S&s Financial Mortgage Rates, Fees & Info

Sheridan, WY

LEI: 549300SRKBH68TX76851

Tax ID: 47-3715280

5 stars - out of 5 stars, based on 16 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    S&s Financial is a smaller mortgage company specializing in Refi and Cash Out Refi loans. S&s Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Las Vegas among others. We have data for 34 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. They have an above average pick rate when compared to similar lenders. S&s Financial 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 6.74% 10/3/22
    30 Year Conventional Refi 6.35% 10/3/22
    30 Year Cash-out Refi 6.57% 10/3/22
    30 Year VA Purchase 6.10% 10/3/22
    30 Year VA Refi 5.82% 10/3/22
    15 Year Conventional Refi 6.08% 10/3/22
    15 Year Cash-out Refi 6.08% 10/3/22
    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.


    Originations

    270

    Origination Dollar Volume (All Markets)

    $111,370,000
    Show all (9) awards

    Relative Rate

    S&s Financial's average 30 year fixed mortgage rate was 2.86%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.29%.

    Relative Fees (Closing Costs)

    S&s Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $3,117.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 83 $37,815,000 $455,602 $2,676 2.77%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 41 $17,025,000 $415,244 $3,459 2.82%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 17 $9,235,000 $543,235 $4,136 2.98%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 16 $7,310,000 $456,875 $2,583 2.73%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 20 $6,590,000 $329,500 $2,975 2.71%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 12 $3,670,000 $305,833 $2,307 2.92%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $3,510,000 $351,000 $3,179 2.61%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $2,325,000 $465,000 $1,967 2.90%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,135,000 $427,000 $5,983 3.03%
    FRESNO, CA (FHA|USDA|VA) 6 $2,050,000 $341,667 $5,461 2.81%
    RENO, NV (FHA|USDA|VA) 6 $2,050,000 $341,667 $1,942 2.75%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,760,000 $440,000 $3,749 2.75%
    SALINAS, CA (FHA|USDA|VA) 3 $1,455,000 $485,000 $3,323 3.21%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,450,000 $362,500 $2,151 2.78%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,305,000 $435,000 $3,096 2.25%
    STOCKTON, CA (FHA|USDA|VA) 5 $1,095,000 $219,000 $1,741 3.20%
    CARSON CITY, NV (FHA|USDA|VA) 3 $1,075,000 $358,333 $3,743 3.41%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $890,000 $445,000 $4,842 3.19%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $860,000 $430,000 $3,860 2.62%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $860,000 $430,000 $2,026 2.69%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $860,000 $430,000 $4,364 2.56%
    MERCED, CA (FHA|USDA|VA) 2 $800,000 $400,000 $1,563 2.44%
    Cookeville, TN (FHA|USDA|VA) 3 $665,000 $221,667 $2,845 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $540,000 $270,000 $3,747 3.06%
    MADERA, CA (FHA|USDA|VA) 1 $525,000 $525,000 $3,209 3.38%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $520,000 $260,000 $4,190 2.94%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,110 2.25%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $415,000 $415,000 $2,660 2.99%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $410,000 $205,000 $4,310 2.87%
    GREELEY, CO (FHA|USDA|VA) 1 $405,000 $405,000 $2,190 2.63%
    MODESTO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $5,346 4.88%
    Pahrump, NV (FHA|USDA|VA) 1 $315,000 $315,000 $2,345 2.63%
    BEND, OR (FHA|USDA|VA) 1 $295,000 $295,000 $2,589 2.25%
    MIDLAND, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,430 2.75%

    S&s Financial's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Las Vegas among others.

    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.

    Christian Community Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 213 $83,315,000 $391,150 $2,702 2.92%
    VA 57 $28,055,000 $492,193 $4,497 2.44%

    For 2021, S&s Financial's most frequently originated type of loan was Conventional, with 213 originations. Their 2nd most popular type was VA, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 168 $68,070,000 $405,179 $2,587 2.67%
    Cash Out Refi 72 $31,120,000 $432,222 $3,885 3.03%
    Home Purchase 30 $12,180,000 $406,000 $3,956 3.12%

    For 2021, S&s Financial's most frequently cited loan purpose was Refi, with 168 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 237 $99,565,000 $420,105 $3,117 2.86%
    15 Year 19 $6,355,000 $334,474 $1,972 2.39%
    20 Year 6 $2,110,000 $351,667 $2,031 2.42%
    Other 6 $3,020,000 $503,333 $6,637 2.79%
    10 Year 2 $320,000 $160,000 $1,985 2.69%

    For 2021, S&s Financial's most frequently cited loan duration was 30 Year, with 237 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 221 $90,655,000 $410,204
    $5k+ 13 $6,625,000 $509,615
    $3k-4k 7 $2,685,000 $383,571
    $1k-2k 6 $1,940,000 $323,333
    $2k-3k 5 $1,505,000 $301,000
    $4k-5k 5 $2,895,000 $579,000

    S&s Financial's average total fees were $3,117, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 125 $52,495,000 $419,960
    <2.5% 84 $36,410,000 $433,452
    3-4% 56 $20,390,000 $364,107
    4-5% 4 $1,350,000 $337,500
    5-6% 1 $725,000 $725,000

    During 2021, S&s Financial's average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 122 $37,920,000 $310,820 $2,735 2.78%
    $400k-600k 105 $51,225,000 $487,857 $3,113 2.79%
    $600k-1MM 26 $18,530,000 $712,692 $5,081 2.87%
    $100k-200k 14 $2,240,000 $160,000 $2,120 3.13%
    $100,000 or less 2 $160,000 $80,000 $1,488 3.63%
    $1MM+ 1 $1,295,000 $1,295,000 $6,583 2.25%

    2021 saw S&s Financial place emphasis on $200k-400k loans with 122 originations, totaling $37,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 77 $30,205,000 $392,273 $2,870 2.83%
    $150k-250k 58 $27,580,000 $475,517 $2,948 2.86%
    $75k-100k 53 $19,325,000 $364,623 $2,640 2.98%
    $50k or less 45 $20,165,000 $448,111 $3,471 2.42%
    $50k-75k 21 $6,125,000 $291,667 $3,141 2.96%
    $250k+ 13 $7,015,000 $539,615 $5,180 3.00%

    S&s Financial lent most frequently to those with incomes in the $100k-150k range, with 77 originations. The second most popular income band? $150k-250k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $15,890,000 $361,136 $2,574 2.82%
    30-36% 40 $15,220,000 $380,500 $2,919 2.87%
    49% 20 $7,360,000 $368,000 $2,698 2.99%
    38% 16 $7,030,000 $439,375 $2,787 2.94%
    44% 14 $5,840,000 $417,143 $3,806 2.96%
    41% 14 $6,440,000 $460,000 $3,272 3.12%
    <20% 10 $3,550,000 $355,000 $2,026 2.57%
    45% 9 $3,935,000 $437,222 $4,387 2.72%
    37% 9 $4,105,000 $456,111 $5,502 3.28%
    48% 8 $3,370,000 $421,250 $2,266 3.05%
    46% 8 $2,720,000 $340,000 $2,854 2.82%
    42% 7 $2,475,000 $353,571 $2,401 2.70%
    36% 7 $3,325,000 $475,000 $2,014 2.89%
    43% 7 $2,715,000 $387,857 $3,014 3.05%
    39% 6 $3,010,000 $501,667 $4,450 3.29%
    40% 5 $1,585,000 $317,000 $2,128 2.60%
    50-60% 4 $2,150,000 $537,500 $3,119 2.75%
    47% 2 $1,160,000 $580,000 $2,138 2.81%
    >60% 2 $1,230,000 $615,000 $4,837 2.56%

    S&s Financial lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 190 $78,410,000 $412,684 $3,240 2.86%
    Asian 50 $21,310,000 $426,200 $2,483 2.71%
    Black 28 $10,690,000 $381,786 $2,967 2.75%
    Native Hawaiian or Islander 2 $960,000 $480,000 $4,377 2.63%

    Approval Rates

    Total approvals of all applications
    97.44%

    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 origination
    92.22%

    S&s Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 270 $111,370,000 $412,481

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    270 $111,370,000 $412,481

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $6,685,000 $290,652 $1,767 2.84%
    40-60% 75 $30,165,000 $402,200 $2,072 2.79%
    60-80% 89 $37,205,000 $418,034 $3,482 2.92%
    80-100% 76 $35,060,000 $461,316 $3,872 2.75%
    Over 100% 5 $2,035,000 $407,000 $5,445 2.25%
    Under 20% 2 $220,000 $110,000 $1,873 3.06%