Partner Colorado Mortgage Rates, Fees & Info
Arvada, COLEI: 5493009OHBOFDUG78546
Tax ID: 84-0187935
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Mortgage Data
Review & Overview
Partner Colorado is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase loans. Partner Colorado has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Colorado Springs, Greeley, and Kansas City among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Partner Colorado has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Partner Colorado is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 4/18/24 |
| 30 Year Conventional Refi | 6.61% | 4/18/24 |
| 30 Year Cash-out Refi | 6.84% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Partner Colorado Mortgage Calculator
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This is not an official calculator from Partner Colorado. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
216Origination Dollar Volume (All Markets)
$22,520,000Relative Rate
Partner Colorado's average 30 year fixed mortgage rate was
6.94%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.46%.
Relative Fees (Closing Costs)
Partner Colorado's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,744.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 191 | $17,765,000 | $93,010 | $6,890 | 6.85% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $9,165 | 6.87% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $0 | 6.83% |
| GREELEY, CO (FHA|USDA|VA) | 8 | $960,000 | $120,000 | $5,235 | 6.37% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,484 | 6.25% |
| Outside of Metro Areas | 2 | $350,000 | $175,000 | $3,878 | 6.18% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 7.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,443 | 6.63% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.92% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against PARTNER COLORADO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 200 | $16,090,000 | $80,450 | n/a | 6.84% |
| Conventional | 15 | $6,255,000 | $417,000 | $6,744 | 6.94% |
| VA | 1 | $175,000 | $175,000 | $7,688 | 4.88% |
For 2023, Partner Colorado's most frequently originated type of loan was HELOC, with 200 originations. Their 2nd most popular type was Conventional, with 15 originations.
Loan Reason
For 2023, Partner Colorado's most frequently cited loan purpose was Home Improvement, with 103 originations. The 2nd most popular reason was Other, with 79 originations.
Loan Duration/Length
For 2023, Partner Colorado's most frequently cited loan duration was 15 Year, with 189 originations. The 2nd most popular length was 30 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 6 | $2,930,000 | $488,333 |
| $3k-4k | 5 | $1,455,000 | $291,000 |
| $2k-3k | 3 | $1,075,000 | $358,333 |
| $1k-2k | 1 | $245,000 | $245,000 |
Partner Colorado's average total fees were $6,744, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 97 | $10,685,000 | $110,155 |
| 7-8% | 57 | $7,015,000 | $123,070 |
| 5-6% | 47 | $3,715,000 | $79,043 |
| Over 8% | 14 | $930,000 | $66,429 |
| 4-5% | 1 | $175,000 | $175,000 |
During 2023, Partner Colorado's average interest rate for loans was 6.94%, while their most frequently originated rate bucket for loans was 6-7%, with 97 originations.
Loan Sizing
2023 saw Partner Colorado place emphasis on $100,000 or less loans with 150 originations, totaling $7,850,000 in origination value.
Applicant Income
Partner Colorado lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 50 originations.
Applicant Debt to Income Ratio
Partner Colorado lent most frequently to those with DTI ratios of 30-36%, with 39 originations. The next most common DTI ratio? 20-30%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications57.93%
Partner Colorado has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination52.78%
Partner Colorado has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 216 | $22,520,000 | $104,259 |