Is Park Square Home Mortgage LLC a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Park Square Home Mortgage LLC to those of other lenders for a comparable set of borrowers. Here is our review of Park Square Home Mortgage LLC nationally:
| Review Item | Park Square Home Mortgage LLC |
|---|---|
| Interest Rate | lower than other lenders (-0.16%) |
| Loan Related Closing Costs | higher than other lenders (+$280) |
| National Rate and Closing Cost Star Rating | (4) |
On average, Park Square Home Mortgage LLC’s interest rates were lower than those of other lenders (-0.16%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$280. Overall, combining interest rates and closing costs we estimate that Park Square Home Mortgage LLC tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Park Square Home Mortgage LLC, check out its website at: https://www.pshmtg.com.
Park Square Home Mortgage LLC’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Park Square Home Mortgage LLC was most active in:
Park Square Home Mortgage LLC’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Park Square Home Mortgage LLC originated Conforming, FHA, USDA and VA mortgages for new home purchases. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
| New Purchase Mortgages | Conforming | FHA | USDA | VA |
|---|---|---|---|---|
| Interest Rate Difference | -0.04% | -0.26% | -0.00% | -0.05% |
| Loan Related Closing Cost Difference | +$307 | +$343 | -$40 | -$86 |
| Cost Adjusted Rate Difference | -0.02% | -0.24% | -0.00% | -0.06% |
| National Star Rating |
As a summary, Park Square Home Mortgage LLC is cheap for FHA and VA purchase mortgages. It is similar to other lenders for Conforming and USDA purchase mortgages. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Park Square Home Mortgage LLC:
Registered city and state: ORLANDO, FL, 32811
Regulator: Consumer Financial Protection Bureau (CFPB)
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Park Square Home Mortgage LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.