Swbc Mortgage Corporation Rates, Fees & Info
SAN ANTONIO, TXLEI: 549300DMYENRV818D594
Tax ID: 74-2508160
2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Swbc Mortgage Corporation is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Swbc Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Denver, Nashville, Atlanta, Baltimore, and Dallas among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Swbc Mortgage Corporation is typically an average fee lendor.Originations
24,002Origination Dollar Volume (All Markets)
$6,832,980,000Relative Rate
Swbc Mortgage Corporation's average 30 year fixed rate mortgage was
3.2%.
The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.
This yields a difference of -0.16%.
Relative Fees
Swbc Mortgage Corporation's average total fees for a 30 year fixed rate
mortgage are $3,869.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 18,970 | $5,538,430,000 | $291,957 | $3,335 | 3.15% |
| FHA | 2,439 | $566,115,000 | $232,109 | $6,061 | 3.21% |
| VA | 2,193 | $661,495,000 | $301,639 | $5,493 | 3.07% |
| USDA | 400 | $66,940,000 | $167,350 | $2,838 | 3.14% |
For the 2020 period, Swbc Mortgage Corporation's most frequently originated loan type was Conventional, with 18,970 originations. Their 2nd most popular type is FHA, with 2,439 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 10,777 | $2,961,285,000 | $274,778 | $4,042 | 3.14% |
| Refi | 10,246 | $3,022,360,000 | $294,980 | $3,454 | 3.10% |
| Cash Out Refi | 2,749 | $787,775,000 | $286,568 | $4,131 | 3.31% |
| Home Improvement | 230 | $61,560,000 | $267,652 | $4,101 | 3.12% |
For the 2020, Swbc Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 10,777 originations. The 2nd most popular reason was Refi, with 10,246 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 20,294 | $5,909,040,000 | $291,172 | $3,878 | 3.19% |
| 15 Year | 1,975 | $474,705,000 | $240,357 | $3,400 | 2.77% |
| 20 Year | 1,241 | $323,995,000 | $261,076 | $3,419 | 3.07% |
| Other | 271 | $81,885,000 | $302,159 | $3,244 | 3.17% |
| 10 Year | 221 | $43,355,000 | $196,176 | $3,146 | 2.71% |
For the 2020, Swbc Mortgage Corporation's most frequently cited loan length was 30 Year, with 20,294 originations. The 2nd most popular length was 15 Year, with 1,975 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 10,891 | $3,070,865,000 | $281,964 |
| $<1k | 8,334 | $2,316,140,000 | $277,915 |
| $2k-3k | 1,726 | $460,680,000 | $266,906 |
| $3k-4k | 1,291 | $394,465,000 | $305,550 |
| $5k+ | 406 | $185,190,000 | $456,133 |
$3,869 was Swbc Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 10,891 originations.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO | 2,523 | $907,005,000 | $359,495 | $2,699 | 3.18% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN | 2,762 | $812,340,000 | $294,113 | $3,103 | 3.09% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | 1,770 | $430,960,000 | $243,480 | $3,108 | 3.10% |
| BALTIMORE-COLUMBIA-TOWSON, MD | 1,250 | $398,390,000 | $318,712 | $4,041 | 3.18% |
| DALLAS-PLANO-IRVING, TX | 1,285 | $393,745,000 | $306,416 | $4,351 | 3.19% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV | 855 | $351,945,000 | $411,632 | $4,879 | 3.12% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX | 1,290 | $323,400,000 | $250,698 | $4,905 | 3.18% |
| SAN ANTONIO-NEW BRAUNFELS, TX | 1,066 | $321,820,000 | $301,895 | $5,096 | 3.19% |
| Outside of Metro Areas | 1,245 | $287,055,000 | $230,566 | $3,568 | 3.16% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | 763 | $248,855,000 | $326,153 | $4,524 | 3.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV | 732 | $208,740,000 | $285,164 | $4,799 | 3.24% |
| BOULDER, CO | 439 | $196,915,000 | $448,554 | $1,602 | 3.24% |
| OGDEN-CLEARFIELD, UT | 602 | $167,610,000 | $278,422 | $4,195 | 3.13% |
| JACKSONVILLE, FL | 713 | $164,215,000 | $230,316 | $3,706 | 2.99% |
| WACO, TX | 650 | $142,240,000 | $218,831 | $3,959 | 3.26% |
| KILLEEN-TEMPLE, TX | 612 | $136,780,000 | $223,497 | $4,248 | 3.06% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD | 243 | $95,925,000 | $394,753 | $4,212 | 3.15% |
| OKLAHOMA CITY, OK | 407 | $88,865,000 | $218,342 | $4,374 | 3.12% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL | 307 | $87,465,000 | $284,902 | $4,957 | 3.10% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX | 302 | $75,290,000 | $249,305 | $4,838 | 3.16% |
| PORT ST. LUCIE, FL | 296 | $70,220,000 | $237,230 | $4,649 | 3.14% |
| SAVANNAH, GA | 255 | $63,365,000 | $248,490 | $3,335 | 3.07% |
| ROANOKE, VA | 284 | $60,820,000 | $214,155 | $3,528 | 3.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 223 | $50,645,000 | $227,108 | $4,215 | 2.96% |
| MIAMI-MIAMI BEACH-KENDALL, FL | 142 | $41,540,000 | $292,535 | $5,015 | 3.27% |
| HOT SPRINGS, AR | 222 | $41,540,000 | $187,117 | $2,648 | 3.17% |
| ABILENE, TX | 185 | $40,075,000 | $216,622 | $4,284 | 3.22% |
| MOBILE, AL | 227 | $39,545,000 | $174,207 | $2,689 | 3.07% |
| GREELEY, CO | 103 | $36,405,000 | $353,447 | $2,486 | 3.21% |
| CLARKSVILLE, TN-KY | 177 | $34,285,000 | $193,701 | $3,153 | 3.04% |
| BATON ROUGE, LA | 141 | $34,225,000 | $242,730 | $3,515 | 3.16% |
| SALT LAKE CITY, UT | 108 | $31,870,000 | $295,093 | $4,275 | 3.11% |
| HINESVILLE, GA | 153 | $30,075,000 | $196,569 | $3,886 | 3.17% |
| CHARLESTON-NORTH CHARLESTON, SC | 69 | $23,365,000 | $338,623 | $2,866 | 2.81% |
| FORT COLLINS, CO | 59 | $20,035,000 | $339,576 | $2,781 | 3.22% |
| FORT SMITH, AR-OK | 116 | $19,680,000 | $169,655 | $3,203 | 3.17% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL | 62 | $18,510,000 | $298,548 | $4,839 | 3.16% |
| TEXARKANA, TX-AR | 117 | $17,845,000 | $152,521 | $3,127 | 3.13% |
| GREENVILLE-ANDERSON, SC | 78 | $17,470,000 | $223,974 | $3,726 | 3.24% |
| COLORADO SPRINGS, CO | 47 | $14,735,000 | $313,511 | $3,566 | 3.24% |
| WILMINGTON, DE-MD-NJ | 52 | $12,490,000 | $240,192 | $4,112 | 3.32% |
| RALEIGH-CARY, NC | 41 | $12,185,000 | $297,195 | $2,807 | 3.03% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA | 19 | $10,975,000 | $577,632 | $5,749 | 3.22% |
| BRUNSWICK, GA | 31 | $9,735,000 | $314,032 | $3,839 | 3.00% |
| SALISBURY, MD-DE | 38 | $9,440,000 | $248,421 | $3,705 | 3.17% |
| LYNCHBURG, VA | 41 | $8,955,000 | $218,415 | $3,461 | 3.18% |
| LEXINGTON-FAYETTE, KY | 48 | $8,580,000 | $178,750 | $3,720 | 3.19% |
| NEW ORLEANS-METAIRIE, LA | 31 | $7,685,000 | $247,903 | $4,060 | 3.33% |
| NORTH PORT-SARASOTA-BRADENTON, FL | 24 | $7,360,000 | $306,667 | $4,430 | 3.19% |
| RICHMOND, VA | 25 | $7,275,000 | $291,000 | $4,442 | 3.10% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 39 | $7,245,000 | $185,769 | $3,885 | 3.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR | 34 | $7,090,000 | $208,529 | $2,679 | 3.20% |
| ROME, GA | 36 | $6,690,000 | $185,833 | $2,987 | 3.04% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA | 15 | $6,405,000 | $427,000 | $5,139 | 3.17% |
| DAPHNE-FAIRHOPE-FOLEY, AL | 26 | $6,080,000 | $233,846 | $2,529 | 3.03% |
| CORPUS CHRISTI, TX | 24 | $6,000,000 | $250,000 | $4,408 | 3.19% |
| CHATTANOOGA, TN-GA | 25 | $5,775,000 | $231,000 | $2,210 | 3.07% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | 9 | $5,695,000 | $632,778 | $9,389 | 3.21% |
| PROVO-OREM, UT | 17 | $5,025,000 | $295,588 | $4,763 | 3.01% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC | 14 | $4,290,000 | $306,429 | $4,719 | 3.27% |
| MEMPHIS, TN-MS-AR | 18 | $4,100,000 | $227,778 | $3,483 | 3.17% |
| YORK-HANOVER, PA | 16 | $3,970,000 | $248,125 | $4,823 | 3.20% |
| HAGERSTOWN-MARTINSBURG, MD-WV | 14 | $3,410,000 | $243,571 | $4,062 | 2.97% |
| DURHAM-CHAPEL HILL, NC | 13 | $3,405,000 | $261,923 | $3,280 | 3.15% |
| OAKLAND-BERKELEY-LIVERMORE, CA | 3 | $3,335,000 | $1,111,667 | $13,119 | 3.04% |
| GRAND JUNCTION, CO | 12 | $3,270,000 | $272,500 | $1,767 | 3.22% |
| COLLEGE STATION-BRYAN, TX | 14 | $3,190,000 | $227,857 | $4,730 | 3.42% |
| ORLANDO-KISSIMMEE-SANFORD, FL | 13 | $2,975,000 | $228,846 | $4,033 | 3.34% |
| SEBASTIAN-VERO BEACH, FL | 16 | $2,950,000 | $184,375 | $3,832 | 2.98% |
| LOGAN, UT-ID | 11 | $2,925,000 | $265,909 | $3,826 | 2.82% |
| ST. GEORGE, UT | 12 | $2,770,000 | $230,833 | $4,211 | 3.03% |
| PHOENIX-MESA-CHANDLER, AZ | 9 | $2,705,000 | $300,556 | $6,869 | 3.04% |
| SPARTANBURG, SC | 15 | $2,615,000 | $174,333 | $4,108 | 3.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | 6 | $2,530,000 | $421,667 | $3,644 | 2.92% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR | 11 | $2,505,000 | $227,727 | $3,347 | 3.03% |
| BLACKSBURG-CHRISTIANSBURG, VA | 10 | $2,490,000 | $249,000 | $4,055 | 3.09% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | 10 | $2,260,000 | $226,000 | $4,529 | 2.85% |
| ANAHEIM-SANTA ANA-IRVINE, CA | 4 | $2,260,000 | $565,000 | $8,815 | 3.34% |
| CLEVELAND-ELYRIA, OH | 12 | $2,090,000 | $174,167 | $4,069 | 3.36% |
| TYLER, TX | 8 | $2,080,000 | $260,000 | $6,002 | 3.30% |
| KNOXVILLE, TN | 8 | $2,070,000 | $258,750 | $2,842 | 3.11% |
| PITTSBURGH, PA | 7 | $1,945,000 | $277,857 | $5,114 | 2.93% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA | 6 | $1,910,000 | $318,333 | $5,721 | 3.06% |
| OCALA, FL | 9 | $1,795,000 | $199,444 | $3,704 | 3.28% |
| DALTON, GA | 8 | $1,760,000 | $220,000 | $3,529 | 3.00% |
| GAINESVILLE, GA | 8 | $1,750,000 | $218,750 | $2,725 | 2.92% |
| TULSA, OK | 5 | $1,655,000 | $331,000 | $5,056 | 2.98% |
| MCALLEN-EDINBURG-MISSION, TX | 8 | $1,630,000 | $203,750 | $5,222 | 2.91% |
| HILTON HEAD ISLAND-BLUFFTON, SC | 5 | $1,605,000 | $321,000 | $4,479 | 2.95% |
| LUBBOCK, TX | 8 | $1,580,000 | $197,500 | $5,507 | 2.94% |
| SHERMAN-DENISON, TX | 8 | $1,470,000 | $183,750 | $3,825 | 3.06% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA | 4 | $1,450,000 | $362,500 | $3,850 | 3.00% |
| LAKELAND-WINTER HAVEN, FL | 7 | $1,405,000 | $200,714 | $4,582 | 3.07% |
| AUGUSTA-RICHMOND COUNTY, GA-SC | 11 | $1,395,000 | $126,818 | $2,721 | 4.06% |
| MIDLAND, TX | 5 | $1,345,000 | $269,000 | $5,209 | 3.33% |
| GAINESVILLE, FL | 5 | $1,345,000 | $269,000 | $3,910 | 3.28% |
| LONGVIEW, TX | 8 | $1,330,000 | $166,250 | $4,284 | 3.09% |
| NAPLES-MARCO ISLAND, FL | 4 | $1,310,000 | $327,500 | $5,697 | 3.03% |
| HAMMOND, LA | 6 | $1,310,000 | $218,333 | $2,923 | 3.10% |
| SANTA FE, NM | 3 | $1,275,000 | $425,000 | $4,064 | 3.54% |
| GULFPORT-BILOXI, MS | 7 | $1,255,000 | $179,286 | $2,398 | 3.11% |
| SANTA CRUZ-WATSONVILLE, CA | 2 | $1,230,000 | $615,000 | $3,607 | 3.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA | 2 | $1,210,000 | $605,000 | $10,896 | 3.50% |
| WILMINGTON, NC | 3 | $1,185,000 | $395,000 | $5,348 | 2.79% |
| WINCHESTER, VA-WV | 4 | $1,160,000 | $290,000 | $3,791 | 3.19% |
| BIRMINGHAM-HOOVER, AL | 3 | $1,095,000 | $365,000 | $1,556 | 3.67% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC | 4 | $1,070,000 | $267,500 | $3,702 | 3.00% |
| CAPE CORAL-FORT MYERS, FL | 4 | $1,050,000 | $262,500 | $4,320 | 3.47% |
| TRENTON-PRINCETON, NJ | 2 | $1,020,000 | $510,000 | $5,228 | 3.06% |
| HOUMA-THIBODAUX, LA | 4 | $1,020,000 | $255,000 | $4,113 | 3.13% |
| JACKSON, MS | 6 | $970,000 | $161,667 | $3,458 | 3.19% |
| RENO, NV | 3 | $965,000 | $321,667 | $3,516 | 3.29% |
| CALIFORNIA-LEXINGTON PARK, MD | 3 | $875,000 | $291,667 | $4,005 | 3.13% |
| PANAMA CITY, FL | 2 | $800,000 | $400,000 | $3,868 | 3.50% |
| LAFAYETTE, LA | 3 | $755,000 | $251,667 | $2,489 | 3.38% |
| GREENSBORO-HIGH POINT, NC | 3 | $755,000 | $251,667 | $2,058 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL | 4 | $750,000 | $187,500 | $3,531 | 3.53% |
| CLEVELAND, TN | 4 | $740,000 | $185,000 | $2,145 | 2.97% |
| SAN ANGELO, TX | 4 | $740,000 | $185,000 | $3,423 | 2.94% |
| ENID, OK | 3 | $725,000 | $241,667 | $6,981 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA | 2 | $700,000 | $350,000 | $3,375 | 2.88% |
| COLUMBIA, SC | 3 | $695,000 | $231,667 | $5,301 | 3.50% |
| CHICAGO-NAPERVILLE-EVANSTON, IL | 2 | $680,000 | $340,000 | $2,426 | 3.06% |
| PUEBLO, CO | 2 | $620,000 | $310,000 | $7,219 | 3.81% |
| PHILADELPHIA, PA | 2 | $600,000 | $300,000 | $4,140 | 2.88% |
| CUMBERLAND, MD-WV | 3 | $575,000 | $191,667 | $3,430 | 3.21% |
| NEW BRUNSWICK-LAKEWOOD, NJ | 1 | $555,000 | $555,000 | $3,414 | 2.88% |
| TALLAHASSEE, FL | 3 | $545,000 | $181,667 | $2,795 | 3.17% |
| THE VILLAGES, FL | 2 | $540,000 | $270,000 | $6,398 | 2.75% |
| JACKSON, TN | 2 | $520,000 | $260,000 | $4,328 | 3.00% |
| ASHEVILLE, NC | 2 | $510,000 | $255,000 | $5,704 | 3.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA | 1 | $475,000 | $475,000 | $6,856 | 2.75% |
| BOISE CITY, ID | 1 | $475,000 | $475,000 | $4,077 | 2.75% |
| ELIZABETHTOWN-FORT KNOX, KY | 1 | $475,000 | $475,000 | $6,652 | 3.00% |
| BEAUMONT-PORT ARTHUR, TX | 2 | $450,000 | $225,000 | $6,599 | 4.75% |
| WARREN-TROY-FARMINGTON HILLS, MI | 3 | $435,000 | $145,000 | $2,762 | 3.17% |
| JOHNSON CITY, TN | 2 | $430,000 | $215,000 | $4,857 | 3.00% |
| VICTORIA, TX | 2 | $430,000 | $215,000 | $3,522 | 2.68% |
| NEW BERN, NC | 2 | $420,000 | $210,000 | $2,160 | 2.88% |
| AMARILLO, TX | 2 | $420,000 | $210,000 | $5,997 | 3.44% |
| LANCASTER, PA | 1 | $415,000 | $415,000 | $5,287 | 3.13% |
| DOTHAN, AL | 1 | $405,000 | $405,000 | $2,732 | 2.75% |
| WICHITA FALLS, TX | 4 | $400,000 | $100,000 | $2,747 | 4.03% |
| HOMOSASSA SPRINGS, FL | 3 | $395,000 | $131,667 | $4,823 | 3.67% |
| LAKE HAVASU CITY-KINGMAN, AZ | 1 | $395,000 | $395,000 | $4,838 | 2.88% |
| SCRANTON--WILKES-BARRE, PA | 1 | $395,000 | $395,000 | $4,993 | 2.88% |
| HUNTSVILLE, AL | 2 | $390,000 | $195,000 | $3,003 | 3.13% |
| GARY, IN | 1 | $385,000 | $385,000 | $2,233 | 2.75% |
| ATHENS-CLARKE COUNTY, GA | 2 | $370,000 | $185,000 | $5,210 | 2.94% |
| TACOMA-LAKEWOOD, WA | 1 | $365,000 | $365,000 | $4,240 | 3.88% |
| LAREDO, TX | 2 | $360,000 | $180,000 | $4,011 | 3.19% |
| SEBRING-AVON PARK, FL | 3 | $355,000 | $118,333 | $3,325 | 3.38% |
| BROWNSVILLE-HARLINGEN, TX | 2 | $350,000 | $175,000 | $3,686 | 3.06% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI | 2 | $350,000 | $175,000 | $2,261 | 2.75% |
| SALINAS, CA | 1 | $335,000 | $335,000 | $2,801 | 2.75% |
| COLUMBUS, OH | 1 | $325,000 | $325,000 | $3,867 | 2.88% |
| LAFAYETTE-WEST LAFAYETTE, IN | 1 | $325,000 | $325,000 | $8,273 | 3.00% |
| COLUMBUS, GA-AL | 1 | $325,000 | $325,000 | $5,664 | 3.00% |
| FRESNO, CA | 1 | $295,000 | $295,000 | $3,675 | 2.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA | 1 | $295,000 | $295,000 | $1,960 | 3.00% |
| MADERA, CA | 1 | $295,000 | $295,000 | $4,304 | 3.13% |
| HARRISONBURG, VA | 1 | $285,000 | $285,000 | $4,468 | 3.13% |
| FLORENCE-MUSCLE SHOALS, AL | 1 | $275,000 | $275,000 | $2,545 | 2.50% |
| ODESSA, TX | 2 | $270,000 | $135,000 | $3,710 | 2.94% |
| CHARLOTTESVILLE, VA | 1 | $265,000 | $265,000 | $4,717 | 3.13% |
| SHREVEPORT-BOSSIER CITY, LA | 2 | $260,000 | $130,000 | $4,934 | 3.00% |
| SEATTLE-BELLEVUE-KENT, WA | 1 | $255,000 | $255,000 | $4,467 | 3.38% |
| WARNER ROBINS, GA | 1 | $255,000 | $255,000 | $4,256 | 2.75% |
| WINSTON-SALEM, NC | 1 | $245,000 | $245,000 | $4,041 | 3.50% |
| AKRON, OH | 1 | $235,000 | $235,000 | $3,114 | 3.13% |
| GETTYSBURG, PA | 1 | $225,000 | $225,000 | $3,560 | 2.88% |
| NEWARK, NJ-PA | 1 | $225,000 | $225,000 | $3,319 | 3.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ | 1 | $215,000 | $215,000 | $2,255 | 4.13% |
| LAWTON, OK | 1 | $215,000 | $215,000 | $0 | 3.25% |
| HATTIESBURG, MS | 1 | $185,000 | $185,000 | $2,042 | 3.25% |
| JONESBORO, AR | 1 | $185,000 | $185,000 | $6,235 | 3.00% |
| MORRISTOWN, TN | 1 | $185,000 | $185,000 | $2,188 | 3.50% |
| CAMDEN, NJ | 1 | $175,000 | $175,000 | $2,809 | 2.88% |
| BURLINGTON, NC | 1 | $175,000 | $175,000 | $2,408 | 3.00% |
| POCATELLO, ID | 1 | $175,000 | $175,000 | $2,824 | 2.75% |
| PINE BLUFF, AR | 1 | $165,000 | $165,000 | $5,378 | 2.88% |
| EL PASO, TX | 1 | $165,000 | $165,000 | $3,875 | 2.50% |
| MACON-BIBB COUNTY, GA | 1 | $155,000 | $155,000 | $2,014 | 3.25% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN | 1 | $155,000 | $155,000 | $3,611 | 3.00% |
| SPOKANE-SPOKANE VALLEY, WA | 1 | $155,000 | $155,000 | $3,114 | 3.50% |
| CINCINNATI, OH-KY-IN | 1 | $145,000 | $145,000 | $5,849 | 3.00% |
| DOVER, DE | 1 | $135,000 | $135,000 | $3,386 | 3.13% |
| HARRISBURG-CARLISLE, PA | 1 | $115,000 | $115,000 | $3,638 | 3.25% |
| TUSCALOOSA, AL | 1 | $85,000 | $85,000 | $2,380 | 3.63% |
Swbc Mortgage Corporation's top markets include Denver, Nashville, Atlanta, Baltimore, and Dallas among others.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 12,132 | $3,547,110,000 | $292,376 |
| 2.5-3% | 10,130 | $2,892,810,000 | $285,569 |
| <2.5% | 992 | $221,190,000 | $222,974 |
| 4-5% | 724 | $168,500,000 | $232,735 |
| 5-6% | 18 | $2,790,000 | $155,000 |
| 6-7% | 4 | $330,000 | $82,500 |
| 7-8% | 2 | $250,000 | $125,000 |
During 2020, Swbc Mortgage Corporation's average interest rate was 3.20%, while their most frequently originated rate bucket was 3-4%, with 12,132 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 12,730 | $3,611,740,000 | $283,719 | $3,915 | 3.14% |
| $100k-200k | 6,106 | $968,080,000 | $158,546 | $3,307 | 3.18% |
| $400k-600k | 3,696 | $1,752,200,000 | $474,080 | $4,239 | 3.15% |
| $100,000 or less | 911 | $58,875,000 | $64,627 | $2,195 | 2.86% |
| $600k-1MM | 495 | $358,135,000 | $723,505 | $5,747 | 3.25% |
| $1MM+ | 64 | $83,950,000 | $1,311,719 | $10,315 | 3.36% |
2020 saw Swbc Mortgage Corporation place emphasis on $200k-400k loans with 12,730 originations, totaling $3,611,740,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 5,330 | $1,673,150,000 | $313,912 | $3,936 | 3.16% |
| $50k-75k | 5,272 | $1,162,740,000 | $220,550 | $3,668 | 3.14% |
| $75k-100k | 4,138 | $1,098,570,000 | $265,483 | $3,807 | 3.16% |
| $150k-250k | 3,956 | $1,483,350,000 | $374,962 | $3,941 | 3.16% |
| $50k or less | 3,930 | $774,790,000 | $197,148 | $3,467 | 3.09% |
| $250k+ | 1,376 | $640,380,000 | $465,392 | $4,330 | 3.16% |
Swbc Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 5,330 originations. The second most popular income band? $50k-75k, with 5,272 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 5,425 | $1,592,105,000 | $293,476 | $3,419 | 3.11% |
| 30-36% | 4,358 | $1,237,870,000 | $284,045 | $3,646 | 3.15% |
| <20% | 2,123 | $606,795,000 | $285,820 | $3,306 | 3.03% |
| 44% | 970 | $259,290,000 | $267,309 | $3,894 | 3.23% |
| 39% | 873 | $248,355,000 | $284,485 | $3,824 | 3.21% |
| 41% | 869 | $248,225,000 | $285,644 | $4,015 | 3.19% |
| 38% | 857 | $248,745,000 | $290,251 | $3,868 | 3.18% |
| 42% | 846 | $232,640,000 | $274,988 | $3,931 | 3.21% |
| 43% | 841 | $230,055,000 | $273,549 | $3,731 | 3.23% |
| 50-60% | 819 | $218,095,000 | $266,294 | $6,394 | 3.16% |
| 36% | 799 | $220,815,000 | $276,364 | $3,429 | 3.16% |
| 37% | 791 | $226,855,000 | $286,795 | $3,759 | 3.20% |
| 40% | 779 | $219,795,000 | $282,150 | $3,708 | 3.18% |
| 45% | 582 | $159,580,000 | $274,192 | $4,028 | 3.20% |
| 49% | 574 | $160,260,000 | $279,199 | $4,198 | 3.14% |
| 48% | 545 | $151,665,000 | $278,284 | $4,003 | 3.18% |
| 47% | 504 | $144,850,000 | $287,401 | $4,290 | 3.18% |
| 46% | 501 | $141,765,000 | $282,964 | $4,301 | 3.19% |
| >60% | 484 | $142,530,000 | $294,483 | $4,540 | 3.05% |
Swbc Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 5,425 originations. The next most common DTI ratio? 30-36%, with 4,358 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19,010 | $5,435,680,000 | $285,938 | $3,715 | 3.15% |
| Not provided | 2,602 | $767,290,000 | $294,885 | $4,050 | 3.13% |
| Black | 1,287 | $314,185,000 | $244,122 | $4,277 | 3.12% |
| Asian | 812 | $234,330,000 | $288,584 | $4,058 | 3.10% |
| American Indian | 156 | $40,900,000 | $262,179 | $4,396 | 3.13% |
| Asian Indian | 47 | $17,005,000 | $361,809 | $4,307 | 3.07% |
| Native Hawaiian | 23 | $6,185,000 | $268,913 | $5,393 | 3.19% |
| Filipino | 18 | $4,660,000 | $258,889 | $3,592 | 3.06% |
| Other Asian | 14 | $3,950,000 | $282,143 | $4,336 | 3.06% |
| Chinese | 9 | $2,595,000 | $288,333 | $4,719 | 3.18% |
| Korean | 7 | $1,795,000 | $256,429 | $4,326 | 3.21% |
| Vietnamese | 7 | $1,625,000 | $232,143 | $4,430 | 3.23% |
| Other Pacific Islander | 4 | $1,130,000 | $282,500 | $6,467 | 3.25% |
| Japanese | 4 | $900,000 | $225,000 | $3,862 | 3.09% |
| Guamanian | 1 | $475,000 | $475,000 | $1,277 | 3.25% |
| Native Hawiian | 1 | $275,000 | $275,000 | $4,604 | 3.13% |
Approval Rates
Total approvals of all applications97.08%
Swbc Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.64%
Swbc Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24,002 | $6,832,980,000 | $284,684 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 24 | $3,310,000 | $137,917 |
| Single Family (1-4 Units):Site-Built | 23,978 | $6,829,670,000 | $284,831 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 741 | $152,555,000 | $205,877 | $2,828 | 2.92% |
| 40-60% | 3,019 | $814,765,000 | $269,879 | $3,012 | 3.01% |
| 60-80% | 8,375 | $2,564,075,000 | $306,158 | $3,518 | 3.21% |
| 80-100% | 11,096 | $3,132,090,000 | $282,272 | $4,113 | 3.18% |
| Over 100% | 548 | $163,480,000 | $298,321 | $8,743 | 3.12% |
| Under 20% | 223 | $6,015,000 | $26,973 | $447 | 1.55% |