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

2021 Data | 2020 Data | 2019 Data | 2018 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

2,046

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 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 applications
97.09%

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 origination
66.88%

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%