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, Albany, Bend, Salem, and Klamath Falls among others. We have data for 16 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
105Origination Dollar Volume (All Markets)
$28,735,000Top 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) | 60 | $16,580,000 | $276,333 | $0 | 9.92% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 6 | $2,360,000 | $393,333 | $0 | 10.54% |
| BEND, OR (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $0 | 9.23% |
| SALEM, OR (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $0 | 10.36% |
| Klamath Falls, OR (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $0 | 10.78% |
| Roseburg, OR (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $0 | 10.45% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 10.17% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 10.08% |
| Astoria, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 9.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 9.88% |
| Newport, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 9.75% |
| Outside of Metro Areas | 1 | $325,000 | $325,000 | $0 | 10.00% |
| Hood River, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.88% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.50% |
| Brookings, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.25% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $28,735,000 | $273,667 | $0 | 10.05% |
For 2022, Gallic & Johnson's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 60 | $18,390,000 | $306,500 | $0 | 9.82% |
| Cash Out Refi | 41 | $9,655,000 | $235,488 | $0 | 10.41% |
| Refi | 4 | $690,000 | $172,500 | $0 | 9.97% |
For 2022, Gallic & Johnson's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Loan Duration/Length
For 2022, Gallic & Johnson's most frequently cited loan duration was 1 Year, with 59 originations. The 2nd most popular length was Other, with 36 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 104 | $28,230,000 | $271,442 |
During 2022, Gallic & Johnson's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 104 originations.
Loan Sizing
2022 saw Gallic & Johnson place emphasis on $200k-400k loans with 42 originations, totaling $11,620,000 in origination value.
Applicant Income
Gallic & Johnson lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
Gallic & Johnson lent most frequently to those with DTI ratios of <20%, with 37 originations. The next most common DTI ratio? >60%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.90%
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 origination80.95%
Gallic & Johnson has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 105 | $28,735,000 | $273,667 |