Pacific Service Mortgage Rates, Fees & Info
Concord, CALEI: 549300XR3B6372SESA46
Tax ID: 94-6061277
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Mortgage Data
Review & Overview
Pacific Service is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase loans. Pacific Service has a high proportion of conventional 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: San Francisco, Fresno, Sacramento, Stockton, and San Jose among others. We have data for 31 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.93% | 4/5/25 |
| 30 Year Conventional Refi | 6.73% | 4/5/25 |
| 30 Year Cash-out Refi | 6.91% | 4/5/25 |
| 30 Year FHA Purchase | 6.86% | 4/5/25 |
| 15 Year Conventional Purchase | 6.77% | 4/5/25 |
| 15 Year Conventional Refi | 7.80% | 4/5/25 |
| 15 Year Cash-out Refi | 7.80% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
614Origination Dollar Volume (All Markets)
$87,570,000Awards
PACIFIC SERVICE - 2024
PACIFIC SERVICE is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Pacific Service's average 30 year fixed mortgage rate was
6.68%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Pacific Service's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,986.
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 $8,356.
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) | 204 | $33,270,000 | $163,088 | $5,043 | 8.22% |
| FRESNO, CA (FHA|USDA|VA) | 93 | $10,765,000 | $115,753 | $8,107 | 8.22% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 80 | $10,170,000 | $127,125 | $5,835 | 8.24% |
| STOCKTON, CA (FHA|USDA|VA) | 41 | $6,135,000 | $149,634 | $3,944 | 8.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 22 | $3,630,000 | $165,000 | $0 | 8.42% |
| VALLEJO, CA (FHA|USDA|VA) | 25 | $3,575,000 | $143,000 | $9,142 | 8.17% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $2,375,000 | $339,286 | $7,322 | 7.94% |
| CHICO, CA (FHA|USDA|VA) | 12 | $2,240,000 | $186,667 | $4,954 | 8.19% |
| REDDING, CA (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $3,560 | 7.82% |
| NAPA, CA (FHA|USDA|VA) | 8 | $1,710,000 | $213,750 | $23,056 | 8.53% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 10 | $1,470,000 | $147,000 | $2,492 | 7.92% |
| Outside of Metro Areas | 14 | $1,400,000 | $100,000 | $8,809 | 7.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $4,378 | 7.66% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 10 | $990,000 | $99,000 | $0 | 8.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $3,806 | 7.95% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $0 | 8.16% |
| MADERA, CA (FHA|USDA|VA) | 10 | $780,000 | $78,000 | $0 | 8.17% |
| MODESTO, CA (FHA|USDA|VA) | 9 | $635,000 | $70,556 | $0 | 8.44% |
| MERCED, CA (FHA|USDA|VA) | 7 | $565,000 | $80,714 | $8,338 | 8.14% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $0 | 8.55% |
| Sonora, CA (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $3,297 | 8.21% |
| Red Bluff, CA (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $0 | 8.55% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 8.37% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 8.24% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 7.99% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 8.62% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 8.24% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.24% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.24% |
| Susanville, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
Their top states include:
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 358 | $45,950,000 | $128,352 | $5,123 | 7.96% |
| HELOC | 250 | $38,660,000 | $154,640 | n/a | 8.56% |
| FHA | 6 | $2,960,000 | $493,333 | $13,257 | 5.87% |
For 2024, Pacific Service's most frequently originated type of loan was Conventional, with 358 originations. Their 2nd most popular type was HELOC, with 250 originations.
Loan Reason
For 2024, Pacific Service's most frequently cited loan purpose was Home Improvement, with 291 originations. The 2nd most popular reason was Other, with 254 originations.
Loan Duration/Length
For 2024, Pacific Service's most frequently cited loan duration was 10 Year, with 280 originations. The 2nd most popular length was 15 Year, with 246 originations.
Origination Fees/Closing Costs
Pacific Service's average total fees were $5,986, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 42 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 420 | $51,260,000 | $122,048 |
| 7-8% | 136 | $18,760,000 | $137,941 |
| 6-7% | 49 | $14,045,000 | $286,633 |
| 5-6% | 9 | $3,505,000 | $389,444 |
During 2024, Pacific Service's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was Over 8%, with 420 originations.
Loan Sizing
2024 saw Pacific Service place emphasis on $100,000 or less loans with 295 originations, totaling $16,735,000 in origination value.
Applicant Income
Pacific Service lent most frequently to those with incomes in the $150k-250k range, with 202 originations. The second most popular income band? $100k-150k, with 178 originations.
Applicant Debt to Income Ratio
Pacific Service lent most frequently to those with DTI ratios of 30-36%, with 103 originations. The next most common DTI ratio? 20-30%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.80%
Pacific Service has an average approval rate.
Pick Rate
Approvals leading to origination67.10%
Pacific Service 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 |
|---|---|---|---|
| 34.83 | 1 | $65,000 | $65,000 |
| NA | 613 | $87,505,000 | $142,749 |