Oaktree Funding Corp. Mortgage Rates, Fees & Info

UPLAND, CA

LEI: 549300KX4S1573HISS22

Tax ID: 95-4267987

1 stars - Updated: 4/18/24 - out of 5 stars, based on 26 reviews

Latest/2023 | 2022 Data | 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 Cash Out Refi and Home Purchase 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 Seattle among others. We have data for 166 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oaktree Funding Corp. has an 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% 4/18/24
30 Year Conventional Refi 7.20% 4/18/24
30 Year Cash-out Refi 7.89% 4/18/24
30 Year FHA Purchase 7.21% 4/18/24
30 Year VA Purchase 7.07% 4/18/24
15 Year Conventional Purchase 6.18% 4/18/24
15 Year Conventional Refi 7.05% 4/18/24
15 Year Cash-out Refi 7.05% 4/18/24
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.

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

689

Origination Dollar Volume (All Markets)

$317,505,000

Awards

OAKTREE FUNDING CORP. FHA Loans gold
Show all (1) awards

Relative Rate

Oaktree Funding Corp.'s average 30 year fixed mortgage rate was 8.95%.

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

This yields a difference of 2.47%.

Relative Fees (Closing Costs)

Oaktree Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $15,607.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 69 $48,955,000 $709,493 $15,722 9.54%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 40 $20,940,000 $523,500 $21,422 8.87%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 39 $19,015,000 $487,564 $15,218 9.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 25 $14,745,000 $589,800 $20,760 8.50%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 15 $10,865,000 $724,333 $19,322 9.31%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 17 $10,065,000 $592,059 $20,102 9.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $9,055,000 $603,667 $14,940 8.89%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 26 $8,230,000 $316,538 $15,976 8.27%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $8,175,000 $743,182 $22,428 8.48%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 17 $7,465,000 $439,118 $13,475 9.00%
Outside of Metro Areas 21 $7,215,000 $343,571 $13,724 8.64%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $6,135,000 $471,923 $16,182 9.15%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $6,085,000 $553,182 $23,045 8.89%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $5,820,000 $415,714 $11,980 8.96%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $5,540,000 $923,333 $13,197 8.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $5,275,000 $753,571 $18,331 8.77%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $4,830,000 $402,500 $11,901 9.44%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $4,200,000 $420,000 $12,408 8.89%
BOISE CITY, ID (FHA|USDA|VA) 5 $3,785,000 $757,000 $23,846 9.63%
BRUNSWICK, GA (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $179,850 9.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $3,485,000 $497,857 $16,948 7.53%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $3,380,000 $563,333 $14,775 8.96%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $3,285,000 $657,000 $9,447 9.02%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $2,945,000 $267,727 $9,996 9.20%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $2,870,000 $478,333 $13,278 8.89%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 9 $2,865,000 $318,333 $14,041 8.37%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $2,635,000 $878,333 $57,655 8.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 10 $2,610,000 $261,000 $7,933 9.47%
Edwards, CO (FHA|USDA|VA) 3 $2,515,000 $838,333 $21,575 8.83%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,490,000 $311,250 $14,975 8.56%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,340,000 $292,500 $12,028 9.81%
Vineyard Haven, MA (FHA|USDA|VA) 3 $2,305,000 $768,333 $26,362 9.58%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $2,240,000 $560,000 $17,227 9.41%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $2,190,000 $547,500 $21,466 8.53%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 9 $1,805,000 $200,556 $17,427 8.89%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $1,660,000 $415,000 $15,385 9.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,520,000 $253,333 $5,720 9.33%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 9.88%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 8.88%
Heber, UT (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $23,021 7.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,315,000 $438,333 $0 8.21%
Astoria, OR (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $41,351 8.50%
KOKOMO, IN (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 8.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $1,095,000 $219,000 $5,343 8.85%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 6 $1,090,000 $181,667 $0 8.13%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,000,000 $250,000 $9,473 8.81%
Key West, FL (FHA|USDA|VA) 2 $990,000 $495,000 $0 10.31%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $990,000 $247,500 $8,944 9.19%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $975,000 $325,000 $11,041 8.38%
LAWRENCE, KS (FHA|USDA|VA) 5 $975,000 $195,000 $0 8.43%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $965,000 $965,000 $0 7.00%
VALLEJO, CA (FHA|USDA|VA) 2 $960,000 $480,000 $14,050 8.75%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $940,000 $470,000 $0 8.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $925,000 $308,333 $12,968 9.54%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $915,000 $305,000 $11,870 8.38%
SALINAS, CA (FHA|USDA|VA) 2 $910,000 $455,000 $4,807 8.50%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $875,000 $291,667 $24,737 7.92%
BEND, OR (FHA|USDA|VA) 2 $870,000 $435,000 $15,348 7.56%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $865,000 $288,333 $12,990 9.58%
GAINESVILLE, GA (FHA|USDA|VA) 1 $855,000 $855,000 $6,142 7.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $850,000 $425,000 $11,844 7.94%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $835,000 $278,333 $13,701 9.42%
FRESNO, CA (FHA|USDA|VA) 2 $820,000 $410,000 $18,864 8.19%
YUBA CITY, CA (FHA|USDA|VA) 1 $815,000 $815,000 $26,424 9.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $790,000 $395,000 $19,492 8.56%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $770,000 $385,000 $6,684 8.56%
Hilo, HI (FHA|USDA|VA) 1 $735,000 $735,000 $0 7.88%
MIDLAND, TX (FHA|USDA|VA) 1 $725,000 $725,000 $27,389 5.88%
WACO, TX (FHA|USDA|VA) 1 $705,000 $705,000 $19,402 8.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $700,000 $175,000 $3,571 7.37%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $650,000 $325,000 $11,360 10.81%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $640,000 $320,000 $11,403 8.94%
Torrington, CT (FHA|USDA|VA) 3 $635,000 $211,667 $8,606 8.54%
GREELEY, CO (FHA|USDA|VA) 1 $635,000 $635,000 $21,373 7.63%
READING, PA (FHA|USDA|VA) 2 $630,000 $315,000 $20,208 10.25%
MERCED, CA (FHA|USDA|VA) 1 $625,000 $625,000 $27,082 8.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $620,000 $310,000 $6,900 7.13%
LONGVIEW, WA (FHA|USDA|VA) 2 $620,000 $310,000 $13,565 8.94%
Outside of Metro Areas 2 $610,000 $305,000 $10,948 8.81%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $600,000 $300,000 $12,959 8.56%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $595,000 $595,000 $23,655 9.00%
COLUMBUS, OH (FHA|USDA|VA) 2 $590,000 $295,000 $0 9.81%
LANCASTER, PA (FHA|USDA|VA) 2 $570,000 $285,000 $11,073 8.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $560,000 $280,000 $7,900 12.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $555,000 $555,000 $7,571 8.13%
RICHMOND, VA (FHA|USDA|VA) 2 $550,000 $275,000 $12,706 8.94%
LUBBOCK, TX (FHA|USDA|VA) 4 $540,000 $135,000 $11,403 8.94%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $510,000 $255,000 $10,885 10.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $485,000 $485,000 $16,884 9.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $485,000 $485,000 $11,915 8.88%
OCALA, FL (FHA|USDA|VA) 1 $475,000 $475,000 $17,750 7.50%
Sevierville, TN (FHA|USDA|VA) 1 $475,000 $475,000 $0 7.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $475,000 $158,333 $0 8.71%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $470,000 $235,000 $7,898 8.56%
KNOXVILLE, TN (FHA|USDA|VA) 2 $460,000 $230,000 $0 7.94%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $455,000 $455,000 $21,618 9.88%
HAMMOND, LA (FHA|USDA|VA) 1 $455,000 $455,000 $23,482 5.38%
Kalispell, MT (FHA|USDA|VA) 1 $455,000 $455,000 $0 9.13%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $435,000 $435,000 $7,644 9.88%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $420,000 $210,000 $0 8.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $415,000 $415,000 $13,721 8.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $410,000 $205,000 $0 7.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $390,000 $195,000 $0 9.63%
STOCKTON, CA (FHA|USDA|VA) 2 $390,000 $195,000 $4,639 9.69%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $385,000 $385,000 $14,557 8.38%
Klamath Falls, OR (FHA|USDA|VA) 1 $385,000 $385,000 $8,364 9.38%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $380,000 $190,000 $9,074 8.81%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $375,000 $375,000 $16,171 11.75%
LYNCHBURG, VA (FHA|USDA|VA) 2 $370,000 $185,000 $8,538 8.56%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $370,000 $185,000 $9,665 9.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $370,000 $185,000 $0 8.38%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $370,000 $185,000 $0 8.19%
Lake City, FL (FHA|USDA|VA) 2 $360,000 $180,000 $8,999 8.75%
LOUISVILLE, KY (FHA|USDA|VA) 2 $360,000 $180,000 $0 8.56%
Alexander City, AL (FHA|USDA|VA) 1 $355,000 $355,000 $13,129 11.63%
MODESTO, CA (FHA|USDA|VA) 2 $350,000 $175,000 $3,828 9.50%
Centralia, WA (FHA|USDA|VA) 1 $345,000 $345,000 $17,729 5.63%
Jennings, LA (FHA|USDA|VA) 1 $315,000 $315,000 $13,634 9.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $315,000 $315,000 $13,461 10.88%
TUCSON, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $0 7.88%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $13,494 8.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $295,000 $295,000 $13,204 8.38%
Pahrump, NV (FHA|USDA|VA) 1 $285,000 $285,000 $11,471 10.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.63%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $275,000 $275,000 $13,640 10.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $265,000 $265,000 $12,444 9.25%
Concord, NH (FHA|USDA|VA) 1 $255,000 $255,000 $5,605 7.38%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.00%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.63%
Roseburg, OR (FHA|USDA|VA) 1 $235,000 $235,000 $12,205 12.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $21,012 5.63%
Burlington, IA-IL (FHA|USDA|VA) 2 $230,000 $115,000 $0 7.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 10.00%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $215,000 $215,000 $17,485 5.88%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $215,000 $215,000 $10,583 10.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.99%
Steamboat Springs, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $205,000 $205,000 $9,385 11.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.13%
PROVO-OREM, UT (FHA|USDA|VA) 1 $195,000 $195,000 $7,024 10.88%
Athens, TX (FHA|USDA|VA) 1 $195,000 $195,000 $10,214 8.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $16,941 7.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $8,577 8.75%
Coos Bay, OR (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.88%
Waycross, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.25%
YUMA, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.63%
Searcy, AR (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.88%
Oak Harbor, WA (FHA|USDA|VA) 1 $175,000 $175,000 $9,499 7.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.63%
Stillwater, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.88%
Whitewater, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.50%
Georgetown, SC (FHA|USDA|VA) 1 $155,000 $155,000 $7,845 7.38%
Lebanon, NH-VT (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.88%
JONESBORO, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.50%
FORT WAYNE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.25%
Big Stone Gap, VA (FHA|USDA|VA) 1 $105,000 $105,000 $4,301 12.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $8,048 7.25%
DALTON, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,338 11.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $4,961 11.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,990 10.50%
Cedar City, UT (FHA|USDA|VA) 1 $75,000 $75,000 $4,272 12.88%
Oaktree Funding Corp.'s top markets include Los Angeles, Miami, Phoenix, Riverside, and Seattle 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 671 $311,655,000 $464,463 $15,986 9.03%
    FHA 15 $4,535,000 $302,333 $17,967 5.92%
    VA 3 $1,315,000 $438,333 $12,022 5.54%

    For 2023, Oaktree Funding Corp.'s most frequently originated type of loan was Conventional, with 671 originations. Their 2nd most popular type was FHA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 340 $134,490,000 $395,559 $12,953 9.24%
    Home Purchase 308 $162,680,000 $528,182 $19,560 8.68%
    Refi 40 $20,080,000 $502,000 $17,628 8.52%
    Home Improvement 1 $255,000 $255,000 $0 8.88%

    For 2023, Oaktree Funding Corp.'s most frequently cited loan purpose was Cash Out Refi, with 340 originations. The 2nd most popular reason was Home Purchase, with 308 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 669 $299,115,000 $447,108 $15,607 8.95%
    30+ year 11 $14,575,000 $1,325,000 $44,834 8.39%
    15 Year 5 $2,985,000 $597,000 $15,757 8.55%
    20 Year 2 $320,000 $160,000 $5,775 12.25%
    10 Year 1 $205,000 $205,000 $9,109 10.38%
    Other 1 $305,000 $305,000 $13,202 5.75%

    For 2023, Oaktree Funding Corp.'s most frequently cited loan duration was 30 Year, with 669 originations. The 2nd most popular length was 30+ year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 326 $193,810,000 $594,509
    $4k-5k 30 $7,180,000 $239,333
    $3k-4k 28 $8,540,000 $305,000
    $2k-3k 21 $3,115,000 $148,333
    $1k-2k 10 $6,320,000 $632,000
    $<1k 4 $480,000 $120,000

    Oaktree Funding Corp.'s average total fees were $15,607, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 326 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 493 $211,025,000 $428,043
    7-8% 156 $88,320,000 $566,154
    5-6% 23 $9,575,000 $416,304
    6-7% 17 $8,585,000 $505,000

    During 2023, Oaktree Funding Corp.'s average interest rate for loans was 8.95%, while their most frequently originated rate bucket for loans was Over 8%, with 493 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 270 $77,910,000 $288,556 $11,806 8.95%
    $100k-200k 153 $23,755,000 $155,261 $7,317 9.11%
    $400k-600k 101 $48,235,000 $477,574 $16,471 8.71%
    $600k-1MM 80 $61,540,000 $769,250 $22,850 8.53%
    $1MM+ 65 $104,415,000 $1,606,385 $36,102 8.55%
    $100,000 or less 20 $1,650,000 $82,500 $5,097 11.81%

    2023 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 270 originations, totaling $77,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 180 $145,360,000 $807,556 $21,606 9.45%
    $50k or less 130 $44,390,000 $341,462 $10,806 8.61%
    $150k-250k 102 $36,970,000 $362,451 $12,739 9.29%
    $100k-150k 75 $22,065,000 $294,200 $11,229 9.14%
    $75k-100k 34 $8,660,000 $254,706 $11,709 8.43%
    $50k-75k 20 $4,810,000 $240,500 $10,138 7.91%

    Oaktree Funding Corp. lent most frequently to those with incomes in the $250k+ range, with 180 originations. The second most popular income band? $50k or less, with 130 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 66 $31,900,000 $483,333 $14,582 9.10%
    49% 52 $26,630,000 $512,115 $14,823 9.32%
    30-36% 43 $22,775,000 $529,651 $15,752 9.10%
    <20% 35 $17,755,000 $507,286 $17,874 9.14%
    48% 31 $20,155,000 $650,161 $16,034 9.21%
    50-60% 20 $9,680,000 $484,000 $17,712 7.39%
    38% 18 $15,310,000 $850,556 $20,135 8.89%
    47% 18 $8,730,000 $485,000 $14,008 10.04%
    40% 18 $8,490,000 $471,667 $13,941 9.15%
    42% 16 $4,830,000 $301,875 $9,905 9.74%
    39% 16 $7,210,000 $450,625 $12,610 9.09%
    45% 15 $7,505,000 $500,333 $16,296 9.62%
    44% 14 $7,600,000 $542,857 $16,790 8.54%
    46% 13 $7,275,000 $559,615 $24,880 9.69%
    41% 12 $5,600,000 $466,667 $16,515 10.84%
    43% 11 $7,495,000 $681,364 $19,778 8.78%
    36% 10 $3,900,000 $390,000 $13,881 9.24%
    37% 9 $5,885,000 $653,889 $24,034 9.15%
    >60% 3 $875,000 $291,667 $15,195 5.54%

    Oaktree Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 49%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 400 $182,420,000 $456,050 $16,117 8.94%
    Not provided 180 $84,670,000 $470,389 $15,923 8.94%
    Asian 46 $25,860,000 $562,174 $18,446 8.97%
    Black 55 $20,715,000 $376,636 $13,840 8.96%
    American Indian 6 $3,330,000 $555,000 $21,168 9.19%
    Native Hawaiian or Islander 2 $510,000 $255,000 $8,407 9.19%

    Approval Rates

    Total approvals of all applications
    89.02%

    Oaktree Funding Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -23.08%

    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 689 $317,505,000 $460,820

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    689 $317,505,000 $460,820

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $16,985,000 $308,818 $10,459 9.75%
    40-60% 85 $41,465,000 $487,824 $15,995 8.10%
    60-80% 376 $183,740,000 $488,670 $18,303 8.60%
    80-100% 102 $61,610,000 $604,020 $20,823 8.81%
    Under 20% 71 $13,705,000 $193,028 $7,524 11.39%