The Lending Partners Mortgage Rates, Fees & Info

PLANO, TX

LEI: 549300ZUAYBFUJZNVB85

Tax ID: 75-2888366

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

    The Lending Partners is a smaller mortgage company specializing in Home Purchase loans. The Lending 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: Dallas, Sherman, Houston, Austin, and San Antonio among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Lending 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. The Lending 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.

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    Originations

    621

    Origination Dollar Volume (All Markets)

    $177,105,000

    Awards

    The Lending Partners 30 Year Conventional Loans bronze The Lending Partners FHA Loans gold The Lending Partners VA Loans silver The Lending Partners 30 Year Conventional Loans silver
    Show all (4) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 579 $167,705,000 $289,646 $5,704 4.63%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 21 $4,065,000 $193,571 $5,171 4.74%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,135,000 $378,333 $5,906 4.71%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $905,000 $301,667 $5,035 4.92%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $690,000 $345,000 $3,639 5.38%
    LUBBOCK, TX (FHA|USDA|VA) 2 $560,000 $280,000 $4,820 5.00%
    Athens, TX (FHA|USDA|VA) 3 $525,000 $175,000 $5,536 4.71%
    Outside of Metro Areas 2 $480,000 $240,000 $4,595 4.88%
    LONGVIEW, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,044 5.00%
    Bay City, TX (FHA|USDA|VA) 1 $235,000 $235,000 $9,247 5.00%
    Bonham, TX (FHA|USDA|VA) 2 $230,000 $115,000 $6,173 5.00%
    ABILENE, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,621 4.63%
    TYLER, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,780 4.25%
    The Lending Partners's top markets include Dallas, Sherman, Houston, Austin, and San Antonio among others.

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

    • Similar Lenders

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

    NEIGHBORHOOD
    Similarity Rank: 200
    TEXANS
    Similarity Rank: 416
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 780
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 870
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 897
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 992
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    DATCU
    Similarity Rank: 1440
    ESB Mortgage Company
    Similarity Rank: 1488
    TEXAS TRUST
    Similarity Rank: 1809

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 527 $148,805,000 $282,362 $5,051 4.68%
    FHA 50 $13,000,000 $260,000 $9,446 4.52%
    VA 43 $15,145,000 $352,209 $8,881 4.34%
    USDA 1 $155,000 $155,000 $5,824 4.50%

    For 2018, The Lending Partners's most frequently originated type of loan was Conventional, with 527 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 569 $165,915,000 $291,591 $5,895 4.54%
    Cash Out Refi 43 $8,505,000 $197,791 $2,929 6.00%
    Refi 9 $2,685,000 $298,333 $4,649 4.43%

    For 2018, The Lending Partners's most frequently cited loan purpose was Home Purchase, with 569 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 546 $158,370,000 $290,055 $5,890 4.57%
    15 Year 32 $9,400,000 $293,750 $5,442 4.08%
    Other 29 $4,935,000 $170,172 $1,959 6.66%
    20 Year 14 $4,400,000 $314,286 $5,366 4.44%

    For 2018, The Lending Partners's most frequently cited loan duration was 30 Year, with 546 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 414 $118,920,000 $287,246
    $2k-3k 95 $24,365,000 $256,474
    $<1k 58 $15,540,000 $267,931
    $3k-4k 28 $8,630,000 $308,214
    $4k-5k 14 $4,400,000 $314,286
    $5k+ 12 $5,250,000 $437,500

    The Lending Partners's average total fees were $5,890, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 414 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 502 $144,770,000 $288,386
    3-4% 46 $16,530,000 $359,348
    5-6% 43 $10,685,000 $248,488
    6-7% 30 $5,120,000 $170,667

    During 2018, The Lending Partners's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 502 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 375 $107,225,000 $285,933 $5,744 4.53%
    $100k-200k 138 $22,110,000 $160,217 $4,527 4.86%
    $400k-600k 84 $37,960,000 $451,905 $7,262 4.55%
    $100,000 or less 14 $1,020,000 $72,857 $1,892 6.18%
    $600k-1MM 7 $5,085,000 $726,429 $10,493 4.34%
    $1MM+ 3 $3,705,000 $1,235,000 $11,071 4.58%

    2018 saw The Lending Partners place emphasis on $200k-400k loans with 375 originations, totaling $107,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 183 $51,795,000 $283,033 $5,942 4.57%
    $150k-250k 139 $46,835,000 $336,942 $5,835 4.73%
    $50k-75k 107 $21,635,000 $202,196 $5,169 4.63%
    $75k-100k 103 $25,395,000 $246,553 $5,713 4.56%
    $250k+ 69 $28,225,000 $409,058 $5,678 4.78%
    $50k or less 20 $3,220,000 $161,000 $4,507 4.71%

    The Lending Partners lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $150k-250k, with 139 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 127 $34,865,000 $274,528 $5,211 4.57%
    30-36% 124 $37,670,000 $303,790 $5,822 4.62%
    <20% 35 $10,845,000 $309,857 $5,040 4.59%
    38% 34 $9,610,000 $282,647 $5,425 4.59%
    40% 33 $8,695,000 $263,485 $5,979 4.79%
    36% 31 $9,005,000 $290,484 $5,261 4.60%
    39% 29 $8,185,000 $282,241 $5,398 4.77%
    41% 26 $6,930,000 $266,538 $6,058 4.63%
    37% 23 $6,515,000 $283,261 $5,193 4.74%
    43% 21 $5,075,000 $241,667 $5,835 4.84%
    49% 21 $5,765,000 $274,524 $5,320 4.80%
    42% 20 $6,410,000 $320,500 $6,593 4.47%
    47% 20 $5,970,000 $298,500 $6,582 4.64%
    44% 18 $5,020,000 $278,889 $5,617 4.60%
    46% 17 $4,605,000 $270,882 $4,892 4.66%
    50-60% 15 $4,625,000 $308,333 $9,559 4.41%
    48% 13 $3,065,000 $235,769 $6,087 4.64%
    45% 11 $3,275,000 $297,727 $5,628 4.75%
    >60% 3 $975,000 $325,000 $5,625 6.58%

    The Lending Partners lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 520 $148,260,000 $285,115 $5,677 4.65%
    Not provided 58 $17,170,000 $296,034 $5,564 4.60%
    Asian 23 $5,655,000 $245,870 $5,103 4.68%
    Black 18 $5,630,000 $312,778 $6,687 4.65%
    American Indian 1 $265,000 $265,000 $4,553 4.88%
    Native Hawaiian or Islander 1 $125,000 $125,000 $4,960 4.63%

    Approval Rates

    Total approvals of all applications
    98.80%

    The Lending 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
    73.59%

    The Lending Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 621 $177,105,000 $285,193

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $300,000 $150,000
    Single Family (1-4 Units):Site-Built 619 $176,805,000 $285,630

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $3,275,000 $155,952 $3,077 5.71%
    40-60% 47 $12,075,000 $256,915 $4,775 4.71%
    60-80% 194 $59,680,000 $307,629 $5,435 4.61%
    80-100% 344 $98,150,000 $285,320 $5,904 4.57%
    Over 100% 10 $3,490,000 $349,000 $14,152 4.40%
    Under 20% 5 $435,000 $87,000 $1,165 6.60%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    The Lending Source, Ltd. Conventional home mortgage Trouble during payment process 1 100.0%