Is Partners United Financial, Llc An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Partners United Financial, Llc with other lenders for mortgages with similar borrower characteristics:

Interest Rate: higher than average (+0.14%)
Loan Related Closing Costs: similar to average (+$66)
Assessment: this lender tends to be a expensive lender.

This scoreboard is based on data reported to FFIEC. In the data, Partners United Financial, Llc originated 806 mortgages, a national market share of 0.0%. It was most active in WY (0.5% market share), OH (0.2% market share), and CO (0.1% market share).

On average, Partners United Financial, Llc’s interest rates were higher than those of comparable mortgages at other lenders (+0.14%).1The comparable mortgages control for Partners United Financial, Llc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $4701, which was similar to those of comparable mortgages at $4635, with a difference of +$66. Overall, we estimate that Partners United Financial, Llc tends to be an expensive lender, with a cost-adjusted-rate difference of +0.15% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Therefore, we recommend comparing your rate and fees with at least a few other lenders before signing with Partners United Financial, Llc.

Partners United Financial, Llc originated Conforming, FHA and VA mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Partners United Financial, Llc compared to other lenders

Conforming FHA VA
Interest Rate Difference +0.14% +0.13% +0.10%
Loan related Closing Cost Difference +$23 +$116 -$65
Cost Adjusted Rate Difference +0.14% +0.13% +0.08%

Based on the table above, Partners United Financial, Llc is more expensive than other lenders for Conforming, FHA and VA purchase mortgages.

Mortgage Refinancing from Partners United Financial, Llc compared to other lenders

Conforming
Interest Rate Difference +0.26%
Loan Related Closing Cost Difference +$440
Cost Adjusted Rate Difference +0.31%

Based on the table above, Partners United Financial, Llc is more expensive than other lenders for Conforming mortgage refinance.

Other information about Partners United Financial, Llc:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: PLYMOUTH MEETING, PA, 19462

Footnotes   [ + ]

1. The comparable mortgages control for Partners United Financial, Llc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.

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