Performance Financial Mortgage Rates, Fees & Info
Valencia, CALEI: 254900QNIR86GUIRYH95
Tax ID: 95-4575252
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Mortgage Data
Review & Overview
Performance Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Performance Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Phoenix among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Performance Financial 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. Performance Financial 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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Originations
565Origination Dollar Volume (All Markets)
$237,555,000Relative Rate
Performance Financial's average 30 year fixed mortgage rate was
7.31%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.83%.
Relative Fees (Closing Costs)
Performance Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $15,095.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 129 | $77,705,000 | $602,364 | $18,174 | 7.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 133 | $46,615,000 | $350,489 | $14,249 | 6.48% |
| Outside of Metro Areas | 128 | $43,010,000 | $336,016 | $11,866 | 7.80% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 16 | $10,350,000 | $646,875 | $17,229 | 7.20% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $7,500,000 | $535,714 | $21,746 | 7.76% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $7,305,000 | $384,474 | $9,697 | 7.86% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $6,775,000 | $967,857 | $22,687 | 8.89% |
| MODESTO, CA (FHA|USDA|VA) | 9 | $3,675,000 | $408,333 | $15,773 | 5.26% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 15 | $3,565,000 | $237,667 | $12,869 | 6.79% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $3,445,000 | $265,000 | $11,680 | 8.91% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $3,430,000 | $343,000 | $11,460 | 7.23% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $3,105,000 | $443,571 | $17,831 | 7.57% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,670,000 | $333,750 | $17,793 | 7.81% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $2,485,000 | $497,000 | $11,992 | 6.60% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $2,050,000 | $512,500 | $19,053 | 9.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $8,315 | 6.94% |
| MERCED, CA (FHA|USDA|VA) | 6 | $1,570,000 | $261,667 | $9,526 | 5.15% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $12,151 | 5.35% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $12,359 | 8.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $6,670 | 7.38% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $27,931 | 8.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $15,891 | 8.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $12,763 | 7.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $15,186 | 8.69% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $20,669 | 8.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $13,441 | 7.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $26,615 | 5.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,778 | 6.50% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,074 | 6.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,853 | 7.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,513 | 7.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,385 | 8.13% |
| Payson, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,312 | 6.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,996 | 8.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,641 | 8.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $17,217 | 8.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Performance Financial 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 2023, Performance Financial's most frequently originated type of loan was Conventional, with 403 originations. Their 2nd most popular type was FHA, with 146 originations.
Loan Reason
For 2023, Performance Financial's most frequently cited loan purpose was Home Purchase, with 411 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.
Loan Duration/Length
For 2023, Performance Financial's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was 10 Year, with 14 originations.
Origination Fees/Closing Costs
Performance Financial's average total fees were $15,095, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 397 originations.
Interest Rates
During 2023, Performance Financial's average interest rate for loans was 7.31%, while their most frequently originated rate bucket for loans was Over 8%, with 226 originations.
Loan Sizing
2023 saw Performance Financial place emphasis on $200k-400k loans with 201 originations, totaling $60,575,000 in origination value.
Applicant Income
Performance Financial lent most frequently to those with incomes in the $100k-150k range, with 160 originations. The second most popular income band? $150k-250k, with 100 originations.
Applicant Debt to Income Ratio
Performance Financial lent most frequently to those with DTI ratios of 50-60%, with 36 originations. The next most common DTI ratio? 49%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.69%
Performance Financial has an average approval rate.
Pick Rate
Approvals leading to origination-68.85%
Performance Financial 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 | 565 | $237,555,000 | $420,451 |