Partners United Financial Mortgage Rates, Fees & InfoWILMINGTON, DE
Tax ID: 81-2535190
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPartners 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Los Angeles, Casper, Oxnard, and Louisville among others. We have data for 18 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 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.48%||12/10/23|
|30 Year Conventional Refi||6.66%||12/10/23|
|30 Year Cash-out Refi||7.33%||12/10/23|
|30 Year FHA Purchase||7.32%||12/10/23|
|30 Year VA Purchase||6.33%||12/10/23|
|30 Year VA Refi||6.28%||12/10/23|
|30 Year USDA Purchase||7.14%||12/10/23|
|15 Year Conventional Purchase||5.87%||12/10/23|
|15 Year Conventional Refi||6.16%||12/10/23|
|15 Year Cash-out Refi||6.16%||12/10/23|
|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
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Partners United Financial. 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.
Origination Dollar Volume (All Markets)$122,225,000
Partners United Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.26%.
Relative Fees (Closing Costs)
Partners United Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,529.
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 $4,750.
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|
|COLUMBUS, OH (FHA|USDA|VA)||126||$47,600,000||$377,778||$8,916||4.35%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||47||$34,845,000||$741,383||$9,734||4.57%|
|CASPER, WY (FHA|USDA|VA)||79||$21,795,000||$275,886||$6,976||4.30%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||13||$8,355,000||$642,692||$11,616||4.80%|
|LOUISVILLE, KY (FHA|USDA|VA)||10||$3,070,000||$307,000||$4,216||4.50%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||5||$2,425,000||$485,000||$12,212||4.83%|
|Outside of Metro Areas||4||$860,000||$215,000||$8,164||5.97%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||1||$825,000||$825,000||$3,928||5.50%|
|Eureka-Arcata, CA (FHA|USDA|VA)||1||$455,000||$455,000||$7,743||3.99%|
|Campbellsville, KY (FHA|USDA|VA)||1||$275,000||$275,000||$7,427||6.13%|
|Bardstown, KY (FHA|USDA|VA)||1||$265,000||$265,000||$6,071||5.63%|
|FRESNO, CA (FHA|USDA|VA)||1||$265,000||$265,000||$6,611||4.63%|
|Washington Court House, OH (FHA|USDA|VA)||1||$245,000||$245,000||$8,588||5.25%|
|Frankfort, KY (FHA|USDA|VA)||1||$205,000||$205,000||$3,120||4.25%|
|LEXINGTON-FAYETTE, KY (FHA|USDA|VA)||1||$195,000||$195,000||$3,225||3.88%|
|LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA)||1||$195,000||$195,000||$2,113||3.25%|
|SPRINGFIELD, OH (FHA|USDA|VA)||1||$185,000||$185,000||$8,839||5.75%|
|OWENSBORO, KY (FHA|USDA|VA)||1||$165,000||$165,000||$3,091||5.63%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Partners United Financial's most frequently originated type of loan was Conventional, with 220 originations. Their 2nd most popular type was FHA, with 51 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||14||$7,230,000||$516,429||$7,050||4.56%|
For 2022, Partners United Financial's most frequently cited loan purpose was Home Purchase, with 271 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
For 2022, Partners United Financial's most frequently cited loan duration was 30 Year, with 284 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Partners United Financial's average total fees were $8,529, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 95 originations.
During 2022, Partners United Financial's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 94 originations.
2022 saw Partners United Financial place emphasis on $200k-400k loans with 119 originations, totaling $35,935,000 in origination value.
|Applicant Income||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|$50k or less||291||$120,575,000||$414,347||$8,378||4.45%|
Partners United Financial lent most frequently to those with incomes in the $50k or less range, with 291 originations.
Applicant Debt to Income Ratio
Partners United Financial lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 34 originations.
Approval RatesTotal approvals of all applications
Partners United Financial has an average approval rate.
Pick RateApprovals leading to origination
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|