Partners Mortgage Rates, Fees & Info

Burbank, CA

LEI: 549300QD5CQZ9PPP5B09

Tax ID: 95-2622194

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Mortgage Data

Review & Overview

Partners is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Partners has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Orlando, Riverside, Lakeland, and San Diego among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

Partners has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Partners 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.

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 6.24% 10/31/24
30 Year Conventional Refi 5.99% 10/31/24
30 Year Cash-out Refi 6.05% 10/31/24
15 Year Conventional Purchase 5.66% 10/31/24
15 Year Conventional Refi 5.75% 10/31/24
15 Year Cash-out Refi 5.75% 10/31/24
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 Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Partners. 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

2,156

Origination Dollar Volume (All Markets)

$584,680,000
Show all (6) 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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 832 $299,100,000 $359,495 $6,677 3.23%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 834 $173,300,000 $207,794 $5,042 3.16%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 134 $34,410,000 $256,791 $5,369 3.29%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 179 $25,875,000 $144,553 $4,263 3.18%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 19 $7,875,000 $414,474 $9,737 3.26%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 26 $7,230,000 $278,077 $6,683 3.47%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $6,105,000 $555,000 $9,941 3.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 22 $4,570,000 $207,727 $4,792 3.51%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $3,290,000 $274,167 $6,607 3.48%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $2,740,000 $456,667 $6,299 3.17%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $2,475,000 $165,000 $5,278 3.61%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $2,395,000 $217,727 $6,477 3.46%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $2,230,000 $371,667 $6,947 2.94%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,660,000 $830,000 $10,048 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,445,000 $289,000 $5,489 2.70%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $12,904 3.13%
THE VILLAGES, FL (FHA|USDA|VA) 3 $975,000 $325,000 $7,418 2.83%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $840,000 $140,000 $4,282 3.38%
MODESTO, CA (FHA|USDA|VA) 2 $780,000 $390,000 $4,966 2.88%
GAINESVILLE, FL (FHA|USDA|VA) 2 $680,000 $340,000 $6,895 2.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $635,000 $211,667 $3,683 3.59%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $610,000 $152,500 $7,298 3.28%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $610,000 $305,000 $4,063 2.56%
FRESNO, CA (FHA|USDA|VA) 3 $585,000 $195,000 $4,828 2.67%
STOCKTON, CA (FHA|USDA|VA) 1 $505,000 $505,000 $12,120 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $495,000 $165,000 $14,206 3.75%
YUBA CITY, CA (FHA|USDA|VA) 1 $495,000 $495,000 $6,267 2.88%
NAPA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,750 2.88%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.00%
Sonora, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,576 2.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $6,451 2.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,385 2.88%
SALINAS, CA (FHA|USDA|VA) 1 $135,000 $135,000 $2,270 2.88%
Crescent City, CA (FHA|USDA|VA) 1 $125,000 $125,000 $3,111 2.88%
MADERA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.62%
CHICO, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.50%
Outside of Metro Areas 1 $25,000 $25,000 $0 4.86%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.50%
Partners's top markets include Los Angeles, Orlando, Riverside, Lakeland, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,574 $513,160,000 $326,023 $5,715 2.89%
    HELOC 582 $71,520,000 $122,887 n/a 4.07%

    For 2021, Partners's most frequently originated type of loan was Conventional, with 1,574 originations. Their 2nd most popular type was HELOC, with 582 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 627 $187,585,000 $299,179 $4,403 2.77%
    Cash Out Refi 509 $178,925,000 $351,523 $7,057 2.76%
    Home Improvement 453 $62,415,000 $137,781 $3,395 3.98%
    Home Purchase 293 $118,975,000 $406,058 $7,522 3.01%
    Other 274 $36,780,000 $134,234 $3,679 4.01%

    For 2021, Partners's most frequently cited loan purpose was Refi, with 627 originations. The 2nd most popular reason was Cash Out Refi, with 509 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,035 $392,325,000 $379,058 $6,752 2.89%
    20 Year 730 $103,650,000 $141,986 $3,278 3.94%
    15 Year 331 $77,425,000 $233,912 $3,847 2.65%
    10 Year 52 $11,060,000 $212,692 $4,470 2.58%
    5 Year 8 $220,000 $27,500 $0 5.06%

    For 2021, Partners's most frequently cited loan duration was 30 Year, with 1,035 originations. The 2nd most popular length was 20 Year, with 730 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 373 $86,905,000 $232,989
    $5k+ 367 $192,555,000 $524,673
    $2k-3k 261 $73,645,000 $282,165
    $1k-2k 253 $56,965,000 $225,158
    $3k-4k 180 $54,250,000 $301,389
    $4k-5k 133 $48,425,000 $364,098

    Partners's average total fees were $6,752, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 373 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,030 $363,240,000 $352,660
    3-4% 628 $118,130,000 $188,105
    <2.5% 350 $91,880,000 $262,514
    4-5% 100 $7,560,000 $75,600
    5-6% 45 $3,105,000 $69,000
    Over 8% 1 $105,000 $105,000

    During 2021, Partners's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,030 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 780 $221,960,000 $284,564 $5,277 2.91%
    $100k-200k 504 $73,950,000 $146,726 $3,686 3.19%
    $100,000 or less 443 $24,425,000 $55,135 $1,187 4.06%
    $400k-600k 267 $129,475,000 $484,925 $7,614 2.85%
    $600k-1MM 135 $100,655,000 $745,593 $12,045 2.96%
    $1MM+ 27 $34,215,000 $1,267,222 $14,276 2.90%

    2021 saw Partners place emphasis on $200k-400k loans with 780 originations, totaling $221,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 535 $140,795,000 $263,168 $6,082 3.20%
    $150k-250k 489 $169,675,000 $346,984 $6,665 3.28%
    $75k-100k 396 $85,090,000 $214,874 $5,210 3.22%
    $50k-75k 346 $58,640,000 $169,480 $4,387 3.17%
    $250k+ 174 $90,100,000 $517,816 $9,125 3.33%
    $50k or less 152 $22,120,000 $145,526 $3,992 2.97%

    Partners lent most frequently to those with incomes in the $100k-150k range, with 535 originations. The second most popular income band? $150k-250k, with 489 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 544 $157,360,000 $289,265 $5,370 3.04%
    30-36% 389 $110,565,000 $284,229 $5,744 3.25%
    <20% 184 $48,110,000 $261,467 $5,085 2.89%
    50-60% 120 $24,180,000 $201,500 $6,527 3.71%
    41% 81 $22,525,000 $278,086 $7,123 3.27%
    37% 81 $22,335,000 $275,741 $5,588 3.21%
    42% 75 $18,585,000 $247,800 $5,410 3.42%
    39% 75 $19,175,000 $255,667 $4,896 3.48%
    36% 70 $16,940,000 $242,000 $5,242 3.23%
    43% 69 $20,795,000 $301,377 $7,057 3.19%
    49% 66 $14,440,000 $218,788 $5,945 3.37%
    38% 63 $17,745,000 $281,667 $6,301 3.34%
    44% 63 $20,025,000 $317,857 $7,686 3.20%
    40% 63 $16,975,000 $269,444 $5,540 3.21%
    47% 61 $16,995,000 $278,607 $6,836 3.26%
    48% 54 $15,440,000 $285,926 $6,817 3.29%
    46% 45 $10,125,000 $225,000 $5,420 3.18%
    45% 45 $10,395,000 $231,000 $5,782 3.35%
    >60% 8 $1,970,000 $246,250 $4,959 3.38%

    Partners lent most frequently to those with DTI ratios of 20-30%, with 544 originations. The next most common DTI ratio? 30-36%, with 389 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,485 $398,515,000 $268,360 $5,650 3.18%
    Not provided 404 $101,420,000 $251,040 $5,763 3.36%
    Asian 116 $36,350,000 $313,362 $5,939 3.22%
    Black 83 $19,185,000 $231,145 $5,392 3.30%
    American Indian 21 $7,605,000 $362,143 $8,388 2.74%
    Filipino 12 $5,470,000 $455,833 $5,673 2.74%
    Other Asian 9 $3,815,000 $423,889 $5,611 2.88%
    Chinese 6 $3,800,000 $633,333 $5,995 2.79%
    Asian Indian 7 $3,015,000 $430,714 $7,381 2.96%
    Japanese 5 $2,725,000 $545,000 $5,924 2.80%
    Native Hawaiian or Islander 3 $1,395,000 $465,000 $7,085 3.38%
    Vietnamese 3 $835,000 $278,333 $4,353 2.38%
    Other Pacific Islander 1 $285,000 $285,000 $3,808 2.88%
    Korean 1 $265,000 $265,000 $2,750 2.75%

    Approval Rates

    Total approvals of all applications
    84.11%

    Partners has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.51%

    Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,156 $584,680,000 $271,187

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,156 $584,680,000 $271,187

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 394 $82,100,000 $208,376 $3,640 3.31%
    40-60% 428 $134,590,000 $314,463 $4,615 2.77%
    60-80% 593 $229,655,000 $387,277 $7,463 2.84%
    80-100% 263 $100,785,000 $383,213 $7,109 2.94%
    Under 20% 478 $37,550,000 $78,556 $949 4.12%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Partners for Payment Relief Other type of mortgage Trouble during payment process 1 100.0%