Pacific Residential Mortgage Rates, Fees & Info
LAKE OSWEGO, ORLEI: 549300TUQC6OYE8A0Y96
Tax ID: 11-3714032
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Mortgage Data
Review & Overview
Pacific Residential Mortgage is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: Portland, Phoenix, Salem, Salt Lake City, and Sacramento among others. We have data for 129 markets. (Some data included below & more in-depth data is available with an active subscription.)Pacific Residential Mortgage 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. Pacific Residential Mortgage is typically a high 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 9/18/23 |
| 30 Year Conventional Purchase | 6.76% | 9/18/23 |
| 30 Year Conventional Refi | 6.60% | 9/18/23 |
| 30 Year Cash-out Refi | 6.91% | 9/18/23 |
| 30 Year FHA Purchase | 7.62% | 9/18/23 |
| 30 Year FHA Refi | 6.87% | 9/18/23 |
| 30 Year VA Purchase | 6.38% | 9/18/23 |
| 30 Year VA Refi | 6.00% | 9/18/23 |
| 30 Year USDA Purchase | 6.63% | 9/18/23 |
| 15 Year Conventional Purchase | 7.16% | 9/18/23 |
| 15 Year Conventional Refi | 6.19% | 9/18/23 |
| 15 Year Cash-out Refi | 6.19% | 9/18/23 |
| 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. | ||
Pacific Residential Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Pacific Residential Mortgage. 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
2,144Origination Dollar Volume (All Markets)
$761,080,000Relative Rate
Pacific Residential Mortgage's average 30 year fixed mortgage rate was
5.13%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.37%.
Relative Fees (Closing Costs)
Pacific Residential Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,306.
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.
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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 590 | $244,800,000 | $414,915 | $8,983 | 4.83% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 204 | $70,140,000 | $343,824 | $9,308 | 5.09% |
| SALEM, OR (FHA|USDA|VA) | 175 | $64,145,000 | $366,543 | $9,740 | 5.04% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 153 | $53,645,000 | $350,621 | $9,485 | 6.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 84 | $37,030,000 | $440,833 | $9,305 | 5.10% |
| BOISE CITY, ID (FHA|USDA|VA) | 107 | $35,305,000 | $329,953 | $8,563 | 5.15% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 77 | $23,865,000 | $309,935 | $9,693 | 5.08% |
| Outside of Metro Areas | 77 | $20,965,000 | $272,273 | $8,383 | 4.84% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 21 | $12,705,000 | $605,000 | $8,147 | 4.43% |
| STOCKTON, CA (FHA|USDA|VA) | 30 | $11,170,000 | $372,333 | $7,544 | 4.56% |
| CORVALLIS, OR (FHA|USDA|VA) | 27 | $11,005,000 | $407,593 | $9,532 | 5.29% |
| BEND, OR (FHA|USDA|VA) | 27 | $10,875,000 | $402,778 | $10,017 | 4.66% |
| MEDFORD, OR (FHA|USDA|VA) | 34 | $10,860,000 | $319,412 | $8,643 | 4.42% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 42 | $9,920,000 | $236,190 | $8,124 | 5.21% |
| MOBILE, AL (FHA|USDA|VA) | 61 | $9,045,000 | $148,279 | $6,338 | 5.58% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 25 | $8,935,000 | $357,400 | $9,775 | 5.35% |
| PROVO-OREM, UT (FHA|USDA|VA) | 18 | $7,210,000 | $400,556 | $9,972 | 5.30% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 21 | $6,585,000 | $313,571 | $8,486 | 4.80% |
| Bozeman, MT (FHA|USDA|VA) | 11 | $5,915,000 | $537,727 | $8,226 | 4.56% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 26 | $5,620,000 | $216,154 | $8,474 | 5.17% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $5,350,000 | $668,750 | $15,736 | 5.80% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $4,900,000 | $408,333 | $9,146 | 5.37% |
| Winnemucca, NV (FHA|USDA|VA) | 20 | $4,850,000 | $242,500 | $9,463 | 5.49% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $3,570,000 | $446,250 | $11,832 | 5.14% |
| GRANTS PASS, OR (FHA|USDA|VA) | 10 | $3,550,000 | $355,000 | $10,415 | 4.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $3,465,000 | $495,000 | $7,701 | 5.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 11 | $3,035,000 | $275,909 | $6,676 | 6.31% |
| Elko, NV (FHA|USDA|VA) | 13 | $2,925,000 | $225,000 | $8,964 | 5.35% |
| RENO, NV (FHA|USDA|VA) | 7 | $2,685,000 | $383,571 | $9,507 | 5.45% |
| Ontario, OR-ID (FHA|USDA|VA) | 9 | $2,465,000 | $273,889 | $7,562 | 4.14% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $2,460,000 | $307,500 | $8,474 | 6.45% |
| Mountain Home, ID (FHA|USDA|VA) | 9 | $2,305,000 | $256,111 | $6,879 | 5.32% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $2,215,000 | $443,000 | $7,849 | 5.40% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $9,688 | 5.00% |
| Blackfoot, ID (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $8,314 | 5.20% |
| Coos Bay, OR (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $8,524 | 3.87% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $11,731 | 5.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $10,489 | 5.06% |
| LONGVIEW, WA (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $7,277 | 4.44% |
| Roseburg, OR (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $9,979 | 5.17% |
| Klamath Falls, OR (FHA|USDA|VA) | 7 | $1,445,000 | $206,429 | $8,603 | 3.41% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $8,302 | 5.52% |
| Rexburg, ID (FHA|USDA|VA) | 8 | $1,390,000 | $173,750 | $7,779 | 5.53% |
| Newport, OR (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $6,982 | 4.45% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $8,089 | 5.75% |
| The Dalles, OR (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $7,371 | 4.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $12,110 | 5.16% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $8,402 | 4.33% |
| Prineville, OR (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $12,413 | 5.08% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 8 | $1,000,000 | $125,000 | $5,386 | 6.84% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $8,785 | 5.56% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $9,056 | 3.44% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 10 | $900,000 | $90,000 | $4,802 | 2.36% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $8,030 | 6.63% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $11,275 | 5.31% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $8,875 | 4.94% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $5,585 | 3.96% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $7,152 | 6.46% |
| Outside of Metro Areas | 2 | $820,000 | $410,000 | $14,696 | 7.19% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $5,427 | 3.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $12,679 | 6.13% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $7,051 | 4.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $6,590 | 5.69% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,439 | 4.06% |
| Burley, ID (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $18,889 | 3.13% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $13,011 | 5.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $13,991 | 5.00% |
| Palatka, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,834 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $13,636 | 5.88% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $18,374 | 6.63% |
| Astoria, OR (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,825 | 5.75% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,030 | 4.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $7,048 | 4.38% |
| Menomonie, WI (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $6,236 | 5.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,098 | 6.13% |
| GREAT FALLS, MT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,107 | 4.94% |
| Pullman, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,377 | 5.99% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,078 | 3.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,969 | 6.04% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,974 | 5.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $12,112 | 6.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,536 | 6.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,650 | 6.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,188 | 6.63% |
| Centralia, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,611 | 4.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,192 | 6.88% |
| DALTON, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,210 | 6.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $16,192 | 7.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,970 | 5.88% |
| Brookings, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,102 | 5.75% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,148 | 3.75% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,100 | 3.12% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,199 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,940 | 7.13% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,593 | 5.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,990 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,429 | 3.00% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,315 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,619 | 6.13% |
| LOGAN, UT-ID (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,934 | 6.75% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,617 | 5.25% |
| Salem, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,014 | 7.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,492 | 4.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,934 | 6.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,861 | 7.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,719 | 6.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,837 | 6.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,505 | 7.38% |
| Safford, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,383 | 6.63% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,092 | 3.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,754 | 3.99% |
| Picayune, MS (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,670 | 2.44% |
| Evanston, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,228 | 5.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,499 | 6.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,811 | 5.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $245 | 5.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,365 | 7.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,873 | 7.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,843 | 5.50% |
| Fernley, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,739 | 7.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,144 | 5.13% |
| La Grande, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,945 | 5.63% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,458 | 7.63% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $4,209 | 1.94% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,064 | 5.50% |
| Payson, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,720 | 5.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,390 | 4.63% |
| Hood River, OR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,281 | 5.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,529 | 6.13% |
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Product Mix
For 2022, Pacific Residential Mortgage's most frequently originated type of loan was Conventional, with 1,610 originations. Their 2nd most popular type was FHA, with 400 originations.
Loan Reason
For 2022, Pacific Residential Mortgage's most frequently cited loan purpose was Home Purchase, with 1,684 originations. The 2nd most popular reason was Cash Out Refi, with 364 originations.
Loan Duration/Length
For 2022, Pacific Residential Mortgage's most frequently cited loan duration was 30 Year, with 2,001 originations. The 2nd most popular length was 15 Year, with 63 originations.
Origination Fees/Closing Costs
Pacific Residential Mortgage's average total fees were $9,306, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 889 originations.
Interest Rates
During 2022, Pacific Residential Mortgage's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 5-6%, with 617 originations.
Loan Sizing
2022 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 938 originations, totaling $289,220,000 in origination value.
Applicant Income
Pacific Residential Mortgage lent most frequently to those with incomes in the $100k-150k range, with 615 originations. The second most popular income band? $75k-100k, with 502 originations.
Applicant Debt to Income Ratio
Pacific Residential Mortgage lent most frequently to those with DTI ratios of 30-36%, with 328 originations. The next most common DTI ratio? 20-30%, with 270 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.49%
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 origination60.12%
Pacific Residential Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,144 | $761,080,000 | $354,981 |