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 NA loans. Silver Hill Funding has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Chicago, Atlanta, and New Haven among others. We have data for 118 markets. (Some data included below & more in-depth data is available with an active subscription.)Silver Hill Funding has an above 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% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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. | ||
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Originations
641Origination Dollar Volume (All Markets)
$257,705,000Top 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) | 63 | $29,025,000 | $460,714 | $0 | 5.37% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 28 | $19,540,000 | $697,857 | $0 | 5.54% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 45 | $17,875,000 | $397,222 | $0 | 6.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 35 | $14,695,000 | $419,857 | $0 | 5.06% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 26 | $11,010,000 | $423,462 | $0 | 5.40% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 33 | $9,965,000 | $301,970 | $0 | 6.20% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $7,640,000 | $477,500 | $0 | 6.09% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 12 | $7,440,000 | $620,000 | $0 | 5.26% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 27 | $6,475,000 | $239,815 | $0 | 5.45% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $6,405,000 | $582,273 | $0 | 6.20% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 19 | $5,795,000 | $305,000 | $0 | 5.80% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $5,750,000 | $958,333 | $0 | 5.94% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $5,175,000 | $575,000 | $0 | 5.08% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 14 | $5,150,000 | $367,857 | $0 | 5.84% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $4,525,000 | $348,077 | $0 | 5.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $4,265,000 | $473,889 | $0 | 5.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 9 | $3,645,000 | $405,000 | $0 | 4.56% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $3,640,000 | $606,667 | $0 | 5.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 11 | $3,575,000 | $325,000 | $0 | 5.18% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $3,170,000 | $264,167 | $0 | 5.80% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 11 | $2,885,000 | $262,273 | $0 | 5.02% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $2,785,000 | $557,000 | $0 | 6.08% |
| BATON ROUGE, LA (FHA|USDA|VA) | 19 | $2,675,000 | $140,789 | $0 | 4.62% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $2,500,000 | $625,000 | $0 | 5.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $2,215,000 | $738,333 | $0 | 5.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $0 | 5.42% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 4 | $2,060,000 | $515,000 | $0 | 5.56% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $2,030,000 | $1,015,000 | $0 | 4.69% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 4.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,945,000 | $648,333 | $0 | 5.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $1,930,000 | $965,000 | $0 | 5.19% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,895,000 | $631,667 | $0 | 5.96% |
| ANCHORAGE, AK (FHA|USDA|VA) | 2 | $1,830,000 | $915,000 | $0 | 5.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $0 | 4.92% |
| AKRON, OH (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $0 | 7.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $0 | 6.56% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $0 | 7.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $0 | 5.88% |
| Outside of Metro Areas | 3 | $1,425,000 | $475,000 | $0 | 4.71% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $0 | 5.56% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $0 | 4.42% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $0 | 5.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 5.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $0 | 5.43% |
| LANCASTER, PA (FHA|USDA|VA) | 8 | $1,150,000 | $143,750 | $0 | 4.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 7.75% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 7.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $0 | 5.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $0 | 5.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 7.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 6.69% |
| ROCHESTER, NY (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 4.72% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 6.94% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 6.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 7.06% |
| HAMMOND, LA (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $0 | 3.88% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 4.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 7.13% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 6.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 6.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 4.54% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 4.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $0 | 4.53% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 5.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 5.42% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 5.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 5.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 5.56% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 6.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 3.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 5.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 5.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 5.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 6.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 7.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 5.88% |
| Torrington, CT (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 6.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 5.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 4.69% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 4.94% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 6.63% |
| READING, PA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 4.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 6.08% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 4.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 6.31% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 5.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 4.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 4.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 5.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 5.31% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.13% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 6.56% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 5.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.75% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.38% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.75% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.38% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.25% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.25% |
| RACINE, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 641 | $257,705,000 | $402,036 | $0 | 5.56% |
For 2021, Silver Hill Funding's most frequently originated type of loan was Conventional, with 641 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 311 | $119,645,000 | $384,711 | $0 | 5.27% |
| NA | 232 | $93,890,000 | $404,698 | $0 | 5.97% |
| Refi | 98 | $44,170,000 | $450,714 | $0 | 5.49% |
For 2021, Silver Hill Funding's most frequently cited loan purpose was Cash Out Refi, with 311 originations. The 2nd most popular reason was NA, with 232 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 628 | $252,290,000 | $401,736 | $0 | 5.53% |
| Other | 11 | $4,965,000 | $451,364 | $0 | 6.74% |
| 15 Year | 2 | $450,000 | $225,000 | $0 | 6.25% |
For 2021, Silver Hill Funding's most frequently cited loan duration was 30 Year, with 628 originations. The 2nd most popular length was Other, with 11 originations.
Interest Rates
During 2021, Silver Hill Funding's average interest rate for loans was 5.53%, while their most frequently originated rate bucket for loans was 4-5%, with 203 originations.
Loan Sizing
2021 saw Silver Hill Funding place emphasis on $200k-400k loans with 209 originations, totaling $57,815,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.40%
Silver Hill Funding has an average approval rate.
Pick Rate
Approvals leading to origination-32.14%
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 | 641 | $257,705,000 | $402,036 |