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, 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.
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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
963Origination Dollar Volume (All Markets)
$243,805,000Awards
HANCOCK MORTGAGE PARTNERS - 2022
HANCOCK MORTGAGE PARTNERS is a 2022 , due to their low .
For 2022, 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) | 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% |
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 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
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
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
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
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
2022 saw Hancock Mortgage Partners place emphasis on $200k-400k loans with 482 originations, totaling $136,030,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.68%
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 origination53.37%
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 |