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 Cash Out Refi and Refi loans. S&s Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Denver, and Dallas among others. We have data for 18 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 a below 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 12/16/24 |
| 30 Year Conventional Refi | 6.49% | 12/16/24 |
| 30 Year Cash-out Refi | 6.73% | 12/16/24 |
| 30 Year FHA Refi | 7.68% | 12/16/24 |
| 30 Year VA Purchase | 6.17% | 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. | ||
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
60Origination Dollar Volume (All Markets)
$22,640,000Awards
S&S Financial - 2018
S&S Financial is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $5,785,000 | $445,000 | $4,320 | 4.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $4,305,000 | $391,364 | $2,846 | 4.78% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,955,000 | $591,000 | $12,091 | 4.85% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $3,385 | 4.68% |
| Outside of Metro Areas | 4 | $1,270,000 | $317,500 | $5,595 | 4.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $2,610 | 4.29% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $1,816 | 4.66% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $10,892 | 5.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,081 | 4.79% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,488 | 4.96% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $2,259 | 4.88% |
| NAPA, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,652 | 3.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,265 | 4.38% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,720 | 4.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,129 | 4.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.88% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,233 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,098 | 5.25% |
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 | 31 | $10,545,000 | $340,161 | $2,443 | 5.01% |
| VA | 29 | $12,095,000 | $417,069 | $6,987 | 4.32% |
For 2018, S&s Financial's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was VA, with 29 originations.
Loan Reason
For 2018, S&s Financial's most frequently cited loan purpose was Cash Out Refi, with 29 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2018, S&s Financial's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
S&s Financial's average total fees were $4,754, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 38 | $14,570,000 | $383,421 |
| 5-6% | 16 | $5,600,000 | $350,000 |
| 3-4% | 6 | $2,470,000 | $411,667 |
During 2018, S&s Financial's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 38 originations.
Loan Sizing
2018 saw S&s Financial place emphasis on $200k-400k loans with 35 originations, totaling $10,635,000 in origination value.
Applicant Income
S&s Financial lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
S&s Financial lent most frequently to those with DTI ratios of 48%, with 8 originations. The next most common DTI ratio? 50-60%, with 8 originations.
Ethnicity Mix
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 origination88.33%
S&s Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 60 | $22,640,000 | $377,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 60 | $22,640,000 | $377,333 |