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% | 4/21/24 |
| 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
521Origination Dollar Volume (All Markets)
$13,805,000Top 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 | 521 | $13,805,000 | $26,497 | $0 | 11.60% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 521 | $13,805,000 | $26,497 | $0 | 11.60% |
For 2019, Performance Equity Partners's most frequently originated type of loan was Conventional, with 521 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 521 | $13,805,000 | $26,497 | $0 | 11.60% |
For 2019, Performance Equity Partners's most frequently cited loan purpose was Home Purchase, with 521 originations.
Loan Duration/Length
For 2019, Performance Equity Partners's most frequently cited loan duration was 15 Year, with 205 originations. The 2nd most popular length was 10 Year, with 168 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 521 | $13,805,000 | $26,497 |
During 2019, 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 521 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 520 | $13,580,000 | $26,115 | $0 | 11.60% |
| $200k-400k | 1 | $225,000 | $225,000 | $0 | 12.20% |
2019 saw Performance Equity Partners place emphasis on $100,000 or less loans with 520 originations, totaling $13,580,000 in origination value.
Applicant Income
Performance Equity Partners lent most frequently to those with incomes in the $50k or less range, with 330 originations. The second most popular income band? $50k-75k, with 158 originations.
Applicant Debt to Income Ratio
Performance Equity Partners lent most frequently to those with DTI ratios of 30-36%, with 162 originations. The next most common DTI ratio? 20-30%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.74%
Performance Equity Partners has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination42.03%
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 |
|---|---|---|---|
| 130.0 | 1 | $35,000 | $35,000 |
| 16105.0 | 1 | $15,000 | $15,000 |
| 25.0 | 1 | $5,000 | $5,000 |
| 285.0 | 3 | $65,000 | $21,667 |
| 30.0 | 2 | $90,000 | $45,000 |
| 300.0 | 1 | $25,000 | $25,000 |
| 310.0 | 1 | $25,000 | $25,000 |
| 314.0 | 1 | $25,000 | $25,000 |
| 325.0 | 1 | $25,000 | $25,000 |
| 325.5 | 1 | $5,000 | $5,000 |
| 329.0 | 1 | $25,000 | $25,000 |
| 329.5 | 1 | $25,000 | $25,000 |
| 335.0 | 1 | $25,000 | $25,000 |
| 335.5 | 1 | $15,000 | $15,000 |
| 337.5 | 2 | $20,000 | $10,000 |
| 341.5 | 1 | $15,000 | $15,000 |
| 343.5 | 1 | $15,000 | $15,000 |
| 345.0 | 1 | $25,000 | $25,000 |
| 345.5 | 2 | $30,000 | $15,000 |
| 349.5 | 2 | $30,000 | $15,000 |
| 35.0 | 2 | $30,000 | $15,000 |
| 353.1 | 1 | $15,000 | $15,000 |
| 353.5 | 1 | $15,000 | $15,000 |
| 354.0 | 3 | $105,000 | $35,000 |
| 355.9 | 1 | $15,000 | $15,000 |
| 359.9 | 1 | $15,000 | $15,000 |
| 367.5 | 1 | $15,000 | $15,000 |
| 370.0 | 7 | $245,000 | $35,000 |
| 373.1 | 1 | $25,000 | $25,000 |
| 373.5 | 1 | $25,000 | $25,000 |
| 377.5 | 1 | $25,000 | $25,000 |
| 382.0 | 1 | $35,000 | $35,000 |
| 386.0 | 1 | $35,000 | $35,000 |
| 38.75 | 4 | $130,000 | $32,500 |
| 40.0 | 1 | $15,000 | $15,000 |
| 403.5 | 1 | $25,000 | $25,000 |
| 409.5 | 1 | $25,000 | $25,000 |
| 412.5 | 1 | $25,000 | $25,000 |
| 42.0 | 3 | $115,000 | $38,333 |
| 426.1 | 1 | $25,000 | $25,000 |
| 431.7 | 1 | $25,000 | $25,000 |
| 435.0 | 1 | $35,000 | $35,000 |
| 44.0 | 5 | $185,000 | $37,000 |
| 460.0 | 1 | $45,000 | $45,000 |
| 50.0 | 26 | $680,000 | $26,154 |
| 515.0 | 1 | $45,000 | $45,000 |
| 517.0 | 1 | $5,000 | $5,000 |
| 520.0 | 1 | $15,000 | $15,000 |
| 521.0 | 14 | $520,000 | $37,143 |
| 526.5 | 29 | $515,000 | $17,759 |
| 530.0 | 85 | $2,165,000 | $25,471 |
| 532.0 | 3 | $85,000 | $28,333 |
| 536.0 | 2 | $50,000 | $25,000 |
| 537.55 | 4 | $80,000 | $20,000 |
| 538.0 | 1 | $15,000 | $15,000 |
| 540.0 | 1 | $35,000 | $35,000 |
| 540.2 | 1 | $55,000 | $55,000 |
| 541.0 | 1 | $45,000 | $45,000 |
| 542.0 | 53 | $1,445,000 | $27,264 |
| 546.0 | 1 | $45,000 | $45,000 |
| 548.0 | 4 | $100,000 | $25,000 |
| 552.55 | 1 | $25,000 | $25,000 |
| 560.2 | 6 | $180,000 | $30,000 |
| 565.0 | 1 | $35,000 | $35,000 |
| 578.0 | 1 | $5,000 | $5,000 |
| 605.0 | 117 | $3,425,000 | $29,274 |
| 610.0 | 25 | $505,000 | $20,200 |
| 665.0 | 33 | $885,000 | $26,818 |
| 675.0 | 8 | $190,000 | $23,750 |
| 70.0 | 32 | $830,000 | $25,938 |
| NA | 1 | $35,000 | $35,000 |