# Bank of the Pacific

> **Canonical URL:** https://saferate.com/lenders/bank-of-the-pacific


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bank of the Pacific is a bank, headquartered in Aberdeen, WA, serving borrowers across 2 states, with 83 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 58% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 61% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300MP3KK77THHQT36
- **Headquarters:** Aberdeen, WA
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** OR, WA
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 39/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.220%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,682
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 83
- **Dollar Volume:** $36 million
- **Applications Received:** 115
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $438,373
- **Average Borrower Income:** $173,916
- **Average Property Value:** $673,072

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 38/100 | 68 | +0.263% | $2,941 | Acceptable 🙂 |
| FHA | 35/100 | 11 | +0.117% | $1,209 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 52 loans, Score: 36/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 39/100 | 67 | $31M | +0.188% | Acceptable 🙂 |
| Refinance | 26/100 | 16 | $5M | +0.346% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 65 | 0.08% | 67/100 |
| OR | 18 | 0.04% | 52/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 31 | 44/100 |
| Bellingham, WA | WA | 22 | 62/100 |

## Where This Lender Ranks

Bank of the Pacific appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#5** in Bellingham, WA Banks
  - [View Full Rankings](https://saferate.com/bellingham-wa/best-mortgage-lenders/banks)
- 🏆 **#10** in Bellingham, WA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bellingham-wa/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Bank of the Pacific offer?

Bank of the Pacific offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bank of the Pacific offer mortgages?

Bank of the Pacific offers mortgages in 2 states: OR, WA.

### How competitive are Bank of the Pacific's mortgage rates?

Bank of the Pacific has a pricing score of 42/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.220% above market average.

### What type of lender is Bank of the Pacific?

Bank of the Pacific is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Aberdeen, WA.

### What is Bank of the Pacific's loan approval success rate?

Bank of the Pacific has a pull-through score of 39/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bank-of-the-pacific

### How to Cite

> "Bank of the Pacific Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank-of-the-pacific

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