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, Deltona, Port St. Lucie, and Richmond 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% | 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
2,046Origination Dollar Volume (All Markets)
$502,180,000Awards
Christensen Financial - 2021
Christensen Financial is a 2021 , due to their low .
For 2021, 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) | 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% |
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Product Mix
For 2021, Christensen Financial's most frequently originated type of loan was Conventional, with 1,585 originations. Their 2nd most popular type was FHA, with 301 originations.
Loan Reason
For 2021, Christensen Financial's most frequently cited loan purpose was Home Purchase, with 1,186 originations. The 2nd most popular reason was Refi, with 430 originations.
Loan Duration/Length
For 2021, Christensen Financial's most frequently cited loan duration was 30 Year, with 1,807 originations. The 2nd most popular length was 15 Year, with 170 originations.
Origination Fees/Closing Costs
Christensen Financial's average total fees were $5,490, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,280 originations.
Interest Rates
During 2021, Christensen Financial's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 951 originations.
Loan Sizing
2021 saw Christensen Financial place emphasis on $200k-400k loans with 1,097 originations, totaling $304,955,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.71%
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 origination63.54%
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 |
LTV Distribution
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% |