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 Home Purchase and Cash Out Refi loans. Oaktree Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, Phoenix, Seattle, and San Francisco among others. We have data for 44 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.69% | 11/21/24 |
| 30 Year Conventional Refi | 7.20% | 11/21/24 |
| 30 Year Cash-out Refi | 7.89% | 11/21/24 |
| 30 Year FHA Purchase | 7.21% | 11/21/24 |
| 30 Year VA Purchase | 7.07% | 11/21/24 |
| 15 Year Conventional Purchase | 6.18% | 11/21/24 |
| 15 Year Conventional Refi | 7.05% | 11/21/24 |
| 15 Year Cash-out Refi | 7.05% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
249Origination Dollar Volume (All Markets)
$104,555,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 47 | $25,255,000 | $537,340 | $13,868 | 5.84% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 38 | $12,410,000 | $326,579 | $8,773 | 5.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 23 | $7,075,000 | $307,609 | $8,699 | 5.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $7,000,000 | $1,166,667 | $27,921 | 6.35% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $5,855,000 | $836,429 | $21,017 | 5.70% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $5,455,000 | $779,286 | $17,617 | 6.39% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $4,975,000 | $452,273 | $9,544 | 5.72% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $4,945,000 | $706,429 | $13,288 | 6.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $4,715,000 | $673,571 | $13,955 | 6.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $7,716 | 6.87% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $0 | 6.50% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $12,476 | 6.15% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $1,750,000 | $175,000 | $7,511 | 6.65% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $7,813 | 5.56% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $9,187 | 5.55% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $10,275 | 6.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $7,450 | 6.32% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $10,155 | 5.50% |
| MADERA, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $10,335 | 7.34% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,466 | 5.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,503 | 6.71% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,898 | 5.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $8,400 | 6.50% |
| Outside of Metro Areas | 3 | $755,000 | $251,667 | $7,307 | 6.92% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $11,373 | 5.99% |
| NAPA, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $16,978 | 6.13% |
| Astoria, OR (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,540 | 4.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $20,783 | 6.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,475 | 5.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $17,843 | 4.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,088 | 5.87% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,763 | 6.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,776 | 5.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,169 | 8.49% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,638 | 6.19% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,258 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,962 | 5.75% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $7,774 | 5.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,932 | 5.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,243 | 6.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,725 | 5.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,739 | 6.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,040 | 5.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,557 | 4.63% |
Similar Lenders
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
For 2018, Oaktree Funding Corp.'s most frequently originated type of loan was Conventional, with 202 originations. Their 2nd most popular type was FHA, with 44 originations.
Loan Reason
For 2018, Oaktree Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 142 originations. The 2nd most popular reason was Cash Out Refi, with 77 originations.
Loan Duration/Length
For 2018, Oaktree Funding Corp.'s most frequently cited loan duration was 30 Year, with 236 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Oaktree Funding Corp.'s average total fees were $10,724, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 104 originations.
Interest Rates
During 2018, Oaktree Funding Corp.'s average interest rate for loans was 5.97%, while their most frequently originated rate bucket for loans was 6-7%, with 75 originations.
Loan Sizing
2018 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 104 originations, totaling $29,300,000 in origination value.
Applicant Income
Oaktree Funding Corp. lent most frequently to those with incomes in the $75k-100k range, with 44 originations. The second most popular income band? $250k+, with 40 originations.
Applicant Debt to Income Ratio
Oaktree Funding Corp. lent most frequently to those with DTI ratios of >60%, with 58 originations. The next most common DTI ratio? 20-30%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.10%
Oaktree Funding Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination4.82%
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 | 249 | $104,555,000 | $419,900 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $1,445,000 | $160,556 |
| Single Family (1-4 Units):Site-Built | 240 | $103,110,000 | $429,625 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OAKTREE FUNDING CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |