Performance Equity Partners Mortgage Rates, Fees & Info

TINLEY PARK, IL

LEI: 549300CN50N3250U7V79

Tax ID: 20-8552989

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 12.86% 11/17/24
    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

    320

    Origination Dollar Volume (All Markets)

    $9,700,000

    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 320 $9,700,000 $30,313 $0 10.98%
    Performance Equity Partners's top markets include

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 320 $9,700,000 $30,313 $0 10.98%

    For 2021, Performance Equity Partners's most frequently originated type of loan was Conventional, with 320 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 320 $9,700,000 $30,313 $0 10.98%

    For 2021, Performance Equity Partners's most frequently cited loan purpose was Home Purchase, with 320 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 209 $7,095,000 $33,947 $0 10.93%
    10 Year 106 $2,430,000 $22,925 $0 11.12%
    15 Year 5 $175,000 $35,000 $0 10.55%

    For 2021, Performance Equity Partners's most frequently cited loan duration was Other, with 209 originations. The 2nd most popular length was 10 Year, with 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 320 $9,700,000 $30,313

    During 2021, 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 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 320 $9,700,000 $30,313 $0 10.98%

    2021 saw Performance Equity Partners place emphasis on $100,000 or less loans with 320 originations, totaling $9,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 202 $5,690,000 $28,168 $0 10.92%
    $50k-75k 97 $3,155,000 $32,526 $0 11.14%
    $75k-100k 17 $635,000 $37,353 $0 11.01%
    $100k-150k 4 $220,000 $55,000 $0 10.28%

    Performance Equity Partners lent most frequently to those with incomes in the $50k or less range, with 202 originations. The second most popular income band? $50k-75k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 101 $3,025,000 $29,950 $0 10.96%
    20-30% 76 $2,280,000 $30,000 $0 10.97%
    41% 24 $690,000 $28,750 $0 11.04%
    37% 19 $535,000 $28,158 $0 10.94%
    39% 19 $645,000 $33,947 $0 10.77%
    38% 18 $620,000 $34,444 $0 10.89%
    40% 18 $570,000 $31,667 $0 11.13%
    36% 18 $570,000 $31,667 $0 11.09%
    <20% 15 $395,000 $26,333 $0 11.05%
    42% 9 $265,000 $29,444 $0 11.28%
    43% 3 $105,000 $35,000 $0 10.88%

    Performance Equity Partners lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 242 $7,230,000 $29,876 $0 10.98%
    Not provided 36 $1,200,000 $33,333 $0 10.85%
    Black 21 $665,000 $31,667 $0 11.15%
    American Indian 14 $380,000 $27,143 $0 11.27%
    Other Asian 3 $75,000 $25,000 $0 10.83%
    Native Hawaiian 1 $55,000 $55,000 $0 9.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 11.80%
    Korean 1 $35,000 $35,000 $0 11.30%
    Guamanian 1 $15,000 $15,000 $0 10.60%

    Approval Rates

    Total approvals of all applications
    50.65%

    Performance Equity Partners has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    -30.63%

    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
    0.0 1 $35,000 $35,000
    15.0 65 $1,885,000 $29,000
    212.0 1 $15,000 $15,000
    256.0 1 $25,000 $25,000
    265.0 5 $95,000 $19,000
    515.0 1 $25,000 $25,000
    519.0 1 $15,000 $15,000
    615.0 245 $7,605,000 $31,041

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    320 $9,700,000 $30,313

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 4 $20,000 $5,000 $0 9.35%
    Over 100% 316 $9,680,000 $30,633 $0 11.00%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PREFERRED MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%