Partners Mortgage Rates, Fees & Info

Burbank, CA

LEI: 549300QD5CQZ9PPP5B09

Tax ID: 95-2622194

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 is a smaller mortgage company specializing in Home Improvement 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 Oxnard among others. We have data for 26 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% 11/17/24
    30 Year Conventional Refi 5.99% 11/17/24
    30 Year Cash-out Refi 6.05% 11/17/24
    15 Year Conventional Purchase 5.66% 11/17/24
    15 Year Conventional Refi 5.75% 11/17/24
    15 Year Cash-out Refi 5.75% 11/17/24
    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

    1,612

    Origination Dollar Volume (All Markets)

    $299,650,000
    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 670 $164,910,000 $246,134 $6,891 4.61%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 600 $78,750,000 $131,250 $4,967 4.80%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 121 $21,125,000 $174,587 $6,159 4.82%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 110 $11,550,000 $105,000 $4,233 4.81%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 21 $5,665,000 $269,762 $8,320 4.57%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $3,500,000 $350,000 $16,690 4.38%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $3,285,000 $298,636 $9,853 4.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 20 $2,340,000 $117,000 $3,788 4.83%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,305,000 $186,429 $6,173 4.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $1,265,000 $180,714 $5,239 4.79%
    Outside of Metro Areas 4 $1,000,000 $250,000 $6,655 4.47%
    VALLEJO, CA (FHA|USDA|VA) 2 $850,000 $425,000 $4,556 3.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $625,000 $69,444 $3,626 5.01%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $450,000 $225,000 $5,682 3.94%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $445,000 $445,000 $3,984 4.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $440,000 $110,000 $3,870 4.44%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $405,000 $135,000 $5,159 4.04%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $370,000 $185,000 $5,636 4.44%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $7,469 3.75%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.00%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $225,000 $225,000 $6,184 4.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $11,207 4.50%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,830 4.88%
    FRESNO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
    Partners's top markets include Los Angeles, Orlando, Riverside, Lakeland, and Oxnard among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PARTNERS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MYPOINT Credit Union
    Similarity Rank: 55
    McCoy Federal Credit Union
    Similarity Rank: 60
    Montecito Bank & Trust
    Similarity Rank: 126
    FRONTWAVE
    Similarity Rank: 176
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    Suncoast Credit Union
    Similarity Rank: 232
    Cabrillo Credit Union
    Similarity Rank: 248
    We Florida Financial
    Similarity Rank: 312
    LA Financial Federal Credit Union
    Similarity Rank: 321

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 863 $92,425,000 $107,097 n/a 4.73%
    Conventional 749 $207,225,000 $276,669 $5,839 4.69%

    For 2018, Partners's most frequently originated type of loan was HELOC, with 863 originations. Their 2nd most popular type was Conventional, with 749 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 527 $61,325,000 $116,366 $4,907 4.82%
    Home Purchase 404 $127,830,000 $316,411 $6,260 4.43%
    Other 359 $29,315,000 $81,657 $312 5.14%
    Refi 174 $34,100,000 $195,977 $3,992 4.48%
    Cash Out Refi 148 $47,080,000 $318,108 $6,064 4.28%

    For 2018, Partners's most frequently cited loan purpose was Home Improvement, with 527 originations. The 2nd most popular reason was Home Purchase, with 404 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 942 $103,160,000 $109,512 $4,211 4.82%
    30 Year 528 $178,380,000 $337,841 $6,167 4.41%
    15 Year 104 $12,770,000 $122,788 $4,225 5.19%
    10 Year 26 $5,060,000 $194,615 $4,653 4.34%
    5 Year 12 $280,000 $23,333 $0 5.93%

    For 2018, Partners's most frequently cited loan duration was 20 Year, with 942 originations. The 2nd most popular length was 30 Year, with 528 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 147 $40,285,000 $274,048
    $1k-2k 137 $29,065,000 $212,153
    $2k-3k 120 $34,540,000 $287,833
    $5k+ 117 $56,395,000 $482,009
    $3k-4k 76 $23,280,000 $306,316
    $4k-5k 45 $17,925,000 $398,333

    Partners's average total fees were $6,167, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 147 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,050 $206,060,000 $196,248
    3-4% 297 $70,365,000 $236,919
    6-7% 129 $7,995,000 $61,977
    5-6% 107 $13,555,000 $126,682
    7-8% 27 $1,595,000 $59,074
    Over 8% 2 $80,000 $40,000

    During 2018, Partners's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 1,050 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 627 $32,595,000 $51,986 $2,951 5.07%
    $100k-200k 449 $62,685,000 $139,610 $4,197 4.57%
    $200k-400k 342 $94,290,000 $275,702 $5,532 4.43%
    $400k-600k 130 $61,630,000 $474,077 $7,377 4.35%
    $600k-1MM 57 $40,405,000 $708,860 $10,749 4.31%
    $1MM+ 7 $8,045,000 $1,149,286 $11,195 4.46%

    2018 saw Partners place emphasis on $100,000 or less loans with 627 originations, totaling $32,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 458 $82,900,000 $181,004 $6,475 4.72%
    $150k-250k 320 $83,140,000 $259,813 $7,136 4.66%
    $50k-75k 296 $37,920,000 $128,108 $4,835 4.77%
    $75k-100k 262 $42,270,000 $161,336 $5,552 4.74%
    $50k or less 131 $12,085,000 $92,252 $4,136 4.66%
    $250k+ 99 $32,305,000 $326,313 $8,441 4.56%

    Partners lent most frequently to those with incomes in the $100k-150k range, with 458 originations. The second most popular income band? $150k-250k, with 320 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 284 $52,770,000 $185,810 $5,790 4.75%
    20-30% 274 $49,810,000 $181,788 $5,610 4.70%
    50-60% 176 $30,600,000 $173,864 $7,024 4.52%
    <20% 75 $12,115,000 $161,533 $5,066 4.54%
    40% 74 $13,780,000 $186,216 $6,373 4.89%
    41% 69 $14,555,000 $210,942 $6,609 4.95%
    42% 63 $9,865,000 $156,587 $4,924 5.17%
    37% 61 $12,035,000 $197,295 $6,505 4.82%
    36% 61 $9,775,000 $160,246 $6,159 4.69%
    48% 57 $10,565,000 $185,351 $5,954 4.59%
    39% 57 $9,905,000 $173,772 $6,083 5.06%
    43% 50 $9,640,000 $192,800 $6,288 4.60%
    44% 48 $11,120,000 $231,667 $5,423 4.70%
    45% 48 $9,950,000 $207,292 $5,329 4.60%
    38% 47 $9,405,000 $200,106 $5,499 4.72%
    46% 45 $7,435,000 $165,222 $4,773 4.69%
    49% 45 $7,875,000 $175,000 $4,994 4.46%
    47% 28 $2,970,000 $106,071 $4,915 4.60%
    >60% 3 $705,000 $235,000 $6,574 4.38%

    Partners lent most frequently to those with DTI ratios of 30-36%, with 284 originations. The next most common DTI ratio? 20-30%, with 274 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,223 $218,245,000 $178,451 $5,777 4.70%
    Not provided 212 $44,110,000 $208,066 $6,477 4.73%
    Asian 79 $18,055,000 $228,544 $5,830 4.65%
    Black 66 $9,830,000 $148,939 $5,469 4.99%
    Asian Indian 8 $3,840,000 $480,000 $5,724 4.45%
    American Indian 9 $2,005,000 $222,778 $4,827 4.77%
    Filipino 4 $1,560,000 $390,000 $7,632 4.13%
    Native Hawaiian or Islander 7 $1,195,000 $170,714 $5,703 4.77%
    Japanese 2 $470,000 $235,000 $3,394 4.25%
    Not applicable 1 $195,000 $195,000 $0 6.43%
    Other Asian 1 $145,000 $145,000 $4,297 4.50%

    Approval Rates

    Total approvals of all applications
    77.95%

    Partners has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.68%

    Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,612 $299,650,000 $185,887

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $930,000 $155,000
    Single Family (1-4 Units):Site-Built 1,606 $298,720,000 $186,002

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 353 $52,135,000 $147,691 $3,822 4.82%
    40-60% 139 $33,135,000 $238,381 $4,712 4.45%
    60-80% 244 $88,070,000 $360,943 $6,789 4.34%
    80-100% 238 $72,620,000 $305,126 $5,731 4.47%
    Under 20% 599 $41,545,000 $69,357 $2,979 4.97%

    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%