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 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, Orlando, and Sacramento among others. We have data for 38 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% | 9/1/24 |
30 Year Conventional Refi | 6.27% | 9/1/24 |
30 Year Cash-out Refi | 6.09% | 9/1/24 |
30 Year FHA Purchase | 6.84% | 9/1/24 |
30 Year VA Purchase | 5.97% | 9/1/24 |
30 Year VA Refi | 6.00% | 9/1/24 |
30 Year USDA Purchase | 6.91% | 9/1/24 |
15 Year Conventional Purchase | 6.04% | 9/1/24 |
15 Year Conventional Refi | 5.76% | 9/1/24 |
15 Year Cash-out Refi | 5.76% | 9/1/24 |
15 Year VA Purchase | 5.69% | 9/1/24 |
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
9,464Origination Dollar Volume (All Markets)
$3,769,460,000South 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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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) | 1,589 | $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% |
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.
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Product Mix
For 2021, South Pacific Financial Corporation's most frequently originated type of loan was Conventional, with 7,842 originations. Their 2nd most popular type was FHA, with 849 originations.
Loan Reason
For 2021, South Pacific Financial Corporation's most frequently cited loan purpose was Home Purchase, with 9,403 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
For 2021, South Pacific Financial Corporation's most frequently cited loan duration was 30 Year, with 8,808 originations. The 2nd most popular length was 15 Year, with 513 originations.
Origination Fees/Closing Costs
South Pacific Financial Corporation's average total fees were $7,608, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,559 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications97.07%
South Pacific Financial Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.40%
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 |