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, 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.
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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
36Origination Dollar Volume (All Markets)
$16,790,000Top 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% |
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 | 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
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
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
2022 saw S&s Financial place emphasis on $200k-400k loans with 15 originations, totaling $4,915,000 in origination value.
Applicant Income
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
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
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 origination94.44%
S&s Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 36 | $16,790,000 | $466,389 |