Gallic & Johnson Mortgage Rates, Fees & Info
Eugene, ORLEI: 254900M8453FLU1TS434
Tax ID: 27-1557165
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Mortgage Data
Review & Overview
Gallic & Johnson is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Gallic & Johnson has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Portland, Salem, Roseburg, and Bend among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Gallic & Johnson 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 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. | ||
Gallic & Johnson Mortgage Calculator
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Originations
112Origination Dollar Volume (All Markets)
$29,680,000Top 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 |
|---|---|---|---|---|---|
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 56 | $16,110,000 | $287,679 | $0 | 11.69% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $4,070,000 | $339,167 | $0 | 11.58% |
| SALEM, OR (FHA|USDA|VA) | 13 | $3,115,000 | $239,615 | $0 | 11.14% |
| Roseburg, OR (FHA|USDA|VA) | 11 | $1,925,000 | $175,000 | $0 | 11.42% |
| Outside of Metro Areas | 7 | $1,205,000 | $172,143 | $0 | 11.61% |
| BEND, OR (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 10.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 10.69% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 11.75% |
| Coos Bay, OR (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 11.67% |
| Brookings, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 11.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 11.50% |
| Astoria, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 12.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $29,680,000 | $265,000 | $0 | 11.55% |
For 2023, Gallic & Johnson's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 63 | $13,115,000 | $208,175 | $0 | 11.62% |
| Home Purchase | 45 | $14,345,000 | $318,778 | $0 | 11.49% |
| Refi | 4 | $2,220,000 | $555,000 | $0 | 11.06% |
For 2023, Gallic & Johnson's most frequently cited loan purpose was Cash Out Refi, with 63 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
For 2023, Gallic & Johnson's most frequently cited loan duration was 1 Year, with 70 originations. The 2nd most popular length was Other, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 112 | $29,680,000 | $265,000 |
During 2023, Gallic & Johnson's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 112 originations.
Loan Sizing
2023 saw Gallic & Johnson place emphasis on $200k-400k loans with 40 originations, totaling $11,140,000 in origination value.
Applicant Income
Gallic & Johnson lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $50k or less, with 22 originations.
Applicant Debt to Income Ratio
Gallic & Johnson lent most frequently to those with DTI ratios of >60%, with 32 originations. The next most common DTI ratio? <20%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 83 | $21,525,000 | $259,337 | $0 | 11.65% |
| Not provided | 29 | $8,155,000 | $281,207 | $0 | 11.26% |
Approval Rates
Total approvals of all applications95.45%
Gallic & Johnson has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.50%
Gallic & Johnson has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 112 | $29,680,000 | $265,000 |