Pacific Premier Bank Mortgage Rates, Fees & Info
Irvine, CALEI: 549300NTH6N72ZZNX948
Tax ID: 95-3811107
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Mortgage Data
Review & Overview
Pacific Premier Bank is a smaller bank specializing in Refi loans. Pacific Premier Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Fresno, Seattle, San Diego, and Riverside among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Pacific Premier Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. 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 | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
Pacific Premier Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
51Origination Dollar Volume (All Markets)
$156,805,000Relative Rate
Pacific Premier Bank's average 30 year fixed mortgage rate was
4.4%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -2.08%.
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) | 20 | $44,690,000 | $2,234,500 | $0 | 4.98% |
| FRESNO, CA (FHA|USDA|VA) | 9 | $37,285,000 | $4,142,778 | $0 | 5.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $37,155,000 | $7,431,000 | $0 | 6.29% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $16,380,000 | $2,730,000 | $0 | 4.91% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 4.25% |
| SALEM, OR (FHA|USDA|VA) | 2 | $3,160,000 | $1,580,000 | $0 | 5.03% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $3,085,000 | $3,085,000 | $0 | 4.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 4.60% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $2,785,000 | $2,785,000 | $0 | 4.70% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,825,000 | $1,825,000 | $0 | 3.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $1,395,000 | $1,395,000 | $0 | 4.81% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 4.60% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 4.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 3.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $156,805,000 | $3,074,608 | $0 | 5.01% |
For 2023, Pacific Premier Bank's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 48 | $145,430,000 | $3,029,792 | $0 | 5.02% |
| Home Purchase | 3 | $11,375,000 | $3,791,667 | $0 | 4.88% |
For 2023, Pacific Premier Bank's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
For 2023, Pacific Premier Bank's most frequently cited loan duration was 10 Year, with 47 originations. The 2nd most popular length was Other, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 32 | $102,950,000 | $3,217,188 |
| 6-7% | 7 | $36,075,000 | $5,153,571 |
| 3-4% | 6 | $10,140,000 | $1,690,000 |
| 5-6% | 3 | $3,905,000 | $1,301,667 |
| 7-8% | 3 | $3,735,000 | $1,245,000 |
During 2023, Pacific Premier Bank's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 32 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 48 | $155,020,000 | $3,229,583 | $0 | 4.94% |
| $400k-600k | 2 | $1,130,000 | $565,000 | $0 | 5.19% |
| $600k-1MM | 1 | $655,000 | $655,000 | $0 | 7.75% |
2023 saw Pacific Premier Bank place emphasis on $1MM+ loans with 48 originations, totaling $155,020,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.18%
Pacific Premier Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.12%
Pacific Premier Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 51 | $156,805,000 | $3,074,608 |