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 Cash Out Refi loans. Pacific Equity And Loan has a high proportion of conventional loans. They have a low ratio of USDA loans.Pacific Equity And Loan has an average approval rate when compared to the average across all lenders.
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Originations
167Origination Dollar Volume (All Markets)
$75,805,000Top 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 | 167 | $75,805,000 | $453,922 | $0 | 10.30% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 165 | $75,275,000 | $456,212 | $0 | 10.29% |
| USDA | 2 | $530,000 | $265,000 | $0 | 11.50% |
For 2021, Pacific Equity And Loan's most frequently originated type of loan was Conventional, with 165 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 96 | $43,420,000 | $452,292 | $0 | 10.70% |
| Cash Out Refi | 39 | $19,695,000 | $505,000 | $0 | 9.90% |
| Refi | 32 | $12,690,000 | $396,563 | $0 | 9.63% |
For 2021, Pacific Equity And Loan's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 148 | $60,770,000 | $410,608 | $0 | 10.31% |
| 1 Year | 19 | $15,035,000 | $791,316 | $0 | 10.22% |
For 2021, Pacific Equity And Loan's most frequently cited loan duration was Other, with 148 originations. The 2nd most popular length was 1 Year, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 151 | $68,225,000 | $451,821 |
| 7-8% | 14 | $6,970,000 | $497,857 |
During 2021, 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 151 originations.
Loan Sizing
2021 saw Pacific Equity And Loan place emphasis on $200k-400k loans with 81 originations, totaling $23,875,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 58 | $30,280,000 | $522,069 | $0 | 10.38% |
Pacific Equity And Loan lent most frequently to those with incomes in the $250k+ range, with 58 originations.
Applicant Debt to Income Ratio
Pacific Equity And Loan lent most frequently to those with DTI ratios of >60%, with 31 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.34%
Pacific Equity And Loan has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $610,000 | $305,000 |
| 1000.0 | 1 | $15,000 | $15,000 |
| 10012.0 | 1 | $445,000 | $445,000 |
| 10085.0 | 1 | $435,000 | $435,000 |
| 10100.0 | 1 | $445,000 | $445,000 |
| 10191.6 | 1 | $435,000 | $435,000 |
| 10195.0 | 1 | $225,000 | $225,000 |
| 10537.5 | 1 | $305,000 | $305,000 |
| 10792.5 | 1 | $425,000 | $425,000 |
| 10858.9 | 1 | $375,000 | $375,000 |
| 10875.0 | 1 | $385,000 | $385,000 |
| 10955.0 | 1 | $445,000 | $445,000 |
| 11105.0 | 1 | $505,000 | $505,000 |
| 11135.8 | 1 | $495,000 | $495,000 |
| 11208.0 | 1 | $325,000 | $325,000 |
| 11275.0 | 1 | $405,000 | $405,000 |
| 11475.0 | 1 | $395,000 | $395,000 |
| 11535.0 | 1 | $455,000 | $455,000 |
| 119151.0 | 1 | $3,925,000 | $3,925,000 |
| 12040.0 | 1 | $365,000 | $365,000 |
| 12155.0 | 1 | $505,000 | $505,000 |
| 12190.0 | 1 | $555,000 | $555,000 |
| 12325.0 | 2 | $750,000 | $375,000 |
| 12443.75 | 1 | $435,000 | $435,000 |
| 12514.0 | 1 | $375,000 | $375,000 |
| 12547.5 | 1 | $515,000 | $515,000 |
| 12680.0 | 1 | $305,000 | $305,000 |
| 12775.0 | 1 | $585,000 | $585,000 |
| 12825.0 | 2 | $1,170,000 | $585,000 |
| 12850.0 | 1 | $385,000 | $385,000 |
| 13100.0 | 1 | $585,000 | $585,000 |
| 13681.0 | 1 | $635,000 | $635,000 |
| 13795.0 | 1 | $315,000 | $315,000 |
| 13899.0 | 1 | $645,000 | $645,000 |
| 13995.0 | 1 | $605,000 | $605,000 |
| 14400.0 | 1 | $535,000 | $535,000 |
| 1524.2 | 1 | $25,000 | $25,000 |
| 15775.0 | 1 | $465,000 | $465,000 |
| 17350.0 | 1 | $465,000 | $465,000 |
| 17357.4 | 1 | $795,000 | $795,000 |
| 17460.0 | 1 | $535,000 | $535,000 |
| 1795.0 | 1 | $35,000 | $35,000 |
| 18115.0 | 1 | $425,000 | $425,000 |
| 19275.0 | 3 | $2,745,000 | $915,000 |
| 20380.0 | 1 | $475,000 | $475,000 |
| 20750.0 | 1 | $775,000 | $775,000 |
| 21075.0 | 1 | $1,155,000 | $1,155,000 |
| 22757.5 | 1 | $595,000 | $595,000 |
| 2325.0 | 1 | $125,000 | $125,000 |
| 23415.0 | 1 | $735,000 | $735,000 |
| 24642.9 | 1 | $705,000 | $705,000 |
| 27207.5 | 1 | $795,000 | $795,000 |
| 2970.0 | 1 | $185,000 | $185,000 |
| 3003.75 | 1 | $135,000 | $135,000 |
| 34999.64 | 1 | $1,655,000 | $1,655,000 |
| 36668.75 | 1 | $1,095,000 | $1,095,000 |
| 39195.0 | 1 | $955,000 | $955,000 |
| 3925.0 | 1 | $145,000 | $145,000 |
| 3945.0 | 1 | $145,000 | $145,000 |
| 4062.5 | 1 | $235,000 | $235,000 |
| 4075.0 | 1 | $155,000 | $155,000 |
| 4225.0 | 1 | $315,000 | $315,000 |
| 4228.5 | 1 | $25,000 | $25,000 |
| 4295.0 | 1 | $165,000 | $165,000 |
| 4496.0 | 1 | $145,000 | $145,000 |
| 4500.0 | 1 | $25,000 | $25,000 |
| 4566.8 | 1 | $35,000 | $35,000 |
| 45946.0 | 1 | $1,265,000 | $1,265,000 |
| 4825.0 | 1 | $185,000 | $185,000 |
| 4910.0 | 4 | $780,000 | $195,000 |
| 49840.0 | 1 | $1,145,000 | $1,145,000 |
| 5010.0 | 1 | $175,000 | $175,000 |
| 5131.55 | 1 | $205,000 | $205,000 |
| 5228.88 | 1 | $155,000 | $155,000 |
| 5360.0 | 2 | $390,000 | $195,000 |
| 5400.0 | 2 | $390,000 | $195,000 |
| 5575.0 | 1 | $225,000 | $225,000 |
| 57500.0 | 1 | $1,405,000 | $1,405,000 |
| 6138.18 | 3 | $705,000 | $235,000 |
| 6203.28 | 1 | $215,000 | $215,000 |
| 6210.0 | 1 | $245,000 | $245,000 |
| 6422.7 | 1 | $165,000 | $165,000 |
| 6435.0 | 1 | $255,000 | $255,000 |
| 6445.0 | 1 | $265,000 | $265,000 |
| 6515.0 | 1 | $275,000 | $275,000 |
| 6570.41 | 3 | $735,000 | $245,000 |
| 6607.5 | 2 | $490,000 | $245,000 |
| 6635.0 | 1 | $275,000 | $275,000 |
| 66640.0 | 1 | $1,675,000 | $1,675,000 |
| 6675.0 | 1 | $285,000 | $285,000 |
| 6687.5 | 3 | $735,000 | $245,000 |
| 6735.0 | 1 | $275,000 | $275,000 |
| 6818.0 | 1 | $275,000 | $275,000 |
| 6903.0 | 1 | $285,000 | $285,000 |
| 6915.0 | 1 | $275,000 | $275,000 |
| 6925.0 | 1 | $295,000 | $295,000 |
| 6941.0 | 1 | $295,000 | $295,000 |
| 6985.0 | 1 | $265,000 | $265,000 |
| 7027.2 | 1 | $235,000 | $235,000 |
| 7070.0 | 1 | $285,000 | $285,000 |
| 7090.0 | 1 | $275,000 | $275,000 |
| 7176.95 | 1 | $195,000 | $195,000 |
| 7200.0 | 1 | $285,000 | $285,000 |
| 7275.0 | 1 | $245,000 | $245,000 |
| 7280.0 | 1 | $275,000 | $275,000 |
| 7300.0 | 1 | $185,000 | $185,000 |
| 7315.0 | 1 | $205,000 | $205,000 |
| 73524.49 | 1 | $1,375,000 | $1,375,000 |
| 7373.61 | 1 | $255,000 | $255,000 |
| 7440.0 | 1 | $315,000 | $315,000 |
| 7450.0 | 1 | $515,000 | $515,000 |
| 7461.25 | 1 | $365,000 | $365,000 |
| 74670.13 | 1 | $1,835,000 | $1,835,000 |
| 7608.0 | 6 | $1,590,000 | $265,000 |
| 7739.0 | 1 | $335,000 | $335,000 |
| 8041.0 | 1 | $255,000 | $255,000 |
| 8200.0 | 1 | $275,000 | $275,000 |
| 82390.0 | 1 | $2,095,000 | $2,095,000 |
| 8285.0 | 1 | $365,000 | $365,000 |
| 8295.0 | 1 | $365,000 | $365,000 |
| 8415.0 | 1 | $255,000 | $255,000 |
| 8485.0 | 1 | $375,000 | $375,000 |
| 8560.0 | 1 | $365,000 | $365,000 |
| 8632.3 | 1 | $275,000 | $275,000 |
| 8730.0 | 1 | $365,000 | $365,000 |
| 8758.0 | 1 | $235,000 | $235,000 |
| 8855.0 | 1 | $385,000 | $385,000 |
| 8875.0 | 1 | $385,000 | $385,000 |
| 8950.0 | 1 | $355,000 | $355,000 |
| 9135.0 | 1 | $385,000 | $385,000 |
| 9175.0 | 1 | $405,000 | $405,000 |
| 9316.75 | 1 | $365,000 | $365,000 |
| 93561.98 | 1 | $3,695,000 | $3,695,000 |
| 9398.0 | 1 | $365,000 | $365,000 |
| 9445.0 | 1 | $405,000 | $405,000 |
| 9535.0 | 1 | $375,000 | $375,000 |
| 9545.0 | 1 | $425,000 | $425,000 |
| 9645.0 | 1 | $315,000 | $315,000 |
| 9721.59 | 1 | $275,000 | $275,000 |
| 9741.0 | 1 | $435,000 | $435,000 |
| 9745.0 | 1 | $435,000 | $435,000 |
| 9800.0 | 1 | $335,000 | $335,000 |
| 9825.0 | 1 | $435,000 | $435,000 |
| 9829.0 | 1 | $425,000 | $425,000 |
| 9950.0 | 1 | $425,000 | $425,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $215,000 | $215,000 | $0 | 11.00% |
| 80-100% | 1 | $235,000 | $235,000 | $0 | 11.00% |
| Over 100% | 6 | $9,770,000 | $1,628,333 | $0 | 9.18% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PACIFIC WESTERN BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |