Performance Equity Partners at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
1st71.4% deniedPricingmedian rate spread over APOR, weight 30%
0th8.45 ptsProcesswithdrawn + incomplete share, weight 15%
79th10.9%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,661 | 365 | 50.0% | 64.2% | 13.55% | $14M |
| 2024 | 1,475 | 301 | 56.1% | 67.9% | 13.85% | $12M |
| 2025 | 2,412 | 403 | 63.6% | 71.4% | 13.40% | $18M |
What Performance Equity Partners lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 2,412 manufactured homes, 0 investment properties.
Why Performance Equity Partners denies applications
Primary reason reported for each of the 1,535 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Performance Equity Partners
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 1,358 | 149 | 83.1% |
| $50k – $100k | 945 | 228 | 55.9% |
| $100k – $150k | 96 | 25 | 47.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 356 | 47 | 76.6% |
| 25–34 | 761 | 120 | 73.3% |
| 35–44 | 572 | 95 | 73.9% |
| 45–54 | 375 | 75 | 67.5% |
| 55–64 | 224 | 44 | 62.3% |
| 65–74 | 94 | 18 | 64.2% |
| Over 74 | 30 | 4 | 54.2% |
Where Performance Equity Partners lends
20 states and 0 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Illinois | 494 | 87 | 60.9% | 13.55% | #127 |
| Michigan | 284 | 47 | 64.4% | 13.35% | #176 |
| Missouri | 249 | 52 | 63.1% | 13.68% | #158 |
| Iowa | 242 | 39 | 69.4% | 13.51% | #87 |
| Wisconsin | 212 | 44 | 62.3% | 12.58% | #154 |
| Minnesota | 201 | 2 | 66.7% | 14.03% | #139 |
| Texas | 191 | 31 | 60.2% | 13.20% | #422 |
| Indiana | 140 | 27 | 65.0% | 12.63% | #236 |
| Ohio | 107 | 9 | 73.8% | 14.28% | #319 |
| Kansas | 95 | 34 | 47.4% | 10.80% | #173 |
| Kentucky | 57 | 11 | 63.2% | 12.30% | #256 |
| Wyoming | 40 | 2 | 67.5% | 12.15% | #78 |
| North Dakota | 25 | 8 | 60.0% | 13.13% | #96 |
| Pennsylvania | 23 | 7 | 43.5% | 11.90% | #582 |
| North Carolina | 18 | 0 | 88.9% | — | #540 |
| Nebraska | 17 | 3 | 70.6% | 13.36% | #219 |
| Colorado | 8 | 0 | 100.0% | — | #536 |
Frequently asked questions
Performance Equity Partners denied 71.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of mid-size mortgage lenders.
The most common reason Performance Equity Partners gave in 2025 was "debt-to-income ratio", cited on 68.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Performance Equity Partners originated in 2025 was 13.40%, and its median rate spread over the average prime offer rate was 8.45 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.