South Pacific Financial Corporation Mortgage Rates, Fees & InfoOntario, CA
Tax ID: 95-3821253
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSouth Pacific Financial Corporation is a mid-sized mortgage company specializing in Home Purchase loans. South Pacific Financial Corporation 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: Phoenix, Austin, Houston, Dallas, and Orlando among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)
South Pacific Financial Corporation 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. South Pacific Financial Corporation 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 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.49%||12/1/23|
|30 Year Conventional Refi||6.27%||12/1/23|
|30 Year Cash-out Refi||6.09%||12/1/23|
|30 Year FHA Purchase||6.84%||12/1/23|
|30 Year VA Purchase||5.97%||12/1/23|
|30 Year VA Refi||6.00%||12/1/23|
|30 Year USDA Purchase||6.91%||12/1/23|
|15 Year Conventional Purchase||6.04%||12/1/23|
|15 Year Conventional Refi||5.76%||12/1/23|
|15 Year Cash-out Refi||5.76%||12/1/23|
|15 Year VA Purchase||5.69%||12/1/23|
|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.|
South Pacific Financial Corporation Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from South Pacific Financial Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$3,089,500,000
South Pacific Financial Corporation - 2022
South Pacific Financial Corporation is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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South Pacific Financial Corporation's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.17%.
Relative Fees (Closing Costs)
South Pacific Financial Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,104.
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 $4,750.
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|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1,087||$466,675,000||$429,324||$11,433||4.92%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||750||$343,120,000||$457,493||$11,768||4.96%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||639||$257,955,000||$403,685||$10,694||4.82%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||438||$211,500,000||$482,877||$11,948||4.80%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||509||$193,635,000||$380,422||$10,310||5.16%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||304||$157,240,000||$517,237||$11,369||4.86%|
|CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)||327||$156,465,000||$478,486||$9,195||4.98%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||411||$154,055,000||$374,830||$9,723||5.07%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||241||$130,485,000||$541,432||$12,197||4.72%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||281||$129,115,000||$459,484||$10,864||4.72%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||230||$114,380,000||$497,304||$9,348||4.78%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||232||$112,230,000||$483,750||$13,238||4.72%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||229||$97,655,000||$426,441||$10,309||4.91%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||191||$91,795,000||$480,602||$10,447||4.77%|
|RALEIGH-CARY, NC (FHA|USDA|VA)||180||$82,320,000||$457,333||$8,890||4.85%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||114||$70,040,000||$614,386||$13,817||4.68%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||83||$50,905,000||$613,313||$15,112||4.54%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||115||$35,965,000||$312,739||$7,885||5.20%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||82||$34,800,000||$424,390||$8,986||4.70%|
|VALLEJO, CA (FHA|USDA|VA)||57||$33,205,000||$582,544||$13,945||4.96%|
|JACKSONVILLE, FL (FHA|USDA|VA)||90||$27,940,000||$310,444||$9,121||5.20%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||37||$27,785,000||$750,946||$13,334||4.13%|
|STOCKTON, CA (FHA|USDA|VA)||43||$19,145,000||$445,233||$11,557||4.77%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||42||$17,130,000||$407,857||$8,617||5.09%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||27||$16,455,000||$609,444||$9,375||5.04%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||28||$16,180,000||$577,857||$10,328||5.12%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||11||$11,145,000||$1,013,182||$24,758||4.74%|
|Pahrump, NV (FHA|USDA|VA)||36||$9,950,000||$276,389||$7,882||4.30%|
|BOULDER, CO (FHA|USDA|VA)||11||$6,325,000||$575,000||$6,734||4.66%|
|DURHAM-CHAPEL HILL, NC (FHA|USDA|VA)||14||$5,700,000||$407,143||$8,121||3.92%|
|NAPA, CA (FHA|USDA|VA)||6||$4,250,000||$708,333||$17,181||3.44%|
|FORT COLLINS, CO (FHA|USDA|VA)||8||$3,560,000||$445,000||$6,511||3.84%|
|OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA)||1||$395,000||$395,000||$11,760||4.13%|
We use machine learning to identify the top lenders compared against South Pacific Financial Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, South Pacific Financial Corporation's most frequently originated type of loan was Conventional, with 5,675 originations. Their 2nd most popular type was VA, with 632 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||4||$1,950,000||$487,500||$10,053||4.41%|
For 2022, South Pacific Financial Corporation's most frequently cited loan purpose was Home Purchase, with 6,848 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
For 2022, South Pacific Financial Corporation's most frequently cited loan duration was 30 Year, with 6,454 originations. The 2nd most popular length was 15 Year, with 331 originations.
Origination Fees/Closing Costs
South Pacific Financial Corporation's average total fees were $11,104, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 3,181 originations.
During 2022, South Pacific Financial Corporation's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 5-6%, with 2,292 originations.
2022 saw South Pacific Financial Corporation place emphasis on $400k-600k loans with 3,157 originations, totaling $1,542,995,000 in origination value.
South Pacific Financial Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,386 originations. The second most popular income band? $150k-250k, with 2,263 originations.
Applicant Debt to Income Ratio
South Pacific Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,203 originations. The next most common DTI ratio? 20-30%, with 1,094 originations.
Approval RatesTotal approvals of all applications
South Pacific Financial Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
South Pacific Financial Corporation 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|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|