Performance Financial Mortgage Rates, Fees & Info
Valencia, CALEI: 254900QNIR86GUIRYH95
Tax ID: 95-4575252
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Performance Financial is a smaller mortgage company specializing in Refi loans. Performance Financial 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: Los Angeles, Riverside, San Diego, Bakersfield, and Oxnard among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Performance Financial 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. Performance Financial 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
400Origination Dollar Volume (All Markets)
$143,830,000Performance Financial - 2020
Performance Financial is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for Performance Financial?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Top Markets
Click or Hover to activate map
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) | 176 | $62,380,000 | $354,432 | $5,123 | 2.99% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 60 | $19,370,000 | $322,833 | $7,233 | 2.94% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 32 | $15,150,000 | $473,438 | $5,669 | 2.39% |
BAKERSFIELD, CA (FHA|USDA|VA) | 32 | $7,800,000 | $243,750 | $6,915 | 3.44% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $7,555,000 | $503,667 | $6,905 | 2.77% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $4,285,000 | $389,545 | $5,346 | 2.42% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $4,095,000 | $455,000 | $7,464 | 2.63% |
VALLEJO, CA (FHA|USDA|VA) | 8 | $2,730,000 | $341,250 | $5,789 | 2.36% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,155,000 | $307,857 | $6,595 | 2.34% |
STOCKTON, CA (FHA|USDA|VA) | 6 | $2,140,000 | $356,667 | $9,251 | 2.45% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $5,559 | 2.75% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $7,145 | 2.44% |
FRESNO, CA (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $6,195 | 2.44% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $2,893 | 2.65% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $15,779 | 2.63% |
MERCED, CA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $7,179 | 2.42% |
MADERA, CA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $5,125 | 2.25% |
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $12,042 | 2.50% |
RENO, NV (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $4,000 | 3.43% |
MODESTO, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $6,082 | 2.38% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,031 | 2.25% |
NAPA, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $6,674 | 2.25% |
REDDING, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $1,849 | 2.25% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,127 | 2.75% |
SALINAS, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,265 | 2.50% |
VISALIA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,867 | 2.25% |
Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,145 | 2.38% |
TUCSON, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,930 | 2.50% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,125 | 3.88% |
Show Low, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,090 | 2.25% |
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.
Similarity Rank: 345
Similarity Rank: 369
Similarity Rank: 384
Similarity Rank: 560
Similarity Rank: 628
Similarity Rank: 666
Similarity Rank: 716
Similarity Rank: 825
Similarity Rank: 854
Similarity Rank: 946
Product Mix
For 2020, Performance Financial's most frequently originated type of loan was Conventional, with 256 originations. Their 2nd most popular type was VA, with 101 originations.
Loan Reason
For 2020, Performance Financial's most frequently cited loan purpose was Refi, with 289 originations. The 2nd most popular reason was Home Purchase, with 75 originations.
Loan Duration/Length
For 2020, Performance Financial's most frequently cited loan duration was 30 Year, with 375 originations. The 2nd most popular length was 15 Year, with 16 originations.
Origination Fees/Closing Costs
Performance Financial's average total fees were $6,122, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 188 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
<2.5% | 155 | $60,115,000 | $387,839 |
2.5-3% | 136 | $48,280,000 | $355,000 |
3-4% | 84 | $28,340,000 | $337,381 |
4-5% | 19 | $5,725,000 | $301,316 |
5-6% | 3 | $475,000 | $158,333 |
During 2020, Performance Financial's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was <2.5%, with 155 originations.
Loan Sizing
2020 saw Performance Financial place emphasis on $200k-400k loans with 230 originations, totaling $68,450,000 in origination value.
Applicant Income
Performance Financial lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $50k-75k, with 68 originations.
Applicant Debt to Income Ratio
Performance Financial lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.04%
Performance Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination54.75%
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 | 400 | $143,830,000 | $359,575 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 1 | $165,000 | $165,000 |
Single Family (1-4 Units):Site-Built | 399 | $143,665,000 | $360,063 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
PREFERRED MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
PREFERRED MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |