Pacific Lending LLC Mortgage Interest Rate and Cost Review

Is Pacific Lending LLC a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Pacific Lending LLC to those of other lenders for a comparable set of borrowers. Here is our review of Pacific Lending LLC nationally:

Review ItemPacific Lending LLC
Interest Ratesimilar to other lenders (+0.08%)
Loan Related Closing Costshigher than other lenders (+$358)
National Rate and Closing Cost Star Rating(3)

On average, Pacific Lending LLC’s interest rates were similar to those of other lenders (+0.08%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$358. Overall, combining interest rates and closing costs we estimate that Pacific Lending LLC tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Pacific Lending LLC, its website is located at: https://www.paclending.com.

Pacific Lending LLC’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track Pacific Lending LLC was most active in:

  1. Los Angeles, CA
  2. Phoenix, AZ
  3. San Diego, CA
  4. Urban Honolulu, HI
  5. Denver, CO

Pacific Lending LLC’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Pacific Lending LLC originated Conforming and FHA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHA
Interest Rate Difference+0.10%+0.02%
Loan Related Closing Cost Difference+$521-$159
Cost Adjusted Rate Difference+0.12%+0.02%
National Star Rating(3)(3.5)
Refinance MortgagesConformingFHA
Interest Rate Difference+0.12%-0.01%
Loan Related Closing Cost Difference+$589+$181
Cost Adjusted Rate Difference+0.14%+0.00%
Average Star Rating(3)(3.5)

As a summary, Pacific Lending LLC is similar to other lenders for FHA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing, Pacific Lending LLC is similar to other lenders for FHA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Pacific Lending LLC:

Registered name: Pacific Lending
Registered city and state: Ontario, CA, 91764
Regulator: Federal Deposit Insurance Corporation (FDIC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Pacific Lending LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.