Park Side Financial Mortgage Rates, Fees & InfoWhitefish, MT
Tax ID: 23-7155544
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPark Side Financial is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Park Side Financial has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top two markets are Kalispell and Missoula .
Park Side Financial has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Park Side Financial is typically a low 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||5.98%||9/25/23|
|30 Year Conventional Refi||5.67%||9/25/23|
|30 Year USDA Purchase||7.19%||9/25/23|
|15 Year Conventional Purchase||4.78%||9/25/23|
|15 Year Conventional Refi||4.98%||9/25/23|
|15 Year Cash-out Refi||4.98%||9/25/23|
|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.|
Park Side Financial Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Park Side Financial. 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.
Origination Dollar Volume (All Markets)$59,820,000
PARK SIDE FINANCIAL - 2022
PARK SIDE FINANCIAL is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Park Side Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.94%.
Relative Fees (Closing Costs)
Park Side Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,423.
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.
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|
|Kalispell, MT (FHA|USDA|VA)||133||$38,585,000||$290,113||$2,214||3.55%|
|MISSOULA, MT (FHA|USDA|VA)||50||$13,630,000||$272,600||$2,196||3.73%|
|Outside of Metro Areas||31||$7,605,000||$245,323||$2,331||3.91%|
We use machine learning to identify the top lenders compared against PARK SIDE FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Park Side Financial's most frequently originated type of loan was Conventional, with 213 originations. Their 2nd most popular type was USDA, with 1 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||67||$17,865,000||$266,642||$2,037||3.42%|
For 2022, Park Side Financial's most frequently cited loan purpose was Refi, with 103 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Park Side Financial's most frequently cited loan duration was 30 Year, with 104 originations. The 2nd most popular length was 20 Year, with 75 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Park Side Financial's average total fees were $2,423, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 212 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Park Side Financial's average interest rate for loans was 3.82%, while their most frequently originated rate bucket for loans was 3-4%, with 138 originations.
2022 saw Park Side Financial place emphasis on $200k-400k loans with 111 originations, totaling $31,165,000 in origination value.
Park Side Financial lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $100k-150k, with 45 originations.
Applicant Debt to Income Ratio
Park Side Financial lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 31 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Park Side Financial has a below average approval rate.
Pick RateApprovals leading to origination
Park Side Financial has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|