S W I Financial Services Inc Mortgage Rates, Fees & Info
Escondido, CALEI: 549300I1SRE27DRI6H56
Tax ID: 20-1631806
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Mortgage Data
Review & Overview
S W I Financial Services Inc is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. S W I Financial Services Inc has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, San Jose, and Oxnard among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)S W I Financial Services Inc 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 about average rates.
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Originations
66Origination Dollar Volume (All Markets)
$27,380,000Top 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 |
---|---|---|---|---|---|
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 50 | $21,540,000 | $430,800 | $0 | 4.79% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $2,835,000 | $315,000 | $0 | 4.90% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $0 | 4.81% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.63% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.50% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.25% |
Their top states include:
Product Mix
For 2018, S W I Financial Services Inc's most frequently originated type of loan was Conventional, with 48 originations. Their 2nd most popular type was VA, with 10 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 44 | $19,250,000 | $437,500 | $0 | 4.84% |
Cash Out Refi | 15 | $5,485,000 | $365,667 | $0 | 4.70% |
Refi | 7 | $2,645,000 | $377,857 | $0 | 4.68% |
For 2018, S W I Financial Services Inc's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2018, S W I Financial Services Inc's most frequently cited loan duration was 30 Year, with 63 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
S W I Financial Services Inc's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 39 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 46 | $19,000,000 | $413,043 |
5-6% | 13 | $5,315,000 | $408,846 |
3-4% | 5 | $2,135,000 | $427,000 |
6-7% | 1 | $145,000 | $145,000 |
7-8% | 1 | $785,000 | $785,000 |
During 2018, S W I Financial Services Inc's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 46 originations.
Loan Sizing
2018 saw S W I Financial Services Inc place emphasis on $400k-600k loans with 28 originations, totaling $13,700,000 in origination value.
Applicant Income
S W I Financial Services Inc lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
S W I Financial Services Inc lent most frequently to those with DTI ratios of 50-60%, with 7 originations. The next most common DTI ratio? 48%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
S W I Financial Services Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.33%
S W I Financial Services Inc has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
10582.43 | 1 | $485,000 | $485,000 |
11001.51 | 1 | $325,000 | $325,000 |
11199.45 | 1 | $635,000 | $635,000 |
11511.58 | 1 | $275,000 | $275,000 |
11715.59 | 1 | $455,000 | $455,000 |
11762.0 | 1 | $395,000 | $395,000 |
12349.22 | 1 | $415,000 | $415,000 |
12483.05 | 1 | $485,000 | $485,000 |
14160.37 | 1 | $415,000 | $415,000 |
14491.43 | 1 | $435,000 | $435,000 |
15155.38 | 1 | $455,000 | $455,000 |
16049.06 | 1 | $615,000 | $615,000 |
18582.55 | 1 | $595,000 | $595,000 |
19176.43 | 1 | $485,000 | $485,000 |
22633.18 | 1 | $495,000 | $495,000 |
24817.72 | 1 | $565,000 | $565,000 |
3510.54 | 1 | $315,000 | $315,000 |
3566.7 | 1 | $275,000 | $275,000 |
3625.78 | 1 | $425,000 | $425,000 |
3628.88 | 1 | $145,000 | $145,000 |
3678.88 | 1 | $205,000 | $205,000 |
3912.13 | 1 | $295,000 | $295,000 |
3954.46 | 1 | $455,000 | $455,000 |
4033.38 | 1 | $335,000 | $335,000 |
4189.0 | 1 | $345,000 | $345,000 |
4191.17 | 1 | $615,000 | $615,000 |
4271.16 | 1 | $375,000 | $375,000 |
4342.2 | 1 | $185,000 | $185,000 |
4403.5 | 1 | $485,000 | $485,000 |
4528.23 | 1 | $245,000 | $245,000 |
4618.91 | 1 | $125,000 | $125,000 |
4695.28 | 1 | $255,000 | $255,000 |
4695.96 | 1 | $235,000 | $235,000 |
4749.49 | 1 | $345,000 | $345,000 |
4784.38 | 1 | $465,000 | $465,000 |
4788.95 | 1 | $445,000 | $445,000 |
4889.71 | 1 | $305,000 | $305,000 |
4988.96 | 1 | $295,000 | $295,000 |
5085.65 | 1 | $215,000 | $215,000 |
5239.16 | 1 | $455,000 | $455,000 |
5252.74 | 1 | $305,000 | $305,000 |
5415.28 | 1 | $325,000 | $325,000 |
5468.6 | 1 | $305,000 | $305,000 |
5476.51 | 1 | $245,000 | $245,000 |
5691.7 | 1 | $295,000 | $295,000 |
5803.84 | 1 | $595,000 | $595,000 |
6101.46 | 1 | $435,000 | $435,000 |
6203.57 | 1 | $265,000 | $265,000 |
6257.13 | 1 | $545,000 | $545,000 |
6261.2 | 1 | $335,000 | $335,000 |
6287.25 | 1 | $645,000 | $645,000 |
6362.55 | 1 | $755,000 | $755,000 |
6392.13 | 1 | $575,000 | $575,000 |
6401.8 | 1 | $785,000 | $785,000 |
6437.21 | 1 | $475,000 | $475,000 |
6750.14 | 1 | $885,000 | $885,000 |
6860.57 | 1 | $325,000 | $325,000 |
6906.13 | 1 | $585,000 | $585,000 |
6955.95 | 1 | $525,000 | $525,000 |
7495.65 | 1 | $365,000 | $365,000 |
7624.11 | 1 | $555,000 | $555,000 |
7872.46 | 1 | $475,000 | $475,000 |
8363.87 | 1 | $485,000 | $485,000 |
8943.58 | 1 | $435,000 | $435,000 |
9805.25 | 1 | $345,000 | $345,000 |
NA | 1 | $145,000 | $145,000 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 2 | $760,000 | $380,000 |
Single Family (1-4 Units):Site-Built | 64 | $26,620,000 | $415,938 |