Pacific Residential Mortgage Rates, Fees & Info

LAKE OSWEGO, OR

LEI: 549300TUQC6OYE8A0Y96

Tax ID: 11-3714032

2.8 stars - out of 5 stars, based on 64 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Pacific Residential Mortgage is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Pacific Residential Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Portland, Salem, Boise City, Albany, and Cincinnati among others. Pacific Residential Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Pacific Residential Mortgage is typically a high fee lendor.


Originations

4,037

Origination Dollar Volume (All Markets)

$1,292,635,000

Relative Rate

Pacific Residential Mortgage 's average 30 year fixed rate mortgage of loans were 3.16%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.01%.

Relative Fees

Pacific Residential Mortgage 's average total fees for a 30 year fixed rate mortgage are $6,955.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1,716 $648,600,000 $377,972 $7,259 3.12%
SALEM, OR (FHA|USDA|VA) 375 $119,605,000 $318,947 $7,521 3.24%
BOISE CITY, ID (FHA|USDA|VA) 196 $59,850,000 $305,357 $6,804 3.13%
ALBANY-LEBANON, OR (FHA|USDA|VA) 188 $52,260,000 $277,979 $7,144 3.17%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 229 $37,595,000 $164,170 $4,357 2.80%
Outside of Metro Areas 131 $33,385,000 $254,847 $6,600 3.16%
MEDFORD, OR (FHA|USDA|VA) 106 $30,080,000 $283,774 $6,737 3.16%
CORVALLIS, OR (FHA|USDA|VA) 69 $24,695,000 $357,899 $7,369 3.15%
Bozeman, MT (FHA|USDA|VA) 70 $23,830,000 $340,429 $6,766 3.07%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 78 $23,360,000 $299,487 $7,232 3.17%
BEND, OR (FHA|USDA|VA) 65 $22,535,000 $346,692 $7,404 3.12%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 72 $20,790,000 $288,750 $5,993 3.20%
MOBILE, AL (FHA|USDA|VA) 142 $19,890,000 $140,070 $4,605 2.71%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 37 $14,855,000 $401,486 $5,325 3.34%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 63 $13,825,000 $219,444 $3,872 3.34%
IDAHO FALLS, ID (FHA|USDA|VA) 52 $12,290,000 $236,346 $6,138 2.74%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 21 $10,625,000 $505,952 $4,871 3.01%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 21 $9,655,000 $459,762 $8,780 3.18%
Newport, OR (FHA|USDA|VA) 23 $8,445,000 $367,174 $8,036 3.23%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 38 $8,320,000 $218,947 $5,581 3.13%
LONGVIEW, WA (FHA|USDA|VA) 24 $8,240,000 $343,333 $7,702 2.92%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 15 $5,825,000 $388,333 $8,534 3.52%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $4,965,000 $551,667 $9,454 3.15%
FRESNO, CA (FHA|USDA|VA) 19 $4,235,000 $222,895 $7,007 2.92%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $4,190,000 $523,750 $7,805 3.39%
Ontario, OR-ID (FHA|USDA|VA) 15 $3,775,000 $251,667 $8,175 3.30%
Astoria, OR (FHA|USDA|VA) 9 $3,565,000 $396,111 $9,264 3.03%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 13 $3,085,000 $237,308 $4,153 3.14%
GRANTS PASS, OR (FHA|USDA|VA) 9 $2,735,000 $303,889 $7,980 3.46%
Prineville, OR (FHA|USDA|VA) 7 $2,675,000 $382,143 $8,301 3.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 10 $2,500,000 $250,000 $6,922 3.24%
COLUMBUS, OH (FHA|USDA|VA) 12 $2,410,000 $200,833 $5,004 3.22%
Hood River, OR (FHA|USDA|VA) 6 $2,390,000 $398,333 $6,440 3.27%
POCATELLO, ID (FHA|USDA|VA) 10 $1,800,000 $180,000 $4,919 3.66%
Roseburg, OR (FHA|USDA|VA) 7 $1,785,000 $255,000 $5,984 3.34%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,780,000 $445,000 $5,108 3.72%
Rexburg, ID (FHA|USDA|VA) 8 $1,730,000 $216,250 $8,023 2.48%
STOCKTON, CA (FHA|USDA|VA) 4 $1,710,000 $427,500 $8,725 3.03%
Blackfoot, ID (FHA|USDA|VA) 7 $1,515,000 $216,429 $5,686 3.14%
TWIN FALLS, ID (FHA|USDA|VA) 7 $1,495,000 $213,571 $5,534 3.34%
MADERA, CA (FHA|USDA|VA) 4 $1,480,000 $370,000 $8,218 3.59%
The Dalles, OR (FHA|USDA|VA) 5 $1,455,000 $291,000 $6,340 3.07%
MISSOULA, MT (FHA|USDA|VA) 4 $1,420,000 $355,000 $7,382 3.03%
DAYTON-KETTERING, OH (FHA|USDA|VA) 10 $1,340,000 $134,000 $4,564 2.50%
YUBA CITY, CA (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,265 3.21%
Port Angeles, WA (FHA|USDA|VA) 3 $1,095,000 $365,000 $5,806 3.29%
Klamath Falls, OR (FHA|USDA|VA) 6 $1,080,000 $180,000 $5,559 3.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $4,847 2.88%
Burley, ID (FHA|USDA|VA) 3 $1,005,000 $335,000 $7,027 3.42%
TUCSON, AZ (FHA|USDA|VA) 3 $945,000 $315,000 $6,140 3.17%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $945,000 $315,000 $3,092 3.41%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $845,000 $845,000 $9,501 3.75%
NAPA, CA (FHA|USDA|VA) 1 $815,000 $815,000 $12,344 3.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $785,000 $785,000 $21,137 2.88%
Brookings, OR (FHA|USDA|VA) 3 $735,000 $245,000 $6,409 3.33%
Shelton, WA (FHA|USDA|VA) 2 $660,000 $330,000 $5,849 3.56%
Mountain Home, ID (FHA|USDA|VA) 2 $610,000 $305,000 $10,089 2.81%
Hermiston-Pendleton, OR (FHA|USDA|VA) 4 $550,000 $137,500 $4,529 3.31%
BILLINGS, MT (FHA|USDA|VA) 2 $530,000 $265,000 $6,339 3.37%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $525,000 $525,000 $10,183 3.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $495,000 $495,000 $7,603 3.25%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $480,000 $240,000 $5,565 3.31%
VISALIA, CA (FHA|USDA|VA) 2 $470,000 $235,000 $5,279 2.87%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $465,000 $465,000 $3,304 3.88%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $465,000 $465,000 $2,837 3.25%
COLUMBUS, IN (FHA|USDA|VA) 3 $455,000 $151,667 $3,027 2.67%
Kalispell, MT (FHA|USDA|VA) 1 $445,000 $445,000 $4,448 3.25%
Greensburg, IN (FHA|USDA|VA) 5 $435,000 $87,000 $3,138 2.15%
La Grande, OR (FHA|USDA|VA) 2 $430,000 $215,000 $6,251 3.94%
Coos Bay, OR (FHA|USDA|VA) 2 $430,000 $215,000 $5,746 3.44%
Moses Lake, WA (FHA|USDA|VA) 2 $420,000 $210,000 $6,001 3.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $415,000 $415,000 $4,001 2.75%
Ukiah, CA (FHA|USDA|VA) 1 $385,000 $385,000 $7,061 2.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $380,000 $190,000 $6,696 3.44%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $375,000 $375,000 $4,302 2.88%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $375,000 $375,000 $4,024 3.50%
Outside of Metro Areas 1 $365,000 $365,000 $7,689 2.63%
Crawfordsville, IN (FHA|USDA|VA) 2 $360,000 $180,000 $3,212 2.93%
VALLEJO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $6,668 3.63%
Jackson, WY-ID (FHA|USDA|VA) 2 $350,000 $175,000 $6,979 1.56%
Helena, MT (FHA|USDA|VA) 1 $325,000 $325,000 $11,468 2.88%
Clearlake, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,742 2.75%
Ellensburg, WA (FHA|USDA|VA) 1 $315,000 $315,000 $6,055 3.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $315,000 $105,000 $4,277 2.50%
Hailey, ID (FHA|USDA|VA) 1 $305,000 $305,000 $9,087 3.75%
Centralia, WA (FHA|USDA|VA) 2 $300,000 $150,000 $4,605 2.69%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,518 3.63%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,950 3.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $285,000 $285,000 $3,030 3.37%
BELLINGHAM, WA (FHA|USDA|VA) 1 $275,000 $275,000 $7,777 3.38%
Aberdeen, WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,606 3.38%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $275,000 $275,000 $3,897 3.63%
Show Low, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $8,195 2.87%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,556 2.87%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $255,000 $255,000 $7,711 3.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $255,000 $255,000 $4,915 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,247 3.37%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $220,000 $110,000 $4,054 2.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $6,971 3.25%
WALLA WALLA, WA (FHA|USDA|VA) 1 $215,000 $215,000 $3,938 2.99%
Palatka, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,672 3.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,631 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,690 2.75%
CLEVELAND, TN (FHA|USDA|VA) 1 $195,000 $195,000 $6,464 4.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $7,047 3.25%
TOLEDO, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,958 3.25%
MANSFIELD, OH (FHA|USDA|VA) 2 $180,000 $90,000 $3,896 2.13%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $175,000 $175,000 $8,089 3.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $9,537 3.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $165,000 $165,000 $3,988 3.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $4,057 3.25%
ANCHORAGE, AK (FHA|USDA|VA) 1 $155,000 $155,000 $5,079 3.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $135,000 $135,000 $5,637 3.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,280 3.00%
GREAT FALLS, MT (FHA|USDA|VA) 1 $105,000 $105,000 $3,582 3.75%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,799 2.75%
LIMA, OH (FHA|USDA|VA) 2 $100,000 $50,000 $3,215 2.38%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $75,000 $75,000 $4,318 2.88%
Mount Vernon, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,369 3.50%

Pacific Residential Mortgage 's top markets include Portland, Salem, Boise City, Albany, and Cincinnati among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,318 $1,072,780,000 $323,321 $6,096 3.08%
FHA 473 $133,125,000 $281,448 $10,484 3.36%
VA 202 $74,010,000 $366,386 $8,674 2.95%
USDA 44 $12,720,000 $289,091 $8,892 2.95%

For the 2021 period, Pacific Residential Mortgage 's most frequently originated loan type of loans were Conventional, with 3,318 originations. Their 2nd most popular type is FHA, with 473 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,222 $743,110,000 $334,433 $7,095 3.07%
Cash Out Refi 956 $294,330,000 $307,877 $6,948 3.26%
Refi 859 $255,195,000 $297,084 $5,728 3.03%

For the 2021, Pacific Residential Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 2,222 originations. The 2nd most popular reason of loans were Cash Out Refi, with 956 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,685 $1,212,495,000 $329,035 $6,955 3.16%
15 Year 209 $52,495,000 $251,172 $5,248 2.62%
20 Year 65 $17,555,000 $270,077 $5,894 3.09%
10 Year 39 $2,335,000 $59,872 $970 2.32%
Other 36 $6,830,000 $189,722 $4,750 2.15%
3 Year 2 $10,000 $5,000 $50 0.00%
30+ year 1 $915,000 $915,000 $0 4.50%

For the 2021, Pacific Residential Mortgage 's most frequently cited loan length of loans were 30 Year, with 3,685 originations. The 2nd most popular length of loans were 15 Year, with 209 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 1,187 $376,195,000 $316,929
$1k-2k 1,101 $353,585,000 $321,149
$5k+ 871 $350,685,000 $402,623
$2k-3k 662 $190,830,000 $288,263
$<1k 216 $21,340,000 $98,796

$6,955 of loans were Pacific Residential Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 1,187 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,312 $780,350,000 $337,522
2.5-3% 1,311 $436,125,000 $332,666
<2.5% 309 $50,255,000 $162,638
4-5% 105 $25,905,000 $246,714

During 2021, Pacific Residential Mortgage 's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 3-4%, with 2,312 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,115 $636,375,000 $300,887 $6,973 3.20%
$400k-600k 985 $469,455,000 $476,604 $8,026 3.18%
$100k-200k 606 $95,400,000 $157,426 $5,105 3.29%
$100,000 or less 221 $6,825,000 $30,882 $1,316 1.34%
$600k-1MM 98 $68,560,000 $699,592 $11,031 3.24%
$1MM+ 12 $16,020,000 $1,335,000 $16,185 3.23%

2021 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 2,115 originations, totaling $636,375,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 985 $363,255,000 $368,787 $7,159 3.18%
$50k-75k 933 $245,155,000 $262,760 $6,523 3.05%
$75k-100k 880 $275,710,000 $313,307 $6,859 3.14%
$150k-250k 515 $216,025,000 $419,466 $7,584 3.19%
$50k or less 513 $90,115,000 $175,663 $4,983 2.91%
$250k+ 208 $101,340,000 $487,212 $8,006 3.15%

Pacific Residential Mortgage lent most frequently to those with incomes in the $100k-150k range, with 985 originations. The second most popular income band? $50k-75k, with 933 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 781 $250,495,000 $320,736 $6,581 3.13%
20-30% 749 $241,945,000 $323,024 $6,249 3.08%
<20% 286 $81,550,000 $285,140 $5,541 2.80%
41% 202 $66,300,000 $328,218 $6,814 3.16%
43% 193 $60,505,000 $313,497 $7,010 3.08%
44% 177 $56,545,000 $319,463 $7,038 3.21%
42% 175 $55,855,000 $319,171 $6,610 3.17%
40% 167 $56,555,000 $338,653 $7,346 3.16%
38% 145 $45,345,000 $312,724 $6,641 3.09%
37% 145 $47,255,000 $325,897 $6,958 3.21%
45% 141 $45,165,000 $320,319 $6,930 3.21%
39% 141 $49,585,000 $351,667 $7,326 3.18%
36% 127 $40,505,000 $318,937 $7,151 3.20%
49% 123 $42,585,000 $346,220 $7,946 3.16%
47% 123 $41,025,000 $333,537 $7,390 3.12%
46% 119 $34,495,000 $289,874 $7,680 3.20%
48% 119 $39,605,000 $332,815 $7,309 3.26%
50-60% 93 $27,425,000 $294,892 $8,979 2.89%
>60% 8 $2,020,000 $252,500 $5,611 2.92%

Pacific Residential Mortgage lent most frequently to those with DTI ratios of 30-36%, with 781 originations. The next most common DTI ratio? 20-30%, with 749 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,171 $1,044,295,000 $329,327 $6,864 3.14%
Not provided 393 $131,565,000 $334,771 $6,998 3.14%
Asian 139 $51,835,000 $372,914 $6,558 3.16%
Black 260 $43,610,000 $167,731 $5,187 2.68%
American Indian 64 $18,330,000 $286,406 $7,233 3.05%
Native Hawaiian 10 $3,000,000 $300,000 $8,237 3.33%

Approval Rates

Total approvals of all applications
96.97%

Pacific Residential Mortgage 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
72.14%

Pacific Residential Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,037 $1,292,635,000 $320,197

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,037 $1,292,635,000 $320,197

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 193 $40,225,000 $208,420 $5,086 2.95%
40-60% 571 $168,185,000 $294,545 $5,710 3.05%
60-80% 1,456 $508,780,000 $349,437 $6,861 3.26%
80-100% 1,623 $560,405,000 $345,290 $7,733 3.26%
Over 100% 27 $11,895,000 $440,556 $16,934 3.02%
Under 20% 167 $3,145,000 $18,832 $458 0.70%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
PACIFIC FORESIGHT FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%