Hancock Mortgage Partners Rates, Fees & Info

SUGAR LAND, TX

LEI: 549300RAGLSEPN0V3D13

Tax ID: 26-4461592

1.2 stars - Updated: 3/17/24 - out of 5 stars, based on 31 reviews

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

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Mortgage Data

Review & Overview

Hancock Mortgage Partners is a smaller mortgage company specializing in Home Purchase loans. Hancock Mortgage Partners has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Houston, Kingsport, Johnson City, Deltona, and Detroit among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hancock Mortgage Partners has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hancock Mortgage Partners is typically a high 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 relatively high 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 7.00% 3/17/24
30 Year Conventional Refi 6.87% 3/17/24
30 Year Cash-out Refi 7.05% 3/17/24
30 Year FHA Purchase 7.68% 3/17/24
30 Year FHA Refi 7.59% 3/17/24
30 Year VA Purchase 6.62% 3/17/24
30 Year VA Refi 6.27% 3/17/24
30 Year USDA Purchase 7.03% 3/17/24
15 Year Conventional Purchase 6.01% 3/17/24
15 Year Conventional Refi 6.57% 3/17/24
15 Year Cash-out Refi 6.57% 3/17/24
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.

Hancock Mortgage Partners Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hancock Mortgage 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

963

Origination Dollar Volume (All Markets)

$243,805,000

Awards

HANCOCK MORTGAGE PARTNERS VA Loans silver
Show all (1) awards

Relative Rate

Hancock Mortgage Partners's average 30 year fixed mortgage rate was 5.22%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.46%.

Relative Fees (Closing Costs)

Hancock Mortgage Partners's average total fees/closing costs for a 30 year fixed rate mortgage were $8,909.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 153 $46,255,000 $302,320 $11,216 5.18%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 122 $25,580,000 $209,672 $7,999 5.45%
JOHNSON CITY, TN (FHA|USDA|VA) 69 $16,645,000 $241,232 $7,632 5.49%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 54 $15,270,000 $282,778 $9,657 5.20%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 55 $11,405,000 $207,364 $5,964 5.14%
Outside of Metro Areas 45 $9,455,000 $210,111 $7,056 4.99%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 31 $9,275,000 $299,194 $12,094 5.25%
PANAMA CITY, FL (FHA|USDA|VA) 30 $9,040,000 $301,333 $10,452 5.04%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $7,705,000 $366,905 $13,568 5.18%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 32 $7,050,000 $220,313 $8,037 5.40%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 30 $6,730,000 $224,333 $8,632 5.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 30 $6,450,000 $215,000 $5,838 4.92%
DULUTH, MN-WI (FHA|USDA|VA) 29 $6,345,000 $218,793 $7,027 4.91%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $4,515,000 $265,588 $5,834 3.69%
JACKSONVILLE, FL (FHA|USDA|VA) 15 $3,585,000 $239,000 $8,951 4.33%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $3,420,000 $427,500 $5,486 4.23%
Greeneville, TN (FHA|USDA|VA) 16 $3,330,000 $208,125 $6,139 5.48%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $3,205,000 $457,857 $11,999 5.41%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $3,015,000 $335,000 $11,066 6.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 15 $2,935,000 $195,667 $8,503 5.69%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $2,840,000 $355,000 $14,838 5.31%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,625,000 $375,000 $14,327 4.93%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,160,000 $270,000 $9,215 5.61%
Sturgis, MI (FHA|USDA|VA) 14 $2,070,000 $147,857 $5,937 5.12%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 7 $1,865,000 $266,429 $6,722 4.80%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,465,000 $293,000 $15,986 6.20%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,355,000 $451,667 $14,714 5.08%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,280,000 $320,000 $10,838 5.06%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $1,145,000 $229,000 $10,692 5.48%
Greenwood, SC (FHA|USDA|VA) 5 $1,095,000 $219,000 $6,453 4.98%
Big Stone Gap, VA (FHA|USDA|VA) 7 $1,025,000 $146,429 $6,573 4.68%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $1,015,000 $338,333 $12,697 6.00%
EL PASO, TX (FHA|USDA|VA) 6 $1,010,000 $168,333 $7,709 5.17%
MORRISTOWN, TN (FHA|USDA|VA) 6 $990,000 $165,000 $8,260 5.54%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $935,000 $311,667 $4,685 6.08%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $750,000 $375,000 $6,761 7.06%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $715,000 $238,333 $13,008 4.88%
Mount Sterling, KY (FHA|USDA|VA) 4 $710,000 $177,500 $4,951 5.56%
ASHEVILLE, NC (FHA|USDA|VA) 2 $700,000 $350,000 $4,807 4.44%
Alexander City, AL (FHA|USDA|VA) 1 $645,000 $645,000 $18,761 4.63%
Grand Rapids, MN (FHA|USDA|VA) 2 $610,000 $305,000 $19,754 3.94%
Seneca, SC (FHA|USDA|VA) 3 $555,000 $185,000 $9,024 5.29%
WACO, TX (FHA|USDA|VA) 2 $530,000 $265,000 $8,482 6.50%
Huntsville, TX (FHA|USDA|VA) 2 $490,000 $245,000 $8,173 3.69%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $480,000 $240,000 $7,317 5.44%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $470,000 $235,000 $4,368 4.31%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $465,000 $465,000 $3,065 3.00%
KNOXVILLE, TN (FHA|USDA|VA) 2 $440,000 $220,000 $8,620 6.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,014 3.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $420,000 $210,000 $9,950 5.88%
Owatonna, MN (FHA|USDA|VA) 1 $415,000 $415,000 $6,774 3.75%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $405,000 $405,000 $5,027 3.75%
OCALA, FL (FHA|USDA|VA) 1 $375,000 $375,000 $16,745 5.13%
Bluefield, WV-VA (FHA|USDA|VA) 1 $375,000 $375,000 $6,489 3.63%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $365,000 $365,000 $20,088 5.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $315,000 $315,000 $5,370 3.88%
MANKATO, MN (FHA|USDA|VA) 1 $315,000 $315,000 $7,250 5.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $315,000 $315,000 $17,790 5.25%
SAN ANGELO, TX (FHA|USDA|VA) 2 $310,000 $155,000 $6,732 4.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $300,000 $150,000 $8,629 5.56%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $4,886 3.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $6,137 4.88%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $295,000 $295,000 $14,299 5.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $295,000 $295,000 $5,011 4.00%
Cullowhee, NC (FHA|USDA|VA) 1 $285,000 $285,000 $16,175 4.00%
Marshall, MN (FHA|USDA|VA) 1 $285,000 $285,000 $5,915 4.25%
Waycross, GA (FHA|USDA|VA) 1 $285,000 $285,000 $5,664 3.50%
LAS CRUCES, NM (FHA|USDA|VA) 1 $275,000 $275,000 $5,024 6.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $265,000 $265,000 $14,052 3.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $255,000 $255,000 $13,299 3.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $245,000 $245,000 $8,620 6.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $8,660 5.25%
Nacogdoches, TX (FHA|USDA|VA) 1 $215,000 $215,000 $11,371 6.13%
Gaffney, SC (FHA|USDA|VA) 1 $215,000 $215,000 $11,235 5.25%
Frankfort, KY (FHA|USDA|VA) 1 $215,000 $215,000 $10,852 5.25%
Shelby, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,290 7.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $6,284 3.88%
Brainerd, MN (FHA|USDA|VA) 1 $205,000 $205,000 $4,830 4.88%
Uvalde, TX (FHA|USDA|VA) 1 $205,000 $205,000 $9,358 6.50%
ROCHESTER, MN (FHA|USDA|VA) 2 $200,000 $100,000 $4,796 3.56%
GAINESVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,005 3.88%
Stephenville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,039 5.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,016 4.88%
COLUMBUS, OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,771 4.13%
Danville, KY (FHA|USDA|VA) 1 $185,000 $185,000 $6,797 6.25%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $185,000 $185,000 $7,091 7.13%
Sevierville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,560 6.88%
Tifton, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,475 3.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $10,031 5.75%
Del Rio, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,102 5.25%
Bay City, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,872 4.38%
Pearsall, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,663 4.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $6,663 4.50%
Lufkin, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,472 4.63%
Bainbridge, GA (FHA|USDA|VA) 1 $125,000 $125,000 $6,436 7.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $5,682 4.00%
Newport, TN (FHA|USDA|VA) 1 $95,000 $95,000 $4,282 7.13%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $95,000 $95,000 $6,287 5.38%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $65,000 $65,000 $5,235 6.50%
Lincoln, IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,981 4.38%
Hancock Mortgage Partners's top markets include Houston, Kingsport, Johnson City, Deltona, and Detroit among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Similar Lenders

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

    NORTHEAST COMMUNITY
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 589 $151,295,000 $256,868 $7,509 5.20%
    FHA 223 $51,845,000 $232,489 $11,439 5.14%
    VA 118 $34,830,000 $295,169 $10,834 5.13%
    USDA 33 $5,835,000 $176,818 $7,278 5.20%

    For 2022, Hancock Mortgage Partners's most frequently originated type of loan was Conventional, with 589 originations. Their 2nd most popular type was FHA, with 223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 836 $213,780,000 $255,718 $9,041 5.25%
    Cash Out Refi 95 $22,465,000 $236,474 $7,616 4.87%
    Refi 32 $7,560,000 $236,250 $6,580 4.24%

    For 2022, Hancock Mortgage Partners's most frequently cited loan purpose was Home Purchase, with 836 originations. The 2nd most popular reason was Cash Out Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 924 $234,490,000 $253,777 $8,909 5.22%
    15 Year 23 $6,445,000 $280,217 $7,534 4.02%
    20 Year 7 $1,725,000 $246,429 $6,355 4.43%
    10 Year 6 $460,000 $76,667 $3,728 4.00%
    Other 3 $685,000 $228,333 $6,641 4.58%

    For 2022, Hancock Mortgage Partners's most frequently cited loan duration was 30 Year, with 924 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 348 $111,980,000 $321,782
    $2k-3k 166 $34,790,000 $209,578
    $3k-4k 140 $27,640,000 $197,429
    $1k-2k 133 $31,345,000 $235,677
    $4k-5k 102 $23,370,000 $229,118
    $<1k 74 $14,680,000 $198,378

    Hancock Mortgage Partners's average total fees were $8,909, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 348 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 359 $92,015,000 $256,309
    4-5% 225 $57,575,000 $255,889
    3-4% 169 $40,165,000 $237,663
    6-7% 155 $38,505,000 $248,419
    7-8% 44 $12,470,000 $283,409
    2.5-3% 10 $3,060,000 $306,000
    <2.5% 1 $15,000 $15,000

    During 2022, Hancock Mortgage Partners's average interest rate for loans was 5.22%, while their most frequently originated rate bucket for loans was 5-6%, with 359 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 482 $136,030,000 $282,220 $9,791 5.23%
    $100k-200k 320 $49,070,000 $153,344 $6,314 5.12%
    $400k-600k 94 $44,270,000 $470,957 $13,816 5.12%
    $100,000 or less 52 $3,840,000 $73,846 $4,379 5.04%
    $600k-1MM 14 $9,350,000 $667,857 $14,490 5.48%
    $1MM+ 1 $1,245,000 $1,245,000 $23,422 7.13%

    2022 saw Hancock Mortgage Partners place emphasis on $200k-400k loans with 482 originations, totaling $136,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 274 $55,100,000 $201,095 $7,749 5.09%
    $100k-150k 204 $60,740,000 $297,745 $10,376 5.40%
    $75k-100k 175 $47,415,000 $270,943 $9,112 5.08%
    $50k or less 146 $20,870,000 $142,945 $6,341 5.05%
    $150k-250k 129 $44,355,000 $343,837 $10,719 5.28%
    $250k+ 32 $14,330,000 $447,813 $10,453 5.27%

    Hancock Mortgage Partners lent most frequently to those with incomes in the $50k-75k range, with 274 originations. The second most popular income band? $100k-150k, with 204 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 174 $42,250,000 $242,816 $8,458 5.24%
    20-30% 121 $28,935,000 $239,132 $7,209 5.07%
    50-60% 91 $24,305,000 $267,088 $11,854 5.31%
    43% 48 $12,970,000 $270,208 $9,543 5.32%
    44% 47 $11,865,000 $252,447 $9,418 5.06%
    40% 45 $10,685,000 $237,444 $8,618 5.27%
    41% 45 $12,225,000 $271,667 $9,912 5.21%
    48% 39 $10,985,000 $281,667 $8,146 5.17%
    37% 38 $10,200,000 $268,421 $7,981 5.09%
    46% 37 $10,225,000 $276,351 $8,577 5.09%
    45% 37 $9,345,000 $252,568 $8,715 5.05%
    49% 36 $9,160,000 $254,444 $9,040 5.16%
    <20% 35 $7,565,000 $216,143 $6,740 4.74%
    38% 35 $9,235,000 $263,857 $9,343 5.33%
    42% 34 $9,460,000 $278,235 $9,939 5.14%
    47% 34 $7,740,000 $227,647 $8,431 5.54%
    36% 33 $7,255,000 $219,848 $8,384 5.19%
    39% 29 $7,745,000 $267,069 $8,052 5.16%
    >60% 4 $1,540,000 $385,000 $11,389 4.81%

    Hancock Mortgage Partners lent most frequently to those with DTI ratios of 30-36%, with 174 originations. The next most common DTI ratio? 20-30%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 754 $184,590,000 $244,814 $8,380 5.18%
    Black 95 $26,225,000 $276,053 $11,726 5.18%
    Not provided 89 $25,005,000 $280,955 $9,191 5.29%
    Asian 20 $6,020,000 $301,000 $9,116 4.72%
    American Indian 4 $1,640,000 $410,000 $12,257 4.91%
    Native Hawaiian or Islander 1 $325,000 $325,000 $10,597 5.50%

    Approval Rates

    Total approvals of all applications
    97.68%

    Hancock Mortgage Partners has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    53.37%

    Hancock Mortgage Partners has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 963 $243,805,000 $253,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    963 $243,805,000 $253,172

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,030,000 $151,500 $5,130 4.64%
    40-60% 65 $12,855,000 $197,769 $6,957 5.20%
    60-80% 231 $58,025,000 $251,190 $8,273 5.12%
    80-100% 618 $162,660,000 $263,204 $9,085 5.24%
    Over 100% 21 $7,005,000 $333,571 $19,085 5.15%
    Under 20% 8 $230,000 $28,750 $1,354 3.86%