Pacific City Bank Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 54930072UFREQ9ZZRG80

Tax ID: 82-0587551

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Mortgage Data

Review & Overview

Pacific City Bank is a smaller bank specializing in Home Purchase loans. Pacific City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, San Diego, and San Jose among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pacific City Bank 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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Originations

305

Origination Dollar Volume (All Markets)

$213,095,000

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 158 $135,640,000 $858,481 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 123 $63,615,000 $517,195 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $6,245,000 $693,889 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,960,000 $740,000 $0 0.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 3 $1,055,000 $351,667 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $700,000 $350,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Pacific City Bank's top markets include Los Angeles, Riverside, San Francisco, San Diego, and San Jose among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 305 $213,095,000 $698,672 $0 0.00%

    For 2022, Pacific City Bank's most frequently originated type of loan was Conventional, with 305 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 239 $154,995,000 $648,515 $0 0.00%
    Cash Out Refi 30 $18,150,000 $605,000 $0 0.00%
    Refi 28 $35,740,000 $1,276,429 $0 0.00%
    Other 7 $3,905,000 $557,857 $0 0.00%
    Home Improvement 1 $305,000 $305,000 $0 0.00%

    For 2022, Pacific City Bank's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 305 $213,095,000 $698,672 $0 0.00%

    For 2022, Pacific City Bank's most frequently cited loan duration was Other, with 305 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 125 $62,565,000 $500,520 $0 0.00%
    $600k-1MM 93 $69,005,000 $741,989 $0 0.00%
    $200k-400k 57 $18,735,000 $328,684 $0 0.00%
    $1MM+ 29 $62,615,000 $2,159,138 $0 0.00%
    $100k-200k 1 $175,000 $175,000 $0 0.00%

    2022 saw Pacific City Bank place emphasis on $400k-600k loans with 125 originations, totaling $62,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $53,710,000 $506,698 $0 0.00%
    $150k-250k 89 $55,365,000 $622,079 $0 0.00%
    $250k+ 44 $42,900,000 $975,000 $0 0.00%
    $75k-100k 40 $15,820,000 $395,500 $0 0.00%
    $50k-75k 7 $2,305,000 $329,286 $0 0.00%

    Pacific City Bank lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $150k-250k, with 89 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 305 $213,095,000 $698,672 $0 0.00%

    Pacific City Bank lent most frequently to those with DTI ratios of Exempt%, with 305 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 278 $164,070,000 $590,180 $0 0.00%
    Not applicable 19 $42,995,000 $2,262,895 $0 0.00%
    Not provided 6 $4,460,000 $743,333 $0 0.00%
    White 2 $1,570,000 $785,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.75%

    Pacific City Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    73.44%

    Pacific City Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 305 $213,095,000 $698,672

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    305 $213,095,000 $698,672