Partners Mortgage Rates, Fees & Info
Burbank, CALEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.24% | 11/21/24 |
| 30 Year Conventional Refi | 5.99% | 11/21/24 |
| 30 Year Cash-out Refi | 6.05% | 11/21/24 |
| 15 Year Conventional Purchase | 5.66% | 11/21/24 |
| 15 Year Conventional Refi | 5.75% | 11/21/24 |
| 15 Year Cash-out Refi | 5.75% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,156Origination Dollar Volume (All Markets)
$584,680,000Awards
PARTNERS - 2021
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For 2021, 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 |
|---|---|---|---|---|---|
| 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% |
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.
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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
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
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
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
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
2021 saw Partners place emphasis on $200k-400k loans with 780 originations, totaling $221,960,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications84.11%
Partners has a below average approval rate.
Pick Rate
Approvals leading to origination82.51%
Partners has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,156 | $584,680,000 | $271,187 |
LTV Distribution
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% |