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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.23% | 12/16/24 |
| 30 Year Conventional Refi | 6.68% | 12/16/24 |
| 30 Year Cash-out Refi | 6.87% | 12/16/24 |
| 30 Year FHA Purchase | 7.43% | 12/16/24 |
| 30 Year FHA Refi | 6.09% | 12/16/24 |
| 30 Year VA Purchase | 6.26% | 12/16/24 |
| 30 Year VA Refi | 6.09% | 12/16/24 |
| 30 Year USDA Purchase | 6.79% | 12/16/24 |
| 15 Year Conventional Refi | 5.81% | 12/16/24 |
| 15 Year Cash-out Refi | 5.81% | 12/16/24 |
| 15 Year FHA Refi | 6.76% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
121Origination Dollar Volume (All Markets)
$26,745,000Awards
SIWELL - 2022
SIWELL is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2022 saw Siwell place emphasis on $100k-200k loans with 55 originations, totaling $7,895,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications100.00%
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 origination81.82%
Siwell has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 121 | $26,745,000 | $221,033 |