American Pacific Mortgage Interest Rate and Cost Review

Is American Pacific Mortgage a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by American Pacific Mortgage with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (+0.06%)
Loan Related Closing Costshigher than average (+$352)
National Rate and Closing Cost Rating(3.0)

On average, American Pacific Mortgage’s interest rates were similar to those of other lenders (+0.06%) for a comparable set of borrowers. Its average total loan related closing cost was higher than those of other lenders, with a difference of +$352. Overall, combining interest rates and closing costs we estimate that American Pacific Mortgage tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.0 out of 5.0 stars.

American Pacific Mortgage’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track American Pacific Mortgage was most active in:

  1. Los Angeles, CA
  2. Sacramento, CA
  3. Seattle, WA
  4. San Francisco, CA
  5. San Antonio, TX

You can click through to check out American Pacific Mortgage’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

American Pacific Mortgage’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, American Pacific Mortgage originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.08%+0.07%+0.14%+0.02%+0.07%
Loan Related Closing Cost Difference+$533+$461+$823+$31+$0
Cost Adjusted Rate Difference+0.10%+0.10%+0.15%+0.02%+0.06%
Star Rating(3.0)(3.0)(2.5)(3.5)(3.0)
Refinance MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.05%+0.03%+0.09%-0.00%-0.02%
Loan Related Closing Cost Difference+$371+$181+$592+$27-$290
Cost Adjusted Rate Difference+0.07%+0.04%+0.10%+0.00%-0.04%
Star Rating(3.0)(3.5)(3.0)(3.5)(3.5)

As a summary, American Pacific Mortgage is similar to other lenders for USDA purchase mortgages. It is more expensive than other lenders for Conforming, FHA, Jumbo and VA purchase mortgages. For refinancing, American Pacific Mortgage is similar to other lenders for FHA, USDA and VA mortgage refinance. It is more expensive than other lenders for Conforming and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about American Pacific Mortgage:

Registered name: American Pacific Mortgage Corporation
Registered city and state: Roseville, CA, 95661
Regulator: United States Department of Housing and Urban Development (HUD)

* 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 American Pacific Mortgage’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.