Silver Hill Funding Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 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, Chicago, and Los Angeles among others. We have data for 86 markets. (Some data included below & more in-depth data is available with an active subscription.)

Silver Hill Funding has a below 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
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.

Silver Hill Funding Mortgage Calculator






Your Estimates

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This is not an official calculator from Silver Hill Funding. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

309

Origination Dollar Volume (All Markets)

$136,105,000

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) 36 $17,020,000 $472,778 $0 6.66%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $10,165,000 $441,957 $0 7.12%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $7,335,000 $564,231 $0 7.45%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 22 $6,560,000 $298,182 $0 7.18%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 14 $6,450,000 $460,714 $0 6.64%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $5,555,000 $793,571 $0 6.70%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $4,895,000 $445,000 $0 6.28%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $4,260,000 $426,000 $0 6.74%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 12 $3,760,000 $313,333 $0 7.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $3,570,000 $595,000 $0 6.79%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 7 $2,965,000 $423,571 $0 5.96%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $2,715,000 $905,000 $0 6.92%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $2,265,000 $323,571 $0 7.52%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $2,165,000 $309,286 $0 7.41%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $2,130,000 $1,065,000 $0 6.06%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $2,025,000 $675,000 $0 6.79%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,950,000 $487,500 $0 6.34%
Outside of Metro Areas 3 $1,905,000 $635,000 $0 6.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $1,905,000 $1,905,000 $0 6.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,890,000 $472,500 $0 6.50%
YAKIMA, WA (FHA|USDA|VA) 3 $1,855,000 $618,333 $0 6.83%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $1,795,000 $598,333 $0 6.42%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $1,795,000 $359,000 $0 6.93%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $1,780,000 $890,000 $0 6.69%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,730,000 $432,500 $0 5.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,655,000 $551,667 $0 6.29%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,630,000 $815,000 $0 5.94%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,415,000 $471,667 $0 6.63%
TOLEDO, OH (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 7.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 6.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,245,000 $415,000 $0 6.54%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,180,000 $196,667 $0 6.60%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,180,000 $590,000 $0 6.94%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $1,110,000 $555,000 $0 7.19%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $1,020,000 $255,000 $0 7.19%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $940,000 $470,000 $0 6.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $885,000 $885,000 $0 7.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $880,000 $440,000 $0 5.75%
STOCKTON, CA (FHA|USDA|VA) 1 $855,000 $855,000 $0 7.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $845,000 $845,000 $0 6.38%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $820,000 $205,000 $0 6.53%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $805,000 $268,333 $0 7.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $775,000 $258,333 $0 7.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $760,000 $380,000 $0 7.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $745,000 $745,000 $0 7.63%
PITTSBURGH, PA (FHA|USDA|VA) 3 $735,000 $245,000 $0 7.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $705,000 $705,000 $0 6.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $690,000 $345,000 $0 8.06%
MODESTO, CA (FHA|USDA|VA) 1 $655,000 $655,000 $0 6.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $650,000 $325,000 $0 6.94%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $645,000 $645,000 $0 8.50%
GAINESVILLE, GA (FHA|USDA|VA) 1 $605,000 $605,000 $0 8.00%
ANCHORAGE, AK (FHA|USDA|VA) 1 $595,000 $595,000 $0 5.75%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $575,000 $191,667 $0 7.54%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $0 6.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $545,000 $181,667 $0 7.13%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $490,000 $245,000 $0 6.63%
VISALIA, CA (FHA|USDA|VA) 1 $415,000 $415,000 $0 5.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $365,000 $365,000 $0 6.88%
RICHMOND, VA (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.88%
TUCSON, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $0 6.13%
GETTYSBURG, PA (FHA|USDA|VA) 1 $335,000 $335,000 $0 6.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.25%
LANCASTER, PA (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.38%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.00%
AMARILLO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.75%
ALTOONA, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.88%
COLUMBUS, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.75%
RACINE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.63%
OCALA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.00%
BURLINGTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.63%
MUNCIE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.50%
Silver Hill Funding's top markets include New York, Miami, Atlanta, Chicago, and Los Angeles among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 309 $136,105,000 $440,469 $0 6.88%

    For 2020, Silver Hill Funding's most frequently originated type of loan was Conventional, with 309 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 152 $64,970,000 $427,434 $0 6.86%
    Other 104 $41,050,000 $394,712 $0 6.97%
    Refi 53 $30,085,000 $567,642 $0 6.77%

    For 2020, Silver Hill Funding's most frequently cited loan purpose was Cash Out Refi, with 152 originations. The 2nd most popular reason was Other, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 300 $132,020,000 $440,067 $0 6.89%
    15 Year 3 $825,000 $275,000 $0 6.83%
    20 Year 3 $1,495,000 $498,333 $0 7.00%
    Other 3 $1,765,000 $588,333 $0 6.54%

    For 2020, Silver Hill Funding's most frequently cited loan duration was 30 Year, with 300 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 121 $56,925,000 $470,455
    7-8% 89 $34,135,000 $383,539
    5-6% 66 $34,010,000 $515,303
    Over 8% 31 $9,545,000 $307,903
    4-5% 2 $1,490,000 $745,000

    During 2020, Silver Hill Funding's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 6-7%, with 121 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 109 $31,615,000 $290,046 $0 6.96%
    $100k-200k 69 $10,125,000 $146,739 $0 7.26%
    $400k-600k 58 $27,870,000 $480,517 $0 6.59%
    $600k-1MM 51 $37,925,000 $743,627 $0 6.72%
    $1MM+ 20 $28,390,000 $1,419,500 $0 6.33%
    $100,000 or less 2 $180,000 $90,000 $0 7.75%

    2020 saw Silver Hill Funding place emphasis on $200k-400k loans with 109 originations, totaling $31,615,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 246 $109,290,000 $444,268 $0 6.90%
    Not provided 27 $11,295,000 $418,333 $0 6.82%
    White 26 $11,080,000 $426,154 $0 6.59%
    Black 6 $2,340,000 $390,000 $0 7.56%
    Asian 3 $1,595,000 $531,667 $0 6.46%
    Native Hawaiian or Islander 1 $505,000 $505,000 $0 7.88%

    Approval Rates

    Total approvals of all applications
    60.03%

    Silver Hill Funding has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    -68.28%

    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 309 $136,105,000 $440,469

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 104 $49,330,000 $474,327
    Single Family (1-4 Units):Site-Built 205 $86,775,000 $423,293

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $4,260,000 $426,000 $0 6.73%
    40-60% 49 $26,445,000 $539,694 $0 6.43%
    60-80% 202 $81,200,000 $401,980 $0 6.96%
    80-100% 45 $23,255,000 $516,778 $0 7.06%
    Under 20% 3 $945,000 $315,000 $0 7.25%