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 and Refi loans. Police & Fire has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Atlantic City, New York, and Allentown among others. We have data for 33 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
6,586Origination Dollar Volume (All Markets)
$844,620,000Awards
POLICE & FIRE - 2019
POLICE & FIRE is a 2019 , due to their low .
For 2019, 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) | 6,138 | $774,130,000 | $126,121 | $555 | 4.40% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 135 | $25,125,000 | $186,111 | $1,219 | 3.96% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 73 | $11,925,000 | $163,356 | $774 | 4.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 54 | $9,040,000 | $167,407 | $746 | 4.19% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 39 | $4,595,000 | $117,821 | $921 | 4.27% |
| READING, PA (FHA|USDA|VA) | 27 | $4,055,000 | $150,185 | $1,017 | 4.62% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 16 | $3,200,000 | $200,000 | $774 | 3.79% |
| LANCASTER, PA (FHA|USDA|VA) | 15 | $2,175,000 | $145,000 | $851 | 4.32% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 14 | $2,080,000 | $148,571 | $471 | 4.57% |
| DOVER, DE (FHA|USDA|VA) | 13 | $1,615,000 | $124,231 | $520 | 4.26% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 13 | $1,285,000 | $98,846 | $1,297 | 3.66% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $1,832 | 3.72% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 10 | $820,000 | $82,000 | $12 | 4.60% |
| Outside of Metro Areas | 3 | $535,000 | $178,333 | $1,892 | 3.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $25 | 3.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $1,363 | 3.81% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $1,098 | 3.42% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $114 | 3.13% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $498 | 4.18% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,882 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $75 | 3.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $75 | 3.63% |
| Somerset, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,941 | 4.38% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 4.80% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 4.62% |
| Sayre, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.70% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.10% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.74% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.49% |
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 | 5,510 | $753,230,000 | $136,702 | $581 | 4.44% |
| HELOC | 1,076 | $91,390,000 | $84,935 | n/a | 4.08% |
For 2019, Police & Fire's most frequently originated type of loan was Conventional, with 5,510 originations. Their 2nd most popular type was HELOC, with 1,076 originations.
Loan Reason
For 2019, Police & Fire's most frequently cited loan purpose was Cash Out Refi, with 3,542 originations. The 2nd most popular reason was Refi, with 1,206 originations.
Loan Duration/Length
For 2019, Police & Fire's most frequently cited loan duration was 20 Year, with 2,200 originations. The 2nd most popular length was 15 Year, with 1,967 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5,356 | $728,310,000 | $135,980 |
| $1k-2k | 53 | $12,005,000 | $226,509 |
| $2k-3k | 8 | $1,770,000 | $221,250 |
| $4k-5k | 2 | $650,000 | $325,000 |
Police & Fire's average total fees were $2,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,356 originations.
Interest Rates
During 2019, Police & Fire's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 4-5%, with 2,549 originations.
Loan Sizing
2019 saw Police & Fire place emphasis on $100,000 or less loans with 3,243 originations, totaling $145,635,000 in origination value.
Applicant Income
Police & Fire lent most frequently to those with incomes in the $100k-150k range, with 1,895 originations. The second most popular income band? $75k-100k, with 1,342 originations.
Applicant Debt to Income Ratio
Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 1,735 originations. The next most common DTI ratio? 30-36%, with 1,416 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.29%
Police & Fire has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination76.16%
Police & Fire has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $40,000 | $20,000 |
| NA | 6,584 | $844,580,000 | $128,278 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 6,586 | $844,620,000 | $128,245 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pluese, Becker & Saltzman, LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |