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 loans. S&s Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, Sacramento, and San Diego among others. We have data for 38 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 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% | 4/14/24 |
| 30 Year Conventional Refi | 6.49% | 4/14/24 |
| 30 Year Cash-out Refi | 6.73% | 4/14/24 |
| 30 Year FHA Refi | 7.68% | 4/14/24 |
| 30 Year VA Purchase | 6.17% | 4/14/24 |
| 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
460Origination Dollar Volume (All Markets)
$182,670,000Awards
S&S Financial - 2020
S&S Financial is a 2020 , due to their low .
For 2020, 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) | 203 | $88,025,000 | $433,621 | $2,281 | 3.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 48 | $17,390,000 | $362,292 | $2,381 | 3.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 29 | $12,835,000 | $442,586 | $2,493 | 2.87% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 31 | $10,475,000 | $337,903 | $2,183 | 2.86% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 18 | $7,370,000 | $409,444 | $3,344 | 3.03% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 17 | $6,045,000 | $355,588 | $2,880 | 2.84% |
| STOCKTON, CA (FHA|USDA|VA) | 18 | $5,270,000 | $292,778 | $1,771 | 3.01% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 8 | $3,740,000 | $467,500 | $2,799 | 3.26% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $3,125,000 | $347,222 | $6,002 | 2.90% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,020,000 | $377,500 | $3,130 | 2.90% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $1,940 | 2.75% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $3,397 | 3.04% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $2,442 | 2.85% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $2,480 | 2.69% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $3,642 | 2.85% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $5,684 | 2.94% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $1,960 | 3.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $2,151 | 3.17% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $5,225 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $2,821 | 2.79% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $6,585 | 2.75% |
| Outside of Metro Areas | 3 | $905,000 | $301,667 | $1,922 | 2.83% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $2,971 | 2.54% |
| MERCED, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $868 | 2.81% |
| SALEM, OR (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,762 | 2.50% |
| RENO, NV (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,070 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,735 | 2.75% |
| BEND, OR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,912 | 3.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,920 | 2.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,867 | 3.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,210 | 2.99% |
| MADERA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,360 | 3.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,820 | 3.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,501 | 3.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,388 | 4.13% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,245 | 2.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,233 | 3.25% |
| TYLER, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.63% |
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 | 379 | $148,485,000 | $391,781 | $2,187 | 3.00% |
| VA | 81 | $34,185,000 | $422,037 | $4,480 | 2.84% |
For 2020, S&s Financial's most frequently originated type of loan was Conventional, with 379 originations. Their 2nd most popular type was VA, with 81 originations.
Loan Reason
For 2020, S&s Financial's most frequently cited loan purpose was Refi, with 346 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.
Loan Duration/Length
For 2020, S&s Financial's most frequently cited loan duration was 30 Year, with 421 originations. The 2nd most popular length was 15 Year, with 16 originations.
Origination Fees/Closing Costs
S&s Financial's average total fees were $2,640, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 351 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 192 | $75,260,000 | $391,979 |
| 3-4% | 126 | $51,850,000 | $411,508 |
| <2.5% | 121 | $46,785,000 | $386,653 |
| 4-5% | 12 | $4,880,000 | $406,667 |
| 5-6% | 8 | $3,530,000 | $441,250 |
During 2020, S&s Financial's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 192 originations.
Loan Sizing
2020 saw S&s Financial place emphasis on $200k-400k loans with 236 originations, totaling $74,200,000 in origination value.
Applicant Income
S&s Financial lent most frequently to those with incomes in the $100k-150k range, with 133 originations. The second most popular income band? $150k-250k, with 100 originations.
Applicant Debt to Income Ratio
S&s Financial lent most frequently to those with DTI ratios of 20-30%, with 70 originations. The next most common DTI ratio? 30-36%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.24%
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 origination92.83%
S&s Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 460 | $182,670,000 | $397,109 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $515,000 | $515,000 |
| Single Family (1-4 Units):Site-Built | 459 | $182,155,000 | $396,852 |