# SNAPFI, INC.

> **Canonical URL:** https://saferate.com/lenders/snapfi


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


SNAPFI, INC. is a independent mortgage company, headquartered in Redding, CA, serving borrowers across 2 states, with 39 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 81% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 62% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300UM5S3HZLZHVP89
- **Headquarters:** Redding, CA
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** CA, NV
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 19/100
- Rating: ●○○○○ (1/5)

### Pull Through: Acceptable 🙂
- Score: 38/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.541%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,003
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 39
- **Dollar Volume:** $20 million
- **Applications Received:** 41
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $506,026
- **Average Borrower Income:** $172,692
- **Average Property Value:** $747,821

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 14/100 | 25 | +0.474% | $3,382 | Mediocre 😐 |
| FHA | 35/100 | 11 | +0.705% | $5,607 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 21 loans, Score: 17/100 (Mediocre)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 20/100 | 32 | $15M | +0.579% | Mediocre 😐 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 32 | 0.01% | 55/100 |

## Frequently Asked Questions

### What loan types does SNAPFI, INC. offer?

SNAPFI, INC. offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does SNAPFI, INC. offer mortgages?

SNAPFI, INC. offers mortgages in 2 states: CA, NV.

### How competitive are SNAPFI, INC.'s mortgage rates?

SNAPFI, INC. has a pricing score of 19/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.541% above market average.

### What type of lender is SNAPFI, INC.?

SNAPFI, INC. is a non-depository lender that specializes in mortgage origination, headquartered in Redding, CA.

### What is SNAPFI, INC.'s loan approval success rate?

SNAPFI, INC. has a pull-through score of 38/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/snapfi

### How to Cite

> "SNAPFI, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/snapfi

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