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, Ocean City, New York, Atlantic City, and Allentown among others. We have data for 44 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 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 5/25/25 |
| 30 Year Conventional Refi | 6.17% | 5/25/25 |
| 30 Year Cash-out Refi | 6.37% | 5/25/25 |
| 15 Year Conventional Purchase | 6.07% | 5/25/25 |
| 15 Year Conventional Refi | 5.99% | 5/25/25 |
| 15 Year Cash-out Refi | 5.99% | 5/25/25 |
| 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
6,631Origination Dollar Volume (All Markets)
$642,115,000Awards
POLICE & FIRE - 2024
POLICE & FIRE is a 2024 , due to their low .
For 2024, 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
6.41%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.14%.
Relative Fees (Closing Costs)
Police & Fire's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,063.
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 $8,356.
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) | 5,991 | $564,265,000 | $94,185 | $179 | 6.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 113 | $18,225,000 | $161,283 | $761 | 6.82% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 113 | $14,875,000 | $131,637 | $203 | 7.04% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 124 | $14,230,000 | $114,758 | $434 | 6.83% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 49 | $4,105,000 | $83,776 | $285 | 7.08% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 32 | $3,430,000 | $107,188 | $0 | 6.90% |
| READING, PA (FHA|USDA|VA) | 35 | $3,305,000 | $94,429 | $613 | 7.26% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 13 | $1,985,000 | $152,692 | $552 | 6.73% |
| LANCASTER, PA (FHA|USDA|VA) | 15 | $1,875,000 | $125,000 | $496 | 6.64% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 23 | $1,515,000 | $65,870 | $0 | 7.16% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $1,180 | 6.87% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $1,235,000 | $112,273 | $1,167 | 6.89% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 13 | $1,225,000 | $94,231 | $948 | 6.60% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 13 | $1,215,000 | $93,462 | $0 | 7.01% |
| DOVER, DE (FHA|USDA|VA) | 11 | $1,025,000 | $93,182 | $0 | 7.22% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $281 | 6.37% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 9 | $1,005,000 | $111,667 | $570 | 6.84% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $921 | 6.72% |
| Outside of Metro Areas | 5 | $745,000 | $149,000 | $1,626 | 6.72% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 6.62% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $2,016 | 6.96% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,959 | 6.31% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,204 | 6.79% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $83 | 6.74% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 7.16% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,556 | 6.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $0 | 6.80% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 7.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 6.91% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.13% |
| Sayre, PA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 6.74% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 7.37% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.75% |
| OCALA, FL (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $0 | 6.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| Somerset, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.74% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.99% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.74% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.99% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
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.
Similarity Rank: 82
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4,365 | $404,775,000 | $92,732 | $207 | 6.70% |
| HELOC | 2,266 | $237,340,000 | $104,740 | n/a | 7.54% |
For 2024, Police & Fire's most frequently originated type of loan was Conventional, with 4,365 originations. Their 2nd most popular type was HELOC, with 2,266 originations.
Loan Reason
For 2024, Police & Fire's most frequently cited loan purpose was Cash Out Refi, with 4,251 originations. The 2nd most popular reason was Home Improvement, with 2,133 originations.
Loan Duration/Length
For 2024, Police & Fire's most frequently cited loan duration was 20 Year, with 2,848 originations. The 2nd most popular length was 15 Year, with 2,147 originations.
Origination Fees/Closing Costs
Police & Fire's average total fees were $3,063, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,294 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,233 | $280,455,000 | $86,748 |
| 7-8% | 2,642 | $258,540,000 | $97,858 |
| 5-6% | 631 | $96,635,000 | $153,146 |
| Over 8% | 124 | $6,010,000 | $48,468 |
| 4-5% | 1 | $475,000 | $475,000 |
During 2024, Police & Fire's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 3,233 originations.
Loan Sizing
2024 saw Police & Fire place emphasis on $100,000 or less loans with 4,469 originations, totaling $230,355,000 in origination value.
Applicant Income
Police & Fire lent most frequently to those with incomes in the $150k-250k range, with 2,077 originations. The second most popular income band? $100k-150k, with 2,007 originations.
Applicant Debt to Income Ratio
Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 1,633 originations. The next most common DTI ratio? 30-36%, with 1,543 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.39%
Police & Fire has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination83.22%
Police & Fire has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,631 | $642,115,000 | $96,835 |