Park Side Financial Mortgage Rates, Fees & Info

Whitefish, MT

LEI: 549300QFE7UAEZ8Q4U55

Tax ID: 23-7155544

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Park 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 markets by origination volume include: Kalispell, Missoula, Tampa, and Lewiston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Park Side Financial 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. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.98% 4/28/24
    30 Year Conventional Refi 5.67% 4/28/24
    30 Year USDA Purchase 7.19% 4/28/24
    15 Year Conventional Purchase 4.78% 4/28/24
    15 Year Conventional Refi 4.98% 4/28/24
    15 Year Cash-out Refi 4.98% 4/28/24
    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.

    Park Side Financial Mortgage Calculator






    Your Estimates

    Estimated 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.


    Originations

    170

    Origination Dollar Volume (All Markets)

    $34,070,000
    Show all (7) awards

    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
    Kalispell, MT (FHA|USDA|VA) 115 $23,525,000 $204,565 $2,208 3.85%
    Outside of Metro Areas 27 $5,375,000 $199,074 $2,364 3.85%
    MISSOULA, MT (FHA|USDA|VA) 26 $4,640,000 $178,462 $1,983 3.82%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,793 3.88%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $205,000 $205,000 $4,689 4.00%
    Park Side Financial's top markets include Kalispell, Missoula, Tampa, and Lewiston among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

    • Similar Lenders

    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.

    PARK SIDE FINANCIAL
    Similarity Rank: 35
    CLEARWATER Federal Credit Union
    Similarity Rank: 40
    Stockman Bank of Montana
    Similarity Rank: 663
    Opportunity Bank of Montana
    Similarity Rank: 2210
    KELLER MORTGAGE, LLC
    Similarity Rank: 3206
    First Interstate Bank
    Similarity Rank: 3672
    Glacier Bank
    Similarity Rank: 4028
    ENVOY MORTGAGE, LTD
    Similarity Rank: 7546
    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 8086
    MANN FINANCIAL INC.
    Similarity Rank: 12320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $32,900,000 $200,610 $2,149 3.84%
    VA 5 $985,000 $197,000 $5,535 4.25%
    USDA 1 $185,000 $185,000 $5,051 3.50%

    For 2019, Park Side Financial's most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $13,555,000 $208,538 $1,623 3.88%
    Cash Out Refi 58 $10,990,000 $189,483 $1,749 3.67%
    Home Purchase 45 $9,305,000 $206,778 $3,527 4.04%
    Home Improvement 1 $65,000 $65,000 $13,000 3.13%
    Other 1 $155,000 $155,000 $4,437 4.00%

    For 2019, Park Side Financial's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 110 $25,220,000 $229,273 $2,651 3.93%
    15 Year 27 $3,705,000 $137,222 $1,390 3.77%
    20 Year 24 $3,770,000 $157,083 $1,668 3.61%
    Other 9 $1,375,000 $152,778 $1,450 3.72%

    For 2019, Park Side Financial's most frequently cited loan duration was 30 Year, with 110 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 9 $1,745,000 $193,889
    $3k-4k 6 $1,660,000 $276,667
    $<1k 5 $1,035,000 $207,000
    $4k-5k 4 $890,000 $222,500
    $1k-2k 2 $420,000 $210,000

    Park Side Financial's average total fees were $2,651, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 112 $22,130,000 $197,589
    4-5% 56 $11,630,000 $207,679
    5-6% 2 $310,000 $155,000

    During 2019, Park Side Financial's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 3-4%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 69 $10,245,000 $148,478 $1,998 3.83%
    $200k-400k 69 $18,755,000 $271,812 $2,680 3.88%
    $100,000 or less 25 $1,765,000 $70,600 $1,750 3.81%
    $400k-600k 7 $3,305,000 $472,143 $2,249 3.73%

    2019 saw Park Side Financial place emphasis on $100k-200k loans with 69 originations, totaling $10,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 59 $11,005,000 $186,525 $2,293 3.92%
    $50k or less 41 $5,355,000 $130,610 $2,161 3.73%
    $75k-100k 29 $6,155,000 $212,241 $2,343 4.00%
    $100k-150k 20 $5,280,000 $264,000 $2,115 3.84%
    $150k-250k 10 $2,940,000 $294,000 $2,783 3.55%

    Park Side Financial lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $50k or less, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $5,275,000 $159,848 $2,218 3.63%
    30-36% 31 $6,205,000 $200,161 $2,233 3.86%
    <20% 14 $2,260,000 $161,429 $1,345 3.73%
    44% 9 $1,525,000 $169,444 $2,333 3.89%
    39% 8 $1,520,000 $190,000 $1,932 4.25%
    42% 7 $1,185,000 $169,286 $1,951 4.16%
    46% 7 $1,705,000 $243,571 $3,610 4.02%
    38% 6 $1,190,000 $198,333 $2,161 3.87%
    41% 6 $1,430,000 $238,333 $2,139 3.71%
    47% 6 $1,760,000 $293,333 $1,910 3.68%
    45% 5 $1,555,000 $311,000 $1,804 3.67%
    37% 5 $805,000 $161,000 $1,615 3.93%
    36% 5 $1,095,000 $219,000 $4,300 4.08%
    40% 4 $930,000 $232,500 $3,772 3.94%
    43% 4 $860,000 $215,000 $2,841 4.44%
    48% 3 $635,000 $211,667 $3,012 3.65%
    49% 3 $865,000 $288,333 $3,794 3.83%
    50-60% 2 $310,000 $155,000 $1,452 4.50%

    Park Side Financial lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $29,415,000 $202,862 $2,347 3.86%
    Not provided 24 $4,420,000 $184,167 $1,648 3.75%
    Filipino 1 $235,000 $235,000 $2,066 3.63%

    Approval Rates

    Total approvals of all applications
    90.91%

    Park Side Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.24%

    Park Side Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 170 $34,070,000 $200,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 21 $2,675,000 $127,381
    Single Family (1-4 Units):Site-Built 149 $31,395,000 $210,705

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $2,010,000 $91,364 $1,877 3.67%
    40-60% 39 $6,565,000 $168,333 $1,819 3.79%
    60-80% 61 $14,835,000 $243,197 $2,171 3.74%
    80-100% 38 $9,460,000 $248,947 $3,298 4.17%
    Over 100% 1 $325,000 $325,000 $1,705 3.38%
    Under 20% 9 $875,000 $97,222 $1,243 3.94%