Performance Equity Partners Mortgage Rates, Fees & Info

TINLEY PARK, IL

LEI: 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.

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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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
15 Year Conventional Purchase 12.86% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Performance Equity Partners. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

365

Origination Dollar Volume (All Markets)

$13,665,000

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
Outside of Metro Areas 365 $13,665,000 $37,438 $0 13.58%
Performance Equity Partners's top markets include

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 225 $9,605,000 $42,689 $0 13.56%
    Other 127 $3,565,000 $28,071 $0 13.64%
    15 Year 12 $460,000 $38,333 $0 13.23%
    1 Year 1 $35,000 $35,000 $0 14.85%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 157 $4,835,000 $30,796 $0 13.72%
    $50k-75k 141 $5,835,000 $41,383 $0 13.53%
    $75k-100k 50 $2,300,000 $46,000 $0 13.28%
    $100k-150k 17 $695,000 $40,882 $0 13.57%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 103 $3,875,000 $37,621 $0 13.64%
    20-30% 101 $3,435,000 $34,010 $0 13.71%
    40% 25 $1,135,000 $45,400 $0 13.62%
    <20% 24 $690,000 $28,750 $0 13.27%
    39% 24 $1,000,000 $41,667 $0 13.40%
    38% 23 $915,000 $39,783 $0 13.48%
    37% 21 $825,000 $39,286 $0 13.45%
    36% 15 $575,000 $38,333 $0 13.51%
    42% 15 $625,000 $41,667 $0 13.34%
    41% 11 $435,000 $39,545 $0 13.96%
    43% 3 $155,000 $51,667 $0 12.58%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 285 $10,755,000 $37,737 $0 13.58%
    Not provided 55 $1,805,000 $32,818 $0 13.78%
    Black 14 $760,000 $54,286 $0 12.81%
    American Indian 6 $210,000 $35,000 $0 13.15%
    Native Hawaiian or Islander 3 $85,000 $28,333 $0 14.22%
    Other Pacific Islander 1 $25,000 $25,000 $0 14.20%
    Asian 1 $25,000 $25,000 $0 13.60%

    Approval Rates

    Total approvals of all applications
    50.03%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    365 $13,665,000 $37,438