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 Refi, 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, Phoenix, and Detroit among others. We have data for 106 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 about average 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% | 11/17/24 |
| 30 Year Conventional Refi | 7.20% | 11/17/24 |
| 30 Year Cash-out Refi | 7.89% | 11/17/24 |
| 30 Year FHA Purchase | 7.21% | 11/17/24 |
| 30 Year VA Purchase | 7.07% | 11/17/24 |
| 15 Year Conventional Purchase | 6.18% | 11/17/24 |
| 15 Year Conventional Refi | 7.05% | 11/17/24 |
| 15 Year Cash-out Refi | 7.05% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,132Origination Dollar Volume (All Markets)
$531,520,000Awards
OAKTREE FUNDING CORP. - 2020
OAKTREE FUNDING CORP. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 198 | $140,780,000 | $711,010 | $11,079 | 3.81% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 46 | $33,970,000 | $738,478 | $9,324 | 3.72% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 89 | $31,165,000 | $350,169 | $7,361 | 3.34% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 89 | $29,965,000 | $336,685 | $5,117 | 3.56% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 87 | $25,435,000 | $292,356 | $2,418 | 2.76% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 51 | $22,625,000 | $443,627 | $12,883 | 3.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 36 | $22,200,000 | $616,667 | $11,988 | 3.82% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 39 | $16,655,000 | $427,051 | $4,055 | 3.22% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 17 | $14,355,000 | $844,412 | $13,688 | 3.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 21 | $10,035,000 | $477,857 | $8,824 | 3.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 16 | $9,700,000 | $606,250 | $11,520 | 3.45% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $8,930,000 | $637,857 | $16,927 | 4.44% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $8,570,000 | $389,545 | $8,174 | 3.45% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 17 | $7,875,000 | $463,235 | $9,175 | 3.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $7,160,000 | $511,429 | $12,285 | 4.61% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 14 | $7,030,000 | $502,143 | $5,103 | 3.02% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 16 | $6,130,000 | $383,125 | $7,434 | 3.84% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 14 | $5,750,000 | $410,714 | $8,262 | 3.64% |
| FRESNO, CA (FHA|USDA|VA) | 25 | $5,635,000 | $225,400 | $5,444 | 3.07% |
| PROVO-OREM, UT (FHA|USDA|VA) | 8 | $5,110,000 | $638,750 | $9,587 | 3.58% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $5,100,000 | $510,000 | $8,020 | 3.43% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $4,945,000 | $380,385 | $7,331 | 3.36% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $4,760,000 | $793,333 | $25,047 | 3.98% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 12 | $4,740,000 | $395,000 | $7,899 | 5.11% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $4,690,000 | $390,833 | $10,238 | 4.57% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $4,520,000 | $376,667 | $6,996 | 3.51% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $4,500,000 | $321,429 | $8,394 | 4.36% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $4,365,000 | $335,769 | $9,960 | 3.94% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 11 | $4,295,000 | $390,455 | $6,340 | 2.83% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $3,735,000 | $747,000 | $14,823 | 3.65% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $3,200,000 | $400,000 | $3,814 | 2.97% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 13 | $3,095,000 | $238,077 | $7,955 | 3.77% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $3,085,000 | $342,778 | $9,886 | 4.41% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $3,010,000 | $1,505,000 | $9,473 | 5.81% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $2,825,000 | $941,667 | $13,852 | 3.88% |
| MADERA, CA (FHA|USDA|VA) | 6 | $2,640,000 | $440,000 | $7,954 | 4.54% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $7,872 | 3.19% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $2,555,000 | $365,000 | $4,891 | 3.18% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,885,000 | $628,333 | $8,454 | 4.50% |
| Outside of Metro Areas | 7 | $1,805,000 | $257,857 | $4,063 | 3.39% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 7 | $1,725,000 | $246,429 | $5,383 | 3.41% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $5,186 | 3.49% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,700,000 | $850,000 | $21,996 | 4.88% |
| WENATCHEE, WA (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $12,387 | 3.50% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $5,116 | 2.88% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $13,901 | 4.33% |
| Heber, UT (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $5,504 | 3.88% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $5,575 | 3.33% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $6,123 | 2.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $10,350 | 3.50% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $8,105 | 2.94% |
| RENO, NV (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $11,031 | 5.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $1,259 | 3.08% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $6,863 | 4.31% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $8,498 | 5.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $11,057 | 6.93% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $1,545 | 2.42% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $20,234 | 3.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,731 | 3.21% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,318 | 3.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $11,913 | 5.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,861 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $5,537 | 4.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $16,358 | 3.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,548 | 3.17% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,663 | 5.06% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,912 | 3.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,347 | 2.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,627 | 3.06% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,009 | 4.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,569 | 5.33% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,921 | 2.50% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,531 | 3.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 6.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,408 | 6.43% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,026 | 2.99% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,198 | 5.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,648 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,257 | 5.50% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,303 | 3.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,776 | 2.99% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,995 | 3.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,764 | 3.13% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,895 | 2.63% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,450 | 2.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,017 | 2.75% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,508 | 2.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,457 | 3.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $16,245 | 5.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,539 | 2.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,188 | 5.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,259 | 2.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,525 | 3.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,718 | 2.88% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,895 | 2.50% |
| REDDING, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,334 | 2.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,295 | 3.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.38% |
| NILES, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,876 | 4.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $977 | 2.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,253 | 7.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,320 | 4.75% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,757 | 4.38% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,906 | 3.63% |
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Product Mix
For 2020, Oaktree Funding Corp.'s most frequently originated type of loan was Conventional, with 1,033 originations. Their 2nd most popular type was FHA, with 78 originations.
Loan Reason
For 2020, Oaktree Funding Corp.'s most frequently cited loan purpose was Refi, with 496 originations. The 2nd most popular reason was Home Purchase, with 335 originations.
Loan Duration/Length
For 2020, Oaktree Funding Corp.'s most frequently cited loan duration was 30 Year, with 1,007 originations. The 2nd most popular length was 15 Year, with 98 originations.
Origination Fees/Closing Costs
Oaktree Funding Corp.'s average total fees were $8,646, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 357 originations.
Interest Rates
During 2020, Oaktree Funding Corp.'s average interest rate for loans was 3.70%, while their most frequently originated rate bucket for loans was 2.5-3%, with 422 originations.
Loan Sizing
2020 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 548 originations, totaling $161,770,000 in origination value.
Applicant Income
Oaktree Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 280 originations. The second most popular income band? $150k-250k, with 250 originations.
Applicant Debt to Income Ratio
Oaktree Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 249 originations. The next most common DTI ratio? 30-36%, with 194 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.37%
Oaktree Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination14.31%
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 | 1,132 | $531,520,000 | $469,541 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $225,000 | $225,000 |
| Single Family (1-4 Units):Site-Built | 1,131 | $531,295,000 | $469,757 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OAKTREE FUNDING CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |