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, Chicago, Miami, Houston, and Los Angeles among others. We have data for 66 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% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Refi | 5.68% | 4/18/24 |
| 15 Year Cash-out Refi | 5.68% | 4/18/24 |
| 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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Originations
211Origination Dollar Volume (All Markets)
$73,035,000Top 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) | 28 | $8,040,000 | $287,143 | $0 | 7.37% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 19 | $4,895,000 | $257,632 | $0 | 8.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $4,290,000 | $357,500 | $0 | 7.07% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $4,260,000 | $426,000 | $0 | 7.30% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $3,810,000 | $476,250 | $0 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 8 | $3,490,000 | $436,250 | $0 | 8.11% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $2,610,000 | $435,000 | $0 | 7.65% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $2,060,000 | $515,000 | $0 | 8.09% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $1,815,000 | $1,815,000 | $0 | 7.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $1,760,000 | $220,000 | $0 | 7.64% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $0 | 8.30% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $0 | 7.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $0 | 8.06% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $0 | 6.88% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $1,395,000 | $1,395,000 | $0 | 8.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $0 | 8.30% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $0 | 8.11% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $0 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 7.04% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 7.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 6.33% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 8.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $0 | 7.44% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 8.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 6.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 7.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 7.10% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 8.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 7.91% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 7.44% |
| READING, PA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 8.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 7.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 6.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 7.81% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 7.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 8.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 6.75% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 7.13% |
| Key West, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 6.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 8.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 7.69% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 7.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 7.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 8.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 7.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 9.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 7.42% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.88% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 6.69% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.38% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 211 | $73,035,000 | $346,137 | $0 | 7.57% |
For 2018, Silver Hill Funding's most frequently originated type of loan was Conventional, with 211 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 90 | $29,330,000 | $325,889 | $0 | 7.62% |
| Other | 66 | $25,020,000 | $379,091 | $0 | 7.59% |
| Refi | 55 | $18,685,000 | $339,727 | $0 | 7.46% |
For 2018, Silver Hill Funding's most frequently cited loan purpose was Cash Out Refi, with 90 originations. The 2nd most popular reason was Other, with 66 originations.
Loan Duration/Length
For 2018, Silver Hill Funding's most frequently cited loan duration was 30 Year, with 193 originations. The 2nd most popular length was 10 Year, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 103 | $34,235,000 | $332,379 |
| 6-7% | 53 | $19,405,000 | $366,132 |
| Over 8% | 52 | $17,450,000 | $335,577 |
| 5-6% | 3 | $1,945,000 | $648,333 |
During 2018, Silver Hill Funding's average interest rate for loans was 7.57%, while their most frequently originated rate bucket for loans was 7-8%, with 103 originations.
Loan Sizing
2018 saw Silver Hill Funding place emphasis on $200k-400k loans with 76 originations, totaling $22,210,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.91%
Silver Hill Funding has a below average approval rate.
Pick Rate
Approvals leading to origination-154.50%
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 | 211 | $73,035,000 | $346,137 |