Pacific City Bank Mortgage Rates, Fees & Info
Los Angeles, CALEI: 54930072UFREQ9ZZRG80
Tax ID: 82-0587551
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
305Origination Dollar Volume (All Markets)
$213,095,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2022 saw Pacific City Bank place emphasis on $400k-600k loans with 125 originations, totaling $62,565,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications99.75%
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 origination73.44%
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 |