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, and Show Low among others. We have data for 3 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.
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Originations
103Origination Dollar Volume (All Markets)
$32,155,000Top 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) | 90 | $28,910,000 | $321,222 | $0 | 12.40% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 12 | $2,960,000 | $246,667 | $0 | 12.17% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $32,155,000 | $312,184 | $0 | 12.37% |
For 2022, Swh Funding's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 101 | $31,895,000 | $315,792 | $0 | 12.36% |
| Home Improvement | 1 | $15,000 | $15,000 | $0 | 12.00% |
| Refi | 1 | $245,000 | $245,000 | $0 | 14.00% |
For 2022, Swh Funding's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 102 | $31,900,000 | $312,745 | $0 | 12.37% |
| Other | 1 | $255,000 | $255,000 | $0 | 12.00% |
For 2022, Swh Funding's most frequently cited loan duration was 1 Year, with 102 originations. The 2nd most popular length was Other, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 103 | $32,155,000 | $312,184 |
During 2022, Swh Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 103 originations.
Loan Sizing
2022 saw Swh Funding place emphasis on $200k-400k loans with 43 originations, totaling $11,975,000 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 origination96.12%
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 | 103 | $32,155,000 | $312,184 |