Pacwest Funding Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300KBCEYCLANGUM06

Tax ID: 91-1842269

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Pacwest Funding is a smaller mortgage company specializing in NA and Home Purchase loans. Pacwest Funding has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Roseburg, Albany, Salem, and Corvallis among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pacwest Funding 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.

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    Originations

    287

    Origination Dollar Volume (All Markets)

    $42,105,000

    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
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 119 $18,155,000 $152,563 $0 13.30%
    Roseburg, OR (FHA|USDA|VA) 63 $7,135,000 $113,254 $0 13.07%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 16 $2,920,000 $182,500 $0 12.37%
    SALEM, OR (FHA|USDA|VA) 17 $2,915,000 $171,471 $0 12.56%
    CORVALLIS, OR (FHA|USDA|VA) 10 $2,690,000 $269,000 $0 12.44%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $1,960,000 $245,000 $0 12.18%
    GRANTS PASS, OR (FHA|USDA|VA) 9 $1,275,000 $141,667 $0 12.82%
    BEND, OR (FHA|USDA|VA) 6 $1,260,000 $210,000 $0 13.66%
    MEDFORD, OR (FHA|USDA|VA) 17 $1,245,000 $73,235 $0 11.79%
    Newport, OR (FHA|USDA|VA) 7 $945,000 $135,000 $0 12.99%
    Coos Bay, OR (FHA|USDA|VA) 9 $695,000 $77,222 $0 13.66%
    Astoria, OR (FHA|USDA|VA) 2 $470,000 $235,000 $0 13.49%
    Outside of Metro Areas 2 $260,000 $130,000 $0 13.99%
    Klamath Falls, OR (FHA|USDA|VA) 2 $180,000 $90,000 $0 11.49%
    Pacwest Funding's top markets include Eugene, Roseburg, Albany, Salem, and Corvallis among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 287 $42,105,000 $146,707 $0 12.99%

    For 2018, Pacwest Funding's most frequently originated type of loan was Conventional, with 287 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    NA 159 $23,325,000 $146,698 $0 13.08%
    Home Purchase 83 $12,805,000 $154,277 $0 12.33%
    Cash Out Refi 42 $5,410,000 $128,810 $0 13.98%
    Refi 3 $565,000 $188,333 $0 12.66%

    For 2018, Pacwest Funding's most frequently cited loan purpose was NA, with 159 originations. The 2nd most popular reason was Home Purchase, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 287 $42,105,000 $146,707 $0 12.99%

    For 2018, Pacwest Funding's most frequently cited loan duration was Other, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 286 $41,830,000 $146,259

    During 2018, Pacwest Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 286 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $5,410,000 $47,456 $0 14.16%
    $100k-200k 109 $15,885,000 $145,734 $0 12.10%
    $200k-400k 50 $13,610,000 $272,200 $0 12.47%
    $400k-600k 13 $6,335,000 $487,308 $0 12.36%
    $600k-1MM 1 $865,000 $865,000 $0 11.99%

    2018 saw Pacwest Funding place emphasis on $100,000 or less loans with 114 originations, totaling $5,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 36 $4,860,000 $135,000 $0 12.77%
    $100k-150k 27 $6,135,000 $227,222 $0 12.48%
    $150k-250k 22 $2,750,000 $125,000 $0 12.65%
    $50k-75k 13 $1,815,000 $139,615 $0 12.76%
    $250k+ 8 $1,380,000 $172,500 $0 11.68%
    $50k or less 8 $830,000 $103,750 $0 12.62%

    Pacwest Funding lent most frequently to those with incomes in the $75k-100k range, with 36 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 26 $4,590,000 $176,538 $0 12.49%
    50-60% 21 $3,705,000 $176,429 $0 12.30%
    30-36% 13 $2,315,000 $178,077 $0 12.68%
    <20% 6 $570,000 $95,000 $0 12.49%
    38% 6 $500,000 $83,333 $0 11.83%
    40% 6 $890,000 $148,333 $0 12.82%
    44% 6 $960,000 $160,000 $0 13.49%
    41% 5 $615,000 $123,000 $0 12.84%
    20-30% 5 $605,000 $121,000 $0 11.79%
    46% 4 $420,000 $105,000 $0 14.62%
    42% 4 $320,000 $80,000 $0 12.87%
    39% 4 $460,000 $115,000 $0 12.62%
    45% 3 $775,000 $258,333 $0 12.41%
    37% 3 $225,000 $75,000 $0 11.83%
    49% 3 $655,000 $218,333 $0 11.99%
    47% 2 $430,000 $215,000 $0 12.49%
    43% 1 $25,000 $25,000 $0 15.99%
    36% 1 $205,000 $205,000 $0 11.99%

    Pacwest Funding lent most frequently to those with DTI ratios of >60%, with 26 originations. The next most common DTI ratio? 50-60%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 173 $24,785,000 $143,266 $0 13.26%
    White 91 $13,245,000 $145,549 $0 12.47%
    Not provided 19 $2,135,000 $112,368 $0 13.20%
    Native Hawaiian or Islander 2 $1,370,000 $685,000 $0 12.12%
    Asian 1 $315,000 $315,000 $0 11.99%
    Black 1 $255,000 $255,000 $0 11.99%

    Approval Rates

    Total approvals of all applications
    96.40%

    Pacwest Funding 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
    88.15%

    Pacwest Funding has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 287 $42,105,000 $146,707

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $470,000 $235,000
    Single Family (1-4 Units):Manufactured 23 $3,015,000 $131,087
    Single Family (1-4 Units):Site-Built 262 $38,620,000 $147,405

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,305,000 $56,220 $0 15.15%
    40-60% 10 $1,760,000 $176,000 $0 11.99%
    60-80% 35 $7,875,000 $225,000 $0 12.00%
    80-100% 55 $9,175,000 $166,818 $0 11.70%
    Over 100% 96 $18,960,000 $197,500 $0 12.30%
    Under 20% 47 $1,485,000 $31,596 $0 15.05%