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 small 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, New York, Atlantic City, and Allentown among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)Police & Fire has an 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
10,468Origination Dollar Volume (All Markets)
$1,805,900,000Awards
POLICE & FIRE - 2020
POLICE & FIRE is a 2020 , due to their low .
For 2020, 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) | 9,433 | $1,597,415,000 | $169,343 | $407 | 3.43% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 327 | $77,115,000 | $235,826 | $570 | 3.12% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 150 | $36,770,000 | $245,133 | $391 | 3.30% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 127 | $24,105,000 | $189,803 | $769 | 3.17% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 66 | $11,840,000 | $179,394 | $597 | 3.15% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 35 | $7,845,000 | $224,143 | $446 | 3.39% |
| READING, PA (FHA|USDA|VA) | 42 | $6,250,000 | $148,810 | $261 | 3.73% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 28 | $5,040,000 | $180,000 | $628 | 3.31% |
| LANCASTER, PA (FHA|USDA|VA) | 26 | $4,580,000 | $176,154 | $714 | 3.12% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 36 | $4,250,000 | $118,056 | $220 | 3.36% |
| DOVER, DE (FHA|USDA|VA) | 24 | $3,430,000 | $142,917 | $480 | 3.44% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 14 | $2,770,000 | $197,857 | $343 | 3.03% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $2,685,000 | $206,538 | $332 | 3.14% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 21 | $2,445,000 | $116,429 | $456 | 3.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $2,230,000 | $139,375 | $354 | 3.16% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $1,835,000 | $141,154 | $1,227 | 3.18% |
| PITTSBURGH, PA (FHA|USDA|VA) | 12 | $1,720,000 | $143,333 | $111 | 2.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $1,609 | 3.14% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $1,854 | 2.96% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $1,100 | 3.51% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $1,155,000 | $128,333 | $526 | 3.18% |
| Outside of Metro Areas | 10 | $1,110,000 | $111,000 | $1,193 | 3.51% |
| THE VILLAGES, FL (FHA|USDA|VA) | 7 | $995,000 | $142,143 | $11 | 3.62% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $0 | 3.54% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 2.92% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $1,278 | 3.29% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 3.04% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,708 | 3.06% |
| Pottsville, PA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $1,000 | 3.09% |
| Key West, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,851 | 2.75% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $114 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,633 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,310 | 3.38% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,268 | 3.19% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.75% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $995 | 3.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,609 | 3.63% |
| New Castle, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,245 | 3.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $75 | 2.75% |
| DuBois, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.13% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.74% |
| Sayre, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.24% |
| OCALA, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.49% |
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 | 9,457 | $1,720,895,000 | $181,970 | $423 | 3.42% |
| HELOC | 1,011 | $85,005,000 | $84,080 | n/a | 3.25% |
For 2020, Police & Fire's most frequently originated type of loan was Conventional, with 9,457 originations. Their 2nd most popular type was HELOC, with 1,011 originations.
Loan Reason
For 2020, Police & Fire's most frequently cited loan purpose was Cash Out Refi, with 4,531 originations. The 2nd most popular reason was Refi, with 4,255 originations.
Loan Duration/Length
For 2020, Police & Fire's most frequently cited loan duration was 20 Year, with 4,157 originations. The 2nd most popular length was 15 Year, with 3,521 originations.
Origination Fees/Closing Costs
Police & Fire's average total fees were $2,131, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9,258 originations.
Interest Rates
During 2020, Police & Fire's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 2.5-3%, with 5,527 originations.
Loan Sizing
2020 saw Police & Fire place emphasis on $100k-200k loans with 3,821 originations, totaling $568,445,000 in origination value.
Applicant Income
Police & Fire lent most frequently to those with incomes in the $100k-150k range, with 3,079 originations. The second most popular income band? $150k-250k, with 2,317 originations.
Applicant Debt to Income Ratio
Police & Fire lent most frequently to those with DTI ratios of 20-30%, with 3,046 originations. The next most common DTI ratio? 30-36%, with 2,167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.63%
Police & Fire has a below average approval rate.
Pick Rate
Approvals leading to origination80.94%
Police & Fire has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| NA | 10,467 | $1,805,865,000 | $172,529 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 10,468 | $1,805,900,000 | $172,516 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pluese, Becker & Saltzman, LLC | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |