S W I Financial Services Inc Mortgage Rates, Fees & Info
Escondido, CALEI: 549300I1SRE27DRI6H56
Tax ID: 20-1631806
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
S W I Financial Services Inc is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and 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, Santa Rosa, and Los Angeles among others. We have data for 4 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 an above average pick rate when compared to similar lenders. 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.
Originations
71Origination Dollar Volume (All Markets)
$31,355,000Top 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) | 58 | $26,680,000 | $460,000 | $0 | 4.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $3,975,000 | $361,364 | $0 | 3.98% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 4.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 3.88% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $22,890,000 | $423,889 | $0 | 4.18% |
| VA | 9 | $4,925,000 | $547,222 | $0 | 3.96% |
| FHA | 8 | $3,540,000 | $442,500 | $0 | 4.17% |
For 2019, S W I Financial Services Inc's most frequently originated type of loan was Conventional, with 54 originations. Their 2nd most popular type was VA, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 30 | $13,480,000 | $449,333 | $0 | 4.25% |
| Cash Out Refi | 23 | $9,785,000 | $425,435 | $0 | 4.24% |
| Refi | 18 | $8,090,000 | $449,444 | $0 | 3.88% |
For 2019, S W I Financial Services Inc's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 68 | $30,500,000 | $448,529 | $0 | 4.19% |
| 15 Year | 3 | $855,000 | $285,000 | $0 | 3.33% |
For 2019, S W I Financial Services Inc's most frequently cited loan duration was 30 Year, with 68 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 68 | $30,010,000 | $441,324 |
| $2k-3k | 2 | $1,040,000 | $520,000 |
| $3k-4k | 1 | $305,000 | $305,000 |
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 68 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 40 | $17,170,000 | $429,250 |
| 4-5% | 26 | $11,630,000 | $447,308 |
| 5-6% | 3 | $1,445,000 | $481,667 |
| 2.5-3% | 1 | $455,000 | $455,000 |
| 7-8% | 1 | $655,000 | $655,000 |
During 2019, S W I Financial Services Inc's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 40 originations.
Loan Sizing
2019 saw S W I Financial Services Inc place emphasis on $400k-600k loans with 38 originations, totaling $18,360,000 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? $75k-100k, with 19 originations.
Applicant Debt to Income Ratio
S W I Financial Services Inc lent most frequently to those with DTI ratios of 30-36%, with 12 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.95%
S W I Financial Services Inc has an average approval rate.
Pick Rate
Approvals leading to origination90.14%
S W I Financial Services Inc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10659.99 | 1 | $485,000 | $485,000 |
| 11583.73 | 1 | $415,000 | $415,000 |
| 12293.71 | 1 | $505,000 | $505,000 |
| 12990.83 | 1 | $465,000 | $465,000 |
| 15949.0 | 1 | $595,000 | $595,000 |
| 17354.33 | 1 | $705,000 | $705,000 |
| 2210.78 | 1 | $415,000 | $415,000 |
| 2280.78 | 1 | $325,000 | $325,000 |
| 2603.9 | 1 | $465,000 | $465,000 |
| 2626.83 | 1 | $235,000 | $235,000 |
| 2629.7 | 1 | $465,000 | $465,000 |
| 2657.78 | 1 | $485,000 | $485,000 |
| 26854.83 | 1 | $625,000 | $625,000 |
| 2830.25 | 1 | $455,000 | $455,000 |
| 2904.78 | 1 | $585,000 | $585,000 |
| 3018.28 | 1 | $615,000 | $615,000 |
| 3184.54 | 1 | $785,000 | $785,000 |
| 3241.73 | 1 | $485,000 | $485,000 |
| 3260.0 | 1 | $475,000 | $475,000 |
| 3262.17 | 1 | $485,000 | $485,000 |
| 3307.17 | 1 | $465,000 | $465,000 |
| 3327.18 | 1 | $415,000 | $415,000 |
| 3363.2 | 1 | $345,000 | $345,000 |
| 3511.5 | 1 | $255,000 | $255,000 |
| 3526.84 | 1 | $895,000 | $895,000 |
| 3703.5 | 1 | $315,000 | $315,000 |
| 3782.17 | 1 | $355,000 | $355,000 |
| 3787.64 | 1 | $315,000 | $315,000 |
| 3870.54 | 1 | $385,000 | $385,000 |
| 3875.37 | 1 | $305,000 | $305,000 |
| 3892.73 | 1 | $455,000 | $455,000 |
| 3970.62 | 1 | $185,000 | $185,000 |
| 3995.46 | 1 | $325,000 | $325,000 |
| 4005.78 | 1 | $215,000 | $215,000 |
| 4079.61 | 1 | $485,000 | $485,000 |
| 4163.2 | 1 | $275,000 | $275,000 |
| 4187.45 | 1 | $325,000 | $325,000 |
| 4319.61 | 1 | $385,000 | $385,000 |
| 4334.61 | 1 | $475,000 | $475,000 |
| 4350.23 | 1 | $415,000 | $415,000 |
| 4482.69 | 1 | $295,000 | $295,000 |
| 4523.33 | 1 | $355,000 | $355,000 |
| 4613.02 | 1 | $505,000 | $505,000 |
| 4756.42 | 1 | $535,000 | $535,000 |
| 4896.28 | 1 | $165,000 | $165,000 |
| 4899.37 | 1 | $485,000 | $485,000 |
| 4971.6 | 1 | $455,000 | $455,000 |
| 5005.0 | 1 | $265,000 | $265,000 |
| 5069.28 | 1 | $485,000 | $485,000 |
| 5178.52 | 1 | $655,000 | $655,000 |
| 5306.78 | 1 | $475,000 | $475,000 |
| 5483.28 | 1 | $425,000 | $425,000 |
| 5601.46 | 1 | $445,000 | $445,000 |
| 5665.88 | 1 | $305,000 | $305,000 |
| 5670.68 | 1 | $495,000 | $495,000 |
| 5891.76 | 1 | $285,000 | $285,000 |
| 5898.95 | 1 | $265,000 | $265,000 |
| 6156.58 | 1 | $455,000 | $455,000 |
| 6320.21 | 1 | $575,000 | $575,000 |
| 6376.38 | 1 | $485,000 | $485,000 |
| 6572.52 | 1 | $575,000 | $575,000 |
| 6665.63 | 1 | $205,000 | $205,000 |
| 6945.28 | 1 | $675,000 | $675,000 |
| 6951.84 | 1 | $695,000 | $695,000 |
| 7114.92 | 1 | $505,000 | $505,000 |
| 7891.83 | 1 | $455,000 | $455,000 |
| 7991.68 | 1 | $525,000 | $525,000 |
| 8155.38 | 1 | $505,000 | $505,000 |
| 8627.44 | 1 | $265,000 | $265,000 |
| 8764.58 | 1 | $395,000 | $395,000 |
| 8972.24 | 1 | $485,000 | $485,000 |