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
  • Complaints
  • 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 Cash Out Refi and Refi loans. Park Side Financial has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Kalispell, Missoula, Branson, and Riverton 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% 12/3/24
    30 Year Conventional Refi 5.67% 12/3/24
    30 Year USDA Purchase 7.19% 12/3/24
    15 Year Conventional Purchase 4.78% 12/3/24
    15 Year Conventional Refi 4.98% 12/3/24
    15 Year Cash-out Refi 4.98% 12/3/24
    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

    275

    Origination Dollar Volume (All Markets)

    $56,615,000

    Awards

    PARK SIDE FINANCIAL 30 Year Conventional Loans gold PARK SIDE FINANCIAL 30 Year Conventional Loans gold
    Show all (2) 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) 169 $35,355,000 $209,201 $1,862 3.27%
    MISSOULA, MT (FHA|USDA|VA) 56 $12,160,000 $217,143 $5,286 3.32%
    Outside of Metro Areas 48 $8,550,000 $178,125 $5,443 3.30%
    Branson, MO (FHA|USDA|VA) 1 $405,000 $405,000 $6,846 3.63%
    Riverton, WY (FHA|USDA|VA) 1 $145,000 $145,000 $4,892 3.38%
    Park Side Financial's top markets include Kalispell, Missoula, Branson, and Riverton among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Wyoming (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.

    CLEARWATER Federal Credit Union
    Similarity Rank: 99
    PARK SIDE FINANCIAL
    Similarity Rank: 265
    Stockman Bank of Montana
    Similarity Rank: 1105
    HORIZON
    Similarity Rank: 1127
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 1140
    Opportunity Bank of Montana
    Similarity Rank: 3164
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 5558
    FirstBank
    Similarity Rank: 5784
    MUTUAL OF OMAHA MORTGAGE, INC.
    Similarity Rank: 6507
    First Interstate Bank
    Similarity Rank: 6832

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 270 $55,490,000 $205,519 $3,159 3.29%
    VA 3 $735,000 $245,000 $7,011 3.54%
    FHA 1 $145,000 $145,000 $4,892 3.38%
    USDA 1 $245,000 $245,000 $4,872 3.38%

    For 2020, Park Side Financial's most frequently originated type of loan was Conventional, with 270 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 147 $30,085,000 $204,660 $1,710 3.29%
    Refi 76 $15,020,000 $197,632 $4,047 3.21%
    Home Purchase 50 $11,090,000 $221,800 $6,452 3.42%
    Home Improvement 2 $420,000 $210,000 $1,097 3.25%

    For 2020, Park Side Financial's most frequently cited loan purpose was Cash Out Refi, with 147 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 152 $34,700,000 $228,289 $3,406 3.32%
    20 Year 67 $12,785,000 $190,821 $4,312 3.37%
    15 Year 52 $8,520,000 $163,846 $1,416 3.12%
    Other 2 $360,000 $180,000 $1,038 3.06%
    10 Year 1 $45,000 $45,000 $905 2.99%
    5 Year 1 $205,000 $205,000 $470 2.99%

    For 2020, Park Side Financial's most frequently cited loan duration was 30 Year, with 152 originations. The 2nd most popular length was 20 Year, with 67 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 256 $52,050,000 $203,320
    $2k-3k 8 $1,520,000 $190,000
    $4k-5k 4 $1,420,000 $355,000
    $1k-2k 3 $635,000 $211,667
    $3k-4k 3 $785,000 $261,667
    $5k+ 1 $205,000 $205,000

    Park Side Financial's average total fees were $3,406, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 256 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 205 $43,375,000 $211,585
    2.5-3% 65 $11,795,000 $181,462
    4-5% 5 $1,445,000 $289,000

    During 2020, Park Side Financial's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 125 $32,855,000 $262,840 $2,277 3.29%
    $100k-200k 116 $18,020,000 $155,345 $4,658 3.29%
    $100,000 or less 25 $1,615,000 $64,600 $1,180 3.20%
    $400k-600k 8 $3,470,000 $433,750 $3,288 3.47%
    $600k-1MM 1 $655,000 $655,000 $3,035 4.50%

    2020 saw Park Side Financial place emphasis on $200k-400k loans with 125 originations, totaling $32,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 70 $14,210,000 $203,000 $1,889 3.28%
    $50k or less 68 $10,010,000 $147,206 $1,780 3.27%
    $100k-150k 54 $12,630,000 $233,889 $5,609 3.29%
    $75k-100k 52 $11,690,000 $224,808 $2,256 3.32%
    $150k-250k 11 $2,965,000 $269,545 $1,661 3.44%
    $250k+ 7 $2,365,000 $337,857 $24,672 3.59%

    Park Side Financial lent most frequently to those with incomes in the $50k-75k range, with 70 originations. The second most popular income band? $50k or less, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 78 $15,310,000 $196,282 $1,742 3.28%
    30-36% 46 $9,550,000 $207,609 $2,136 3.25%
    <20% 18 $2,460,000 $136,667 $1,923 3.15%
    39% 15 $3,485,000 $232,333 $1,886 3.36%
    43% 14 $3,770,000 $269,286 $2,138 3.40%
    45% 12 $2,760,000 $230,000 $2,628 3.33%
    37% 11 $2,495,000 $226,818 $2,114 3.43%
    40% 11 $2,375,000 $215,909 $16,487 3.47%
    41% 10 $2,240,000 $224,000 $2,204 3.34%
    36% 9 $1,715,000 $190,556 $2,195 3.15%
    44% 8 $2,040,000 $255,000 $2,376 3.29%
    46% 8 $1,620,000 $202,500 $2,034 3.29%
    38% 7 $1,695,000 $242,143 $27,817 3.32%
    42% 6 $1,140,000 $190,000 $1,914 3.20%
    47% 5 $695,000 $139,000 $1,409 3.38%
    50-60% 5 $1,005,000 $201,000 $1,815 3.32%
    49% 3 $415,000 $138,333 $1,603 3.38%
    >60% 2 $460,000 $230,000 $1,930 3.06%
    48% 1 $175,000 $175,000 $1,596 3.50%

    Park Side Financial lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? 30-36%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 231 $47,835,000 $207,078 $3,453 3.30%
    Not provided 41 $8,245,000 $201,098 $1,974 3.25%
    American Indian 2 $340,000 $170,000 $1,753 3.12%
    Filipino 1 $195,000 $195,000 $1,759 3.25%

    Approval Rates

    Total approvals of all applications
    92.02%

    Park Side Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.91%

    Park Side Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 275 $56,615,000 $205,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 22 $3,470,000 $157,727
    Single Family (1-4 Units):Site-Built 253 $53,145,000 $210,059

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $4,615,000 $139,848 $1,578 3.22%
    40-60% 64 $12,320,000 $192,500 $4,517 3.24%
    60-80% 116 $26,930,000 $232,155 $3,441 3.28%
    80-100% 46 $11,520,000 $250,435 $2,712 3.48%
    Over 100% 1 $195,000 $195,000 $1,650 3.49%
    Under 20% 15 $1,035,000 $69,000 $1,141 3.17%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Park Company Realtors FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%