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

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Equity And Loan is a smaller mortgage company specializing in Home Purchase and Cash Out 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.

    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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    Originations

    130

    Origination Dollar Volume (All Markets)

    $62,830,000

    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 130 $62,830,000 $483,308 $0 10.37%
    Pacific Equity And Loan's top markets include

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $62,830,000 $483,308 $0 10.37%

    For 2019, Pacific Equity And Loan's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $41,335,000 $464,438 $0 10.13%
    Cash Out Refi 40 $20,190,000 $504,750 $0 10.65%
    Refi 1 $1,305,000 $1,305,000 $0 8.95%

    For 2019, Pacific Equity And Loan's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $39,225,000 $509,416 $0 10.39%
    1 Year 53 $23,605,000 $445,377 $0 10.35%

    For 2019, Pacific Equity And Loan's most frequently cited loan duration was Other, with 77 originations. The 2nd most popular length was 1 Year, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 82 $32,390,000 $395,000
    7-8% 1 $485,000 $485,000

    During 2019, 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 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 37 $10,625,000 $287,162 $0 10.59%
    $100k-200k 31 $4,635,000 $149,516 $0 10.36%
    $400k-600k 22 $11,170,000 $507,727 $0 9.56%
    $1MM+ 14 $25,620,000 $1,830,000 $0 10.99%
    $100,000 or less 13 $865,000 $66,538 $0 10.50%
    $600k-1MM 13 $9,915,000 $762,692 $0 10.83%

    2019 saw Pacific Equity And Loan place emphasis on $200k-400k loans with 37 originations, totaling $10,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $13,090,000 $727,222 $0 10.11%
    $250k+ 8 $2,600,000 $325,000 $0 9.56%
    $150k-250k 6 $3,160,000 $526,667 $0 10.58%
    $50k or less 5 $1,175,000 $235,000 $0 9.90%
    $50k-75k 3 $1,125,000 $375,000 $0 9.67%
    $75k-100k 3 $655,000 $218,333 $0 9.33%

    Pacific Equity And Loan lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 17 $12,765,000 $750,882 $0 10.76%
    <20% 10 $2,850,000 $285,000 $0 10.05%
    20-30% 7 $1,705,000 $243,571 $0 9.79%
    39% 6 $3,330,000 $555,000 $0 8.50%
    50-60% 2 $1,240,000 $620,000 $0 11.50%
    30-36% 2 $490,000 $245,000 $0 9.25%
    48% 2 $600,000 $300,000 $0 9.50%
    41% 1 $455,000 $455,000 $0 9.00%
    36% 1 $465,000 $465,000 $0 9.00%

    Pacific Equity And Loan lent most frequently to those with DTI ratios of >60%, with 17 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $32,905,000 $463,451 $0 10.26%
    Not provided 47 $25,405,000 $540,532 $0 10.31%
    Asian 4 $1,920,000 $480,000 $0 11.00%
    Black 5 $1,885,000 $377,000 $0 11.67%
    Asian Indian 2 $360,000 $180,000 $0 11.75%
    Other Pacific Islander 1 $355,000 $355,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 130 $62,830,000 $483,308

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $815,000 $271,667
    Single Family (1-4 Units):Site-Built 127 $62,015,000 $488,307

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $410,000 $205,000 $0 12.00%
    40-60% 4 $520,000 $130,000 $0 9.88%
    60-80% 10 $4,680,000 $468,000 $0 8.80%
    80-100% 9 $2,215,000 $246,111 $0 9.42%
    Over 100% 6 $1,930,000 $321,667 $0 10.00%
    Under 20% 3 $1,555,000 $518,333 $0 10.17%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Pacific Home Loans, Inc VA mortgage Closing on a mortgage 1 100.0%