    Total approvals of all applications
    98.67%

    Sail Mortgage Corp. 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
    87.97%

    Sail Mortgage Corp. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,114 $295,820,000 $265,548

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,114 $295,820,000 $265,548

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $4,525,000 $196,739 $3,917 2.52%
    40-60% 113 $29,695,000 $262,788 $4,245 2.59%
    60-80% 489 $138,815,000 $283,875 $4,430 2.77%
    80-100% 485 $121,795,000 $251,124 $20,855 2.89%
    Over 100% 4 $990,000 $247,500 $11,494 2.81%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SW Linear Investment Group, LLC Other type of mortgage Trouble during payment process 1 100.0%