Pacwest Funding Mortgage Rates, Fees & Info
Eugene, ORLEI: 549300KBCEYCLANGUM06
Tax ID: 91-1842269
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pacwest Funding is a smaller mortgage company specializing in Home Purchase loans. Pacwest Funding has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Salem, Eugene, Albany, and Roseburg among others. We have data for 17 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.
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Originations
117Origination Dollar Volume (All Markets)
$50,415,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 19 | $16,465,000 | $866,579 | $0 | 12.02% |
| SALEM, OR (FHA|USDA|VA) | 18 | $9,510,000 | $528,333 | $0 | 11.68% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 23 | $9,375,000 | $407,609 | $0 | 11.72% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 20 | $5,320,000 | $266,000 | $0 | 12.02% |
| Roseburg, OR (FHA|USDA|VA) | 11 | $2,525,000 | $229,545 | $0 | 12.63% |
| Newport, OR (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $0 | 11.99% |
| MEDFORD, OR (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $0 | 12.12% |
| CORVALLIS, OR (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 11.74% |
| Outside of Metro Areas | 3 | $735,000 | $245,000 | $0 | 11.99% |
| GRANTS PASS, OR (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 12.16% |
| MADISON, WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 11.99% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 11.99% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.99% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.49% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 11.99% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 13.49% |
| Astoria, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $50,415,000 | $430,897 | $0 | 11.93% |
For 2022, Pacwest Funding's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2022, Pacwest Funding's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2022, Pacwest Funding's most frequently cited loan duration was Other, with 64 originations. The 2nd most popular length was 1 Year, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 116 | $50,310,000 | $433,707 |
| 7-8% | 1 | $105,000 | $105,000 |
During 2022, Pacwest Funding's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 116 originations.
Loan Sizing
2022 saw Pacwest Funding place emphasis on $200k-400k loans with 57 originations, totaling $17,135,000 in origination value.
Applicant Income
Pacwest Funding lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
Pacwest Funding lent most frequently to those with DTI ratios of >60%, with 9 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.33%
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 origination77.78%
Pacwest Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 117 | $50,415,000 | $430,897 |