South Pacific Financial Corporation Mortgage Rates, Fees & Info
Ontario, CALEI: 549300UI36AJZ0WZ4U93
Tax ID: 95-3821253
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Mortgage Data
Review & Overview
South Pacific Financial Corporation is a smaller 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Riverside, Los Angeles, Phoenix, San Diego, and Las Vegas among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)South Pacific Financial Corporation has an 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.49% | 12/17/24 |
| 30 Year Conventional Refi | 6.27% | 12/17/24 |
| 30 Year Cash-out Refi | 6.09% | 12/17/24 |
| 30 Year FHA Purchase | 6.84% | 12/17/24 |
| 30 Year VA Purchase | 5.97% | 12/17/24 |
| 30 Year VA Refi | 6.00% | 12/17/24 |
| 30 Year USDA Purchase | 6.91% | 12/17/24 |
| 15 Year Conventional Purchase | 6.04% | 12/17/24 |
| 15 Year Conventional Refi | 5.76% | 12/17/24 |
| 15 Year Cash-out Refi | 5.76% | 12/17/24 |
| 15 Year VA Purchase | 5.69% | 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. | ||
South Pacific Financial Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,968Origination Dollar Volume (All Markets)
$479,320,000Awards
South Pacific Financial Corporation - 2018
South Pacific Financial Corporation is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 609 | $142,255,000 | $233,588 | $6,618 | 4.77% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 172 | $61,940,000 | $360,116 | $8,757 | 4.86% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 268 | $58,760,000 | $219,254 | $5,288 | 5.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 127 | $42,485,000 | $334,528 | $6,307 | 4.89% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 169 | $36,195,000 | $214,172 | $4,289 | 5.11% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 163 | $35,525,000 | $217,945 | $6,400 | 4.66% |
| RENO, NV (FHA|USDA|VA) | 101 | $26,435,000 | $261,733 | $4,256 | 5.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 76 | $22,870,000 | $300,921 | $7,042 | 5.01% |
| EL CENTRO, CA (FHA|USDA|VA) | 112 | $15,370,000 | $137,232 | $4,983 | 4.60% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $3,785,000 | $420,556 | $8,186 | 4.69% |
| SALEM, OR (FHA|USDA|VA) | 16 | $3,560,000 | $222,500 | $6,876 | 4.97% |
| VALLEJO, CA (FHA|USDA|VA) | 12 | $3,160,000 | $263,333 | $7,198 | 4.25% |
| Fernley, NV (FHA|USDA|VA) | 15 | $2,735,000 | $182,333 | $4,744 | 5.39% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $7,046 | 4.96% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $1,875,000 | $375,000 | $10,754 | 4.68% |
| YUBA CITY, CA (FHA|USDA|VA) | 11 | $1,395,000 | $126,818 | $5,492 | 4.57% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $5,845 | 4.82% |
| Outside of Metro Areas | 13 | $1,235,000 | $95,000 | $4,118 | 5.33% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $3,848 | 4.90% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $7,184 | 5.06% |
| STOCKTON, CA (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $3,946 | 4.03% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,325 | 4.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,323 | 5.44% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,302 | 5.00% |
| Fallon, NV (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,589 | 4.83% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $10,339 | 5.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,031 | 5.29% |
| ST. CLOUD, MN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,759 | 4.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,599 | 4.81% |
| CHICO, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,115 | 5.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,012 | 4.96% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,920 | 4.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,492 | 4.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,145 | 4.75% |
| Payson, AZ (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,539 | 5.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,560 | 5.31% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,066 | 4.31% |
| MERCED, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,049 | 5.56% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,021 | 5.50% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,782 | 4.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,515 | 4.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,034 | 4.38% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,740 | 4.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,596 | 5.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,437 | 4.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,946 | 4.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,503 | 5.25% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $4,180 | 3.81% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,124 | 5.88% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.31% |
| Prineville, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.63% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,260 | 5.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,694 | 4.75% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,876 | 5.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,381 | 4.88% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,046 | 5.38% |
| Astoria, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,685 | 4.25% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,285 | 5.13% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,008 | 4.25% |
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Product Mix
For 2018, South Pacific Financial Corporation's most frequently originated type of loan was Conventional, with 1,418 originations. Their 2nd most popular type was FHA, with 414 originations.
Loan Reason
For 2018, South Pacific Financial Corporation's most frequently cited loan purpose was Home Purchase, with 1,546 originations. The 2nd most popular reason was Cash Out Refi, with 160 originations.
Loan Duration/Length
For 2018, South Pacific Financial Corporation's most frequently cited loan duration was 30 Year, with 1,850 originations. The 2nd most popular length was 3 Year, with 57 originations.
Origination Fees/Closing Costs
South Pacific Financial Corporation's average total fees were $6,317, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 742 originations.
Interest Rates
During 2018, South Pacific Financial Corporation's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 836 originations.
Loan Sizing
2018 saw South Pacific Financial Corporation place emphasis on $200k-400k loans with 966 originations, totaling $277,180,000 in origination value.
Applicant Income
South Pacific Financial Corporation lent most frequently to those with incomes in the $50k-75k range, with 621 originations. The second most popular income band? $75k-100k, with 461 originations.
Applicant Debt to Income Ratio
South Pacific Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 219 originations. The next most common DTI ratio? 44%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.20%
South Pacific Financial Corporation has an average approval rate.
Pick Rate
Approvals leading to origination54.47%
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 |
|---|---|---|---|
| NA | 1,968 | $479,320,000 | $243,557 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 44 | $8,200,000 | $186,364 |
| Single Family (1-4 Units):Site-Built | 1,924 | $471,120,000 | $244,865 |