S&s Financial Mortgage Rates, Fees & Info

Sheridan, WY

LEI: 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, Refi, and Cash Out Refi loans. S&s Financial has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Denver, Riverside, San Diego, and Sacramento among others. We have data for 11 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 6.65% 10/31/24
30 Year Conventional Refi 6.49% 10/31/24
30 Year Cash-out Refi 6.73% 10/31/24
30 Year FHA Refi 7.68% 10/31/24
30 Year VA Purchase 6.17% 10/31/24
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






Your Estimates

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

This is not an official calculator from S&s Financial. 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

36

Origination Dollar Volume (All Markets)

$16,790,000

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 $4,900,000 $612,500 $7,139 4.37%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $4,170,000 $521,250 $5,629 4.81%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $3,110,000 $388,750 $3,639 4.41%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,390,000 $695,000 $10,646 4.56%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $925,000 $308,333 $1,912 4.96%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $560,000 $280,000 $2,899 3.94%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $405,000 $405,000 $13,352 4.99%
VALLEJO, CA (FHA|USDA|VA) 1 $395,000 $395,000 $6,740 3.49%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $385,000 $385,000 $13,478 4.99%
Outside of Metro Areas 1 $295,000 $295,000 $2,795 3.38%
VISALIA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,694 4.75%
S&s Financial's top markets include Los Angeles, Denver, Riverside, San Diego, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • 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.

    SAFEAMERICA CREDIT UNION
    Similarity Rank: 54
    El Dorado Savings Bank, F.S.B.
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    Los Angeles Federal Credit Union
    Similarity Rank: 248
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 429
    FRONTWAVE
    Similarity Rank: 544
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    SIMPLIFI MORTGAGE, LLC
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    LBS FINANCIAL
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    First City Credit Union
    Similarity Rank: 720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $12,275,000 $454,630 $4,776 4.54%
    VA 8 $4,130,000 $516,250 $7,591 4.31%
    FHA 1 $385,000 $385,000 $13,478 4.99%

    For 2022, S&s Financial's most frequently originated type of loan was Conventional, with 27 originations. Their 2nd most popular type was VA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $7,415,000 $494,333 $8,018 5.04%
    Refi 12 $5,150,000 $429,167 $4,140 4.28%
    Cash Out Refi 9 $4,225,000 $469,444 $3,688 3.92%

    For 2022, S&s Financial's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 36 $16,790,000 $466,389 $5,643 4.51%

    For 2022, S&s Financial's most frequently cited loan duration was 30 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 19 $9,075,000 $477,632
    $5k+ 6 $3,340,000 $556,667
    $1k-2k 4 $1,490,000 $372,500
    $2k-3k 3 $1,235,000 $411,667
    $4k-5k 2 $780,000 $390,000

    S&s Financial's average total fees were $5,643, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 19 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 13 $6,095,000 $468,846
    4-5% 13 $5,625,000 $432,692
    5-6% 8 $4,160,000 $520,000
    6-7% 2 $910,000 $455,000

    During 2022, S&s Financial's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 3-4%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 15 $4,915,000 $327,667 $5,520 4.32%
    $400k-600k 12 $5,950,000 $495,833 $4,481 4.79%
    $600k-1MM 7 $4,785,000 $683,571 $8,728 4.20%
    $100k-200k 1 $135,000 $135,000 $2,610 4.63%
    $1MM+ 1 $1,005,000 $1,005,000 $2,860 5.88%

    2022 saw S&s Financial place emphasis on $200k-400k loans with 15 originations, totaling $4,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $6,560,000 $468,571 $5,330 4.67%
    $75k-100k 12 $4,620,000 $385,000 $4,956 4.41%
    $150k-250k 5 $3,395,000 $679,000 $8,984 4.45%
    $50k-75k 3 $925,000 $308,333 $2,288 3.67%
    $250k+ 2 $1,290,000 $645,000 $8,629 5.31%

    S&s Financial lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 7 $3,815,000 $545,000 $7,433 4.05%
    44% 7 $2,945,000 $420,714 $5,458 4.38%
    43% 5 $2,675,000 $535,000 $5,327 5.15%
    42% 3 $1,485,000 $495,000 $3,375 4.54%
    48% 3 $1,245,000 $415,000 $4,453 5.70%
    20-30% 2 $1,040,000 $520,000 $10,874 4.44%
    36% 2 $720,000 $360,000 $5,246 3.56%
    49% 2 $670,000 $335,000 $1,065 3.38%
    47% 1 $305,000 $305,000 $3,449 5.25%
    37% 1 $845,000 $845,000 $10,730 4.75%
    >60% 1 $295,000 $295,000 $8,822 6.13%
    30-36% 1 $135,000 $135,000 $2,610 4.63%
    40% 1 $615,000 $615,000 $2,810 3.25%

    S&s Financial lent most frequently to those with DTI ratios of 50-60%, with 7 originations. The next most common DTI ratio? 44%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $13,545,000 $467,069 $6,077 4.40%
    Asian 4 $1,940,000 $485,000 $3,731 4.94%
    Black 3 $1,305,000 $435,000 $3,999 4.96%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    94.44%

    S&s Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 36 $16,790,000 $466,389

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $16,790,000 $466,389

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $750,000 $375,000 $2,710 3.94%
    40-60% 5 $1,965,000 $393,000 $3,102 4.33%
    60-80% 14 $6,370,000 $455,000 $5,032 4.14%
    80-100% 13 $6,915,000 $531,923 $6,153 5.11%
    Over 100% 2 $790,000 $395,000 $15,892 4.12%