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% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
446Origination Dollar Volume (All Markets)
$17,310,000Top 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 | 446 | $17,310,000 | $38,812 | $0 | 11.60% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 446 | $17,310,000 | $38,812 | $0 | 11.60% |
For 2022, Performance Equity Partners's most frequently originated type of loan was Conventional, with 446 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 446 | $17,310,000 | $38,812 | $0 | 11.60% |
For 2022, Performance Equity Partners's most frequently cited loan purpose was Home Purchase, with 446 originations.
Loan Duration/Length
For 2022, Performance Equity Partners's most frequently cited loan duration was 10 Year, with 288 originations. The 2nd most popular length was Other, with 122 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 446 | $17,310,000 | $38,812 |
During 2022, 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 446 originations.
Loan Sizing
2022 saw Performance Equity Partners place emphasis on $100,000 or less loans with 442 originations, totaling $16,690,000 in origination value.
Applicant Income
Performance Equity Partners lent most frequently to those with incomes in the $50k or less range, with 216 originations. The second most popular income band? $50k-75k, with 175 originations.
Applicant Debt to Income Ratio
Performance Equity Partners lent most frequently to those with DTI ratios of 30-36%, with 117 originations. The next most common DTI ratio? 20-30%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications51.07%
Performance Equity Partners has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-13.23%
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 |
|---|---|---|---|
| 105.0 | 34 | $1,280,000 | $37,647 |
| 1063.0 | 21 | $955,000 | $45,476 |
| 1063.75 | 29 | $1,135,000 | $39,138 |
| 1073.75 | 1 | $25,000 | $25,000 |
| 113.0 | 35 | $1,605,000 | $45,857 |
| 113.75 | 21 | $935,000 | $44,524 |
| 15.0 | 2 | $30,000 | $15,000 |
| 299.75 | 1 | $15,000 | $15,000 |
| 300.48 | 1 | $15,000 | $15,000 |
| 324.34 | 1 | $25,000 | $25,000 |
| 355.0 | 3 | $45,000 | $15,000 |
| 363.0 | 2 | $30,000 | $15,000 |
| 363.75 | 3 | $65,000 | $21,667 |
| 365.27 | 1 | $25,000 | $25,000 |
| 370.55 | 1 | $25,000 | $25,000 |
| 376.51 | 1 | $25,000 | $25,000 |
| 401.14 | 1 | $25,000 | $25,000 |
| 415.06 | 1 | $35,000 | $35,000 |
| 416.75 | 1 | $35,000 | $35,000 |
| 419.23 | 1 | $35,000 | $35,000 |
| 423.75 | 1 | $35,000 | $35,000 |
| 441.79 | 1 | $35,000 | $35,000 |
| 454.24 | 1 | $35,000 | $35,000 |
| 473.32 | 1 | $35,000 | $35,000 |
| 479.0 | 1 | $35,000 | $35,000 |
| 479.75 | 1 | $35,000 | $35,000 |
| 515.14 | 1 | $45,000 | $45,000 |
| 532.75 | 1 | $45,000 | $45,000 |
| 558.75 | 1 | $45,000 | $45,000 |
| 586.75 | 1 | $45,000 | $45,000 |
| 602.99 | 1 | $55,000 | $55,000 |
| 615.0 | 10 | $310,000 | $31,000 |
| 655.0 | 1 | $55,000 | $55,000 |
| 695.55 | 1 | $55,000 | $55,000 |
| 705.0 | 9 | $205,000 | $22,778 |
| 753.93 | 1 | $65,000 | $65,000 |
| 760.0 | 1 | $5,000 | $5,000 |
| 765.0 | 80 | $3,170,000 | $39,625 |
| 855.0 | 72 | $2,430,000 | $33,750 |
| 863.0 | 65 | $2,805,000 | $43,154 |
| 873.75 | 1 | $75,000 | $75,000 |
| 876.75 | 1 | $75,000 | $75,000 |
| 964.0 | 1 | $45,000 | $45,000 |
| 965.0 | 9 | $355,000 | $39,444 |
| 965.75 | 22 | $850,000 | $38,636 |