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 Purchase, Cash Out Refi, and Refi 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 33 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% 4/21/24
    30 Year Conventional Refi 5.99% 4/21/24
    30 Year Cash-out Refi 6.05% 4/21/24
    15 Year Conventional Purchase 5.66% 4/21/24
    15 Year Conventional Refi 5.75% 4/21/24
    15 Year Cash-out Refi 5.75% 4/21/24
    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 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

    1,863

    Origination Dollar Volume (All Markets)

    $421,545,000
    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) 795 $238,725,000 $300,283 $5,985 4.44%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 672 $103,430,000 $153,914 $4,412 4.64%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 142 $29,310,000 $206,408 $5,771 4.45%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 137 $16,725,000 $122,080 $4,001 4.72%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 18 $7,260,000 $403,333 $5,264 4.36%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 12 $6,930,000 $577,500 $9,715 3.72%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $4,125,000 $458,333 $11,523 4.67%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $2,955,000 $197,000 $4,135 4.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $1,725,000 $156,818 $4,663 4.69%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $1,635,000 $148,636 $4,136 4.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,440,000 $360,000 $6,618 4.69%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,105,000 $221,000 $10,176 4.08%
    Outside of Metro Areas 4 $960,000 $240,000 $5,226 3.69%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $650,000 $325,000 $4,159 4.75%
    SALINAS, CA (FHA|USDA|VA) 1 $585,000 $585,000 $16,821 4.63%
    NAPA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 5.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $500,000 $125,000 $2,949 4.49%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $9,830 4.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $380,000 $190,000 $6,839 4.75%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $260,000 $130,000 $3,530 4.19%
    OCALA, FL (FHA|USDA|VA) 2 $250,000 $125,000 $3,252 3.31%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.00%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $205,000 $205,000 $5,276 3.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,433 3.75%
    MERCED, CA (FHA|USDA|VA) 1 $195,000 $195,000 $6,574 3.50%
    FRESNO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $5,705 3.50%
    MADERA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $4,751 3.88%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,349 3.75%
    VALLEJO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.25%
    Palatka, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.46%
    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: 147
    POWER FINANCIAL
    Similarity Rank: 188
    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    McCoy Federal Credit Union
    Similarity Rank: 342
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    CBC Federal Credit Union
    Similarity Rank: 756
    ADDITION FINANCIAL
    Similarity Rank: 910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,098 $345,500,000 $314,663 $5,269 4.04%
    HELOC 765 $76,045,000 $99,405 n/a 5.24%

    For 2019, Partners's most frequently originated type of loan was Conventional, with 1,098 originations. Their 2nd most popular type was HELOC, with 765 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 439 $46,055,000 $104,909 $338 5.23%
    Home Purchase 396 $136,210,000 $343,965 $6,493 3.92%
    Other 380 $28,650,000 $75,395 $0 5.55%
    Cash Out Refi 325 $113,645,000 $349,677 $6,741 3.67%
    Refi 323 $96,985,000 $300,263 $4,352 3.98%

    For 2019, Partners's most frequently cited loan purpose was Home Improvement, with 439 originations. The 2nd most popular reason was Home Purchase, with 396 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 874 $91,930,000 $105,183 $1,804 5.23%
    30 Year 788 $297,140,000 $377,081 $6,404 3.78%
    15 Year 165 $27,095,000 $164,212 $2,459 4.41%
    10 Year 23 $4,995,000 $217,174 $5,834 3.65%
    5 Year 13 $385,000 $29,615 $0 5.85%

    For 2019, Partners's most frequently cited loan duration was 20 Year, with 874 originations. The 2nd most popular length was 30 Year, with 788 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 399 $91,935,000 $230,414
    $5k+ 223 $112,185,000 $503,072
    $2k-3k 155 $48,805,000 $314,871
    $1k-2k 132 $29,260,000 $221,667
    $3k-4k 102 $31,760,000 $311,373
    $4k-5k 86 $31,480,000 $366,047

    Partners's average total fees were $6,404, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 399 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 662 $248,580,000 $375,498
    4-5% 656 $109,200,000 $166,463
    5-6% 323 $30,435,000 $94,226
    6-7% 135 $9,405,000 $69,667
    2.5-3% 66 $21,920,000 $332,121
    7-8% 14 $830,000 $59,286
    Over 8% 4 $220,000 $55,000
    <2.5% 3 $955,000 $318,333

    During 2019, Partners's average interest rate for loans was 3.78%, while their most frequently originated rate bucket for loans was 3-4%, with 662 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 642 $34,510,000 $53,754 $656 5.40%
    $200k-400k 501 $141,355,000 $282,146 $5,465 3.96%
    $100k-200k 400 $56,570,000 $141,425 $3,831 4.49%
    $400k-600k 211 $102,155,000 $484,147 $7,471 3.76%
    $600k-1MM 95 $68,905,000 $725,316 $9,668 3.63%
    $1MM+ 14 $18,050,000 $1,289,286 $11,713 3.63%

    2019 saw Partners place emphasis on $100,000 or less loans with 642 originations, totaling $34,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 508 $109,250,000 $215,059 $5,234 4.62%
    $150k-250k 393 $123,705,000 $314,771 $6,331 4.41%
    $75k-100k 352 $62,460,000 $177,443 $4,863 4.54%
    $50k-75k 311 $42,275,000 $135,932 $4,374 4.64%
    $250k+ 127 $59,145,000 $465,709 $8,477 4.39%
    $50k or less 119 $12,495,000 $105,000 $3,823 4.44%

    Partners lent most frequently to those with incomes in the $100k-150k range, with 508 originations. The second most popular income band? $150k-250k, with 393 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 389 $87,425,000 $224,743 $4,926 4.51%
    20-30% 369 $97,085,000 $263,103 $5,487 4.24%
    50-60% 151 $25,585,000 $169,437 $7,589 4.93%
    <20% 99 $23,565,000 $238,030 $5,205 4.23%
    42% 78 $16,110,000 $206,538 $3,987 4.89%
    38% 76 $17,780,000 $233,947 $4,380 4.62%
    40% 72 $15,360,000 $213,333 $4,770 4.62%
    44% 67 $13,815,000 $206,194 $6,006 4.51%
    37% 67 $14,555,000 $217,239 $5,941 4.58%
    41% 65 $14,415,000 $221,769 $3,849 4.70%
    36% 62 $16,850,000 $271,774 $5,827 4.63%
    46% 58 $10,240,000 $176,552 $7,178 4.84%
    49% 57 $12,845,000 $225,351 $5,312 4.48%
    39% 57 $9,395,000 $164,825 $3,987 4.83%
    43% 54 $14,230,000 $263,519 $6,774 4.46%
    48% 50 $11,100,000 $222,000 $6,833 4.47%
    45% 47 $9,035,000 $192,234 $5,713 4.54%
    47% 39 $10,055,000 $257,821 $6,846 4.44%
    >60% 6 $2,100,000 $350,000 $5,592 4.13%

    Partners lent most frequently to those with DTI ratios of 30-36%, with 389 originations. The next most common DTI ratio? 20-30%, with 369 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,405 $302,515,000 $215,313 $5,217 4.56%
    Not provided 267 $69,475,000 $260,206 $5,540 4.45%
    Asian 87 $27,315,000 $313,966 $5,564 4.35%
    Black 67 $12,915,000 $192,761 $4,141 4.51%
    Asian Indian 8 $3,140,000 $392,500 $5,783 3.42%
    American Indian 13 $2,165,000 $166,538 $5,921 5.11%
    Other Asian 4 $1,390,000 $347,500 $9,306 3.59%
    Filipino 5 $1,305,000 $261,000 $6,880 4.15%
    Other Pacific Islander 2 $490,000 $245,000 $7,009 4.13%
    Chinese 3 $485,000 $161,667 $4,273 3.63%
    Native Hawaiian or Islander 2 $350,000 $175,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    82.66%

    Partners has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.57%

    Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,863 $421,545,000 $226,272

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $500,000 $83,333
    Single Family (1-4 Units):Site-Built 1,857 $421,045,000 $226,734

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 330 $44,640,000 $135,273 $2,191 5.14%
    40-60% 212 $59,090,000 $278,726 $4,315 3.87%
    60-80% 418 $163,570,000 $391,316 $6,859 3.72%
    80-100% 317 $113,855,000 $359,164 $6,522 3.89%
    Under 20% 586 $40,390,000 $68,925 $271 5.35%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Partners for Payment Relief Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%