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 | 14.04% | 4/5/25 |
| 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
301Origination Dollar Volume (All Markets)
$12,415,000Top 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 | 301 | $12,415,000 | $41,246 | $0 | 13.55% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 301 | $12,415,000 | $41,246 | $0 | 13.55% |
For 2024, Performance Equity Partners's most frequently originated type of loan was Conventional, with 301 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 301 | $12,415,000 | $41,246 | $0 | 13.55% |
For 2024, Performance Equity Partners's most frequently cited loan purpose was Home Purchase, with 301 originations.
Loan Duration/Length
For 2024, Performance Equity Partners's most frequently cited loan duration was Other, with 160 originations. The 2nd most popular length was 15 Year, with 57 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 301 | $12,415,000 | $41,246 |
During 2024, 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 301 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 301 | $12,415,000 | $41,246 | $0 | 13.55% |
2024 saw Performance Equity Partners place emphasis on $100,000 or less loans with 301 originations, totaling $12,415,000 in origination value.
Applicant Income
Performance Equity Partners lent most frequently to those with incomes in the $50k or less range, with 119 originations. The second most popular income band? $50k-75k, with 118 originations.
Applicant Debt to Income Ratio
Performance Equity Partners lent most frequently to those with DTI ratios of 30-36%, with 88 originations. The next most common DTI ratio? 20-30%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications43.86%
Performance Equity Partners has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-14.95%
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 | 123 | $5,105,000 | $41,504 |
| 113.75 | 62 | $2,730,000 | $44,032 |
| 363.75 | 10 | $190,000 | $19,000 |
| 371.75 | 1 | $25,000 | $25,000 |
| 373.75 | 1 | $25,000 | $25,000 |
| 376.75 | 1 | $25,000 | $25,000 |
| 398.75 | 1 | $25,000 | $25,000 |
| 442.75 | 1 | $35,000 | $35,000 |
| 508.75 | 2 | $160,000 | $80,000 |
| 533.75 | 2 | $90,000 | $45,000 |
| 540.75 | 1 | $45,000 | $45,000 |
| 573.75 | 1 | $45,000 | $45,000 |
| 586.75 | 1 | $45,000 | $45,000 |
| 589.75 | 1 | $65,000 | $65,000 |
| 695.75 | 1 | $55,000 | $55,000 |
| 697.75 | 1 | $55,000 | $55,000 |
| 700.75 | 1 | $55,000 | $55,000 |
| 703.75 | 1 | $55,000 | $55,000 |
| 747.75 | 1 | $65,000 | $65,000 |
| 828.75 | 1 | $75,000 | $75,000 |
| 829.75 | 1 | $75,000 | $75,000 |
| 832.75 | 1 | $75,000 | $75,000 |
| 962.75 | 1 | $55,000 | $55,000 |
| 965.75 | 84 | $3,240,000 | $38,571 |