Hancock Mortgage Partners Rates, Fees & Info

SUGAR LAND, TX

LEI: 549300RAGLSEPN0V3D13

Tax ID: 26-4461592

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Hancock Mortgage Partners is a smaller mortgage company specializing in Home Purchase and Refi 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, Minneapolis, Duluth, Boston, and Detroit among others. We have data for 114 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 7.00% 5/19/24
30 Year Conventional Refi 6.87% 5/19/24
30 Year Cash-out Refi 7.05% 5/19/24
30 Year FHA Purchase 7.68% 5/19/24
30 Year FHA Refi 7.59% 5/19/24
30 Year VA Purchase 6.62% 5/19/24
30 Year VA Refi 6.27% 5/19/24
30 Year USDA Purchase 7.03% 5/19/24
15 Year Conventional Purchase 6.01% 5/19/24
15 Year Conventional Refi 6.57% 5/19/24
15 Year Cash-out Refi 6.57% 5/19/24
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

1,658

Origination Dollar Volume (All Markets)

$378,310,000
Show all (5) 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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 236 $57,860,000 $245,169 $7,346 3.20%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 145 $36,305,000 $250,379 $4,906 2.90%
DULUTH, MN-WI (FHA|USDA|VA) 112 $25,420,000 $226,964 $5,702 3.26%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 70 $25,240,000 $360,571 $5,223 3.39%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 111 $22,495,000 $202,658 $3,605 3.20%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 92 $20,750,000 $225,543 $6,025 3.37%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 99 $18,795,000 $189,848 $6,242 3.27%
WACO, TX (FHA|USDA|VA) 80 $15,870,000 $198,375 $6,525 3.08%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 52 $13,740,000 $264,231 $8,512 3.14%
JACKSONVILLE, FL (FHA|USDA|VA) 48 $11,540,000 $240,417 $6,708 3.09%
JOHNSON CITY, TN (FHA|USDA|VA) 50 $10,220,000 $204,400 $6,164 3.24%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 40 $8,640,000 $216,000 $5,850 3.18%
Outside of Metro Areas 46 $8,250,000 $179,348 $5,716 3.37%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 34 $7,460,000 $219,412 $5,593 3.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 26 $7,440,000 $286,154 $6,663 3.23%
ALBUQUERQUE, NM (FHA|USDA|VA) 34 $6,620,000 $194,706 $4,615 3.85%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 23 $6,505,000 $282,826 $6,425 3.48%
ROCHESTER, MN (FHA|USDA|VA) 27 $5,845,000 $216,481 $5,432 3.15%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 25 $5,765,000 $230,600 $5,658 3.11%
PANAMA CITY, FL (FHA|USDA|VA) 22 $4,610,000 $209,545 $7,290 2.55%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 13 $3,265,000 $251,154 $6,616 3.81%
KANKAKEE, IL (FHA|USDA|VA) 21 $3,255,000 $155,000 $5,016 3.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $3,090,000 $154,500 $6,009 3.75%
Greenwood, SC (FHA|USDA|VA) 13 $2,415,000 $185,769 $4,193 3.00%
Greeneville, TN (FHA|USDA|VA) 11 $2,285,000 $207,727 $5,460 3.15%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $2,240,000 $280,000 $4,358 3.61%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,955,000 $391,000 $6,393 3.20%
GAINESVILLE, GA (FHA|USDA|VA) 7 $1,515,000 $216,429 $4,648 3.84%
MORRISTOWN, TN (FHA|USDA|VA) 8 $1,410,000 $176,250 $5,182 3.08%
Sturgis, MI (FHA|USDA|VA) 9 $1,365,000 $151,667 $4,391 2.96%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,355,000 $271,000 $5,590 3.30%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,255,000 $179,286 $4,765 4.04%
ST. CLOUD, MN (FHA|USDA|VA) 6 $1,240,000 $206,667 $3,132 3.15%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,195,000 $239,000 $6,826 3.13%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,754 3.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,040,000 $260,000 $5,561 2.88%
SPARTANBURG, SC (FHA|USDA|VA) 4 $1,020,000 $255,000 $5,647 3.81%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,015,000 $338,333 $4,521 2.75%
AKRON, OH (FHA|USDA|VA) 2 $930,000 $465,000 $16,122 4.44%
MONROE, MI (FHA|USDA|VA) 5 $905,000 $181,000 $3,833 3.73%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $860,000 $430,000 $4,698 3.13%
KNOXVILLE, TN (FHA|USDA|VA) 3 $845,000 $281,667 $5,263 3.25%
FLINT, MI (FHA|USDA|VA) 3 $755,000 $251,667 $6,630 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $740,000 $185,000 $6,339 3.19%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $710,000 $355,000 $4,447 3.31%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $700,000 $175,000 $3,556 2.34%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $655,000 $218,333 $6,306 3.58%
COLUMBIA, SC (FHA|USDA|VA) 4 $650,000 $162,500 $5,193 3.72%
BATTLE CREEK, MI (FHA|USDA|VA) 5 $635,000 $127,000 $3,611 3.30%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $630,000 $315,000 $3,930 2.75%
Cornelia, GA (FHA|USDA|VA) 2 $620,000 $310,000 $6,229 4.06%
MADISON, WI (FHA|USDA|VA) 2 $570,000 $285,000 $6,822 2.69%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $540,000 $270,000 $7,541 2.69%
SPRINGFIELD, MO (FHA|USDA|VA) 2 $540,000 $270,000 $3,336 3.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 4 $530,000 $132,500 $4,415 3.94%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $525,000 $175,000 $1,723 3.83%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $520,000 $260,000 $4,524 3.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $505,000 $168,333 $6,359 3.54%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $495,000 $165,000 $4,759 3.13%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $450,000 $225,000 $3,505 2.94%
El Campo, TX (FHA|USDA|VA) 1 $445,000 $445,000 $4,485 4.13%
Owatonna, MN (FHA|USDA|VA) 3 $435,000 $145,000 $4,427 3.50%
Brainerd, MN (FHA|USDA|VA) 2 $430,000 $215,000 $5,308 3.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $425,000 $425,000 $16,471 3.25%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $425,000 $141,667 $6,388 3.54%
Menomonie, WI (FHA|USDA|VA) 2 $410,000 $205,000 $3,805 3.25%
RACINE, WI (FHA|USDA|VA) 2 $410,000 $205,000 $5,353 3.06%
Key West, FL (FHA|USDA|VA) 1 $395,000 $395,000 $12,425 2.63%
Grand Rapids, MN (FHA|USDA|VA) 2 $390,000 $195,000 $3,902 2.75%
Red Wing, MN (FHA|USDA|VA) 2 $370,000 $185,000 $2,353 3.31%
APPLETON, WI (FHA|USDA|VA) 1 $345,000 $345,000 $7,349 3.25%
Big Stone Gap, VA (FHA|USDA|VA) 2 $340,000 $170,000 $6,102 3.31%
ANN ARBOR, MI (FHA|USDA|VA) 1 $335,000 $335,000 $12,145 3.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $325,000 $325,000 $7,800 3.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,493 4.00%
Toccoa, GA (FHA|USDA|VA) 2 $310,000 $155,000 $5,640 3.81%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $295,000 $295,000 $10,497 4.13%
Corsicana, TX (FHA|USDA|VA) 2 $290,000 $145,000 $4,624 2.81%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $285,000 $95,000 $4,431 3.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $275,000 $275,000 $19,475 2.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $255,000 $255,000 $5,364 3.00%
Gaffney, SC (FHA|USDA|VA) 1 $235,000 $235,000 $11,125 3.13%
Greensburg, IN (FHA|USDA|VA) 1 $215,000 $215,000 $4,211 3.50%
Lawrenceburg, TN (FHA|USDA|VA) 1 $205,000 $205,000 $4,096 2.38%
Fergus Falls, MN (FHA|USDA|VA) 1 $205,000 $205,000 $2,546 2.38%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $205,000 $205,000 $4,152 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,394 2.63%
Holland, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,989 3.63%
Bluefield, WV-VA (FHA|USDA|VA) 1 $195,000 $195,000 $5,638 2.63%
Alamogordo, NM (FHA|USDA|VA) 1 $185,000 $185,000 $5,331 4.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $185,000 $185,000 $6,283 3.13%
LONGVIEW, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,339 2.75%
NILES, MI (FHA|USDA|VA) 1 $175,000 $175,000 $5,802 3.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,047 4.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $4,184 2.75%
LYNCHBURG, VA (FHA|USDA|VA) 2 $170,000 $85,000 $4,100 3.94%
Sevierville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $5,813 3.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,906 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,626 2.50%
OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,380 2.38%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $4,344 5.00%
Marion, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,458 4.75%
Union, SC (FHA|USDA|VA) 1 $135,000 $135,000 $5,710 4.13%
Ozark, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,954 3.75%
JACKSON, MS (FHA|USDA|VA) 1 $125,000 $125,000 $3,774 3.00%
Sault Ste. Marie, MI (FHA|USDA|VA) 1 $125,000 $125,000 $1,980 3.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $1,548 3.13%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,145 2.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,265 3.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,772 2.75%
Palatka, FL (FHA|USDA|VA) 1 $85,000 $85,000 $5,138 3.63%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $75,000 $75,000 $4,333 4.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $75,000 $75,000 $4,499 3.63%
ST. GEORGE, UT (FHA|USDA|VA) 1 $55,000 $55,000 $2,801 4.25%
Hancock Mortgage Partners's top markets include Houston, Minneapolis, Duluth, Boston, and Detroit among others.

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

    CONSUMER Credit Union
    Similarity Rank: 33
    NORTHEAST COMMUNITY
    Similarity Rank: 82
    Western National Bank
    Similarity Rank: 120
    Kingsport Press Credit Union
    Similarity Rank: 144
    NORTHWOODS
    Similarity Rank: 156
    SUPERIOR CHOICE
    Similarity Rank: 198
    ADVANTAGE ONE Credit Union
    Similarity Rank: 287
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    SECURITY CREDIT UNION
    Similarity Rank: 387

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,050 $240,940,000 $229,467 $5,038 3.27%
    FHA 293 $57,425,000 $195,990 $8,135 3.30%
    VA 273 $72,835,000 $266,795 $6,581 3.04%
    USDA 42 $7,110,000 $169,286 $6,212 3.35%

    For 2020, Hancock Mortgage Partners's most frequently originated type of loan was Conventional, with 1,050 originations. Their 2nd most popular type was FHA, with 293 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 999 $224,975,000 $225,200 $6,629 3.28%
    Refi 448 $103,930,000 $231,987 $4,231 3.06%
    Cash Out Refi 211 $49,405,000 $234,147 $5,748 3.41%

    For 2020, Hancock Mortgage Partners's most frequently cited loan purpose was Home Purchase, with 999 originations. The 2nd most popular reason was Refi, with 448 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,500 $347,100,000 $231,400 $6,035 3.26%
    15 Year 84 $16,350,000 $194,643 $4,141 2.85%
    20 Year 46 $9,740,000 $211,739 $4,669 3.20%
    Other 22 $4,740,000 $215,455 $4,796 3.13%
    10 Year 6 $380,000 $63,333 $1,751 3.52%

    For 2020, Hancock Mortgage Partners's most frequently cited loan duration was 30 Year, with 1,500 originations. The 2nd most popular length was 15 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 594 $134,890,000 $227,088
    $2k-3k 415 $89,725,000 $216,205
    $<1k 312 $67,530,000 $216,442
    $3k-4k 131 $27,975,000 $213,550
    $5k+ 119 $36,785,000 $309,118
    $4k-5k 87 $21,405,000 $246,034

    Hancock Mortgage Partners's average total fees were $6,035, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 594 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 738 $165,900,000 $224,797
    2.5-3% 618 $145,670,000 $235,712
    4-5% 150 $29,350,000 $195,667
    <2.5% 145 $36,175,000 $249,483
    5-6% 7 $1,215,000 $173,571

    During 2020, Hancock Mortgage Partners's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 738 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 799 $218,565,000 $273,548 $6,598 3.12%
    $100k-200k 638 $98,120,000 $153,793 $4,934 3.36%
    $100,000 or less 110 $8,060,000 $73,273 $3,563 3.38%
    $400k-600k 102 $46,950,000 $460,294 $7,741 3.19%
    $600k-1MM 8 $5,550,000 $693,750 $14,922 3.75%
    $1MM+ 1 $1,065,000 $1,065,000 $10,215 3.63%

    2020 saw Hancock Mortgage Partners place emphasis on $200k-400k loans with 799 originations, totaling $218,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 459 $90,065,000 $196,220 $5,948 3.22%
    $50k or less 364 $62,270,000 $171,071 $4,675 3.22%
    $100k-150k 304 $83,300,000 $274,013 $6,271 3.28%
    $75k-100k 299 $70,925,000 $237,207 $6,383 3.20%
    $150k-250k 178 $54,210,000 $304,551 $6,590 3.28%
    $250k+ 54 $17,540,000 $324,815 $5,765 3.26%

    Hancock Mortgage Partners lent most frequently to those with incomes in the $50k-75k range, with 459 originations. The second most popular income band? $50k or less, with 364 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 1 $205,000 $205,000 $6,950 2.75%

    Hancock Mortgage Partners lent most frequently to those with DTI ratios of >60%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,351 $303,485,000 $224,637 $5,638 3.23%
    Not provided 214 $52,640,000 $245,981 $6,669 3.27%
    Black 78 $18,180,000 $233,077 $7,792 3.41%
    Asian 13 $3,545,000 $272,692 $5,607 3.01%
    Asian Indian 1 $285,000 $285,000 $2,523 2.63%
    American Indian 1 $175,000 $175,000 $3,094 3.13%

    Approval Rates

    Total approvals of all applications
    98.56%

    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
    64.29%

    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 1,658 $378,310,000 $228,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 22 $3,080,000 $140,000
    Single Family (1-4 Units):Site-Built 1,636 $375,230,000 $229,358

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 1 $205,000 $205,000 $6,950 2.75%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HANCOCK MORTGAGE PARTNERS LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%