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. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Columbus, Fort Collins, Casper, and Greeley among others. We have data for 38 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 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 | 6.48% | 11/21/24 |
| 30 Year Conventional Refi | 6.66% | 11/21/24 |
| 30 Year Cash-out Refi | 7.33% | 11/21/24 |
| 30 Year FHA Purchase | 7.32% | 11/21/24 |
| 30 Year VA Purchase | 6.33% | 11/21/24 |
| 30 Year VA Refi | 6.28% | 11/21/24 |
| 30 Year USDA Purchase | 7.14% | 11/21/24 |
| 15 Year Conventional Purchase | 5.87% | 11/21/24 |
| 15 Year Conventional Refi | 6.16% | 11/21/24 |
| 15 Year Cash-out Refi | 6.16% | 11/21/24 |
| 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
812Origination Dollar Volume (All Markets)
$189,650,000Awards
PARTNERS UNITED FINANCIAL - 2018
PARTNERS UNITED FINANCIAL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 108 | $62,550,000 | $579,167 | $8,000 | 4.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 370 | $60,360,000 | $163,135 | $3,945 | 5.07% |
| FORT COLLINS, CO (FHA|USDA|VA) | 51 | $15,485,000 | $303,627 | $3,886 | 4.84% |
| CASPER, WY (FHA|USDA|VA) | 56 | $9,120,000 | $162,857 | $4,677 | 4.50% |
| GREELEY, CO (FHA|USDA|VA) | 23 | $5,755,000 | $250,217 | $3,668 | 4.92% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 13 | $5,335,000 | $410,385 | $5,387 | 5.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 16 | $4,830,000 | $301,875 | $6,012 | 5.02% |
| LOUISVILLE, KY (FHA|USDA|VA) | 25 | $4,705,000 | $188,200 | $3,429 | 5.15% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 47 | $4,555,000 | $96,915 | $3,628 | 5.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $3,000,000 | $375,000 | $7,065 | 5.09% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 24 | $2,730,000 | $113,750 | $3,464 | 5.10% |
| Bellefontaine, OH (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $3,987 | 5.30% |
| Urbana, OH (FHA|USDA|VA) | 9 | $1,175,000 | $130,556 | $3,664 | 5.10% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $7,839 | 4.67% |
| Outside of Metro Areas | 8 | $820,000 | $102,500 | $3,911 | 4.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $14,430 | 4.88% |
| Mount Vernon, OH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,917 | 4.62% |
| Sidney, OH (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $4,130 | 5.10% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 8 | $500,000 | $62,500 | $2,408 | 5.20% |
| Marion, OH (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,769 | 5.17% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,638 | 4.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,986 | 4.91% |
| CHICO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,563 | 4.70% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,860 | 5.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,597 | 4.63% |
| Gillette, WY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,580 | 4.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,240 | 4.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,379 | 4.83% |
| LIMA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,177 | 5.50% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.25% |
| Zanesville, OH (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $2,200 | 4.75% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,240 | 5.25% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,964 | 5.38% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,434 | 5.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,193 | 5.75% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,901 | 5.75% |
| Madison, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,455 | 5.88% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,305 | 4.25% |
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
For 2018, Partners United Financial's most frequently originated type of loan was Conventional, with 526 originations. Their 2nd most popular type was FHA, with 182 originations.
Loan Reason
For 2018, Partners United Financial's most frequently cited loan purpose was Home Purchase, with 735 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.
Loan Duration/Length
For 2018, Partners United Financial's most frequently cited loan duration was 30 Year, with 737 originations. The 2nd most popular length was Other, with 50 originations.
Origination Fees/Closing Costs
Partners United Financial's average total fees were $4,930, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 452 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 388 | $111,190,000 | $286,572 |
| 5-6% | 309 | $65,335,000 | $211,440 |
| 3-4% | 27 | $6,005,000 | $222,407 |
| 6-7% | 13 | $5,955,000 | $458,077 |
| 7-8% | 5 | $715,000 | $143,000 |
During 2018, Partners United Financial's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 4-5%, with 388 originations.
Loan Sizing
2018 saw Partners United Financial place emphasis on $100k-200k loans with 290 originations, totaling $42,730,000 in origination value.
Applicant Income
Partners United Financial lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $50k or less, with 195 originations.
Applicant Debt to Income Ratio
Partners United Financial lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 126 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.85%
Partners United Financial has an average approval rate.
Pick Rate
Approvals leading to origination74.26%
Partners United Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 812 | $189,650,000 | $233,559 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $1,165,000 | $166,429 |
| Single Family (1-4 Units):Site-Built | 805 | $188,485,000 | $234,143 |
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% |