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

Jump to:

  • 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 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.

    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

    214

    Origination Dollar Volume (All Markets)

    $59,820,000
    Show all (8) 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) 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%
    Park Side Financial's top markets include Kalispell and Missoula among others.

    Their top states include:
  • Montana (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: 18
    CLEARWATER Federal Credit Union
    Similarity Rank: 30
    Opportunity Bank of Montana
    Similarity Rank: 345
    Stockman Bank of Montana
    Similarity Rank: 935
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 2715
    Glacier Bank
    Similarity Rank: 2788
    ENVOY MORTGAGE, LTD
    Similarity Rank: 5040
    Morgan Stanley Private Bank
    Similarity Rank: 5532
    Mortgage Research Center, LLC
    Similarity Rank: 5556
    First Interstate Bank
    Similarity Rank: 5840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 213 $59,695,000 $280,258 $2,217 3.64%
    USDA 1 $125,000 $125,000 $4,331 4.63%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 103 $27,735,000 $269,272 $2,049 3.65%
    Cash Out Refi 67 $17,865,000 $266,642 $2,037 3.42%
    Home Purchase 44 $14,220,000 $323,182 $2,932 3.97%

    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 104 $31,990,000 $307,596 $2,423 3.82%
    20 Year 75 $20,535,000 $273,800 $2,074 3.54%
    15 Year 34 $7,120,000 $209,412 $1,931 3.33%
    Other 1 $175,000 $175,000 $3,321 3.25%

    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
    $<1k 212 $59,420,000 $280,283
    $2k-3k 1 $205,000 $205,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 138 $41,510,000 $300,797
    4-5% 33 $8,135,000 $246,515
    2.5-3% 26 $5,950,000 $228,846
    5-6% 16 $4,050,000 $253,125
    6-7% 1 $175,000 $175,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 111 $31,165,000 $280,766 $2,256 3.65%
    $100k-200k 42 $6,330,000 $150,714 $2,016 3.58%
    $400k-600k 40 $18,790,000 $469,750 $2,625 3.55%
    $100,000 or less 17 $1,035,000 $60,882 $1,437 3.95%
    $600k-1MM 4 $2,500,000 $625,000 $2,996 3.62%

    2022 saw Park Side Financial place emphasis on $200k-400k loans with 111 originations, totaling $31,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 47 $10,235,000 $217,766 $2,107 3.52%
    $100k-150k 45 $15,215,000 $338,111 $2,401 3.82%
    $75k-100k 40 $11,350,000 $283,750 $2,243 3.66%
    $50k or less 37 $5,135,000 $138,784 $1,927 3.74%
    $150k-250k 24 $9,870,000 $411,250 $2,415 3.54%
    $250k+ 9 $4,105,000 $456,111 $2,732 3.22%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $9,700,000 $285,294 $2,266 3.49%
    30-36% 31 $9,275,000 $299,194 $2,250 3.75%
    37% 9 $2,595,000 $288,333 $2,412 3.71%
    44% 8 $2,510,000 $313,750 $1,971 4.00%
    36% 7 $1,755,000 $250,714 $2,219 4.09%
    <20% 7 $1,585,000 $226,429 $1,950 3.24%
    39% 6 $1,820,000 $303,333 $2,443 3.63%
    40% 6 $1,640,000 $273,333 $2,107 3.54%
    41% 6 $2,370,000 $395,000 $2,565 4.25%
    43% 5 $1,565,000 $313,000 $2,517 3.98%
    46% 5 $1,245,000 $249,000 $2,194 4.03%
    49% 4 $840,000 $210,000 $2,172 3.44%
    50-60% 3 $695,000 $231,667 $2,178 3.25%
    38% 3 $665,000 $221,667 $2,215 3.58%
    42% 3 $895,000 $298,333 $2,488 3.16%
    45% 3 $855,000 $285,000 $2,456 3.71%
    47% 3 $945,000 $315,000 $2,239 3.25%
    48% 3 $915,000 $305,000 $2,483 3.25%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $50,265,000 $277,707 $2,229 3.64%
    Not provided 32 $9,080,000 $283,750 $2,217 3.67%
    Asian 1 $475,000 $475,000 $2,100 3.25%

    Approval Rates

    Total approvals of all applications
    83.15%

    Park Side Financial has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.59%

    Park Side Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 214 $59,820,000 $279,533

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    214 $59,820,000 $279,533

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $12,925,000 $219,068 $2,040 3.49%
    40-60% 63 $17,415,000 $276,429 $2,122 3.65%
    60-80% 64 $23,160,000 $361,875 $2,536 3.70%
    80-100% 13 $4,515,000 $347,308 $2,751 3.95%
    Under 20% 15 $1,805,000 $120,333 $1,627 3.67%