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 Home Purchase 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, College Station, San Antonio, and Victoria among others. We have data for 6 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 relatively high 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 | 6.65% | 4/20/24 |
| 30 Year Conventional Refi | 6.49% | 4/20/24 |
| 30 Year Cash-out Refi | 6.73% | 4/20/24 |
| 30 Year FHA Refi | 7.68% | 4/20/24 |
| 30 Year VA Purchase | 6.17% | 4/20/24 |
| 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. | ||
S&s Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
10Origination Dollar Volume (All Markets)
$4,410,000Relative Rate
S&s Financial's average 30 year fixed mortgage rate was
7.39%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.91%.
Relative Fees (Closing Costs)
S&s Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,007.
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 $9,089.
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) | 2 | $1,120,000 | $560,000 | $10,013 | 7.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $7,429 | 7.13% |
| Outside of Metro Areas | 2 | $730,000 | $365,000 | $9,507 | 7.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $6,581 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,574 | 6.75% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,589 | 9.38% |
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 | 8 | $3,290,000 | $411,250 | $8,240 | 7.61% |
| VA | 2 | $1,120,000 | $560,000 | $7,078 | 6.50% |
For 2023, S&s Financial's most frequently originated type of loan was Conventional, with 8 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2023, S&s Financial's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 10 | $4,410,000 | $441,000 | $8,007 | 7.39% |
For 2023, S&s Financial's most frequently cited loan duration was 30 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 5 | $2,325,000 | $465,000 |
| $<1k | 3 | $1,455,000 | $485,000 |
| $1k-2k | 1 | $165,000 | $165,000 |
| $4k-5k | 1 | $465,000 | $465,000 |
S&s Financial's average total fees were $8,007, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 6 | $2,380,000 | $396,667 |
| 6-7% | 3 | $1,685,000 | $561,667 |
| Over 8% | 1 | $345,000 | $345,000 |
During 2023, S&s Financial's average interest rate for loans was 7.39%, while their most frequently originated rate bucket for loans was 7-8%, with 6 originations.
Loan Sizing
2023 saw S&s Financial place emphasis on $200k-400k loans with 4 originations, totaling $1,440,000 in origination value.
Applicant Income
S&s Financial lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
S&s Financial lent most frequently to those with DTI ratios of 39%, with 2 originations. The next most common DTI ratio? >60%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.67%
S&s Financial has an average approval rate.
Pick Rate
Approvals leading to origination90.00%
S&s Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10 | $4,410,000 | $441,000 |