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 Home Purchase and Cash Out Refi loans. Gallic & Johnson has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Salem, Portland, Newport, and Coos Bay among others. We have data for 11 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% | 11/21/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
84Origination Dollar Volume (All Markets)
$13,360,000Top 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) | 44 | $5,750,000 | $130,682 | $0 | 9.93% |
| SALEM, OR (FHA|USDA|VA) | 11 | $1,945,000 | $176,818 | $0 | 9.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $0 | 10.23% |
| Newport, OR (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $0 | 9.68% |
| Coos Bay, OR (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 10.10% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 9.88% |
| BEND, OR (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 9.59% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 10.75% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 9.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.00% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $0 | 9.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $13,360,000 | $159,048 | $0 | 9.91% |
For 2018, Gallic & Johnson's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $6,895,000 | $168,171 | $0 | 9.67% |
| Cash Out Refi | 39 | $5,915,000 | $151,667 | $0 | 10.16% |
| Refi | 4 | $550,000 | $137,500 | $0 | 9.88% |
For 2018, Gallic & Johnson's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
For 2018, Gallic & Johnson's most frequently cited loan duration was 1 Year, with 39 originations. The 2nd most popular length was Other, with 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 80 | $12,920,000 | $161,500 |
| 7-8% | 4 | $440,000 | $110,000 |
During 2018, Gallic & Johnson's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 80 originations.
Loan Sizing
2018 saw Gallic & Johnson place emphasis on $100k-200k loans with 36 originations, totaling $4,930,000 in origination value.
Applicant Income
Gallic & Johnson lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
Gallic & Johnson lent most frequently to those with DTI ratios of <20%, with 21 originations. The next most common DTI ratio? 20-30%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.86%
Gallic & Johnson has an average approval rate.
Pick Rate
Approvals leading to origination73.81%
Gallic & Johnson has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 84 | $13,360,000 | $159,048 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 17 | $1,945,000 | $114,412 |
| Single Family (1-4 Units):Site-Built | 67 | $11,415,000 | $170,373 |