Swh Funding Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300XO6U4LD9JWE008
Tax ID: 81-0739863
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Swh Funding is a smaller mortgage company specializing in Home Purchase loans. Swh Funding has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Flagstaff, Tucson, and Yuma among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Swh Funding 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.
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Originations
203Origination Dollar Volume (All Markets)
$32,845,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 190 | $30,980,000 | $163,053 | $0 | 13.10% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $0 | 12.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 12.00% |
| Outside of Metro Areas | 2 | $380,000 | $190,000 | $0 | 13.00% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 13.33% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 14.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 203 | $32,845,000 | $161,798 | $0 | 13.07% |
For 2018, Swh Funding's most frequently originated type of loan was Conventional, with 203 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 193 | $31,475,000 | $163,083 | $0 | 13.07% |
| Refi | 8 | $1,020,000 | $127,500 | $0 | 13.00% |
| Home Improvement | 2 | $350,000 | $175,000 | $0 | 13.00% |
For 2018, Swh Funding's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 203 | $32,845,000 | $161,798 | $0 | 13.07% |
For 2018, Swh Funding's most frequently cited loan duration was Other, with 203 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 201 | $32,155,000 | $159,975 |
| 7-8% | 1 | $565,000 | $565,000 |
During 2018, Swh Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 201 originations.
Loan Sizing
2018 saw Swh Funding place emphasis on $100k-200k loans with 113 originations, totaling $16,025,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 1 | $365,000 | $365,000 | $0 | 12.00% |
Swh Funding lent most frequently to those with incomes in the $50k or less range, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Swh Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.70%
Swh Funding has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 203 | $32,845,000 | $161,798 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $420,000 | $70,000 |
| Single Family (1-4 Units):Site-Built | 197 | $32,425,000 | $164,594 |