Pacor Mortgage Corp Rates, Fees & Info
Oak Forest, ILLEI: 549300EMGY2NJUW3A749
Tax ID: 36-3575871
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Mortgage Data
Review & Overview
Pacor Mortgage Corp is a smaller mortgage company specializing in Refi and Home Purchase loans. Pacor Mortgage Corp has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Kalamazoo, Holland, Detroit, and Los Angeles among others. We have data for 49 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 an above average pick rate when compared to similar lenders. Pacor Mortgage Corp is typically a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.87% | 4/21/24 |
| 30 Year Conventional Refi | 6.59% | 4/21/24 |
| 30 Year Cash-out Refi | 6.83% | 4/21/24 |
| 30 Year FHA Purchase | 7.67% | 4/21/24 |
| 30 Year FHA Refi | 7.33% | 4/21/24 |
| 30 Year VA Purchase | 6.39% | 4/21/24 |
| 30 Year VA Refi | 6.58% | 4/21/24 |
| 15 Year Conventional Purchase | 6.43% | 4/21/24 |
| 15 Year Conventional Refi | 6.08% | 4/21/24 |
| 15 Year Cash-out Refi | 6.08% | 4/21/24 |
| 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. | ||
Pacor Mortgage Corp Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,989Origination Dollar Volume (All Markets)
$488,765,000Awards
Pacor Mortgage Corp - 2020
Pacor Mortgage Corp is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,582 | $395,420,000 | $249,949 | $3,528 | 3.08% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 209 | $47,195,000 | $225,813 | $2,692 | 2.93% |
| Outside of Metro Areas | 40 | $7,950,000 | $198,750 | $2,481 | 2.87% |
| Holland, MI (FHA|USDA|VA) | 19 | $3,875,000 | $203,947 | $2,780 | 2.74% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 16 | $3,290,000 | $205,625 | $2,391 | 3.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $3,120,000 | $520,000 | $3,947 | 3.02% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 13 | $2,955,000 | $227,308 | $2,419 | 2.93% |
| KANKAKEE, IL (FHA|USDA|VA) | 11 | $2,265,000 | $205,909 | $3,909 | 2.90% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 7 | $2,265,000 | $323,571 | $2,143 | 3.20% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $2,843 | 3.13% |
| NILES, MI (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $2,681 | 2.89% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $3,421 | 2.96% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $3,829 | 2.68% |
| Whitewater, WI (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $3,678 | 3.08% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $2,695 | 2.85% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $5,537 | 3.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $3,435 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,604 | 3.13% |
| MADISON, WI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,123 | 3.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,843 | 3.63% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,726 | 3.25% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,702 | 2.94% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,075 | 2.63% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,469 | 3.13% |
| RACINE, WI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,692 | 3.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,249 | 2.75% |
| FLINT, MI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,669 | 2.88% |
| Ottawa, IL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,238 | 2.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,142 | 3.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,657 | 2.88% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,706 | 2.94% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,484 | 3.50% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,399 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,799 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,555 | 2.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,417 | 3.50% |
| Dixon, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,177 | 3.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,630 | 2.63% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,935 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,890 | 3.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,685 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,043 | 3.00% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,974 | 2.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,069 | 4.13% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,108 | 3.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,510 | 3.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,421 | 2.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,775 | 3.00% |
| Ludington, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,424 | 2.75% |
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.
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Product Mix
For 2020, Pacor Mortgage Corp's most frequently originated type of loan was Conventional, with 1,834 originations. Their 2nd most popular type was FHA, with 119 originations.
Loan Reason
For 2020, Pacor Mortgage Corp's most frequently cited loan purpose was Refi, with 1,373 originations. The 2nd most popular reason was Home Purchase, with 608 originations.
Loan Duration/Length
For 2020, Pacor Mortgage Corp's most frequently cited loan duration was 30 Year, with 1,392 originations. The 2nd most popular length was 15 Year, with 341 originations.
Origination Fees/Closing Costs
Pacor Mortgage Corp's average total fees were $3,759, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,768 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 963 | $242,925,000 | $252,259 |
| 3-4% | 745 | $181,225,000 | $243,255 |
| <2.5% | 218 | $52,070,000 | $238,853 |
| 4-5% | 62 | $12,480,000 | $201,290 |
| 5-6% | 1 | $65,000 | $65,000 |
During 2020, Pacor Mortgage Corp's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 963 originations.
Loan Sizing
2020 saw Pacor Mortgage Corp place emphasis on $200k-400k loans with 1,036 originations, totaling $289,560,000 in origination value.
Applicant Income
Pacor Mortgage Corp lent most frequently to those with incomes in the $100k-150k range, with 612 originations. The second most popular income band? $75k-100k, with 423 originations.
Applicant Debt to Income Ratio
Pacor Mortgage Corp lent most frequently to those with DTI ratios of 20-30%, with 568 originations. The next most common DTI ratio? 30-36%, with 402 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination99.65%
Pacor Mortgage Corp has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,989 | $488,765,000 | $245,734 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,989 | $488,765,000 | $245,734 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Poser Investments, Inc. | Other type of mortgage | Struggling to pay mortgage | 1 | 100.0% |