Partnership Bank Mortgage Rates, Fees & Info

Cedarburg, WI

LEI: 549300VXBTQBE5NEW917

Tax ID: 39-0148150

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Partnership Bank is a smaller bank specializing in Home Purchase and Refi loans. Partnership Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Milwaukee, Watertown, Beaver Dam, Wausau, and La Crosse among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Partnership Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Partnership Bank is typically a low 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.

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    Originations

    227

    Origination Dollar Volume (All Markets)

    $51,325,000

    Awards

    Partnership Bank 30 Year Conventional Loans gold Partnership Bank 30 Year Conventional Loans gold Partnership Bank 30 Year Conventional Loans gold
    Show all (3) 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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 129 $33,245,000 $257,713 $1,390 4.51%
    Outside of Metro Areas 62 $10,990,000 $177,258 $1,568 4.78%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 12 $2,640,000 $220,000 $1,355 5.02%
    Beaver Dam, WI (FHA|USDA|VA) 14 $1,880,000 $134,286 $1,421 4.71%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $0 5.13%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 3 $495,000 $165,000 $1,361 4.46%
    SHEBOYGAN, WI (FHA|USDA|VA) 3 $415,000 $138,333 $1,189 4.67%
    Baraboo, WI (FHA|USDA|VA) 2 $270,000 $135,000 $1,240 5.63%
    MADISON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $1,422 4.63%
    Partnership Bank's top markets include Milwaukee, Watertown, Beaver Dam, Wausau, and La Crosse among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Partnership Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AppleTree Credit Union
    Similarity Rank: 10
    NORTHWESTERN MUTUAL
    Similarity Rank: 12
    Kohler Credit Union
    Similarity Rank: 128
    Empower Credit Union
    Similarity Rank: 135
    HERITAGE CREDIT UNION
    Similarity Rank: 143
    PRIME FINANCIAL CREDIT UNION
    Similarity Rank: 275
    Partnership Bank
    Similarity Rank: 333
    Glacier Hills Credit Union
    Similarity Rank: 357
    Westbury Bank
    Similarity Rank: 416
    Landmark Credit Union
    Similarity Rank: 600

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 224 $50,960,000 $227,500 $1,396 4.63%
    USDA 3 $365,000 $121,667 $4,018 4.83%

    For 2018, Partnership Bank's most frequently originated type of loan was Conventional, with 224 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 139 $29,845,000 $214,712 $1,550 4.71%
    Refi 42 $12,590,000 $299,762 $1,230 4.38%
    Cash Out Refi 41 $8,065,000 $196,707 $1,285 4.64%
    Home Improvement 5 $825,000 $165,000 $1,283 4.65%

    For 2018, Partnership Bank's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $38,270,000 $227,798 $1,458 4.66%
    15 Year 30 $4,460,000 $148,667 $1,344 4.18%
    20 Year 10 $2,070,000 $207,000 $1,299 4.39%
    5 Year 8 $4,120,000 $515,000 $0 5.44%
    Other 8 $2,020,000 $252,500 $0 5.20%
    3 Year 3 $385,000 $128,333 $0 5.32%

    For 2018, Partnership Bank's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $44,115,000 $217,315
    $1k-2k 5 $685,000 $137,000

    Partnership Bank's average total fees were $1,458, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 164 $36,610,000 $223,232
    5-6% 35 $7,005,000 $200,143
    3-4% 26 $7,410,000 $285,000
    6-7% 2 $300,000 $150,000

    During 2018, Partnership Bank's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 100 $14,940,000 $149,400 $1,464 4.69%
    $200k-400k 64 $17,870,000 $279,219 $1,398 4.63%
    $100,000 or less 34 $2,290,000 $67,353 $1,451 4.76%
    $400k-600k 23 $10,155,000 $441,522 $1,300 4.34%
    $1MM+ 3 $3,925,000 $1,308,333 $2,540 4.51%
    $600k-1MM 3 $2,145,000 $715,000 $1,982 4.21%

    2018 saw Partnership Bank place emphasis on $100k-200k loans with 100 originations, totaling $14,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $12,930,000 $258,600 $1,384 4.56%
    $75k-100k 49 $9,815,000 $200,306 $1,391 4.60%
    $50k or less 37 $4,115,000 $111,216 $1,559 4.62%
    $50k-75k 33 $4,925,000 $149,242 $1,484 4.59%
    $150k-250k 22 $6,470,000 $294,091 $1,312 4.56%
    $250k+ 16 $6,300,000 $393,750 $1,517 4.41%

    Partnership Bank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $75k-100k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $6,020,000 $188,125 $1,478 4.75%
    30-36% 30 $5,770,000 $192,333 $1,484 4.76%
    <20% 15 $2,465,000 $164,333 $1,405 4.49%
    42% 6 $970,000 $161,667 $1,407 4.92%
    47% 5 $1,005,000 $201,000 $1,341 4.68%
    40% 5 $1,015,000 $203,000 $1,385 4.63%
    39% 4 $910,000 $227,500 $1,423 4.91%
    38% 4 $720,000 $180,000 $1,394 4.78%
    50-60% 4 $860,000 $215,000 $1,382 5.06%
    41% 3 $635,000 $211,667 $1,500 4.75%
    48% 3 $405,000 $135,000 $1,274 4.25%
    43% 3 $745,000 $248,333 $1,410 4.83%
    >60% 2 $470,000 $235,000 $1,565 5.25%
    36% 2 $400,000 $200,000 $1,487 4.75%
    44% 2 $540,000 $270,000 $1,607 4.75%
    45% 2 $400,000 $200,000 $1,443 4.94%
    46% 2 $650,000 $325,000 $1,480 4.75%
    49% 2 $310,000 $155,000 $1,402 4.63%
    37% 2 $400,000 $200,000 $2,796 4.56%

    Partnership Bank lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 202 $43,550,000 $215,594 $1,432 4.60%
    Not applicable 12 $4,930,000 $410,833 $0 5.30%
    Not provided 7 $1,405,000 $200,714 $1,452 4.59%
    Asian 4 $970,000 $242,500 $1,490 4.66%
    Native Hawaiian or Islander 1 $365,000 $365,000 $1,357 4.88%
    American Indian 1 $105,000 $105,000 $1,622 5.00%

    Approval Rates

    Total approvals of all applications
    89.38%

    Partnership Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.38%

    Partnership Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 227 $51,325,000 $226,101

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $4,010,000 $668,333
    Single Family (1-4 Units):Manufactured 2 $240,000 $120,000
    Single Family (1-4 Units):Site-Built 219 $47,075,000 $214,954

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,385,000 $197,857 $1,137 4.79%
    40-60% 19 $2,965,000 $156,053 $1,382 4.59%
    60-80% 74 $17,140,000 $231,622 $1,431 4.90%
    80-100% 43 $9,015,000 $209,651 $1,586 4.75%
    Under 20% 1 $185,000 $185,000 $1,499 4.50%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Partners for Payment Relief Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 100.0%