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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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
309Origination Dollar Volume (All Markets)
$136,105,000Top 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) | 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% |
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
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
2020 saw Silver Hill Funding place emphasis on $200k-400k loans with 109 originations, totaling $31,615,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.03%
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 |