Polaris Home Funding Corp. Mortgage Rates, Fees & Info

Englewood, FL

LEI: 54930063578UDYE3JR69

Tax ID: 38-3601693

3.5 stars - Updated: 7/14/24 - out of 5 stars, based on 35 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Polaris Home Funding Corp. is a smaller mortgage company specializing in Home Purchase and Other loans. They have a a high proportion of FHA loans. Polaris Home Funding Corp. has an average proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Canton, Weirton, Akron, and London among others. We have data for 196 markets. (Some data included below & more in-depth data is available with an active subscription.)

Polaris Home Funding Corp. 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. Polaris Home Funding Corp. 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 relatively high 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 6.94% 7/14/24
30 Year Conventional Refi 6.63% 7/14/24
30 Year Cash-out Refi 7.02% 7/14/24
30 Year FHA Purchase 7.54% 7/14/24
30 Year FHA Refi 7.43% 7/14/24
30 Year VA Purchase 6.45% 7/14/24
30 Year VA Refi 5.73% 7/14/24
30 Year USDA Purchase 6.74% 7/14/24
15 Year Conventional Purchase 6.44% 7/14/24
15 Year Conventional Refi 6.13% 7/14/24
15 Year Cash-out Refi 6.13% 7/14/24
15 Year VA Purchase 5.68% 7/14/24
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.

Polaris Home Funding Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Polaris Home Funding Corp.. 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

1,246

Origination Dollar Volume (All Markets)

$242,370,000

Awards

POLARIS HOME FUNDING CORP. USDA Loans gold POLARIS HOME FUNDING CORP. USDA Loans gold POLARIS HOME FUNDING CORP. USDA Loans gold POLARIS HOME FUNDING CORP. USDA Loans gold
Show all (4) awards

Relative Rate

Polaris Home Funding Corp.'s average 30 year fixed mortgage rate was 6.87%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.39%.

Relative Fees (Closing Costs)

Polaris Home Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $9,407.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 99 $21,685,000 $219,040 $9,818 6.97%
CANTON-MASSILLON, OH (FHA|USDA|VA) 103 $19,715,000 $191,408 $8,566 7.08%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 108 $18,350,000 $169,907 $7,054 6.84%
Outside of Metro Areas 86 $14,690,000 $170,814 $8,815 6.90%
AKRON, OH (FHA|USDA|VA) 63 $12,045,000 $191,190 $9,005 6.97%
London, KY (FHA|USDA|VA) 62 $10,850,000 $175,000 $7,032 6.55%
COLUMBUS, OH (FHA|USDA|VA) 49 $10,385,000 $211,939 $9,807 6.89%
DAYTON-KETTERING, OH (FHA|USDA|VA) 49 $10,335,000 $210,918 $9,964 6.88%
FORT WAYNE, IN (FHA|USDA|VA) 39 $7,825,000 $200,641 $7,636 7.05%
New Philadelphia-Dover, OH (FHA|USDA|VA) 36 $5,640,000 $156,667 $7,653 6.93%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 23 $4,595,000 $199,783 $9,884 7.08%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 24 $3,090,000 $128,750 $7,899 6.73%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $2,995,000 $272,273 $11,345 6.52%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 8 $2,450,000 $306,250 $7,403 6.70%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $2,350,000 $195,833 $11,711 6.68%
OKLAHOMA CITY, OK (FHA|USDA|VA) 10 $2,240,000 $224,000 $12,912 6.91%
Findlay, OH (FHA|USDA|VA) 12 $2,190,000 $182,500 $8,929 6.60%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 9 $2,045,000 $227,222 $13,138 6.56%
CHARLESTON, WV (FHA|USDA|VA) 11 $2,015,000 $183,182 $9,865 6.56%
Marietta, OH (FHA|USDA|VA) 13 $1,975,000 $151,923 $8,848 6.83%
ALBUQUERQUE, NM (FHA|USDA|VA) 9 $1,925,000 $213,889 $13,034 6.74%
Tiffin, OH (FHA|USDA|VA) 15 $1,835,000 $122,333 $6,925 7.20%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,815,000 $363,000 $19,375 6.60%
SPRINGFIELD, OH (FHA|USDA|VA) 12 $1,780,000 $148,333 $7,148 6.97%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $1,780,000 $296,667 $13,955 6.42%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $1,610,000 $268,333 $14,983 6.67%
Portsmouth, OH (FHA|USDA|VA) 13 $1,545,000 $118,846 $8,043 6.89%
TOLEDO, OH (FHA|USDA|VA) 7 $1,395,000 $199,286 $12,065 6.96%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,310,000 $218,333 $13,188 6.92%
Somerset, KY (FHA|USDA|VA) 6 $1,300,000 $216,667 $7,664 6.31%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,275,000 $255,000 $12,874 6.40%
Salem, OH (FHA|USDA|VA) 9 $1,275,000 $141,667 $6,107 6.82%
Huntington, IN (FHA|USDA|VA) 8 $1,250,000 $156,250 $7,705 7.03%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $1,245,000 $177,857 $10,099 6.52%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $15,891 6.63%
Greenville, OH (FHA|USDA|VA) 7 $1,025,000 $146,429 $6,243 6.77%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,020,000 $510,000 $19,143 7.25%
Auburn, IN (FHA|USDA|VA) 5 $1,015,000 $203,000 $5,801 7.30%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $1,010,000 $252,500 $13,745 7.41%
WHEELING, WV-OH (FHA|USDA|VA) 7 $1,005,000 $143,571 $5,760 6.95%
Laconia, NH (FHA|USDA|VA) 4 $1,000,000 $250,000 $13,865 7.28%
TULSA, OK (FHA|USDA|VA) 6 $1,000,000 $166,667 $9,658 6.60%
PITTSBURGH, PA (FHA|USDA|VA) 4 $980,000 $245,000 $15,059 7.16%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 6 $910,000 $151,667 $7,901 6.96%
Zanesville, OH (FHA|USDA|VA) 5 $905,000 $181,000 $9,643 7.03%
Athens, OH (FHA|USDA|VA) 7 $875,000 $125,000 $6,859 7.16%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $860,000 $430,000 $22,864 6.81%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $840,000 $210,000 $11,522 6.91%
Defiance, OH (FHA|USDA|VA) 3 $825,000 $275,000 $13,964 7.00%
BOISE CITY, ID (FHA|USDA|VA) 3 $825,000 $275,000 $17,673 7.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $820,000 $205,000 $12,906 6.94%
COLUMBIA, SC (FHA|USDA|VA) 5 $805,000 $161,000 $9,402 6.70%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $755,000 $251,667 $9,265 7.00%
Augusta-Waterville, ME (FHA|USDA|VA) 3 $715,000 $238,333 $11,901 6.75%
BANGOR, ME (FHA|USDA|VA) 3 $715,000 $238,333 $12,593 6.83%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 4 $710,000 $177,500 $8,291 7.09%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $700,000 $350,000 $14,456 6.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $690,000 $172,500 $9,407 6.69%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $685,000 $228,333 $12,083 7.00%
Ashtabula, OH (FHA|USDA|VA) 3 $685,000 $228,333 $9,851 6.83%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $680,000 $340,000 $16,709 6.81%
Celina, OH (FHA|USDA|VA) 3 $675,000 $225,000 $11,670 7.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $675,000 $225,000 $13,921 6.25%
Coshocton, OH (FHA|USDA|VA) 4 $630,000 $157,500 $7,477 7.09%
Chillicothe, OH (FHA|USDA|VA) 4 $630,000 $157,500 $9,915 6.56%
Richmond-Berea, KY (FHA|USDA|VA) 2 $620,000 $310,000 $12,389 6.31%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $615,000 $205,000 $12,167 7.00%
MUNCIE, IN (FHA|USDA|VA) 3 $605,000 $201,667 $7,970 6.79%
Warsaw, IN (FHA|USDA|VA) 3 $595,000 $198,333 $9,826 6.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $585,000 $195,000 $9,974 6.17%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $585,000 $195,000 $11,721 6.92%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $575,000 $191,667 $8,990 6.58%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $560,000 $280,000 $13,399 7.44%
SIOUX FALLS, SD (FHA|USDA|VA) 3 $555,000 $185,000 $11,253 6.54%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $550,000 $275,000 $15,395 6.69%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $545,000 $181,667 $10,444 7.13%
Lebanon, NH-VT (FHA|USDA|VA) 2 $540,000 $270,000 $14,812 6.31%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $530,000 $265,000 $16,252 7.06%
Kendallville, IN (FHA|USDA|VA) 2 $530,000 $265,000 $11,386 6.69%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $525,000 $525,000 $15,141 6.25%
Wooster, OH (FHA|USDA|VA) 3 $515,000 $171,667 $7,029 7.13%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $510,000 $255,000 $16,295 7.31%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $480,000 $240,000 $13,643 7.38%
POCATELLO, ID (FHA|USDA|VA) 1 $475,000 $475,000 $25,283 6.25%
Ruidoso, NM (FHA|USDA|VA) 1 $475,000 $475,000 $27,087 6.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $450,000 $225,000 $12,755 6.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $450,000 $225,000 $13,793 6.69%
Mount Sterling, KY (FHA|USDA|VA) 3 $435,000 $145,000 $7,703 6.46%
Murray, KY (FHA|USDA|VA) 3 $435,000 $145,000 $6,414 5.92%
Searcy, AR (FHA|USDA|VA) 1 $425,000 $425,000 $21,806 7.25%
ROCHESTER, MN (FHA|USDA|VA) 2 $420,000 $210,000 $11,851 6.50%
Mount Vernon, OH (FHA|USDA|VA) 2 $410,000 $205,000 $9,991 6.94%
LIMA, OH (FHA|USDA|VA) 2 $390,000 $195,000 $11,081 6.63%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $380,000 $190,000 $14,728 6.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $380,000 $190,000 $11,205 6.19%
Ardmore, OK (FHA|USDA|VA) 2 $370,000 $185,000 $11,367 7.19%
Sturgis, MI (FHA|USDA|VA) 2 $370,000 $185,000 $8,610 6.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $18,811 6.25%
RAPID CITY, SD (FHA|USDA|VA) 1 $355,000 $355,000 $19,417 6.50%
Aberdeen, SD (FHA|USDA|VA) 2 $350,000 $175,000 $11,258 6.63%
Yankton, SD (FHA|USDA|VA) 1 $345,000 $345,000 $20,566 6.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $335,000 $335,000 $23,255 7.13%
KNOXVILLE, TN (FHA|USDA|VA) 2 $330,000 $165,000 $9,522 7.13%
Bellefontaine, OH (FHA|USDA|VA) 2 $330,000 $165,000 $10,175 6.81%
Miami, OK (FHA|USDA|VA) 1 $325,000 $325,000 $17,193 6.50%
JACKSON, TN (FHA|USDA|VA) 1 $325,000 $325,000 $22,439 7.25%
Marion, OH (FHA|USDA|VA) 2 $320,000 $160,000 $6,769 6.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $315,000 $315,000 $16,511 7.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $305,000 $305,000 $17,524 6.13%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $21,654 6.75%
SANTA FE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $18,518 6.00%
Wilmington, OH (FHA|USDA|VA) 2 $300,000 $150,000 $6,962 7.63%
Harrison, AR (FHA|USDA|VA) 2 $300,000 $150,000 $8,812 6.88%
Elk City, OK (FHA|USDA|VA) 1 $295,000 $295,000 $16,199 6.63%
Urbana, OH (FHA|USDA|VA) 1 $295,000 $295,000 $11,306 7.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $11,956 7.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $275,000 $275,000 $5,141 7.25%
Brookings, SD (FHA|USDA|VA) 1 $275,000 $275,000 $14,405 7.50%
LAS CRUCES, NM (FHA|USDA|VA) 1 $275,000 $275,000 $15,565 6.25%
Jackson, OH (FHA|USDA|VA) 1 $275,000 $275,000 $14,977 6.88%
AMES, IA (FHA|USDA|VA) 2 $270,000 $135,000 $9,223 6.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $265,000 $265,000 $11,958 7.50%
LANCASTER, PA (FHA|USDA|VA) 1 $265,000 $265,000 $16,201 6.50%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $265,000 $265,000 $15,485 6.75%
Wabash, IN (FHA|USDA|VA) 2 $260,000 $130,000 $5,701 6.94%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $260,000 $130,000 $8,861 6.56%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $255,000 $255,000 $3,847 7.50%
Rexburg, ID (FHA|USDA|VA) 1 $255,000 $255,000 $15,609 7.25%
Shawnee, OK (FHA|USDA|VA) 1 $255,000 $255,000 $10,614 7.13%
Logansport, IN (FHA|USDA|VA) 1 $255,000 $255,000 $8,558 6.38%
Sidney, OH (FHA|USDA|VA) 1 $255,000 $255,000 $12,230 5.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $250,000 $125,000 $8,675 6.75%
LaGrange, GA-AL (FHA|USDA|VA) 1 $245,000 $245,000 $13,516 6.25%
Bartlesville, OK (FHA|USDA|VA) 1 $245,000 $245,000 $13,586 7.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $245,000 $245,000 $15,409 6.75%
Concord, NH (FHA|USDA|VA) 1 $245,000 $245,000 $13,203 7.50%
Middlesborough, KY (FHA|USDA|VA) 2 $240,000 $120,000 $6,005 6.50%
DOTHAN, AL (FHA|USDA|VA) 1 $235,000 $235,000 $9,607 7.63%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $235,000 $235,000 $9,581 6.75%
Bedford, IN (FHA|USDA|VA) 1 $235,000 $235,000 $9,229 6.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $235,000 $235,000 $9,342 7.38%
Hobbs, NM (FHA|USDA|VA) 1 $235,000 $235,000 $13,819 6.75%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $225,000 $225,000 $11,944 6.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $225,000 $225,000 $9,963 5.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $225,000 $225,000 $8,613 6.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $8,874 6.50%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,156 7.25%
Richmond, IN (FHA|USDA|VA) 2 $220,000 $110,000 $5,406 6.56%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $205,000 $205,000 $11,430 7.25%
Fremont, OH (FHA|USDA|VA) 1 $205,000 $205,000 $8,917 6.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $12,682 6.63%
Mount Airy, NC (FHA|USDA|VA) 1 $205,000 $205,000 $8,084 8.00%
Keene, NH (FHA|USDA|VA) 1 $205,000 $205,000 $13,629 7.13%
MORGANTOWN, WV (FHA|USDA|VA) 1 $205,000 $205,000 $12,119 6.50%
Outside of Metro Areas 1 $205,000 $205,000 $16,184 6.63%
KOKOMO, IN (FHA|USDA|VA) 1 $195,000 $195,000 $10,076 7.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $11,485 5.75%
WILMINGTON, NC (FHA|USDA|VA) 1 $195,000 $195,000 $11,967 7.25%
COLUMBUS, IN (FHA|USDA|VA) 1 $195,000 $195,000 $11,410 5.88%
Boone, NC (FHA|USDA|VA) 1 $195,000 $195,000 $11,211 6.13%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $195,000 $195,000 $11,357 7.13%
PINE BLUFF, AR (FHA|USDA|VA) 1 $185,000 $185,000 $10,045 6.25%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $185,000 $185,000 $10,719 6.25%
Van Wert, OH (FHA|USDA|VA) 1 $185,000 $185,000 $8,751 7.75%
MUSKEGON, MI (FHA|USDA|VA) 1 $175,000 $175,000 $6,859 6.38%
Shelby, NC (FHA|USDA|VA) 1 $175,000 $175,000 $8,362 6.75%
Greensburg, IN (FHA|USDA|VA) 1 $175,000 $175,000 $6,488 5.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $9,818 6.25%
FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $10,408 7.13%
Fairmont, WV (FHA|USDA|VA) 1 $165,000 $165,000 $10,368 6.50%
Wilson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,067 7.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $165,000 $165,000 $11,723 6.63%
Greeneville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $9,297 6.63%
Cambridge, OH (FHA|USDA|VA) 1 $165,000 $165,000 $6,497 6.75%
NEW BERN, NC (FHA|USDA|VA) 1 $165,000 $165,000 $9,533 7.75%
BURLINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,112 6.25%
Woodward, OK (FHA|USDA|VA) 1 $165,000 $165,000 $7,120 7.63%
CLEVELAND, TN (FHA|USDA|VA) 1 $155,000 $155,000 $11,779 6.63%
Alamogordo, NM (FHA|USDA|VA) 1 $155,000 $155,000 $9,842 7.63%
Palatka, FL (FHA|USDA|VA) 1 $155,000 $155,000 $9,608 6.75%
Greenwood, SC (FHA|USDA|VA) 1 $155,000 $155,000 $10,276 6.50%
Ponca City, OK (FHA|USDA|VA) 1 $155,000 $155,000 $9,755 7.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $145,000 $145,000 $11,205 7.00%
PUEBLO, CO (FHA|USDA|VA) 1 $145,000 $145,000 $10,754 6.75%
Roswell, NM (FHA|USDA|VA) 1 $145,000 $145,000 $10,291 7.63%
Jasper, IN (FHA|USDA|VA) 1 $145,000 $145,000 $8,222 6.25%
Paducah, KY-IL (FHA|USDA|VA) 1 $145,000 $145,000 $5,422 6.75%
Union City, TN (FHA|USDA|VA) 1 $145,000 $145,000 $6,410 7.00%
Mayfield, KY (FHA|USDA|VA) 1 $145,000 $145,000 $5,704 6.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $12,293 6.00%
Batesville, AR (FHA|USDA|VA) 1 $135,000 $135,000 $5,868 6.25%
JONESBORO, AR (FHA|USDA|VA) 1 $125,000 $125,000 $8,082 5.75%
Pottsville, PA (FHA|USDA|VA) 1 $115,000 $115,000 $9,590 6.88%
Paragould, AR (FHA|USDA|VA) 1 $105,000 $105,000 $8,058 6.00%
Connersville, IN (FHA|USDA|VA) 1 $105,000 $105,000 $7,180 6.25%
Wapakoneta, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,964 6.88%
Polaris Home Funding Corp.'s top markets include Cincinnati, Canton, Weirton, Akron, and London among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 709 $137,985,000 $194,619 $10,544 6.78%
    Conventional 284 $55,200,000 $194,366 $6,743 7.15%
    VA 136 $31,930,000 $234,779 $11,027 6.81%
    USDA 117 $17,255,000 $147,479 $7,182 6.76%

    For 2023, Polaris Home Funding Corp.'s most frequently originated type of loan was FHA, with 709 originations. Their 2nd most popular type was Conventional, with 284 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 841 $156,215,000 $185,749 $8,207 6.89%
    Other 332 $71,920,000 $216,627 $12,226 6.82%
    Cash Out Refi 60 $11,590,000 $193,167 $10,638 6.69%
    Refi 9 $1,865,000 $207,222 $9,122 7.19%
    Home Improvement 4 $780,000 $195,000 $12,208 6.91%

    For 2023, Polaris Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 841 originations. The 2nd most popular reason was Other, with 332 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,179 $230,515,000 $195,517 $9,407 6.87%
    Other 41 $7,155,000 $174,512 $10,227 6.90%
    20 Year 18 $3,060,000 $170,000 $8,755 7.03%
    15 Year 8 $1,640,000 $205,000 $7,812 5.98%

    For 2023, Polaris Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 1,179 originations. The 2nd most popular length was Other, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 405 $107,875,000 $266,358
    $3k-4k 250 $37,850,000 $151,400
    $4k-5k 237 $43,295,000 $182,679
    $2k-3k 190 $28,000,000 $147,368
    $1k-2k 109 $16,525,000 $151,606
    $<1k 49 $7,395,000 $150,918

    Polaris Home Funding Corp.'s average total fees were $9,407, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 405 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 658 $129,140,000 $196,261
    7-8% 486 $92,880,000 $191,111
    5-6% 85 $17,525,000 $206,176
    Over 8% 16 $2,590,000 $161,875
    4-5% 1 $235,000 $235,000

    During 2023, Polaris Home Funding Corp.'s average interest rate for loans was 6.87%, while their most frequently originated rate bucket for loans was 6-7%, with 658 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 659 $100,415,000 $152,375 $7,996 6.86%
    $200k-400k 440 $114,140,000 $259,409 $11,586 6.82%
    $100,000 or less 109 $9,105,000 $83,532 $5,623 7.08%
    $400k-600k 34 $15,920,000 $468,235 $18,612 6.83%
    $600k-1MM 4 $2,790,000 $697,500 $29,432 7.19%

    2023 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 659 originations, totaling $100,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 452 $79,220,000 $175,265 $8,807 6.83%
    $50k or less 278 $34,740,000 $124,964 $7,093 6.86%
    $75k-100k 251 $54,725,000 $218,028 $10,076 6.83%
    $100k-150k 203 $53,545,000 $263,768 $11,996 6.96%
    $150k-250k 52 $16,150,000 $310,577 $13,303 6.88%
    $250k+ 10 $3,990,000 $399,000 $12,189 7.18%

    Polaris Home Funding Corp. lent most frequently to those with incomes in the $50k-75k range, with 452 originations. The second most popular income band? $50k or less, with 278 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 252 $53,280,000 $211,429 $11,250 6.75%
    30-36% 168 $30,150,000 $179,464 $8,504 6.90%
    20-30% 157 $27,455,000 $174,873 $7,853 6.93%
    48% 63 $13,585,000 $215,635 $10,429 7.02%
    39% 55 $10,655,000 $193,727 $8,873 6.96%
    40% 53 $10,935,000 $206,321 $8,880 6.71%
    49% 52 $10,810,000 $207,885 $10,214 6.82%
    41% 46 $9,250,000 $201,087 $8,734 6.97%
    46% 46 $9,050,000 $196,739 $10,387 6.76%
    38% 45 $7,915,000 $175,889 $7,899 6.90%
    42% 44 $8,810,000 $200,227 $9,413 6.96%
    43% 42 $8,560,000 $203,810 $9,981 6.89%
    44% 38 $7,380,000 $194,211 $9,150 6.84%
    47% 35 $6,485,000 $185,286 $8,827 6.86%
    45% 34 $7,530,000 $221,471 $10,300 6.96%
    36% 33 $6,215,000 $188,333 $8,913 6.78%
    37% 29 $4,585,000 $158,103 $7,859 6.75%
    >60% 24 $5,530,000 $230,417 $11,392 6.72%
    <20% 16 $2,360,000 $147,500 $7,195 6.98%

    Polaris Home Funding Corp. lent most frequently to those with DTI ratios of 50-60%, with 252 originations. The next most common DTI ratio? 30-36%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,120 $216,720,000 $193,500 $9,349 6.86%
    Black 67 $13,255,000 $197,836 $10,091 6.95%
    Not provided 46 $9,750,000 $211,957 $10,089 6.75%
    Asian 8 $1,570,000 $196,250 $9,948 6.33%
    Not applicable 2 $720,000 $360,000 $10,767 6.63%
    American Indian 2 $230,000 $115,000 $6,119 7.44%
    Filipino 1 $125,000 $125,000 $6,150 8.63%

    Approval Rates

    Total approvals of all applications
    90.99%

    Polaris Home Funding Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    52.81%

    Polaris Home Funding Corp. 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 1,246 $242,370,000 $194,518

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,246 $242,370,000 $194,518

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,525,000 $169,444 $7,653 6.69%
    40-60% 74 $13,110,000 $177,162 $9,034 6.80%
    60-80% 276 $56,190,000 $203,587 $10,340 6.90%
    80-100% 868 $166,220,000 $191,498 $9,029 6.86%
    Over 100% 19 $5,325,000 $280,263 $15,931 6.66%