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, Tucson, Payson, and Flagstaff among others. We have data for 7 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
223Origination Dollar Volume (All Markets)
$33,605,000Top 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) | 207 | $31,485,000 | $152,101 | $0 | 12.53% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $0 | 12.00% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 11.56% |
| Payson, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 12.50% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 13.00% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 12.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 222 | $33,500,000 | $150,901 | $0 | 12.50% |
| HELOC | 1 | $105,000 | $105,000 | n/a | 12.00% |
For 2019, Swh Funding's most frequently originated type of loan was Conventional, with 222 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2019, Swh Funding's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $18,350,000 | $141,154 | $0 | 12.61% |
| 1 Year | 93 | $15,255,000 | $164,032 | $0 | 12.35% |
For 2019, Swh Funding's most frequently cited loan duration was Other, with 130 originations. The 2nd most popular length was 1 Year, with 93 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 221 | $32,905,000 | $148,891 |
| 7-8% | 2 | $700,000 | $350,000 |
During 2019, Swh Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 221 originations.
Loan Sizing
2019 saw Swh Funding place emphasis on $100k-200k loans with 101 originations, totaling $14,675,000 in origination value.
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 origination87.89%
Swh Funding has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 223 | $33,605,000 | $150,695 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 40 | $3,190,000 | $79,750 |
| Single Family (1-4 Units):Site-Built | 183 | $30,415,000 | $166,202 |