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 Cash Out Refi, Refi, and Home Purchase loans. Partner Colorado has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Edwards, Fort Collins, Greeley, and Boulder among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Partner Colorado has an 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 about average 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.61% | 12/16/24 |
| 30 Year Cash-out Refi | 6.84% | 12/16/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
136Origination Dollar Volume (All Markets)
$21,590,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 118 | $18,960,000 | $160,678 | $2,935 | 5.31% |
| Edwards, CO (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $6,517 | 5.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,785 | 4.56% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $1,543 | 6.42% |
| Outside of Metro Areas | 5 | $275,000 | $55,000 | $494 | 6.45% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,659 | 5.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,241 | 4.75% |
| North Platte, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,116 | 4.88% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $240 | 7.57% |
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 |
|---|---|---|---|---|---|
| Conventional | 131 | $20,065,000 | $153,168 | $2,657 | 5.39% |
| VA | 5 | $1,525,000 | $305,000 | $8,081 | 4.50% |
For 2018, Partner Colorado's most frequently originated type of loan was Conventional, with 131 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
For 2018, Partner Colorado's most frequently cited loan purpose was Home Improvement, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
For 2018, Partner Colorado's most frequently cited loan duration was 30 Year, with 58 originations. The 2nd most popular length was 10 Year, with 38 originations.
Origination Fees/Closing Costs
Partner Colorado's average total fees were $5,230, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 67 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 51 | $11,655,000 | $228,529 |
| 5-6% | 44 | $6,200,000 | $140,909 |
| 6-7% | 20 | $1,160,000 | $58,000 |
| 7-8% | 13 | $755,000 | $58,077 |
| 3-4% | 8 | $1,820,000 | $227,500 |
During 2018, Partner Colorado's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 51 originations.
Loan Sizing
2018 saw Partner Colorado place emphasis on $100,000 or less loans with 62 originations, totaling $2,720,000 in origination value.
Applicant Income
Partner Colorado lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $100k-150k, with 32 originations.
Applicant Debt to Income Ratio
Partner Colorado lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.41%
Partner Colorado has a below average approval rate.
Pick Rate
Approvals leading to origination25.74%
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 | 136 | $21,590,000 | $158,750 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $480,000 | $240,000 |
| Single Family (1-4 Units):Site-Built | 134 | $21,110,000 | $157,537 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Partners for Payment Relief | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 100.0% |