Performance Equity Partners Mortgage Rates, Fees & Info
TINLEY PARK, ILLEI: 549300CN50N3250U7V79
Tax ID: 20-8552989
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 12.86% | 11/21/24 |
| 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
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
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 |