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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.55% | 11/17/24 |
| 30 Year Conventional Refi | 6.35% | 11/17/24 |
| 30 Year Cash-out Refi | 6.45% | 11/17/24 |
| 15 Year Conventional Purchase | 5.69% | 11/17/24 |
| 15 Year Conventional Refi | 5.89% | 11/17/24 |
| 15 Year Cash-out Refi | 5.89% | 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. | ||
Police & Fire Mortgage Calculator
Your Estimates
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technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,502Origination Dollar Volume (All Markets)
$566,640,000Awards
POLICE & 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 |