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 small mortgage company specializing in Home Purchase and 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 by origination volume include: Portland, Salem, Albany, Medford, and Boise City among others. We have data for 104 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/17/24 |
| 30 Year Conventional Purchase | 6.76% | 12/17/24 |
| 30 Year Conventional Refi | 6.60% | 12/17/24 |
| 30 Year Cash-out Refi | 6.91% | 12/17/24 |
| 30 Year FHA Purchase | 7.62% | 12/17/24 |
| 30 Year FHA Refi | 6.87% | 12/17/24 |
| 30 Year VA Purchase | 6.38% | 12/17/24 |
| 30 Year VA Refi | 6.00% | 12/17/24 |
| 30 Year USDA Purchase | 6.63% | 12/17/24 |
| 15 Year Conventional Purchase | 7.16% | 12/17/24 |
| 15 Year Conventional Refi | 6.19% | 12/17/24 |
| 15 Year Cash-out Refi | 6.19% | 12/17/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,261Origination Dollar Volume (All Markets)
$1,261,475,000Awards
PACIFIC RESIDENTIAL MORTGAGE - 2020
PACIFIC RESIDENTIAL MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 2,158 | $719,550,000 | $333,434 | $6,713 | 3.19% |
| SALEM, OR (FHA|USDA|VA) | 430 | $122,000,000 | $283,721 | $7,040 | 3.35% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 250 | $64,350,000 | $257,400 | $7,087 | 3.33% |
| MEDFORD, OR (FHA|USDA|VA) | 203 | $54,925,000 | $270,567 | $6,708 | 3.27% |
| BOISE CITY, ID (FHA|USDA|VA) | 129 | $32,945,000 | $255,388 | $6,061 | 3.12% |
| Outside of Metro Areas | 132 | $32,450,000 | $245,833 | $6,087 | 3.16% |
| Bozeman, MT (FHA|USDA|VA) | 89 | $26,465,000 | $297,360 | $5,991 | 3.06% |
| BEND, OR (FHA|USDA|VA) | 76 | $22,830,000 | $300,395 | $6,731 | 3.42% |
| CORVALLIS, OR (FHA|USDA|VA) | 68 | $21,520,000 | $316,471 | $6,565 | 3.19% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 124 | $19,990,000 | $161,210 | $4,295 | 2.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 60 | $15,560,000 | $259,333 | $5,252 | 3.34% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 53 | $14,035,000 | $264,811 | $6,514 | 3.09% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 49 | $9,485,000 | $193,571 | $3,496 | 3.12% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 19 | $7,815,000 | $411,316 | $6,636 | 3.12% |
| MOBILE, AL (FHA|USDA|VA) | 57 | $7,445,000 | $130,614 | $4,753 | 3.23% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 29 | $6,655,000 | $229,483 | $5,510 | 3.03% |
| Newport, OR (FHA|USDA|VA) | 21 | $5,415,000 | $257,857 | $5,948 | 3.42% |
| Astoria, OR (FHA|USDA|VA) | 15 | $5,375,000 | $358,333 | $7,307 | 3.37% |
| LONGVIEW, WA (FHA|USDA|VA) | 21 | $4,605,000 | $219,286 | $6,040 | 2.20% |
| Ontario, OR-ID (FHA|USDA|VA) | 23 | $4,525,000 | $196,739 | $5,700 | 3.39% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $4,420,000 | $315,714 | $5,426 | 3.95% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 22 | $4,300,000 | $195,455 | $5,631 | 2.90% |
| GRANTS PASS, OR (FHA|USDA|VA) | 12 | $2,910,000 | $242,500 | $6,366 | 3.27% |
| Prineville, OR (FHA|USDA|VA) | 12 | $2,770,000 | $230,833 | $6,363 | 3.37% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $2,680,000 | $335,000 | $5,781 | 3.12% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $2,610,000 | $326,250 | $6,992 | 3.56% |
| Outside of Metro Areas | 8 | $2,420,000 | $302,500 | $9,126 | 3.47% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $9,009 | 3.15% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $5,967 | 2.83% |
| Blackfoot, ID (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $7,421 | 2.78% |
| Klamath Falls, OR (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $4,488 | 3.37% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $5,847 | 3.72% |
| COLUMBUS, OH (FHA|USDA|VA) | 8 | $1,150,000 | $143,750 | $4,894 | 2.86% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $4,720 | 3.10% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $5,303 | 3.25% |
| The Dalles, OR (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $8,615 | 2.87% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,845 | 3.33% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $4,806 | 2.84% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $6,636 | 3.08% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $4,520 | 3.83% |
| La Grande, OR (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,652 | 3.33% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $5,201 | 3.28% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $7,739 | 3.58% |
| Roseburg, OR (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $5,608 | 3.47% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,878 | 3.31% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,404 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,112 | 3.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,572 | 2.81% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $11,141 | 3.00% |
| Brookings, OR (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $9,446 | 2.81% |
| POCATELLO, ID (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,724 | 2.69% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,507 | 2.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,346 | 3.69% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,260 | 3.44% |
| Coos Bay, OR (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,511 | 3.42% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,789 | 2.96% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,541 | 2.94% |
| Centralia, WA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,284 | 3.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $9,298 | 3.50% |
| Cullman, AL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,411 | 3.50% |
| Helena, MT (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,883 | 3.29% |
| MISSOULA, MT (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,217 | 3.06% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,427 | 3.12% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,035 | 3.00% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,227 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,848 | 3.63% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,145 | 3.13% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,900 | 2.99% |
| Hood River, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,009 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,447 | 3.38% |
| Moscow, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,532 | 3.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,191 | 3.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,788 | 3.37% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,481 | 3.25% |
| Greensburg, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,781 | 3.31% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,710 | 3.56% |
| TWIN FALLS, ID (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $3,368 | 3.16% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,997 | 3.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,976 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,043 | 3.63% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,889 | 3.38% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,892 | 3.25% |
| Rexburg, ID (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,042 | 3.94% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,870 | 4.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,336 | 2.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,234 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,547 | 3.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,781 | 3.88% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,702 | 3.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,276 | 3.00% |
| Salem, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,302 | 3.63% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,544 | 2.31% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,563 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,852 | 2.75% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,479 | 3.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,560 | 3.75% |
| Richmond, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,399 | 3.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,049 | 2.88% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,645 | 3.25% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,184 | 3.38% |
| Ozark, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,800 | 3.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,215 | 2.88% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,778 | 2.75% |
| Connersville, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,959 | 3.50% |
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Product Mix
For 2020, Pacific Residential Mortgage's most frequently originated type of loan was Conventional, with 3,555 originations. Their 2nd most popular type was FHA, with 388 originations.
Loan Reason
For 2020, Pacific Residential Mortgage's most frequently cited loan purpose was Home Purchase, with 1,810 originations. The 2nd most popular reason was Refi, with 1,619 originations.
Loan Duration/Length
For 2020, Pacific Residential Mortgage's most frequently cited loan duration was 30 Year, with 3,920 originations. The 2nd most popular length was 15 Year, with 208 originations.
Origination Fees/Closing Costs
Pacific Residential Mortgage's average total fees were $6,583, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 999 originations.
Interest Rates
During 2020, Pacific Residential Mortgage's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 2,158 originations.
Loan Sizing
2020 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 2,577 originations, totaling $755,245,000 in origination value.
Applicant Income
Pacific Residential Mortgage lent most frequently to those with incomes in the $50k-75k range, with 1,017 originations. The second most popular income band? $100k-150k, with 1,003 originations.
Applicant Debt to Income Ratio
Pacific Residential Mortgage lent most frequently to those with DTI ratios of 20-30%, with 955 originations. The next most common DTI ratio? 30-36%, with 807 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.32%
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 origination82.68%
Pacific Residential Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,261 | $1,261,475,000 | $296,051 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 113 | $25,895,000 | $229,159 |
| Single Family (1-4 Units):Site-Built | 4,148 | $1,235,580,000 | $297,874 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pacific Mortgage Planning LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |