Police & Fire Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 54930063XGNMIXS57091

Tax ID: 23-1343988

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Refi, and Home Purchase 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 25 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% 4/21/24
    30 Year Conventional Purchase 6.55% 4/21/24
    30 Year Conventional Refi 6.35% 4/21/24
    30 Year Cash-out Refi 6.45% 4/21/24
    15 Year Conventional Purchase 5.69% 4/21/24
    15 Year Conventional Refi 5.89% 4/21/24
    15 Year Cash-out Refi 5.89% 4/21/24
    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

    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

    5,167

    Origination Dollar Volume (All Markets)

    $527,775,000

    Awards

    POLICE & FIRE 30 Year Conventional Loans gold
    Show all (1) awards

    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) 4,903 $494,125,000 $100,780 $598 4.86%
    OCEAN CITY, NJ (FHA|USDA|VA) 92 $13,240,000 $143,913 $1,130 4.48%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 32 $5,040,000 $157,500 $613 4.70%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 33 $4,695,000 $142,273 $829 4.51%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 21 $1,875,000 $89,286 $671 4.57%
    READING, PA (FHA|USDA|VA) 13 $1,225,000 $94,231 $326 4.45%
    SALISBURY, MD-DE (FHA|USDA|VA) 11 $1,165,000 $105,909 $1,089 4.99%
    LANCASTER, PA (FHA|USDA|VA) 9 $925,000 $102,778 $811 4.48%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $875,000 $125,000 $1,343 4.48%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 8 $600,000 $75,000 $0 5.43%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $580,000 $96,667 $2,057 4.79%
    DOVER, DE (FHA|USDA|VA) 4 $550,000 $137,500 $249 4.90%
    LEBANON, PA (FHA|USDA|VA) 3 $525,000 $175,000 $0 5.25%
    Outside of Metro Areas 5 $475,000 $95,000 $23 4.99%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $415,000 $83,000 $1,796 4.62%
    Pottsville, PA (FHA|USDA|VA) 3 $265,000 $88,333 $1,280 4.54%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $265,000 $88,333 $994 5.54%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $250,000 $125,000 $1,607 4.12%
    Lewistown, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,089 3.88%
    Bradford, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.75%
    Selinsgrove, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,324 4.00%
    Sunbury, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.99%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.00%
    Police & Fire's top markets include Philadelphia, Ocean City, New York, Atlantic City, and Allentown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (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: 55
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Haddon Savings Bank
    Similarity Rank: 116
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,229 $457,255,000 $108,124 $614 5.01%
    HELOC 938 $70,520,000 $75,181 n/a 4.09%

    For 2018, Police & Fire's most frequently originated type of loan was Conventional, with 4,229 originations. Their 2nd most popular type was HELOC, with 938 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,240 $142,590,000 $63,656 $67 5.05%
    Refi 1,323 $209,165,000 $158,099 $574 4.51%
    Home Improvement 1,033 $50,925,000 $49,298 $4 4.94%
    Home Purchase 567 $124,905,000 $220,291 $3,123 4.63%
    Other 4 $190,000 $47,500 $0 4.77%

    For 2018, Police & Fire's most frequently cited loan purpose was Cash Out Refi, with 2,240 originations. The 2nd most popular reason was Refi, with 1,323 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,499 $149,155,000 $99,503 $322 4.38%
    15 Year 1,384 $119,580,000 $86,402 $176 5.35%
    10 Year 938 $43,180,000 $46,034 $39 5.16%
    30 Year 861 $190,805,000 $221,609 $2,324 4.53%
    5 Year 406 $12,620,000 $31,084 $3 4.83%
    Other 79 $12,435,000 $157,405 $1,269 4.62%

    For 2018, Police & Fire's most frequently cited loan duration was 20 Year, with 1,499 originations. The 2nd most popular length was 15 Year, with 1,384 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,053 $431,795,000 $106,537
    $1k-2k 71 $14,635,000 $206,127
    $2k-3k 6 $1,540,000 $256,667
    $3k-4k 4 $1,220,000 $305,000
    $4k-5k 2 $600,000 $300,000
    $5k+ 1 $325,000 $325,000

    Police & Fire's average total fees were $2,324, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,053 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 3,187 $363,125,000 $113,939
    3-4% 874 $104,580,000 $119,657
    6-7% 574 $21,190,000 $36,916
    5-6% 302 $31,110,000 $103,013
    7-8% 229 $7,755,000 $33,865
    Over 8% 1 $15,000 $15,000

    During 2018, Police & Fire's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 3,187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,202 $136,670,000 $42,683 $70 5.10%
    $100k-200k 1,174 $168,600,000 $143,612 $930 4.40%
    $200k-400k 743 $198,145,000 $266,682 $2,016 4.48%
    $400k-600k 39 $17,835,000 $457,308 $2,013 4.34%
    $600k-1MM 8 $5,500,000 $687,500 $3,092 4.39%
    $1MM+ 1 $1,025,000 $1,025,000 $995 4.00%

    2018 saw Police & Fire place emphasis on $100,000 or less loans with 3,202 originations, totaling $136,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,453 $155,435,000 $106,975 $649 4.93%
    $75k-100k 1,063 $108,375,000 $101,952 $616 4.87%
    $50k-75k 1,022 $94,510,000 $92,476 $686 4.80%
    $150k-250k 866 $104,950,000 $121,189 $602 4.86%
    $50k or less 619 $40,325,000 $65,145 $452 4.74%
    $250k+ 144 $24,180,000 $167,917 $512 4.60%

    Police & Fire lent most frequently to those with incomes in the $100k-150k range, with 1,453 originations. The second most popular income band? $75k-100k, with 1,063 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,370 $128,610,000 $93,876 $564 4.76%
    30-36% 1,133 $112,885,000 $99,634 $625 4.95%
    <20% 450 $31,030,000 $68,956 $326 4.58%
    42% 319 $28,355,000 $88,887 $379 5.11%
    40% 223 $21,305,000 $95,538 $544 5.14%
    37% 211 $20,345,000 $96,422 $464 4.99%
    38% 210 $20,270,000 $96,524 $429 5.07%
    39% 207 $18,455,000 $89,155 $410 5.04%
    36% 203 $21,405,000 $105,443 $687 4.97%
    41% 201 $18,455,000 $91,816 $573 5.01%
    43% 104 $15,480,000 $148,846 $1,204 4.54%
    46% 89 $15,275,000 $171,629 $1,412 4.54%
    44% 79 $14,825,000 $187,658 $1,063 4.45%
    45% 78 $10,790,000 $138,333 $1,007 4.55%
    49% 71 $13,645,000 $192,183 $1,204 4.47%
    48% 69 $13,175,000 $190,942 $1,107 4.62%
    47% 68 $11,960,000 $175,882 $1,543 4.54%
    50-60% 59 $9,075,000 $153,814 $961 4.42%
    >60% 11 $1,575,000 $143,182 $299 4.92%

    Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 1,370 originations. The next most common DTI ratio? 30-36%, with 1,133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,179 $337,495,000 $106,164 $642 4.82%
    Not provided 1,276 $136,260,000 $106,787 $723 4.83%
    Black 652 $47,570,000 $72,960 $340 5.00%
    Asian 38 $4,990,000 $131,316 $375 4.83%
    American Indian 12 $970,000 $80,833 $92 5.24%
    Native Hawaiian or Islander 10 $490,000 $49,000 $111 5.60%

    Approval Rates

    Total approvals of all applications
    62.49%

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

    Pick Rate

    Approvals leading to origination
    73.66%

    Police & Fire has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 3 $165,000 $55,000
    NA 5,164 $527,610,000 $102,171

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 5,167 $527,775,000 $102,143

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 951 $69,005,000 $72,560 $134 4.80%
    40-60% 519 $65,735,000 $126,657 $606 4.40%
    60-80% 1,026 $193,440,000 $188,538 $1,029 4.43%
    80-100% 580 $127,370,000 $219,603 $2,202 4.68%
    Under 20% 2,091 $72,225,000 $34,541 $3 5.23%