Pacific Lending Mortgage Rates, Fees & Info
IRVINE, CALEI: 2549007IU6SKFLLNKZ07
Tax ID: 45-3726636
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Mortgage Data
Review & Overview
Pacific Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Pacific Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Riverside, Los Angeles, Visalia, San Diego, and Phoenix among others. We have data for 61 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.93% | 4/28/24 |
| 30 Year Conventional Refi | 6.68% | 4/28/24 |
| 30 Year Cash-out Refi | 7.06% | 4/28/24 |
| 30 Year FHA Purchase | 7.53% | 4/28/24 |
| 30 Year FHA Refi | 7.15% | 4/28/24 |
| 30 Year VA Purchase | 6.38% | 4/28/24 |
| 30 Year VA Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
719Origination Dollar Volume (All Markets)
$286,865,000Awards
Pacific Lending - 2022
Pacific Lending is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 176 | $70,770,000 | $402,102 | $12,238 | 4.97% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 103 | $49,295,000 | $478,592 | $12,152 | 4.61% |
| VISALIA, CA (FHA|USDA|VA) | 123 | $35,445,000 | $288,171 | $9,658 | 4.94% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 48 | $31,710,000 | $660,625 | $13,701 | 4.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 50 | $18,490,000 | $369,800 | $7,223 | 4.43% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 20 | $11,420,000 | $571,000 | $14,474 | 4.72% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 32 | $8,660,000 | $270,625 | $8,633 | 4.94% |
| FRESNO, CA (FHA|USDA|VA) | 21 | $8,085,000 | $385,000 | $10,827 | 4.79% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 16 | $5,620,000 | $351,250 | $10,814 | 4.67% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $2,965,000 | $423,571 | $11,395 | 5.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,895,000 | $413,571 | $10,568 | 4.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,865,000 | $409,286 | $10,567 | 5.12% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $2,565,000 | $513,000 | $12,914 | 4.55% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 10 | $2,540,000 | $254,000 | $8,675 | 4.34% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $2,450,000 | $612,500 | $12,287 | 5.31% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $19,273 | 5.67% |
| Outside of Metro Areas | 7 | $1,925,000 | $275,000 | $10,879 | 5.02% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $8,733 | 5.48% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $8,755 | 5.97% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $9,643 | 4.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $11,583 | 5.40% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $20,927 | 6.17% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $11,091 | 5.71% |
| MADERA, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $11,737 | 4.25% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $17,414 | 4.44% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $7,950 | 3.96% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $9,732 | 5.19% |
| Hilo, HI (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $14,844 | 5.56% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $10,581 | 5.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $8,913 | 4.94% |
| YUMA, AZ (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,432 | 4.78% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $11,381 | 7.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $18,634 | 5.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,989 | 6.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,818 | 3.93% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $9,347 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,704 | 3.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,532 | 4.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $10,928 | 4.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $10,077 | 3.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,591 | 3.38% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $15,460 | 5.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,256 | 4.94% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $8,748 | 9.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,872 | 5.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,020 | 3.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,751 | 3.99% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,446 | 4.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,708 | 4.88% |
| SALEM, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,972 | 5.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,609 | 3.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,446 | 5.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,775 | 5.63% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,619 | 7.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,490 | 3.63% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,309 | 6.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,649 | 5.25% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,560 | 3.12% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,718 | 3.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,430 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,049 | 3.99% |
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 2022, Pacific Lending's most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was FHA, with 226 originations.
Loan Reason
For 2022, Pacific Lending's most frequently cited loan purpose was Home Purchase, with 481 originations. The 2nd most popular reason was Cash Out Refi, with 192 originations.
Loan Duration/Length
For 2022, Pacific Lending's most frequently cited loan duration was 30 Year, with 709 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
Pacific Lending's average total fees were $11,082, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 358 originations.
Interest Rates
During 2022, Pacific Lending's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 3-4%, with 209 originations.
Loan Sizing
2022 saw Pacific Lending place emphasis on $200k-400k loans with 347 originations, totaling $104,705,000 in origination value.
Applicant Income
Pacific Lending lent most frequently to those with incomes in the $100k-150k range, with 187 originations. The second most popular income band? $50k-75k, with 158 originations.
Applicant Debt to Income Ratio
Pacific Lending lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.40%
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 origination61.06%
Pacific Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 719 | $286,865,000 | $398,978 |