S&s Financial Mortgage Rates, Fees & Info
Sheridan, WYLEI: 549300SRKBH68TX76851
Tax ID: 47-3715280
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Mortgage Data
Review & Overview
S&s Financial is a smaller mortgage company specializing in Refi and Home Purchase loans. S&s Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, College Station, Nashville, and Dallas among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)S&s Financial has an above average approval rate when compared to the average across all lenders. S&s Financial is typically a low 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 | 7.25% | 4/5/25 |
| 30 Year Conventional Refi | 7.10% | 4/5/25 |
| 30 Year VA Refi | 6.05% | 4/5/25 |
| 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. | ||
S&s Financial Mortgage Calculator
Your Estimates
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This is not an official calculator from S&s Financial. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13Origination Dollar Volume (All Markets)
$6,475,000Relative Rate
S&s Financial's average 30 year fixed mortgage rate was
6.8%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.25%.
Relative Fees (Closing Costs)
S&s Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,918.
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 $8,356.
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) | 8 | $4,290,000 | $536,250 | $4,009 | 6.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,965 | 6.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,315 | 5.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,350 | 5.99% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,262 | 7.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against S&S Financial 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $5,435,000 | $494,091 | $4,024 | 6.98% |
| VA | 2 | $1,040,000 | $520,000 | $3,332 | 5.81% |
For 2024, S&s Financial's most frequently originated type of loan was Conventional, with 11 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 9 | $4,735,000 | $526,111 | $2,539 | 6.64% |
| Home Purchase | 4 | $1,740,000 | $435,000 | $7,019 | 7.16% |
For 2024, S&s Financial's most frequently cited loan purpose was Refi, with 9 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 13 | $6,475,000 | $498,077 | $3,918 | 6.80% |
For 2024, S&s Financial's most frequently cited loan duration was 30 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 9 | $4,525,000 | $502,778 |
| $<1k | 3 | $1,275,000 | $425,000 |
| $5k+ | 1 | $675,000 | $675,000 |
S&s Financial's average total fees were $3,918, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 8 | $4,010,000 | $501,250 |
| 7-8% | 3 | $1,425,000 | $475,000 |
| 5-6% | 2 | $1,040,000 | $520,000 |
During 2024, S&s Financial's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 8 originations.
Loan Sizing
2024 saw S&s Financial place emphasis on $200k-400k loans with 5 originations, totaling $1,685,000 in origination value.
Applicant Income
S&s Financial lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $250k+, with 3 originations.
Applicant Debt to Income Ratio
S&s Financial lent most frequently to those with DTI ratios of 43%, with 2 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 8 | $4,430,000 | $553,750 | $4,277 | 7.01% |
| White | 5 | $2,045,000 | $409,000 | $3,342 | 6.45% |
Approval Rates
Total approvals of all applications100.00%
S&s Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13 | $6,475,000 | $498,077 |