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, Port St. Lucie, Miami, and Nashville 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 11/17/24 |
| 30 Year Conventional Refi | 6.67% | 11/17/24 |
| 30 Year FHA Purchase | 7.51% | 11/17/24 |
| 30 Year FHA Refi | 7.96% | 11/17/24 |
| 30 Year VA Purchase | 6.58% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 7.01% | 11/17/24 |
| 15 Year Conventional Purchase | 6.19% | 11/17/24 |
| 15 Year Conventional Refi | 6.01% | 11/17/24 |
| 15 Year Cash-out Refi | 6.01% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 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
1,186Origination Dollar Volume (All Markets)
$259,570,000Top 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) | 384 | $93,060,000 | $242,344 | $5,830 | 4.21% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 177 | $38,525,000 | $217,655 | $5,509 | 4.01% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 109 | $21,765,000 | $199,679 | $6,567 | 4.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 60 | $16,920,000 | $282,000 | $7,477 | 4.48% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 62 | $13,250,000 | $213,710 | $6,395 | 4.11% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 43 | $9,965,000 | $231,744 | $7,368 | 4.26% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 53 | $9,515,000 | $179,528 | $5,283 | 4.28% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 38 | $7,100,000 | $186,842 | $6,022 | 4.36% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 23 | $6,035,000 | $262,391 | $5,933 | 4.53% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 26 | $5,680,000 | $218,462 | $4,943 | 4.29% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 21 | $4,895,000 | $233,095 | $6,148 | 4.21% |
| OCALA, FL (FHA|USDA|VA) | 29 | $4,425,000 | $152,586 | $5,839 | 4.49% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 20 | $4,260,000 | $213,000 | $6,190 | 4.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 30 | $4,000,000 | $133,333 | $4,659 | 4.30% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 11 | $2,265,000 | $205,909 | $5,509 | 4.10% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $8,808 | 4.73% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $1,625,000 | $180,556 | $4,688 | 4.10% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $5,540 | 4.29% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 11 | $1,295,000 | $117,727 | $3,635 | 3.93% |
| THE VILLAGES, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $3,701 | 3.78% |
| Outside of Metro Areas | 7 | $955,000 | $136,429 | $5,696 | 4.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $5,883 | 4.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $11,374 | 5.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $10,739 | 4.44% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $5,699 | 4.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,104 | 4.69% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,288 | 4.44% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,725 | 3.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,009 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,522 | 4.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,231 | 6.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,641 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,353 | 4.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,407 | 4.00% |
| Jesup, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,939 | 4.00% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,260 | 4.88% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,467 | 5.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,382 | 4.75% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,417 | 4.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,800 | 9.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,758 | 4.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,447 | 4.25% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,914 | 4.50% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,268 | 4.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,372 | 5.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,683 | 4.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,657 | 4.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,063 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,762 | 3.88% |
| MONROE, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,976 | 4.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,157 | 4.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,103 | 4.88% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,257 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,842 | 4.38% |
| Meadville, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,897 | 5.63% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.38% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,483 | 4.63% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,269 | 4.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,196 | 3.75% |
Similar Lenders
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Product Mix
For 2019, Christensen Financial's most frequently originated type of loan was Conventional, with 697 originations. Their 2nd most popular type was FHA, with 363 originations.
Loan Reason
For 2019, Christensen Financial's most frequently cited loan purpose was Home Purchase, with 943 originations. The 2nd most popular reason was Home Improvement, with 108 originations.
Loan Duration/Length
For 2019, Christensen Financial's most frequently cited loan duration was 30 Year, with 1,125 originations. The 2nd most popular length was 15 Year, with 31 originations.
Origination Fees/Closing Costs
Christensen Financial's average total fees were $6,027, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 587 originations.
Interest Rates
During 2019, Christensen Financial's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 598 originations.
Loan Sizing
2019 saw Christensen Financial place emphasis on $200k-400k loans with 553 originations, totaling $149,005,000 in origination value.
Applicant Income
Christensen Financial lent most frequently to those with incomes in the $50k or less range, with 359 originations. The second most popular income band? $50k-75k, with 336 originations.
Applicant Debt to Income Ratio
Christensen Financial lent most frequently to those with DTI ratios of 30-36%, with 193 originations. The next most common DTI ratio? 20-30%, with 137 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.05%
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 origination65.43%
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 | 4 | $80,000 | $20,000 |
| 295.0 | 2 | $140,000 | $70,000 |
| 68.0 | 1 | $185,000 | $185,000 |
| NA | 1,179 | $259,165,000 | $219,818 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 21 | $2,855,000 | $135,952 |
| Single Family (1-4 Units):Site-Built | 1,165 | $256,715,000 | $220,356 |