South Pacific Financial Corporation Mortgage Rates, Fees & Info

Ontario, CA

LEI: 549300UI36AJZ0WZ4U93

Tax ID: 95-3821253

5 stars - Updated: 11/11/24 - out of 5 stars, based on 86 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    South 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, North Port, and Dallas 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 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 relatively high 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
    30 Year Conventional Purchase 6.49% 11/11/24
    30 Year Conventional Refi 6.27% 11/11/24
    30 Year Cash-out Refi 6.09% 11/11/24
    30 Year FHA Purchase 6.84% 11/11/24
    30 Year VA Purchase 5.97% 11/11/24
    30 Year VA Refi 6.00% 11/11/24
    30 Year USDA Purchase 6.91% 11/11/24
    15 Year Conventional Purchase 6.04% 11/11/24
    15 Year Conventional Refi 5.76% 11/11/24
    15 Year Cash-out Refi 5.76% 11/11/24
    15 Year VA Purchase 5.69% 11/11/24
    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.

    South Pacific Financial Corporation Mortgage Calculator






    Your Estimates

    Estimated 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™ 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

    7,368

    Origination Dollar Volume (All Markets)

    $3,447,320,000
    Show all (80) awards

    Relative Rate

    South Pacific Financial Corporation's average 30 year fixed mortgage rate was 6.04%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.44%.

    Relative Fees (Closing Costs)

    South Pacific Financial Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,281.

    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 $9,089.

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,223 $560,585,000 $458,369 $9,857 5.90%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 983 $477,605,000 $485,865 $10,087 5.93%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 658 $291,430,000 $442,903 $7,890 5.55%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 557 $221,985,000 $398,537 $7,636 6.23%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 411 $217,905,000 $530,182 $8,604 6.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 425 $217,195,000 $511,047 $9,995 5.85%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 389 $181,265,000 $465,977 $5,957 6.34%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 444 $167,950,000 $378,266 $8,994 5.77%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 254 $130,870,000 $515,236 $8,383 6.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 242 $126,190,000 $521,446 $7,160 6.48%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 273 $119,745,000 $438,626 $7,876 6.53%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 194 $98,770,000 $509,124 $5,123 5.91%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 203 $96,295,000 $474,360 $6,819 5.78%
    RALEIGH-CARY, NC (FHA|USDA|VA) 201 $95,345,000 $474,353 $4,524 6.13%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 177 $94,535,000 $534,096 $5,689 6.15%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 97 $61,245,000 $631,392 $5,279 6.22%
    VALLEJO, CA (FHA|USDA|VA) 78 $43,480,000 $557,436 $8,922 6.27%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 70 $39,700,000 $567,143 $6,338 6.60%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 53 $37,575,000 $708,962 $8,203 6.08%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 106 $31,540,000 $297,547 $6,137 5.87%
    STOCKTON, CA (FHA|USDA|VA) 41 $22,135,000 $539,878 $6,692 6.89%
    JACKSONVILLE, FL (FHA|USDA|VA) 70 $21,930,000 $313,286 $7,377 5.74%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 44 $20,060,000 $455,909 $6,826 6.81%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 40 $16,810,000 $420,250 $6,002 6.06%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 32 $13,890,000 $434,063 $8,638 6.51%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 12 $12,290,000 $1,024,167 $8,176 5.45%
    Pahrump, NV (FHA|USDA|VA) 43 $11,145,000 $259,186 $4,308 6.05%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 22 $6,340,000 $288,182 $5,740 5.93%
    BOULDER, CO (FHA|USDA|VA) 9 $4,825,000 $536,111 $7,210 6.23%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $4,025,000 $447,222 $5,483 6.64%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $16,393 4.93%
    Sanford, NC (FHA|USDA|VA) 3 $965,000 $321,667 $2,434 6.24%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $605,000 $201,667 $4,836 7.12%
    South Pacific Financial Corporation's top markets include Phoenix, Austin, Houston, North Port, and Dallas among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    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.

    MISSION
    Similarity Rank: 93
    SCIENT Federal Credit Union
    Similarity Rank: 110
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 196
    CALIFORNIA CREDIT UNION
    Similarity Rank: 208
    INROADS
    Similarity Rank: 238
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 276
    Yakima Federal Savings and Loan Association
    Similarity Rank: 295
    ALTURA
    Similarity Rank: 304
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,817 $2,741,215,000 $471,242 $7,228 6.12%
    FHA 1,015 $431,025,000 $424,655 $12,595 5.64%
    VA 535 $274,735,000 $513,523 $11,028 5.61%
    USDA 1 $345,000 $345,000 $7,986 6.50%

    For 2023, South Pacific Financial Corporation's most frequently originated type of loan was Conventional, with 5,817 originations. Their 2nd most popular type was FHA, with 1,015 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,364 $3,444,840,000 $467,795 $8,245 6.02%
    Refi 4 $2,480,000 $620,000 $6,646 5.12%

    For 2023, South Pacific Financial Corporation's most frequently cited loan purpose was Home Purchase, with 7,364 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,099 $3,341,865,000 $470,752 $8,281 6.04%
    15 Year 245 $96,245,000 $392,837 $7,398 5.43%
    20 Year 15 $6,385,000 $425,667 $5,670 6.11%
    10 Year 8 $2,500,000 $312,500 $5,564 5.53%
    Other 1 $325,000 $325,000 $10,725 6.50%

    For 2023, South Pacific Financial Corporation's most frequently cited loan duration was 30 Year, with 7,099 originations. The 2nd most popular length was 15 Year, with 245 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,690 $2,114,540,000 $450,861
    $5k+ 1,592 $835,130,000 $524,579
    $1k-2k 441 $208,165,000 $472,029
    $2k-3k 251 $114,845,000 $457,550
    $3k-4k 235 $105,495,000 $448,915
    $4k-5k 159 $69,145,000 $434,874

    South Pacific Financial Corporation's average total fees were $8,281, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,690 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 3,421 $1,610,895,000 $470,884
    6-7% 1,913 $918,695,000 $480,238
    4-5% 1,017 $439,285,000 $431,942
    7-8% 926 $438,460,000 $473,499
    Over 8% 87 $37,995,000 $436,724
    3-4% 4 $1,990,000 $497,500

    During 2023, South Pacific Financial Corporation's average interest rate for loans was 6.04%, while their most frequently originated rate bucket for loans was 5-6%, with 3,421 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 3,252 $1,602,060,000 $492,638 $8,687 6.01%
    $200k-400k 2,341 $744,275,000 $317,930 $6,400 5.95%
    $600k-1MM 1,451 $999,265,000 $688,673 $10,871 6.15%
    $100k-200k 245 $37,035,000 $151,163 $3,212 6.11%
    $1MM+ 53 $62,555,000 $1,180,283 $16,656 6.07%
    $100,000 or less 26 $2,130,000 $81,923 $2,507 6.18%

    2023 saw South Pacific Financial Corporation place emphasis on $400k-600k loans with 3,252 originations, totaling $1,602,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2,676 $1,366,500,000 $510,650 $8,653 6.12%
    $100k-150k 2,376 $1,035,490,000 $435,812 $8,139 5.91%
    $250k+ 1,179 $688,715,000 $584,152 $8,580 6.30%
    $75k-100k 744 $254,990,000 $342,728 $7,703 5.75%
    $50k-75k 352 $94,850,000 $269,460 $6,380 5.69%
    $50k or less 41 $6,775,000 $165,244 $3,722 5.71%

    South Pacific Financial Corporation lent most frequently to those with incomes in the $150k-250k range, with 2,676 originations. The second most popular income band? $100k-150k, with 2,376 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,125 $526,945,000 $468,396 $7,911 6.05%
    20-30% 1,031 $450,775,000 $437,221 $7,203 6.02%
    50-60% 626 $288,430,000 $460,751 $11,526 5.70%
    49% 448 $209,440,000 $467,500 $7,940 6.10%
    48% 338 $156,520,000 $463,077 $8,585 6.06%
    47% 325 $152,845,000 $470,292 $8,562 6.06%
    45% 318 $152,760,000 $480,377 $8,211 6.06%
    46% 317 $148,595,000 $468,754 $8,315 6.11%
    43% 314 $148,970,000 $474,427 $8,589 5.99%
    42% 302 $157,160,000 $520,397 $8,771 6.01%
    39% 297 $146,005,000 $491,599 $8,116 6.03%
    40% 293 $147,755,000 $504,283 $7,935 6.04%
    41% 290 $146,490,000 $505,138 $8,449 6.10%
    <20% 287 $100,135,000 $348,902 $5,642 5.96%
    44% 281 $134,025,000 $476,957 $7,633 6.18%
    38% 261 $129,595,000 $496,533 $8,607 6.01%
    36% 244 $118,100,000 $484,016 $8,040 6.06%
    37% 234 $112,750,000 $481,838 $7,665 6.07%
    >60% 37 $20,025,000 $541,216 $11,165 5.83%

    South Pacific Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,125 originations. The next most common DTI ratio? 20-30%, with 1,031 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,391 $1,485,185,000 $437,978 $8,169 5.97%
    Asian 2,409 $1,238,715,000 $514,203 $8,135 6.15%
    Not provided 832 $374,680,000 $450,337 $8,097 5.96%
    Black 547 $256,955,000 $469,753 $9,520 5.84%
    Asian Indian 72 $39,540,000 $549,167 $8,201 6.27%
    American Indian 57 $24,155,000 $423,772 $7,761 5.82%
    Filipino 17 $7,835,000 $460,882 $10,660 5.96%
    Native Hawaiian or Islander 12 $5,790,000 $482,500 $7,911 6.10%
    Other Asian 10 $4,110,000 $411,000 $6,276 5.48%
    Chinese 9 $4,065,000 $451,667 $4,495 6.65%
    Vietnamese 7 $3,505,000 $500,714 $7,686 5.87%
    Korean 3 $1,815,000 $605,000 $5,275 6.54%
    Guamanian 1 $625,000 $625,000 $2,748 6.13%
    Other Pacific Islander 1 $345,000 $345,000 $11,646 4.50%

    Approval Rates

    Total approvals of all applications
    93.66%

    South Pacific Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.91%

    South Pacific Financial Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,368 $3,447,320,000 $467,877

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,368 $3,447,320,000 $467,877

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 425 $96,415,000 $226,859 $4,485 6.00%
    40-60% 700 $255,390,000 $364,843 $6,186 5.99%
    60-80% 2,093 $1,027,565,000 $490,953 $7,842 6.14%
    80-100% 4,015 $2,017,075,000 $502,385 $9,020 5.97%
    Over 100% 81 $43,765,000 $540,309 $21,164 5.64%
    Under 20% 54 $7,110,000 $131,667 $2,936 6.18%