Silver Hill Funding Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300038578ZJ284Y20

Tax ID: 35-2551832

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Silver Hill Funding is a smaller mortgage company specializing in Cash Out Refi and NA loans. Silver Hill Funding has a high proportion of conventional loans. Their top markets include New York, Los Angeles, Chicago, Atlanta, and New Haven among others. Silver Hill Funding has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

641

Origination Dollar Volume (All Markets)

$257,705,000

Relative Rate

Silver Hill Funding 's average 30 year fixed rate mortgage of loans were 5.53%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 2.38%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 63 $29,025,000 $460,714 $0 5.37%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 28 $19,540,000 $697,857 $0 5.54%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 45 $17,875,000 $397,222 $0 6.18%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 35 $14,695,000 $419,857 $0 5.06%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 26 $11,010,000 $423,462 $0 5.40%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 33 $9,965,000 $301,970 $0 6.20%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $7,640,000 $477,500 $0 6.09%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 12 $7,440,000 $620,000 $0 5.26%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 27 $6,475,000 $239,815 $0 5.45%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 11 $6,405,000 $582,273 $0 6.20%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 19 $5,795,000 $305,000 $0 5.80%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $5,750,000 $958,333 $0 5.94%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $5,175,000 $575,000 $0 5.08%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 14 $5,150,000 $367,857 $0 5.84%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $4,525,000 $348,077 $0 5.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $4,265,000 $473,889 $0 5.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $3,645,000 $405,000 $0 4.56%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $3,640,000 $606,667 $0 5.75%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 11 $3,575,000 $325,000 $0 5.18%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 12 $3,170,000 $264,167 $0 5.80%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 11 $2,885,000 $262,273 $0 5.02%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $2,785,000 $557,000 $0 6.08%
BATON ROUGE, LA (FHA|USDA|VA) 19 $2,675,000 $140,789 $0 4.62%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $2,500,000 $625,000 $0 5.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $2,215,000 $738,333 $0 5.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $2,120,000 $265,000 $0 5.42%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 4 $2,060,000 $515,000 $0 5.56%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $0 4.69%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 4.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,945,000 $648,333 $0 5.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,930,000 $965,000 $0 5.19%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,895,000 $631,667 $0 5.96%
ANCHORAGE, AK (FHA|USDA|VA) 2 $1,830,000 $915,000 $0 5.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,765,000 $588,333 $0 4.92%
AKRON, OH (FHA|USDA|VA) 5 $1,665,000 $333,000 $0 7.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,630,000 $815,000 $0 6.56%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,600,000 $800,000 $0 7.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $1,550,000 $387,500 $0 5.88%
Outside of Metro Areas 3 $1,425,000 $475,000 $0 4.71%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,330,000 $665,000 $0 5.56%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $1,285,000 $428,333 $0 4.42%
STOCKTON, CA (FHA|USDA|VA) 2 $1,270,000 $635,000 $0 5.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,200,000 $600,000 $0 5.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,155,000 $231,000 $0 5.43%
LANCASTER, PA (FHA|USDA|VA) 8 $1,150,000 $143,750 $0 4.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $0 7.75%
JACKSON, MS (FHA|USDA|VA) 2 $1,110,000 $555,000 $0 7.38%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 5.63%
PITTSBURGH, PA (FHA|USDA|VA) 5 $1,065,000 $213,000 $0 5.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $995,000 $995,000 $0 7.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $980,000 $245,000 $0 6.69%
ROCHESTER, NY (FHA|USDA|VA) 4 $970,000 $242,500 $0 4.72%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $950,000 $475,000 $0 6.94%
ASHEVILLE, NC (FHA|USDA|VA) 2 $940,000 $470,000 $0 6.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $920,000 $460,000 $0 7.06%
HAMMOND, LA (FHA|USDA|VA) 6 $890,000 $148,333 $0 3.88%
LINCOLN, NE (FHA|USDA|VA) 2 $850,000 $425,000 $0 4.88%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $785,000 $261,667 $0 7.13%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $770,000 $385,000 $0 6.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $755,000 $755,000 $0 6.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $745,000 $248,333 $0 4.54%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $695,000 $231,667 $0 4.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $695,000 $139,000 $0 4.53%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $695,000 $695,000 $0 7.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $680,000 $340,000 $0 5.31%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $675,000 $225,000 $0 5.42%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $675,000 $675,000 $0 5.50%
VISALIA, CA (FHA|USDA|VA) 1 $645,000 $645,000 $0 5.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $620,000 $155,000 $0 5.56%
TOLEDO, OH (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $595,000 $595,000 $0 3.88%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $585,000 $585,000 $0 5.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $555,000 $185,000 $0 5.25%
TUCSON, AZ (FHA|USDA|VA) 2 $540,000 $270,000 $0 5.38%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $525,000 $525,000 $0 6.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 5.88%
Torrington, CT (FHA|USDA|VA) 2 $500,000 $250,000 $0 6.50%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $495,000 $495,000 $0 5.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $470,000 $235,000 $0 4.69%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $450,000 $225,000 $0 4.94%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $445,000 $445,000 $0 6.63%
READING, PA (FHA|USDA|VA) 2 $430,000 $215,000 $0 5.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $430,000 $215,000 $0 4.25%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $425,000 $141,667 $0 6.08%
FRESNO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.38%
LUBBOCK, TX (FHA|USDA|VA) 3 $405,000 $135,000 $0 4.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.88%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $400,000 $200,000 $0 6.31%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.25%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $380,000 $190,000 $0 5.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 6.88%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.88%
Show Low, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $310,000 $155,000 $0 5.63%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.88%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $290,000 $145,000 $0 5.31%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.13%
KINGSTON, NY (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.63%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $270,000 $135,000 $0 6.56%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.81%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.50%
MODESTO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.38%
ROCKFORD, IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.38%
BURLINGTON, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.25%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.25%
RACINE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
RICHMOND, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.25%
LAFAYETTE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%

Silver Hill Funding 's top markets include New York, Los Angeles, Chicago, Atlanta, and New Haven among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 641 $257,705,000 $402,036 $0 5.56%

For the 2021 period, Silver Hill Funding 's most frequently originated loan type of loans were Conventional, with 641 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 311 $119,645,000 $384,711 $0 5.27%
NA 232 $93,890,000 $404,698 $0 5.97%
Refi 98 $44,170,000 $450,714 $0 5.49%

For the 2021, Silver Hill Funding 's most frequently cited loan purpose of loans were Cash Out Refi, with 311 originations. The 2nd most popular reason of loans were NA, with 232 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 628 $252,290,000 $401,736 $0 5.53%
Other 11 $4,965,000 $451,364 $0 6.74%
15 Year 2 $450,000 $225,000 $0 6.25%

For the 2021, Silver Hill Funding 's most frequently cited loan length of loans were 30 Year, with 628 originations. The 2nd most popular length of loans were Other, with 11 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 203 $74,075,000 $364,901
5-6% 186 $87,550,000 $470,699
6-7% 116 $47,110,000 $406,121
7-8% 61 $25,425,000 $416,803
3-4% 57 $20,085,000 $352,368
Over 8% 18 $3,460,000 $192,222

During 2021, Silver Hill Funding 's average interest rate of loans were 5.53%, while their most frequently originated rate bucket of loans were 4-5%, with 203 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 209 $57,815,000 $276,627 $0 5.54%
$100k-200k 193 $28,835,000 $149,404 $0 5.49%
$400k-600k 109 $53,565,000 $491,422 $0 5.73%
$600k-1MM 76 $58,540,000 $770,263 $0 5.68%
$1MM+ 43 $58,005,000 $1,348,953 $0 5.41%
$100,000 or less 11 $945,000 $85,909 $0 5.17%

2021 saw Silver Hill Funding place emphasis on $200k-400k loans with 209 originations, totaling $57,815,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 573 $226,895,000 $395,977 $0 5.45%
White 30 $14,410,000 $480,333 $0 6.40%
Not provided 27 $12,535,000 $464,259 $0 6.29%
Asian 6 $2,350,000 $391,667 $0 6.56%
Black 5 $1,515,000 $303,000 $0 7.15%

Approval Rates

Total approvals of all applications
79.50%

Silver Hill Funding has a below average approval rate.

Pick Rate

Approvals leading to origination
-65.80%

Silver Hill Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 641 $257,705,000 $402,036

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
641 $257,705,000 $402,036

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 21 $9,565,000 $455,476 $0 5.67%
40-60% 77 $45,345,000 $588,896 $0 5.29%
60-80% 502 $192,230,000 $382,928 $0 5.61%
80-100% 41 $10,565,000 $257,683 $0 5.36%