Pacific Home Loans Mortgage Rates, Fees & Info
KIHEI, HILEI: 549300LF0MZUT1N6QL28
Tax ID: 26-1284444
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Mortgage Data
Review & Overview
Pacific Home Loans is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Pacific Home Loans has a high proportion of conventional loans. Their top markets by origination volume include: Kahului, Hilo, Kapaa, Urban Honolulu, and Truckee among others. We have data for 9 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.20% | 11/21/24 |
| 30 Year Conventional Refi | 5.63% | 11/21/24 |
| 30 Year Cash-out Refi | 6.23% | 11/21/24 |
| 30 Year FHA Purchase | 6.03% | 11/21/24 |
| 15 Year Conventional Refi | 5.44% | 11/21/24 |
| 15 Year Cash-out Refi | 5.44% | 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. | ||
Pacific Home Loans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
212Origination Dollar Volume (All Markets)
$112,950,000Awards
PACIFIC HOME LOANS - 2021
PACIFIC HOME LOANS is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 142 | $78,860,000 | $555,352 | $6,025 | 2.91% |
| Hilo, HI (FHA|USDA|VA) | 37 | $17,255,000 | $466,351 | $5,192 | 3.02% |
| Kapaa, HI (FHA|USDA|VA) | 14 | $8,340,000 | $595,714 | $5,274 | 2.97% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 6 | $3,850,000 | $641,667 | $5,626 | 3.08% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 6 | $2,140,000 | $356,667 | $3,703 | 2.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $3,560 | 2.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,947 | 2.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,635 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,803 | 3.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 212 | $112,950,000 | $532,783 | $5,675 | 2.93% |
For 2021, Pacific Home Loans's most frequently originated type of loan was Conventional, with 212 originations.
Loan Reason
For 2021, Pacific Home Loans's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Refi, with 73 originations.
Loan Duration/Length
For 2021, Pacific Home Loans's most frequently cited loan duration was 30 Year, with 195 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Pacific Home Loans's average total fees were $5,704, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 170 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 123 | $64,405,000 | $523,618 |
| 3-4% | 63 | $34,105,000 | $541,349 |
| <2.5% | 26 | $14,440,000 | $555,385 |
During 2021, Pacific Home Loans's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 123 originations.
Loan Sizing
2021 saw Pacific Home Loans place emphasis on $600k-1MM loans with 85 originations, totaling $61,685,000 in origination value.
Applicant Income
Pacific Home Loans lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $150k-250k, with 52 originations.
Applicant Debt to Income Ratio
Pacific Home Loans lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.55%
Pacific Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.74%
Pacific Home Loans has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 212 | $112,950,000 | $532,783 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PACIFIC WESTERN BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |