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 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.
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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
1,658Origination Dollar Volume (All Markets)
$378,310,000Awards
HANCOCK MORTGAGE PARTNERS - 2020
HANCOCK MORTGAGE PARTNERS is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
2020 saw Hancock Mortgage Partners place emphasis on $200k-400k loans with 799 originations, totaling $218,565,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications98.56%
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 origination64.29%
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% |