Police & Fire at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 101 large mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
17th40.3% deniedPricingmedian rate spread over APOR, weight 30%
87th-0.08 ptsProcesswithdrawn + incomplete share, weight 15%
59th17.3%Closing coststotal loan costs ÷ loan amount, weight 10%
22nd3.29% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 12,694 | 6,502 | 33.5% | 39.1% | 6.63% | $567M |
| 2024 | 12,979 | 6,631 | 33.7% | 39.4% | 6.99% | $642M |
| 2025 | 12,906 | 6,267 | 33.4% | 40.3% | 6.24% | $799M |
What Police & Fire lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 5,201 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 396 investment properties.
Why Police & Fire denies applications
Primary reason reported for each of the 4,305 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Police & Fire
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 1,197 | 173 | 82.3% |
| $50k – $100k | 3,694 | 1,296 | 56.2% |
| $100k – $150k | 3,311 | 1,723 | 35.6% |
| $150k – $250k | 3,326 | 2,198 | 20.6% |
| Over $250k | 1,336 | 875 | 18.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 27 | 7 | 66.7% |
| 25–34 | 1,119 | 546 | 42.5% |
| 35–44 | 2,963 | 1,565 | 37.1% |
| 45–54 | 3,512 | 1,896 | 35.3% |
| 55–64 | 3,065 | 1,421 | 41.6% |
| 65–74 | 1,639 | 629 | 49.8% |
| Over 74 | 581 | 203 | 52.2% |
Where Police & Fire lends
5 states and 100 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 8,460 | 3,973 | 34.6% | 6.25% | #8 |
| New Jersey | 4,063 | 2,136 | 30.3% | 6.24% | #14 |
| Delaware | 245 | 102 | 42.5% | 6.25% | #49 |
| Florida | 136 | 56 | 31.6% | 6.31% | #434 |
Frequently asked questions
Police & Fire denied 40.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of large mortgage lenders.
The most common reason Police & Fire gave in 2025 was "debt-to-income ratio", cited on 54.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Police & Fire originated in 2025 was 6.24%, and its median rate spread over the average prime offer rate was -0.08 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 2% of its applications were for home purchases, 65% for refinancing (including cash-out), and 34% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.