Swh Funding Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300XO6U4LD9JWE008

Tax ID: 81-0739863

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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, Show Low, Flagstaff, Prescott Valley, and Sierra Vista 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 an above average pick rate when compared to similar lenders.

    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

    118

    Origination Dollar Volume (All Markets)

    $22,260,000

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 108 $20,830,000 $192,870 $0 12.55%
    Show Low, AZ (FHA|USDA|VA) 1 $425,000 $425,000 $0 12.00%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $330,000 $165,000 $0 12.00%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $265,000 $88,333 $0 12.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $0 12.00%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 12.00%
    Swh Funding's top markets include Phoenix, Show Low, Flagstaff, Prescott Valley, and Sierra Vista among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 118 $22,260,000 $188,644 $0 12.50%

    For 2020, Swh Funding's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $20,635,000 $189,312 $0 12.53%
    Refi 6 $1,530,000 $255,000 $0 12.00%
    Home Improvement 3 $95,000 $31,667 $0 12.67%

    For 2020, Swh Funding's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 118 $22,260,000 $188,644 $0 12.50%

    For 2020, Swh Funding's most frequently cited loan duration was 1 Year, with 118 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 117 $22,105,000 $188,932

    During 2020, Swh Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 54 $7,870,000 $145,741 $0 12.36%
    $100,000 or less 31 $1,995,000 $64,355 $0 13.00%
    $200k-400k 22 $6,140,000 $279,091 $0 12.31%
    $400k-600k 8 $3,820,000 $477,500 $0 12.00%
    $600k-1MM 3 $2,435,000 $811,667 $0 12.67%

    2020 saw Swh Funding place emphasis on $100k-200k loans with 54 originations, totaling $7,870,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 66 $13,180,000 $199,697 $0 12.50%
    Not provided 31 $4,935,000 $159,194 $0 12.39%
    White 18 $3,520,000 $195,556 $0 12.67%
    Black 3 $625,000 $208,333 $0 12.67%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    97.46%

    Swh Funding 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
    NA 118 $22,260,000 $188,644

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $595,000 $595,000
    Single Family (1-4 Units):Manufactured 22 $2,060,000 $93,636
    Single Family (1-4 Units):Site-Built 95 $19,605,000 $206,368

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $780,000 $195,000 $0 12.50%
    40-60% 37 $5,665,000 $153,108 $0 12.50%
    60-80% 68 $14,570,000 $214,265 $0 12.50%
    80-100% 6 $1,150,000 $191,667 $0 12.46%
    Under 20% 3 $95,000 $31,667 $0 12.67%