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: Washington, Myrtle Beach, Miami, Hickory, and Orlando among others. We have data for 33 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 |
|---|---|---|
| 30 Year Conventional Purchase | 10.97% | 11/17/24 |
| 15 Year Conventional Purchase | 11.63% | 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. | ||
Park Lane Finance Solutions Mortgage Calculator
Your Estimates
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This is not an official calculator from Park Lane Finance Solutions. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
179Origination Dollar Volume (All Markets)
$8,275,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $995,000 | $58,529 | $0 | 9.93% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 14 | $750,000 | $53,571 | $0 | 9.53% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $590,000 | $49,167 | $1,441 | 9.94% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 19 | $585,000 | $30,789 | $0 | 10.87% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 14 | $520,000 | $37,143 | $0 | 10.09% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $520,000 | $43,333 | $0 | 9.80% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $495,000 | $55,000 | $0 | 10.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 11 | $465,000 | $42,273 | $0 | 10.62% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $350,000 | $58,333 | $0 | 9.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $345,000 | $49,286 | $0 | 9.56% |
| STAUNTON, VA (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $0 | 9.90% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $0 | 9.72% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $245,000 | $49,000 | $0 | 9.20% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $0 | 10.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $210,000 | $35,000 | $0 | 10.08% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 9.93% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $165,000 | $33,000 | $1,218 | 10.56% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 9.68% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 9.92% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 9.45% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 10.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 10.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 10.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 11.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 10.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 10.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 179 | $8,275,000 | $46,229 | $1,329 | 10.06% |
For 2018, Park Lane Finance Solutions's most frequently originated type of loan was Conventional, with 179 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 178 | $8,260,000 | $46,404 | $1,329 | 10.06% |
| Cash Out Refi | 1 | $15,000 | $15,000 | $0 | 11.00% |
For 2018, Park Lane Finance Solutions's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
For 2018, Park Lane Finance Solutions's most frequently cited loan duration was 20 Year, with 66 originations. The 2nd most popular length was Other, with 47 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $70,000 | $35,000 |
Park Lane Finance Solutions's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 178 | $8,230,000 | $46,236 |
| 7-8% | 1 | $45,000 | $45,000 |
During 2018, 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 178 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 175 | $7,835,000 | $44,771 | $1,329 | 10.07% |
| $100k-200k | 4 | $440,000 | $110,000 | $0 | 9.63% |
2018 saw Park Lane Finance Solutions place emphasis on $100,000 or less loans with 175 originations, totaling $7,835,000 in origination value.
Applicant Income
Park Lane Finance Solutions lent most frequently to those with incomes in the $50k or less range, with 81 originations. The second most popular income band? $50k-75k, with 56 originations.
Applicant Debt to Income Ratio
Park Lane Finance Solutions lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications53.11%
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-51.96%
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 |
|---|---|---|---|
| 0.0 | 2 | $60,000 | $30,000 |
| 1002.62 | 1 | $55,000 | $55,000 |
| 1003.88 | 1 | $55,000 | $55,000 |
| 1023.16 | 1 | $35,000 | $35,000 |
| 1025.75 | 1 | $55,000 | $55,000 |
| 1026.11 | 1 | $55,000 | $55,000 |
| 1027.19 | 1 | $55,000 | $55,000 |
| 1027.56 | 1 | $35,000 | $35,000 |
| 1030.53 | 1 | $55,000 | $55,000 |
| 1052.67 | 1 | $55,000 | $55,000 |
| 1058.65 | 1 | $55,000 | $55,000 |
| 1059.69 | 1 | $55,000 | $55,000 |
| 1064.55 | 1 | $55,000 | $55,000 |
| 1066.46 | 1 | $105,000 | $105,000 |
| 1066.89 | 1 | $55,000 | $55,000 |
| 1067.74 | 1 | $55,000 | $55,000 |
| 1070.25 | 1 | $105,000 | $105,000 |
| 1082.84 | 1 | $55,000 | $55,000 |
| 1086.97 | 1 | $55,000 | $55,000 |
| 1092.45 | 1 | $35,000 | $35,000 |
| 1095.23 | 1 | $55,000 | $55,000 |
| 1097.75 | 1 | $35,000 | $35,000 |
| 1104.04 | 1 | $55,000 | $55,000 |
| 1105.24 | 1 | $35,000 | $35,000 |
| 1105.86 | 1 | $55,000 | $55,000 |
| 1111.23 | 1 | $35,000 | $35,000 |
| 1115.87 | 1 | $115,000 | $115,000 |
| 1120.98 | 1 | $55,000 | $55,000 |
| 1122.82 | 1 | $35,000 | $35,000 |
| 1130.09 | 1 | $35,000 | $35,000 |
| 1130.91 | 1 | $55,000 | $55,000 |
| 1132.6 | 1 | $35,000 | $35,000 |
| 1133.19 | 1 | $55,000 | $55,000 |
| 1133.49 | 1 | $115,000 | $115,000 |
| 1138.46 | 1 | $35,000 | $35,000 |
| 1138.53 | 1 | $35,000 | $35,000 |
| 1140.33 | 1 | $55,000 | $55,000 |
| 1146.42 | 1 | $35,000 | $35,000 |
| 1149.78 | 1 | $55,000 | $55,000 |
| 1150.01 | 1 | $55,000 | $55,000 |
| 1150.85 | 1 | $35,000 | $35,000 |
| 1154.02 | 1 | $35,000 | $35,000 |
| 1155.38 | 1 | $55,000 | $55,000 |
| 1160.86 | 1 | $55,000 | $55,000 |
| 1167.0 | 1 | $55,000 | $55,000 |
| 1172.92 | 1 | $55,000 | $55,000 |
| 1173.81 | 1 | $35,000 | $35,000 |
| 1175.62 | 1 | $55,000 | $55,000 |
| 1181.07 | 1 | $35,000 | $35,000 |
| 1181.89 | 1 | $55,000 | $55,000 |
| 1188.18 | 1 | $55,000 | $55,000 |
| 1190.71 | 1 | $55,000 | $55,000 |
| 1194.39 | 1 | $55,000 | $55,000 |
| 1197.91 | 1 | $35,000 | $35,000 |
| 1205.89 | 1 | $45,000 | $45,000 |
| 1209.54 | 1 | $65,000 | $65,000 |
| 1215.26 | 1 | $65,000 | $65,000 |
| 1224.2 | 1 | $45,000 | $45,000 |
| 1225.08 | 1 | $45,000 | $45,000 |
| 1225.9 | 1 | $45,000 | $45,000 |
| 1228.95 | 1 | $45,000 | $45,000 |
| 1230.91 | 1 | $65,000 | $65,000 |
| 1233.09 | 1 | $65,000 | $65,000 |
| 1234.58 | 1 | $65,000 | $65,000 |
| 1242.45 | 1 | $45,000 | $45,000 |
| 1243.33 | 1 | $45,000 | $45,000 |
| 1246.6 | 1 | $65,000 | $65,000 |
| 1249.62 | 1 | $65,000 | $65,000 |
| 1253.52 | 1 | $65,000 | $65,000 |
| 1259.32 | 1 | $65,000 | $65,000 |
| 1264.56 | 1 | $65,000 | $65,000 |
| 1268.68 | 1 | $45,000 | $45,000 |
| 1271.95 | 1 | $45,000 | $45,000 |
| 1277.05 | 1 | $65,000 | $65,000 |
| 1279.29 | 1 | $45,000 | $45,000 |
| 1282.29 | 1 | $65,000 | $65,000 |
| 1287.9 | 1 | $65,000 | $65,000 |
| 1292.31 | 1 | $45,000 | $45,000 |
| 1303.79 | 1 | $65,000 | $65,000 |
| 1308.52 | 1 | $65,000 | $65,000 |
| 1309.68 | 1 | $65,000 | $65,000 |
| 1314.3 | 1 | $65,000 | $65,000 |
| 1316.73 | 1 | $65,000 | $65,000 |
| 1316.81 | 1 | $45,000 | $45,000 |
| 1325.75 | 1 | $65,000 | $65,000 |
| 1326.76 | 1 | $45,000 | $45,000 |
| 1345.8 | 1 | $45,000 | $45,000 |
| 1346.91 | 1 | $65,000 | $65,000 |
| 1352.57 | 1 | $65,000 | $65,000 |
| 1354.97 | 1 | $65,000 | $65,000 |
| 1369.69 | 1 | $45,000 | $45,000 |
| 1388.93 | 1 | $65,000 | $65,000 |
| 1398.69 | 1 | $45,000 | $45,000 |
| 1402.68 | 1 | $75,000 | $75,000 |
| 1404.37 | 1 | $75,000 | $75,000 |
| 1405.85 | 1 | $75,000 | $75,000 |
| 1407.16 | 1 | $75,000 | $75,000 |
| 1410.1 | 1 | $45,000 | $45,000 |
| 1412.68 | 1 | $45,000 | $45,000 |
| 1421.93 | 1 | $45,000 | $45,000 |
| 1422.93 | 1 | $75,000 | $75,000 |
| 1428.22 | 1 | $75,000 | $75,000 |
| 1456.9 | 1 | $45,000 | $45,000 |
| 1458.09 | 1 | $45,000 | $45,000 |
| 1478.98 | 1 | $75,000 | $75,000 |
| 148.44 | 1 | $35,000 | $35,000 |
| 1490.74 | 1 | $45,000 | $45,000 |
| 1565.08 | 1 | $75,000 | $75,000 |
| 1668.08 | 1 | $85,000 | $85,000 |
| 1704.51 | 1 | $85,000 | $85,000 |
| 1733.81 | 1 | $85,000 | $85,000 |
| 1734.77 | 1 | $85,000 | $85,000 |
| 1756.13 | 1 | $85,000 | $85,000 |
| 1776.66 | 1 | $85,000 | $85,000 |
| 1789.25 | 1 | $85,000 | $85,000 |
| 35.06 | 1 | $55,000 | $55,000 |
| 400.0 | 1 | $15,000 | $15,000 |
| 442.0 | 1 | $15,000 | $15,000 |
| 561.65 | 1 | $15,000 | $15,000 |
| 576.9 | 1 | $15,000 | $15,000 |
| 612.52 | 1 | $15,000 | $15,000 |
| 628.82 | 1 | $15,000 | $15,000 |
| 632.32 | 1 | $15,000 | $15,000 |
| 639.0 | 1 | $15,000 | $15,000 |
| 675.26 | 1 | $15,000 | $15,000 |
| 707.39 | 1 | $15,000 | $15,000 |
| 722.24 | 1 | $15,000 | $15,000 |
| 731.88 | 1 | $15,000 | $15,000 |
| 742.93 | 1 | $15,000 | $15,000 |
| 759.02 | 1 | $25,000 | $25,000 |
| 767.99 | 1 | $15,000 | $15,000 |
| 769.67 | 1 | $15,000 | $15,000 |
| 777.79 | 1 | $25,000 | $25,000 |
| 780.06 | 1 | $15,000 | $15,000 |
| 781.11 | 1 | $15,000 | $15,000 |
| 783.15 | 1 | $15,000 | $15,000 |
| 789.57 | 1 | $25,000 | $25,000 |
| 789.76 | 1 | $25,000 | $25,000 |
| 794.17 | 1 | $25,000 | $25,000 |
| 794.95 | 1 | $15,000 | $15,000 |
| 799.13 | 1 | $25,000 | $25,000 |
| 809.87 | 1 | $25,000 | $25,000 |
| 812.4 | 1 | $25,000 | $25,000 |
| 815.08 | 1 | $25,000 | $25,000 |
| 826.28 | 1 | $25,000 | $25,000 |
| 843.76 | 1 | $25,000 | $25,000 |
| 849.15 | 1 | $25,000 | $25,000 |
| 849.45 | 1 | $25,000 | $25,000 |
| 858.23 | 1 | $25,000 | $25,000 |
| 858.91 | 1 | $25,000 | $25,000 |
| 864.0 | 1 | $25,000 | $25,000 |
| 864.57 | 1 | $85,000 | $85,000 |
| 868.7 | 1 | $25,000 | $25,000 |
| 873.76 | 1 | $25,000 | $25,000 |
| 876.86 | 1 | $25,000 | $25,000 |
| 877.08 | 1 | $25,000 | $25,000 |
| 877.54 | 1 | $25,000 | $25,000 |
| 879.71 | 1 | $25,000 | $25,000 |
| 882.71 | 1 | $25,000 | $25,000 |
| 89.0 | 1 | $35,000 | $35,000 |
| 905.76 | 1 | $35,000 | $35,000 |
| 906.66 | 1 | $25,000 | $25,000 |
| 911.71 | 1 | $35,000 | $35,000 |
| 923.63 | 1 | $95,000 | $95,000 |
| 943.65 | 1 | $25,000 | $25,000 |
| 947.77 | 1 | $25,000 | $25,000 |
| 954.47 | 1 | $45,000 | $45,000 |
| 957.39 | 1 | $35,000 | $35,000 |
| 970.02 | 1 | $35,000 | $35,000 |
| 974.83 | 1 | $25,000 | $25,000 |
| 993.63 | 1 | $35,000 | $35,000 |
| 996.48 | 1 | $35,000 | $35,000 |
| 996.57 | 1 | $35,000 | $35,000 |
| 997.6 | 1 | $25,000 | $25,000 |
| 998.18 | 1 | $45,000 | $45,000 |
| 999.03 | 1 | $45,000 | $45,000 |
| NA | 2 | $70,000 | $35,000 |