Pacific Service Mortgage Rates, Fees & Info

Concord, CA

LEI: 549300XR3B6372SESA46

Tax ID: 94-6061277

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Cash Out Refi 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 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pacific Service 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. 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% 4/21/24
    30 Year Conventional Refi 6.41% 4/21/24
    30 Year Cash-out Refi 6.01% 4/21/24
    15 Year Conventional Purchase 5.78% 4/21/24
    15 Year Conventional Refi 5.61% 4/21/24
    15 Year Cash-out Refi 5.61% 4/21/24
    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.

    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

    866

    Origination Dollar Volume (All Markets)

    $274,690,000
    Show all (11) 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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 328 $116,810,000 $356,128 $3,523 3.34%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 92 $24,810,000 $269,674 $2,892 3.44%
    FRESNO, CA (FHA|USDA|VA) 85 $20,625,000 $242,647 $2,913 3.40%
    VALLEJO, CA (FHA|USDA|VA) 60 $18,560,000 $309,333 $3,062 3.43%
    STOCKTON, CA (FHA|USDA|VA) 36 $12,380,000 $343,889 $3,116 3.14%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 39 $11,565,000 $296,538 $2,971 3.31%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 24 $9,780,000 $407,500 $3,080 3.24%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 26 $8,820,000 $339,231 $3,514 3.14%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 14 $6,180,000 $441,429 $3,408 3.46%
    CHICO, CA (FHA|USDA|VA) 22 $5,840,000 $265,455 $3,210 3.31%
    MODESTO, CA (FHA|USDA|VA) 15 $4,255,000 $283,667 $2,696 3.18%
    Outside of Metro Areas 13 $3,335,000 $256,538 $3,000 3.50%
    MADERA, CA (FHA|USDA|VA) 12 $3,030,000 $252,500 $3,127 3.07%
    Red Bluff, CA (FHA|USDA|VA) 9 $2,985,000 $331,667 $3,890 3.38%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $2,580,000 $430,000 $3,548 3.19%
    SALINAS, CA (FHA|USDA|VA) 7 $1,995,000 $285,000 $3,690 3.05%
    NAPA, CA (FHA|USDA|VA) 5 $1,895,000 $379,000 $3,658 3.10%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,850,000 $462,500 $4,250 3.25%
    MERCED, CA (FHA|USDA|VA) 9 $1,775,000 $197,222 $3,073 3.53%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 9 $1,735,000 $192,778 $2,768 3.66%
    Eureka-Arcata, CA (FHA|USDA|VA) 6 $1,730,000 $288,333 $2,647 3.08%
    REDDING, CA (FHA|USDA|VA) 7 $1,695,000 $242,143 $2,964 3.45%
    BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,665,000 $237,857 $2,913 3.32%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,585,000 $317,000 $3,510 3.33%
    YUBA CITY, CA (FHA|USDA|VA) 7 $1,555,000 $222,143 $2,788 3.07%
    Sonora, CA (FHA|USDA|VA) 5 $1,175,000 $235,000 $2,370 4.02%
    Clearlake, CA (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,787 4.46%
    Ukiah, CA (FHA|USDA|VA) 3 $775,000 $258,333 $2,939 2.67%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $715,000 $715,000 $5,267 3.13%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $670,000 $335,000 $4,655 2.87%
    RENO, NV (FHA|USDA|VA) 2 $650,000 $325,000 $2,862 3.44%
    VISALIA, CA (FHA|USDA|VA) 2 $360,000 $180,000 $2,225 2.87%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $285,000 $285,000 $3,220 3.88%
    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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    COASTHILLS
    Similarity Rank: 564
    SESLOC
    Similarity Rank: 792
    INFINITY EQUITY GROUP, INC.
    Similarity Rank: 1056
    BNB FINANCIAL INC.
    Similarity Rank: 1184
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1456
    BAY
    Similarity Rank: 1692
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 1904
    SACRAMENTO Credit Union
    Similarity Rank: 2256
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 2601

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 866 $274,690,000 $317,194 $3,244 3.34%

    For 2020, Pacific Service's most frequently originated type of loan was Conventional, with 866 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 418 $141,420,000 $338,325 $3,136 3.06%
    Cash Out Refi 293 $96,695,000 $330,017 $3,210 3.34%
    Home Purchase 67 $27,005,000 $403,060 $4,015 3.17%
    Other 46 $4,770,000 $103,696 $0 4.79%
    Home Improvement 42 $4,800,000 $114,286 $0 4.86%

    For 2020, Pacific Service's most frequently cited loan purpose was Refi, with 418 originations. The 2nd most popular reason was Cash Out Refi, with 293 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 525 $188,595,000 $359,229 $3,135 3.21%
    15 Year 225 $60,805,000 $270,244 $3,768 3.50%
    20 Year 59 $20,005,000 $339,068 $2,982 3.17%
    Other 35 $3,765,000 $107,571 $2,879 3.57%
    10 Year 14 $1,100,000 $78,571 $2,226 5.50%
    5 Year 8 $420,000 $52,500 $0 4.30%

    For 2020, Pacific Service's most frequently cited loan duration was 30 Year, with 525 originations. The 2nd most popular length was 15 Year, with 225 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 770 $241,220,000 $313,273
    $3k-4k 28 $8,750,000 $312,500
    $2k-3k 22 $5,800,000 $263,636
    $5k+ 17 $9,385,000 $552,059
    $4k-5k 15 $5,605,000 $373,667
    $1k-2k 14 $3,930,000 $280,714

    Pacific Service's average total fees were $3,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 770 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 406 $137,870,000 $339,581
    2.5-3% 377 $123,805,000 $328,395
    4-5% 28 $4,260,000 $152,143
    6-7% 23 $1,815,000 $78,913
    <2.5% 20 $6,260,000 $313,000
    5-6% 12 $680,000 $56,667

    During 2020, Pacific Service's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 406 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 395 $118,105,000 $299,000 $3,087 3.18%
    $400k-600k 213 $100,935,000 $473,873 $3,242 3.15%
    $100k-200k 149 $23,015,000 $154,463 $2,707 3.33%
    $100,000 or less 70 $4,220,000 $60,286 $2,604 4.90%
    $600k-1MM 37 $26,125,000 $706,081 $6,365 3.31%
    $1MM+ 2 $2,290,000 $1,145,000 $5,430 3.37%

    2020 saw Pacific Service place emphasis on $200k-400k loans with 395 originations, totaling $118,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 297 $93,345,000 $314,293 $3,077 3.34%
    $150k-250k 235 $85,855,000 $365,340 $3,389 3.36%
    $75k-100k 137 $36,715,000 $267,993 $2,958 3.33%
    $50k-75k 106 $22,050,000 $208,019 $2,890 3.34%
    $250k+ 68 $33,280,000 $489,412 $4,706 3.38%
    $50k or less 23 $3,445,000 $149,783 $2,711 3.21%

    Pacific Service lent most frequently to those with incomes in the $100k-150k range, with 297 originations. The second most popular income band? $150k-250k, with 235 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 263 $82,535,000 $313,821 $3,024 3.23%
    30-36% 170 $54,730,000 $321,941 $3,517 3.35%
    <20% 107 $31,005,000 $289,766 $3,006 3.11%
    41% 36 $9,750,000 $270,833 $2,878 3.64%
    39% 35 $11,455,000 $327,286 $2,868 3.61%
    37% 32 $11,950,000 $373,438 $3,825 3.36%
    40% 27 $8,465,000 $313,519 $3,308 3.30%
    44% 25 $7,085,000 $283,400 $3,274 3.39%
    42% 23 $8,255,000 $358,913 $3,356 3.66%
    38% 22 $8,590,000 $390,455 $3,560 3.51%
    45% 21 $6,425,000 $305,952 $3,103 3.88%
    49% 19 $6,885,000 $362,368 $3,314 3.26%
    47% 18 $6,660,000 $370,000 $3,282 3.30%
    36% 16 $4,330,000 $270,625 $3,483 3.41%
    43% 16 $5,610,000 $350,625 $4,541 3.57%
    48% 14 $5,280,000 $377,143 $3,460 3.28%
    46% 11 $2,785,000 $253,182 $3,455 3.39%
    50-60% 10 $2,530,000 $253,000 $6,366 4.21%
    >60% 1 $365,000 $365,000 $0 3.50%

    Pacific Service lent most frequently to those with DTI ratios of 20-30%, with 263 originations. The next most common DTI ratio? 30-36%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 609 $186,595,000 $306,396 $3,104 3.33%
    Not provided 130 $44,710,000 $343,923 $3,278 3.40%
    Asian 67 $24,295,000 $362,612 $4,452 3.34%
    Black 47 $15,045,000 $320,106 $3,203 3.38%
    American Indian 7 $2,275,000 $325,000 $3,153 3.25%
    Native Hawaiian or Islander 5 $1,725,000 $345,000 $3,615 2.97%
    Filipino 1 $45,000 $45,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    90.26%

    Pacific Service has an average approval rate.

    Pick Rate

    Approvals leading to origination
    55.89%

    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
    NA 866 $274,690,000 $317,194

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 866 $274,690,000 $317,194

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 157 $40,255,000 $256,401 $3,037 3.21%
    40-60% 257 $88,925,000 $346,012 $3,476 3.08%
    60-80% 292 $111,010,000 $380,171 $3,111 3.28%
    80-100% 64 $24,390,000 $381,094 $3,500 3.20%
    Under 20% 96 $10,110,000 $105,313 $2,813 4.55%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Pacific Home Loans, Inc Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Pacific Home Loans, Inc VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    Pacific Home Loans, Inc VA mortgage Trouble during payment process 2 50.0%