Siwell Mortgage Rates, Fees & Info

LUBBOCK, TX

LEI: 549300QV3GEYMP1WSO93

Tax ID: 75-1791492

5 stars - Updated: 3/3/24 - out of 5 stars, based on 11 reviews

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

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Mortgage Data

Review & Overview

Siwell is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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: Lubbock, Dallas, Charleston, Austin, and Washington among others. We have data for 50 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. Siwell 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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.23% 3/3/24
30 Year Conventional Refi 6.68% 3/3/24
30 Year Cash-out Refi 6.87% 3/3/24
30 Year FHA Purchase 7.43% 3/3/24
30 Year FHA Refi 6.09% 3/3/24
30 Year VA Purchase 6.26% 3/3/24
30 Year VA Refi 6.09% 3/3/24
30 Year USDA Purchase 6.79% 3/3/24
15 Year Conventional Refi 5.81% 3/3/24
15 Year Cash-out Refi 5.81% 3/3/24
15 Year FHA Refi 6.76% 3/3/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Siwell. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

121

Origination Dollar Volume (All Markets)

$26,745,000

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 mortgage rate was 4.48%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.28%.

Relative Fees (Closing Costs)

Siwell's average total fees/closing costs for a 30 year fixed rate mortgage were $6,675.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Outside of Metro Areas 18 $4,660,000 $258,889 $10,108 5.76%
LUBBOCK, TX (FHA|USDA|VA) 22 $4,100,000 $186,364 $5,552 4.35%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $2,215,000 $246,111 $5,306 3.64%
CHARLESTON, WV (FHA|USDA|VA) 7 $1,225,000 $175,000 $6,004 3.59%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,215,000 $405,000 $5,970 3.21%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $950,000 $237,500 $4,561 3.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $885,000 $295,000 $4,534 3.63%
AMARILLO, TX (FHA|USDA|VA) 3 $765,000 $255,000 $8,952 4.38%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $645,000 $645,000 $7,781 4.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $645,000 $645,000 $6,554 6.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $610,000 $305,000 $4,209 2.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $595,000 $198,333 $4,591 3.46%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $545,000 $545,000 $14,558 6.63%
MORGANTOWN, WV (FHA|USDA|VA) 2 $490,000 $245,000 $12,242 5.13%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $440,000 $220,000 $5,326 4.63%
MIDLAND, TX (FHA|USDA|VA) 1 $415,000 $415,000 $17,207 3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,740 2.81%
COLUMBUS, OH (FHA|USDA|VA) 2 $400,000 $200,000 $5,864 5.94%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $400,000 $200,000 $6,510 3.19%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $365,000 $365,000 $4,334 3.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $330,000 $165,000 $4,307 4.00%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $325,000 $325,000 $8,380 2.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,123 3.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $280,000 $140,000 $2,939 2.31%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $275,000 $275,000 $7,846 2.50%
Clarksburg, WV (FHA|USDA|VA) 1 $265,000 $265,000 $3,362 3.75%
WACO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $205,000 $205,000 $11,278 2.88%
RICHMOND, VA (FHA|USDA|VA) 1 $185,000 $185,000 $2,998 2.88%
Fairmont, WV (FHA|USDA|VA) 1 $155,000 $155,000 $9,044 4.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $145,000 $145,000 $7,171 2.38%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $145,000 $145,000 $2,669 5.50%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $135,000 $135,000 $4,405 2.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,559 2.50%
Torrington, CT (FHA|USDA|VA) 1 $135,000 $135,000 $4,673 2.75%
Wapakoneta, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,937 3.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $7,498 2.75%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $125,000 $125,000 $4,319 2.38%
Mount Vernon, OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,022 6.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,100 4.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $115,000 $115,000 $4,241 2.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $7,685 2.75%
Van Wert, OH (FHA|USDA|VA) 1 $105,000 $105,000 $6,014 3.25%
Ruidoso, NM (FHA|USDA|VA) 1 $95,000 $95,000 $4,991 3.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,849 2.38%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,816 3.13%
LIMA, OH (FHA|USDA|VA) 1 $85,000 $85,000 $6,018 6.25%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 1 $75,000 $75,000 $4,406 4.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $75,000 $75,000 $4,468 7.13%
Zanesville, OH (FHA|USDA|VA) 1 $65,000 $65,000 $5,249 4.50%
Siwell's top markets include Lubbock, Dallas, Charleston, Austin, and Washington among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • United States Virgin Islands (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • 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.

    Huntington Federal Savings Bank
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    First Hawaiian Bank
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    Bank of Hawaii
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    Community Trust Bank, Inc.
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    U S WIDE FINANCIAL LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $17,130,000 $231,486 $5,947 4.09%
    FHA 31 $5,505,000 $177,581 $7,531 4.44%
    VA 11 $3,335,000 $303,182 $7,073 3.81%
    USDA 5 $775,000 $155,000 $5,128 3.88%

    For 2022, Siwell's most frequently originated type of loan was Conventional, with 74 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $12,185,000 $238,922 $7,761 5.14%
    Refi 37 $7,645,000 $206,622 $5,566 3.14%
    Cash Out Refi 33 $6,915,000 $209,545 $5,291 3.74%

    For 2022, Siwell's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 99 $22,145,000 $223,687 $6,675 4.48%
    15 Year 15 $3,125,000 $208,333 $5,052 2.38%
    20 Year 6 $1,220,000 $203,333 $6,001 3.06%
    Other 1 $255,000 $255,000 $5,173 3.50%

    For 2022, Siwell's most frequently cited loan duration was 30 Year, with 99 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 42 $9,420,000 $224,286
    $2k-3k 20 $3,420,000 $171,000
    $5k+ 19 $5,715,000 $300,789
    $3k-4k 18 $3,710,000 $206,111
    $<1k 16 $2,690,000 $168,125
    $4k-5k 5 $1,545,000 $309,000

    Siwell's average total fees were $6,675, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 41 $8,845,000 $215,732
    4-5% 21 $4,445,000 $211,667
    <2.5% 16 $3,300,000 $206,250
    2.5-3% 15 $3,155,000 $210,333
    6-7% 11 $2,625,000 $238,636
    5-6% 8 $2,510,000 $313,750
    7-8% 8 $1,480,000 $185,000
    Over 8% 1 $385,000 $385,000

    During 2022, Siwell's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 3-4%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 55 $7,895,000 $143,545 $5,509 4.01%
    $200k-400k 48 $13,400,000 $279,167 $7,273 4.12%
    $100,000 or less 10 $830,000 $83,000 $4,411 4.66%
    $400k-600k 5 $2,485,000 $497,000 $10,625 3.88%
    $600k-1MM 3 $2,135,000 $711,667 $9,666 5.71%

    2022 saw Siwell place emphasis on $100k-200k loans with 55 originations, totaling $7,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $7,025,000 $242,241 $6,331 4.41%
    $50k-75k 25 $4,465,000 $178,600 $6,652 4.34%
    $50k or less 23 $2,695,000 $117,174 $4,302 4.02%
    $75k-100k 20 $4,340,000 $217,000 $7,326 3.83%
    $150k-250k 11 $4,025,000 $365,909 $7,716 4.38%
    $250k+ 3 $1,565,000 $521,667 $14,157 5.71%

    Siwell lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 25 $4,765,000 $190,600 $5,612 3.99%
    30-36% 13 $3,765,000 $289,615 $7,125 4.93%
    43% 12 $2,480,000 $206,667 $6,802 4.85%
    44% 9 $2,005,000 $222,778 $4,622 3.57%
    41% 6 $1,880,000 $313,333 $7,261 5.48%
    50-60% 6 $1,220,000 $203,333 $10,000 3.94%
    42% 5 $1,305,000 $261,000 $8,555 5.50%
    37% 5 $665,000 $133,000 $4,883 4.85%
    46% 5 $565,000 $113,000 $4,994 3.70%
    39% 4 $840,000 $210,000 $5,767 4.09%
    <20% 4 $710,000 $177,500 $5,163 3.75%
    47% 4 $890,000 $222,500 $13,964 4.09%
    36% 3 $525,000 $175,000 $3,858 3.67%
    45% 3 $1,165,000 $388,333 $6,295 3.00%
    48% 3 $435,000 $145,000 $5,895 2.67%
    40% 2 $580,000 $290,000 $6,171 3.06%
    49% 1 $195,000 $195,000 $7,657 4.50%
    38% 1 $125,000 $125,000 $3,102 3.25%

    Siwell lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $19,150,000 $199,479 $5,931 3.98%
    Not provided 13 $3,945,000 $303,462 $6,965 4.63%
    Black 11 $3,355,000 $305,000 $9,225 4.99%
    American Indian 1 $295,000 $295,000 $15,633 4.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    81.82%

    Siwell has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 121 $26,745,000 $221,033

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    121 $26,745,000 $221,033

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,000,000 $166,667 $5,301 4.40%
    40-60% 28 $5,640,000 $201,429 $4,513 3.50%
    60-80% 43 $9,135,000 $212,442 $6,721 3.96%
    80-100% 44 $10,970,000 $249,318 $7,514 4.70%