Park Lane Finance Solutions Mortgage Rates, Fees & Info
CHARLOTTESVILLE, VALEI: 549300IX6RAX31C1BI75
Tax ID: 27-3489257
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Mortgage Data
Review & Overview
Park Lane Finance Solutions is a smaller mortgage company specializing in Home Purchase loans. Park Lane Finance Solutions has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Virginia Beach, Orlando, Greensboro, and Deltona among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)Park Lane Finance Solutions 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. They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 10.97% | 4/21/24 |
| 15 Year Conventional Purchase | 11.63% | 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. | ||
Park Lane Finance Solutions Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Park Lane Finance Solutions. 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
220Origination Dollar Volume (All Markets)
$14,140,000Relative Rate
Park Lane Finance Solutions's average 30 year fixed mortgage rate was
11.15%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 4.67%.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $1,375,000 | $91,667 | $0 | 11.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 24 | $1,360,000 | $56,667 | $0 | 11.61% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 14 | $1,160,000 | $82,857 | $0 | 11.41% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 15 | $935,000 | $62,333 | $0 | 11.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $785,000 | $87,222 | $0 | 11.42% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 12 | $760,000 | $63,333 | $0 | 11.84% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $690,000 | $69,000 | $0 | 11.73% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $0 | 11.14% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 10 | $540,000 | $54,000 | $0 | 12.29% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $510,000 | $85,000 | $0 | 11.34% |
| Outside of Metro Areas | 9 | $505,000 | $56,111 | $0 | 11.32% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $475,000 | $67,857 | $0 | 11.47% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 11.59% |
| LOUISVILLE, KY (FHA|USDA|VA) | 10 | $360,000 | $36,000 | $0 | 12.04% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 8 | $350,000 | $43,750 | $0 | 12.05% |
| Morehead City, NC (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $0 | 11.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 11.49% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 11.09% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 11.57% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 11.52% |
| Huntington, IN (FHA|USDA|VA) | 6 | $190,000 | $31,667 | $0 | 12.03% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 11.37% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 11.49% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 11.07% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 11.62% |
| Lumberton, NC (FHA|USDA|VA) | 5 | $125,000 | $25,000 | $0 | 12.19% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 11.12% |
| Richmond-Berea, KY (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 11.82% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.49% |
| Marion, IN (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 11.99% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.79% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.49% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.97% |
| Washington, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.06% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.49% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.99% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.99% |
| Murray, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.99% |
| AKRON, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.99% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 11.24% |
| Washington, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 11.99% |
| Auburn, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 12.24% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 11.16% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 13.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 220 | $14,140,000 | $64,273 | $0 | 11.66% |
For 2023, Park Lane Finance Solutions's most frequently originated type of loan was Conventional, with 220 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 220 | $14,140,000 | $64,273 | $0 | 11.66% |
For 2023, Park Lane Finance Solutions's most frequently cited loan purpose was Home Purchase, with 220 originations.
Loan Duration/Length
For 2023, Park Lane Finance Solutions's most frequently cited loan duration was Other, with 75 originations. The 2nd most popular length was 15 Year, with 72 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 220 | $14,140,000 | $64,273 |
During 2023, Park Lane Finance Solutions's average interest rate for loans was 11.15%, while their most frequently originated rate bucket for loans was Over 8%, with 220 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 193 | $10,835,000 | $56,140 | $0 | 11.69% |
| $100k-200k | 27 | $3,305,000 | $122,407 | $0 | 11.42% |
2023 saw Park Lane Finance Solutions place emphasis on $100,000 or less loans with 193 originations, totaling $10,835,000 in origination value.
Applicant Income
Park Lane Finance Solutions lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $50k or less, with 61 originations.
Applicant Debt to Income Ratio
Park Lane Finance Solutions lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.38%
Park Lane Finance Solutions has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-215.91%
Park Lane Finance Solutions 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 |
|---|---|---|---|
| 1015.49 | 1 | $35,000 | $35,000 |
| 1019.0 | 10 | $150,000 | $15,000 |
| 1054.5 | 1 | $35,000 | $35,000 |
| 1055.4 | 1 | $35,000 | $35,000 |
| 1059.44 | 1 | $35,000 | $35,000 |
| 1100.0 | 1 | $35,000 | $35,000 |
| 1104.27 | 1 | $35,000 | $35,000 |
| 1120.84 | 1 | $35,000 | $35,000 |
| 1127.33 | 1 | $35,000 | $35,000 |
| 1138.04 | 1 | $35,000 | $35,000 |
| 1178.77 | 1 | $35,000 | $35,000 |
| 1197.44 | 1 | $35,000 | $35,000 |
| 1212.3 | 1 | $35,000 | $35,000 |
| 1248.85 | 1 | $45,000 | $45,000 |
| 1253.45 | 1 | $45,000 | $45,000 |
| 1270.35 | 1 | $45,000 | $45,000 |
| 1272.66 | 1 | $45,000 | $45,000 |
| 1275.85 | 1 | $45,000 | $45,000 |
| 1279.61 | 1 | $45,000 | $45,000 |
| 1284.9 | 1 | $45,000 | $45,000 |
| 1289.25 | 1 | $45,000 | $45,000 |
| 1290.58 | 1 | $45,000 | $45,000 |
| 1318.07 | 1 | $45,000 | $45,000 |
| 1333.13 | 1 | $45,000 | $45,000 |
| 1350.9 | 1 | $45,000 | $45,000 |
| 1352.47 | 1 | $45,000 | $45,000 |
| 1361.77 | 1 | $45,000 | $45,000 |
| 1367.7 | 1 | $45,000 | $45,000 |
| 1368.68 | 1 | $45,000 | $45,000 |
| 1389.02 | 1 | $45,000 | $45,000 |
| 1414.74 | 1 | $45,000 | $45,000 |
| 1436.01 | 1 | $45,000 | $45,000 |
| 1436.21 | 1 | $45,000 | $45,000 |
| 1455.65 | 1 | $45,000 | $45,000 |
| 1461.73 | 1 | $45,000 | $45,000 |
| 1463.3 | 1 | $45,000 | $45,000 |
| 1481.33 | 1 | $45,000 | $45,000 |
| 1487.68 | 1 | $75,000 | $75,000 |
| 1564.3 | 1 | $55,000 | $55,000 |
| 1568.24 | 1 | $55,000 | $55,000 |
| 1584.22 | 1 | $55,000 | $55,000 |
| 1587.63 | 1 | $55,000 | $55,000 |
| 1605.52 | 1 | $55,000 | $55,000 |
| 1615.12 | 1 | $55,000 | $55,000 |
| 1616.34 | 1 | $55,000 | $55,000 |
| 1617.59 | 1 | $75,000 | $75,000 |
| 1618.42 | 1 | $55,000 | $55,000 |
| 1628.2 | 1 | $55,000 | $55,000 |
| 1629.2 | 1 | $55,000 | $55,000 |
| 1638.08 | 1 | $55,000 | $55,000 |
| 1651.09 | 1 | $55,000 | $55,000 |
| 1660.22 | 1 | $55,000 | $55,000 |
| 1693.54 | 1 | $55,000 | $55,000 |
| 1697.92 | 1 | $55,000 | $55,000 |
| 1700.8 | 1 | $55,000 | $55,000 |
| 1717.71 | 1 | $55,000 | $55,000 |
| 1734.96 | 1 | $55,000 | $55,000 |
| 1742.01 | 1 | $55,000 | $55,000 |
| 1760.9 | 1 | $55,000 | $55,000 |
| 1763.97 | 1 | $55,000 | $55,000 |
| 1768.05 | 1 | $55,000 | $55,000 |
| 1771.06 | 1 | $55,000 | $55,000 |
| 1781.02 | 1 | $55,000 | $55,000 |
| 1786.95 | 1 | $55,000 | $55,000 |
| 1788.56 | 1 | $55,000 | $55,000 |
| 1798.17 | 1 | $55,000 | $55,000 |
| 1804.13 | 1 | $85,000 | $85,000 |
| 1806.33 | 1 | $55,000 | $55,000 |
| 1806.68 | 1 | $85,000 | $85,000 |
| 1819.92 | 1 | $85,000 | $85,000 |
| 1828.16 | 1 | $65,000 | $65,000 |
| 1834.63 | 1 | $95,000 | $95,000 |
| 1834.83 | 1 | $65,000 | $65,000 |
| 1840.78 | 1 | $65,000 | $65,000 |
| 1870.01 | 1 | $65,000 | $65,000 |
| 1872.01 | 1 | $65,000 | $65,000 |
| 1883.08 | 1 | $65,000 | $65,000 |
| 1886.78 | 1 | $65,000 | $65,000 |
| 1889.38 | 1 | $95,000 | $95,000 |
| 1891.46 | 1 | $65,000 | $65,000 |
| 1912.82 | 1 | $65,000 | $65,000 |
| 1916.97 | 1 | $95,000 | $95,000 |
| 1921.79 | 1 | $65,000 | $65,000 |
| 1929.45 | 1 | $95,000 | $95,000 |
| 1933.09 | 1 | $95,000 | $95,000 |
| 1934.43 | 1 | $65,000 | $65,000 |
| 1939.06 | 1 | $65,000 | $65,000 |
| 1940.94 | 1 | $95,000 | $95,000 |
| 1943.07 | 1 | $65,000 | $65,000 |
| 1944.99 | 1 | $65,000 | $65,000 |
| 1952.08 | 1 | $65,000 | $65,000 |
| 1952.77 | 1 | $65,000 | $65,000 |
| 1959.75 | 1 | $65,000 | $65,000 |
| 1961.69 | 1 | $95,000 | $95,000 |
| 1969.44 | 1 | $95,000 | $95,000 |
| 1976.71 | 1 | $65,000 | $65,000 |
| 1977.82 | 1 | $95,000 | $95,000 |
| 1978.01 | 1 | $95,000 | $95,000 |
| 1979.94 | 1 | $95,000 | $95,000 |
| 1980.3 | 1 | $65,000 | $65,000 |
| 1989.63 | 1 | $65,000 | $65,000 |
| 1994.02 | 1 | $95,000 | $95,000 |
| 1994.11 | 1 | $95,000 | $95,000 |
| 1999.25 | 1 | $65,000 | $65,000 |
| 2011.92 | 1 | $65,000 | $65,000 |
| 2014.29 | 1 | $65,000 | $65,000 |
| 2019.85 | 1 | $95,000 | $95,000 |
| 2028.74 | 1 | $65,000 | $65,000 |
| 2035.62 | 1 | $65,000 | $65,000 |
| 2051.25 | 1 | $65,000 | $65,000 |
| 2057.63 | 1 | $65,000 | $65,000 |
| 2059.6 | 1 | $65,000 | $65,000 |
| 2096.82 | 1 | $65,000 | $65,000 |
| 2097.57 | 1 | $105,000 | $105,000 |
| 2103.76 | 1 | $105,000 | $105,000 |
| 2105.41 | 1 | $65,000 | $65,000 |
| 2105.75 | 1 | $65,000 | $65,000 |
| 2113.69 | 1 | $65,000 | $65,000 |
| 2124.49 | 1 | $75,000 | $75,000 |
| 2139.95 | 1 | $75,000 | $75,000 |
| 2148.84 | 1 | $75,000 | $75,000 |
| 2168.82 | 1 | $75,000 | $75,000 |
| 2172.01 | 1 | $75,000 | $75,000 |
| 2173.85 | 1 | $75,000 | $75,000 |
| 2194.66 | 1 | $75,000 | $75,000 |
| 2196.56 | 1 | $75,000 | $75,000 |
| 2205.94 | 1 | $105,000 | $105,000 |
| 2231.14 | 1 | $115,000 | $115,000 |
| 2231.35 | 1 | $75,000 | $75,000 |
| 2232.18 | 1 | $75,000 | $75,000 |
| 2232.24 | 1 | $75,000 | $75,000 |
| 2238.69 | 1 | $115,000 | $115,000 |
| 2239.2 | 1 | $115,000 | $115,000 |
| 2244.23 | 1 | $75,000 | $75,000 |
| 2244.64 | 1 | $75,000 | $75,000 |
| 2245.98 | 1 | $115,000 | $115,000 |
| 2259.54 | 1 | $75,000 | $75,000 |
| 2273.98 | 1 | $75,000 | $75,000 |
| 2279.38 | 1 | $115,000 | $115,000 |
| 2288.44 | 1 | $115,000 | $115,000 |
| 2298.73 | 1 | $75,000 | $75,000 |
| 2301.96 | 1 | $75,000 | $75,000 |
| 2329.93 | 1 | $75,000 | $75,000 |
| 2340.82 | 1 | $75,000 | $75,000 |
| 2392.84 | 1 | $115,000 | $115,000 |
| 2408.52 | 1 | $75,000 | $75,000 |
| 2416.07 | 1 | $75,000 | $75,000 |
| 2416.87 | 1 | $75,000 | $75,000 |
| 2418.83 | 1 | $75,000 | $75,000 |
| 2437.12 | 1 | $85,000 | $85,000 |
| 2438.23 | 1 | $125,000 | $125,000 |
| 2445.86 | 1 | $65,000 | $65,000 |
| 2465.58 | 1 | $85,000 | $85,000 |
| 2473.55 | 1 | $85,000 | $85,000 |
| 2476.1 | 1 | $85,000 | $85,000 |
| 2490.19 | 1 | $65,000 | $65,000 |
| 2517.43 | 1 | $85,000 | $85,000 |
| 2529.61 | 1 | $65,000 | $65,000 |
| 2556.97 | 1 | $85,000 | $85,000 |
| 2567.0 | 1 | $85,000 | $85,000 |
| 2569.33 | 1 | $85,000 | $85,000 |
| 2580.67 | 1 | $85,000 | $85,000 |
| 2600.72 | 1 | $85,000 | $85,000 |
| 2603.2 | 1 | $85,000 | $85,000 |
| 2628.88 | 1 | $135,000 | $135,000 |
| 2636.51 | 1 | $85,000 | $85,000 |
| 2637.33 | 1 | $85,000 | $85,000 |
| 2663.36 | 1 | $85,000 | $85,000 |
| 2666.1 | 1 | $85,000 | $85,000 |
| 2760.08 | 1 | $135,000 | $135,000 |
| 2795.59 | 1 | $135,000 | $135,000 |
| 2801.1 | 1 | $135,000 | $135,000 |
| 2922.33 | 1 | $145,000 | $145,000 |
| 2956.94 | 1 | $145,000 | $145,000 |
| 3000.0 | 1 | $145,000 | $145,000 |
| 3138.91 | 1 | $105,000 | $105,000 |
| 3141.08 | 1 | $155,000 | $155,000 |
| 3198.74 | 1 | $105,000 | $105,000 |
| 3290.52 | 1 | $105,000 | $105,000 |
| 3332.37 | 1 | $115,000 | $115,000 |
| 3498.42 | 1 | $115,000 | $115,000 |
| 3612.92 | 1 | $115,000 | $115,000 |
| 3916.48 | 1 | $125,000 | $125,000 |
| 4348.58 | 1 | $145,000 | $145,000 |
| 615.0 | 1 | $45,000 | $45,000 |
| 615.67 | 1 | $15,000 | $15,000 |
| 632.16 | 1 | $25,000 | $25,000 |
| 640.07 | 1 | $25,000 | $25,000 |
| 672.26 | 1 | $25,000 | $25,000 |
| 689.5 | 1 | $25,000 | $25,000 |
| 731.99 | 1 | $25,000 | $25,000 |
| 735.28 | 1 | $25,000 | $25,000 |
| 786.78 | 1 | $25,000 | $25,000 |
| 820.0 | 1 | $15,000 | $15,000 |
| 824.33 | 1 | $25,000 | $25,000 |
| 831.97 | 1 | $25,000 | $25,000 |
| 841.62 | 1 | $25,000 | $25,000 |
| 856.15 | 1 | $25,000 | $25,000 |
| 866.1 | 1 | $25,000 | $25,000 |
| 867.03 | 1 | $25,000 | $25,000 |
| 870.0 | 1 | $15,000 | $15,000 |
| 870.73 | 1 | $25,000 | $25,000 |
| 874.03 | 1 | $25,000 | $25,000 |
| 878.87 | 1 | $25,000 | $25,000 |
| 881.19 | 1 | $25,000 | $25,000 |
| 910.0 | 1 | $15,000 | $15,000 |
| 919.26 | 1 | $25,000 | $25,000 |
| 924.52 | 1 | $35,000 | $35,000 |
| 969.0 | 1 | $15,000 | $15,000 |
| 970.0 | 2 | $30,000 | $15,000 |