Police & Fire Mortgage Rates, Fees & Info
Philadelphia, PALEI: 54930063XGNMIXS57091
Tax ID: 23-1343988
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Mortgage Data
Review & Overview
Police & Fire is a smaller mortgage company specializing in Cash Out Refi and Home Improvement loans. Police & Fire has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, New York, Ocean City, Atlantic City, and Allentown among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Police & Fire has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Police & Fire is typically a low 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 relatively high 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 |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 12/7/24 |
30 Year Conventional Purchase | 6.55% | 12/7/24 |
30 Year Conventional Refi | 6.35% | 12/7/24 |
30 Year Cash-out Refi | 6.45% | 12/7/24 |
15 Year Conventional Purchase | 5.69% | 12/7/24 |
15 Year Conventional Refi | 5.89% | 12/7/24 |
15 Year Cash-out Refi | 5.89% | 12/7/24 |
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. |
Police & Fire Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,502Origination Dollar Volume (All Markets)
$566,640,000POLICE & FIRE - 2023
POLICE & FIRE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Police & Fire's average 30 year fixed mortgage rate was
6.42%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Police & Fire's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,121.
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 $9,089.
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 |
---|---|---|---|---|---|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5,861 | $498,935,000 | $85,128 | $206 | 6.69% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 129 | $14,775,000 | $114,535 | $303 | 6.74% |
OCEAN CITY, NJ (FHA|USDA|VA) | 102 | $13,070,000 | $128,137 | $561 | 6.31% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 96 | $9,640,000 | $100,417 | $384 | 6.53% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 57 | $5,685,000 | $99,737 | $552 | 6.66% |
TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 36 | $4,280,000 | $118,889 | $368 | 6.49% |
READING, PA (FHA|USDA|VA) | 30 | $3,360,000 | $112,000 | $781 | 6.37% |
DOVER, DE (FHA|USDA|VA) | 21 | $1,715,000 | $81,667 | $285 | 6.65% |
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 30 | $1,680,000 | $56,000 | $93 | 6.64% |
LANCASTER, PA (FHA|USDA|VA) | 18 | $1,450,000 | $80,556 | $339 | 6.53% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $1,280,000 | $106,667 | $207 | 6.38% |
SALISBURY, MD-DE (FHA|USDA|VA) | 13 | $1,275,000 | $98,077 | $379 | 6.28% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 9 | $1,095,000 | $121,667 | $1,529 | 6.23% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 9 | $1,045,000 | $116,111 | $1,004 | 6.59% |
JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $2,482 | 6.28% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 12 | $790,000 | $65,833 | $358 | 6.54% |
Pottsville, PA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,584 | 7.09% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $720,000 | $90,000 | $0 | 6.62% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 6.68% |
LEBANON, PA (FHA|USDA|VA) | 7 | $325,000 | $46,429 | $0 | 6.81% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 5.74% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 7.37% |
THE VILLAGES, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 6.62% |
PANAMA CITY, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,920 | 6.75% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,728 | 5.62% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $245,000 | $49,000 | $0 | 6.09% |
YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $240,000 | $40,000 | $0 | 7.04% |
Selinsgrove, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,371 | 6.38% |
Outside of Metro Areas | 4 | $210,000 | $52,500 | $0 | 6.87% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.99% |
STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.74% |
GETTYSBURG, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $498 | 6.06% |
Sunbury, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.74% |
PITTSBURGH, PA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 7.37% |
TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.50% |
OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.49% |
Sayre, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
DuBois, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.24% |
Similar Lenders
We use machine learning to identify the top lenders compared against POLICE & FIRE 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
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 4,641 | $381,335,000 | $82,167 | $233 | 6.40% |
HELOC | 1,861 | $185,305,000 | $99,573 | n/a | 7.37% |
For 2023, Police & Fire's most frequently originated type of loan was Conventional, with 4,641 originations. Their 2nd most popular type was HELOC, with 1,861 originations.
Loan Reason
For 2023, Police & Fire's most frequently cited loan purpose was Cash Out Refi, with 4,076 originations. The 2nd most popular reason was Home Improvement, with 2,140 originations.
Loan Duration/Length
For 2023, Police & Fire's most frequently cited loan duration was 20 Year, with 2,451 originations. The 2nd most popular length was 15 Year, with 1,931 originations.
Origination Fees/Closing Costs
Police & Fire's average total fees were $3,121, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,542 originations.
Interest Rates
During 2023, Police & Fire's average interest rate for loans was 6.42%, while their most frequently originated rate bucket for loans was 6-7%, with 2,721 originations.
Loan Sizing
2023 saw Police & Fire place emphasis on $100,000 or less loans with 4,716 originations, totaling $236,000,000 in origination value.
Applicant Income
Police & Fire lent most frequently to those with incomes in the $100k-150k range, with 1,944 originations. The second most popular income band? $150k-250k, with 1,891 originations.
Applicant Debt to Income Ratio
Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 1,639 originations. The next most common DTI ratio? 30-36%, with 1,488 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.54%
Police & Fire has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination82.37%
Police & Fire has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 6,502 | $566,640,000 | $87,149 |