Partners United Financial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300JRSBCJN2HPK893
Tax ID: 81-2535190
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Mortgage Data
Review & Overview
Partners United Financial is a smaller mortgage company specializing in Home Purchase loans. Partners United Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Casper, Columbus, Los Angeles, Oxnard, and Santa Maria among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Partners United Financial 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. Partners United Financial is typically a high 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 | 6.48% | 11/17/24 |
| 30 Year Conventional Refi | 6.66% | 11/17/24 |
| 30 Year Cash-out Refi | 7.33% | 11/17/24 |
| 30 Year FHA Purchase | 7.32% | 11/17/24 |
| 30 Year VA Purchase | 6.33% | 11/17/24 |
| 30 Year VA Refi | 6.28% | 11/17/24 |
| 30 Year USDA Purchase | 7.14% | 11/17/24 |
| 15 Year Conventional Purchase | 5.87% | 11/17/24 |
| 15 Year Conventional Refi | 6.16% | 11/17/24 |
| 15 Year Cash-out Refi | 6.16% | 11/17/24 |
| 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. | ||
Partners United Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
19Origination Dollar Volume (All Markets)
$7,915,000Awards
PARTNERS UNITED FINANCIAL - 2023
PARTNERS UNITED FINANCIAL is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Partners United Financial's average 30 year fixed mortgage rate was
6.29%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.19%.
Relative Fees (Closing Costs)
Partners United Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,215.
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 |
|---|---|---|---|---|---|
| CASPER, WY (FHA|USDA|VA) | 8 | $2,550,000 | $318,750 | $7,976 | 6.39% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $10,282 | 5.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $12,039 | 6.19% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $7,804 | 6.81% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against PARTNERS UNITED FINANCIAL 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 | 17 | $7,205,000 | $423,824 | $7,905 | 6.26% |
| FHA | 2 | $710,000 | $355,000 | $19,042 | 6.56% |
For 2023, Partners United Financial's most frequently originated type of loan was Conventional, with 17 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 19 | $7,915,000 | $416,579 | $9,215 | 6.29% |
For 2023, Partners United Financial's most frequently cited loan purpose was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 19 | $7,915,000 | $416,579 | $9,215 | 6.29% |
For 2023, Partners United Financial's most frequently cited loan duration was 30 Year, with 19 originations.
Origination Fees/Closing Costs
Partners United Financial's average total fees were $9,215, 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% | 10 | $3,660,000 | $366,000 |
| 5-6% | 7 | $3,025,000 | $432,143 |
| 7-8% | 2 | $1,230,000 | $615,000 |
During 2023, Partners United Financial's average interest rate for loans was 6.29%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
2023 saw Partners United Financial place emphasis on $200k-400k loans with 7 originations, totaling $2,275,000 in origination value.
Applicant Income
Partners United Financial lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
Partners United Financial lent most frequently to those with DTI ratios of 44%, with 2 originations. The next most common DTI ratio? 45%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
Partners United Financial has an average approval rate.
Pick Rate
Approvals leading to origination-94.74%
Partners United Financial 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 | 19 | $7,915,000 | $416,579 |