Pacific Lending Mortgage Rates, Fees & Info
IRVINE, CALEI: 2549007IU6SKFLLNKZ07
Tax ID: 45-3726636
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Pacific Lending is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Pacific Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans.Pacific Lending 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. Pacific Lending is typically an average 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 | 6.93% | 12/4/24 |
| 30 Year Conventional Refi | 6.68% | 12/4/24 |
| 30 Year Cash-out Refi | 7.06% | 12/4/24 |
| 30 Year FHA Purchase | 7.53% | 12/4/24 |
| 30 Year FHA Refi | 7.15% | 12/4/24 |
| 30 Year VA Purchase | 6.38% | 12/4/24 |
| 30 Year VA Refi | 6.27% | 12/4/24 |
| 15 Year Conventional Purchase | 5.68% | 12/4/24 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Pacific Lending. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,877Origination Dollar Volume (All Markets)
$671,925,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1,877 | $671,925,000 | $357,978 | $7,188 | 3.09% |
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.
Similarity Rank: 53
Similarity Rank: 204
Similarity Rank: 212
Similarity Rank: 228
Similarity Rank: 332
Similarity Rank: 354
Similarity Rank: 378
Similarity Rank: 404
Similarity Rank: 404
Similarity Rank: 420
Product Mix
For 2021, Pacific Lending's most frequently originated type of loan was Conventional, with 1,348 originations. Their 2nd most popular type was FHA, with 376 originations.
Loan Reason
For 2021, Pacific Lending's most frequently cited loan purpose was Home Purchase, with 745 originations. The 2nd most popular reason was Refi, with 647 originations.
Loan Duration/Length
For 2021, Pacific Lending's most frequently cited loan duration was 30 Year, with 1,744 originations. The 2nd most popular length was 15 Year, with 74 originations.
Origination Fees/Closing Costs
Pacific Lending's average total fees were $7,397, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 999 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 919 | $335,985,000 | $365,598 |
| 2.5-3% | 714 | $250,840,000 | $351,317 |
| <2.5% | 204 | $71,860,000 | $352,255 |
| 4-5% | 38 | $12,150,000 | $319,737 |
| 5-6% | 2 | $1,090,000 | $545,000 |
During 2021, Pacific Lending's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 919 originations.
Loan Sizing
2021 saw Pacific Lending place emphasis on $200k-400k loans with 993 originations, totaling $294,465,000 in origination value.
Applicant Income
Pacific Lending lent most frequently to those with incomes in the $100k-150k range, with 449 originations. The second most popular income band? $50k-75k, with 414 originations.
Applicant Debt to Income Ratio
Pacific Lending lent most frequently to those with DTI ratios of 20-30%, with 607 originations. The next most common DTI ratio? <20%, with 425 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 origination95.79%
Pacific Lending 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 | 1,877 | $671,925,000 | $357,978 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PACIFIC WESTERN BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |