Pacor Mortgage Corp Rates, Fees & Info

Oak Forest, IL

LEI: 549300EMGY2NJUW3A749

Tax ID: 36-3575871

5 stars - Updated: 12/2/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Pacor Mortgage Corp is a smaller mortgage company specializing in Home Purchase loans. Pacor Mortgage Corp has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Kalamazoo, Milwaukee, North Port, and Michigan City among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pacor Mortgage Corp 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. Pacor Mortgage Corp is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.87% 12/2/24
30 Year Conventional Refi 6.59% 12/2/24
30 Year Cash-out Refi 6.83% 12/2/24
30 Year FHA Purchase 7.67% 12/2/24
30 Year FHA Refi 7.33% 12/2/24
30 Year VA Purchase 6.39% 12/2/24
30 Year VA Refi 6.58% 12/2/24
15 Year Conventional Purchase 6.43% 12/2/24
15 Year Conventional Refi 6.08% 12/2/24
15 Year Cash-out Refi 6.08% 12/2/24
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.

Pacor Mortgage Corp Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pacor Mortgage Corp. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

324

Origination Dollar Volume (All Markets)

$81,690,000

Awards

Pacor Mortgage Corp 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Pacor Mortgage Corp's average 30 year fixed mortgage rate was 6.9%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.42%.

Relative Fees (Closing Costs)

Pacor Mortgage Corp's average total fees/closing costs for a 30 year fixed rate mortgage were $6,872.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 257 $65,855,000 $256,245 $7,330 6.89%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 25 $5,785,000 $231,400 $3,536 6.77%
Outside of Metro Areas 7 $2,605,000 $372,143 $9,160 6.96%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $940,000 $235,000 $5,142 7.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $870,000 $435,000 $4,665 7.56%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $810,000 $202,500 $6,661 7.00%
KANKAKEE, IL (FHA|USDA|VA) 3 $545,000 $181,667 $5,831 7.00%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $530,000 $265,000 $3,137 6.44%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $430,000 $215,000 $6,762 6.69%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $365,000 $365,000 $3,713 6.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $14,905 5.25%
Sturgis, MI (FHA|USDA|VA) 2 $310,000 $155,000 $2,813 6.19%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $7,846 7.38%
ROCKFORD, IL (FHA|USDA|VA) 2 $240,000 $120,000 $4,083 6.94%
Holland, MI (FHA|USDA|VA) 2 $240,000 $120,000 $2,763 6.19%
Ottawa, IL (FHA|USDA|VA) 1 $215,000 $215,000 $9,168 7.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $205,000 $205,000 $9,224 7.63%
FLINT, MI (FHA|USDA|VA) 1 $195,000 $195,000 $5,009 6.00%
NILES, MI (FHA|USDA|VA) 1 $185,000 $185,000 $6,758 7.25%
OCALA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,840 6.13%
Whitewater, WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,169 7.63%
DECATUR, IL (FHA|USDA|VA) 1 $165,000 $165,000 $3,146 6.38%
PEORIA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,118 6.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $95,000 $95,000 $4,235 6.50%
Pacor Mortgage Corp's top markets include Chicago, Kalamazoo, Milwaukee, North Port, and Michigan City among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Pacor Mortgage Corp based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 46
    United Bank of Michigan
    Similarity Rank: 98
    Adventure Credit Union
    Similarity Rank: 130
    Macatawa Bank
    Similarity Rank: 168
    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 253
    Kellogg Community Credit Union
    Similarity Rank: 266
    Liberty Bank for Savings
    Similarity Rank: 279
    SUMMIT HOME MORTGAGE, LLC
    Similarity Rank: 288
    The Middlefield Banking Company
    Similarity Rank: 375
    Isabella Bank
    Similarity Rank: 400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 264 $66,500,000 $251,894 $6,033 6.91%
    FHA 49 $11,605,000 $236,837 $10,499 6.79%
    VA 11 $3,585,000 $325,909 $10,727 6.56%

    For 2023, Pacor Mortgage Corp's most frequently originated type of loan was Conventional, with 264 originations. Their 2nd most popular type was FHA, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 304 $77,750,000 $255,757 $7,040 6.88%
    Refi 14 $2,630,000 $187,857 $3,788 6.85%
    Cash Out Refi 6 $1,310,000 $218,333 $5,487 6.92%

    For 2023, Pacor Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 309 $78,445,000 $253,867 $6,872 6.90%
    15 Year 10 $2,160,000 $216,000 $6,942 6.23%
    Other 2 $300,000 $150,000 $5,797 7.19%
    10 Year 1 $95,000 $95,000 $4,112 6.63%
    20 Year 1 $625,000 $625,000 $15,184 5.88%
    5 Year 1 $65,000 $65,000 $2,290 7.00%

    For 2023, Pacor Mortgage Corp's most frequently cited loan duration was 30 Year, with 309 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 94 $23,530,000 $250,319
    $2k-3k 70 $12,900,000 $184,286
    $3k-4k 64 $15,070,000 $235,469
    $5k+ 61 $21,625,000 $354,508
    $4k-5k 29 $7,285,000 $251,207
    $<1k 5 $1,145,000 $229,000

    Pacor Mortgage Corp's average total fees were $6,872, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 94 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 162 $38,690,000 $238,827
    7-8% 115 $31,215,000 $271,435
    5-6% 35 $8,415,000 $240,429
    Over 8% 12 $3,370,000 $280,833

    During 2023, Pacor Mortgage Corp's average interest rate for loans was 6.90%, while their most frequently originated rate bucket for loans was 6-7%, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 150 $41,900,000 $279,333 $7,858 6.92%
    $100k-200k 121 $18,735,000 $154,835 $5,358 6.81%
    $400k-600k 33 $15,505,000 $469,848 $7,693 7.07%
    $100,000 or less 14 $1,160,000 $82,857 $3,904 6.65%
    $600k-1MM 5 $3,285,000 $657,000 $10,666 6.63%
    $1MM+ 1 $1,105,000 $1,105,000 $35,625 6.75%

    2023 saw Pacor Mortgage Corp place emphasis on $200k-400k loans with 150 originations, totaling $41,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 80 $15,520,000 $194,000 $6,715 6.68%
    $100k-150k 77 $21,635,000 $280,974 $7,399 6.97%
    $75k-100k 64 $14,340,000 $224,063 $6,977 6.90%
    $150k-250k 53 $17,675,000 $333,491 $7,172 7.07%
    $50k or less 32 $4,130,000 $129,063 $4,785 6.59%
    $250k+ 18 $8,390,000 $466,111 $7,758 7.25%

    Pacor Mortgage Corp lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $100k-150k, with 77 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 64 $16,960,000 $265,000 $6,784 6.84%
    30-36% 47 $12,475,000 $265,426 $6,580 6.80%
    40% 21 $4,935,000 $235,000 $7,203 6.91%
    42% 18 $3,860,000 $214,444 $7,030 6.92%
    39% 17 $4,785,000 $281,471 $7,188 6.80%
    50-60% 15 $3,655,000 $243,667 $10,642 7.09%
    48% 14 $3,570,000 $255,000 $7,306 6.92%
    46% 14 $3,360,000 $240,000 $7,435 6.76%
    38% 14 $3,720,000 $265,714 $6,688 7.36%
    36% 14 $3,260,000 $232,857 $5,423 6.91%
    43% 13 $2,525,000 $194,231 $5,705 6.72%
    <20% 12 $2,410,000 $200,833 $4,615 6.89%
    37% 12 $2,670,000 $222,500 $6,173 7.01%
    41% 11 $2,665,000 $242,273 $6,143 7.05%
    45% 10 $2,570,000 $257,000 $6,244 6.36%
    49% 10 $3,660,000 $366,000 $9,066 6.86%
    47% 9 $2,395,000 $266,111 $6,461 7.21%
    44% 9 $2,215,000 $246,111 $7,205 6.57%

    Pacor Mortgage Corp lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 294 $74,540,000 $253,537 $6,810 6.89%
    Black 25 $5,815,000 $232,600 $7,337 6.66%
    Asian 2 $650,000 $325,000 $5,742 7.63%
    Not provided 2 $440,000 $220,000 $7,955 6.81%
    American Indian 1 $245,000 $245,000 $12,942 7.25%

    Approval Rates

    Total approvals of all applications
    97.66%

    Pacor Mortgage Corp 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
    84.57%

    Pacor Mortgage Corp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 324 $81,690,000 $252,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    324 $81,690,000 $252,130

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,450,000 $181,250 $4,673 7.06%
    40-60% 14 $2,500,000 $178,571 $4,259 6.95%
    60-80% 98 $25,620,000 $261,429 $6,051 7.01%
    80-100% 201 $51,485,000 $256,144 $7,504 6.80%
    Over 100% 2 $570,000 $285,000 $12,319 6.88%
    Under 20% 1 $65,000 $65,000 $2,290 7.00%