Christensen Financial Mortgage Rates, Fees & Info
Altamonte Springs, FLLEI: 254900JMPUH6DCQM3W65
Tax ID: 22-3886534
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Christensen Financial is a smaller mortgage company specializing in Home Purchase loans. Christensen Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Orlando, Palm Bay, Deltona, Port St. Lucie, and Richmond among others. Christensen Financial has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Christensen Financial is typically an average fee lendor.Originations
2,046Origination Dollar Volume (All Markets)
$502,180,000Awards
Christensen Financial - 2021
Christensen Financial is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Christensen Financial 's average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
Christensen Financial 's average total fees for a 30 year fixed rate
mortgage are $5,490.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 780 | $192,880,000 | $247,282 | $4,861 | 3.04% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 267 | $63,525,000 | $237,921 | $5,204 | 2.74% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 159 | $34,655,000 | $217,956 | $5,120 | 3.03% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 122 | $28,330,000 | $232,213 | $6,776 | 3.28% |
| RICHMOND, VA (FHA|USDA|VA) | 94 | $23,110,000 | $245,851 | $6,195 | 2.97% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 70 | $22,520,000 | $321,714 | $8,936 | 3.16% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 76 | $19,610,000 | $258,026 | $4,973 | 3.14% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 51 | $17,005,000 | $333,431 | $5,257 | 3.04% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 37 | $11,595,000 | $313,378 | $7,254 | 3.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 50 | $11,350,000 | $227,000 | $4,406 | 3.10% |
| OCALA, FL (FHA|USDA|VA) | 59 | $10,235,000 | $173,475 | $5,674 | 2.92% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 43 | $8,975,000 | $208,721 | $5,082 | 3.16% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 33 | $7,235,000 | $219,242 | $4,009 | 3.16% |
| Outside of Metro Areas | 30 | $6,730,000 | $224,333 | $4,759 | 3.05% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 19 | $5,825,000 | $306,579 | $4,951 | 3.28% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 14 | $5,200,000 | $371,429 | $5,394 | 2.64% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $5,691 | 2.91% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 9 | $2,555,000 | $283,889 | $6,301 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 18 | $2,540,000 | $141,111 | $4,196 | 3.58% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $2,200,000 | $275,000 | $4,850 | 3.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $4,949 | 3.22% |
| THE VILLAGES, FL (FHA|USDA|VA) | 10 | $1,970,000 | $197,000 | $3,809 | 3.14% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 8 | $1,890,000 | $236,250 | $5,515 | 2.94% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $4,085 | 3.02% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,730,000 | $432,500 | $4,664 | 2.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $4,862 | 3.40% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $2,354 | 2.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $4,594 | 3.21% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $5,231 | 3.44% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,016 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,279 | 2.28% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,000 | 2.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,625 | 2.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,276 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,875 | 3.69% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,734 | 3.25% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,517 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,115 | 3.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,399 | 3.38% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,080 | 3.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,631 | 2.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,002 | 3.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,698 | 3.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,749 | 3.13% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,873 | 3.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,358 | 2.63% |
| Duncan, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,358 | 3.25% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,030 | 2.75% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,783 | 3.50% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,052 | 3.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,881 | 3.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,298 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,713 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,932 | 2.25% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,045 | 3.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,751 | 3.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,937 | 3.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,062 | 3.25% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,734 | 3.88% |
Christensen Financial 's top markets include Orlando, Palm Bay, Deltona, Port St. Lucie, and Richmond among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,590 | $383,350,000 | $241,101 | $4,389 | 3.02% |
| FHA | 313 | $75,465,000 | $241,102 | $9,077 | 3.15% |
| VA | 117 | $37,225,000 | $318,162 | $7,405 | 2.90% |
| USDA | 26 | $6,140,000 | $236,154 | $7,252 | 3.01% |
For the 2021 period, Christensen Financial 's most frequently originated loan type of loans were Conventional, with 1,590 originations. Their 2nd most popular type is FHA, with 313 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,186 | $306,690,000 | $258,592 | $5,930 | 3.04% |
| Refi | 430 | $97,090,000 | $225,791 | $3,995 | 2.92% |
| Home Improvement | 428 | $98,240,000 | $229,533 | $4,808 | 3.15% |
| Other | 2 | $160,000 | $80,000 | $0 | 2.81% |
For the 2021, Christensen Financial 's most frequently cited loan purpose of loans were Home Purchase, with 1,186 originations. The 2nd most popular reason of loans were Refi, with 430 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,807 | $453,135,000 | $250,766 | $5,490 | 3.10% |
| 15 Year | 170 | $36,480,000 | $214,588 | $3,740 | 2.51% |
| 20 Year | 39 | $8,115,000 | $208,077 | $4,029 | 2.87% |
| Other | 21 | $3,685,000 | $175,476 | $3,787 | 2.88% |
| 10 Year | 5 | $665,000 | $133,000 | $2,984 | 1.85% |
| 5 Year | 4 | $100,000 | $25,000 | $0 | 0.00% |
For the 2021, Christensen Financial 's most frequently cited loan length of loans were 30 Year, with 1,807 originations. The 2nd most popular length of loans were 15 Year, with 170 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,280 | $321,120,000 | $250,875 |
| $2k-3k | 277 | $61,055,000 | $220,415 |
| $3k-4k | 214 | $53,790,000 | $251,355 |
| $<1k | 192 | $39,010,000 | $203,177 |
| $5k+ | 66 | $25,150,000 | $381,061 |
$5,490 of loans were Christensen Financial 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,280 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 951 | $242,425,000 | $254,916 |
| 2.5-3% | 793 | $196,475,000 | $247,762 |
| <2.5% | 242 | $48,180,000 | $199,091 |
| 4-5% | 48 | $12,980,000 | $270,417 |
| 5-6% | 6 | $1,220,000 | $203,333 |
| 6-7% | 3 | $625,000 | $208,333 |
| 7-8% | 2 | $200,000 | $100,000 |
| Over 8% | 1 | $75,000 | $75,000 |
During 2021, Christensen Financial 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 951 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,097 | $304,955,000 | $277,990 | $5,805 | 3.10% |
| $100k-200k | 631 | $98,855,000 | $156,664 | $4,427 | 3.12% |
| $400k-600k | 171 | $80,795,000 | $472,485 | $7,303 | 3.09% |
| $100,000 or less | 134 | $6,640,000 | $49,552 | $1,900 | 1.99% |
| $600k-1MM | 11 | $8,225,000 | $747,727 | $9,014 | 3.30% |
| $1MM+ | 2 | $2,710,000 | $1,355,000 | $16,542 | 4.31% |
2021 saw Christensen Financial place emphasis on $200k-400k loans with 1,097 originations, totaling $304,955,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 582 | $127,050,000 | $218,299 | $5,243 | 2.98% |
| $50k or less | 501 | $86,255,000 | $172,166 | $5,049 | 3.02% |
| $75k-100k | 365 | $95,065,000 | $260,452 | $5,247 | 3.04% |
| $100k-150k | 332 | $100,860,000 | $303,795 | $5,663 | 3.06% |
| $150k-250k | 167 | $55,235,000 | $330,749 | $5,214 | 3.15% |
| $250k+ | 68 | $29,330,000 | $431,324 | $6,429 | 3.21% |
Christensen Financial lent most frequently to those with incomes in the $50k-75k range, with 582 originations. The second most popular income band? $50k or less, with 501 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 369 | $90,235,000 | $244,539 | $4,657 | 3.04% |
| 20-30% | 304 | $75,730,000 | $249,112 | $4,842 | 2.98% |
| 50-60% | 120 | $31,820,000 | $265,167 | $9,397 | 3.03% |
| 39% | 101 | $24,215,000 | $239,752 | $5,305 | 3.13% |
| 40% | 96 | $23,380,000 | $243,542 | $4,887 | 3.08% |
| 44% | 95 | $22,045,000 | $232,053 | $5,500 | 3.08% |
| 49% | 91 | $22,385,000 | $245,989 | $5,515 | 3.09% |
| <20% | 90 | $20,210,000 | $224,556 | $3,954 | 2.66% |
| 43% | 83 | $19,645,000 | $236,687 | $5,091 | 3.23% |
| 38% | 78 | $20,180,000 | $258,718 | $5,533 | 3.02% |
| 41% | 77 | $19,655,000 | $255,260 | $5,316 | 3.03% |
| 42% | 76 | $17,520,000 | $230,526 | $5,018 | 3.11% |
| 47% | 74 | $18,630,000 | $251,757 | $5,406 | 3.10% |
| 36% | 73 | $17,925,000 | $245,548 | $5,478 | 3.05% |
| 48% | 70 | $18,860,000 | $269,429 | $5,776 | 3.11% |
| 37% | 70 | $16,440,000 | $234,857 | $5,409 | 3.10% |
| 45% | 68 | $16,410,000 | $241,324 | $4,892 | 2.98% |
| 46% | 66 | $16,160,000 | $244,848 | $5,301 | 3.13% |
| >60% | 9 | $1,765,000 | $196,111 | $5,270 | 2.60% |
Christensen Financial lent most frequently to those with DTI ratios of 30-36%, with 369 originations. The next most common DTI ratio? 20-30%, with 304 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,729 | $422,885,000 | $244,584 | $5,108 | 3.02% |
| Black | 219 | $51,775,000 | $236,416 | $6,678 | 3.12% |
| Asian | 77 | $21,615,000 | $280,714 | $5,519 | 3.12% |
| American Indian | 12 | $3,980,000 | $331,667 | $5,769 | 3.14% |
| Asian Indian | 6 | $1,210,000 | $201,667 | $3,735 | 3.04% |
| Native Hawaiian | 3 | $715,000 | $238,333 | $5,921 | 2.67% |
Approval Rates
Total approvals of all applications97.09%
Christensen Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.88%
Christensen Financial 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 |
|---|---|---|---|
| 295.0 | 1 | $355,000 | $355,000 |
| 499.0 | 1 | $225,000 | $225,000 |
| 51922.0 | 1 | $815,000 | $815,000 |
| NA | 2,043 | $500,785,000 | $245,122 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,046 | $502,180,000 | $245,445 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 68 | $9,710,000 | $142,794 | $3,426 | 2.82% |
| 40-60% | 252 | $49,720,000 | $197,302 | $3,986 | 2.90% |
| 60-80% | 737 | $183,825,000 | $249,423 | $4,744 | 3.17% |
| 80-100% | 899 | $249,295,000 | $277,303 | $6,327 | 3.15% |
| Over 100% | 22 | $7,950,000 | $361,364 | $15,262 | 2.99% |
| Under 20% | 68 | $1,680,000 | $24,706 | $263 | 0.73% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Christensen Financial, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
