Park Square Home Mortgage Rates, Fees & Info

ORLANDO, FL

LEI: 549300LBBI5HSCNM6E20

Tax ID: 82-2892065

5 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Park Square Home Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Park Square Home Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Lakeland, Tampa, Punta Gorda, and North Port among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Park Square Home Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Park Square Home Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

    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
    30 Year Conventional Purchase 6.48% 4/5/25
    30 Year Conventional Refi 7.43% 4/5/25
    30 Year Cash-out Refi 6.72% 4/5/25
    30 Year FHA Purchase 5.95% 4/5/25
    30 Year VA Purchase 5.45% 4/5/25
    15 Year Conventional Purchase 6.26% 4/5/25
    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 Square Home Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Park Square Home Mortgage. 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

    236

    Origination Dollar Volume (All Markets)

    $93,300,000
    Show all (9) awards

    Relative Rate

    Park Square Home Mortgage's average 30 year fixed mortgage rate was 5.54%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -1.01%.

    Relative Fees (Closing Costs)

    Park Square Home Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $10,833.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 143 $57,325,000 $400,874 $11,199 5.65%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 53 $17,545,000 $331,038 $10,658 5.26%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 21 $12,515,000 $595,952 $9,197 5.80%
    PUNTA GORDA, FL (FHA|USDA|VA) 15 $4,625,000 $308,333 $10,045 5.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $780,000 $390,000 $9,429 5.37%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,615 7.38%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.99%
    Park Square Home Mortgage's top markets include Orlando, Lakeland, Tampa, Punta Gorda, and North Port among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PARK SQUARE HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SAN ANTONIO CITIZENS
    Similarity Rank: 156
    INSIGHT
    Similarity Rank: 721
    First Home Bank
    Similarity Rank: 784
    Citizens First Bank
    Similarity Rank: 820
    ADDITION FINANCIAL
    Similarity Rank: 1155
    Grow Financial Federal Credit Union
    Similarity Rank: 1170
    USF Federal Credit Union
    Similarity Rank: 1190
    Suncoast Credit Union
    Similarity Rank: 1536
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1776
    WATSON MORTGAGE CORP.
    Similarity Rank: 1793

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 140 $51,640,000 $368,857 $12,822 5.20%
    Conventional 76 $31,490,000 $414,342 $8,529 6.24%
    VA 20 $10,170,000 $508,500 $4,241 5.34%

    For 2024, Park Square Home Mortgage's most frequently originated type of loan was FHA, with 140 originations. Their 2nd most popular type was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 235 $93,025,000 $395,851 $10,821 5.54%
    Refi 1 $275,000 $275,000 $3,615 7.38%

    For 2024, Park Square Home Mortgage's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 233 $92,525,000 $397,103 $10,833 5.54%
    15 Year 3 $775,000 $258,333 $5,861 6.21%

    For 2024, Park Square Home Mortgage's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 129 $48,085,000 $372,752
    $5k+ 32 $15,610,000 $487,813
    $<1k 23 $10,115,000 $439,783
    $3k-4k 20 $7,130,000 $356,500
    $4k-5k 13 $5,035,000 $387,308
    $2k-3k 11 $4,825,000 $438,636

    Park Square Home Mortgage's average total fees were $10,833, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $38,590,000 $357,315
    5-6% 70 $30,210,000 $431,571
    6-7% 38 $15,860,000 $417,368
    7-8% 15 $6,865,000 $457,667
    3-4% 5 $1,775,000 $355,000

    During 2024, Park Square Home Mortgage's average interest rate for loans was 5.54%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 162 $54,960,000 $339,259 $10,398 5.33%
    $400k-600k 51 $23,645,000 $463,627 $12,062 5.96%
    $600k-1MM 18 $13,090,000 $727,222 $12,841 6.13%
    $100,000 or less 2 $160,000 $80,000 $2,355 6.49%
    $100k-200k 2 $250,000 $125,000 $2,670 6.69%
    $1MM+ 1 $1,195,000 $1,195,000 $0 5.63%

    2024 saw Park Square Home Mortgage place emphasis on $200k-400k loans with 162 originations, totaling $54,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 74 $26,100,000 $352,703 $11,123 5.33%
    $100k-150k 69 $25,815,000 $374,130 $10,590 5.49%
    $150k-250k 46 $23,170,000 $503,696 $10,380 6.01%
    $50k-75k 25 $8,165,000 $326,600 $10,655 4.87%
    $250k+ 21 $9,965,000 $474,524 $11,848 6.33%
    $50k or less 1 $85,000 $85,000 $2,355 5.99%

    Park Square Home Mortgage lent most frequently to those with incomes in the $75k-100k range, with 74 originations. The second most popular income band? $100k-150k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 69 $27,945,000 $405,000 $11,594 5.26%
    30-36% 30 $12,070,000 $402,333 $9,299 5.87%
    48% 20 $8,690,000 $434,500 $9,820 5.89%
    46% 16 $6,960,000 $435,000 $12,759 5.50%
    47% 15 $6,005,000 $400,333 $11,174 5.49%
    49% 11 $3,835,000 $348,636 $11,326 5.22%
    20-30% 11 $4,095,000 $372,273 $8,492 6.50%
    43% 10 $3,950,000 $395,000 $10,605 5.64%
    42% 9 $3,315,000 $368,333 $10,443 5.74%
    44% 8 $2,980,000 $372,500 $11,854 5.46%
    40% 8 $2,540,000 $317,500 $9,875 5.59%
    45% 7 $2,825,000 $403,571 $11,203 5.12%
    41% 7 $2,555,000 $365,000 $10,149 5.53%
    39% 4 $1,530,000 $382,500 $9,933 5.52%
    38% 4 $1,390,000 $347,500 $10,219 5.56%
    37% 3 $995,000 $331,667 $9,240 5.24%
    36% 2 $690,000 $345,000 $11,427 4.49%
    <20% 2 $930,000 $465,000 $8,217 6.81%

    Park Square Home Mortgage lent most frequently to those with DTI ratios of 50-60%, with 69 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $59,315,000 $403,503 $10,751 5.60%
    Not provided 55 $20,335,000 $369,727 $11,032 5.48%
    Black 23 $9,645,000 $419,348 $10,510 5.24%
    Asian 9 $3,235,000 $359,444 $11,414 6.05%
    American Indian 2 $770,000 $385,000 $8,296 5.37%

    Approval Rates

    Total approvals of all applications
    96.48%

    Park Square Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.59%

    Park Square Home Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 236 $93,300,000 $395,339

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    236 $93,300,000 $395,339

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,445,000 $206,429 $3,966 6.03%
    40-60% 13 $4,495,000 $345,769 $7,363 6.09%
    60-80% 25 $10,955,000 $438,200 $11,510 5.88%
    80-100% 185 $74,385,000 $402,081 $11,143 5.46%
    Over 100% 5 $1,945,000 $389,000 $11,821 5.04%
    Under 20% 1 $75,000 $75,000 $0 6.99%