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 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.
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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
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This is not an official calculator from Oaktree Funding Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
872Origination Dollar Volume (All Markets)
$493,240,000Top 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) | 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% |
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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 | 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
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
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
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
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
2022 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 333 originations, totaling $99,865,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.34%
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 |