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 and Refi 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
217Origination Dollar Volume (All Markets)
$98,805,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 217 | $98,805,000 | $455,323 | $0 | 12.18% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 217 | $98,805,000 | $455,323 | $0 | 12.18% |
For 2024, Pacific Equity And Loan's most frequently originated type of loan was Conventional, with 217 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 182 | $76,910,000 | $422,582 | $0 | 12.12% |
| Refi | 34 | $21,720,000 | $638,824 | $0 | 12.50% |
| Cash Out Refi | 1 | $175,000 | $175,000 | $0 | 12.00% |
For 2024, Pacific Equity And Loan's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 194 | $80,750,000 | $416,237 | $0 | 12.11% |
| 1 Year | 23 | $18,055,000 | $785,000 | $0 | 12.73% |
For 2024, Pacific Equity And Loan's most frequently cited loan duration was Other, with 194 originations. The 2nd most popular length was 1 Year, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 217 | $98,805,000 | $455,323 |
During 2024, 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 217 originations.
Loan Sizing
2024 saw Pacific Equity And Loan place emphasis on $200k-400k loans with 96 originations, totaling $28,440,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 3 | $755,000 | $251,667 | $0 | 12.00% |
Pacific Equity And Loan lent most frequently to those with incomes in the $150k-250k range, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 1 | $175,000 | $175,000 | $0 | 12.00% |
Pacific Equity And Loan lent most frequently to those with DTI ratios of <20%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.31%
Pacific Equity And Loan has an average approval rate.
Pick Rate
Approvals leading to origination16.59%
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 |
|---|---|---|---|
| 10045.0 | 1 | $455,000 | $455,000 |
| 10079.46 | 1 | $495,000 | $495,000 |
| 10248.0 | 1 | $415,000 | $415,000 |
| 10255.17 | 1 | $545,000 | $545,000 |
| 10298.75 | 1 | $465,000 | $465,000 |
| 103775.0 | 1 | $2,905,000 | $2,905,000 |
| 10400.0 | 1 | $205,000 | $205,000 |
| 10730.8 | 1 | $215,000 | $215,000 |
| 10773.83 | 1 | $385,000 | $385,000 |
| 10848.75 | 1 | $345,000 | $345,000 |
| 10925.0 | 1 | $355,000 | $355,000 |
| 11060.0 | 1 | $455,000 | $455,000 |
| 11076.45 | 1 | $595,000 | $595,000 |
| 11081.04 | 1 | $455,000 | $455,000 |
| 11328.98 | 1 | $305,000 | $305,000 |
| 11617.48 | 1 | $645,000 | $645,000 |
| 11890.0 | 1 | $495,000 | $495,000 |
| 11900.0 | 1 | $335,000 | $335,000 |
| 11916.51 | 1 | $535,000 | $535,000 |
| 11947.25 | 1 | $535,000 | $535,000 |
| 12073.67 | 1 | $565,000 | $565,000 |
| 12223.65 | 1 | $675,000 | $675,000 |
| 12371.0 | 1 | $695,000 | $695,000 |
| 12686.08 | 1 | $715,000 | $715,000 |
| 12748.1 | 1 | $255,000 | $255,000 |
| 12812.0 | 1 | $365,000 | $365,000 |
| 12812.5 | 1 | $435,000 | $435,000 |
| 12837.82 | 1 | $325,000 | $325,000 |
| 12898.56 | 1 | $265,000 | $265,000 |
| 12900.29 | 1 | $545,000 | $545,000 |
| 12915.58 | 1 | $465,000 | $465,000 |
| 13133.0 | 1 | $405,000 | $405,000 |
| 13477.43 | 1 | $755,000 | $755,000 |
| 13518.3 | 1 | $505,000 | $505,000 |
| 14119.71 | 1 | $455,000 | $455,000 |
| 14143.2 | 1 | $575,000 | $575,000 |
| 14179.9 | 1 | $455,000 | $455,000 |
| 14360.87 | 1 | $815,000 | $815,000 |
| 14458.2 | 1 | $615,000 | $615,000 |
| 14560.81 | 1 | $355,000 | $355,000 |
| 14601.38 | 1 | $845,000 | $845,000 |
| 14952.0 | 1 | $425,000 | $425,000 |
| 15162.5 | 1 | $525,000 | $525,000 |
| 16212.5 | 1 | $545,000 | $545,000 |
| 16730.0 | 1 | $495,000 | $495,000 |
| 16900.0 | 1 | $745,000 | $745,000 |
| 17026.47 | 1 | $1,005,000 | $1,005,000 |
| 17234.54 | 1 | $985,000 | $985,000 |
| 17325.0 | 1 | $875,000 | $875,000 |
| 18020.32 | 1 | $535,000 | $535,000 |
| 18060.0 | 2 | $1,640,000 | $820,000 |
| 19098.0 | 1 | $855,000 | $855,000 |
| 19310.25 | 1 | $385,000 | $385,000 |
| 20119.34 | 1 | $1,035,000 | $1,035,000 |
| 20675.0 | 1 | $1,245,000 | $1,245,000 |
| 21000.0 | 1 | $755,000 | $755,000 |
| 21380.0 | 2 | $1,930,000 | $965,000 |
| 21620.0 | 1 | $395,000 | $395,000 |
| 22470.0 | 2 | $2,330,000 | $1,165,000 |
| 22573.15 | 1 | $685,000 | $685,000 |
| 22998.0 | 1 | $1,045,000 | $1,045,000 |
| 23584.84 | 1 | $1,075,000 | $1,075,000 |
| 26285.43 | 1 | $535,000 | $535,000 |
| 26800.0 | 1 | $1,245,000 | $1,245,000 |
| 27537.5 | 1 | $685,000 | $685,000 |
| 29436.08 | 1 | $1,375,000 | $1,375,000 |
| 29768.0 | 1 | $1,045,000 | $1,045,000 |
| 29800.0 | 1 | $555,000 | $555,000 |
| 31049.6 | 1 | $1,085,000 | $1,085,000 |
| 34336.8 | 1 | $1,105,000 | $1,105,000 |
| 36710.0 | 1 | $1,155,000 | $1,155,000 |
| 36894.85 | 1 | $695,000 | $695,000 |
| 39156.25 | 1 | $1,345,000 | $1,345,000 |
| 4100.0 | 5 | $495,000 | $99,000 |
| 4115.0 | 1 | $105,000 | $105,000 |
| 4233.19 | 1 | $145,000 | $145,000 |
| 4294.0 | 1 | $185,000 | $185,000 |
| 4442.5 | 1 | $185,000 | $185,000 |
| 4528.75 | 1 | $145,000 | $145,000 |
| 4540.0 | 1 | $245,000 | $245,000 |
| 4541.24 | 1 | $245,000 | $245,000 |
| 4592.0 | 1 | $145,000 | $145,000 |
| 4659.98 | 1 | $255,000 | $255,000 |
| 4704.37 | 1 | $185,000 | $185,000 |
| 4729.38 | 1 | $95,000 | $95,000 |
| 4762.77 | 1 | $175,000 | $175,000 |
| 4787.0 | 1 | $185,000 | $185,000 |
| 4790.12 | 1 | $285,000 | $285,000 |
| 4997.2 | 1 | $285,000 | $285,000 |
| 5100.0 | 6 | $890,000 | $148,333 |
| 5149.48 | 1 | $115,000 | $115,000 |
| 5150.22 | 1 | $175,000 | $175,000 |
| 5199.88 | 1 | $185,000 | $185,000 |
| 5228.58 | 1 | $105,000 | $105,000 |
| 5283.6 | 1 | $85,000 | $85,000 |
| 5341.8 | 1 | $165,000 | $165,000 |
| 5347.5 | 1 | $215,000 | $215,000 |
| 5482.05 | 1 | $335,000 | $335,000 |
| 5512.05 | 1 | $195,000 | $195,000 |
| 5537.33 | 1 | $225,000 | $225,000 |
| 5592.93 | 1 | $355,000 | $355,000 |
| 5600.0 | 3 | $305,000 | $101,667 |
| 5627.5 | 1 | $235,000 | $235,000 |
| 5643.38 | 1 | $185,000 | $185,000 |
| 5699.52 | 1 | $175,000 | $175,000 |
| 5725.0 | 1 | $205,000 | $205,000 |
| 5796.75 | 1 | $165,000 | $165,000 |
| 5812.01 | 1 | $245,000 | $245,000 |
| 5824.0 | 1 | $385,000 | $385,000 |
| 5832.0 | 1 | $255,000 | $255,000 |
| 5948.0 | 1 | $265,000 | $265,000 |
| 5971.85 | 1 | $195,000 | $195,000 |
| 5972.92 | 1 | $155,000 | $155,000 |
| 6006.47 | 1 | $225,000 | $225,000 |
| 60194.29 | 1 | $1,725,000 | $1,725,000 |
| 6035.0 | 1 | $205,000 | $205,000 |
| 6096.56 | 1 | $175,000 | $175,000 |
| 61837.5 | 1 | $1,695,000 | $1,695,000 |
| 6186.96 | 1 | $405,000 | $405,000 |
| 6300.0 | 1 | $285,000 | $285,000 |
| 6327.94 | 1 | $245,000 | $245,000 |
| 6363.75 | 1 | $285,000 | $285,000 |
| 6374.0 | 1 | $215,000 | $215,000 |
| 6422.25 | 1 | $255,000 | $255,000 |
| 6440.33 | 1 | $245,000 | $245,000 |
| 6475.67 | 1 | $295,000 | $295,000 |
| 6509.37 | 1 | $295,000 | $295,000 |
| 65192.36 | 1 | $2,105,000 | $2,105,000 |
| 6554.51 | 1 | $165,000 | $165,000 |
| 66390.8 | 1 | $1,605,000 | $1,605,000 |
| 6673.77 | 1 | $305,000 | $305,000 |
| 6676.74 | 1 | $345,000 | $345,000 |
| 6690.0 | 1 | $235,000 | $235,000 |
| 6693.71 | 1 | $205,000 | $205,000 |
| 6726.56 | 1 | $235,000 | $235,000 |
| 6768.13 | 1 | $315,000 | $315,000 |
| 6912.5 | 1 | $275,000 | $275,000 |
| 6960.0 | 1 | $245,000 | $245,000 |
| 6974.35 | 1 | $245,000 | $245,000 |
| 6993.11 | 1 | $325,000 | $325,000 |
| 7008.17 | 1 | $325,000 | $325,000 |
| 7015.47 | 1 | $335,000 | $335,000 |
| 7032.75 | 1 | $125,000 | $125,000 |
| 7040.0 | 1 | $355,000 | $355,000 |
| 7058.75 | 1 | $335,000 | $335,000 |
| 7118.07 | 1 | $295,000 | $295,000 |
| 7151.0 | 1 | $345,000 | $345,000 |
| 7152.97 | 1 | $345,000 | $345,000 |
| 7158.93 | 1 | $335,000 | $335,000 |
| 7166.71 | 1 | $345,000 | $345,000 |
| 7198.11 | 1 | $335,000 | $335,000 |
| 7227.5 | 1 | $345,000 | $345,000 |
| 7278.99 | 1 | $295,000 | $295,000 |
| 7293.69 | 1 | $295,000 | $295,000 |
| 7337.87 | 1 | $295,000 | $295,000 |
| 7402.83 | 2 | $610,000 | $305,000 |
| 7572.0 | 1 | $315,000 | $315,000 |
| 7575.75 | 1 | $225,000 | $225,000 |
| 7617.5 | 1 | $325,000 | $325,000 |
| 7625.0 | 1 | $375,000 | $375,000 |
| 7703.27 | 1 | $285,000 | $285,000 |
| 7737.5 | 1 | $205,000 | $205,000 |
| 7771.25 | 1 | $255,000 | $255,000 |
| 7809.38 | 1 | $385,000 | $385,000 |
| 78637.93 | 1 | $1,915,000 | $1,915,000 |
| 7908.0 | 1 | $295,000 | $295,000 |
| 7924.0 | 1 | $355,000 | $355,000 |
| 7943.75 | 1 | $475,000 | $475,000 |
| 7984.37 | 1 | $395,000 | $395,000 |
| 7999.28 | 1 | $235,000 | $235,000 |
| 7999.4 | 1 | $285,000 | $285,000 |
| 8000.9 | 1 | $405,000 | $405,000 |
| 8049.15 | 1 | $295,000 | $295,000 |
| 8076.82 | 1 | $275,000 | $275,000 |
| 8165.83 | 1 | $345,000 | $345,000 |
| 8225.0 | 1 | $245,000 | $245,000 |
| 8258.55 | 1 | $275,000 | $275,000 |
| 8342.92 | 1 | $275,000 | $275,000 |
| 8342.93 | 2 | $830,000 | $415,000 |
| 8596.0 | 1 | $375,000 | $375,000 |
| 8682.81 | 1 | $435,000 | $435,000 |
| 8729.29 | 1 | $395,000 | $395,000 |
| 8792.0 | 1 | $385,000 | $385,000 |
| 9110.9 | 1 | $285,000 | $285,000 |
| 9168.75 | 1 | $475,000 | $475,000 |
| 9217.79 | 1 | $415,000 | $415,000 |
| 9314.73 | 1 | $485,000 | $485,000 |
| 9383.84 | 1 | $365,000 | $365,000 |
| 9447.5 | 1 | $455,000 | $455,000 |
| 9499.0 | 1 | $475,000 | $475,000 |
| 9499.72 | 1 | $735,000 | $735,000 |
| 9503.75 | 1 | $335,000 | $335,000 |
| 9533.4 | 1 | $225,000 | $225,000 |
| 9675.0 | 2 | $1,330,000 | $665,000 |
| 9759.99 | 1 | $385,000 | $385,000 |
| 9858.9 | 1 | $235,000 | $235,000 |
| 9873.95 | 1 | $525,000 | $525,000 |
| 9947.23 | 1 | $395,000 | $395,000 |
| NA | 2 | $620,000 | $310,000 |