Cornerstone Mortgage Partners Of Texas L.p. Rates, Fees & Info

HOUSTON, TX

LEI: 549300ESJ15K604ZW846

Tax ID: 20-5113139

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cornerstone Mortgage Partners Of Texas L.p. is a smaller mortgage company specializing in Home Purchase loans. Cornerstone Mortgage Partners Of Texas L.p. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Houston, Dallas, Austin, San Antonio, and College Station among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cornerstone Mortgage Partners Of Texas L.p. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cornerstone Mortgage Partners Of Texas L.p. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 12/16/24
    30 Year Conventional Refi 6.73% 12/16/24
    30 Year Cash-out Refi 7.06% 12/16/24
    30 Year FHA Purchase 7.49% 12/16/24
    30 Year VA Purchase 5.97% 12/16/24
    15 Year Conventional Purchase 5.83% 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.

    Cornerstone Mortgage Partners Of Texas L.p. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cornerstone Mortgage Partners Of Texas L.p.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    894

    Origination Dollar Volume (All Markets)

    $318,530,000

    Awards

    CORNERSTONE MORTGAGE PARTNERS OF TEXAS L.P. 30 Year Conventional Loans bronze CORNERSTONE MORTGAGE PARTNERS OF TEXAS L.P. 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 380 $130,430,000 $343,237 $7,943 3.09%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 252 $96,970,000 $384,802 $7,808 3.10%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 167 $60,475,000 $362,126 $7,259 3.04%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 93 $30,055,000 $323,172 $7,722 2.87%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $505,000 $505,000 $5,816 3.25%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,698 3.13%
    Cornerstone Mortgage Partners Of Texas L.p.'s top markets include Houston, Dallas, Austin, San Antonio, and College Station among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CORNERSTONE MORTGAGE PARTNERS OF TEXAS L.P. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    United Heritage Credit Union
    Similarity Rank: 657
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    AAXY L.L.C.
    Similarity Rank: 1836
    Shea Mortgage Inc.
    Similarity Rank: 1848
    TEXAS TRUST
    Similarity Rank: 1885
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895
    DATCU
    Similarity Rank: 1900
    PRIMEWAY
    Similarity Rank: 2088
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 2142

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 694 $244,340,000 $352,075 $7,199 3.03%
    VA 118 $49,300,000 $417,797 $7,702 3.06%
    FHA 82 $24,890,000 $303,537 $12,331 3.31%

    For 2020, Cornerstone Mortgage Partners Of Texas L.p.'s most frequently originated type of loan was Conventional, with 694 originations. Their 2nd most popular type was VA, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 873 $312,345,000 $357,784 $7,795 3.06%
    Refi 18 $5,280,000 $293,333 $5,812 3.11%
    Cash Out Refi 3 $905,000 $301,667 $5,865 3.50%

    For 2020, Cornerstone Mortgage Partners Of Texas L.p.'s most frequently cited loan purpose was Home Purchase, with 873 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 807 $292,405,000 $362,336 $7,888 3.09%
    15 Year 77 $22,515,000 $292,403 $6,061 2.69%
    20 Year 8 $2,980,000 $372,500 $8,473 3.17%
    10 Year 1 $265,000 $265,000 $10,151 2.50%
    Other 1 $365,000 $365,000 $8,776 3.13%

    For 2020, Cornerstone Mortgage Partners Of Texas L.p.'s most frequently cited loan duration was 30 Year, with 807 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 328 $116,640,000 $355,610
    $5k+ 168 $70,040,000 $416,905
    $3k-4k 113 $38,245,000 $338,451
    $2k-3k 104 $34,390,000 $330,673
    $4k-5k 93 $31,575,000 $339,516
    $<1k 78 $25,320,000 $324,615

    Cornerstone Mortgage Partners Of Texas L.p.'s average total fees were $7,888, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 328 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 401 $144,505,000 $360,362
    3-4% 378 $135,350,000 $358,069
    <2.5% 93 $30,575,000 $328,763
    4-5% 21 $7,545,000 $359,286
    5-6% 1 $555,000 $555,000

    During 2020, Cornerstone Mortgage Partners Of Texas L.p.'s average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 401 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 495 $155,415,000 $313,970 $7,450 3.12%
    $400k-600k 323 $149,405,000 $462,554 $8,555 3.05%
    $100k-200k 61 $10,215,000 $167,459 $4,856 3.01%
    $100,000 or less 10 $200,000 $20,000 $4,322 0.54%
    $600k-1MM 5 $3,295,000 $659,000 $18,945 3.05%

    2020 saw Cornerstone Mortgage Partners Of Texas L.p. place emphasis on $200k-400k loans with 495 originations, totaling $155,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 292 $106,090,000 $363,322 $7,823 3.07%
    $150k-250k 252 $100,910,000 $400,437 $7,819 3.08%
    $75k-100k 137 $42,765,000 $312,153 $7,603 3.07%
    $50k-75k 105 $25,285,000 $240,810 $6,955 2.93%
    $250k+ 84 $35,870,000 $427,024 $8,811 3.11%
    $50k or less 24 $7,610,000 $317,083 $6,632 3.02%

    Cornerstone Mortgage Partners Of Texas L.p. lent most frequently to those with incomes in the $100k-150k range, with 292 originations. The second most popular income band? $150k-250k, with 252 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 179 $63,445,000 $354,441 $7,290 2.98%
    30-36% 146 $54,000,000 $369,863 $7,590 3.07%
    50-60% 71 $25,795,000 $363,310 $10,436 3.08%
    <20% 46 $14,470,000 $314,565 $6,814 2.93%
    44% 45 $15,905,000 $353,444 $7,248 3.15%
    48% 41 $13,895,000 $338,902 $8,634 3.03%
    43% 39 $12,785,000 $327,821 $6,724 3.23%
    46% 36 $12,850,000 $356,944 $8,884 3.11%
    49% 36 $12,570,000 $349,167 $7,257 3.12%
    41% 35 $12,185,000 $348,143 $7,361 3.09%
    42% 33 $11,465,000 $347,424 $7,816 3.03%
    38% 32 $11,920,000 $372,500 $7,108 3.01%
    45% 31 $11,175,000 $360,484 $6,318 3.00%
    36% 26 $10,010,000 $385,000 $7,617 3.10%
    47% 26 $8,630,000 $331,923 $7,444 2.87%
    39% 25 $9,265,000 $370,600 $8,520 3.29%
    37% 23 $8,955,000 $389,348 $8,777 2.97%
    40% 21 $8,205,000 $390,714 $8,011 3.38%
    >60% 3 $1,005,000 $335,000 $7,101 3.13%

    Cornerstone Mortgage Partners Of Texas L.p. lent most frequently to those with DTI ratios of 20-30%, with 179 originations. The next most common DTI ratio? 30-36%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 502 $176,670,000 $351,932 $7,765 3.07%
    Black 113 $41,345,000 $365,885 $7,666 3.22%
    Not provided 105 $37,705,000 $359,095 $7,620 3.02%
    Asian 94 $34,880,000 $371,064 $7,876 3.02%
    Asian Indian 35 $13,775,000 $393,571 $7,786 2.84%
    American Indian 19 $5,585,000 $293,947 $8,369 2.97%
    Other Asian 13 $4,225,000 $325,000 $7,651 2.89%
    Vietnamese 4 $1,380,000 $345,000 $6,677 2.97%
    Filipino 3 $875,000 $291,667 $7,419 2.79%
    Other Pacific Islander 2 $750,000 $375,000 $5,019 2.81%
    Chinese 2 $700,000 $350,000 $9,654 3.13%
    Japanese 1 $405,000 $405,000 $5,746 3.50%
    Korean 1 $235,000 $235,000 $6,897 2.38%

    Approval Rates

    Total approvals of all applications
    94.74%

    Cornerstone Mortgage Partners Of Texas L.p. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.13%

    Cornerstone Mortgage Partners Of Texas L.p. 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 894 $318,530,000 $356,298

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 894 $318,530,000 $356,298

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,870,000 $161,250 $3,803 2.93%
    40-60% 57 $14,535,000 $255,000 $6,118 2.87%
    60-80% 249 $89,915,000 $361,104 $7,508 3.06%
    80-100% 533 $200,305,000 $375,807 $7,794 3.14%
    Over 100% 23 $9,865,000 $428,913 $17,304 2.97%
    Under 20% 8 $40,000 $5,000 $0 0.00%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CORNERSTONE MORTGAGE, INC. Conventional home mortgage Incorrect information on your report 1 100.0%