Police & Fire Mortgage Rates, Fees & Info
Philadelphia, PALEI: 54930063XGNMIXS57091
Tax ID: 23-1343988
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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 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% | 9/18/23 |
| 30 Year Conventional Purchase | 6.55% | 9/18/23 |
| 30 Year Conventional Refi | 6.35% | 9/18/23 |
| 30 Year Cash-out Refi | 6.45% | 9/18/23 |
| 15 Year Conventional Purchase | 5.69% | 9/18/23 |
| 15 Year Conventional Refi | 5.89% | 9/18/23 |
| 15 Year Cash-out Refi | 5.89% | 9/18/23 |
| 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. | ||
Police & Fire Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Police & Fire. It uses our SimulatedRate™
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
7,754Origination Dollar Volume (All Markets)
$820,700,000Awards
POLICE & FIRE - 2022
POLICE & FIRE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for POLICE & FIRE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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% |
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: 306
Similarity Rank: 326
Similarity Rank: 328
Similarity Rank: 352
Similarity Rank: 374
Similarity Rank: 550
Similarity Rank: 588
Similarity Rank: 624
Similarity Rank: 728
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications69.19%
Police & Fire has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination84.45%
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 |