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: Cincinnati, Louisville, Atlanta, Virginia Beach, and Indianapolis among others. We have data for 47 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.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 12.14% | 4/17/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
182Origination Dollar Volume (All Markets)
$10,530,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 36 | $1,860,000 | $51,667 | $0 | 12.20% |
| LOUISVILLE, KY (FHA|USDA|VA) | 21 | $975,000 | $46,429 | $0 | 12.29% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $825,000 | $75,000 | $0 | 11.51% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 8 | $550,000 | $68,750 | $0 | 11.57% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $435,000 | $62,143 | $0 | 11.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 11.57% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $0 | 11.24% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $400,000 | $50,000 | $0 | 12.08% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 11.32% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 11.68% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 11.74% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 10.57% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 11.07% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 11.37% |
| Mount Vernon, OH (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $0 | 11.93% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $185,000 | $37,000 | $0 | 12.29% |
| Scottsburg, IN (FHA|USDA|VA) | 6 | $180,000 | $30,000 | $0 | 12.45% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 11.24% |
| Outside of Metro Areas | 3 | $155,000 | $51,667 | $0 | 11.82% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 11.12% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 12.49% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 10.99% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 10.24% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 11.99% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 11.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 12.24% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.49% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 12.49% |
| Huntington, IN (FHA|USDA|VA) | 4 | $110,000 | $27,500 | $0 | 12.02% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.49% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.49% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 11.33% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.49% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.24% |
| Marion, IN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 10.87% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.24% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.49% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.49% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.49% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.99% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.99% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.74% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 12.49% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 12.49% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.24% |
| Washington, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 12.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $10,530,000 | $57,857 | $0 | 11.84% |
For 2024, Park Lane Finance Solutions's most frequently originated type of loan was Conventional, with 182 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 182 | $10,530,000 | $57,857 | $0 | 11.84% |
For 2024, Park Lane Finance Solutions's most frequently cited loan purpose was Home Purchase, with 182 originations.
Loan Duration/Length
For 2024, Park Lane Finance Solutions's most frequently cited loan duration was 15 Year, with 80 originations. The 2nd most popular length was Other, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 182 | $10,530,000 | $57,857 |
During 2024, Park Lane Finance Solutions's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 182 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 171 | $9,225,000 | $53,947 | $0 | 11.86% |
| $100k-200k | 11 | $1,305,000 | $118,636 | $0 | 11.44% |
2024 saw Park Lane Finance Solutions place emphasis on $100,000 or less loans with 171 originations, totaling $9,225,000 in origination value.
Applicant Income
Park Lane Finance Solutions lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $50k or less, with 44 originations.
Applicant Debt to Income Ratio
Park Lane Finance Solutions lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications56.99%
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-182.42%
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 |
|---|---|---|---|
| 1003.68 | 1 | $35,000 | $35,000 |
| 1019.0 | 6 | $90,000 | $15,000 |
| 1025.1 | 1 | $35,000 | $35,000 |
| 1026.82 | 1 | $65,000 | $65,000 |
| 1029.0 | 1 | $15,000 | $15,000 |
| 1034.69 | 1 | $35,000 | $35,000 |
| 1037.0 | 1 | $15,000 | $15,000 |
| 1040.46 | 1 | $35,000 | $35,000 |
| 1041.96 | 1 | $35,000 | $35,000 |
| 1047.86 | 1 | $35,000 | $35,000 |
| 1051.02 | 1 | $65,000 | $65,000 |
| 1055.17 | 1 | $35,000 | $35,000 |
| 1061.92 | 1 | $35,000 | $35,000 |
| 1087.18 | 1 | $35,000 | $35,000 |
| 1094.73 | 1 | $35,000 | $35,000 |
| 1098.15 | 1 | $35,000 | $35,000 |
| 1112.03 | 1 | $35,000 | $35,000 |
| 1114.36 | 1 | $35,000 | $35,000 |
| 1116.77 | 1 | $35,000 | $35,000 |
| 1134.5 | 1 | $35,000 | $35,000 |
| 1147.39 | 1 | $35,000 | $35,000 |
| 1171.83 | 1 | $35,000 | $35,000 |
| 1178.75 | 1 | $35,000 | $35,000 |
| 1182.13 | 1 | $35,000 | $35,000 |
| 1184.37 | 1 | $35,000 | $35,000 |
| 1185.3 | 1 | $35,000 | $35,000 |
| 1190.62 | 1 | $35,000 | $35,000 |
| 1224.47 | 1 | $65,000 | $65,000 |
| 1225.02 | 1 | $65,000 | $65,000 |
| 1261.19 | 1 | $65,000 | $65,000 |
| 1266.87 | 1 | $45,000 | $45,000 |
| 1289.75 | 1 | $65,000 | $65,000 |
| 1306.83 | 1 | $45,000 | $45,000 |
| 1309.96 | 1 | $85,000 | $85,000 |
| 1315.4 | 1 | $45,000 | $45,000 |
| 1320.36 | 1 | $45,000 | $45,000 |
| 1322.18 | 1 | $45,000 | $45,000 |
| 1327.46 | 1 | $45,000 | $45,000 |
| 1336.46 | 1 | $45,000 | $45,000 |
| 1337.68 | 1 | $45,000 | $45,000 |
| 1342.84 | 1 | $45,000 | $45,000 |
| 1367.14 | 1 | $45,000 | $45,000 |
| 1435.14 | 1 | $75,000 | $75,000 |
| 1467.13 | 1 | $45,000 | $45,000 |
| 1471.28 | 1 | $45,000 | $45,000 |
| 1471.52 | 1 | $45,000 | $45,000 |
| 1478.91 | 1 | $45,000 | $45,000 |
| 1482.57 | 1 | $55,000 | $55,000 |
| 1538.92 | 1 | $55,000 | $55,000 |
| 1576.7 | 1 | $55,000 | $55,000 |
| 1587.83 | 1 | $55,000 | $55,000 |
| 1597.92 | 1 | $65,000 | $65,000 |
| 1609.46 | 1 | $55,000 | $55,000 |
| 1630.4 | 1 | $55,000 | $55,000 |
| 1670.59 | 1 | $55,000 | $55,000 |
| 1673.01 | 1 | $55,000 | $55,000 |
| 1689.55 | 1 | $55,000 | $55,000 |
| 1699.02 | 1 | $55,000 | $55,000 |
| 1704.89 | 1 | $55,000 | $55,000 |
| 1713.36 | 1 | $55,000 | $55,000 |
| 1777.81 | 1 | $55,000 | $55,000 |
| 1783.14 | 1 | $85,000 | $85,000 |
| 1788.03 | 1 | $55,000 | $55,000 |
| 1792.85 | 1 | $85,000 | $85,000 |
| 1794.04 | 1 | $85,000 | $85,000 |
| 1798.78 | 1 | $55,000 | $55,000 |
| 1805.81 | 1 | $55,000 | $55,000 |
| 1806.07 | 1 | $55,000 | $55,000 |
| 1807.89 | 1 | $55,000 | $55,000 |
| 1811.2 | 1 | $45,000 | $45,000 |
| 1824.45 | 1 | $65,000 | $65,000 |
| 1842.06 | 1 | $95,000 | $95,000 |
| 1848.45 | 1 | $95,000 | $95,000 |
| 1853.22 | 1 | $95,000 | $95,000 |
| 1868.31 | 1 | $65,000 | $65,000 |
| 1874.08 | 1 | $95,000 | $95,000 |
| 1884.7 | 1 | $65,000 | $65,000 |
| 1886.83 | 1 | $65,000 | $65,000 |
| 1889.61 | 1 | $65,000 | $65,000 |
| 1890.96 | 1 | $65,000 | $65,000 |
| 1896.37 | 1 | $65,000 | $65,000 |
| 1900.39 | 1 | $95,000 | $95,000 |
| 1915.7 | 1 | $65,000 | $65,000 |
| 1924.0 | 1 | $65,000 | $65,000 |
| 1926.56 | 1 | $65,000 | $65,000 |
| 1928.6 | 1 | $65,000 | $65,000 |
| 1929.15 | 1 | $95,000 | $95,000 |
| 1932.84 | 1 | $65,000 | $65,000 |
| 1945.12 | 1 | $65,000 | $65,000 |
| 1955.13 | 1 | $65,000 | $65,000 |
| 1967.44 | 1 | $65,000 | $65,000 |
| 1974.72 | 1 | $65,000 | $65,000 |
| 1982.37 | 1 | $65,000 | $65,000 |
| 1982.93 | 1 | $75,000 | $75,000 |
| 1985.56 | 1 | $65,000 | $65,000 |
| 1986.91 | 1 | $65,000 | $65,000 |
| 1989.52 | 1 | $65,000 | $65,000 |
| 2030.96 | 1 | $75,000 | $75,000 |
| 2039.08 | 1 | $65,000 | $65,000 |
| 2044.34 | 1 | $105,000 | $105,000 |
| 2050.33 | 1 | $65,000 | $65,000 |
| 2054.42 | 1 | $65,000 | $65,000 |
| 2062.44 | 1 | $65,000 | $65,000 |
| 2063.96 | 1 | $65,000 | $65,000 |
| 2068.32 | 1 | $65,000 | $65,000 |
| 2084.56 | 1 | $65,000 | $65,000 |
| 2152.33 | 1 | $75,000 | $75,000 |
| 2158.71 | 1 | $75,000 | $75,000 |
| 2165.44 | 1 | $75,000 | $75,000 |
| 2173.6 | 1 | $75,000 | $75,000 |
| 2175.01 | 1 | $105,000 | $105,000 |
| 2181.1 | 1 | $75,000 | $75,000 |
| 2182.23 | 1 | $105,000 | $105,000 |
| 2187.67 | 1 | $75,000 | $75,000 |
| 2187.96 | 1 | $75,000 | $75,000 |
| 2193.64 | 1 | $75,000 | $75,000 |
| 2197.95 | 1 | $75,000 | $75,000 |
| 2205.0 | 1 | $75,000 | $75,000 |
| 2241.85 | 1 | $75,000 | $75,000 |
| 2251.59 | 1 | $75,000 | $75,000 |
| 2258.98 | 1 | $115,000 | $115,000 |
| 2265.68 | 1 | $115,000 | $115,000 |
| 2275.74 | 1 | $75,000 | $75,000 |
| 2284.64 | 1 | $75,000 | $75,000 |
| 2315.28 | 1 | $75,000 | $75,000 |
| 2327.42 | 1 | $75,000 | $75,000 |
| 2331.63 | 1 | $75,000 | $75,000 |
| 2368.42 | 1 | $75,000 | $75,000 |
| 2382.83 | 1 | $75,000 | $75,000 |
| 2392.7 | 1 | $75,000 | $75,000 |
| 2401.96 | 1 | $115,000 | $115,000 |
| 2408.88 | 1 | $115,000 | $115,000 |
| 2490.76 | 1 | $85,000 | $85,000 |
| 2490.97 | 1 | $85,000 | $85,000 |
| 2500.28 | 1 | $85,000 | $85,000 |
| 2509.37 | 1 | $85,000 | $85,000 |
| 2511.76 | 1 | $85,000 | $85,000 |
| 2516.69 | 1 | $85,000 | $85,000 |
| 2522.69 | 1 | $85,000 | $85,000 |
| 2554.91 | 1 | $85,000 | $85,000 |
| 2563.52 | 1 | $85,000 | $85,000 |
| 2569.22 | 1 | $85,000 | $85,000 |
| 2719.89 | 1 | $85,000 | $85,000 |
| 2736.28 | 1 | $85,000 | $85,000 |
| 2802.77 | 1 | $135,000 | $135,000 |
| 2856.56 | 1 | $145,000 | $145,000 |
| 2976.44 | 1 | $145,000 | $145,000 |
| 3108.37 | 1 | $105,000 | $105,000 |
| 615.0 | 1 | $35,000 | $35,000 |
| 620.52 | 1 | $15,000 | $15,000 |
| 637.23 | 1 | $25,000 | $25,000 |
| 637.72 | 1 | $25,000 | $25,000 |
| 718.79 | 1 | $25,000 | $25,000 |
| 726.49 | 1 | $25,000 | $25,000 |
| 730.3 | 1 | $25,000 | $25,000 |
| 730.39 | 1 | $25,000 | $25,000 |
| 751.98 | 1 | $25,000 | $25,000 |
| 791.15 | 1 | $25,000 | $25,000 |
| 794.64 | 1 | $25,000 | $25,000 |
| 796.01 | 1 | $25,000 | $25,000 |
| 818.55 | 1 | $25,000 | $25,000 |
| 825.99 | 1 | $25,000 | $25,000 |
| 856.75 | 1 | $25,000 | $25,000 |
| 874.19 | 1 | $25,000 | $25,000 |
| 880.91 | 1 | $25,000 | $25,000 |
| 882.16 | 1 | $25,000 | $25,000 |
| 888.54 | 1 | $25,000 | $25,000 |
| 909.11 | 1 | $25,000 | $25,000 |
| 913.1 | 1 | $25,000 | $25,000 |
| 931.37 | 1 | $25,000 | $25,000 |
| 934.58 | 1 | $35,000 | $35,000 |
| 943.47 | 1 | $35,000 | $35,000 |
| 952.49 | 1 | $35,000 | $35,000 |
| 964.13 | 1 | $35,000 | $35,000 |
| 965.5 | 1 | $15,000 | $15,000 |
| 975.15 | 1 | $35,000 | $35,000 |
| NA | 1 | $65,000 | $65,000 |