Pacific Residential Mortgage Rates, Fees & Info

LAKE OSWEGO, OR

LEI: 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, Salem, Denver, Albany, and Medford among others. We have data for 64 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 an average 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.

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% 3/28/24
30 Year Conventional Purchase 6.76% 3/28/24
30 Year Conventional Refi 6.60% 3/28/24
30 Year Cash-out Refi 6.91% 3/28/24
30 Year FHA Purchase 7.62% 3/28/24
30 Year FHA Refi 6.87% 3/28/24
30 Year VA Purchase 6.38% 3/28/24
30 Year VA Refi 6.00% 3/28/24
30 Year USDA Purchase 6.63% 3/28/24
15 Year Conventional Purchase 7.16% 3/28/24
15 Year Conventional Refi 6.19% 3/28/24
15 Year Cash-out Refi 6.19% 3/28/24
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

2,421

Origination Dollar Volume (All Markets)

$620,125,000

Awards

PACIFIC RESIDENTIAL MORTGAGE VA Loans silver PACIFIC RESIDENTIAL MORTGAGE VA Loans silver PACIFIC RESIDENTIAL MORTGAGE USDA Loans gold PACIFIC RESIDENTIAL MORTGAGE USDA Loans bronze
Show all (4) 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
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 954 $276,560,000 $289,895 $7,111 4.82%
SALEM, OR (FHA|USDA|VA) 281 $69,165,000 $246,139 $6,364 4.99%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 217 $59,985,000 $276,429 $5,879 4.93%
Outside of Metro Areas 163 $36,335,000 $222,914 $6,172 4.97%
ALBANY-LEBANON, OR (FHA|USDA|VA) 141 $31,955,000 $226,631 $6,128 4.99%
MEDFORD, OR (FHA|USDA|VA) 124 $30,330,000 $244,597 $6,183 4.98%
BEND, OR (FHA|USDA|VA) 62 $16,090,000 $259,516 $6,765 4.91%
BOISE CITY, ID (FHA|USDA|VA) 59 $12,015,000 $203,644 $5,240 4.92%
PUEBLO, CO (FHA|USDA|VA) 79 $10,655,000 $134,873 $5,611 5.22%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 37 $8,415,000 $227,432 $5,347 4.81%
CORVALLIS, OR (FHA|USDA|VA) 29 $7,995,000 $275,690 $6,413 4.96%
COLORADO SPRINGS, CO (FHA|USDA|VA) 25 $6,015,000 $240,600 $7,043 4.95%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $5,045,000 $201,800 $5,594 5.10%
Ontario, OR-ID (FHA|USDA|VA) 28 $4,150,000 $148,214 $4,892 4.84%
Prineville, OR (FHA|USDA|VA) 16 $4,030,000 $251,875 $7,409 4.94%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $3,935,000 $357,727 $5,766 5.06%
Newport, OR (FHA|USDA|VA) 16 $3,360,000 $210,000 $5,735 5.05%
GRANTS PASS, OR (FHA|USDA|VA) 14 $3,190,000 $227,857 $6,167 4.90%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 18 $3,100,000 $172,222 $4,800 4.79%
GREELEY, CO (FHA|USDA|VA) 9 $2,485,000 $276,111 $7,227 4.81%
LONGVIEW, WA (FHA|USDA|VA) 7 $2,095,000 $299,286 $7,484 4.98%
Cañon City, CO (FHA|USDA|VA) 12 $2,090,000 $174,167 $5,937 4.69%
Astoria, OR (FHA|USDA|VA) 6 $1,870,000 $311,667 $4,729 5.02%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,735,000 $347,000 $7,637 5.13%
FORT COLLINS, CO (FHA|USDA|VA) 6 $1,530,000 $255,000 $5,237 4.58%
Roseburg, OR (FHA|USDA|VA) 8 $1,530,000 $191,250 $6,486 4.77%
Klamath Falls, OR (FHA|USDA|VA) 9 $1,395,000 $155,000 $5,130 4.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,080,000 $270,000 $6,991 4.91%
The Dalles, OR (FHA|USDA|VA) 3 $915,000 $305,000 $5,986 5.38%
Hood River, OR (FHA|USDA|VA) 2 $780,000 $390,000 $9,315 5.06%
BOULDER, CO (FHA|USDA|VA) 2 $770,000 $385,000 $4,023 4.69%
Hermiston-Pendleton, OR (FHA|USDA|VA) 5 $695,000 $139,000 $3,671 5.15%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $650,000 $162,500 $5,482 5.00%
Coos Bay, OR (FHA|USDA|VA) 3 $595,000 $198,333 $5,406 4.71%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $535,000 $535,000 $8,566 5.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $510,000 $255,000 $5,963 4.81%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $465,000 $155,000 $5,347 4.83%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $450,000 $225,000 $7,742 5.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,724 5.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,814 5.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $325,000 $325,000 $4,063 5.13%
Steamboat Springs, CO (FHA|USDA|VA) 2 $290,000 $145,000 $3,418 5.38%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $285,000 $285,000 $5,468 4.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $265,000 $265,000 $5,597 4.63%
La Grande, OR (FHA|USDA|VA) 1 $255,000 $255,000 $8,558 4.88%
Craig, CO (FHA|USDA|VA) 1 $255,000 $255,000 $3,155 5.25%
Show Low, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $3,647 5.13%
Fort Morgan, CO (FHA|USDA|VA) 1 $245,000 $245,000 $3,560 5.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $235,000 $235,000 $6,998 4.38%
Moses Lake, WA (FHA|USDA|VA) 1 $235,000 $235,000 $8,664 5.50%
Hailey, ID (FHA|USDA|VA) 1 $225,000 $225,000 $6,472 4.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $220,000 $110,000 $4,572 5.31%
ABILENE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $13,557 4.13%
Moscow, ID (FHA|USDA|VA) 2 $210,000 $105,000 $2,064 6.38%
Crescent City, CA (FHA|USDA|VA) 1 $185,000 $185,000 $5,403 4.63%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $185,000 $185,000 $6,504 4.38%
Centralia, WA (FHA|USDA|VA) 1 $185,000 $185,000 $2,361 5.50%
TWIN FALLS, ID (FHA|USDA|VA) 1 $185,000 $185,000 $6,892 4.13%
Durango, CO (FHA|USDA|VA) 1 $175,000 $175,000 $7,114 5.75%
EL PASO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,622 4.75%
Mountain Home, ID (FHA|USDA|VA) 1 $105,000 $105,000 $2,938 5.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $3,465 5.63%
YUMA, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $3,940 5.75%
Pullman, WA (FHA|USDA|VA) 1 $75,000 $75,000 $3,299 5.88%
Pacific Residential Mortgage's top markets include Portland, Salem, Denver, Albany, and Medford among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against PACIFIC RESIDENTIAL MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    NAVIGATOR CU
    Similarity Rank: 144
    EAST IDAHO Credit Union
    Similarity Rank: 161
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    SELCO COMMUNITY
    Similarity Rank: 221
    BEEHIVE
    Similarity Rank: 224
    Greenfield Banking Company
    Similarity Rank: 255
    Sno Falls Credit Union
    Similarity Rank: 309
    Bank of Idaho
    Similarity Rank: 315

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,701 $432,145,000 $254,053 $5,267 4.95%
    FHA 496 $124,820,000 $251,653 $10,120 4.84%
    VA 174 $52,730,000 $303,046 $7,229 4.89%
    USDA 50 $10,430,000 $208,600 $8,081 4.40%

    For 2018, Pacific Residential Mortgage's most frequently originated type of loan was Conventional, with 1,701 originations. Their 2nd most popular type was FHA, with 496 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,936 $504,370,000 $260,522 $6,651 4.89%
    Cash Out Refi 368 $89,370,000 $242,853 $6,044 5.06%
    Refi 117 $26,385,000 $225,513 $4,839 4.83%

    For 2018, Pacific Residential Mortgage's most frequently cited loan purpose was Home Purchase, with 1,936 originations. The 2nd most popular reason was Cash Out Refi, with 368 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,311 $600,135,000 $259,686 $6,567 4.92%
    15 Year 49 $10,275,000 $209,694 $5,722 4.37%
    20 Year 38 $9,020,000 $237,368 $4,788 4.61%
    10 Year 20 $290,000 $14,500 $433 6.36%
    Other 3 $405,000 $135,000 $3,350 4.54%

    For 2018, Pacific Residential Mortgage's most frequently cited loan duration was 30 Year, with 2,311 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 925 $244,505,000 $264,330
    $2k-3k 494 $121,510,000 $245,972
    $3k-4k 335 $85,815,000 $256,164
    $5k+ 260 $82,250,000 $316,346
    $4k-5k 223 $60,775,000 $272,534
    $<1k 162 $24,510,000 $151,296

    Pacific Residential Mortgage's average total fees were $6,567, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 925 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,397 $381,155,000 $272,838
    5-6% 821 $212,865,000 $259,275
    3-4% 83 $19,095,000 $230,060
    6-7% 30 $6,150,000 $205,000
    7-8% 2 $10,000 $5,000
    <2.5% 1 $15,000 $15,000

    During 2018, Pacific Residential Mortgage's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 1,397 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,515 $425,615,000 $280,934 $7,002 4.90%
    $100k-200k 499 $79,095,000 $158,507 $5,477 4.91%
    $400k-600k 239 $105,825,000 $442,782 $7,656 4.92%
    $100,000 or less 164 $6,410,000 $39,085 $2,064 5.07%
    $600k-1MM 4 $3,180,000 $795,000 $16,673 4.81%

    2018 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 1,515 originations, totaling $425,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 724 $164,600,000 $227,348 $6,627 4.89%
    $75k-100k 543 $148,975,000 $274,355 $6,745 4.93%
    $100k-150k 481 $149,555,000 $310,925 $6,647 4.95%
    $50k or less 387 $61,025,000 $157,687 $5,551 4.80%
    $150k-250k 210 $69,470,000 $330,810 $6,308 4.97%
    $250k+ 72 $25,380,000 $352,500 $6,991 5.06%

    Pacific Residential Mortgage lent most frequently to those with incomes in the $50k-75k range, with 724 originations. The second most popular income band? $75k-100k, with 543 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 396 $102,770,000 $259,520 $6,263 4.90%
    20-30% 291 $72,145,000 $247,921 $5,850 4.82%
    50-60% 155 $38,635,000 $249,258 $8,818 4.93%
    48% 131 $34,795,000 $265,611 $6,489 4.93%
    49% 130 $33,310,000 $256,231 $6,434 4.92%
    42% 122 $31,750,000 $260,246 $6,556 4.91%
    45% 119 $31,315,000 $263,151 $6,486 4.94%
    44% 115 $30,565,000 $265,783 $6,432 4.95%
    39% 111 $27,415,000 $246,982 $6,105 4.98%
    46% 110 $29,980,000 $272,545 $7,017 5.00%
    43% 105 $28,525,000 $271,667 $6,761 4.96%
    40% 104 $24,540,000 $235,962 $5,839 4.96%
    47% 104 $27,360,000 $263,077 $6,932 4.81%
    37% 90 $22,110,000 $245,667 $5,999 4.94%
    41% 88 $23,630,000 $268,523 $6,785 4.93%
    36% 84 $20,260,000 $241,190 $5,593 4.84%
    <20% 81 $19,635,000 $242,407 $6,215 4.81%
    38% 78 $19,500,000 $250,000 $5,957 5.03%
    >60% 7 $1,885,000 $269,286 $8,466 4.55%

    Pacific Residential Mortgage lent most frequently to those with DTI ratios of 30-36%, with 396 originations. The next most common DTI ratio? 20-30%, with 291 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,204 $561,850,000 $254,923 $6,395 4.91%
    Asian 74 $20,980,000 $283,514 $6,844 4.82%
    Not provided 66 $15,860,000 $240,303 $6,874 4.92%
    Black 34 $9,910,000 $291,471 $8,440 4.96%
    American Indian 20 $5,350,000 $267,500 $7,112 4.73%
    Native Hawaiian or Islander 18 $4,810,000 $267,222 $7,797 4.96%
    Not applicable 5 $1,365,000 $273,000 $8,105 4.88%

    Approval Rates

    Total approvals of all applications
    95.56%

    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
    59.23%

    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 2,421 $620,125,000 $256,144

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 101 $20,055,000 $198,564
    Single Family (1-4 Units):Site-Built 2,320 $600,070,000 $258,651

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 85 $13,915,000 $163,706 $4,750 4.75%
    40-60% 194 $44,360,000 $228,660 $5,143 4.87%
    60-80% 618 $170,330,000 $275,615 $5,745 4.98%
    80-100% 1,374 $375,880,000 $273,566 $7,296 4.90%
    Over 100% 46 $14,050,000 $305,435 $11,211 4.77%
    Under 20% 104 $1,590,000 $15,288 $530 5.04%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Pacific Residential Mortgage VA mortgage Closing on a mortgage 1 100.0%