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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 5/5/24 |
| 30 Year Conventional Purchase | 6.55% | 5/5/24 |
| 30 Year Conventional Refi | 6.35% | 5/5/24 |
| 30 Year Cash-out Refi | 6.45% | 5/5/24 |
| 15 Year Conventional Purchase | 5.69% | 5/5/24 |
| 15 Year Conventional Refi | 5.89% | 5/5/24 |
| 15 Year Cash-out Refi | 5.89% | 5/5/24 |
| 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
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.
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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) | 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.
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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 |