Superior Choice Mortgage Rates, Fees & Info
Superior, WILEI: 5493008BSTI0PQR0IL08
Tax ID: 39-0906277
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Mortgage Data
Review & Overview
Superior Choice is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Superior Choice has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Eau Claire, Los Angeles, Riverside, and Philadelphia among others. We have data for 77 markets. (Some data included below & more in-depth data is available with an active subscription.)Superior Choice 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. Superior Choice 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.83% | 4/21/24 |
| 30 Year Conventional Refi | 6.57% | 4/21/24 |
| 30 Year Cash-out Refi | 6.95% | 4/21/24 |
| 15 Year Conventional Purchase | 7.10% | 4/21/24 |
| 15 Year Conventional Refi | 6.57% | 4/21/24 |
| 15 Year Cash-out Refi | 6.57% | 4/21/24 |
| 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. | ||
Superior Choice Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
523Origination Dollar Volume (All Markets)
$58,595,000Awards
SUPERIOR CHOICE - 2018
SUPERIOR CHOICE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| DULUTH, MN-WI (FHA|USDA|VA) | 253 | $37,665,000 | $148,874 | $2,512 | 4.71% |
| Outside of Metro Areas | 129 | $11,185,000 | $86,705 | $1,659 | 4.87% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 12 | $790,000 | $65,833 | $599 | 4.93% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $665,000 | $95,000 | $0 | 6.57% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $565,000 | $80,714 | $0 | 6.60% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 8.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $415,000 | $46,111 | $0 | 7.68% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 7.33% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 6.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $330,000 | $55,000 | $0 | 7.14% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 5.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 6.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 7.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 6.88% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.25% |
| NAPA, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 8.18% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.75% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 7.62% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 7.99% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| Elkins, WV (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 7.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.50% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 6.87% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.75% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 7.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 9.45% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 8.12% |
| DeRidder, LA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 7.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.15% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.50% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.99% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.93% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 7.50% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| READING, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.25% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 6.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.99% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.85% |
| Defiance, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.99% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 7.88% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.85% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| Malvern, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| MONROE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| Centralia, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| Holland, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.60% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.25% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.10% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 8.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.85% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.24% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.50% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
| ERIE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.10% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.24% |
Similar Lenders
We use machine learning to identify the top lenders compared against SUPERIOR CHOICE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 523 | $58,595,000 | $112,036 | $2,185 | 5.38% |
For 2018, Superior Choice's most frequently originated type of loan was Conventional, with 523 originations.
Loan Reason
For 2018, Superior Choice's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.
Loan Duration/Length
For 2018, Superior Choice's most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was 15 Year, with 145 originations.
Origination Fees/Closing Costs
Superior Choice's average total fees were $2,743, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 211 originations.
Interest Rates
During 2018, Superior Choice's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 245 originations.
Loan Sizing
2018 saw Superior Choice place emphasis on $100,000 or less loans with 304 originations, totaling $17,510,000 in origination value.
Applicant Income
Superior Choice lent most frequently to those with incomes in the $50k or less range, with 146 originations. The second most popular income band? $50k-75k, with 142 originations.
Applicant Debt to Income Ratio
Superior Choice lent most frequently to those with DTI ratios of 20-30%, with 142 originations. The next most common DTI ratio? 30-36%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.43%
Superior Choice has a below average approval rate.
Pick Rate
Approvals leading to origination31.93%
Superior Choice 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 |
|---|---|---|---|
| 0.0 | 1 | $25,000 | $25,000 |
| 1029.0 | 1 | $15,000 | $15,000 |
| 1278.0 | 1 | $35,000 | $35,000 |
| 1294.96 | 1 | $105,000 | $105,000 |
| 1339.2 | 1 | $45,000 | $45,000 |
| 1386.55 | 1 | $25,000 | $25,000 |
| 1428.3 | 1 | $45,000 | $45,000 |
| 1460.0 | 1 | $125,000 | $125,000 |
| 1500.0 | 1 | $75,000 | $75,000 |
| 1726.0 | 1 | $55,000 | $55,000 |
| 1767.0 | 1 | $35,000 | $35,000 |
| 1843.85 | 1 | $55,000 | $55,000 |
| 2150.0 | 1 | $75,000 | $75,000 |
| 2203.1 | 1 | $75,000 | $75,000 |
| 2470.91 | 1 | $85,000 | $85,000 |
| 2662.0 | 1 | $95,000 | $95,000 |
| 2700.0 | 1 | $75,000 | $75,000 |
| 2900.0 | 1 | $65,000 | $65,000 |
| 2957.2 | 1 | $105,000 | $105,000 |
| 3000.0 | 2 | $210,000 | $105,000 |
| 3031.0 | 1 | $115,000 | $115,000 |
| 3064.0 | 1 | $75,000 | $75,000 |
| 3150.0 | 1 | $105,000 | $105,000 |
| 3155.0 | 1 | $95,000 | $95,000 |
| 3175.52 | 1 | $115,000 | $115,000 |
| 3383.66 | 1 | $125,000 | $125,000 |
| 3500.0 | 1 | $125,000 | $125,000 |
| 3760.35 | 1 | $145,000 | $145,000 |
| 4029.0 | 1 | $165,000 | $165,000 |
| 4291.04 | 1 | $175,000 | $175,000 |
| 4458.55 | 1 | $185,000 | $185,000 |
| 5290.0 | 1 | $185,000 | $185,000 |
| 645.04 | 1 | $25,000 | $25,000 |
| 749.0 | 49 | $2,555,000 | $52,143 |
| 799.0 | 18 | $1,580,000 | $87,778 |
| 800.82 | 1 | $25,000 | $25,000 |
| 880.0 | 1 | $15,000 | $15,000 |
| 905.0 | 1 | $35,000 | $35,000 |
| 919.37 | 1 | $75,000 | $75,000 |
| NA | 418 | $51,250,000 | $122,608 |