Silverton Mortgage Specialists Inc Rates, Fees & Info
ATLANTA, GALEI: 549300W76X036J5GQ697
Tax ID: 58-2419109
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Silverton Mortgage Specialists Inc is a smaller mortgage company specializing in Home Purchase loans. Silverton Mortgage Specialists Inc 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: Atlanta, Myrtle Beach, Birmingham, Brunswick, and Augusta among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Silverton Mortgage Specialists Inc 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. Silverton Mortgage Specialists Inc 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.
Originations
772Origination Dollar Volume (All Markets)
$166,350,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 475 | $111,285,000 | $234,284 | $5,436 | 4.65% |
| Outside of Metro Areas | 45 | $7,765,000 | $172,556 | $4,710 | 4.69% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 44 | $7,030,000 | $159,773 | $4,133 | 4.78% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 30 | $5,510,000 | $183,667 | $4,282 | 4.71% |
| BRUNSWICK, GA (FHA|USDA|VA) | 24 | $5,110,000 | $212,917 | $6,699 | 4.90% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 20 | $3,690,000 | $184,500 | $5,482 | 4.45% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 15 | $2,935,000 | $195,667 | $5,167 | 4.45% |
| HINESVILLE, GA (FHA|USDA|VA) | 13 | $2,535,000 | $195,000 | $7,075 | 4.67% |
| GAINESVILLE, GA (FHA|USDA|VA) | 11 | $2,115,000 | $192,273 | $4,346 | 4.97% |
| St. Marys, GA (FHA|USDA|VA) | 11 | $1,865,000 | $169,545 | $5,453 | 4.81% |
| Jefferson, GA (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $5,722 | 4.61% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 13 | $1,555,000 | $119,615 | $4,699 | 4.76% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $5,972 | 5.09% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $3,288 | 4.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $6,407 | 5.68% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $1,888 | 4.66% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,326 | 4.06% |
| Statesboro, GA (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $5,401 | 4.75% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $9,525 | 4.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,239 | 4.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,064 | 4.54% |
| Jesup, GA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $6,094 | 4.91% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,859 | 4.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,696 | 4.19% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,461 | 4.69% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,883 | 3.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,239 | 4.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,908 | 4.31% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $4,949 | 4.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,305 | 4.75% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,961 | 4.75% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,045 | 4.38% |
| DALTON, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,581 | 4.75% |
| Albertville, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,092 | 4.75% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,034 | 4.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,922 | 4.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,169 | 4.38% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,618 | 5.50% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,136 | 4.13% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,767 | 4.50% |
| Jasper, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,076 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against SILVERTON MORTGAGE SPECIALISTS INC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 228
Similarity Rank: 368
Similarity Rank: 432
Similarity Rank: 592
Similarity Rank: 614
Similarity Rank: 672
Similarity Rank: 756
Similarity Rank: 957
Similarity Rank: 1095
Similarity Rank: 1194
Product Mix
For 2018, Silverton Mortgage Specialists Inc's most frequently originated type of loan was Conventional, with 456 originations. Their 2nd most popular type was FHA, with 181 originations.
Loan Reason
For 2018, Silverton Mortgage Specialists Inc's most frequently cited loan purpose was Home Purchase, with 683 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.
Loan Duration/Length
For 2018, Silverton Mortgage Specialists Inc's most frequently cited loan duration was 30 Year, with 729 originations. The 2nd most popular length was 20 Year, with 20 originations.
Origination Fees/Closing Costs
Silverton Mortgage Specialists Inc's average total fees were $5,361, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 481 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 611 | $135,675,000 | $222,054 |
| 5-6% | 91 | $14,175,000 | $155,769 |
| 3-4% | 55 | $14,675,000 | $266,818 |
| 6-7% | 9 | $1,285,000 | $142,778 |
| 7-8% | 6 | $540,000 | $90,000 |
During 2018, Silverton Mortgage Specialists Inc's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 611 originations.
Loan Sizing
2018 saw Silverton Mortgage Specialists Inc place emphasis on $100k-200k loans with 337 originations, totaling $51,125,000 in origination value.
Applicant Income
Silverton Mortgage Specialists Inc lent most frequently to those with incomes in the $50k-75k range, with 229 originations. The second most popular income band? $50k or less, with 165 originations.
Applicant Debt to Income Ratio
Silverton Mortgage Specialists Inc lent most frequently to those with DTI ratios of <20%, with 305 originations. The next most common DTI ratio? 20-30%, with 294 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.73%
Silverton Mortgage Specialists Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.60%
Silverton Mortgage Specialists Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1000.0 | 2 | $90,000 | $45,000 |
| 1084.0 | 1 | $105,000 | $105,000 |
| 1132.0 | 1 | $135,000 | $135,000 |
| 1140.0 | 1 | $55,000 | $55,000 |
| 1157.0 | 1 | $115,000 | $115,000 |
| 1173.0 | 1 | $115,000 | $115,000 |
| 1206.72 | 1 | $85,000 | $85,000 |
| 1258.0 | 1 | $165,000 | $165,000 |
| 1344.5 | 1 | $95,000 | $95,000 |
| 850.0 | 1 | $35,000 | $35,000 |
| 900.0 | 1 | $55,000 | $55,000 |
| 951.68 | 1 | $85,000 | $85,000 |
| NA | 759 | $165,215,000 | $217,675 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 772 | $166,350,000 | $215,479 |