Pacific Equity And Loan Mortgage Rates, Fees & Info
FEDERAL WAY, WALEI: 98450064457HF042AA24
Tax ID: 83-2159068
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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
60Origination Dollar Volume (All Markets)
$22,320,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 60 | $22,320,000 | $372,000 | $0 | 12.12% |
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
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
Approval Rates
Total approvals of all applications98.62%
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 origination6.67%
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 |