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 and Refi 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, Deltona, and Richmond among others. We have data for 60 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.67% | 4/21/24 |
| 30 Year FHA Purchase | 7.51% | 4/21/24 |
| 30 Year FHA Refi | 7.96% | 4/21/24 |
| 30 Year VA Purchase | 6.58% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 7.01% | 4/21/24 |
| 15 Year Conventional Purchase | 6.19% | 4/21/24 |
| 15 Year Conventional Refi | 6.01% | 4/21/24 |
| 15 Year Cash-out Refi | 6.01% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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
2,374Origination Dollar Volume (All Markets)
$549,520,000Awards
Christensen Financial - 2020
Christensen Financial is a 2020 , due to their low .
For 2020, 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) | 945 | $228,045,000 | $241,317 | $4,714 | 3.03% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 267 | $55,115,000 | $206,423 | $4,877 | 2.76% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 198 | $42,890,000 | $216,616 | $6,401 | 3.27% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 151 | $29,855,000 | $197,715 | $4,526 | 3.09% |
| RICHMOND, VA (FHA|USDA|VA) | 114 | $28,950,000 | $253,947 | $5,129 | 2.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 94 | $27,020,000 | $287,447 | $7,905 | 3.22% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 61 | $15,775,000 | $258,607 | $4,232 | 3.01% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 71 | $15,775,000 | $222,183 | $4,836 | 3.19% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 57 | $14,585,000 | $255,877 | $4,793 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 57 | $14,435,000 | $253,246 | $5,702 | 3.35% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 53 | $13,205,000 | $249,151 | $4,039 | 3.03% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 66 | $12,490,000 | $189,242 | $5,491 | 3.12% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 41 | $5,425,000 | $132,317 | $4,416 | 3.14% |
| OCALA, FL (FHA|USDA|VA) | 28 | $4,870,000 | $173,929 | $6,406 | 3.17% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 16 | $4,620,000 | $288,750 | $6,273 | 2.92% |
| Outside of Metro Areas | 19 | $4,415,000 | $232,368 | $6,143 | 3.18% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $3,610,000 | $300,833 | $4,968 | 2.90% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $2,980,000 | $298,000 | $8,317 | 3.43% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $5,351 | 2.84% |
| THE VILLAGES, FL (FHA|USDA|VA) | 9 | $2,125,000 | $236,111 | $3,483 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $3,452 | 2.74% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 10 | $2,010,000 | $201,000 | $5,406 | 3.19% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $3,644 | 2.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $4,307 | 2.70% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $5,794 | 2.97% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $3,884 | 3.08% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,871 | 2.96% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,325 | 2.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $19,302 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,756 | 2.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,803 | 2.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,089 | 2.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $3,549 | 3.31% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,875 | 2.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,735 | 2.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,652 | 2.50% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,635 | 3.25% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,525 | 2.94% |
| Boone, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,863 | 2.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,776 | 2.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,287 | 2.69% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,224 | 3.29% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $495 | 3.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $4,017 | 2.92% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,839 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,996 | 2.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,656 | 3.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,924 | 2.75% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,963 | 2.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,503 | 3.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,949 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,299 | 2.88% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,960 | 2.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,305 | 3.25% |
| MONROE, MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,832 | 5.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,830 | 3.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $568 | 3.75% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,376 | 3.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,959 | 3.13% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,670 | 5.63% |
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 2020, Christensen Financial's most frequently originated type of loan was Conventional, with 1,789 originations. Their 2nd most popular type was FHA, with 408 originations.
Loan Reason
For 2020, Christensen Financial's most frequently cited loan purpose was Home Purchase, with 1,261 originations. The 2nd most popular reason was Refi, with 754 originations.
Loan Duration/Length
For 2020, Christensen Financial's most frequently cited loan duration was 30 Year, with 2,096 originations. The 2nd most popular length was 15 Year, with 170 originations.
Origination Fees/Closing Costs
Christensen Financial's average total fees were $5,290, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,540 originations.
Interest Rates
During 2020, Christensen Financial's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,035 originations.
Loan Sizing
2020 saw Christensen Financial place emphasis on $200k-400k loans with 1,295 originations, totaling $350,475,000 in origination value.
Applicant Income
Christensen Financial lent most frequently to those with incomes in the $50k-75k range, with 690 originations. The second most popular income band? $50k or less, with 628 originations.
Applicant Debt to Income Ratio
Christensen Financial lent most frequently to those with DTI ratios of 20-30%, with 415 originations. The next most common DTI ratio? 30-36%, with 373 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.28%
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 origination70.09%
Christensen Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 3 | $125,000 | $41,667 |
| NA | 2,371 | $549,395,000 | $231,714 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $1,925,000 | $128,333 |
| Single Family (1-4 Units):Site-Built | 2,359 | $547,595,000 | $232,130 |