Hancock Mortgage Partners Rates, Fees & Info
SUGAR LAND, TXLEI: 549300RAGLSEPN0V3D13
Tax ID: 26-4461592
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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, Deltona, Cleveland, Boston, and Duluth among others. We have data for 72 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 11/25/24 |
| 30 Year Conventional Refi | 6.87% | 11/25/24 |
| 30 Year Cash-out Refi | 7.05% | 11/25/24 |
| 30 Year FHA Purchase | 7.68% | 11/25/24 |
| 30 Year FHA Refi | 7.59% | 11/25/24 |
| 30 Year VA Purchase | 6.62% | 11/25/24 |
| 30 Year VA Refi | 6.27% | 11/25/24 |
| 30 Year USDA Purchase | 7.03% | 11/25/24 |
| 15 Year Conventional Purchase | 6.01% | 11/25/24 |
| 15 Year Conventional Refi | 6.57% | 11/25/24 |
| 15 Year Cash-out Refi | 6.57% | 11/25/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
528Origination Dollar Volume (All Markets)
$101,630,000Top 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) | 77 | $15,085,000 | $195,909 | $6,683 | 5.08% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 44 | $8,300,000 | $188,636 | $12,291 | 5.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 31 | $5,295,000 | $170,806 | $4,679 | 5.15% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 14 | $5,210,000 | $372,143 | $6,503 | 5.38% |
| DULUTH, MN-WI (FHA|USDA|VA) | 34 | $5,070,000 | $149,118 | $5,959 | 5.19% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 21 | $4,875,000 | $232,143 | $6,845 | 4.96% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 27 | $4,735,000 | $175,370 | $5,324 | 4.83% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 17 | $3,635,000 | $213,824 | $5,950 | 5.06% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 19 | $3,245,000 | $170,789 | $5,390 | 4.93% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 12 | $3,120,000 | $260,000 | $8,562 | 4.83% |
| AKRON, OH (FHA|USDA|VA) | 19 | $2,835,000 | $149,211 | $4,947 | 5.23% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $2,675,000 | $205,769 | $7,908 | 4.92% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 12 | $2,560,000 | $213,333 | $4,523 | 4.96% |
| KANKAKEE, IL (FHA|USDA|VA) | 17 | $2,535,000 | $149,118 | $7,024 | 5.10% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $2,385,000 | $216,818 | $5,203 | 5.01% |
| Outside of Metro Areas | 14 | $2,260,000 | $161,429 | $5,673 | 5.24% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $1,845,000 | $205,000 | $7,980 | 5.31% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 14 | $1,840,000 | $131,429 | $5,878 | 5.27% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $1,780,000 | $222,500 | $8,439 | 5.08% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $1,765,000 | $252,143 | $5,787 | 5.34% |
| El Campo, TX (FHA|USDA|VA) | 9 | $1,625,000 | $180,556 | $5,953 | 5.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $7,993 | 5.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $5,812 | 4.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $6,677 | 5.05% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,229 | 4.56% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $17,571 | 5.63% |
| Bay City, TX (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $5,751 | 5.22% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,335 | 5.31% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $6,183 | 5.34% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,060 | 5.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $7,176 | 4.96% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $4,398 | 5.25% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $11,760 | 5.06% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $9,308 | 4.94% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,226 | 5.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,613 | 5.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,722 | 5.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,000 | 5.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,512 | 4.81% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $1,215 | 4.67% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,178 | 5.63% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,130 | 5.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,955 | 5.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,798 | 5.50% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,206 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,606 | 5.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,098 | 5.25% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,401 | 5.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,814 | 4.63% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,655 | 5.50% |
| Shelbyville, TN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,202 | 4.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,749 | 4.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,120 | 4.50% |
| Waycross, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,653 | 4.88% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,080 | 5.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,650 | 5.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,444 | 5.25% |
| Big Stone Gap, VA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $5,147 | 4.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,767 | 4.75% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,315 | 5.25% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,731 | 4.63% |
| Paris, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,853 | 5.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,887 | 4.50% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,495 | 5.00% |
| Union, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,868 | 5.38% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,897 | 5.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,181 | 5.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,508 | 5.63% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,846 | 4.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,667 | 4.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,478 | 4.88% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,903 | 6.50% |
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
For 2018, Hancock Mortgage Partners's most frequently originated type of loan was Conventional, with 282 originations. Their 2nd most popular type was FHA, with 145 originations.
Loan Reason
For 2018, Hancock Mortgage Partners's most frequently cited loan purpose was Home Purchase, with 453 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2018, Hancock Mortgage Partners's most frequently cited loan duration was 30 Year, with 508 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Hancock Mortgage Partners's average total fees were $6,180, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 163 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 261 | $49,745,000 | $190,594 |
| 4-5% | 255 | $49,525,000 | $194,216 |
| 6-7% | 7 | $1,105,000 | $157,857 |
| 3-4% | 4 | $990,000 | $247,500 |
During 2018, Hancock Mortgage Partners's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 5-6%, with 261 originations.
Loan Sizing
2018 saw Hancock Mortgage Partners place emphasis on $100k-200k loans with 260 originations, totaling $39,330,000 in origination value.
Applicant Income
Hancock Mortgage Partners lent most frequently to those with incomes in the $50k-75k range, with 184 originations. The second most popular income band? $50k or less, with 114 originations.
Applicant Debt to Income Ratio
Hancock Mortgage Partners lent most frequently to those with DTI ratios of 30-36%, with 82 originations. The next most common DTI ratio? 20-30%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
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 origination63.83%
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 | 528 | $101,630,000 | $192,481 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 528 | $101,630,000 | $192,481 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HANCOCK WHITNEY BANK | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |
| HANCOCK WHITNEY BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |