Pacific Residential Mortgage Rates, Fees & Info
LAKE OSWEGO, ORLEI: 549300TUQC6OYE8A0Y96
Tax ID: 11-3714032
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Mortgage 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
4,037Origination Dollar Volume (All Markets)
$1,292,635,000Relative 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 applications96.97%
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 origination72.14%
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% |
