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.) 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, Las Vegas, and San Diego among others. We have data for 65 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 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
3,117Origination Dollar Volume (All Markets)
$909,355,000Awards
South Pacific Financial Corporation - 2019
South Pacific Financial Corporation is a 2019 , due to their low .
For 2019, 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) | 666 | $166,760,000 | $250,390 | $6,842 | 3.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 300 | $125,700,000 | $419,000 | $8,991 | 3.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 363 | $96,725,000 | $266,460 | $6,290 | 3.94% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 290 | $77,250,000 | $266,379 | $5,236 | 4.12% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 180 | $70,960,000 | $394,222 | $6,171 | 4.03% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 100 | $52,400,000 | $524,000 | $6,500 | 3.70% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 202 | $51,080,000 | $252,871 | $7,149 | 3.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 133 | $42,565,000 | $320,038 | $5,577 | 4.02% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 110 | $42,340,000 | $384,909 | $7,698 | 3.77% |
| RENO, NV (FHA|USDA|VA) | 124 | $32,880,000 | $265,161 | $4,415 | 4.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 131 | $25,555,000 | $195,076 | $6,275 | 3.35% |
| EL CENTRO, CA (FHA|USDA|VA) | 142 | $19,000,000 | $133,803 | $5,289 | 3.22% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 38 | $18,140,000 | $477,368 | $10,092 | 3.65% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 54 | $12,780,000 | $236,667 | $7,473 | 3.79% |
| FORT COLLINS, CO (FHA|USDA|VA) | 32 | $12,050,000 | $376,563 | $6,834 | 3.67% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 32 | $9,070,000 | $283,438 | $6,670 | 3.58% |
| Pahrump, NV (FHA|USDA|VA) | 40 | $8,110,000 | $202,750 | $4,944 | 3.85% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 17 | $5,155,000 | $303,235 | $4,060 | 3.67% |
| Fernley, NV (FHA|USDA|VA) | 19 | $4,275,000 | $225,000 | $5,188 | 4.01% |
| BOULDER, CO (FHA|USDA|VA) | 9 | $4,125,000 | $458,333 | $7,068 | 3.92% |
| STOCKTON, CA (FHA|USDA|VA) | 17 | $2,765,000 | $162,647 | $5,980 | 3.46% |
| SALEM, OR (FHA|USDA|VA) | 9 | $2,375,000 | $263,889 | $8,568 | 4.47% |
| CARSON CITY, NV (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $5,360 | 4.20% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $1,995,000 | $399,000 | $8,730 | 4.23% |
| Outside of Metro Areas | 7 | $1,915,000 | $273,571 | $5,723 | 4.46% |
| PROVO-OREM, UT (FHA|USDA|VA) | 5 | $1,895,000 | $379,000 | $6,428 | 3.43% |
| MODESTO, CA (FHA|USDA|VA) | 14 | $1,860,000 | $132,857 | $4,877 | 3.12% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $10,418 | 4.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $6,158 | 4.35% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $10,409 | 4.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $4,564 | 4.63% |
| MERCED, CA (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $5,301 | 3.02% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $12,127 | 4.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,266 | 4.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $18,832 | 5.25% |
| Fallon, NV (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,311 | 4.83% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,395 | 3.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $14,580 | 4.12% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,553 | 4.31% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,313 | 5.04% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,808 | 3.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,709 | 4.19% |
| BEND, OR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,340 | 4.06% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,418 | 4.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,844 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,252 | 4.38% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,527 | 3.75% |
| Newport, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,790 | 4.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,366 | 4.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,584 | 3.38% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,505 | 3.88% |
| Prineville, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,421 | 4.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,577 | 2.88% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,982 | 4.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,918 | 3.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,860 | 2.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,313 | 5.25% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,015 | 3.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,829 | 5.38% |
| Safford, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,278 | 4.63% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,461 | 3.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,300 | 3.50% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,191 | 4.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,698 | 3.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,372 | 4.00% |
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Product Mix
For 2019, South Pacific Financial Corporation's most frequently originated type of loan was Conventional, with 2,172 originations. Their 2nd most popular type was FHA, with 668 originations.
Loan Reason
For 2019, South Pacific Financial Corporation's most frequently cited loan purpose was Home Purchase, with 2,412 originations. The 2nd most popular reason was Refi, with 391 originations.
Loan Duration/Length
For 2019, South Pacific Financial Corporation's most frequently cited loan duration was 30 Year, with 2,958 originations. The 2nd most popular length was 15 Year, with 99 originations.
Origination Fees/Closing Costs
South Pacific Financial Corporation's average total fees were $6,711, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,161 originations.
Interest Rates
During 2019, South Pacific Financial Corporation's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 1,655 originations.
Loan Sizing
2019 saw South Pacific Financial Corporation place emphasis on $200k-400k loans with 1,610 originations, totaling $466,510,000 in origination value.
Applicant Income
South Pacific Financial Corporation lent most frequently to those with incomes in the $100k-150k range, with 826 originations. The second most popular income band? $50k-75k, with 748 originations.
Applicant Debt to Income Ratio
South Pacific Financial Corporation lent most frequently to those with DTI ratios of 30-36%, with 428 originations. The next most common DTI ratio? 20-30%, with 369 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.59%
South Pacific Financial Corporation has an average approval rate.
Pick Rate
Approvals leading to origination61.79%
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 | 3,117 | $909,355,000 | $291,740 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 34 | $5,790,000 | $170,294 |
| Single Family (1-4 Units):Site-Built | 3,083 | $903,565,000 | $293,080 |