Park Square Home Mortgage Rates, Fees & InfoORLANDO, FL
Tax ID: 82-2892065
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPark Square Home Mortgage is a smaller mortgage company specializing in loans. Park Square Home Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tampa, Lakeland, Orlando, Deltona, and North Port among others. We have data for 6 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 a high 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.59%||3/19/23|
|30 Year Conventional Refi||6.34%||3/19/23|
|30 Year Cash-out Refi||6.38%||3/19/23|
|30 Year FHA Purchase||7.25%||3/19/23|
|30 Year VA Purchase||6.23%||3/19/23|
|30 Year USDA Purchase||6.62%||3/19/23|
|15 Year Conventional Purchase||5.96%||3/19/23|
|15 Year FHA Purchase||7.11%||3/19/23|
|15 Year VA Purchase||6.34%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$143,380,000
Park Square Home Mortgage's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.15%.
Relative Fees (Closing Costs)
Park Square Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,775.
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 $4,750.
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|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||173||$49,465,000||$285,925||$5,714||2.97%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||148||$42,650,000||$288,176||$7,318||3.01%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||86||$27,540,000||$320,233||$7,302||3.05%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||63||$18,615,000||$295,476||$7,320||2.86%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||19||$4,685,000||$246,579||$5,564||3.05%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$425,000||$425,000||$4,934||2.87%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Park Square Home Mortgage's most frequently originated type of loan was Conventional, with 256 originations. Their 2nd most popular type was FHA, with 172 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||1||$445,000||$445,000||$4,545||3.13%|
For 2021, Park Square Home Mortgage's most frequently cited loan purpose was Home Purchase, with 485 originations. The 2nd most popular reason was Refi, with 4 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2021, Park Square Home Mortgage's most frequently cited loan duration was 30 Year, with 471 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Park Square Home Mortgage's average total fees were $6,775, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 299 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Park Square Home Mortgage's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 276 originations.
2021 saw Park Square Home Mortgage place emphasis on $200k-400k loans with 419 originations, totaling $122,565,000 in origination value.
Park Square Home Mortgage lent most frequently to those with incomes in the $50k-75k range, with 169 originations. The second most popular income band? $75k-100k, with 125 originations.
Applicant Debt to Income Ratio
Park Square Home Mortgage lent most frequently to those with DTI ratios of 50-60%, with 82 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Approval RatesTotal approvals of all applications
Park Square Home Mortgage has an average approval rate.
Pick RateApprovals leading to origination
Park Square Home Mortgage has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|