Pacific Lending Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Pacific Lending is a smaller mortgage company specializing in Home Purchase loans. Pacific Lending has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Riverside, Visalia, Los Angeles, San Diego, and Sacramento among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)Pacific Lending 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. Pacific Lending is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.27% | 4/5/25 |
| 30 Year Conventional Refi | 7.17% | 4/5/25 |
| 30 Year Cash-out Refi | 7.39% | 4/5/25 |
| 30 Year FHA Purchase | 7.46% | 4/5/25 |
| 30 Year FHA Refi | 7.15% | 4/5/25 |
| 30 Year VA Purchase | 6.81% | 4/5/25 |
| 30 Year VA Refi | 6.43% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Pacific Lending Mortgage Calculator
Your Estimates
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This is not an official calculator from Pacific Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
329Origination Dollar Volume (All Markets)
$137,335,000Awards
Pacific Lending - 2024
Pacific Lending is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Pacific Lending's average 30 year fixed mortgage rate was
6.65%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Pacific Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $13,937.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 75 | $35,635,000 | $475,133 | $15,340 | 6.77% |
| VISALIA, CA (FHA|USDA|VA) | 77 | $25,455,000 | $330,584 | $13,034 | 6.57% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 29 | $14,845,000 | $511,897 | $15,145 | 6.65% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $9,560,000 | $682,857 | $17,147 | 6.46% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $4,745,000 | $431,364 | $15,459 | 6.65% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 15 | $4,555,000 | $303,667 | $10,228 | 6.42% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 7 | $4,505,000 | $643,571 | $17,373 | 6.48% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $3,395,000 | $377,222 | $12,874 | 7.14% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $3,255,000 | $361,667 | $10,056 | 6.78% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $2,920,000 | $365,000 | $16,507 | 6.44% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $2,745,000 | $305,000 | $12,137 | 6.57% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,485,000 | $355,000 | $14,391 | 6.75% |
| Hilo, HI (FHA|USDA|VA) | 5 | $2,445,000 | $489,000 | $15,734 | 6.42% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $19,707 | 6.67% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $13,011 | 6.85% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $9,307 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $18,504 | 6.79% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $12,141 | 6.84% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $20,928 | 5.81% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $13,466 | 7.50% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $14,852 | 6.19% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $24,647 | 6.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,840 | 6.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $16,043 | 6.00% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $13,612 | 6.37% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $16,024 | 6.99% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $14,462 | 6.99% |
| Fernley, NV (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $21,571 | 5.75% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $14,629 | 8.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,489 | 6.50% |
| McMinnville, TN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $10,787 | 6.44% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $19,493 | 5.63% |
| Outside of Metro Areas | 1 | $365,000 | $365,000 | $3,888 | 6.62% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,098 | 7.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,892 | 6.25% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,333 | 6.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,884 | 6.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,693 | 6.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,991 | 6.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,604 | 6.38% |
| Shelby, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,984 | 6.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,960 | 6.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,655 | 6.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,900 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,261 | 7.49% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,271 | 6.99% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,016 | 7.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,741 | 7.38% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $10,510 | 7.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,596 | 7.50% |
| Liberal, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,074 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Pacific Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Pacific Lending's most frequently originated type of loan was Conventional, with 156 originations. Their 2nd most popular type was FHA, with 128 originations.
Loan Reason
For 2024, Pacific Lending's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 328 | $137,090,000 | $417,957 | $13,937 | 6.65% |
| 20 Year | 1 | $245,000 | $245,000 | $8,032 | 7.13% |
For 2024, Pacific Lending's most frequently cited loan duration was 30 Year, with 328 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
Pacific Lending's average total fees were $13,937, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 232 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 202 | $82,200,000 | $406,931 |
| 7-8% | 77 | $33,665,000 | $437,208 |
| 5-6% | 45 | $19,545,000 | $434,333 |
| Over 8% | 5 | $1,925,000 | $385,000 |
During 2024, Pacific Lending's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 202 originations.
Loan Sizing
2024 saw Pacific Lending place emphasis on $200k-400k loans with 151 originations, totaling $46,715,000 in origination value.
Applicant Income
Pacific Lending lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 79 originations.
Applicant Debt to Income Ratio
Pacific Lending lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? 50-60%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Pacific Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.37%
Pacific Lending has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 329 | $137,335,000 | $417,432 |