Performance Equity Partners Mortgage Rates, Fees & Info
TINLEY PARK, ILLEI: 549300CN50N3250U7V79
Tax ID: 20-8552989
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Mortgage Data
Review & Overview
Performance Equity Partners is a smaller mortgage company specializing in Home Purchase loans. Performance Equity Partners has a high proportion of conventional loans.Performance Equity Partners has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 12.86% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Performance Equity Partners Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
365Origination Dollar Volume (All Markets)
$13,665,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 365 | $13,665,000 | $37,438 | $0 | 13.58% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 365 | $13,665,000 | $37,438 | $0 | 13.58% |
For 2023, Performance Equity Partners's most frequently originated type of loan was Conventional, with 365 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 365 | $13,665,000 | $37,438 | $0 | 13.58% |
For 2023, Performance Equity Partners's most frequently cited loan purpose was Home Purchase, with 365 originations.
Loan Duration/Length
For 2023, Performance Equity Partners's most frequently cited loan duration was 10 Year, with 225 originations. The 2nd most popular length was Other, with 127 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 365 | $13,665,000 | $37,438 |
During 2023, Performance Equity Partners's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 365 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 362 | $13,340,000 | $36,851 | $0 | 13.60% |
| $100k-200k | 3 | $325,000 | $108,333 | $0 | 11.82% |
2023 saw Performance Equity Partners place emphasis on $100,000 or less loans with 362 originations, totaling $13,340,000 in origination value.
Applicant Income
Performance Equity Partners lent most frequently to those with incomes in the $50k or less range, with 157 originations. The second most popular income band? $50k-75k, with 141 originations.
Applicant Debt to Income Ratio
Performance Equity Partners lent most frequently to those with DTI ratios of 30-36%, with 103 originations. The next most common DTI ratio? 20-30%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications50.03%
Performance Equity Partners has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-27.67%
Performance Equity Partners 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 |
|---|---|---|---|
| 1063.75 | 139 | $5,365,000 | $38,597 |
| 1098.75 | 1 | $35,000 | $35,000 |
| 113.75 | 59 | $2,365,000 | $40,085 |
| 363.75 | 8 | $160,000 | $20,000 |
| 365.75 | 1 | $25,000 | $25,000 |
| 369.75 | 1 | $25,000 | $25,000 |
| 372.75 | 1 | $25,000 | $25,000 |
| 373.75 | 1 | $25,000 | $25,000 |
| 383.75 | 1 | $25,000 | $25,000 |
| 387.75 | 2 | $50,000 | $25,000 |
| 388.75 | 1 | $25,000 | $25,000 |
| 389.75 | 1 | $25,000 | $25,000 |
| 392.75 | 1 | $25,000 | $25,000 |
| 413.75 | 1 | $35,000 | $35,000 |
| 415.75 | 1 | $35,000 | $35,000 |
| 416.75 | 1 | $35,000 | $35,000 |
| 432.75 | 1 | $35,000 | $35,000 |
| 436.75 | 1 | $35,000 | $35,000 |
| 439.75 | 1 | $35,000 | $35,000 |
| 445.75 | 1 | $35,000 | $35,000 |
| 446.75 | 1 | $35,000 | $35,000 |
| 451.75 | 2 | $70,000 | $35,000 |
| 456.75 | 1 | $35,000 | $35,000 |
| 465.75 | 1 | $35,000 | $35,000 |
| 475.75 | 1 | $35,000 | $35,000 |
| 478.75 | 1 | $35,000 | $35,000 |
| 479.75 | 2 | $70,000 | $35,000 |
| 480.75 | 3 | $105,000 | $35,000 |
| 483.75 | 1 | $35,000 | $35,000 |
| 509.75 | 1 | $45,000 | $45,000 |
| 552.75 | 1 | $45,000 | $45,000 |
| 608.75 | 1 | $55,000 | $55,000 |
| 679.75 | 1 | $55,000 | $55,000 |
| 730.75 | 1 | $5,000 | $5,000 |
| 732.75 | 1 | $15,000 | $15,000 |
| 740.75 | 1 | $5,000 | $5,000 |
| 810.75 | 1 | $75,000 | $75,000 |
| 813.75 | 1 | $75,000 | $75,000 |
| 822.75 | 1 | $75,000 | $75,000 |
| 841.75 | 1 | $75,000 | $75,000 |
| 850.75 | 1 | $75,000 | $75,000 |
| 859.75 | 1 | $15,000 | $15,000 |
| 936.75 | 1 | $85,000 | $85,000 |
| 965.75 | 112 | $3,920,000 | $35,000 |
| 991.75 | 1 | $85,000 | $85,000 |
| 993.75 | 1 | $85,000 | $85,000 |