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 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, Las Vegas, and Sacramento among others. We have data for 37 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 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 | 6.65% | 10/29/24 |
| 30 Year Conventional Refi | 6.49% | 10/29/24 |
| 30 Year Cash-out Refi | 6.73% | 10/29/24 |
| 30 Year FHA Refi | 7.68% | 10/29/24 |
| 30 Year VA Purchase | 6.17% | 10/29/24 |
| 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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Originations
184Origination Dollar Volume (All Markets)
$69,540,000Awards
S&S Financial - 2019
S&S Financial is a 2019 , due to their low .
For 2019, 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) | 46 | $20,500,000 | $445,652 | $2,992 | 4.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $9,335,000 | $345,741 | $3,211 | 3.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $7,110,000 | $592,500 | $2,450 | 4.16% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 11 | $2,985,000 | $271,364 | $3,843 | 3.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $2,150,000 | $358,333 | $2,685 | 3.94% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $3,006 | 4.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $4,179 | 3.59% |
| MERCED, CA (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $2,368 | 3.96% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $5,687 | 3.93% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $3,137 | 4.02% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $1,725,000 | $246,429 | $2,378 | 3.68% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $2,327 | 3.82% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $3,412 | 4.18% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $2,142 | 3.83% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $2,947 | 3.81% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $2,996 | 4.31% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $2,536 | 3.63% |
| BEND, OR (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $7,656 | 4.38% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,897 | 3.44% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,336 | 4.38% |
| SALEM, OR (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,123 | 4.00% |
| Outside of Metro Areas | 2 | $590,000 | $295,000 | $2,391 | 3.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,569 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,561 | 4.06% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $2,134 | 4.50% |
| NAPA, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 3.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,175 | 3.99% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,609 | 4.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,150 | 4.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,892 | 3.63% |
| RENO, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,820 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,955 | 5.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,212 | 3.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,534 | 3.63% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,371 | 3.88% |
| TYLER, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,951 | 4.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,375 | 3.75% |
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 |
|---|---|---|---|---|---|
| VA | 101 | $39,625,000 | $392,327 | $3,188 | 3.74% |
| Conventional | 83 | $29,915,000 | $360,422 | $2,937 | 4.31% |
For 2019, S&s Financial's most frequently originated type of loan was VA, with 101 originations. Their 2nd most popular type was Conventional, with 83 originations.
Loan Reason
For 2019, S&s Financial's most frequently cited loan purpose was Refi, with 125 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
For 2019, S&s Financial's most frequently cited loan duration was 30 Year, with 178 originations. The 2nd most popular length was Other, with 4 originations.
Origination Fees/Closing Costs
S&s Financial's average total fees were $3,066, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 137 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 105 | $41,245,000 | $392,810 |
| 4-5% | 63 | $22,255,000 | $353,254 |
| 5-6% | 10 | $3,680,000 | $368,000 |
| 2.5-3% | 6 | $2,360,000 | $393,333 |
During 2019, S&s Financial's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 105 originations.
Loan Sizing
2019 saw S&s Financial place emphasis on $200k-400k loans with 110 originations, totaling $31,850,000 in origination value.
Applicant Income
S&s Financial lent most frequently to those with incomes in the $50k or less range, with 81 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
S&s Financial lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 49%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.01%
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 origination89.67%
S&s Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 184 | $69,540,000 | $377,935 |