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 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.
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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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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 |