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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
30 Year Conventional Purchase | 6.55% | 12/16/24 |
30 Year Conventional Refi | 6.35% | 12/16/24 |
30 Year Cash-out Refi | 6.45% | 12/16/24 |
15 Year Conventional Purchase | 5.69% | 12/16/24 |
15 Year Conventional Refi | 5.89% | 12/16/24 |
15 Year Cash-out Refi | 5.89% | 12/16/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,167Origination Dollar Volume (All Markets)
$527,775,000POLICE & FIRE - 2018
POLICE & FIRE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications62.49%
Police & Fire has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.66%
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 |