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 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 by origination volume include: Portland, Salem, Boise City, Albany, and Cincinnati among others. We have data for 119 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/22/24 |
| 30 Year Conventional Purchase | 6.76% | 4/22/24 |
| 30 Year Conventional Refi | 6.60% | 4/22/24 |
| 30 Year Cash-out Refi | 6.91% | 4/22/24 |
| 30 Year FHA Purchase | 7.62% | 4/22/24 |
| 30 Year FHA Refi | 6.87% | 4/22/24 |
| 30 Year VA Purchase | 6.38% | 4/22/24 |
| 30 Year VA Refi | 6.00% | 4/22/24 |
| 30 Year USDA Purchase | 6.63% | 4/22/24 |
| 15 Year Conventional Purchase | 7.16% | 4/22/24 |
| 15 Year Conventional Refi | 6.19% | 4/22/24 |
| 15 Year Cash-out Refi | 6.19% | 4/22/24 |
| 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
4,037Origination Dollar Volume (All Markets)
$1,292,635,000Top 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) | 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% |
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.
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Product Mix
For 2021, Pacific Residential Mortgage's most frequently originated type of loan was Conventional, with 3,318 originations. Their 2nd most popular type was FHA, with 473 originations.
Loan Reason
For 2021, Pacific Residential Mortgage's most frequently cited loan purpose was Home Purchase, with 2,222 originations. The 2nd most popular reason was Cash Out Refi, with 956 originations.
Loan Duration/Length
For 2021, Pacific Residential Mortgage's most frequently cited loan duration was 30 Year, with 3,685 originations. The 2nd most popular length was 15 Year, with 209 originations.
Origination Fees/Closing Costs
Pacific Residential Mortgage's average total fees were $6,955, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,101 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 for loans was 3.16%, while their most frequently originated rate bucket for loans was 3-4%, with 2,312 originations.
Loan Sizing
2021 saw Pacific Residential Mortgage place emphasis on $200k-400k loans with 2,115 originations, totaling $636,375,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.22%
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 origination72.97%
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
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% |