Hancock Mortgage Partners Rates, Fees & Info

SUGAR LAND, TX

LEI: 549300RAGLSEPN0V3D13

Tax ID: 26-4461592

3.2 stars - out of 5 stars, based on 42 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Hancock Mortgage Partners is a smaller mortgage company specializing in 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, Deltona, Kingsport, Duluth, and Minneapolis among others. We have data for 140 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 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 7.10% 12/4/22
    30 Year Conventional Refi 6.97% 12/4/22
    30 Year Cash-out Refi 7.17% 12/4/22
    30 Year FHA Purchase 8.01% 12/4/22
    30 Year FHA Refi 7.63% 12/4/22
    30 Year VA Purchase 7.02% 12/4/22
    30 Year VA Refi 6.53% 12/4/22
    30 Year USDA Purchase 7.34% 12/4/22
    15 Year Conventional Purchase 6.46% 12/4/22
    15 Year Conventional Refi 6.28% 12/4/22
    15 Year Cash-out Refi 6.28% 12/4/22
    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.


    Originations

    1,762

    Origination Dollar Volume (All Markets)

    $417,560,000

    Awards

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

    Relative Rate

    Hancock Mortgage Partners's average 30 year fixed mortgage rate was 3.25%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.1%.

    Relative Fees (Closing Costs)

    Hancock Mortgage Partners's average total fees/closing costs for a 30 year fixed rate mortgage were $6,240.

    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) 199 $52,855,000 $265,603 $7,330 3.22%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 131 $31,615,000 $241,336 $6,040 3.24%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 135 $26,055,000 $193,000 $5,683 3.13%
    DULUTH, MN-WI (FHA|USDA|VA) 131 $25,805,000 $196,985 $5,060 3.22%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 98 $25,600,000 $261,224 $4,983 3.03%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 59 $23,585,000 $399,746 $5,597 3.30%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 58 $17,740,000 $305,862 $8,460 3.14%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 90 $17,410,000 $193,444 $4,318 3.24%
    PANAMA CITY, FL (FHA|USDA|VA) 64 $15,710,000 $245,469 $7,860 3.34%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 66 $15,440,000 $233,939 $7,751 3.28%
    Outside of Metro Areas 75 $14,085,000 $187,800 $5,216 3.29%
    JOHNSON CITY, TN (FHA|USDA|VA) 57 $12,555,000 $220,263 $6,411 3.06%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 45 $11,935,000 $265,222 $6,431 3.26%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 61 $11,375,000 $186,475 $4,064 3.16%
    JACKSONVILLE, FL (FHA|USDA|VA) 40 $10,440,000 $261,000 $6,769 3.27%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 36 $9,410,000 $261,389 $5,807 3.16%
    ROCHESTER, MN (FHA|USDA|VA) 36 $8,360,000 $232,222 $5,384 3.06%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 25 $8,315,000 $332,600 $6,790 3.32%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 27 $5,955,000 $220,556 $6,087 3.34%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 21 $5,945,000 $283,095 $8,183 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $4,255,000 $250,294 $7,919 3.19%
    WACO, TX (FHA|USDA|VA) 18 $3,380,000 $187,778 $7,011 3.15%
    Greeneville, TN (FHA|USDA|VA) 14 $3,020,000 $215,714 $5,023 3.01%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 15 $2,875,000 $191,667 $5,196 3.38%
    EL PASO, TX (FHA|USDA|VA) 11 $2,405,000 $218,636 $7,247 3.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $2,140,000 $267,500 $7,028 3.42%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $1,905,000 $381,000 $8,395 3.35%
    Sturgis, MI (FHA|USDA|VA) 10 $1,660,000 $166,000 $4,080 3.11%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,605,000 $321,000 $10,203 3.38%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 9 $1,445,000 $160,556 $4,891 3.28%
    Red Wing, MN (FHA|USDA|VA) 5 $1,285,000 $257,000 $5,969 3.20%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,723 3.44%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,160,000 $193,333 $6,131 3.33%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,130,000 $282,500 $3,369 2.94%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $1,030,000 $257,500 $8,151 3.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,461 3.28%
    Seneca, SC (FHA|USDA|VA) 3 $935,000 $311,667 $6,040 3.33%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $815,000 $163,000 $3,836 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $800,000 $200,000 $7,838 3.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $795,000 $265,000 $7,650 3.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $770,000 $385,000 $5,749 3.44%
    Kerrville, TX (FHA|USDA|VA) 2 $760,000 $380,000 $8,177 3.38%
    Farmington, MO (FHA|USDA|VA) 3 $725,000 $241,667 $6,012 3.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $720,000 $360,000 $6,362 2.94%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 3 $675,000 $225,000 $3,824 3.33%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $615,000 $205,000 $5,048 3.54%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $615,000 $123,000 $3,904 3.35%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $605,000 $605,000 $13,227 3.00%
    Palatka, FL (FHA|USDA|VA) 3 $605,000 $201,667 $6,532 3.33%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $600,000 $300,000 $5,235 3.00%
    Mount Sterling, KY (FHA|USDA|VA) 3 $585,000 $195,000 $4,322 2.92%
    Hutchinson, MN (FHA|USDA|VA) 2 $570,000 $285,000 $5,428 3.44%
    Huntsville, TX (FHA|USDA|VA) 2 $560,000 $280,000 $11,884 3.69%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $550,000 $275,000 $9,790 3.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $545,000 $545,000 $4,384 3.63%
    Big Stone Gap, VA (FHA|USDA|VA) 3 $535,000 $178,333 $3,292 3.17%
    Grand Rapids, MN (FHA|USDA|VA) 2 $520,000 $260,000 $7,458 3.94%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $520,000 $260,000 $11,780 3.94%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $500,000 $250,000 $6,898 3.25%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $495,000 $165,000 $4,608 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $495,000 $495,000 $6,075 3.75%
    ROME, GA (FHA|USDA|VA) 3 $485,000 $161,667 $4,840 3.25%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $475,000 $475,000 $11,666 2.75%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $465,000 $465,000 $8,174 3.25%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $460,000 $230,000 $4,646 3.06%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $460,000 $230,000 $8,682 2.94%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $460,000 $230,000 $3,842 3.50%
    Menomonie, WI (FHA|USDA|VA) 2 $450,000 $225,000 $3,978 3.69%
    Richmond-Berea, KY (FHA|USDA|VA) 3 $445,000 $148,333 $6,606 3.38%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $440,000 $220,000 $8,907 3.44%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $430,000 $215,000 $6,142 3.06%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $420,000 $210,000 $7,077 3.50%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $410,000 $205,000 $4,704 3.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $400,000 $200,000 $9,148 3.88%
    COLUMBIA, MO (FHA|USDA|VA) 2 $390,000 $195,000 $3,466 3.13%
    DOTHAN, AL (FHA|USDA|VA) 1 $385,000 $385,000 $18,531 2.75%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $385,000 $385,000 $3,142 3.25%
    Greenwood, SC (FHA|USDA|VA) 4 $380,000 $95,000 $5,558 3.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,032 3.88%
    Brainerd, MN (FHA|USDA|VA) 2 $370,000 $185,000 $3,576 3.69%
    Crossville, TN (FHA|USDA|VA) 1 $365,000 $365,000 $7,730 3.50%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $6,701 3.50%
    MORRISTOWN, TN (FHA|USDA|VA) 2 $360,000 $180,000 $9,623 3.00%
    Corsicana, TX (FHA|USDA|VA) 2 $360,000 $180,000 $6,021 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,835 2.75%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $330,000 $165,000 $4,889 3.19%
    STOCKTON, CA (FHA|USDA|VA) 1 $325,000 $325,000 $9,233 3.38%
    OCALA, FL (FHA|USDA|VA) 2 $310,000 $155,000 $6,967 3.44%
    Austin, MN (FHA|USDA|VA) 1 $275,000 $275,000 $13,145 3.25%
    Athens, TX (FHA|USDA|VA) 1 $265,000 $265,000 $10,696 3.63%
    WILMINGTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,904 3.50%
    FLINT, MI (FHA|USDA|VA) 1 $245,000 $245,000 $3,916 3.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $245,000 $245,000 $3,921 2.75%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,397 2.38%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,864 3.25%
    Waycross, GA (FHA|USDA|VA) 1 $245,000 $245,000 $4,373 3.00%
    Winona, MN (FHA|USDA|VA) 1 $245,000 $245,000 $4,491 3.38%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $235,000 $235,000 $4,866 2.88%
    TUCSON, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $5,232 3.50%
    Baraboo, WI (FHA|USDA|VA) 1 $225,000 $225,000 $7,304 3.50%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $225,000 $225,000 $3,571 2.88%
    Cookeville, TN (FHA|USDA|VA) 1 $225,000 $225,000 $5,522 2.50%
    Gainesville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,274 3.00%
    MANKATO, MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,194 3.50%
    Fergus Falls, MN (FHA|USDA|VA) 2 $220,000 $110,000 $5,560 3.50%
    El Campo, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,019 2.88%
    JACKSON, MI (FHA|USDA|VA) 1 $205,000 $205,000 $3,391 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,514 4.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $3,978 3.25%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $185,000 $185,000 $4,859 3.75%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $185,000 $185,000 $4,130 3.38%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $3,460 2.25%
    MIDLAND, TX (FHA|USDA|VA) 1 $175,000 $175,000 $8,518 3.25%
    Danville, KY (FHA|USDA|VA) 1 $175,000 $175,000 $7,149 3.25%
    Tifton, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,750 4.13%
    Holland, MI (FHA|USDA|VA) 1 $165,000 $165,000 $3,507 3.25%
    Frankfort, KY (FHA|USDA|VA) 1 $165,000 $165,000 $6,268 3.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $1,819 3.25%
    Shelby, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,996 3.25%
    Pampa, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,615 3.25%
    FARGO, ND-MN (FHA|USDA|VA) 2 $150,000 $75,000 $2,102 3.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,765 3.25%
    Sevierville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $4,115 3.63%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $145,000 $145,000 $2,496 3.25%
    Jesup, GA (FHA|USDA|VA) 1 $145,000 $145,000 $5,502 3.25%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $145,000 $145,000 $6,918 3.13%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,666 2.88%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,182 2.50%
    DECATUR, AL (FHA|USDA|VA) 1 $125,000 $125,000 $1,850 3.25%
    LUBBOCK, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,125 3.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $6,552 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,994 3.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $5,818 2.75%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $110,000 $55,000 $1,792 1.81%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $6,054 3.50%
    Cedartown, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,666 3.50%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $95,000 $95,000 $4,773 3.63%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $3,157 2.63%
    Platteville, WI (FHA|USDA|VA) 1 $85,000 $85,000 $4,848 3.88%
    Willmar, MN (FHA|USDA|VA) 1 $35,000 $35,000 $3,629 3.88%
    Hancock Mortgage Partners's top markets include Houston, Deltona, Kingsport, Duluth, and Minneapolis among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Massachusetts (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,213 $283,425,000 $233,656 $5,201 3.23%
    FHA 295 $63,655,000 $215,780 $8,863 3.27%
    VA 224 $65,340,000 $291,696 $7,187 3.10%
    USDA 30 $5,140,000 $171,333 $6,189 3.07%

    For 2021, Hancock Mortgage Partners's most frequently originated type of loan was Conventional, with 1,213 originations. Their 2nd most popular type was FHA, with 295 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,158 $282,450,000 $243,912 $6,627 3.23%
    Refi 328 $73,600,000 $224,390 $4,697 3.04%
    Cash Out Refi 276 $61,510,000 $222,862 $5,451 3.34%

    For 2021, Hancock Mortgage Partners's most frequently cited loan purpose was Home Purchase, with 1,158 originations. The 2nd most popular reason was Refi, with 328 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,600 $386,280,000 $241,425 $6,240 3.25%
    15 Year 76 $14,580,000 $191,842 $4,828 2.75%
    Other 38 $7,870,000 $207,105 $4,863 3.09%
    20 Year 30 $6,520,000 $217,333 $4,457 3.03%
    10 Year 18 $2,310,000 $128,333 $2,711 2.78%

    For 2021, Hancock Mortgage Partners's most frequently cited loan duration was 30 Year, with 1,600 originations. The 2nd most popular length was 15 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 639 $140,675,000 $220,149
    $2k-3k 488 $114,410,000 $234,447
    $<1k 215 $46,635,000 $216,907
    $3k-4k 172 $40,900,000 $237,791
    $5k+ 152 $48,620,000 $319,868
    $4k-5k 96 $26,320,000 $274,167

    Hancock Mortgage Partners's average total fees were $6,240, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 639 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,120 $264,980,000 $236,589
    2.5-3% 476 $115,000,000 $241,597
    <2.5% 99 $24,015,000 $242,576
    4-5% 67 $13,565,000 $202,463

    During 2021, Hancock Mortgage Partners's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 1,120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 879 $243,275,000 $276,763 $6,856 3.23%
    $100k-200k 620 $95,540,000 $154,097 $5,089 3.25%
    $400k-600k 132 $62,880,000 $476,364 $7,777 3.15%
    $100,000 or less 120 $8,260,000 $68,833 $3,437 2.96%
    $600k-1MM 11 $7,605,000 $691,364 $9,012 3.32%

    2021 saw Hancock Mortgage Partners place emphasis on $200k-400k loans with 879 originations, totaling $243,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 482 $100,610,000 $208,734 $6,283 3.17%
    $100k-150k 363 $99,565,000 $274,284 $6,398 3.27%
    $75k-100k 352 $86,590,000 $245,994 $6,377 3.29%
    $50k or less 286 $42,460,000 $148,462 $5,252 3.17%
    $150k-250k 160 $52,700,000 $329,375 $5,973 3.23%
    $250k+ 75 $24,235,000 $323,133 $6,659 3.30%

    Hancock Mortgage Partners lent most frequently to those with incomes in the $50k-75k range, with 482 originations. The second most popular income band? $100k-150k, with 363 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1 $215,000 $215,000 $7,736 3.25%
    40% 1 $165,000 $165,000 $7,481 3.13%
    43% 1 $245,000 $245,000 $5,802 3.38%
    49% 1 $525,000 $525,000 $5,326 3.00%
    50-60% 1 $245,000 $245,000 $8,311 3.25%

    Hancock Mortgage Partners lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 40%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,379 $316,335,000 $229,394 $5,889 3.20%
    Not provided 228 $58,440,000 $256,316 $6,397 3.24%
    Black 101 $28,415,000 $281,337 $7,831 3.31%
    Asian 42 $11,780,000 $280,476 $6,547 3.18%
    American Indian 8 $1,840,000 $230,000 $6,010 3.31%
    Native Hawaiian or Islander 2 $410,000 $205,000 $7,718 3.06%
    Other Asian 2 $340,000 $170,000 $5,528 3.63%

    Approval Rates

    Total approvals of all applications
    98.40%

    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
    68.39%

    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 1,762 $417,560,000 $236,981

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,762 $417,560,000 $236,981

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 5 $1,395,000 $279,000 $6,931 3.20%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 42.9%
    HANCOCK WHITNEY BANK Conventional home mortgage Closing on a mortgage 1 14.3%
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 1 14.3%
    HANCOCK WHITNEY BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 14.3%
    HANCOCK WHITNEY BANK Other type of mortgage Trouble during payment process 1 14.3%