Oaktree Funding Corp. Mortgage Rates, Fees & Info

UPLAND, CA

LEI: 549300KX4S1573HISS22

Tax ID: 95-4267987

1 stars - Updated: 9/25/23 - out of 5 stars, based on 30 reviews

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

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Mortgage Data

Review & Overview

Oaktree Funding Corp. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Oaktree Funding Corp. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Miami, Phoenix, Riverside, and San Francisco among others. We have data for 162 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oaktree Funding 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. Oaktree Funding Corp. is typically a high 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 8.69% 9/25/23
30 Year Conventional Refi 7.20% 9/25/23
30 Year Cash-out Refi 7.89% 9/25/23
30 Year FHA Purchase 7.21% 9/25/23
30 Year VA Purchase 7.07% 9/25/23
15 Year Conventional Purchase 6.18% 9/25/23
15 Year Conventional Refi 7.05% 9/25/23
15 Year Cash-out Refi 7.05% 9/25/23
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.

Oaktree Funding Corp. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Oaktree Funding 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

872

Origination Dollar Volume (All Markets)

$493,240,000

Relative Rate

Oaktree Funding Corp.'s average 30 year fixed mortgage rate was 6.5%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 1.74%.

Relative Fees (Closing Costs)

Oaktree Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $15,117.

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 $4,750.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 123 $119,635,000 $972,642 $20,431 5.48%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 56 $40,370,000 $720,893 $30,723 6.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 67 $32,355,000 $482,910 $11,988 5.91%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 33 $20,155,000 $610,758 $15,484 5.54%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 22 $18,970,000 $862,273 $9,974 5.60%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 31 $13,655,000 $440,484 $13,833 6.93%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $13,090,000 $545,417 $13,148 7.22%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $12,155,000 $810,333 $19,146 5.16%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 43 $11,765,000 $273,605 $11,480 6.18%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 21 $9,945,000 $473,571 $11,556 6.33%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $8,540,000 $711,667 $10,877 6.93%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 22 $7,780,000 $353,636 $15,434 6.81%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $7,660,000 $957,500 $19,940 7.20%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $6,675,000 $741,667 $20,914 5.58%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $5,720,000 $715,000 $18,661 4.87%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $5,380,000 $538,000 $18,520 5.73%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $5,200,000 $650,000 $17,387 6.09%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $4,930,000 $410,833 $16,687 4.76%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $4,900,000 $490,000 $17,888 6.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $4,710,000 $588,750 $20,305 6.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $4,435,000 $1,478,333 $40,054 5.46%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $4,300,000 $358,333 $10,759 6.07%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $3,935,000 $302,692 $12,506 7.25%
Outside of Metro Areas 9 $3,795,000 $421,667 $13,713 5.31%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $3,680,000 $613,333 $28,833 6.04%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $3,625,000 $725,000 $29,983 5.90%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $3,440,000 $430,000 $9,453 5.51%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $3,325,000 $665,000 $18,146 6.87%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $3,285,000 $1,095,000 $31,809 7.00%
BOISE CITY, ID (FHA|USDA|VA) 7 $3,275,000 $467,857 $8,755 5.05%
Outside of Metro Areas 6 $3,080,000 $513,333 $25,896 5.23%
Key West, FL (FHA|USDA|VA) 4 $2,990,000 $747,500 $15,957 7.34%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $2,920,000 $730,000 $23,068 6.53%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $2,745,000 $549,000 $9,956 6.03%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $2,720,000 $453,333 $20,674 6.39%
FLAGSTAFF, AZ (FHA|USDA|VA) 3 $2,575,000 $858,333 $23,984 7.42%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $2,470,000 $617,500 $16,778 3.69%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,455,000 $491,000 $16,931 6.25%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $2,375,000 $475,000 $13,504 6.65%
VALLEJO, CA (FHA|USDA|VA) 4 $2,370,000 $592,500 $7,723 5.18%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,300,000 $287,500 $12,770 7.09%
PANAMA CITY, FL (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $49,782 4.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $2,190,000 $547,500 $15,973 5.87%
Athens, TX (FHA|USDA|VA) 1 $2,155,000 $2,155,000 $34,602 4.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $2,080,000 $346,667 $12,260 6.10%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 6 $2,020,000 $336,667 $0 6.02%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,855,000 $371,000 $12,196 6.80%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,855,000 $371,000 $9,116 7.05%
Heber, UT (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $29,876 3.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $1,750,000 $875,000 $7,067 6.31%
ST. GEORGE, UT (FHA|USDA|VA) 2 $1,560,000 $780,000 $24,096 6.38%
Brenham, TX (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $30,314 4.25%
AKRON, OH (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $22,840 8.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $1,345,000 $192,143 $0 6.07%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $1,295,000 $431,667 $14,271 6.75%
TUCSON, AZ (FHA|USDA|VA) 5 $1,245,000 $249,000 $17,499 6.07%
FRESNO, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $10,816 5.62%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,135,000 $378,333 $15,777 6.38%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $36,326 10.75%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,100,000 $275,000 $9,095 8.25%
MODESTO, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $0 4.91%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,040,000 $520,000 $6,650 7.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $990,000 $495,000 $8,104 7.19%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $970,000 $485,000 $12,671 6.44%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $935,000 $311,667 $12,351 5.38%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $850,000 $425,000 $0 8.43%
Sandpoint, ID (FHA|USDA|VA) 2 $850,000 $425,000 $0 4.63%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $845,000 $281,667 $17,338 5.66%
GREELEY, CO (FHA|USDA|VA) 2 $800,000 $400,000 $21,979 4.56%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $785,000 $261,667 $0 4.50%
Jefferson, GA (FHA|USDA|VA) 2 $760,000 $380,000 $12,482 5.00%
MADERA, CA (FHA|USDA|VA) 1 $755,000 $755,000 $0 3.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $755,000 $251,667 $0 7.13%
READING, PA (FHA|USDA|VA) 2 $750,000 $375,000 $16,717 4.94%
OCALA, FL (FHA|USDA|VA) 4 $720,000 $180,000 $4,082 7.91%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $715,000 $238,333 $10,631 7.08%
KNOXVILLE, TN (FHA|USDA|VA) 4 $710,000 $177,500 $6,064 6.69%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $700,000 $350,000 $16,464 7.69%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $685,000 $228,333 $7,783 6.83%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $660,000 $330,000 $7,145 5.19%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $645,000 $215,000 $13,640 5.83%
Rockport, TX (FHA|USDA|VA) 1 $645,000 $645,000 $16,981 5.38%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $625,000 $625,000 $0 4.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $600,000 $300,000 $9,993 6.44%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $575,000 $575,000 $9,824 8.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $565,000 $188,333 $0 8.50%
SALINAS, CA (FHA|USDA|VA) 1 $565,000 $565,000 $0 4.99%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $545,000 $545,000 $24,029 5.50%
Moses Lake, WA (FHA|USDA|VA) 1 $535,000 $535,000 $0 4.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $520,000 $260,000 $11,351 6.25%
PROVO-OREM, UT (FHA|USDA|VA) 1 $485,000 $485,000 $3,600 6.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $475,000 $475,000 $17,745 8.75%
BELLINGHAM, WA (FHA|USDA|VA) 1 $465,000 $465,000 $8,485 8.38%
EL CENTRO, CA (FHA|USDA|VA) 2 $460,000 $230,000 $6,104 5.69%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $455,000 $455,000 $14,074 6.88%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $440,000 $220,000 $8,345 6.06%
AMARILLO, TX (FHA|USDA|VA) 1 $435,000 $435,000 $18,710 5.50%
PITTSBURGH, PA (FHA|USDA|VA) 2 $430,000 $215,000 $8,997 4.81%
DUBUQUE, IA (FHA|USDA|VA) 1 $425,000 $425,000 $15,684 9.50%
Cañon City, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 9.00%
BEND, OR (FHA|USDA|VA) 1 $395,000 $395,000 $11,947 8.25%
STOCKTON, CA (FHA|USDA|VA) 1 $395,000 $395,000 $0 7.38%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $395,000 $395,000 $0 7.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $390,000 $195,000 $0 7.94%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $370,000 $185,000 $0 5.93%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.50%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $355,000 $355,000 $14,914 5.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $26,369 4.75%
Shelton, WA (FHA|USDA|VA) 1 $345,000 $345,000 $5,956 6.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $345,000 $345,000 $19,280 8.13%
POCATELLO, ID (FHA|USDA|VA) 1 $335,000 $335,000 $10,384 7.38%
CASPER, WY (FHA|USDA|VA) 1 $335,000 $335,000 $0 9.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $335,000 $335,000 $14,288 4.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $325,000 $325,000 $13,304 10.50%
DALTON, GA (FHA|USDA|VA) 1 $325,000 $325,000 $5,571 6.38%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $325,000 $325,000 $13,397 7.38%
Traverse City, MI (FHA|USDA|VA) 1 $325,000 $325,000 $5,760 5.49%
RICHMOND, VA (FHA|USDA|VA) 1 $325,000 $325,000 $12,013 8.38%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $315,000 $315,000 $16,824 7.75%
RENO, NV (FHA|USDA|VA) 1 $315,000 $315,000 $10,491 3.62%
MERCED, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.13%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $10,508 11.88%
Laconia, NH (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.99%
ROME, GA (FHA|USDA|VA) 2 $270,000 $135,000 $0 7.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $21,821 6.13%
SAGINAW, MI (FHA|USDA|VA) 1 $265,000 $265,000 $10,313 5.38%
ODESSA, TX (FHA|USDA|VA) 1 $265,000 $265,000 $10,305 10.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $10,747 4.75%
WILMINGTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.88%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $7,759 8.50%
ROCKFORD, IL (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.50%
Sevierville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.13%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $235,000 $235,000 $11,962 7.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.13%
GOLDSBORO, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,853 6.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.50%
Klamath Falls, OR (FHA|USDA|VA) 1 $215,000 $215,000 $6,049 8.75%
GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $10,080 6.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 10.63%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.25%
Branson, MO (FHA|USDA|VA) 1 $185,000 $185,000 $8,273 7.13%
RACINE, WI (FHA|USDA|VA) 1 $185,000 $185,000 $5,968 8.75%
Owatonna, MN (FHA|USDA|VA) 1 $185,000 $185,000 $8,569 6.38%
LANCASTER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $11,296 7.75%
LAWRENCE, KS (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.13%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $175,000 $175,000 $11,238 4.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.63%
FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $7,528 7.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $155,000 $155,000 $12,589 5.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $10,049 5.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.63%
Oaktree Funding Corp.'s top markets include Los Angeles, Miami, Phoenix, Riverside, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 820 $477,190,000 $581,939 $16,349 6.21%
    FHA 39 $11,885,000 $304,744 $17,682 5.43%
    VA 13 $4,165,000 $320,385 $15,313 4.88%

    For 2022, Oaktree Funding Corp.'s most frequently originated type of loan was Conventional, with 820 originations. Their 2nd most popular type was FHA, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 402 $230,480,000 $573,333 $16,519 6.76%
    Cash Out Refi 386 $206,290,000 $534,430 $16,361 5.77%
    Refi 83 $55,665,000 $670,663 $16,027 5.08%
    Home Improvement 1 $805,000 $805,000 $20,358 3.63%

    For 2022, Oaktree Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Cash Out Refi, with 386 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 684 $332,690,000 $486,389 $15,117 6.50%
    30+ year 177 $157,545,000 $890,085 $24,672 4.93%
    15 Year 9 $2,395,000 $266,111 $10,744 4.99%
    Other 2 $610,000 $305,000 $6,771 4.25%

    For 2022, Oaktree Funding Corp.'s most frequently cited loan duration was 30 Year, with 684 originations. The 2nd most popular length was 30+ year, with 177 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 385 $251,165,000 $652,377
    $1k-2k 38 $33,900,000 $892,105
    $4k-5k 22 $7,810,000 $355,000
    $3k-4k 21 $8,345,000 $397,381
    $2k-3k 13 $4,545,000 $349,615
    $<1k 6 $1,980,000 $330,000

    Oaktree Funding Corp.'s average total fees were $15,117, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 385 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 175 $85,645,000 $489,400
    Over 8% 170 $84,180,000 $495,176
    4-5% 165 $109,845,000 $665,727
    3-4% 135 $85,955,000 $636,704
    7-8% 114 $63,250,000 $554,825
    6-7% 109 $62,285,000 $571,422
    2.5-3% 2 $470,000 $235,000
    <2.5% 2 $1,610,000 $805,000

    During 2022, Oaktree Funding Corp.'s average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 5-6%, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 333 $99,865,000 $299,895 $12,162 6.27%
    $400k-600k 165 $79,795,000 $483,606 $14,695 5.88%
    $600k-1MM 149 $114,965,000 $771,577 $17,947 5.98%
    $1MM+ 115 $181,085,000 $1,574,652 $30,576 5.82%
    $100k-200k 109 $17,435,000 $159,954 $8,016 6.83%
    $100,000 or less 1 $95,000 $95,000 $5,940 6.13%

    2022 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 333 originations, totaling $99,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 177 $189,185,000 $1,068,842 $22,085 6.70%
    $50k or less 161 $63,155,000 $392,267 $9,302 6.26%
    $150k-250k 108 $60,030,000 $555,833 $15,213 6.35%
    $100k-150k 96 $33,700,000 $351,042 $12,935 6.45%
    $75k-100k 50 $15,990,000 $319,800 $13,005 6.17%
    $50k-75k 43 $11,735,000 $272,907 $10,897 5.76%

    Oaktree Funding Corp. lent most frequently to those with incomes in the $250k+ range, with 177 originations. The second most popular income band? $50k or less, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $50,840,000 $687,027 $18,456 6.50%
    <20% 60 $40,950,000 $682,500 $17,062 6.48%
    30-36% 58 $40,410,000 $696,724 $14,499 6.34%
    49% 39 $29,335,000 $752,179 $14,924 6.61%
    50-60% 33 $13,615,000 $412,576 $17,470 5.59%
    46% 27 $14,705,000 $544,630 $16,762 6.80%
    47% 23 $13,715,000 $596,304 $15,649 6.74%
    45% 22 $16,460,000 $748,182 $16,057 6.03%
    44% 22 $14,260,000 $648,182 $14,917 6.39%
    >60% 21 $7,715,000 $367,381 $17,629 5.68%
    41% 18 $15,500,000 $861,111 $18,443 6.33%
    39% 15 $8,605,000 $573,667 $17,130 7.27%
    37% 15 $12,365,000 $824,333 $17,268 6.99%
    38% 12 $4,930,000 $410,833 $11,271 5.94%
    36% 11 $6,455,000 $586,818 $12,563 5.73%
    42% 11 $6,095,000 $554,091 $14,518 7.08%
    48% 10 $5,780,000 $578,000 $15,791 6.14%
    40% 10 $7,020,000 $702,000 $19,800 4.54%
    43% 9 $4,435,000 $492,778 $17,520 7.76%

    Oaktree Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? <20%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 488 $268,570,000 $550,348 $16,304 6.17%
    Not provided 214 $130,560,000 $610,093 $15,929 5.91%
    Asian 76 $50,540,000 $665,000 $19,929 6.22%
    Black 79 $35,125,000 $444,620 $16,178 6.73%
    American Indian 9 $3,635,000 $403,889 $9,580 6.55%
    Native Hawaiian or Islander 4 $2,640,000 $660,000 $16,764 5.59%
    Other Asian 1 $1,825,000 $1,825,000 $41,088 4.25%
    Vietnamese 1 $345,000 $345,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    93.34%

    Oaktree Funding Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -24.54%

    Oaktree Funding Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 872 $493,240,000 $565,642

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    872 $493,240,000 $565,642

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $10,390,000 $432,917 $12,172 5.78%
    40-60% 106 $56,810,000 $535,943 $13,525 5.78%
    60-80% 476 $273,760,000 $575,126 $17,454 6.10%
    80-100% 262 $150,850,000 $575,763 $16,607 6.43%
    Under 20% 4 $1,430,000 $357,500 $11,410 7.38%