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
  • 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 loans. Partners has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Orlando, Riverside, Lakeland, and Miami 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% 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






    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

    1,636

    Origination Dollar Volume (All Markets)

    $410,130,000
    Show all (7) 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) 504 $165,330,000 $328,036 $7,034 4.51%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 736 $158,350,000 $215,149 $5,400 4.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 125 $30,235,000 $241,880 $5,330 4.53%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 137 $17,075,000 $124,635 $3,572 4.72%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 21 $9,185,000 $437,381 $8,480 4.67%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $5,140,000 $367,143 $10,423 4.53%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $4,435,000 $233,421 $5,729 5.08%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 12 $2,780,000 $231,667 $4,674 4.47%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $2,725,000 $302,778 $5,201 4.40%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $1,440,000 $180,000 $4,289 4.45%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,235,000 $176,429 $5,124 5.37%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,015,000 $338,333 $8,603 3.96%
    STOCKTON, CA (FHA|USDA|VA) 2 $980,000 $490,000 $7,923 4.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $970,000 $485,000 $7,737 4.56%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $970,000 $485,000 $10,446 2.88%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $875,000 $291,667 $7,246 3.13%
    Outside of Metro Areas 3 $825,000 $275,000 $6,473 3.42%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $810,000 $405,000 $5,677 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $785,000 $157,000 $2,780 5.53%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $730,000 $365,000 $11,003 4.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $585,000 $195,000 $5,986 4.25%
    VALLEJO, CA (FHA|USDA|VA) 2 $570,000 $285,000 $7,624 3.44%
    Key West, FL (FHA|USDA|VA) 1 $545,000 $545,000 $7,281 3.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $510,000 $127,500 $0 5.56%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.00%
    NAPA, CA (FHA|USDA|VA) 1 $465,000 $465,000 $7,877 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $325,000 $325,000 $10,470 6.00%
    FRESNO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.75%
    VISALIA, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,408 3.88%
    MODESTO, CA (FHA|USDA|VA) 2 $100,000 $50,000 $0 5.95%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
    Palatka, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.25%
    Partners's top markets include Los Angeles, Orlando, Riverside, Lakeland, and Miami 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.

    MISSION
    Similarity Rank: 30
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 94
    We Florida Financial
    Similarity Rank: 156
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    MYPOINT Credit Union
    Similarity Rank: 705
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    INSIGHT
    Similarity Rank: 780

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 902 $309,480,000 $343,104 $5,809 4.27%
    HELOC 734 $100,650,000 $137,125 n/a 4.86%

    For 2022, Partners's most frequently originated type of loan was Conventional, with 902 originations. Their 2nd most popular type was HELOC, with 734 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 525 $67,195,000 $127,990 $18 5.20%
    Home Improvement 392 $55,320,000 $141,122 $2,190 5.15%
    Home Purchase 375 $185,195,000 $493,853 $8,039 4.11%
    Cash Out Refi 248 $77,890,000 $314,073 $6,616 3.37%
    Refi 96 $24,530,000 $255,521 $4,287 3.01%

    For 2022, Partners's most frequently cited loan purpose was Other, with 525 originations. The 2nd most popular reason was Home Improvement, with 392 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 846 $116,760,000 $138,014 $1,426 5.01%
    30 Year 607 $263,905,000 $434,769 $7,568 3.84%
    15 Year 141 $20,635,000 $146,348 $2,335 4.76%
    10 Year 30 $8,210,000 $273,667 $5,300 3.75%
    5 Year 12 $620,000 $51,667 $0 5.65%

    For 2022, Partners's most frequently cited loan duration was 20 Year, with 846 originations. The 2nd most popular length was 30 Year, with 607 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 221 $120,175,000 $543,778
    $<1k 204 $29,020,000 $142,255
    $2k-3k 157 $47,455,000 $302,261
    $1k-2k 151 $46,625,000 $308,775
    $3k-4k 110 $42,860,000 $389,636
    $4k-5k 59 $23,345,000 $395,678

    Partners's average total fees were $7,568, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 645 $171,985,000 $266,643
    4-5% 303 $82,445,000 $272,096
    5-6% 242 $57,030,000 $235,661
    2.5-3% 161 $57,795,000 $358,975
    6-7% 139 $16,765,000 $120,612
    7-8% 60 $6,550,000 $109,167
    <2.5% 50 $14,920,000 $298,400
    Over 8% 36 $2,640,000 $73,333

    During 2022, Partners's average interest rate for loans was 3.84%, while their most frequently originated rate bucket for loans was 3-4%, with 645 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 479 $27,095,000 $56,566 $533 5.24%
    $200k-400k 463 $133,075,000 $287,419 $6,119 4.04%
    $100k-200k 390 $54,400,000 $139,487 $2,758 4.69%
    $400k-600k 180 $88,010,000 $488,944 $8,406 3.89%
    $600k-1MM 99 $73,075,000 $738,131 $10,465 4.06%
    $1MM+ 25 $34,475,000 $1,379,000 $16,150 4.05%

    2022 saw Partners place emphasis on $100,000 or less loans with 479 originations, totaling $27,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 438 $97,200,000 $221,918 $5,727 4.64%
    $150k-250k 415 $123,505,000 $297,602 $6,723 4.56%
    $75k-100k 250 $45,340,000 $181,360 $5,100 4.55%
    $50k-75k 235 $35,295,000 $150,191 $4,390 4.37%
    $250k+ 195 $89,495,000 $458,949 $8,446 4.67%
    $50k or less 79 $9,135,000 $115,633 $4,080 4.12%

    Partners lent most frequently to those with incomes in the $100k-150k range, with 438 originations. The second most popular income band? $150k-250k, with 415 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 268 $64,600,000 $241,045 $5,094 4.53%
    20-30% 260 $66,310,000 $255,038 $5,541 4.27%
    50-60% 183 $41,355,000 $225,984 $7,625 4.61%
    42% 84 $22,380,000 $266,429 $4,907 5.11%
    39% 77 $19,405,000 $252,013 $5,342 4.75%
    49% 68 $14,230,000 $209,265 $6,899 4.31%
    38% 65 $16,275,000 $250,385 $5,179 4.92%
    46% 65 $18,915,000 $291,000 $7,782 4.22%
    41% 65 $17,445,000 $268,385 $6,181 4.74%
    <20% 64 $15,210,000 $237,656 $4,887 4.09%
    40% 61 $13,795,000 $226,148 $4,324 5.11%
    48% 61 $14,995,000 $245,820 $7,529 4.34%
    37% 55 $14,845,000 $269,909 $5,217 4.59%
    36% 55 $10,235,000 $186,091 $3,506 4.86%
    44% 52 $13,780,000 $265,000 $7,226 4.22%
    47% 51 $15,495,000 $303,824 $7,068 4.48%
    43% 45 $11,435,000 $254,111 $7,534 4.39%
    45% 42 $12,690,000 $302,143 $8,659 4.46%
    >60% 15 $6,735,000 $449,000 $8,105 4.39%

    Partners lent most frequently to those with DTI ratios of 30-36%, with 268 originations. The next most common DTI ratio? 20-30%, with 260 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,153 $269,405,000 $233,656 $5,412 4.54%
    Not provided 259 $74,675,000 $288,320 $7,230 4.43%
    Asian 85 $25,135,000 $295,706 $6,354 4.72%
    Black 78 $22,950,000 $294,231 $6,580 4.73%
    American Indian 21 $4,165,000 $198,333 $5,608 4.65%
    Other Asian 10 $3,600,000 $360,000 $6,814 4.26%
    Asian Indian 7 $2,105,000 $300,714 $5,812 4.18%
    Filipino 6 $1,920,000 $320,000 $3,282 3.89%
    Chinese 4 $1,550,000 $387,500 $6,535 4.16%
    Native Hawaiian or Islander 6 $1,450,000 $241,667 $6,710 4.25%
    Other Pacific Islander 2 $1,070,000 $535,000 $9,428 3.44%
    Japanese 1 $945,000 $945,000 $8,009 3.75%
    Vietnamese 3 $775,000 $258,333 $4,067 3.46%
    Korean 1 $385,000 $385,000 $7,488 5.38%

    Approval Rates

    Total approvals of all applications
    85.99%

    Partners has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.22%

    Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,636 $410,130,000 $250,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,636 $410,130,000 $250,691

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 326 $62,370,000 $191,319 $3,114 4.67%
    40-60% 185 $60,325,000 $326,081 $5,608 3.61%
    60-80% 269 $111,135,000 $413,141 $7,842 3.76%
    80-100% 229 $120,615,000 $526,703 $8,615 4.10%
    Under 20% 627 $55,685,000 $88,812 $312 5.23%