South Pacific Financial Corporation Mortgage Rates, Fees & Info

Ontario, CA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.49% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.09% 3/28/24
30 Year FHA Purchase 6.84% 3/28/24
30 Year VA Purchase 5.97% 3/28/24
30 Year VA Refi 6.00% 3/28/24
30 Year USDA Purchase 6.91% 3/28/24
15 Year Conventional Purchase 6.04% 3/28/24
15 Year Conventional Refi 5.76% 3/28/24
15 Year Cash-out Refi 5.76% 3/28/24
15 Year VA Purchase 5.69% 3/28/24
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

3,117

Origination Dollar Volume (All Markets)

$909,355,000
Show all (14) awards

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%
CaƱon 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%
South Pacific Financial Corporation's top markets include Riverside, Los Angeles, Phoenix, Las Vegas, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,172 $603,220,000 $277,726 $4,660 3.71%
    FHA 668 $206,310,000 $308,847 $12,044 4.14%
    VA 257 $94,305,000 $366,946 $8,428 3.70%
    USDA 10 $2,760,000 $276,000 $7,588 3.84%
    FHA 9 $2,515,000 $279,444 $0 4.75%
    FHA 1 $245,000 $245,000 $0 5.41%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,412 $689,850,000 $286,007 $6,798 3.71%
    Refi 391 $127,025,000 $324,872 $5,181 3.89%
    Cash Out Refi 291 $88,705,000 $304,828 $6,733 4.45%
    Other 23 $3,775,000 $164,130 $3,648 4.71%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,958 $876,760,000 $296,403 $6,711 3.85%
    15 Year 99 $22,735,000 $229,646 $4,243 3.19%
    3 Year 22 $190,000 $8,636 $0 0.00%
    20 Year 21 $5,565,000 $265,000 $5,202 4.22%
    Other 13 $3,555,000 $273,462 $5,958 4.62%
    10 Year 4 $550,000 $137,500 $2,685 4.03%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,161 $372,925,000 $321,210
    $<1k 559 $67,245,000 $120,295
    $5k+ 458 $173,650,000 $379,148
    $2k-3k 414 $119,890,000 $289,589
    $3k-4k 301 $99,015,000 $328,953
    $4k-5k 214 $73,870,000 $345,187

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 1,655 $553,625,000 $334,517
    4-5% 842 $263,900,000 $313,420
    5-6% 240 $68,180,000 $284,083
    <2.5% 201 $1,595,000 $7,935
    2.5-3% 145 $16,305,000 $112,448
    6-7% 15 $4,865,000 $324,333
    7-8% 3 $765,000 $255,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,610 $466,510,000 $289,758 $7,470 4.11%
    $400k-600k 609 $287,085,000 $471,404 $8,668 3.99%
    $100,000 or less 407 $6,335,000 $15,565 $493 1.80%
    $100k-200k 360 $57,840,000 $160,667 $4,792 4.32%
    $600k-1MM 127 $86,985,000 $684,921 $9,383 3.90%
    $1MM+ 4 $4,600,000 $1,150,000 $15,611 4.38%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 826 $286,700,000 $347,094 $7,315 3.85%
    $50k-75k 748 $159,520,000 $213,262 $6,096 3.69%
    $75k-100k 730 $195,210,000 $267,411 $6,765 3.74%
    $150k-250k 360 $151,950,000 $422,083 $6,893 3.98%
    $50k or less 338 $60,330,000 $178,491 $4,777 3.87%
    $250k+ 102 $50,910,000 $499,118 $7,386 4.06%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 428 $131,900,000 $308,178 $6,041 3.89%
    20-30% 369 $112,825,000 $305,759 $5,440 3.90%
    44% 271 $60,715,000 $224,041 $6,437 3.45%
    50-60% 239 $83,985,000 $351,402 $11,014 4.03%
    42% 200 $46,860,000 $234,300 $6,221 3.47%
    43% 188 $46,010,000 $244,734 $6,203 3.60%
    41% 164 $42,480,000 $259,024 $6,256 3.62%
    49% 150 $48,940,000 $326,267 $6,448 4.08%
    <20% 136 $42,640,000 $313,529 $5,064 3.86%
    40% 134 $34,720,000 $259,104 $6,075 3.66%
    45% 120 $40,170,000 $334,750 $6,773 4.09%
    39% 117 $35,995,000 $307,650 $6,531 3.81%
    38% 117 $30,505,000 $260,726 $5,978 3.64%
    48% 106 $34,090,000 $321,604 $7,253 4.16%
    47% 96 $31,190,000 $324,896 $7,500 4.05%
    36% 93 $30,895,000 $332,204 $6,459 3.86%
    46% 92 $28,750,000 $312,500 $6,864 3.96%
    37% 79 $21,225,000 $268,671 $5,859 3.59%
    >60% 7 $2,355,000 $336,429 $10,444 3.63%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,262 $620,770,000 $274,434 $6,517 3.78%
    Not provided 419 $134,405,000 $320,776 $6,469 3.93%
    Asian 231 $89,625,000 $387,987 $6,438 3.82%
    Black 170 $52,810,000 $310,647 $7,502 3.89%
    Not applicable 7 $2,925,000 $417,857 $5,127 3.71%
    Native Hawaiian or Islander 6 $2,220,000 $370,000 $10,949 3.79%
    American Indian 11 $2,165,000 $196,818 $6,092 3.49%
    Chinese 2 $1,150,000 $575,000 $7,187 3.62%
    Filipino 1 $615,000 $615,000 $7,065 4.13%
    Vietnamese 2 $600,000 $300,000 $8,477 4.19%
    Korean 1 $545,000 $545,000 $8,560 4.00%
    Other Asian 2 $530,000 $265,000 $8,162 3.69%
    Asian Indian 2 $500,000 $250,000 $9,012 4.06%
    Japanese 1 $495,000 $495,000 $8,370 3.75%

    Approval Rates

    Total approvals of all applications
    91.59%

    South Pacific Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    61.79%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $12,280,000 $165,946 $4,352 3.86%
    40-60% 214 $56,640,000 $264,673 $4,648 4.00%
    60-80% 736 $254,960,000 $346,413 $5,876 4.15%
    80-100% 1,641 $552,835,000 $336,889 $8,385 4.12%
    Over 100% 73 $28,135,000 $385,411 $12,905 3.69%
    Under 20% 379 $4,505,000 $11,887 $304 1.61%