Silver Hill Funding Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300038578ZJ284Y20
Tax ID: 35-2551832
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Mortgage Data
Review & Overview
Silver Hill Funding is a smaller mortgage company specializing in Cash Out Refi, Other, and Refi loans. Silver Hill Funding has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Atlanta, Philadelphia, and Tampa among others. We have data for 129 markets. (Some data included below & more in-depth data is available with an active subscription.)Silver Hill Funding 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. They typically have relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
542Origination Dollar Volume (All Markets)
$208,830,000Relative Rate
Silver Hill Funding's average 30 year fixed mortgage rate was
8.66%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 2.18%.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 54 | $32,540,000 | $602,593 | $0 | 8.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $13,870,000 | $630,455 | $0 | 9.28% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 33 | $12,855,000 | $389,545 | $0 | 9.33% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 45 | $9,445,000 | $209,889 | $0 | 8.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $8,095,000 | $899,444 | $0 | 8.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 12 | $7,840,000 | $653,333 | $0 | 8.82% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 28 | $6,840,000 | $244,286 | $0 | 9.46% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $5,765,000 | $339,118 | $0 | 8.86% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $5,265,000 | $752,143 | $0 | 9.77% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 12 | $4,400,000 | $366,667 | $0 | 8.14% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $4,340,000 | $434,000 | $0 | 8.36% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $3,695,000 | $410,556 | $0 | 8.64% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $3,545,000 | $709,000 | $0 | 8.70% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $3,455,000 | $691,000 | $0 | 8.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $2,750,000 | $458,333 | $0 | 8.69% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,745,000 | $549,000 | $0 | 7.30% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 11 | $2,635,000 | $239,545 | $0 | 8.23% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $2,320,000 | $1,160,000 | $0 | 8.31% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $0 | 8.59% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $0 | 10.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $0 | 9.78% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,850,000 | $462,500 | $0 | 10.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $0 | 8.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $0 | 9.04% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $0 | 9.53% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $0 | 9.43% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $0 | 8.94% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 11.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $1,550,000 | $775,000 | $0 | 8.25% |
| JACKSON, MS (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $0 | 8.02% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $0 | 9.03% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $0 | 9.18% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $0 | 8.93% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $0 | 7.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $0 | 7.85% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 9.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $0 | 8.00% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $0 | 7.89% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $0 | 9.69% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 11.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $0 | 8.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $0 | 8.44% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $0 | 8.45% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 9.29% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $995,000 | $142,143 | $0 | 8.46% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 9.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $0 | 8.40% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 8.46% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 8.46% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 7.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 10.17% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 9.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 8.75% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 7.69% |
| NAPA, CA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 8.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 9.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 7.06% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 7.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 7.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 8.33% |
| OCALA, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 10.38% |
| Outside of Metro Areas | 1 | $665,000 | $665,000 | $0 | 7.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $0 | 8.83% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 9.19% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 8.04% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 8.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $0 | 8.75% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 9.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 10.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 9.94% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 8.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 9.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 9.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 9.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 9.34% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 9.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 9.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 10.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 7.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 9.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 8.56% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 8.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 8.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 10.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 7.42% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 8.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 8.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 8.63% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 11.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 8.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 9.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 8.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 8.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.63% |
| Wilson, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 8.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 10.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 10.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.13% |
| Brownsville, TN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 8.25% |
| READING, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 7.75% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 10.75% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.63% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.38% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.13% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.63% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.63% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.13% |
| FLINT, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.38% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.00% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.38% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.50% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.50% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 542 | $208,830,000 | $385,295 | $0 | 8.73% |
For 2023, Silver Hill Funding's most frequently originated type of loan was Conventional, with 542 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 255 | $100,835,000 | $395,431 | $0 | 8.56% |
| Other | 181 | $63,335,000 | $349,917 | $0 | 9.10% |
| Refi | 106 | $44,660,000 | $421,321 | $0 | 8.50% |
For 2023, Silver Hill Funding's most frequently cited loan purpose was Cash Out Refi, with 255 originations. The 2nd most popular reason was Other, with 181 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 517 | $194,085,000 | $375,406 | $0 | 8.66% |
| Other | 22 | $13,750,000 | $625,000 | $0 | 10.23% |
| 15 Year | 3 | $995,000 | $331,667 | $0 | 9.33% |
For 2023, Silver Hill Funding's most frequently cited loan duration was 30 Year, with 517 originations. The 2nd most popular length was Other, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 352 | $148,350,000 | $421,449 |
| 7-8% | 168 | $54,660,000 | $325,357 |
| 6-7% | 22 | $5,820,000 | $264,545 |
During 2023, Silver Hill Funding's average interest rate for loans was 8.66%, while their most frequently originated rate bucket for loans was Over 8%, with 352 originations.
Loan Sizing
2023 saw Silver Hill Funding place emphasis on $200k-400k loans with 194 originations, totaling $54,660,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.17%
Silver Hill Funding has a below average approval rate.
Pick Rate
Approvals leading to origination-22.69%
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 | 542 | $208,830,000 | $385,295 |