Christensen Financial Mortgage Rates, Fees & Info

Altamonte Springs, FL

LEI: 254900JMPUH6DCQM3W65

Tax ID: 22-3886534

4.4 stars - out of 5 stars, based on 45 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Christensen Financial is a smaller mortgage company specializing in 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Orlando, Palm Bay, Deltona, Port St. Lucie, and Richmond among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Christensen Financial 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. Christensen Financial 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 9.08% 11/26/22
    30 Year Conventional Purchase 6.92% 11/26/22
    30 Year Conventional Refi 6.93% 11/26/22
    30 Year FHA Purchase 7.92% 11/26/22
    30 Year FHA Refi 7.38% 11/26/22
    30 Year VA Purchase 6.75% 11/26/22
    30 Year VA Refi 6.63% 11/26/22
    30 Year USDA Purchase 7.32% 11/26/22
    30 Year USDA Refi 7.05% 11/26/22
    15 Year Conventional Purchase 6.23% 11/26/22
    15 Year Conventional Refi 6.18% 11/26/22
    15 Year Cash-out Refi 6.18% 11/26/22
    15 Year VA Refi 6.12% 11/26/22
    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.


    Originations

    2,046

    Origination Dollar Volume (All Markets)

    $502,180,000

    Awards

    Christensen Financial 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Christensen Financial's average 30 year fixed mortgage rate was 3.1%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

    Christensen Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $5,490.

    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.

    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) 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.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    St James Mortgage Corporation
    Similarity Rank: 304
    Emory Alliance Credit Union
    Similarity Rank: 305
    Town & Country Bank
    Similarity Rank: 328
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    HENRICO Federal Credit Union
    Similarity Rank: 420
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    T&I Credit union
    Similarity Rank: 618

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,585 $382,925,000 $241,593 $4,389 3.02%
    FHA 301 $73,835,000 $245,299 $9,077 3.17%
    VA 117 $37,225,000 $318,162 $7,405 2.90%
    USDA 26 $6,140,000 $236,154 $7,252 3.01%
    FHA 12 $1,630,000 $135,833 $0 2.71%
    HELOC 5 $425,000 $85,000 n/a 4.00%

    For 2021, Christensen Financial's most frequently originated type of loan was Conventional, with 1,585 originations. Their 2nd most popular type was FHA, with 301 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Christensen Financial's most frequently cited loan purpose was Home Purchase, with 1,186 originations. The 2nd most popular reason was 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 2021, Christensen Financial's most frequently cited loan duration was 30 Year, with 1,807 originations. The 2nd most popular length was 15 Year, with 170 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,280 $321,120,000 $250,875
    $2k-3k 277 $61,055,000 $220,415
    $<1k 192 $39,010,000 $203,177
    $3k-4k 124 $29,760,000 $240,000
    $4k-5k 90 $24,030,000 $267,000
    $5k+ 66 $25,150,000 $381,061

    Christensen Financial's average total fees were $5,490, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.10%, while their most frequently originated rate bucket for loans was 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 or Islander 3 $715,000 $238,333 $5,921 2.67%

    Approval Rates

    Total approvals of all applications
    97.71%

    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 origination
    63.54%

    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%