Siwell Mortgage Rates, Fees & Info
LUBBOCK, TXLEI: 549300QV3GEYMP1WSO93
Tax ID: 75-1791492
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Mortgage Data
Review & Overview
Siwell is a smaller mortgage company specializing in Home Purchase loans. Siwell 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: Columbus, Lubbock, Houston, Wapakoneta, and Zanesville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Siwell 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 8.26% | 4/17/25 |
| 30 Year Cash-out Refi | 8.77% | 4/17/25 |
| 30 Year FHA Purchase | 7.63% | 4/17/25 |
| 30 Year FHA Refi | 6.72% | 4/17/25 |
| 30 Year VA Purchase | 8.05% | 4/17/25 |
| 30 Year USDA Purchase | 7.79% | 4/17/25 |
| 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. | ||
Siwell Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
30Origination Dollar Volume (All Markets)
$7,570,000Relative Rate
Siwell's average 30 year fixed mortgage rate was
7.6%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.05%.
Top Markets
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 16 | $4,780,000 | $298,750 | $0 | 7.76% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 7.45% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 6.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.88% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.63% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.13% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.63% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SIWELL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
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Similarity Rank: 224
Similarity Rank: 328
Product Mix
For 2024, Siwell's most frequently originated type of loan was Conventional, with 20 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 27 | $6,845,000 | $253,519 | $0 | 7.49% |
| Cash Out Refi | 3 | $725,000 | $241,667 | $0 | 8.58% |
For 2024, Siwell's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 30 | $7,570,000 | $252,333 | $0 | 7.60% |
For 2024, Siwell's most frequently cited loan duration was 30 Year, with 30 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 18 | $5,200,000 | $288,889 |
| $<1k | 6 | $1,220,000 | $203,333 |
Siwell's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 14 | $3,930,000 | $280,714 |
| 7-8% | 11 | $2,225,000 | $202,273 |
| 6-7% | 3 | $885,000 | $295,000 |
| <2.5% | 1 | $345,000 | $345,000 |
| 5-6% | 1 | $185,000 | $185,000 |
During 2024, Siwell's average interest rate for loans was 7.60%, while their most frequently originated rate bucket for loans was Over 8%, with 14 originations.
Loan Sizing
2024 saw Siwell place emphasis on $100k-200k loans with 13 originations, totaling $2,065,000 in origination value.
Applicant Income
Siwell lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
Siwell lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? <20%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.36%
Siwell has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination0.00%
Siwell 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 |
|---|---|---|---|
| 10097.8 | 1 | $365,000 | $365,000 |
| 1113.36 | 1 | $275,000 | $275,000 |
| 1165.08 | 1 | $415,000 | $415,000 |
| 1169.64 | 1 | $195,000 | $195,000 |
| 1195.0 | 2 | $370,000 | $185,000 |
| 13545.14 | 1 | $485,000 | $485,000 |
| 14198.13 | 1 | $545,000 | $545,000 |
| 1457.6 | 1 | $105,000 | $105,000 |
| 2548.45 | 1 | $105,000 | $105,000 |
| 2686.2 | 1 | $135,000 | $135,000 |
| 2978.25 | 1 | $175,000 | $175,000 |
| 3043.08 | 1 | $305,000 | $305,000 |
| 3305.0 | 1 | $115,000 | $115,000 |
| 3483.53 | 1 | $265,000 | $265,000 |
| 359.64 | 1 | $185,000 | $185,000 |
| 3823.62 | 1 | $155,000 | $155,000 |
| 4106.2 | 1 | $245,000 | $245,000 |
| 4468.6 | 1 | $155,000 | $155,000 |
| 4524.09 | 1 | $255,000 | $255,000 |
| 4884.93 | 1 | $175,000 | $175,000 |
| 5519.5 | 1 | $195,000 | $195,000 |
| 5895.16 | 1 | $285,000 | $285,000 |
| 6381.16 | 1 | $255,000 | $255,000 |
| 7015.46 | 1 | $385,000 | $385,000 |
| 7609.4 | 1 | $305,000 | $305,000 |
| 7646.64 | 1 | $315,000 | $315,000 |
| 9329.84 | 1 | $345,000 | $345,000 |
| 9614.6 | 1 | $385,000 | $385,000 |
| NA | 1 | $75,000 | $75,000 |