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 and Home Purchase loans. Silver Hill Funding has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Atlanta, Miami, and Chicago among others. We have data for 111 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 Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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. | ||
Silver Hill Funding Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
480Origination Dollar Volume (All Markets)
$224,800,000Relative Rate
Silver Hill Funding's average 30 year fixed mortgage rate was
8.8%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 2.25%.
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) | 62 | $38,310,000 | $617,903 | $0 | 8.69% |
| Outside of Metro Areas | 25 | $10,555,000 | $422,200 | $0 | 9.26% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 12 | $9,980,000 | $831,667 | $0 | 9.22% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 25 | $9,455,000 | $378,200 | $0 | 8.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 18 | $8,590,000 | $477,222 | $0 | 9.29% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 23 | $8,575,000 | $372,826 | $0 | 10.02% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 29 | $8,265,000 | $285,000 | $0 | 8.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $6,565,000 | $596,818 | $0 | 9.40% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $5,850,000 | $975,000 | $0 | 9.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $5,800,000 | $966,667 | $0 | 9.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $4,915,000 | $702,143 | $0 | 9.77% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $4,540,000 | $756,667 | $0 | 10.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $4,465,000 | $405,909 | $0 | 9.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $4,110,000 | $685,000 | $0 | 9.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $3,900,000 | $975,000 | $0 | 9.59% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $3,565,000 | $509,286 | $0 | 8.32% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $3,395,000 | $485,000 | $0 | 9.61% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 8 | $3,280,000 | $410,000 | $0 | 9.86% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $3,225,000 | $645,000 | $0 | 9.30% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $2,705,000 | $300,556 | $0 | 8.86% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $2,610,000 | $652,500 | $0 | 8.94% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $0 | 8.56% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $2,210,000 | $1,105,000 | $0 | 8.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $2,135,000 | $2,135,000 | $0 | 8.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $0 | 8.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $2,020,000 | $336,667 | $0 | 8.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $0 | 9.41% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,945,000 | $648,333 | $0 | 9.83% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $1,940,000 | $242,500 | $0 | 8.30% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $0 | 8.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $0 | 9.48% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $0 | 8.46% |
| AKRON, OH (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $0 | 9.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $0 | 7.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $0 | 8.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $0 | 9.20% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 8.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $0 | 10.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $0 | 9.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $0 | 6.75% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 8.81% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 10.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 8.72% |
| BINGHAMTON, NY (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $0 | 10.47% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 8.94% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 10.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 9.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 8.38% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 8.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 11.44% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $0 | 9.66% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 7.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 9.10% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 9.69% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 10.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 9.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 8.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 8.56% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 9.04% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 8.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 8.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 8.78% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 8.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 9.38% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 8.63% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 8.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 11.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 7.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 9.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 9.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 9.67% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 8.58% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 7.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 7.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 11.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 12.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 10.25% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 8.88% |
| Lake City, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 6.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 9.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 11.13% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.50% |
| READING, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.38% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 10.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.38% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 7.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.88% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.44% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.25% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.13% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 12.13% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.25% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.63% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 480 | $224,800,000 | $468,333 | $0 | 9.04% |
For 2024, Silver Hill Funding's most frequently originated type of loan was Conventional, with 480 originations.
Loan Reason
For 2024, Silver Hill Funding's most frequently cited loan purpose was Cash Out Refi, with 239 originations. The 2nd most popular reason was Home Purchase, with 175 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 406 | $179,050,000 | $441,010 | $0 | 8.80% |
| Other | 69 | $42,825,000 | $620,652 | $0 | 10.36% |
| 15 Year | 5 | $2,925,000 | $585,000 | $0 | 9.83% |
For 2024, Silver Hill Funding's most frequently cited loan duration was 30 Year, with 406 originations. The 2nd most popular length was Other, with 69 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 348 | $184,130,000 | $529,109 |
| 7-8% | 101 | $30,705,000 | $304,010 |
| 6-7% | 31 | $9,965,000 | $321,452 |
During 2024, Silver Hill Funding's average interest rate for loans was 8.80%, while their most frequently originated rate bucket for loans was Over 8%, with 348 originations.
Loan Sizing
2024 saw Silver Hill Funding place emphasis on $200k-400k loans with 176 originations, totaling $50,890,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.52%
Silver Hill Funding has a below average approval rate.
Pick Rate
Approvals leading to origination-130.63%
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 | 480 | $224,800,000 | $468,333 |