Oaktree Funding Corp. Mortgage Rates, Fees & Info
UPLAND, CALEI: 549300KX4S1573HISS22
Tax ID: 95-4267987
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.69% | 10/29/24 |
| 30 Year Conventional Refi | 7.20% | 10/29/24 |
| 30 Year Cash-out Refi | 7.89% | 10/29/24 |
| 30 Year FHA Purchase | 7.21% | 10/29/24 |
| 30 Year VA Purchase | 7.07% | 10/29/24 |
| 15 Year Conventional Purchase | 6.18% | 10/29/24 |
| 15 Year Conventional Refi | 7.05% | 10/29/24 |
| 15 Year Cash-out Refi | 7.05% | 10/29/24 |
| 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
689Origination Dollar Volume (All Markets)
$317,505,000Awards
OAKTREE FUNDING CORP. - 2023
OAKTREE FUNDING CORP. is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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We use machine learning to identify the top lenders compared against OAKTREE FUNDING 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
| 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
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
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
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
2023 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 270 originations, totaling $77,910,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.02%
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 |