Pacific Service Mortgage Rates, Fees & Info

Concord, CA

LEI: 549300XR3B6372SESA46

Tax ID: 94-6061277

5 stars - Updated: 9/25/23 - out of 5 stars, based on 28 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Pacific Service is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Pacific Service has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Sacramento, Fresno, Vallejo, and Stockton among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pacific Service 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. Pacific Service is typically a low 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 6.08% 9/25/23
    30 Year Conventional Refi 6.41% 9/25/23
    30 Year Cash-out Refi 6.01% 9/25/23
    15 Year Conventional Purchase 5.78% 9/25/23
    15 Year Conventional Refi 5.61% 9/25/23
    15 Year Cash-out Refi 5.61% 9/25/23
    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.

    Pacific Service Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Pacific Service. 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

    791

    Origination Dollar Volume (All Markets)

    $134,335,000
    Show all (7) awards

    Relative Rate

    Pacific Service's average 30 year fixed mortgage rate was 4.42%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.34%.

    Relative Fees (Closing Costs)

    Pacific Service's average total fees/closing costs for a 30 year fixed rate mortgage were $4,110.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 310 $57,320,000 $184,903 $3,467 4.71%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 91 $13,205,000 $145,110 $3,735 4.79%
    FRESNO, CA (FHA|USDA|VA) 98 $11,480,000 $117,143 $3,904 4.91%
    VALLEJO, CA (FHA|USDA|VA) 43 $8,315,000 $193,372 $4,776 4.76%
    STOCKTON, CA (FHA|USDA|VA) 40 $5,790,000 $144,750 $3,216 4.99%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 26 $4,050,000 $155,769 $3,604 4.74%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 20 $3,880,000 $194,000 $3,071 4.53%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 15 $2,945,000 $196,333 $3,998 4.47%
    CHICO, CA (FHA|USDA|VA) 8 $2,450,000 $306,250 $3,269 4.14%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $2,330,000 $291,250 $6,805 4.87%
    Outside of Metro Areas 13 $2,325,000 $178,846 $3,399 4.53%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 10 $2,150,000 $215,000 $4,929 4.79%
    REDDING, CA (FHA|USDA|VA) 8 $1,730,000 $216,250 $4,622 4.93%
    SALINAS, CA (FHA|USDA|VA) 12 $1,610,000 $134,167 $4,037 4.57%
    MADERA, CA (FHA|USDA|VA) 15 $1,555,000 $103,667 $2,837 4.52%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 10 $1,480,000 $148,000 $0 4.76%
    Clearlake, CA (FHA|USDA|VA) 5 $1,465,000 $293,000 $3,780 4.92%
    Sonora, CA (FHA|USDA|VA) 6 $1,460,000 $243,333 $3,969 4.92%
    BAKERSFIELD, CA (FHA|USDA|VA) 8 $1,350,000 $168,750 $8,413 4.63%
    MODESTO, CA (FHA|USDA|VA) 8 $1,000,000 $125,000 $3,104 4.61%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $980,000 $490,000 $7,722 5.25%
    NAPA, CA (FHA|USDA|VA) 5 $935,000 $187,000 $9,053 4.92%
    MERCED, CA (FHA|USDA|VA) 5 $795,000 $159,000 $2,656 4.65%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $670,000 $167,500 $5,830 4.93%
    Eureka-Arcata, CA (FHA|USDA|VA) 3 $645,000 $215,000 $3,325 4.83%
    YUBA CITY, CA (FHA|USDA|VA) 3 $625,000 $208,333 $2,496 3.25%
    RENO, NV (FHA|USDA|VA) 1 $505,000 $505,000 $9,925 4.38%
    Red Bluff, CA (FHA|USDA|VA) 4 $440,000 $110,000 $2,845 4.52%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $330,000 $82,500 $0 5.24%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $215,000 $215,000 $2,696 3.75%
    Ukiah, CA (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.49%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.09%
    VISALIA, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.50%
    Pacific Service's top markets include San Francisco, Sacramento, Fresno, Vallejo, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PACIFIC SERVICE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 567
    SESLOC
    Similarity Rank: 994
    COASTHILLS
    Similarity Rank: 1020
    S&S Financial
    Similarity Rank: 1034
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 1158
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1320
    CALLISTO GROUP, INC.
    Similarity Rank: 1505
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 1554
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 1800

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 482 $88,690,000 $184,004 $3,875 4.68%
    HELOC 309 $45,645,000 $147,718 n/a 4.84%

    For 2022, Pacific Service's most frequently originated type of loan was Conventional, with 482 originations. Their 2nd most popular type was HELOC, with 309 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 398 $46,280,000 $116,281 $0 4.83%
    Other 196 $19,820,000 $101,122 $0 5.04%
    Cash Out Refi 102 $32,420,000 $317,843 $3,098 3.99%
    Home Purchase 69 $28,845,000 $418,043 $5,125 4.74%
    Refi 26 $6,970,000 $268,077 $2,635 4.17%

    For 2022, Pacific Service's most frequently cited loan purpose was Home Improvement, with 398 originations. The 2nd most popular reason was Other, with 196 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 347 $48,875,000 $140,850 $2,570 4.82%
    15 Year 234 $25,660,000 $109,658 $3,315 5.02%
    30 Year 128 $52,480,000 $410,000 $4,110 4.42%
    Other 44 $3,560,000 $80,909 $2,206 4.41%
    5 Year 31 $1,605,000 $51,774 $0 3.79%
    20 Year 7 $2,155,000 $307,857 $3,166 4.09%

    For 2022, Pacific Service's most frequently cited loan duration was 10 Year, with 347 originations. The 2nd most popular length was 15 Year, with 234 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 120 $45,490,000 $379,083
    $1k-2k 23 $6,875,000 $298,913
    $2k-3k 10 $4,260,000 $426,000
    $5k+ 9 $4,435,000 $492,778
    $3k-4k 6 $1,350,000 $225,000
    $4k-5k 2 $490,000 $245,000

    Pacific Service's average total fees were $4,110, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 120 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 465 $72,735,000 $156,419
    5-6% 133 $20,455,000 $153,797
    3-4% 118 $30,540,000 $258,814
    6-7% 49 $6,425,000 $131,122
    2.5-3% 18 $3,180,000 $176,667
    <2.5% 4 $770,000 $192,500
    7-8% 3 $205,000 $68,333
    Over 8% 1 $25,000 $25,000

    During 2022, Pacific Service's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 465 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 357 $20,235,000 $56,681 $2,639 4.94%
    $100k-200k 197 $25,695,000 $130,431 $3,353 4.71%
    $200k-400k 146 $38,250,000 $261,986 $3,395 4.49%
    $400k-600k 64 $30,850,000 $482,031 $4,476 4.46%
    $600k-1MM 26 $18,300,000 $703,846 $4,985 4.46%
    $1MM+ 1 $1,005,000 $1,005,000 $4,626 3.88%

    2022 saw Pacific Service place emphasis on $100,000 or less loans with 357 originations, totaling $20,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 242 $36,580,000 $151,157 $3,579 4.83%
    $150k-250k 241 $47,595,000 $197,490 $4,604 4.74%
    $75k-100k 114 $15,690,000 $137,632 $3,539 4.56%
    $250k+ 106 $24,200,000 $228,302 $3,877 4.91%
    $50k-75k 67 $8,055,000 $120,224 $3,424 4.64%
    $50k or less 21 $2,215,000 $105,476 $2,548 4.29%

    Pacific Service lent most frequently to those with incomes in the $100k-150k range, with 242 originations. The second most popular income band? $150k-250k, with 241 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 149 $24,965,000 $167,550 $3,444 4.65%
    30-36% 135 $25,075,000 $185,741 $3,988 4.71%
    50-60% 72 $9,030,000 $125,417 $3,225 4.86%
    <20% 60 $8,940,000 $149,000 $3,191 4.36%
    39% 38 $6,910,000 $181,842 $3,460 4.67%
    37% 36 $6,900,000 $191,667 $3,692 4.70%
    38% 35 $5,325,000 $152,143 $2,995 4.71%
    42% 34 $6,610,000 $194,412 $5,387 4.88%
    41% 34 $5,740,000 $168,824 $4,528 5.03%
    40% 26 $3,670,000 $141,154 $3,818 5.03%
    36% 23 $3,755,000 $163,261 $4,362 4.79%
    43% 22 $3,770,000 $171,364 $4,364 5.03%
    46% 22 $3,830,000 $174,091 $3,619 5.02%
    44% 21 $3,705,000 $176,429 $2,953 4.76%
    >60% 20 $4,160,000 $208,000 $0 4.84%
    45% 19 $2,665,000 $140,263 $3,931 4.69%
    47% 16 $3,010,000 $188,125 $5,806 4.47%
    48% 15 $2,635,000 $175,667 $4,238 4.95%
    49% 14 $3,640,000 $260,000 $5,956 4.94%

    Pacific Service lent most frequently to those with DTI ratios of 20-30%, with 149 originations. The next most common DTI ratio? 30-36%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 446 $76,670,000 $171,906 $3,597 4.66%
    Not provided 192 $29,060,000 $151,354 $4,379 4.93%
    Asian 56 $12,970,000 $231,607 $4,700 4.62%
    Black 54 $8,640,000 $160,000 $3,060 4.74%
    American Indian 5 $1,565,000 $313,000 $4,563 4.95%
    Asian Indian 11 $1,545,000 $140,455 $0 5.10%
    Filipino 12 $1,390,000 $115,833 $0 4.89%
    Chinese 3 $915,000 $305,000 $0 4.75%
    Native Hawaiian or Islander 3 $575,000 $191,667 $0 4.67%
    Vietnamese 3 $325,000 $108,333 $0 4.86%
    Korean 2 $260,000 $130,000 $0 4.50%
    Japanese 2 $240,000 $120,000 $0 4.75%
    Other Asian 2 $180,000 $90,000 $0 5.05%

    Approval Rates

    Total approvals of all applications
    86.30%

    Pacific Service has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.58%

    Pacific Service has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 791 $134,335,000 $169,829

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    791 $134,335,000 $169,829

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 139 $30,255,000 $217,662 $3,079 4.63%
    40-60% 55 $22,725,000 $413,182 $3,760 4.20%
    60-80% 52 $21,940,000 $421,923 $4,028 4.33%
    80-100% 28 $12,210,000 $436,071 $5,091 4.52%
    Under 20% 515 $47,005,000 $91,272 $3,179 4.89%