Police & Fire Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 54930063XGNMIXS57091

Tax ID: 23-1343988

5 stars - out of 5 stars, based on 88 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 40 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 3/31/23
    30 Year Conventional Purchase 6.55% 3/31/23
    30 Year Conventional Refi 6.35% 3/31/23
    30 Year Cash-out Refi 6.45% 3/31/23
    15 Year Conventional Purchase 5.69% 3/31/23
    15 Year Conventional Refi 5.89% 3/31/23
    15 Year Cash-out Refi 5.89% 3/31/23
    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.


    Originations

    7,754

    Origination Dollar Volume (All Markets)

    $820,700,000
    Show all (5) awards

    Relative Rate

    Police & Fire's average 30 year fixed mortgage rate was 4.13%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.63%.

    Relative Fees (Closing Costs)

    Police & Fire's average total fees/closing costs for a 30 year fixed rate mortgage were $2,439.

    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 $4,750.

    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) 7,016 $723,850,000 $103,171 $431 4.35%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 145 $20,465,000 $141,138 $722 4.32%
    OCEAN CITY, NJ (FHA|USDA|VA) 124 $19,230,000 $155,081 $582 4.10%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 114 $13,030,000 $114,298 $636 4.48%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 62 $6,890,000 $111,129 $762 4.51%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 36 $4,100,000 $113,889 $731 4.30%
    READING, PA (FHA|USDA|VA) 38 $3,550,000 $93,421 $689 4.76%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 29 $3,295,000 $113,621 $526 4.15%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $2,585,000 $172,333 $1,951 4.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $2,240,000 $160,000 $1,962 4.33%
    LANCASTER, PA (FHA|USDA|VA) 15 $1,905,000 $127,000 $763 4.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 11 $1,855,000 $168,636 $428 4.33%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $1,470,000 $183,750 $2,019 3.81%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,360,000 $170,000 $1,761 4.70%
    Outside of Metro Areas 6 $1,340,000 $223,333 $4,355 4.94%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $1,330,000 $166,250 $1,340 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $1,290,000 $161,250 $1,982 4.48%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,225,000 $136,111 $1,243 4.54%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 10 $1,170,000 $117,000 $1,338 3.99%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,215 4.27%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $880,000 $220,000 $2,755 4.87%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 13 $805,000 $61,923 $412 4.47%
    DOVER, DE (FHA|USDA|VA) 7 $755,000 $107,857 $518 4.21%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 8 $700,000 $87,500 $725 3.93%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 4 $600,000 $150,000 $0 4.68%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $600,000 $150,000 $200 4.49%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $530,000 $66,250 $593 4.29%
    OCALA, FL (FHA|USDA|VA) 5 $505,000 $101,000 $1,198 4.37%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $410,000 $205,000 $2,316 5.06%
    LEBANON, PA (FHA|USDA|VA) 2 $400,000 $200,000 $498 3.75%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $315,000 $105,000 $1,073 5.49%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $280,000 $140,000 $1,766 3.81%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $180,000 $90,000 $0 2.99%
    Sunbury, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.75%
    Pottsville, PA (FHA|USDA|VA) 3 $105,000 $35,000 $0 4.99%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.49%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
    Lake City, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.74%
    Selinsgrove, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.99%
    Oil City, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.24%
    Police & Fire's top markets include Philadelphia, New York, Ocean City, Atlantic City, and Allentown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • 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.

    N C P D Federal Credit Union
    Similarity Rank: 306
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 326
    Louviers Federal Credit Union
    Similarity Rank: 328
    Schuyler Savings Bank
    Similarity Rank: 352
    The First National Bank of Long Island
    Similarity Rank: 374
    KS StateBank
    Similarity Rank: 550
    The Atlantic Federal Credit Union
    Similarity Rank: 588
    U S WIDE FINANCIAL LLC
    Similarity Rank: 624
    BHCU
    Similarity Rank: 728
    FEDERATED LENDING CORPORATION
    Similarity Rank: 905

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,117 $560,405,000 $109,518 $472 4.59%
    HELOC 2,637 $260,295,000 $98,709 n/a 3.89%

    For 2022, Police & Fire's most frequently originated type of loan was Conventional, with 5,117 originations. Their 2nd most popular type was HELOC, with 2,637 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 4,325 $463,155,000 $107,088 $244 4.39%
    Home Improvement 2,757 $200,415,000 $72,693 $2 4.36%
    Home Purchase 349 $97,125,000 $278,295 $4,102 4.81%
    Refi 323 $60,005,000 $185,774 $802 3.29%

    For 2022, Police & Fire's most frequently cited loan purpose was Cash Out Refi, with 4,325 originations. The 2nd most popular reason was Home Improvement, with 2,757 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 3,267 $322,145,000 $98,606 $158 4.10%
    15 Year 1,905 $192,475,000 $101,037 $103 4.70%
    10 Year 1,364 $74,500,000 $54,619 $13 4.54%
    30 Year 862 $217,200,000 $251,972 $2,439 4.13%
    5 Year 329 $12,055,000 $36,641 $0 4.67%
    Other 26 $2,300,000 $88,462 $340 4.19%
    3 Year 1 $25,000 $25,000 $0 3.99%

    For 2022, Police & Fire's most frequently cited loan duration was 20 Year, with 3,267 originations. The 2nd most popular length was 15 Year, with 1,905 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,965 $525,525,000 $105,846
    $1k-2k 64 $16,940,000 $264,688
    $2k-3k 23 $6,315,000 $274,565
    $3k-4k 12 $2,750,000 $229,167
    $5k+ 8 $2,530,000 $316,250
    $4k-5k 7 $2,155,000 $307,857

    Police & Fire's average total fees were $2,439, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,965 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,229 $219,215,000 $98,347
    3-4% 2,068 $222,040,000 $107,369
    2.5-3% 1,432 $188,100,000 $131,355
    5-6% 1,426 $127,070,000 $89,109
    6-7% 419 $40,335,000 $96,265
    7-8% 101 $6,075,000 $60,149
    <2.5% 75 $17,635,000 $235,133
    Over 8% 4 $230,000 $57,500

    During 2022, Police & Fire's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 4-5%, with 2,229 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,860 $240,890,000 $49,566 $21 4.52%
    $100k-200k 1,735 $232,645,000 $134,089 $622 4.13%
    $200k-400k 1,000 $268,810,000 $268,810 $1,846 4.00%
    $400k-600k 137 $63,145,000 $460,912 $2,773 4.02%
    $600k-1MM 21 $14,135,000 $673,095 $2,616 3.59%
    $1MM+ 1 $1,075,000 $1,075,000 $0 2.63%

    2022 saw Police & Fire place emphasis on $100,000 or less loans with 4,860 originations, totaling $240,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,361 $236,785,000 $100,290 $453 4.41%
    $150k-250k 1,974 $233,270,000 $118,171 $404 4.36%
    $75k-100k 1,326 $126,370,000 $95,302 $482 4.35%
    $50k-75k 1,042 $90,800,000 $87,140 $589 4.30%
    $250k+ 573 $100,595,000 $175,558 $424 4.30%
    $50k or less 476 $32,160,000 $67,563 $548 4.22%

    Police & Fire lent most frequently to those with incomes in the $100k-150k range, with 2,361 originations. The second most popular income band? $150k-250k, with 1,974 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,031 $197,495,000 $97,240 $411 4.26%
    30-36% 1,745 $179,995,000 $103,149 $413 4.41%
    <20% 685 $73,635,000 $107,496 $453 4.10%
    42% 538 $49,780,000 $92,528 $181 4.64%
    41% 388 $38,530,000 $99,304 $405 4.42%
    37% 372 $36,400,000 $97,849 $357 4.45%
    39% 351 $31,965,000 $91,068 $308 4.64%
    38% 349 $35,905,000 $102,880 $407 4.53%
    40% 341 $36,215,000 $106,202 $435 4.59%
    36% 304 $32,940,000 $108,355 $548 4.45%
    43% 129 $21,155,000 $163,992 $1,366 4.18%
    44% 106 $16,830,000 $158,774 $1,009 3.97%
    45% 95 $14,585,000 $153,526 $1,543 3.93%
    49% 76 $13,870,000 $182,500 $1,334 4.01%
    47% 76 $12,460,000 $163,947 $1,804 3.82%
    46% 75 $13,435,000 $179,133 $1,848 3.90%
    48% 63 $11,235,000 $178,333 $1,795 3.99%
    50-60% 25 $3,255,000 $130,200 $639 4.48%
    >60% 3 $715,000 $238,333 $995 3.71%

    Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 2,031 originations. The next most common DTI ratio? 30-36%, with 1,745 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,148 $547,850,000 $106,420 $460 4.40%
    Not provided 1,546 $175,350,000 $113,422 $552 4.09%
    Black 885 $74,895,000 $84,627 $415 4.51%
    Asian 137 $19,385,000 $141,496 $658 4.43%
    American Indian 22 $1,820,000 $82,727 $240 4.54%
    Native Hawaiian or Islander 12 $760,000 $63,333 $142 4.88%
    Asian Indian 2 $340,000 $170,000 $0 4.12%
    Chinese 1 $255,000 $255,000 $0 4.75%
    Other Pacific Islander 1 $45,000 $45,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    69.19%

    Police & Fire has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    84.45%

    Police & Fire has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,754 $820,700,000 $105,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,754 $820,700,000 $105,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,859 $203,405,000 $109,416 $160 4.39%
    40-60% 730 $131,470,000 $180,096 $705 3.89%
    60-80% 789 $198,765,000 $251,920 $1,559 3.84%
    80-100% 279 $80,945,000 $290,125 $3,183 4.46%
    Under 20% 4,097 $206,115,000 $50,309 $2 4.51%