Pacific Premier Bank Mortgage Rates, Fees & Info

Irvine, CA

LEI: 549300NTH6N72ZZNX948

Tax ID: 95-3811107

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

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 6.27% 6/9/24
30 Year Conventional Refi 6.27% 6/9/24
15 Year Conventional Refi 5.68% 6/9/24
15 Year Cash-out Refi 5.68% 6/9/24
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






Your Estimates

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

This is not an official calculator from Pacific Premier Bank. 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

51

Origination Dollar Volume (All Markets)

$156,805,000

Relative 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%
Pacific Premier Bank's top markets include Los Angeles, Fresno, Seattle, San Diego, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 47 $137,575,000 $2,927,128 $0 5.02%
    Other 3 $13,165,000 $4,388,333 $0 5.04%
    30 Year 1 $6,065,000 $6,065,000 $0 4.40%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 48 $153,300,000 $3,193,750 $0 4.91%
    Not provided 2 $2,280,000 $1,140,000 $0 7.83%
    White 1 $1,225,000 $1,225,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    98.18%

    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 origination
    94.12%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    51 $156,805,000 $3,074,608

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $8,170,000 $1,361,667 $0 6.08%
    40-60% 22 $63,150,000 $2,870,455 $0 5.09%
    60-80% 22 $82,230,000 $3,737,727 $0 4.57%
    Under 20% 1 $3,255,000 $3,255,000 $0 6.25%