Police & Fire Mortgage Rates, Fees & Info
Philadelphia, PALEI: 54930063XGNMIXS57091
Tax ID: 23-1343988
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Police & Fire is a small mortgage company specializing in Cash Out Refi and Refi loans. Police & Fire has a high proportion of conventional loans. Their top markets include Philadelphia, Ocean City, Atlantic City, New York, and Allentown among others. Police & Fire has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Police & Fire is typically a low fee lendor.Originations
10,773Origination Dollar Volume (All Markets)
$1,749,495,000Awards
POLICE & FIRE - 2021
POLICE & FIRE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Police & Fire's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
Police & Fire's average total fees for a 30 year fixed rate
mortgage are $2,439.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9,632 | $1,532,500,000 | $159,105 | $496 | 3.17% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 286 | $67,210,000 | $235,000 | $814 | 2.93% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 192 | $34,950,000 | $182,031 | $366 | 2.95% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 166 | $32,780,000 | $197,470 | $464 | 3.23% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 94 | $15,570,000 | $165,638 | $584 | 2.97% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 43 | $7,375,000 | $171,512 | $438 | 3.17% |
| READING, PA (FHA|USDA|VA) | 46 | $7,120,000 | $154,783 | $575 | 3.33% |
| LANCASTER, PA (FHA|USDA|VA) | 34 | $5,590,000 | $164,412 | $621 | 2.95% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 36 | $4,700,000 | $130,556 | $251 | 3.27% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 12 | $4,350,000 | $362,500 | $1,689 | 2.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 28 | $4,160,000 | $148,571 | $1,203 | 3.13% |
| DOVER, DE (FHA|USDA|VA) | 29 | $4,035,000 | $139,138 | $866 | 3.57% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 19 | $3,425,000 | $180,263 | $1,019 | 2.87% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 21 | $3,135,000 | $149,286 | $218 | 3.10% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 12 | $2,550,000 | $212,500 | $1,321 | 2.95% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,250,000 | $225,000 | $918 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 17 | $2,085,000 | $122,647 | $741 | 3.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $1,875,000 | $170,455 | $632 | 3.15% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,615,000 | $230,714 | $1,447 | 2.91% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $1,377 | 2.87% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $1,265,000 | $140,556 | $355 | 3.12% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $1,910 | 3.06% |
| Outside of Metro Areas | 10 | $1,110,000 | $111,000 | $461 | 3.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $1,090,000 | $136,250 | $488 | 3.22% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $2,155 | 2.90% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $1,673 | 2.94% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 3.60% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 2.88% |
| LEBANON, PA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $883 | 3.06% |
| Key West, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 2.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,361 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $38 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.63% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 3.45% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.88% |
| Sayre, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.99% |
| Pottsville, PA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $1,440 | 3.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 2.81% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $75 | 2.63% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.74% |
| Oil City, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,205 | 3.25% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.99% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.99% |
Police & Fire's top markets include Philadelphia, Ocean City, Atlantic City, New York, and Allentown among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 10,773 | $1,749,495,000 | $162,396 | $512 | 3.16% |
For the 2021 period, Police & Fire's most frequently originated loan type of loans were Conventional, with 10,773 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 5,559 | $921,735,000 | $165,809 | $384 | 3.16% |
| Refi | 2,981 | $603,165,000 | $202,336 | $411 | 2.78% |
| Home Improvement | 1,799 | $109,955,000 | $61,120 | $0 | 3.82% |
| Home Purchase | 434 | $114,640,000 | $264,147 | $3,795 | 3.04% |
For the 2021, Police & Fire's most frequently cited loan purpose of loans were Cash Out Refi, with 5,559 originations. The 2nd most popular reason of loans were Refi, with 2,981 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 4,244 | $697,100,000 | $164,255 | $168 | 3.03% |
| 15 Year | 3,426 | $567,640,000 | $165,686 | $231 | 3.11% |
| 10 Year | 1,448 | $122,870,000 | $84,855 | $153 | 3.59% |
| 30 Year | 1,314 | $342,130,000 | $260,373 | $2,439 | 3.01% |
| 5 Year | 277 | $9,965,000 | $35,975 | $16 | 4.21% |
| Other | 61 | $9,725,000 | $159,426 | $676 | 2.94% |
| 3 Year | 3 | $65,000 | $21,667 | $0 | 3.99% |
For the 2021, Police & Fire's most frequently cited loan length of loans were 20 Year, with 4,244 originations. The 2nd most popular length of loans were 15 Year, with 3,426 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 9,043 | $1,567,045,000 | $173,288 |
| $1k-2k | 116 | $28,290,000 | $243,879 |
| $2k-3k | 29 | $9,055,000 | $312,241 |
| $3k-4k | 10 | $3,110,000 | $311,000 |
| $5k+ | 4 | $1,220,000 | $305,000 |
$2,439 of loans were Police & Fire's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 9,043 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 6,171 | $1,137,905,000 | $184,396 |
| 3-4% | 2,163 | $261,945,000 | $121,103 |
| <2.5% | 1,413 | $295,685,000 | $209,260 |
| 4-5% | 452 | $24,050,000 | $53,208 |
| 5-6% | 423 | $24,325,000 | $57,506 |
| 6-7% | 151 | $5,585,000 | $36,987 |
During 2021, Police & Fire's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 6,171 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 3,736 | $548,100,000 | $146,708 | $450 | 2.83% |
| $100,000 or less | 3,503 | $171,425,000 | $48,937 | $64 | 3.85% |
| $200k-400k | 3,190 | $851,780,000 | $267,016 | $825 | 2.82% |
| $400k-600k | 290 | $133,850,000 | $461,552 | $1,484 | 2.84% |
| $600k-1MM | 47 | $34,395,000 | $731,809 | $1,541 | 2.70% |
| $1MM+ | 7 | $9,945,000 | $1,420,714 | $5,099 | 2.91% |
2021 saw Police & Fire place emphasis on $100k-200k loans with 3,736 originations, totaling $548,100,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 3,154 | $527,370,000 | $167,207 | $468 | 3.19% |
| $150k-250k | 2,374 | $447,190,000 | $188,370 | $439 | 3.20% |
| $75k-100k | 2,148 | $320,050,000 | $148,999 | $549 | 3.14% |
| $50k-75k | 1,833 | $234,805,000 | $128,099 | $557 | 3.12% |
| $50k or less | 754 | $74,280,000 | $98,515 | $575 | 3.15% |
| $250k+ | 510 | $145,800,000 | $285,882 | $710 | 3.03% |
Police & Fire lent most frequently to those with incomes in the $100k-150k range, with 3,154 originations. The second most popular income band? $150k-250k, with 2,374 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 3,094 | $508,400,000 | $164,318 | $492 | 3.07% |
| 30-36% | 2,306 | $363,940,000 | $157,823 | $524 | 3.23% |
| <20% | 1,147 | $179,385,000 | $156,395 | $386 | 2.94% |
| 42% | 524 | $71,010,000 | $135,515 | $391 | 3.58% |
| 38% | 407 | $60,855,000 | $149,521 | $513 | 3.33% |
| 40% | 406 | $61,090,000 | $150,468 | $558 | 3.50% |
| 36% | 405 | $60,485,000 | $149,346 | $451 | 3.39% |
| 37% | 404 | $59,810,000 | $148,045 | $549 | 3.27% |
| 41% | 385 | $56,745,000 | $147,390 | $492 | 3.42% |
| 39% | 370 | $52,690,000 | $142,405 | $446 | 3.41% |
| 43% | 233 | $48,095,000 | $206,416 | $818 | 2.94% |
| 44% | 222 | $45,230,000 | $203,739 | $647 | 2.86% |
| 45% | 202 | $40,200,000 | $199,010 | $543 | 2.81% |
| 49% | 171 | $36,035,000 | $210,731 | $806 | 2.85% |
| 47% | 157 | $35,335,000 | $225,064 | $792 | 2.83% |
| 46% | 156 | $30,630,000 | $196,346 | $681 | 2.83% |
| 48% | 147 | $31,405,000 | $213,639 | $593 | 2.81% |
| 50-60% | 33 | $7,055,000 | $213,788 | $561 | 2.88% |
| >60% | 3 | $755,000 | $251,667 | $332 | 2.88% |
Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 3,094 originations. The next most common DTI ratio? 30-36%, with 2,306 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7,206 | $1,188,970,000 | $164,997 | $491 | 3.17% |
| Not provided | 2,349 | $410,995,000 | $174,966 | $594 | 2.99% |
| Black | 962 | $105,720,000 | $109,896 | $485 | 3.45% |
| Asian | 208 | $37,450,000 | $180,048 | $490 | 3.08% |
| American Indian | 19 | $2,185,000 | $115,000 | $537 | 3.58% |
| Asian Indian | 8 | $2,150,000 | $268,750 | $922 | 2.66% |
| Native Hawaiian | 18 | $1,610,000 | $89,444 | $240 | 4.25% |
| Chinese | 1 | $215,000 | $215,000 | $0 | 2.38% |
| Other Asian | 1 | $165,000 | $165,000 | $0 | 2.38% |
| Other Pacific Islander | 1 | $35,000 | $35,000 | $0 | 4.74% |
Approval Rates
Total approvals of all applications70.46%
Police & Fire has a below average approval rate.
Pick Rate
Approvals leading to origination79.63%
Police & Fire has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10,773 | $1,749,495,000 | $162,396 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10,773 | $1,749,495,000 | $162,396 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,682 | $182,140,000 | $108,288 | $220 | 3.30% |
| 40-60% | 2,171 | $389,525,000 | $179,422 | $422 | 2.78% |
| 60-80% | 3,686 | $872,310,000 | $236,655 | $621 | 2.81% |
| 80-100% | 702 | $191,920,000 | $273,390 | $1,934 | 3.05% |
| Under 20% | 2,531 | $113,495,000 | $44,842 | $17 | 3.93% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pluese, Becker & Saltzman, LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
