South Pacific Financial Corporation Mortgage Rates, Fees & Info
Ontario, CALEI: 549300UI36AJZ0WZ4U93
Tax ID: 95-3821253
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Phoenix, Austin, Houston, Orlando, and Sacramento among others. South Pacific Financial Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. South Pacific Financial Corporation is typically a high fee lendor.Originations
9,464Origination Dollar Volume (All Markets)
$3,769,460,000Awards
South Pacific Financial Corporation - 2021
South Pacific Financial Corporation is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
South Pacific Financial Corporation's average 30 year fixed rate mortgage of loans were
2.99%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.16%.
Relative Fees
South Pacific Financial Corporation's average total fees for a 30 year fixed rate
mortgage are $7,608.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1,589 | $595,255,000 | $374,610 | $7,715 | 2.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 815 | $313,745,000 | $384,963 | $7,678 | 2.93% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 779 | $285,255,000 | $366,181 | $8,199 | 2.87% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 733 | $255,295,000 | $348,288 | $7,361 | 2.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 457 | $229,965,000 | $503,206 | $8,108 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 540 | $217,790,000 | $403,315 | $7,501 | 2.86% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 571 | $194,795,000 | $341,147 | $6,696 | 3.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 462 | $189,530,000 | $410,238 | $6,449 | 2.85% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 360 | $168,550,000 | $468,194 | $7,161 | 2.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 412 | $163,450,000 | $396,723 | $6,817 | 2.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 353 | $158,435,000 | $448,824 | $8,911 | 2.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 370 | $142,700,000 | $385,676 | $7,392 | 2.97% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 220 | $136,870,000 | $622,136 | $9,520 | 3.18% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 248 | $97,890,000 | $394,718 | $8,224 | 3.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 121 | $71,745,000 | $592,934 | $9,606 | 2.95% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 201 | $69,385,000 | $345,199 | $5,258 | 2.98% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 125 | $68,875,000 | $551,000 | $7,830 | 3.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 168 | $65,400,000 | $389,286 | $6,550 | 2.94% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 140 | $51,610,000 | $368,643 | $6,591 | 3.09% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 165 | $46,785,000 | $283,545 | $7,076 | 2.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 120 | $32,450,000 | $270,417 | $7,607 | 3.07% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 87 | $27,515,000 | $316,264 | $4,803 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 57 | $26,605,000 | $466,754 | $7,035 | 3.01% |
| STOCKTON, CA (FHA|USDA|VA) | 49 | $22,125,000 | $451,531 | $8,422 | 2.98% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 45 | $21,215,000 | $471,444 | $7,716 | 3.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 17 | $18,475,000 | $1,086,765 | $9,809 | 2.78% |
| FORT COLLINS, CO (FHA|USDA|VA) | 40 | $16,710,000 | $417,750 | $5,955 | 2.96% |
| BOULDER, CO (FHA|USDA|VA) | 33 | $16,695,000 | $505,909 | $5,182 | 3.01% |
| Pahrump, NV (FHA|USDA|VA) | 60 | $16,480,000 | $274,667 | $7,202 | 3.04% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 39 | $12,995,000 | $333,205 | $6,938 | 2.91% |
| NAPA, CA (FHA|USDA|VA) | 22 | $12,240,000 | $556,364 | $8,156 | 3.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 27 | $7,925,000 | $293,519 | $6,613 | 2.93% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $7,200,000 | $514,286 | $10,888 | 3.04% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 18 | $5,680,000 | $315,556 | $7,788 | 2.86% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $6,664 | 2.79% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,095 | 2.94% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,557 | 3.50% |
| Elko, NV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,020 | 3.00% |
South Pacific Financial Corporation's top markets include Phoenix, Austin, Houston, Orlando, and Sacramento among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 7,842 | $3,135,690,000 | $399,858 | $6,717 | 3.02% |
| FHA | 849 | $300,675,000 | $354,152 | $11,721 | 2.74% |
| VA | 768 | $331,660,000 | $431,849 | $10,988 | 2.63% |
| USDA | 5 | $1,435,000 | $287,000 | $7,821 | 2.85% |
For the 2021 period, South Pacific Financial Corporation's most frequently originated loan type of loans were Conventional, with 7,842 originations. Their 2nd most popular type is FHA, with 849 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 9,403 | $3,745,535,000 | $398,334 | $7,531 | 2.96% |
| Refi | 52 | $20,420,000 | $392,692 | $4,684 | 2.81% |
| Cash Out Refi | 9 | $3,505,000 | $389,444 | $4,852 | 3.24% |
For the 2021, South Pacific Financial Corporation's most frequently cited loan purpose of loans were Home Purchase, with 9,403 originations. The 2nd most popular reason of loans were Refi, with 52 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 8,808 | $3,554,760,000 | $403,583 | $7,608 | 2.99% |
| 15 Year | 513 | $168,515,000 | $328,489 | $6,268 | 2.52% |
| 20 Year | 117 | $39,905,000 | $341,068 | $6,392 | 2.76% |
| 10 Year | 22 | $4,630,000 | $210,455 | $4,568 | 2.53% |
| Other | 4 | $1,650,000 | $412,500 | $8,055 | 2.69% |
For the 2021, South Pacific Financial Corporation's most frequently cited loan length of loans were 30 Year, with 8,808 originations. The 2nd most popular length of loans were 15 Year, with 513 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 4,398 | $1,664,020,000 | $378,358 |
| $2k-3k | 2,479 | $1,031,935,000 | $416,271 |
| $3k-4k | 1,292 | $540,760,000 | $418,545 |
| $5k+ | 1,037 | $482,935,000 | $465,704 |
| $<1k | 257 | $49,535,000 | $192,743 |
$7,608 of loans were South Pacific Financial Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 4,398 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 4,559 | $1,829,185,000 | $401,225 |
| 3-4% | 3,467 | $1,388,175,000 | $400,397 |
| <2.5% | 1,327 | $510,815,000 | $384,940 |
| 4-5% | 111 | $41,285,000 | $371,937 |
During 2021, South Pacific Financial Corporation's average interest rate of loans were 2.99%, while their most frequently originated rate bucket of loans were 2.5-3%, with 4,559 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 4,540 | $1,432,480,000 | $315,524 | $7,101 | 2.94% |
| $400k-600k | 3,892 | $1,886,670,000 | $484,756 | $8,059 | 2.95% |
| $600k-1MM | 493 | $339,225,000 | $688,083 | $9,996 | 3.10% |
| $100k-200k | 455 | $71,525,000 | $157,198 | $4,569 | 3.09% |
| $100,000 or less | 55 | $4,125,000 | $75,000 | $2,882 | 3.20% |
| $1MM+ | 29 | $35,435,000 | $1,221,897 | $11,642 | 2.93% |
2021 saw South Pacific Financial Corporation place emphasis on $200k-400k loans with 4,540 originations, totaling $1,432,480,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 3,240 | $1,333,480,000 | $411,568 | $7,583 | 2.95% |
| $150k-250k | 2,411 | $1,104,865,000 | $458,260 | $7,610 | 3.00% |
| $75k-100k | 1,703 | $593,075,000 | $348,253 | $7,431 | 2.93% |
| $50k-75k | 1,207 | $347,795,000 | $288,148 | $7,355 | 2.91% |
| $250k+ | 691 | $342,635,000 | $495,854 | $7,801 | 3.03% |
| $50k or less | 199 | $42,085,000 | $211,482 | $6,080 | 3.02% |
South Pacific Financial Corporation lent most frequently to those with incomes in the $100k-150k range, with 3,240 originations. The second most popular income band? $150k-250k, with 2,411 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,958 | $775,990,000 | $396,318 | $7,006 | 2.94% |
| 30-36% | 1,867 | $765,255,000 | $409,885 | $7,295 | 2.97% |
| <20% | 612 | $215,080,000 | $351,438 | $6,472 | 2.92% |
| 50-60% | 492 | $188,900,000 | $383,943 | $11,486 | 2.75% |
| 42% | 399 | $165,495,000 | $414,774 | $7,204 | 3.01% |
| 39% | 364 | $149,930,000 | $411,896 | $7,182 | 2.99% |
| 43% | 360 | $146,640,000 | $407,333 | $7,757 | 3.02% |
| 41% | 357 | $144,825,000 | $405,672 | $7,415 | 3.01% |
| 40% | 348 | $143,560,000 | $412,529 | $7,334 | 3.01% |
| 37% | 336 | $138,240,000 | $411,429 | $7,436 | 2.96% |
| 44% | 325 | $129,285,000 | $397,800 | $7,430 | 3.01% |
| 36% | 323 | $129,535,000 | $401,037 | $7,212 | 2.97% |
| 45% | 316 | $126,450,000 | $400,158 | $7,638 | 3.00% |
| 38% | 304 | $123,740,000 | $407,039 | $7,287 | 3.02% |
| 47% | 287 | $110,105,000 | $383,641 | $8,057 | 3.00% |
| 49% | 275 | $106,475,000 | $387,182 | $7,905 | 2.96% |
| 46% | 267 | $103,835,000 | $388,895 | $7,961 | 3.00% |
| 48% | 251 | $95,115,000 | $378,944 | $7,800 | 2.98% |
| >60% | 23 | $11,005,000 | $478,478 | $10,365 | 2.79% |
South Pacific Financial Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,958 originations. The next most common DTI ratio? 30-36%, with 1,867 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 5,112 | $1,930,220,000 | $377,586 | $7,240 | 2.97% |
| Asian | 2,071 | $940,355,000 | $454,058 | $7,617 | 2.96% |
| Not provided | 1,230 | $483,440,000 | $393,041 | $7,844 | 2.93% |
| Black | 887 | $347,265,000 | $391,505 | $8,260 | 2.93% |
| American Indian | 67 | $25,435,000 | $379,627 | $8,384 | 2.92% |
| Asian Indian | 28 | $13,340,000 | $476,429 | $7,725 | 3.04% |
| Filipino | 27 | $12,725,000 | $471,296 | $8,724 | 3.04% |
| Native Hawaiian | 21 | $8,255,000 | $393,095 | $8,584 | 2.96% |
| Vietnamese | 7 | $2,805,000 | $400,714 | $7,242 | 3.00% |
| Other Asian | 6 | $2,570,000 | $428,333 | $6,085 | 3.23% |
| Chinese | 6 | $2,220,000 | $370,000 | $8,833 | 3.00% |
| Korean | 2 | $830,000 | $415,000 | $5,984 | 2.75% |
Approval Rates
Total approvals of all applications93.75%
South Pacific Financial Corporation has an average approval rate.
Pick Rate
Approvals leading to origination73.56%
South Pacific Financial Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,464 | $3,769,460,000 | $398,295 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 9,464 | $3,769,460,000 | $398,295 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 325 | $57,745,000 | $177,677 | $4,682 | 3.01% |
| 40-60% | 797 | $239,455,000 | $300,445 | $6,305 | 2.93% |
| 60-80% | 2,729 | $1,128,085,000 | $413,369 | $7,206 | 3.01% |
| 80-100% | 5,360 | $2,249,160,000 | $419,619 | $7,621 | 2.95% |
| Over 100% | 200 | $90,060,000 | $450,300 | $19,446 | 2.64% |
| Under 20% | 53 | $4,955,000 | $93,491 | $2,911 | 3.13% |
