Christensen Financial Mortgage Rates, Fees & Info
Altamonte Springs, FLLEI: 254900JMPUH6DCQM3W65
Tax ID: 22-3886534
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Mortgage Data
Review & 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. 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, Miami, Port St. Lucie, and Nashville among others. We have data for 43 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 5/4/24 |
| 30 Year Conventional Refi | 6.67% | 5/4/24 |
| 30 Year FHA Purchase | 7.51% | 5/4/24 |
| 30 Year FHA Refi | 7.96% | 5/4/24 |
| 30 Year VA Purchase | 6.58% | 5/4/24 |
| 30 Year VA Refi | 6.27% | 5/4/24 |
| 30 Year USDA Purchase | 7.01% | 5/4/24 |
| 15 Year Conventional Purchase | 6.19% | 5/4/24 |
| 15 Year Conventional Refi | 6.01% | 5/4/24 |
| 15 Year Cash-out Refi | 6.01% | 5/4/24 |
| 15 Year FHA Refi | 5.68% | 5/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
853Origination Dollar Volume (All Markets)
$174,915,000Awards
Christensen Financial - 2018
Christensen Financial is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 212 | $45,520,000 | $214,717 | $5,485 | 4.91% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 157 | $32,085,000 | $204,363 | $6,291 | 5.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 79 | $20,455,000 | $258,924 | $7,596 | 4.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 104 | $20,020,000 | $192,500 | $6,774 | 5.04% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 43 | $8,755,000 | $203,605 | $5,735 | 4.98% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 40 | $8,440,000 | $211,000 | $6,083 | 4.92% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 30 | $5,510,000 | $183,667 | $5,681 | 4.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 22 | $3,980,000 | $180,909 | $4,713 | 4.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 16 | $3,610,000 | $225,625 | $5,766 | 5.30% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 17 | $3,465,000 | $203,824 | $5,911 | 4.79% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 20 | $3,230,000 | $161,500 | $5,848 | 5.61% |
| MOBILE, AL (FHA|USDA|VA) | 19 | $2,955,000 | $155,526 | $4,927 | 4.90% |
| OCALA, FL (FHA|USDA|VA) | 20 | $2,600,000 | $130,000 | $5,832 | 5.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 12 | $2,460,000 | $205,000 | $4,934 | 4.69% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $5,253 | 4.84% |
| Outside of Metro Areas | 4 | $1,360,000 | $340,000 | $9,728 | 5.59% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $1,035,000 | $115,000 | $3,902 | 5.24% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $5,896 | 4.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,207 | 5.22% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $8,546 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $14,805 | 4.06% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,190 | 5.31% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $13,978 | 4.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,870 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,728 | 5.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,178 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,888 | 5.38% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,506 | 4.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,661 | 5.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,216 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,644 | 4.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,898 | 4.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,927 | 4.69% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,220 | 5.13% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,859 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,671 | 5.25% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,045 | 7.88% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,239 | 5.00% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,125 | 5.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,376 | 6.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,632 | 5.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,519 | 5.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,009 | 5.50% |
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.
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Product Mix
For 2018, Christensen Financial's most frequently originated type of loan was Conventional, with 480 originations. Their 2nd most popular type was FHA, with 269 originations.
Loan Reason
For 2018, Christensen Financial's most frequently cited loan purpose was Home Purchase, with 753 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.
Loan Duration/Length
For 2018, Christensen Financial's most frequently cited loan duration was 30 Year, with 787 originations. The 2nd most popular length was 5 Year, with 33 originations.
Origination Fees/Closing Costs
Christensen Financial's average total fees were $6,162, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 374 originations.
Interest Rates
During 2018, Christensen Financial's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 490 originations.
Loan Sizing
2018 saw Christensen Financial place emphasis on $100k-200k loans with 364 originations, totaling $56,210,000 in origination value.
Applicant Income
Christensen Financial lent most frequently to those with incomes in the $50k or less range, with 291 originations. The second most popular income band? $50k-75k, with 263 originations.
Applicant Debt to Income Ratio
Christensen Financial lent most frequently to those with DTI ratios of 30-36%, with 127 originations. The next most common DTI ratio? 50-60%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.52%
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 origination68.00%
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 |
|---|---|---|---|
| 0.0 | 16 | $180,000 | $11,250 |
| 225.0 | 9 | $135,000 | $15,000 |
| 295.0 | 4 | $210,000 | $52,500 |
| NA | 824 | $174,390,000 | $211,638 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $1,035,000 | $94,091 |
| Single Family (1-4 Units):Site-Built | 842 | $173,880,000 | $206,508 |