Skyline Financial Corp. Mortgage Rates, Fees & Info

GOLD RIVER, CA

LEI: 549300NBGW1X7TF53B67

Tax ID: 95-3990375

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Skyline Financial Corp. is a smaller mortgage company specializing in Home Purchase loans. Skyline Financial Corp. 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 by origination volume include: Los Angeles, San Diego, Dallas, Riverside, and Phoenix among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Skyline Financial Corp. 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. Skyline Financial Corp. is typically an average 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.

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    Originations

    1,293

    Origination Dollar Volume (All Markets)

    $512,795,000
    Show all (13) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 517 $251,565,000 $486,586 $6,365 4.48%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 141 $68,085,000 $482,872 $6,799 4.42%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 131 $40,755,000 $311,107 $7,570 4.44%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 89 $29,125,000 $327,247 $5,810 4.57%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 119 $24,885,000 $209,118 $5,038 4.89%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 38 $20,360,000 $535,789 $7,782 4.55%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 37 $11,155,000 $301,486 $7,228 4.45%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 30 $9,690,000 $323,000 $6,189 4.59%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 22 $8,990,000 $408,636 $4,600 4.43%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $5,460,000 $546,000 $8,162 4.55%
    LEWISTON, ID-WA (FHA|USDA|VA) 16 $3,130,000 $195,625 $4,861 4.34%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $3,045,000 $609,000 $6,826 4.43%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 16 $2,880,000 $180,000 $4,005 4.44%
    Outside of Metro Areas 8 $2,360,000 $295,000 $4,732 4.63%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 9 $2,295,000 $255,000 $4,099 4.76%
    YAKIMA, WA (FHA|USDA|VA) 12 $2,240,000 $186,667 $7,328 4.63%
    BEND, OR (FHA|USDA|VA) 9 $2,095,000 $232,778 $4,852 4.63%
    TUCSON, AZ (FHA|USDA|VA) 6 $2,080,000 $346,667 $3,309 4.71%
    BAKERSFIELD, CA (FHA|USDA|VA) 9 $2,005,000 $222,778 $4,628 4.18%
    URBAN HONOLULU, HI (FHA|USDA|VA) 3 $1,845,000 $615,000 $8,156 5.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $1,750,000 $437,500 $4,255 4.13%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,675,000 $558,333 $4,821 4.29%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,015,000 $338,333 $8,459 4.88%
    VALLEJO, CA (FHA|USDA|VA) 3 $995,000 $331,667 $4,928 3.96%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $715,000 $238,333 $5,853 4.58%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $660,000 $330,000 $4,525 3.94%
    SALEM, OR (FHA|USDA|VA) 2 $610,000 $305,000 $9,450 4.31%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $5,893 5.25%
    Pullman, WA (FHA|USDA|VA) 3 $545,000 $181,667 $4,343 4.67%
    MODESTO, CA (FHA|USDA|VA) 2 $540,000 $270,000 $3,539 4.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $500,000 $250,000 $9,717 4.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $495,000 $495,000 $2,870 4.88%
    EL PASO, TX (FHA|USDA|VA) 2 $490,000 $245,000 $4,436 4.38%
    FRESNO, CA (FHA|USDA|VA) 2 $470,000 $235,000 $4,643 4.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $470,000 $235,000 $4,566 4.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $460,000 $230,000 $2,550 3.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $425,000 $425,000 $3,460 4.13%
    SALINAS, CA (FHA|USDA|VA) 1 $405,000 $405,000 $12,612 4.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,676 4.31%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $375,000 $375,000 $6,641 4.25%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $375,000 $375,000 $8,392 4.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $365,000 $365,000 $5,418 3.50%
    Klamath Falls, OR (FHA|USDA|VA) 1 $365,000 $365,000 $4,814 4.38%
    Outside of Metro Areas 1 $355,000 $355,000 $5,340 4.38%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $340,000 $170,000 $3,722 4.50%
    Show Low, AZ (FHA|USDA|VA) 2 $330,000 $165,000 $6,268 5.13%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $275,000 $275,000 $3,661 3.88%
    REDDING, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,437 4.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $5,614 4.38%
    STOCKTON, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,458 4.13%
    Heber, UT (FHA|USDA|VA) 1 $245,000 $245,000 $3,686 4.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $235,000 $235,000 $1,462 3.88%
    Hilo, HI (FHA|USDA|VA) 1 $225,000 $225,000 $5,174 4.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $195,000 $195,000 $11,267 4.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,116 5.38%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $175,000 $175,000 $5,843 4.63%
    CHICO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $5,766 5.13%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $155,000 $155,000 $7,185 4.50%
    MERCED, CA (FHA|USDA|VA) 1 $155,000 $155,000 $6,446 4.13%
    BOISE CITY, ID (FHA|USDA|VA) 1 $135,000 $135,000 $3,139 5.00%
    Shelton, WA (FHA|USDA|VA) 1 $115,000 $115,000 $3,759 4.63%
    Prineville, OR (FHA|USDA|VA) 1 $75,000 $75,000 $4,338 4.13%
    Skyline Financial Corp.'s top markets include Los Angeles, San Diego, Dallas, Riverside, and Phoenix among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

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

    People's Community Federal Credit Union
    Similarity Rank: 33
    Maui County Federal Credit Union
    Similarity Rank: 51
    MYPOINT Credit Union
    Similarity Rank: 55
    American Savings Bank, FSB
    Similarity Rank: 76
    Central Pacific Bank
    Similarity Rank: 95
    Bank of Hawaii
    Similarity Rank: 116
    Montecito Bank & Trust
    Similarity Rank: 126
    First Hawaiian Bank
    Similarity Rank: 160
    FRONTWAVE
    Similarity Rank: 176
    CBC Federal Credit Union
    Similarity Rank: 189

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 972 $404,620,000 $416,276 $5,433 4.56%
    FHA 211 $66,265,000 $314,052 $10,092 4.48%
    VA 104 $40,550,000 $389,904 $6,575 4.21%
    USDA 6 $1,360,000 $226,667 $5,357 4.25%

    For 2018, Skyline Financial Corp.'s most frequently originated type of loan was Conventional, with 972 originations. Their 2nd most popular type was FHA, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 914 $353,720,000 $387,002 $6,814 4.54%
    Cash Out Refi 202 $79,250,000 $392,327 $5,382 4.58%
    Refi 156 $72,220,000 $462,949 $4,640 4.33%
    Home Improvement 21 $7,605,000 $362,143 $4,790 4.51%

    For 2018, Skyline Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 914 originations. The 2nd most popular reason was Cash Out Refi, with 202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,246 $500,940,000 $402,039 $6,361 4.54%
    15 Year 29 $7,695,000 $265,345 $4,641 4.04%
    20 Year 16 $3,650,000 $228,125 $3,885 4.09%
    10 Year 1 $65,000 $65,000 $3,110 3.88%
    Other 1 $445,000 $445,000 $3,123 3.99%

    For 2018, Skyline Financial Corp.'s most frequently cited loan duration was 30 Year, with 1,246 originations. The 2nd most popular length was 15 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 829 $327,565,000 $395,133
    $2k-3k 126 $42,960,000 $340,952
    $5k+ 86 $51,320,000 $596,744
    $<1k 79 $24,615,000 $311,582
    $3k-4k 79 $32,575,000 $412,342
    $4k-5k 56 $24,040,000 $429,286

    Skyline Financial Corp.'s average total fees were $6,361, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 829 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,001 $404,735,000 $404,331
    3-4% 160 $63,020,000 $393,875
    5-6% 126 $43,000,000 $341,270
    6-7% 5 $1,665,000 $333,000
    7-8% 1 $375,000 $375,000

    During 2018, Skyline Financial Corp.'s average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 1,001 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 553 $163,595,000 $295,832 $6,101 4.49%
    $400k-600k 354 $168,990,000 $477,373 $6,589 4.48%
    $100k-200k 184 $29,210,000 $158,750 $4,557 4.70%
    $600k-1MM 165 $115,255,000 $698,515 $7,658 4.51%
    $1MM+ 26 $34,880,000 $1,341,538 $9,809 4.43%
    $100,000 or less 11 $865,000 $78,636 $3,496 4.38%

    2018 saw Skyline Financial Corp. place emphasis on $200k-400k loans with 553 originations, totaling $163,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 361 $148,105,000 $410,263 $6,447 4.50%
    $150k-250k 262 $137,780,000 $525,878 $6,749 4.55%
    $75k-100k 238 $81,890,000 $344,076 $6,133 4.49%
    $50k-75k 206 $53,890,000 $261,602 $6,137 4.54%
    $50k or less 119 $21,375,000 $179,622 $4,846 4.63%
    $250k+ 92 $64,720,000 $703,478 $7,112 4.50%

    Skyline Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 361 originations. The second most popular income band? $150k-250k, with 262 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 175 $70,045,000 $400,257 $5,696 4.50%
    20-30% 136 $50,750,000 $373,162 $5,718 4.49%
    50-60% 117 $45,405,000 $388,077 $8,715 4.38%
    49% 96 $36,360,000 $378,750 $6,185 4.53%
    44% 81 $28,495,000 $351,790 $6,683 4.61%
    41% 69 $27,725,000 $401,812 $6,166 4.58%
    42% 68 $37,430,000 $550,441 $6,158 4.67%
    47% 62 $23,550,000 $379,839 $5,866 4.43%
    46% 60 $22,040,000 $367,333 $6,147 4.57%
    43% 59 $20,985,000 $355,678 $5,775 4.55%
    48% 58 $23,600,000 $406,897 $6,637 4.61%
    40% 53 $23,185,000 $437,453 $6,842 4.53%
    45% 49 $17,495,000 $357,041 $5,372 4.56%
    39% 48 $18,610,000 $387,708 $6,150 4.59%
    37% 47 $18,805,000 $400,106 $5,813 4.62%
    38% 42 $19,860,000 $472,857 $7,019 4.54%
    <20% 27 $9,395,000 $347,963 $4,835 4.42%
    36% 27 $12,255,000 $453,889 $6,826 4.38%
    >60% 5 $2,305,000 $461,000 $6,417 4.38%

    Skyline Financial Corp. lent most frequently to those with DTI ratios of 30-36%, with 175 originations. The next most common DTI ratio? 20-30%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 898 $360,700,000 $401,670 $6,079 4.53%
    Not provided 232 $93,860,000 $404,569 $6,352 4.54%
    Black 78 $27,980,000 $358,718 $8,494 4.43%
    Asian 70 $25,380,000 $362,571 $6,136 4.44%
    American Indian 6 $2,180,000 $363,333 $7,650 4.19%
    Native Hawaiian or Islander 4 $1,060,000 $265,000 $5,544 4.31%
    Asian Indian 2 $700,000 $350,000 $7,768 4.50%
    Japanese 2 $690,000 $345,000 $7,653 4.88%
    Filipino 1 $245,000 $245,000 $6,897 4.25%

    Approval Rates

    Total approvals of all applications
    96.29%

    Skyline Financial Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    51.97%

    Skyline Financial Corp. 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 1,293 $512,795,000 $396,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $2,350,000 $195,833
    Single Family (1-4 Units):Site-Built 1,281 $510,445,000 $398,474

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $17,290,000 $288,167 $4,690 4.34%
    40-60% 158 $66,440,000 $420,506 $5,321 4.42%
    60-80% 410 $186,360,000 $454,537 $5,585 4.58%
    80-100% 631 $232,245,000 $368,059 $7,096 4.53%
    Over 100% 24 $8,410,000 $350,417 $8,891 4.26%
    Under 20% 10 $2,050,000 $205,000 $4,757 4.28%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Selene Finance LP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 1.9%
    Selene Finance LP Conventional home mortgage Closing on a mortgage 2 0.9%
    Selene Finance LP Conventional home mortgage Incorrect information on your report 1 0.5%
    Selene Finance LP Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.5%
    Selene Finance LP Conventional home mortgage Struggling to pay mortgage 62 29.0%
    Selene Finance LP Conventional home mortgage Trouble during payment process 39 18.2%
    Selene Finance LP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.5%
    Selene Finance LP FHA mortgage Closing on a mortgage 2 0.9%
    Selene Finance LP FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.5%
    Selene Finance LP FHA mortgage Struggling to pay mortgage 16 7.5%
    Selene Finance LP FHA mortgage Trouble during payment process 26 12.1%
    Selene Finance LP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 0.5%
    Selene Finance LP Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.5%
    Selene Finance LP Home equity loan or line of credit (HELOC) Trouble during payment process 3 1.4%
    Selene Finance LP Other type of mortgage Closing on a mortgage 1 0.5%
    Selene Finance LP Other type of mortgage Incorrect information on your report 2 0.9%
    Selene Finance LP Other type of mortgage Struggling to pay mortgage 10 4.7%
    Selene Finance LP Other type of mortgage Trouble during payment process 15 7.0%
    Selene Finance LP VA mortgage Applying for a mortgage or refinancing an existing mortgage 4 1.9%
    Selene Finance LP VA mortgage Closing on a mortgage 2 0.9%
    Selene Finance LP VA mortgage Trouble during payment process 20 9.3%