Skyward Mortgage Rates, Fees & Info

Wichita, KS

LEI: 5493001J5Z6NXCZKQR68

Tax ID: 48-6107341

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Skyward is a smaller mortgage company specializing in Home Purchase loans. Skyward has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Kansas City, and Coffeyville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Skyward 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. Skyward is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 13.56% 12/16/24
    30 Year Conventional Refi 6.60% 12/16/24
    30 Year Cash-out Refi 6.26% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 6.73% 12/16/24
    15 Year Conventional Purchase 6.19% 12/16/24
    15 Year Conventional Refi 6.04% 12/16/24
    15 Year Cash-out Refi 6.04% 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.

    Skyward Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Skyward. 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

    65

    Origination Dollar Volume (All Markets)

    $9,685,000

    Awards

    SKYWARD 30 Year Conventional Loans silver SKYWARD 30 Year Conventional Loans gold
    Show all (2) awards

    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
    WICHITA, KS (FHA|USDA|VA) 56 $8,530,000 $152,321 $1,921 4.66%
    Outside of Metro Areas 3 $435,000 $145,000 $1,978 4.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $365,000 $365,000 $2,446 4.50%
    Coffeyville, KS (FHA|USDA|VA) 5 $355,000 $71,000 $1,246 4.63%
    Skyward's top markets include Wichita, Kansas City, and Coffeyville among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SKYWARD based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Halstead Bank
    Similarity Rank: 64
    MID AMERICAN
    Similarity Rank: 128
    WHITE EAGLE Credit Union
    Similarity Rank: 130
    SKYWARD
    Similarity Rank: 132
    Members Mortgage Services, L.L.C.
    Similarity Rank: 165
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 261
    GOLDEN PLAINS
    Similarity Rank: 324
    MERITRUST Federal Credit Union
    Similarity Rank: 330
    Emprise Bank
    Similarity Rank: 420
    Wichita Federal Credit Union
    Similarity Rank: 567

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $9,685,000 $149,000 $1,880 4.65%

    For 2018, Skyward's most frequently originated type of loan was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $8,410,000 $161,731 $1,920 4.65%
    Cash Out Refi 6 $780,000 $130,000 $1,696 4.50%
    Refi 5 $405,000 $81,000 $1,849 4.55%
    Home Improvement 1 $45,000 $45,000 $1,539 5.75%
    Other 1 $45,000 $45,000 $1,418 4.75%

    For 2018, Skyward's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 40 $6,960,000 $174,000 $1,981 4.67%
    15 Year 15 $1,105,000 $73,667 $1,620 4.67%
    20 Year 8 $1,470,000 $183,750 $1,884 4.64%
    10 Year 2 $150,000 $75,000 $1,783 4.25%

    For 2018, Skyward's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 64 $9,570,000 $149,531
    $1k-2k 1 $115,000 $115,000

    Skyward's average total fees were $1,981, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 64 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 56 $8,570,000 $153,036
    5-6% 6 $680,000 $113,333
    3-4% 3 $435,000 $145,000

    During 2018, Skyward's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 31 $4,325,000 $139,516 $1,729 4.65%
    $100,000 or less 18 $1,190,000 $66,111 $1,613 4.74%
    $200k-400k 16 $4,170,000 $260,625 $2,472 4.56%

    2018 saw Skyward place emphasis on $100k-200k loans with 31 originations, totaling $4,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $2,990,000 $115,000 $1,729 4.54%
    $100k-150k 16 $3,310,000 $206,875 $2,116 4.77%
    $50k or less 8 $830,000 $103,750 $1,616 4.86%
    $75k-100k 8 $950,000 $118,750 $1,874 4.67%
    $150k-250k 7 $1,605,000 $229,286 $2,208 4.54%

    Skyward lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $3,360,000 $168,000 $1,686 4.60%
    30-36% 14 $2,030,000 $145,000 $1,547 4.64%
    <20% 8 $1,200,000 $150,000 $1,909 4.59%
    38% 5 $835,000 $167,000 $2,718 4.48%
    49% 3 $465,000 $155,000 $2,707 4.67%
    36% 3 $345,000 $115,000 $1,939 4.54%
    44% 2 $240,000 $120,000 $1,666 4.69%
    39% 2 $230,000 $115,000 $2,079 4.94%
    37% 2 $360,000 $180,000 $2,326 4.50%
    >60% 1 $55,000 $55,000 $1,429 4.88%
    40% 1 $245,000 $245,000 $2,371 4.50%
    42% 1 $65,000 $65,000 $1,660 5.00%
    46% 1 $115,000 $115,000 $3,452 4.63%
    47% 1 $105,000 $105,000 $1,210 5.75%
    50-60% 1 $35,000 $35,000 $1,764 5.50%

    Skyward lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $7,370,000 $147,400 $1,810 4.59%
    Not provided 7 $1,355,000 $193,571 $2,004 4.80%
    American Indian 2 $360,000 $180,000 $4,131 4.94%
    Asian 2 $310,000 $155,000 $1,205 4.50%
    Black 4 $290,000 $72,500 $1,752 5.06%

    Approval Rates

    Total approvals of all applications
    84.02%

    Skyward has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    46.15%

    Skyward 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 65 $9,685,000 $149,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $170,000 $85,000
    Single Family (1-4 Units):Site-Built 63 $9,515,000 $151,032

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $45,000 $45,000 $1,539 5.75%
    40-60% 5 $405,000 $81,000 $1,841 4.70%
    60-80% 22 $3,270,000 $148,636 $1,889 4.61%
    80-100% 36 $5,820,000 $161,667 $1,883 4.64%