Crossfire Financial Network Mortgage Rates, Fees & Info
HOMESTEAD, FLLEI: 54930064IXFLV6MQAL59
Tax ID: 65-0447670
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Crossfire Financial Network is a smaller mortgage company specializing in Home Purchase loans. Crossfire Financial Network has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Miami, Cape Coral, Tampa, Sebring, and Pensacola among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Crossfire Financial Network has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Crossfire Financial Network is typically a high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.18% | 12/3/24 |
| 30 Year Conventional Refi | 6.85% | 12/3/24 |
| 30 Year Cash-out Refi | 7.08% | 12/3/24 |
| 30 Year FHA Purchase | 7.46% | 12/3/24 |
| 30 Year FHA Refi | 7.50% | 12/3/24 |
| 30 Year VA Purchase | 6.78% | 12/3/24 |
| 15 Year Conventional Purchase | 6.71% | 12/3/24 |
| 15 Year Conventional Refi | 6.46% | 12/3/24 |
| 15 Year Cash-out Refi | 6.46% | 12/3/24 |
| 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. | ||
Crossfire Financial Network Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Crossfire Financial Network. 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
59Origination Dollar Volume (All Markets)
$20,275,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 50 | $17,470,000 | $349,400 | $12,744 | 5.11% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $16,067 | 5.29% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $13,178 | 5.06% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $11,940 | 5.12% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $17,418 | 5.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $17,799 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against CROSSFIRE FINANCIAL NETWORK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 94
Similarity Rank: 156
Similarity Rank: 1064
Similarity Rank: 1331
Similarity Rank: 1352
Similarity Rank: 1360
Similarity Rank: 1634
Similarity Rank: 1710
Similarity Rank: 1750
Similarity Rank: 1872
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $11,400,000 | $335,294 | $10,442 | 5.12% |
| FHA | 25 | $8,875,000 | $355,000 | $16,632 | 5.08% |
For 2022, Crossfire Financial Network's most frequently originated type of loan was Conventional, with 34 originations. Their 2nd most popular type was FHA, with 25 originations.
Loan Reason
For 2022, Crossfire Financial Network's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 58 | $19,680,000 | $339,310 | $13,012 | 5.09% |
| 15 Year | 1 | $595,000 | $595,000 | $16,107 | 6.00% |
For 2022, Crossfire Financial Network's most frequently cited loan duration was 30 Year, with 58 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Crossfire Financial Network's average total fees were $13,012, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 38 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 21 | $8,065,000 | $384,048 |
| 4-5% | 18 | $5,720,000 | $317,778 |
| 3-4% | 10 | $2,860,000 | $286,000 |
| 6-7% | 8 | $3,120,000 | $390,000 |
| 7-8% | 2 | $510,000 | $255,000 |
During 2022, Crossfire Financial Network's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.
Loan Sizing
2022 saw Crossfire Financial Network place emphasis on $200k-400k loans with 35 originations, totaling $11,205,000 in origination value.
Applicant Income
Crossfire Financial Network lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
Crossfire Financial Network lent most frequently to those with DTI ratios of 50-60%, with 14 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.67%
Crossfire Financial Network has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination52.54%
Crossfire Financial Network has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 59 | $20,275,000 | $343,644 |