Pacific Home Loans Mortgage Rates, Fees & Info

KIHEI, HI

LEI: 549300LF0MZUT1N6QL28

Tax ID: 26-1284444

4.1 stars - Updated: 2/25/24 - out of 5 stars, based on 8 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Pacific Home Loans is a smaller mortgage company specializing in Home Purchase loans. Pacific Home Loans 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: Kahului, Hilo, Bakersfield, Kapaa, and Urban Honolulu among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pacific Home Loans 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. Pacific Home Loans is typically an average 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.

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 6.20% 2/25/24
30 Year Conventional Refi 5.63% 2/25/24
30 Year Cash-out Refi 6.23% 2/25/24
30 Year FHA Purchase 6.03% 2/25/24
15 Year Conventional Refi 5.44% 2/25/24
15 Year Cash-out Refi 5.44% 2/25/24
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.

Pacific Home Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Pacific Home Loans. 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

57

Origination Dollar Volume (All Markets)

$28,165,000

Awards

PACIFIC HOME LOANS 30 Year Conventional Loans silver PACIFIC HOME LOANS 30 Year Conventional Loans silver PACIFIC HOME LOANS 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Pacific Home Loans's average 30 year fixed mortgage rate was 4.48%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.28%.

Relative Fees (Closing Costs)

Pacific Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $8,295.

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 $4,750.

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
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 22 $12,740,000 $579,091 $8,420 4.09%
Hilo, HI (FHA|USDA|VA) 10 $4,910,000 $491,000 $8,336 5.03%
BAKERSFIELD, CA (FHA|USDA|VA) 15 $4,335,000 $289,000 $6,620 4.50%
Kapaa, HI (FHA|USDA|VA) 4 $2,930,000 $732,500 $13,913 4.78%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $1,220,000 $610,000 $6,688 3.94%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,160,000 $580,000 $4,529 4.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $585,000 $585,000 $7,651 4.49%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $285,000 $285,000 $14,410 5.88%
Pacific Home Loans's top markets include Kahului, Hilo, Bakersfield, Kapaa, and Urban Honolulu among others.

Their top states include:
  • Hawaii (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against PACIFIC HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Territorial Savings Bank
    Similarity Rank: 200
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 240
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 272
    American Savings Bank, FSB
    Similarity Rank: 676
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 696
    Central Pacific Bank
    Similarity Rank: 885
    First Hawaiian Bank
    Similarity Rank: 996
    Bank of Hawaii
    Similarity Rank: 1116
    HomeStreet Bank
    Similarity Rank: 4606
    Stifel Bank and Trust
    Similarity Rank: 5356

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $26,955,000 $508,585 $8,363 4.51%
    FHA 3 $985,000 $328,333 $5,627 3.63%
    VA 1 $225,000 $225,000 $7,920 3.75%

    For 2022, Pacific Home Loans's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $20,200,000 $505,000 $8,933 4.76%
    Cash Out Refi 10 $5,110,000 $511,000 $6,679 3.91%
    Refi 7 $2,855,000 $407,857 $6,277 3.43%

    For 2022, Pacific Home Loans's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 56 $27,890,000 $498,036 $8,295 4.48%
    15 Year 1 $275,000 $275,000 $3,504 2.50%

    For 2022, Pacific Home Loans's most frequently cited loan duration was 30 Year, with 56 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 18 $9,220,000 $512,222
    $5k+ 18 $9,750,000 $541,667
    $3k-4k 10 $5,630,000 $563,000
    $2k-3k 4 $1,480,000 $370,000
    $4k-5k 3 $875,000 $291,667

    Pacific Home Loans's average total fees were $8,295, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 20 $10,740,000 $537,000
    5-6% 20 $9,720,000 $486,000
    4-5% 11 $4,905,000 $445,909
    2.5-3% 4 $2,270,000 $567,500
    <2.5% 1 $275,000 $275,000
    6-7% 1 $255,000 $255,000

    During 2022, Pacific Home Loans's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $6,215,000 $295,952 $7,056 4.57%
    $600k-1MM 20 $14,760,000 $738,000 $10,980 4.34%
    $400k-600k 14 $6,870,000 $490,714 $6,589 4.35%
    $100k-200k 2 $320,000 $160,000 $4,014 4.94%

    2022 saw Pacific Home Loans place emphasis on $200k-400k loans with 21 originations, totaling $6,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $9,825,000 $517,105 $10,009 4.49%
    $50k-75k 13 $3,765,000 $289,615 $6,288 4.41%
    $150k-250k 9 $5,885,000 $653,889 $9,574 4.76%
    $250k+ 7 $5,285,000 $755,000 $7,912 4.28%
    $75k-100k 6 $2,310,000 $385,000 $6,669 4.56%

    Pacific Home Loans lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 15 $8,245,000 $549,667 $7,370 4.01%
    20-30% 6 $2,940,000 $490,000 $7,712 4.00%
    49% 4 $1,650,000 $412,500 $7,444 4.84%
    41% 4 $1,850,000 $462,500 $5,115 4.88%
    38% 4 $2,090,000 $522,500 $10,945 4.25%
    47% 3 $1,695,000 $565,000 $9,335 5.54%
    46% 3 $1,665,000 $555,000 $11,836 4.96%
    48% 3 $1,165,000 $388,333 $8,405 4.92%
    <20% 2 $930,000 $465,000 $5,192 5.63%
    36% 2 $720,000 $360,000 $6,583 3.62%
    37% 2 $580,000 $290,000 $7,047 5.68%
    39% 2 $950,000 $475,000 $6,461 4.43%
    40% 2 $1,260,000 $630,000 $8,252 3.81%
    42% 2 $1,310,000 $655,000 $17,687 4.31%
    45% 1 $285,000 $285,000 $14,410 5.88%
    43% 1 $535,000 $535,000 $6,562 2.88%
    50-60% 1 $295,000 $295,000 $5,071 3.63%

    Pacific Home Loans lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $19,085,000 $465,488 $8,198 4.49%
    Asian 7 $3,905,000 $557,857 $9,799 3.86%
    Not provided 5 $2,815,000 $563,000 $8,112 4.37%
    Black 2 $1,240,000 $620,000 $5,080 4.94%
    Native Hawaiian or Islander 2 $1,120,000 $560,000 $6,307 5.31%

    Approval Rates

    Total approvals of all applications
    93.24%

    Pacific Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.95%

    Pacific Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 57 $28,165,000 $494,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    57 $28,165,000 $494,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $1,810,000 $452,500 $6,607 3.90%
    40-60% 10 $5,140,000 $514,000 $8,440 4.36%
    60-80% 22 $9,730,000 $442,273 $8,277 4.73%
    80-100% 21 $11,485,000 $546,905 $8,339 4.30%