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 Oxnard among others. We have data for 31 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% 3/28/24
30 Year Conventional Refi 5.99% 3/28/24
30 Year Cash-out Refi 6.05% 3/28/24
15 Year Conventional Purchase 5.66% 3/28/24
15 Year Conventional Refi 5.75% 3/28/24
15 Year Cash-out Refi 5.75% 3/28/24
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 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

2,215

Origination Dollar Volume (All Markets)

$660,875,000

Awards

PARTNERS 30 Year Conventional Loans bronze
Show all (1) 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) 1,057 $411,865,000 $389,655 $6,740 3.39%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 763 $155,405,000 $203,676 $5,045 3.53%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 138 $36,120,000 $261,739 $5,346 3.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 114 $16,000,000 $140,351 $4,237 3.57%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 23 $6,845,000 $297,609 $6,194 3.74%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 20 $6,830,000 $341,500 $7,020 3.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 14 $6,660,000 $475,714 $7,250 3.32%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $3,410,000 $568,333 $10,820 3.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $2,860,000 $238,333 $6,757 3.40%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $2,445,000 $188,077 $6,645 3.71%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 13 $2,245,000 $172,692 $4,527 3.26%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,440,000 $240,000 $5,086 3.42%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,355,000 $271,000 $6,245 3.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,040,000 $520,000 $8,503 3.19%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $965,000 $321,667 $5,271 3.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $795,000 $265,000 $4,840 2.83%
Outside of Metro Areas 2 $790,000 $395,000 $11,711 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $710,000 $355,000 $4,520 2.94%
FRESNO, CA (FHA|USDA|VA) 2 $560,000 $280,000 $5,326 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $480,000 $240,000 $5,816 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $395,000 $131,667 $4,249 3.25%
NAPA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.00%
EL CENTRO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $2,940 2.88%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.00%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $175,000 $58,333 $3,933 3.71%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,165 3.25%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,632 3.13%
MODESTO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.00%
VALLEJO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.50%
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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,632 $596,900,000 $365,748 $5,926 3.15%
    HELOC 583 $63,975,000 $109,734 n/a 4.29%

    For 2020, Partners's most frequently originated type of loan was Conventional, with 1,632 originations. Their 2nd most popular type was HELOC, with 583 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 818 $279,290,000 $341,430 $4,950 3.11%
    Cash Out Refi 493 $179,135,000 $363,357 $6,983 3.04%
    Home Improvement 355 $39,455,000 $111,141 $0 4.29%
    Home Purchase 342 $145,130,000 $424,357 $7,696 3.28%
    Other 207 $17,865,000 $86,304 $15 4.61%

    For 2020, Partners's most frequently cited loan purpose was Refi, with 818 originations. The 2nd most popular reason was Cash Out Refi, with 493 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,144 $481,870,000 $421,215 $6,796 3.15%
    20 Year 711 $94,645,000 $133,115 $3,821 4.17%
    15 Year 303 $73,525,000 $242,657 $3,899 2.98%
    10 Year 53 $10,725,000 $202,358 $4,187 2.94%
    5 Year 4 $110,000 $27,500 $119 5.46%

    For 2020, Partners's most frequently cited loan duration was 30 Year, with 1,144 originations. The 2nd most popular length was 20 Year, with 711 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 450 $120,630,000 $268,067
    $5k+ 421 $235,185,000 $558,634
    $2k-3k 277 $88,585,000 $319,801
    $1k-2k 181 $38,095,000 $210,470
    $3k-4k 176 $62,690,000 $356,193
    $4k-5k 125 $51,625,000 $413,000

    Partners's average total fees were $6,796, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 450 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,193 $377,565,000 $316,484
    2.5-3% 653 $232,045,000 $355,352
    4-5% 185 $21,035,000 $113,703
    <2.5% 94 $24,350,000 $259,043
    5-6% 67 $4,495,000 $67,090
    6-7% 16 $1,130,000 $70,625
    7-8% 4 $170,000 $42,500
    Over 8% 3 $85,000 $28,333

    During 2020, Partners's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 1,193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 743 $213,965,000 $287,974 $5,106 3.14%
    $100k-200k 464 $68,300,000 $147,198 $3,868 3.50%
    $100,000 or less 428 $24,240,000 $56,636 $1,362 4.35%
    $400k-600k 370 $179,270,000 $484,514 $7,267 3.14%
    $600k-1MM 178 $132,040,000 $741,798 $10,894 3.17%
    $1MM+ 32 $43,060,000 $1,345,625 $14,100 3.17%

    2020 saw Partners place emphasis on $200k-400k loans with 743 originations, totaling $213,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 589 $158,875,000 $269,737 $5,663 3.48%
    $150k-250k 584 $223,880,000 $383,356 $7,013 3.39%
    $75k-100k 344 $77,440,000 $225,116 $5,324 3.41%
    $50k-75k 293 $50,605,000 $172,713 $4,589 3.50%
    $250k+ 217 $115,645,000 $532,926 $8,569 3.41%
    $50k or less 113 $14,465,000 $128,009 $3,778 3.51%

    Partners lent most frequently to those with incomes in the $100k-150k range, with 589 originations. The second most popular income band? $150k-250k, with 584 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 563 $175,505,000 $311,732 $5,725 3.31%
    30-36% 440 $134,590,000 $305,886 $5,908 3.47%
    <20% 200 $61,250,000 $306,250 $4,807 3.14%
    50-60% 135 $31,135,000 $230,630 $8,406 3.91%
    36% 81 $28,495,000 $351,790 $6,133 3.36%
    42% 74 $18,910,000 $255,541 $5,712 3.62%
    43% 73 $20,635,000 $282,671 $7,200 3.52%
    40% 69 $23,515,000 $340,797 $6,647 3.57%
    41% 67 $18,335,000 $273,657 $5,803 3.69%
    44% 63 $18,545,000 $294,365 $6,664 3.38%
    39% 63 $16,225,000 $257,540 $5,718 3.82%
    49% 62 $14,470,000 $233,387 $6,132 3.54%
    47% 60 $16,860,000 $281,000 $5,936 3.43%
    45% 54 $15,540,000 $287,778 $6,841 3.44%
    38% 54 $21,680,000 $401,481 $6,604 3.49%
    37% 52 $14,940,000 $287,308 $6,447 3.63%
    46% 49 $12,655,000 $258,265 $6,739 3.53%
    48% 42 $12,010,000 $285,952 $5,660 3.36%
    >60% 14 $5,580,000 $398,571 $4,650 3.46%

    Partners lent most frequently to those with DTI ratios of 20-30%, with 563 originations. The next most common DTI ratio? 30-36%, with 440 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,590 $462,650,000 $290,975 $5,886 3.48%
    Not provided 357 $105,815,000 $296,401 $6,143 3.45%
    Asian 122 $46,690,000 $382,705 $5,962 3.35%
    Black 69 $18,205,000 $263,841 $5,467 3.41%
    Filipino 13 $6,145,000 $472,692 $7,744 3.08%
    Asian Indian 16 $5,630,000 $351,875 $5,113 3.08%
    American Indian 21 $5,475,000 $260,714 $5,532 3.38%
    Chinese 12 $4,500,000 $375,000 $6,281 2.88%
    Other Asian 6 $2,440,000 $406,667 $7,573 3.00%
    Native Hawaiian or Islander 5 $1,505,000 $301,000 $4,912 2.88%
    Other Pacific Islander 2 $1,130,000 $565,000 $8,048 3.06%
    Korean 1 $375,000 $375,000 $2,326 2.75%
    Vietnamese 1 $315,000 $315,000 $4,610 3.38%

    Approval Rates

    Total approvals of all applications
    86.36%

    Partners has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.63%

    Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,215 $660,875,000 $298,363

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $180,000 $90,000
    Single Family (1-4 Units):Site-Built 2,213 $660,695,000 $298,552

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 351 $68,545,000 $195,285 $3,682 3.63%
    40-60% 442 $154,180,000 $348,824 $4,808 3.09%
    60-80% 655 $264,185,000 $403,336 $7,188 3.11%
    80-100% 318 $137,810,000 $433,365 $7,378 3.23%
    Under 20% 449 $36,155,000 $80,523 $1,044 4.32%