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% | 9/1/24 |
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 |