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, NA, and Refi loans. Silver Hill Funding has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Miami, Philadelphia, and Chicago among others. We have data for 117 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% | 5/5/24 |
| 30 Year Cash-out Refi | 6.27% | 5/5/24 |
| 15 Year Conventional Refi | 5.68% | 5/5/24 |
| 15 Year Cash-out Refi | 5.68% | 5/5/24 |
| 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
886Origination Dollar Volume (All Markets)
$392,150,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 320 | $145,340,000 | $454,188 | $0 | 7.21% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 62 | $25,920,000 | $418,065 | $0 | 7.30% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 22 | $16,300,000 | $740,909 | $0 | 7.11% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 39 | $14,925,000 | $382,692 | $0 | 7.35% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 30 | $10,940,000 | $364,667 | $0 | 7.54% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 26 | $10,220,000 | $393,077 | $0 | 7.71% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 22 | $9,020,000 | $410,000 | $0 | 7.62% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $6,725,000 | $448,333 | $0 | 7.60% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $6,225,000 | $565,909 | $0 | 7.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $5,805,000 | $527,727 | $0 | 7.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $5,175,000 | $470,455 | $0 | 7.36% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 20 | $5,130,000 | $256,500 | $0 | 7.46% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $4,945,000 | $706,429 | $0 | 7.77% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $4,375,000 | $625,000 | $0 | 7.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $4,120,000 | $686,667 | $0 | 7.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $4,010,000 | $1,002,500 | $0 | 7.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $3,755,000 | $536,429 | $0 | 7.30% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $3,550,000 | $443,750 | $0 | 7.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 10 | $3,450,000 | $345,000 | $0 | 7.53% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 11 | $3,365,000 | $305,909 | $0 | 7.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $3,305,000 | $472,143 | $0 | 7.86% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $3,305,000 | $472,143 | $0 | 8.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $3,130,000 | $782,500 | $0 | 7.03% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 8 | $2,770,000 | $346,250 | $0 | 7.66% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $2,735,000 | $547,000 | $0 | 7.70% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 8 | $2,640,000 | $330,000 | $0 | 7.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $2,480,000 | $1,240,000 | $0 | 6.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,465,000 | $493,000 | $0 | 7.05% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,250,000 | $562,500 | $0 | 7.28% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $2,090,000 | $1,045,000 | $0 | 6.69% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $0 | 6.66% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 7 | $2,065,000 | $295,000 | $0 | 8.23% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,060,000 | $1,030,000 | $0 | 6.81% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 7 | $1,955,000 | $279,286 | $0 | 8.70% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,955,000 | $391,000 | $0 | 7.40% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $1,780,000 | $890,000 | $0 | 6.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $0 | 7.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $0 | 7.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 6.38% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $0 | 8.97% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 7.29% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $0 | 6.79% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $0 | 6.56% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $0 | 7.71% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $0 | 8.04% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $0 | 7.41% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 7.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $0 | 7.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 6.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $0 | 8.08% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 5.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $0 | 8.31% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 7.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 6.44% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $0 | 7.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $0 | 7.27% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 7.31% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 7.59% |
| AKRON, OH (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 7.79% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 6.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 7.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 6.92% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 8.04% |
| OCALA, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 6.96% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 8.04% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 6.81% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 6.84% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 7.44% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 8.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 7.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 8.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 8.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 8.31% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 6.94% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 7.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 6.63% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 6.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 7.50% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 7.19% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 6.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 8.38% |
| TYLER, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 7.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 8.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 7.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 7.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 9.38% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 6.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 5.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 8.63% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 6.25% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 8.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 7.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 7.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 9.25% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 8.63% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 7.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 7.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.31% |
| Torrington, CT (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 6.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 7.06% |
| ERIE, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 9.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 7.13% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.13% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 9.38% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.63% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.75% |
| RACINE, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.50% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 886 | $392,150,000 | $442,607 | $0 | 7.40% |
For 2019, Silver Hill Funding's most frequently originated type of loan was Conventional, with 886 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 437 | $193,675,000 | $443,192 | $0 | 7.44% |
| NA | 296 | $118,830,000 | $401,453 | $0 | 7.40% |
| Refi | 153 | $79,645,000 | $520,556 | $0 | 7.30% |
For 2019, Silver Hill Funding's most frequently cited loan purpose was Cash Out Refi, with 437 originations. The 2nd most popular reason was NA, with 296 originations.
Loan Duration/Length
For 2019, Silver Hill Funding's most frequently cited loan duration was 30 Year, with 865 originations. The 2nd most popular length was 20 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 326 | $132,640,000 | $406,871 |
| 6-7% | 312 | $168,240,000 | $539,231 |
| Over 8% | 203 | $63,185,000 | $311,256 |
| 5-6% | 45 | $28,085,000 | $624,111 |
During 2019, Silver Hill Funding's average interest rate for loans was 7.41%, while their most frequently originated rate bucket for loans was 7-8%, with 326 originations.
Loan Sizing
2019 saw Silver Hill Funding place emphasis on $200k-400k loans with 324 originations, totaling $92,880,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.47%
Silver Hill Funding has a below average approval rate.
Pick Rate
Approvals leading to origination-68.17%
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 | 886 | $392,150,000 | $442,607 |