Snapfi Mortgage Rates, Fees & Info

Redding, CA

LEI: 549300UM5S3HZLZHVP89

Tax ID: 77-0563974

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Snapfi is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Snapfi has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: San Francisco, San Jose, Sacramento, Stockton, and Vallejo among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Snapfi 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. Snapfi 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
    Home Equity Line of Credit (HELOC) 6.27% 12/3/24
    30 Year Conventional Purchase 6.83% 12/3/24
    30 Year Conventional Refi 6.38% 12/3/24
    30 Year Cash-out Refi 6.76% 12/3/24
    30 Year FHA Purchase 7.28% 12/3/24
    30 Year VA Purchase 6.14% 12/3/24
    15 Year Conventional Purchase 5.73% 12/3/24
    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.

    Snapfi Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Snapfi. 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

    516

    Origination Dollar Volume (All Markets)

    $206,400,000

    Awards

    SNAPFI 30 Year Conventional Loans bronze SNAPFI 30 Year Conventional Loans silver
    Show all (2) awards

    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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 101 $49,675,000 $491,832 $5,698 3.09%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 100 $48,930,000 $489,300 $3,294 3.20%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 75 $28,075,000 $374,333 $3,585 3.00%
    STOCKTON, CA (FHA|USDA|VA) 50 $15,320,000 $306,400 $5,638 2.94%
    VALLEJO, CA (FHA|USDA|VA) 22 $8,000,000 $363,636 $6,887 3.29%
    MODESTO, CA (FHA|USDA|VA) 21 $6,905,000 $328,810 $3,716 3.26%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 26 $6,870,000 $264,231 $5,194 3.10%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 15 $5,815,000 $387,667 $4,593 3.12%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $4,960,000 $354,286 $4,737 3.11%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $3,870,000 $483,750 $4,486 2.94%
    FRESNO, CA (FHA|USDA|VA) 13 $3,675,000 $282,692 $3,402 2.95%
    Outside of Metro Areas 13 $3,405,000 $261,923 $4,689 3.07%
    RENO, NV (FHA|USDA|VA) 6 $2,260,000 $376,667 $2,987 2.98%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 5 $2,155,000 $431,000 $3,362 2.95%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $2,140,000 $356,667 $4,596 2.83%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,930,000 $321,667 $3,811 3.04%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,865,000 $621,667 $2,825 3.21%
    SALINAS, CA (FHA|USDA|VA) 4 $1,860,000 $465,000 $6,146 2.66%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,405,000 $281,000 $3,326 3.13%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,110,000 $555,000 $8,321 3.31%
    CHICO, CA (FHA|USDA|VA) 4 $1,080,000 $270,000 $5,730 2.97%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $745,000 $745,000 $25,830 2.75%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $650,000 $325,000 $6,323 3.13%
    CARSON CITY, NV (FHA|USDA|VA) 2 $530,000 $265,000 $6,130 2.56%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $409 2.25%
    MADERA, CA (FHA|USDA|VA) 3 $445,000 $148,333 $3,700 4.17%
    VISALIA, CA (FHA|USDA|VA) 2 $440,000 $220,000 $6,200 2.69%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $365,000 $365,000 $1,089 2.13%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $3,085 3.25%
    NAPA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,054 2.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,696 2.50%
    REDDING, CA (FHA|USDA|VA) 1 $235,000 $235,000 $8,495 2.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $2,545 3.25%
    Snapfi's top markets include San Francisco, San Jose, Sacramento, Stockton, and Vallejo among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SNAPFI based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Great Basin Federal Credit Union
    Similarity Rank: 348
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    ALOHA PACIFIC
    Similarity Rank: 670
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    First City Credit Union
    Similarity Rank: 1026
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    ARIZONA CENTRAL
    Similarity Rank: 1166
    Los Angeles Federal Credit Union
    Similarity Rank: 1230

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 436 $175,200,000 $401,835 $3,797 3.03%
    FHA 53 $21,385,000 $403,491 $10,446 2.93%
    VA 13 $5,935,000 $456,538 $6,788 2.63%
    HELOC 12 $3,130,000 $260,833 n/a 6.13%
    USDA 2 $750,000 $375,000 $9,433 2.50%

    For 2021, Snapfi's most frequently originated type of loan was Conventional, with 436 originations. Their 2nd most popular type was FHA, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 191 $77,815,000 $407,408 $3,368 2.96%
    Home Purchase 182 $75,030,000 $412,253 $6,494 3.14%
    Cash Out Refi 143 $53,555,000 $374,510 $3,830 3.17%

    For 2021, Snapfi's most frequently cited loan purpose was Refi, with 191 originations. The 2nd most popular reason was Home Purchase, with 182 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 458 $186,410,000 $407,009 $4,799 3.12%
    15 Year 32 $11,670,000 $364,688 $2,713 2.77%
    20 Year 21 $6,615,000 $315,000 $3,570 2.79%
    Other 3 $1,295,000 $431,667 $1,406 2.75%
    10 Year 2 $410,000 $205,000 $3,341 2.44%

    For 2021, Snapfi's most frequently cited loan duration was 30 Year, with 458 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 232 $93,980,000 $405,086
    $<1k 135 $56,245,000 $416,630
    $5k+ 45 $23,265,000 $517,000
    $2k-3k 44 $16,070,000 $365,227
    $3k-4k 34 $9,380,000 $275,882
    $4k-5k 14 $4,330,000 $309,286

    Snapfi's average total fees were $4,799, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 232 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 225 $93,705,000 $416,467
    3-4% 205 $83,495,000 $407,293
    <2.5% 60 $20,340,000 $339,000
    4-5% 14 $5,720,000 $408,571
    5-6% 5 $2,155,000 $431,000
    7-8% 4 $430,000 $107,500
    6-7% 3 $555,000 $185,000

    During 2021, Snapfi's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 212 $64,170,000 $302,689 $4,337 3.05%
    $400k-600k 186 $90,900,000 $488,710 $4,725 3.07%
    $600k-1MM 53 $38,865,000 $733,302 $6,335 3.16%
    $100k-200k 50 $7,410,000 $148,200 $3,489 3.18%
    $100,000 or less 11 $365,000 $33,182 $1,179 2.90%
    $1MM+ 4 $4,690,000 $1,172,500 $8,672 3.38%

    2021 saw Snapfi place emphasis on $200k-400k loans with 212 originations, totaling $64,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 121 $49,535,000 $409,380 $4,832 2.98%
    $150k-250k 118 $58,520,000 $495,932 $4,509 3.24%
    $75k-100k 96 $34,190,000 $356,146 $4,775 2.97%
    $50k-75k 76 $21,880,000 $287,895 $4,646 2.94%
    $250k+ 68 $31,470,000 $462,794 $4,326 3.31%
    $50k or less 35 $9,715,000 $277,571 $4,163 3.04%

    Snapfi lent most frequently to those with incomes in the $100k-150k range, with 121 originations. The second most popular income band? $150k-250k, with 118 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 95 $37,025,000 $389,737 $3,759 3.05%
    30-36% 90 $39,040,000 $433,778 $4,465 3.04%
    <20% 29 $9,095,000 $313,621 $2,620 3.28%
    41% 25 $9,325,000 $373,000 $4,640 3.25%
    42% 24 $10,130,000 $422,083 $4,155 3.01%
    47% 23 $8,805,000 $382,826 $6,282 3.05%
    44% 22 $9,280,000 $421,818 $5,185 3.16%
    43% 21 $8,475,000 $403,571 $5,096 3.23%
    46% 21 $7,815,000 $372,143 $4,407 3.15%
    48% 21 $7,115,000 $338,810 $4,415 3.18%
    49% 20 $8,100,000 $405,000 $3,942 3.03%
    40% 20 $7,560,000 $378,000 $4,177 3.03%
    36% 20 $7,700,000 $385,000 $4,162 2.92%
    50-60% 19 $6,755,000 $355,526 $7,985 2.94%
    39% 18 $7,570,000 $420,556 $4,372 2.99%
    37% 16 $7,210,000 $450,625 $7,020 3.02%
    38% 15 $7,315,000 $487,667 $5,315 3.30%
    45% 10 $4,070,000 $407,000 $5,688 3.03%
    >60% 3 $1,485,000 $495,000 $6,408 2.67%

    Snapfi lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $102,400,000 $396,899 $4,101 3.08%
    Asian 139 $57,445,000 $413,273 $5,147 3.18%
    Not provided 81 $31,095,000 $383,889 $5,119 2.95%
    Black 28 $11,800,000 $421,429 $4,656 3.13%
    Native Hawaiian or Islander 4 $2,070,000 $517,500 $5,201 3.09%
    American Indian 6 $1,590,000 $265,000 $5,298 2.42%

    Approval Rates

    Total approvals of all applications
    97.45%

    Snapfi 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
    88.76%

    Snapfi has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 516 $206,400,000 $400,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    516 $206,400,000 $400,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 68 $24,860,000 $365,588 $3,409 3.07%
    40-60% 133 $53,545,000 $402,594 $3,577 2.94%
    60-80% 147 $63,245,000 $430,238 $4,129 3.20%
    80-100% 134 $58,270,000 $434,851 $6,851 3.04%
    Over 100% 2 $1,080,000 $540,000 $18,589 2.81%
    Under 20% 32 $5,400,000 $168,750 $2,524 3.37%