Partners United Financial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300JRSBCJN2HPK893

Tax ID: 81-2535190

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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: 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.

    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 6.48% 4/28/24
    30 Year Conventional Refi 6.66% 4/28/24
    30 Year Cash-out Refi 7.33% 4/28/24
    30 Year FHA Purchase 7.32% 4/28/24
    30 Year VA Purchase 6.33% 4/28/24
    30 Year VA Refi 6.28% 4/28/24
    30 Year USDA Purchase 7.14% 4/28/24
    15 Year Conventional Purchase 5.87% 4/28/24
    15 Year Conventional Refi 6.16% 4/28/24
    15 Year Cash-out Refi 6.16% 4/28/24
    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






    Your Estimates

    Estimated 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.


    Originations

    295

    Origination Dollar Volume (All Markets)

    $122,225,000
    Show all (5) 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
    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%
    Partners United Financial's top markets include Columbus, Los Angeles, Casper, Oxnard, and Louisville among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • 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.

    Commonwealth Bank and Trust Company
    Similarity Rank: 133
    Sharefax Credit Union
    Similarity Rank: 170
    Jonah Bank of Wyoming
    Similarity Rank: 190
    CINFED Federal Credit Union
    Similarity Rank: 210
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    First Federal Savings and Loan Association
    Similarity Rank: 366
    Red Rocks Credit Union
    Similarity Rank: 384
    The Community Bank
    Similarity Rank: 406
    Greenville Federal
    Similarity Rank: 420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 220 $96,470,000 $438,500 $7,443 4.47%
    FHA 51 $16,145,000 $316,569 $11,010 4.52%
    VA 22 $9,160,000 $416,364 $11,928 4.09%
    USDA 2 $450,000 $225,000 $9,149 4.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 271 $109,495,000 $404,041 $8,544 4.47%
    Cash Out Refi 14 $7,230,000 $516,429 $7,050 4.56%
    Refi 10 $5,500,000 $550,000 $6,546 3.77%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 284 $119,500,000 $420,775 $8,529 4.50%
    15 Year 8 $2,520,000 $315,000 $6,833 3.52%
    10 Year 1 $15,000 $15,000 $0 3.00%
    20 Year 1 $185,000 $185,000 $2,732 3.63%
    Other 1 $5,000 $5,000 $0 0.00%

    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
    $5k+ 95 $49,995,000 $526,263
    $1k-2k 71 $30,115,000 $424,155
    $3k-4k 44 $15,260,000 $346,818
    $4k-5k 38 $14,360,000 $377,895
    $2k-3k 37 $12,015,000 $324,730
    $<1k 10 $480,000 $48,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 94 $40,490,000 $430,745
    3-4% 90 $41,450,000 $460,556
    5-6% 63 $25,765,000 $408,968
    6-7% 16 $5,780,000 $361,250
    2.5-3% 16 $5,110,000 $319,375
    <2.5% 9 $375,000 $41,667
    7-8% 6 $2,950,000 $491,667
    Over 8% 1 $305,000 $305,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 119 $35,935,000 $301,975 $8,064 4.57%
    $400k-600k 93 $43,005,000 $462,419 $9,542 4.55%
    $600k-1MM 39 $29,625,000 $759,615 $9,975 4.72%
    $100k-200k 26 $4,410,000 $169,615 $4,990 4.55%
    $100,000 or less 11 $275,000 $25,000 $736 1.17%
    $1MM+ 7 $8,975,000 $1,282,143 $15,124 4.25%

    2022 saw Partners United Financial place emphasis on $200k-400k loans with 119 originations, totaling $35,935,000 in origination value.

    Applicant Income

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $15,555,000 $379,390 $7,425 4.37%
    30-36% 34 $16,720,000 $491,765 $8,595 4.33%
    49% 24 $10,440,000 $435,000 $9,158 5.01%
    50-60% 23 $8,795,000 $382,391 $12,261 4.49%
    41% 19 $7,825,000 $411,842 $8,314 4.11%
    <20% 18 $3,600,000 $200,000 $4,991 2.62%
    44% 15 $6,755,000 $450,333 $9,114 4.36%
    39% 15 $6,185,000 $412,333 $8,565 4.35%
    48% 14 $5,790,000 $413,571 $7,910 5.11%
    47% 14 $6,370,000 $455,000 $7,074 4.83%
    36% 12 $4,530,000 $377,500 $8,429 4.97%
    46% 12 $4,130,000 $344,167 $8,505 4.71%
    38% 11 $5,925,000 $538,636 $8,099 4.75%
    43% 11 $4,165,000 $378,636 $8,389 5.01%
    40% 9 $3,585,000 $398,333 $9,034 4.80%
    37% 9 $4,275,000 $475,000 $7,225 4.47%
    45% 8 $3,290,000 $411,250 $8,222 4.67%
    42% 6 $4,290,000 $715,000 $10,300 3.81%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 174 $76,900,000 $441,954 $8,694 4.46%
    Not provided 72 $23,030,000 $319,861 $7,991 4.39%
    Asian 26 $12,970,000 $498,846 $7,719 4.53%
    Black 22 $8,620,000 $391,818 $8,452 4.30%
    Korean 1 $705,000 $705,000 $4,995 7.13%

    Approval Rates

    Total approvals of all applications
    92.91%

    Partners United Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    37.97%

    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 295 $122,225,000 $414,322

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    295 $122,225,000 $414,322

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,645,000 $329,000 $9,422 5.50%
    40-60% 23 $9,965,000 $433,261 $5,567 4.69%
    60-80% 85 $44,475,000 $523,235 $8,915 4.60%
    80-100% 163 $62,385,000 $382,730 $8,483 4.55%
    Over 100% 10 $3,650,000 $365,000 $16,398 4.14%
    Under 20% 9 $105,000 $11,667 $0 0.33%