Christensen Financial Mortgage Rates, Fees & InfoAltamonte Springs, FL
Tax ID: 22-3886534
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewChristensen 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 a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Orlando, Palm Bay, Richmond, Deltona, and Miami among others. We have data for 38 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.41%||12/4/23|
|30 Year Conventional Refi||6.67%||12/4/23|
|30 Year FHA Purchase||7.51%||12/4/23|
|30 Year FHA Refi||7.96%||12/4/23|
|30 Year VA Purchase||6.58%||12/4/23|
|30 Year VA Refi||6.27%||12/4/23|
|30 Year USDA Purchase||7.01%||12/4/23|
|15 Year Conventional Purchase||6.19%||12/4/23|
|15 Year Conventional Refi||6.01%||12/4/23|
|15 Year Cash-out Refi||6.01%||12/4/23|
|15 Year FHA Refi||5.68%||12/4/23|
|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.|
Christensen Financial Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Christensen Financial. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$202,720,000
Christensen Financial - 2022
Christensen Financial is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Christensen Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.27%.
Relative Fees (Closing Costs)
Christensen Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,293.
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.
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)||224||$65,030,000||$290,313||$6,831||4.49%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||89||$20,375,000||$228,933||$6,137||3.67%|
|RICHMOND, VA (FHA|USDA|VA)||65||$19,515,000||$300,231||$8,005||4.75%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||70||$16,550,000||$236,429||$7,078||4.22%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||34||$14,260,000||$419,412||$12,189||4.72%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||27||$9,965,000||$369,074||$6,353||4.43%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||33||$9,125,000||$276,515||$8,735||4.57%|
|NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA)||28||$8,640,000||$308,571||$7,243||4.65%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||10||$4,340,000||$434,000||$11,784||4.38%|
|Outside of Metro Areas||18||$4,060,000||$225,556||$6,298||4.81%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||16||$3,910,000||$244,375||$6,419||5.13%|
|PANAMA CITY, FL (FHA|USDA|VA)||9||$3,595,000||$399,444||$4,988||4.44%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||16||$3,380,000||$211,250||$5,705||4.58%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||6||$2,620,000||$436,667||$9,073||3.67%|
|OCALA, FL (FHA|USDA|VA)||13||$2,395,000||$184,231||$6,046||4.60%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||10||$2,190,000||$219,000||$7,137||4.99%|
|Sebastian-Vero Beach, FL (FHA|USDA|VA)||6||$1,560,000||$260,000||$7,484||4.23%|
|HOMOSASSA SPRINGS, FL (FHA|USDA|VA)||5||$1,305,000||$261,000||$10,351||4.83%|
|JACKSONVILLE, FL (FHA|USDA|VA)||6||$1,270,000||$211,667||$5,001||4.33%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||3||$1,055,000||$351,667||$9,207||5.33%|
|CHARLOTTESVILLE, VA (FHA|USDA|VA)||4||$1,050,000||$262,500||$5,902||4.72%|
|PUNTA GORDA, FL (FHA|USDA|VA)||4||$910,000||$227,500||$5,411||4.53%|
|THE VILLAGES, FL (FHA|USDA|VA)||4||$840,000||$210,000||$7,199||4.06%|
|Detroit-Warren-Dearborn, MI (FHA|USDA|VA)||3||$595,000||$198,333||$5,397||4.13%|
|GREENVILLE-ANDERSON, SC (FHA|USDA|VA)||1||$505,000||$505,000||$4,680||3.75%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||2||$420,000||$210,000||$4,872||4.00%|
|GAINESVILLE, FL (FHA|USDA|VA)||2||$390,000||$195,000||$4,228||4.06%|
|Sevierville, TN (FHA|USDA|VA)||1||$375,000||$375,000||$3,618||4.00%|
|SEBRING-AVON PARK, FL (FHA|USDA|VA)||2||$340,000||$170,000||$4,395||4.69%|
|MONTGOMERY, AL (FHA|USDA|VA)||1||$285,000||$285,000||$8,963||5.75%|
|CLARKSVILLE, TN-KY (FHA|USDA|VA)||1||$285,000||$285,000||$6,866||5.88%|
|ASHEVILLE, NC (FHA|USDA|VA)||1||$255,000||$255,000||$3,717||3.38%|
|BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA)||1||$245,000||$245,000||$3,460||4.38%|
|FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA)||1||$245,000||$245,000||$3,571||4.13%|
|STAUNTON, VA (FHA|USDA|VA)||1||$235,000||$235,000||$1,781||5.25%|
|ODESSA, TX (FHA|USDA|VA)||1||$225,000||$225,000||$3,931||4.63%|
|ROANOKE, VA (FHA|USDA|VA)||1||$205,000||$205,000||$4,260||5.13%|
|KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA)||1||$175,000||$175,000||$4,079||5.75%|
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.
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For 2022, Christensen Financial's most frequently originated type of loan was Conventional, with 531 originations. Their 2nd most popular type was FHA, with 140 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Christensen Financial's most frequently cited loan purpose was Home Purchase, with 532 originations. The 2nd most popular reason was Home Improvement, with 149 originations.
For 2022, Christensen Financial's most frequently cited loan duration was 30 Year, with 671 originations. The 2nd most popular length was 15 Year, with 30 originations.
Origination Fees/Closing Costs
Christensen Financial's average total fees were $7,293, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 216 originations.
During 2022, Christensen Financial's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 5-6%, with 220 originations.
2022 saw Christensen Financial place emphasis on $200k-400k loans with 397 originations, totaling $113,425,000 in origination value.
Christensen Financial lent most frequently to those with incomes in the $50k-75k range, with 217 originations. The second most popular income band? $50k or less, with 144 originations.
Applicant Debt to Income Ratio
Christensen Financial lent most frequently to those with DTI ratios of 20-30%, with 103 originations. The next most common DTI ratio? 30-36%, with 88 originations.
Approval RatesTotal approvals of all applications
Christensen Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
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|