Pacific Equity And Loan Mortgage Rates, Fees & Info

FEDERAL WAY, WA

LEI: 98450064457HF042AA24

Tax ID: 83-2159068

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

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Mortgage Data

Review & Overview

Pacific Equity And Loan is a smaller mortgage company specializing in Home Purchase loans. Pacific Equity And Loan has a high proportion of conventional loans.

Pacific Equity And Loan 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.

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Originations

60

Origination Dollar Volume (All Markets)

$22,320,000

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
Outside of Metro Areas 60 $22,320,000 $372,000 $0 12.12%
Pacific Equity And Loan's top markets include

Their top states include:
  • Washington (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $22,320,000 $372,000 $0 12.12%

    For 2023, Pacific Equity And Loan's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $20,665,000 $362,544 $0 12.15%
    Cash Out Refi 2 $1,070,000 $535,000 $0 11.50%
    Refi 1 $585,000 $585,000 $0 12.00%

    For 2023, Pacific Equity And Loan's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $22,320,000 $372,000 $0 12.12%

    For 2023, Pacific Equity And Loan's most frequently cited loan duration was Other, with 60 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 60 $22,320,000 $372,000

    During 2023, Pacific Equity And Loan's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,160,000 $280,000 $0 12.16%
    $400k-600k 20 $9,310,000 $465,500 $0 12.07%
    $100k-200k 10 $1,630,000 $163,000 $0 12.35%
    $600k-1MM 4 $2,950,000 $737,500 $0 11.75%
    $100,000 or less 2 $190,000 $95,000 $0 12.00%
    $1MM+ 2 $2,080,000 $1,040,000 $0 12.00%

    2023 saw Pacific Equity And Loan place emphasis on $200k-400k loans with 22 originations, totaling $6,160,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 2 $840,000 $420,000 $0 12.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 21 $7,935,000 $377,857 $0 12.12%
    White 21 $6,655,000 $316,905 $0 12.12%
    Black 12 $4,410,000 $367,500 $0 12.08%
    Asian 6 $3,320,000 $553,333 $0 12.21%

    Approval Rates

    Total approvals of all applications
    98.62%

    Pacific Equity And Loan has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    6.67%

    Pacific Equity And Loan 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
    10020.63 1 $315,000 $315,000
    10182.6 1 $425,000 $425,000
    10859.72 1 $445,000 $445,000
    108773.65 1 $295,000 $295,000
    11132.0 1 $305,000 $305,000
    11810.0 1 $325,000 $325,000
    11885.0 1 $395,000 $395,000
    12217.31 1 $485,000 $485,000
    12400.0 1 $415,000 $415,000
    13358.75 1 $455,000 $455,000
    14200.0 1 $485,000 $485,000
    14222.0 1 $615,000 $615,000
    14388.2 1 $415,000 $415,000
    14810.0 1 $425,000 $425,000
    16654.58 1 $485,000 $485,000
    16749.8 1 $495,000 $495,000
    16832.6 1 $495,000 $495,000
    16874.0 1 $495,000 $495,000
    17171.17 1 $685,000 $685,000
    17432.9 1 $515,000 $515,000
    19098.2 1 $425,000 $425,000
    23082.5 1 $935,000 $935,000
    23596.7 1 $715,000 $715,000
    25730.0 1 $585,000 $585,000
    32349.31 1 $1,015,000 $1,015,000
    33890.0 1 $535,000 $535,000
    34159.13 1 $1,065,000 $1,065,000
    4000.0 1 $155,000 $155,000
    5070.0 1 $305,000 $305,000
    5100.0 2 $190,000 $95,000
    5184.4 1 $255,000 $255,000
    5360.0 1 $115,000 $115,000
    6059.42 1 $205,000 $205,000
    6094.5 1 $405,000 $405,000
    6096.89 1 $135,000 $135,000
    6270.0 1 $425,000 $425,000
    6302.0 1 $145,000 $145,000
    6389.34 1 $215,000 $215,000
    6559.52 1 $155,000 $155,000
    6649.35 1 $225,000 $225,000
    6667.0 1 $455,000 $455,000
    7315.26 1 $175,000 $175,000
    7459.16 1 $185,000 $185,000
    7461.69 1 $175,000 $175,000
    7602.5 1 $225,000 $225,000
    7904.36 1 $195,000 $195,000
    8024.38 1 $265,000 $265,000
    8188.0 1 $195,000 $195,000
    8243.1 1 $315,000 $315,000
    8293.82 1 $275,000 $275,000
    8479.28 1 $325,000 $325,000
    8483.1 1 $215,000 $215,000
    8785.14 1 $225,000 $225,000
    8900.0 1 $445,000 $445,000
    8924.1 1 $225,000 $225,000
    9500.0 1 $375,000 $375,000
    9563.08 1 $245,000 $245,000
    9574.18 1 $245,000 $245,000
    9655.0 1 $385,000 $385,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $22,320,000 $372,000