Pacific Residential Mortgage Rates, Fees & Info

LAKE OSWEGO, OR

LEI: 549300TUQC6OYE8A0Y96

Tax ID: 11-3714032

2.5 stars - Updated: 5/27/24 - out of 5 stars, based on 41 reviews

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

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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, Salt Lake City, Sacramento, and Salem among others. We have data for 142 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/27/24
30 Year Conventional Purchase 6.76% 5/27/24
30 Year Conventional Refi 6.60% 5/27/24
30 Year Cash-out Refi 6.91% 5/27/24
30 Year FHA Purchase 7.62% 5/27/24
30 Year FHA Refi 6.87% 5/27/24
30 Year VA Purchase 6.38% 5/27/24
30 Year VA Refi 6.00% 5/27/24
30 Year USDA Purchase 6.63% 5/27/24
15 Year Conventional Purchase 7.16% 5/27/24
15 Year Conventional Refi 6.19% 5/27/24
15 Year Cash-out Refi 6.19% 5/27/24
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.

Pacific Residential Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

1,681

Origination Dollar Volume (All Markets)

$615,435,000

Relative Rate

Pacific Residential Mortgage's average 30 year fixed mortgage rate was 6.72%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

Pacific Residential Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $10,891.

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 $9,089.

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) 269 $110,575,000 $411,059 $11,265 6.87%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 179 $63,865,000 $356,788 $11,103 6.81%
SALT LAKE CITY, UT (FHA|USDA|VA) 179 $56,975,000 $318,296 $10,276 7.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 82 $33,110,000 $403,780 $11,216 6.33%
SALEM, OR (FHA|USDA|VA) 87 $32,635,000 $375,115 $12,128 6.89%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 63 $32,455,000 $515,159 $9,062 6.49%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 37 $19,715,000 $532,838 $11,228 6.04%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 40 $17,340,000 $433,500 $12,219 6.12%
Outside of Metro Areas 55 $16,165,000 $293,909 $10,190 6.65%
ALBANY-LEBANON, OR (FHA|USDA|VA) 48 $15,550,000 $323,958 $12,107 6.62%
Winnemucca, NV (FHA|USDA|VA) 47 $13,395,000 $285,000 $11,523 6.22%
RENO, NV (FHA|USDA|VA) 27 $10,935,000 $405,000 $11,498 6.39%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $10,335,000 $689,000 $11,395 6.70%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 28 $10,120,000 $361,429 $11,877 7.09%
STOCKTON, CA (FHA|USDA|VA) 25 $8,735,000 $349,400 $9,264 6.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 17 $7,495,000 $440,882 $10,654 6.01%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 8 $6,840,000 $855,000 $9,187 6.73%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 16 $6,570,000 $410,625 $11,948 4.86%
BEND, OR (FHA|USDA|VA) 14 $6,540,000 $467,143 $11,741 7.01%
MOBILE, AL (FHA|USDA|VA) 38 $6,410,000 $168,684 $7,841 7.01%
MEDFORD, OR (FHA|USDA|VA) 17 $5,695,000 $335,000 $14,557 6.59%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $5,640,000 $402,857 $8,634 6.80%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 20 $4,820,000 $241,000 $9,786 6.85%
Elko, NV (FHA|USDA|VA) 18 $4,790,000 $266,111 $10,616 5.81%
WENATCHEE, WA (FHA|USDA|VA) 12 $4,440,000 $370,000 $9,360 7.23%
PROVO-OREM, UT (FHA|USDA|VA) 14 $4,210,000 $300,714 $10,120 7.52%
VALLEJO, CA (FHA|USDA|VA) 8 $4,100,000 $512,500 $10,726 6.87%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 9 $3,715,000 $412,778 $12,181 6.53%
CORVALLIS, OR (FHA|USDA|VA) 9 $3,625,000 $402,778 $13,013 6.74%
BOISE CITY, ID (FHA|USDA|VA) 9 $3,225,000 $358,333 $8,128 7.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 16 $2,970,000 $185,625 $6,723 7.43%
TUCSON, AZ (FHA|USDA|VA) 10 $2,890,000 $289,000 $6,026 7.53%
Fernley, NV (FHA|USDA|VA) 9 $2,865,000 $318,333 $11,319 5.96%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $2,780,000 $347,500 $9,497 6.34%
JACKSONVILLE, FL (FHA|USDA|VA) 9 $2,715,000 $301,667 $9,582 7.31%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 12 $2,630,000 $219,167 $8,946 7.31%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 11 $2,185,000 $198,636 $9,746 7.20%
Steamboat Springs, CO (FHA|USDA|VA) 2 $2,180,000 $1,090,000 $15,598 6.56%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,025,000 $675,000 $13,449 4.54%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $2,010,000 $502,500 $12,706 6.59%
Roseburg, OR (FHA|USDA|VA) 5 $1,885,000 $377,000 $12,786 6.38%
Newport, OR (FHA|USDA|VA) 7 $1,885,000 $269,286 $10,770 6.84%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,850,000 $462,500 $9,734 7.03%
SALINAS, CA (FHA|USDA|VA) 3 $1,815,000 $605,000 $7,252 6.66%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,805,000 $361,000 $6,205 7.28%
Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $1,730,000 $288,333 $7,413 6.96%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,415,000 $471,667 $5,915 7.33%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,390,000 $695,000 $13,622 6.75%
MERCED, CA (FHA|USDA|VA) 4 $1,370,000 $342,500 $9,308 6.22%
Clearlake, CA (FHA|USDA|VA) 5 $1,295,000 $259,000 $6,938 5.25%
GREELEY, CO (FHA|USDA|VA) 3 $1,285,000 $428,333 $10,186 7.17%
COLUMBUS, OH (FHA|USDA|VA) 5 $1,275,000 $255,000 $9,613 7.90%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,250,000 $312,500 $14,547 6.90%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $13,025 6.29%
Coos Bay, OR (FHA|USDA|VA) 3 $1,115,000 $371,667 $8,552 6.54%
ST. GEORGE, UT (FHA|USDA|VA) 2 $1,040,000 $520,000 $12,939 7.50%
LONGVIEW, WA (FHA|USDA|VA) 3 $1,025,000 $341,667 $7,456 7.50%
Astoria, OR (FHA|USDA|VA) 3 $955,000 $318,333 $9,494 6.54%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $945,000 $315,000 $8,373 7.00%
Palatka, FL (FHA|USDA|VA) 3 $905,000 $301,667 $8,061 7.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $885,000 $295,000 $9,135 6.58%
Moses Lake, WA (FHA|USDA|VA) 3 $785,000 $261,667 $8,964 6.96%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $760,000 $380,000 $13,560 6.38%
MODESTO, CA (FHA|USDA|VA) 2 $750,000 $375,000 $5,255 7.13%
TWIN FALLS, ID (FHA|USDA|VA) 3 $735,000 $245,000 $7,738 7.17%
Oak Harbor, WA (FHA|USDA|VA) 1 $725,000 $725,000 $11,474 6.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $725,000 $725,000 $7,825 7.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $715,000 $238,333 $7,740 6.46%
Key West, FL (FHA|USDA|VA) 1 $685,000 $685,000 $34,470 6.13%
Mineral Wells, TX (FHA|USDA|VA) 3 $665,000 $221,667 $7,862 7.08%
CARSON CITY, NV (FHA|USDA|VA) 2 $660,000 $330,000 $11,733 7.19%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $655,000 $218,333 $9,730 8.00%
Show Low, AZ (FHA|USDA|VA) 2 $640,000 $320,000 $10,256 5.81%
Heber, UT (FHA|USDA|VA) 1 $635,000 $635,000 $20,459 7.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $635,000 $635,000 $9,295 7.50%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $625,000 $625,000 $5,265 6.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $595,000 $595,000 $13,159 7.63%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $590,000 $295,000 $13,503 7.69%
Bozeman, MT (FHA|USDA|VA) 1 $585,000 $585,000 $14,211 6.38%
CHICO, CA (FHA|USDA|VA) 2 $580,000 $290,000 $8,168 6.81%
PUEBLO, CO (FHA|USDA|VA) 3 $575,000 $191,667 $7,820 4.58%
Sandpoint, ID (FHA|USDA|VA) 1 $555,000 $555,000 $10,915 7.63%
Shelton, WA (FHA|USDA|VA) 1 $545,000 $545,000 $11,977 8.13%
Fallon, NV (FHA|USDA|VA) 2 $540,000 $270,000 $12,949 6.63%
Granbury, TX (FHA|USDA|VA) 2 $530,000 $265,000 $6,222 7.13%
Brenham, TX (FHA|USDA|VA) 1 $525,000 $525,000 $26,954 5.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $520,000 $260,000 $8,823 3.69%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $515,000 $515,000 $24,995 7.13%
Prineville, OR (FHA|USDA|VA) 2 $480,000 $240,000 $7,113 7.44%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $475,000 $475,000 $10,119 7.38%
Lewisburg, TN (FHA|USDA|VA) 1 $475,000 $475,000 $7,818 7.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $15,212 6.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,631 5.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $405,000 $405,000 $19,627 6.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $385,000 $385,000 $6,030 6.25%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $385,000 $385,000 $12,565 6.13%
Montrose, CO (FHA|USDA|VA) 1 $375,000 $375,000 $17,716 7.50%
Traverse City, MI (FHA|USDA|VA) 1 $375,000 $375,000 $7,795 6.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $375,000 $375,000 $4,409 6.75%
COLUMBUS, IN (FHA|USDA|VA) 1 $365,000 $365,000 $8,545 6.88%
Sonora, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,036 7.13%
WALLA WALLA, WA (FHA|USDA|VA) 1 $345,000 $345,000 $6,579 6.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $345,000 $345,000 $6,708 7.13%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $335,000 $335,000 $3,367 7.50%
Pahrump, NV (FHA|USDA|VA) 3 $335,000 $111,667 $7,400 4.71%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $325,000 $325,000 $13,452 6.25%
Centralia, WA (FHA|USDA|VA) 1 $305,000 $305,000 $7,274 6.63%
FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $7,425 7.63%
Klamath Falls, OR (FHA|USDA|VA) 1 $295,000 $295,000 $11,150 6.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $295,000 $295,000 $14,310 5.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $295,000 $295,000 $7,010 7.00%
Payson, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $9,889 6.63%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $275,000 $275,000 $12,706 6.38%
MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $12,091 6.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $265,000 $265,000 $9,597 7.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $260,000 $130,000 $7,267 8.63%
BILLINGS, MT (FHA|USDA|VA) 1 $255,000 $255,000 $6,553 6.63%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $250,000 $62,500 $3,596 6.16%
TULSA, OK (FHA|USDA|VA) 1 $245,000 $245,000 $9,450 7.63%
GREAT FALLS, MT (FHA|USDA|VA) 1 $245,000 $245,000 $9,540 7.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $235,000 $235,000 $4,209 7.13%
Ontario, OR-ID (FHA|USDA|VA) 1 $225,000 $225,000 $12,454 6.50%
FARMINGTON, NM (FHA|USDA|VA) 1 $225,000 $225,000 $16,716 5.75%
Crossville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $4,598 6.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $11,089 5.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,840 7.63%
Salem, OH (FHA|USDA|VA) 3 $215,000 $71,667 $4,036 4.37%
RACINE, WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,756 7.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,339 6.00%
Paris, TX (FHA|USDA|VA) 2 $200,000 $100,000 $6,110 7.63%
Frankfort, KY (FHA|USDA|VA) 1 $195,000 $195,000 $10,316 6.50%
Branson, MO (FHA|USDA|VA) 1 $175,000 $175,000 $6,068 7.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,087 6.13%
West Plains, MO (FHA|USDA|VA) 1 $175,000 $175,000 $6,589 7.13%
YUMA, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $9,425 6.63%
Winfield, KS (FHA|USDA|VA) 1 $165,000 $165,000 $8,088 6.75%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $160,000 $80,000 $5,420 3.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $155,000 $155,000 $8,416 6.50%
WACO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $9,336 5.50%
Outside of Metro Areas 1 $125,000 $125,000 $5,621 7.38%
MUNCIE, IN (FHA|USDA|VA) 2 $110,000 $55,000 $3,466 8.75%
Albertville, AL (FHA|USDA|VA) 1 $105,000 $105,000 $3,899 6.25%
Pacific Residential Mortgage's top markets include Portland, Phoenix, Salt Lake City, Sacramento, and Salem among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,115 $398,395,000 $357,305 $8,407 6.80%
    FHA 443 $165,755,000 $374,165 $15,792 6.70%
    VA 115 $48,375,000 $420,652 $12,487 6.43%
    USDA 7 $2,235,000 $319,286 $11,169 6.54%
    HELOC 1 $675,000 $675,000 n/a 7.63%

    For 2023, Pacific Residential Mortgage's most frequently originated type of loan was Conventional, with 1,115 originations. Their 2nd most popular type was FHA, with 443 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,522 $560,650,000 $368,364 $10,787 6.72%
    Cash Out Refi 90 $26,600,000 $295,556 $9,230 7.07%
    Refi 69 $28,185,000 $408,478 $9,397 6.85%

    For 2023, Pacific Residential Mortgage's most frequently cited loan purpose was Home Purchase, with 1,522 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,626 $608,350,000 $374,139 $10,891 6.72%
    10 Year 22 $250,000 $11,364 $121 9.41%
    15 Year 22 $4,840,000 $220,000 $5,423 6.45%
    20 Year 9 $1,985,000 $220,556 $7,280 6.87%
    Other 2 $10,000 $5,000 $200 0.00%

    For 2023, Pacific Residential Mortgage's most frequently cited loan duration was 30 Year, with 1,626 originations. The 2nd most popular length was 10 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 911 $384,185,000 $421,718
    $<1k 205 $34,175,000 $166,707
    $1k-2k 157 $68,925,000 $439,013
    $3k-4k 145 $46,515,000 $320,793
    $4k-5k 144 $44,080,000 $306,111
    $2k-3k 118 $36,880,000 $312,542

    Pacific Residential Mortgage's average total fees were $10,891, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 911 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 760 $301,840,000 $397,158
    7-8% 646 $228,130,000 $353,142
    5-6% 173 $69,685,000 $402,803
    Over 8% 55 $12,505,000 $227,364
    <2.5% 43 $1,895,000 $44,070
    4-5% 4 $1,380,000 $345,000

    During 2023, Pacific Residential Mortgage's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 760 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 693 $212,145,000 $306,126 $10,558 6.82%
    $400k-600k 513 $245,645,000 $478,840 $13,620 6.85%
    $100,000 or less 158 $4,680,000 $29,620 $1,059 6.25%
    $600k-1MM 155 $107,685,000 $694,742 $14,001 6.83%
    $100k-200k 146 $23,100,000 $158,219 $6,529 6.52%
    $1MM+ 16 $22,180,000 $1,386,250 $18,845 6.62%

    2023 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 693 originations, totaling $212,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 542 $194,370,000 $358,616 $11,302 6.78%
    $150k-250k 390 $179,840,000 $461,128 $11,411 6.82%
    $75k-100k 308 $91,190,000 $296,071 $10,488 6.73%
    $50k-75k 234 $53,500,000 $228,632 $8,585 6.48%
    $250k+ 137 $86,155,000 $628,869 $11,695 7.04%
    $50k or less 70 $10,380,000 $148,286 $6,797 6.45%

    Pacific Residential Mortgage lent most frequently to those with incomes in the $100k-150k range, with 542 originations. The second most popular income band? $150k-250k, with 390 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 215 $82,295,000 $382,767 $10,466 6.74%
    50-60% 187 $69,115,000 $369,599 $14,473 6.69%
    20-30% 178 $63,230,000 $355,225 $9,084 6.87%
    49% 115 $41,885,000 $364,217 $10,775 6.84%
    44% 103 $39,245,000 $381,019 $10,727 6.88%
    46% 89 $33,695,000 $378,596 $11,405 6.88%
    42% 88 $32,470,000 $368,977 $10,017 6.69%
    43% 87 $30,945,000 $355,690 $10,187 6.97%
    47% 82 $28,940,000 $352,927 $11,547 6.72%
    45% 79 $28,365,000 $359,051 $10,947 6.79%
    48% 67 $24,855,000 $370,970 $10,122 6.85%
    41% 63 $23,675,000 $375,794 $10,295 6.62%
    39% 63 $23,905,000 $379,444 $11,127 6.51%
    <20% 61 $12,485,000 $204,672 $5,250 6.11%
    38% 57 $24,315,000 $426,579 $10,578 6.61%
    37% 49 $18,215,000 $371,735 $9,333 6.83%
    36% 49 $18,585,000 $379,286 $9,652 6.76%
    40% 43 $17,555,000 $408,256 $10,606 6.83%
    >60% 6 $1,660,000 $276,667 $7,332 5.79%

    Pacific Residential Mortgage lent most frequently to those with DTI ratios of 30-36%, with 215 originations. The next most common DTI ratio? 50-60%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,311 $469,625,000 $358,219 $10,693 6.80%
    Not provided 209 $83,485,000 $399,450 $10,455 6.60%
    Black 75 $24,085,000 $321,133 $10,696 6.60%
    Asian 51 $23,125,000 $453,431 $9,624 6.47%
    American Indian 18 $6,990,000 $388,333 $11,756 6.60%
    Other Asian 6 $2,970,000 $495,000 $12,998 6.21%
    Native Hawaiian or Islander 6 $1,930,000 $321,667 $10,500 6.02%
    Asian Indian 2 $1,510,000 $755,000 $7,905 7.13%
    Filipino 2 $990,000 $495,000 $12,141 7.25%
    Chinese 1 $725,000 $725,000 $6,272 7.75%

    Approval Rates

    Total approvals of all applications
    96.13%

    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
    59.43%

    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 1,681 $615,435,000 $366,112

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,681 $615,435,000 $366,112

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 87 $22,825,000 $262,356 $6,223 6.13%
    40-60% 145 $49,105,000 $338,655 $8,435 6.89%
    60-80% 352 $144,670,000 $410,994 $10,321 6.97%
    80-100% 935 $385,115,000 $411,888 $12,795 6.79%
    Over 100% 21 $9,795,000 $466,429 $21,285 6.45%
    Under 20% 141 $3,925,000 $27,837 $592 6.18%