Silver State Schools Service Company Mortgage Rates, Fees & InfoLAS VEGAS, NV
Tax ID: 88-0062898
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSilver State Schools Service Company is a smaller mortgage company specializing in Other and Refi loans. Silver State Schools Service Company has a high proportion of conventional loans. Their top markets by origination volume include: Las Vegas, Pahrump, Gardnerville Ranchos, and Reno among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)
Silver State Schools Service Company has a below average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Silver State Schools Service Company 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||5.80%||3/28/23|
|30 Year Conventional Purchase||6.55%||3/28/23|
|30 Year Conventional Refi||6.76%||3/28/23|
|30 Year Cash-out Refi||6.69%||3/28/23|
|15 Year Conventional Purchase||5.48%||3/28/23|
|15 Year Conventional Refi||6.31%||3/28/23|
|15 Year Cash-out Refi||6.31%||3/28/23|
|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.|
Origination Dollar Volume (All Markets)$41,290,000
Silver State Schools Service Company's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
Silver State Schools Service Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,755.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||337||$41,065,000||$121,855||$5,280||5.80%|
|Pahrump, NV (FHA|USDA|VA)||2||$150,000||$75,000||$0||8.63%|
|Gardnerville Ranchos, NV (FHA|USDA|VA)||1||$35,000||$35,000||$0||9.75%|
|Outside of Metro Areas||1||$25,000||$25,000||$0||4.50%|
|RENO, NV (FHA|USDA|VA)||1||$15,000||$15,000||$0||4.50%|
We use machine learning to identify the top lenders compared against SILVER STATE SCHOOLS SERVICE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Silver State Schools Service Company's most frequently originated type of loan was HELOC, with 201 originations. Their 2nd most popular type was Conventional, with 141 originations.
For 2022, Silver State Schools Service Company's most frequently cited loan purpose was Other, with 189 originations. The 2nd most popular reason was Refi, with 77 originations.
For 2022, Silver State Schools Service Company's most frequently cited loan duration was Other, with 204 originations. The 2nd most popular length was 10 Year, with 59 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Silver State Schools Service Company's average total fees were $5,755, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Silver State Schools Service Company's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 83 originations.
2022 saw Silver State Schools Service Company place emphasis on $100,000 or less loans with 199 originations, totaling $10,445,000 in origination value.
Silver State Schools Service Company lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $75k-100k, with 74 originations.
Applicant Debt to Income Ratio
Silver State Schools Service Company lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 66 originations.
Approval RatesTotal approvals of all applications
Silver State Schools Service Company has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick RateApprovals leading to origination
Silver State Schools Service Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
|Points||Originations||Total Value||Average Loan|