Siwell Mortgage Rates, Fees & Info

LUBBOCK, TX

LEI: 549300QV3GEYMP1WSO93

Tax ID: 75-1791492

5 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Siwell is a smaller mortgage company specializing in Refi, Cash Out Refi, and 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 include Dallas, Lubbock, Philadelphia, Houston, and Huntington among others. Siwell has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Siwell is typically an average fee lendor.


Originations

491

Origination Dollar Volume (All Markets)

$111,915,000

Awards

SIWELL  30 Year Conventional Loans gold SIWELL  30 Year Conventional Loans gold SIWELL  VA Loans silver SIWELL  VA Loans bronze
Show all (4) awards

Relative Rate

Siwell 's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Siwell 's average total fees for a 30 year fixed rate mortgage are $4,987.

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 $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 53 $14,255,000 $268,962 $6,318 3.34%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 44 $10,360,000 $235,455 $4,047 2.74%
LUBBOCK, TX (FHA|USDA|VA) 54 $9,690,000 $179,444 $4,407 2.98%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 18 $4,860,000 $270,000 $5,826 2.62%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 18 $4,170,000 $231,667 $4,355 2.63%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 16 $3,900,000 $243,750 $5,354 2.76%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $3,520,000 $352,000 $3,302 2.70%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $3,470,000 $289,167 $4,417 2.70%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $2,965,000 $228,077 $4,822 3.04%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 10 $2,190,000 $219,000 $4,372 2.36%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,035,000 $290,714 $4,133 2.61%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $1,810,000 $301,667 $8,300 2.83%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $1,765,000 $196,111 $4,407 2.89%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,645,000 $329,000 $3,207 2.60%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,495,000 $299,000 $3,507 2.33%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,445,000 $206,429 $4,715 2.54%
CHARLESTON, WV (FHA|USDA|VA) 8 $1,350,000 $168,750 $4,949 2.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,280,000 $213,333 $4,173 2.92%
COLUMBUS, OH (FHA|USDA|VA) 9 $1,245,000 $138,333 $4,767 3.21%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,200,000 $300,000 $2,774 2.66%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,180,000 $590,000 $11,545 3.38%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 5 $1,155,000 $231,000 $3,212 2.45%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,060,000 $265,000 $4,374 2.16%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $1,045,000 $209,000 $2,974 3.20%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,040,000 $260,000 $4,696 2.66%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $3,969 2.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $985,000 $328,333 $3,197 2.63%
MISSOULA, MT (FHA|USDA|VA) 5 $965,000 $193,000 $2,989 3.00%
EL PASO, TX (FHA|USDA|VA) 1 $805,000 $805,000 $19,310 2.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $775,000 $258,333 $3,601 2.58%
WICHITA FALLS, TX (FHA|USDA|VA) 7 $725,000 $103,571 $5,399 3.13%
EspaƱola, NM (FHA|USDA|VA) 2 $680,000 $340,000 $4,561 2.75%
FRESNO, CA (FHA|USDA|VA) 3 $645,000 $215,000 $2,892 2.67%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $640,000 $320,000 $9,293 2.94%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $640,000 $320,000 $3,955 2.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $585,000 $195,000 $3,391 2.54%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $525,000 $175,000 $3,467 2.92%
Tullahoma-Manchester, TN (FHA|USDA|VA) 3 $505,000 $168,333 $3,572 2.58%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $495,000 $165,000 $3,998 3.04%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $490,000 $122,500 $2,759 2.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,867 2.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $480,000 $240,000 $2,150 2.44%
AMARILLO, TX (FHA|USDA|VA) 2 $470,000 $235,000 $4,484 2.69%
MORGANTOWN, WV (FHA|USDA|VA) 3 $455,000 $151,667 $4,359 2.50%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,353 2.88%
Corsicana, TX (FHA|USDA|VA) 3 $445,000 $148,333 $2,267 2.42%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $440,000 $220,000 $4,361 2.94%
MODESTO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $3,521 3.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $415,000 $415,000 $2,782 3.00%
Ruidoso, NM (FHA|USDA|VA) 2 $400,000 $200,000 $2,455 2.69%
BATON ROUGE, LA (FHA|USDA|VA) 2 $400,000 $200,000 $3,521 2.50%
MADISON, WI (FHA|USDA|VA) 1 $395,000 $395,000 $2,751 3.88%
Kalispell, MT (FHA|USDA|VA) 1 $395,000 $395,000 $4,238 3.00%
DOVER, DE (FHA|USDA|VA) 2 $390,000 $195,000 $4,141 2.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $380,000 $190,000 $4,626 2.50%
GETTYSBURG, PA (FHA|USDA|VA) 1 $365,000 $365,000 $13,079 3.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $350,000 $175,000 $3,318 2.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $345,000 $345,000 $9,342 3.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $335,000 $335,000 $6,309 2.75%
Auburn, IN (FHA|USDA|VA) 2 $330,000 $165,000 $2,187 2.13%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $320,000 $160,000 $4,110 2.50%
Portsmouth, OH (FHA|USDA|VA) 1 $305,000 $305,000 $5,153 2.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $305,000 $305,000 $2,489 2.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $305,000 $305,000 $3,753 2.75%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $295,000 $295,000 $4,419 2.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $295,000 $295,000 $10,542 2.88%
VICTORIA, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,365 3.25%
Milledgeville, GA (FHA|USDA|VA) 3 $285,000 $95,000 $3,928 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,022 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $285,000 $95,000 $4,128 2.96%
MIDLAND, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,469 2.63%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $275,000 $275,000 $3,598 2.25%
Astoria, OR (FHA|USDA|VA) 1 $275,000 $275,000 $3,994 2.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $4,318 2.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,989 2.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $265,000 $265,000 $3,623 2.13%
Brevard, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,555 3.63%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $2,359 2.88%
WILMINGTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $7,170 2.50%
Wapakoneta, OH (FHA|USDA|VA) 2 $240,000 $120,000 $5,537 3.06%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $235,000 $235,000 $2,671 2.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $235,000 $235,000 $5,541 2.75%
Whitewater, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,382 2.38%
Torrington, CT (FHA|USDA|VA) 1 $225,000 $225,000 $4,893 2.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $225,000 $225,000 $2,687 2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $6,756 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,318 2.88%
Mount Pleasant, TX (FHA|USDA|VA) 1 $215,000 $215,000 $1,026 2.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,938 2.38%
COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,860 2.13%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $205,000 $205,000 $2,543 2.38%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $200,000 $100,000 $3,066 2.81%
AKRON, OH (FHA|USDA|VA) 1 $195,000 $195,000 $6,604 3.63%
TOLEDO, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,934 3.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $5,008 3.13%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,577 2.13%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $185,000 $185,000 $3,297 2.50%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $175,000 $175,000 $4,702 2.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,455 1.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $170,000 $85,000 $1,958 2.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,580 2.38%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $155,000 $155,000 $4,697 2.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,932 2.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,231 3.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,274 2.75%
Shelbyville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,734 2.25%
Moses Lake, WA (FHA|USDA|VA) 1 $145,000 $145,000 $2,552 2.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,168 2.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,576 3.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $145,000 $145,000 $5,053 3.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $135,000 $135,000 $4,987 3.25%
Bellefontaine, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,891 3.38%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 2 $130,000 $65,000 $3,192 2.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,457 2.75%
Salem, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,710 2.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $125,000 $125,000 $3,186 1.88%
CHICO, CA (FHA|USDA|VA) 1 $115,000 $115,000 $2,786 2.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,597 3.38%
Washington Court House, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,969 2.75%
ROANOKE, VA (FHA|USDA|VA) 1 $105,000 $105,000 $5,089 1.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,580 3.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,297 3.25%
OCALA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,728 2.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $105,000 $105,000 $1,348 1.75%
FLINT, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,359 2.63%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,430 2.38%
SUMTER, SC (FHA|USDA|VA) 1 $85,000 $85,000 $4,239 2.38%

Siwell 's top markets include Dallas, Lubbock, Philadelphia, Houston, and Huntington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 397 $90,185,000 $227,166 $4,215 2.80%
FHA 48 $9,670,000 $201,458 $7,284 3.19%
VA 39 $11,125,000 $285,256 $4,842 2.53%
USDA 7 $935,000 $133,571 $4,771 3.16%

For the 2021 period, Siwell 's most frequently originated loan type of loans were Conventional, with 397 originations. Their 2nd most popular type is FHA, with 48 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 228 $49,050,000 $215,132 $3,928 2.59%
Cash Out Refi 156 $37,070,000 $237,628 $4,652 2.87%
Home Purchase 107 $25,795,000 $241,075 $5,830 3.25%

For the 2021, Siwell 's most frequently cited loan purpose of loans were Refi, with 228 originations. The 2nd most popular reason of loans were Cash Out Refi, with 156 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 321 $77,735,000 $242,165 $4,987 3.04%
15 Year 101 $21,185,000 $209,752 $3,818 2.24%
20 Year 52 $10,000,000 $192,308 $3,785 2.75%
Other 9 $1,355,000 $150,556 $3,440 2.25%
10 Year 7 $1,185,000 $169,286 $3,446 2.04%
30+ year 1 $455,000 $455,000 $6,610 5.88%

For the 2021, Siwell 's most frequently cited loan length of loans were 30 Year, with 321 originations. The 2nd most popular length of loans were 15 Year, with 101 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 254 $55,460,000 $218,346
$<1k 81 $16,535,000 $204,136
$2k-3k 76 $17,310,000 $227,763
$3k-4k 59 $14,825,000 $251,271
$5k+ 21 $7,785,000 $370,714

$4,987 of loans were Siwell 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 254 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 179 $40,725,000 $227,514
<2.5% 172 $37,810,000 $219,826
3-4% 129 $30,635,000 $237,481
4-5% 10 $2,290,000 $229,000
5-6% 1 $455,000 $455,000

During 2021, Siwell 's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 179 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 207 $31,655,000 $152,923 $3,950 2.79%
$200k-400k 200 $54,960,000 $274,800 $5,045 2.82%
$100,000 or less 40 $3,100,000 $77,500 $3,310 2.85%
$400k-600k 37 $17,335,000 $468,514 $5,498 2.88%
$600k-1MM 7 $4,865,000 $695,000 $11,809 3.45%

2021 saw Siwell place emphasis on $100k-200k loans with 207 originations, totaling $31,655,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 113 $28,645,000 $253,496 $5,081 2.89%
$50k-75k 96 $17,620,000 $183,542 $4,626 2.80%
$75k-100k 92 $20,590,000 $223,804 $4,525 2.82%
$50k or less 61 $7,745,000 $126,967 $3,722 2.92%
$150k-250k 54 $16,380,000 $303,333 $4,712 2.74%
$250k+ 32 $10,100,000 $315,625 $4,644 2.88%

Siwell lent most frequently to those with incomes in the $100k-150k range, with 113 originations. The second most popular income band? $50k-75k, with 96 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 32 $6,780,000 $211,875 $4,596 2.86%
30-36% 21 $4,515,000 $215,000 $5,190 3.09%
43% 10 $3,200,000 $320,000 $5,277 3.26%
<20% 10 $1,560,000 $156,000 $4,512 2.80%
45% 8 $1,980,000 $247,500 $5,935 2.77%
38% 6 $1,090,000 $181,667 $3,853 2.54%
42% 4 $980,000 $245,000 $5,795 3.00%
36% 4 $1,150,000 $287,500 $5,247 2.84%
44% 3 $535,000 $178,333 $2,823 2.33%
40% 3 $775,000 $258,333 $3,342 2.46%
41% 3 $695,000 $231,667 $5,597 3.38%
46% 2 $520,000 $260,000 $3,773 2.81%
39% 2 $890,000 $445,000 $4,364 3.50%
37% 2 $370,000 $185,000 $7,878 3.19%
48% 2 $690,000 $345,000 $5,251 3.44%
49% 2 $550,000 $275,000 $5,035 3.00%
47% 1 $205,000 $205,000 $6,045 4.13%
50-60% 1 $335,000 $335,000 $9,747 3.38%

Siwell lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 21 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 344 $75,520,000 $219,535 $4,430 2.83%
Not provided 89 $23,345,000 $262,303 $4,918 2.68%
Black 51 $10,895,000 $213,627 $5,083 3.05%
Asian 6 $1,780,000 $296,667 $3,698 2.50%
Native Hawaiian 1 $375,000 $375,000 $2,102 2.50%

Approval Rates

Total approvals of all applications
95.68%

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 origination
76.16%

Siwell has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 491 $111,915,000 $227,933

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
491 $111,915,000 $227,933

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 9 $1,265,000 $140,556 $2,671 2.79%
40-60% 43 $9,495,000 $220,814 $3,872 2.63%
60-80% 55 $14,085,000 $256,091 $4,868 2.95%
80-100% 35 $9,355,000 $267,286 $6,636 3.11%