Polaris Home Funding Corp. Mortgage Rates, Fees & Info

Englewood, FL

LEI: 54930063578UDYE3JR69

Tax ID: 38-3601693

2 stars - Updated: 2/26/24 - out of 5 stars, based on 40 reviews

Latest/2022 | 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 loans. They have a a high proportion of FHA loans. Polaris Home Funding Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Weirton, Canton, London, and Fort Wayne among others. We have data for 183 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 an average 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% 2/26/24
30 Year Conventional Refi 6.63% 2/26/24
30 Year Cash-out Refi 7.02% 2/26/24
30 Year FHA Purchase 7.54% 2/26/24
30 Year FHA Refi 7.43% 2/26/24
30 Year VA Purchase 6.45% 2/26/24
30 Year VA Refi 5.73% 2/26/24
30 Year USDA Purchase 6.74% 2/26/24
15 Year Conventional Purchase 6.44% 2/26/24
15 Year Conventional Refi 6.13% 2/26/24
15 Year Cash-out Refi 6.13% 2/26/24
15 Year VA Purchase 5.68% 2/26/24
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

1,625

Origination Dollar Volume (All Markets)

$304,395,000
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Relative Rate

Polaris Home Funding Corp.'s average 30 year fixed mortgage rate was 5.27%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.51%.

Relative Fees (Closing Costs)

Polaris Home Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,995.

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 $4,750.

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) 139 $28,115,000 $202,266 $9,499 5.21%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 167 $26,435,000 $158,293 $5,791 5.34%
CANTON-MASSILLON, OH (FHA|USDA|VA) 103 $19,375,000 $188,107 $7,608 5.19%
Outside of Metro Areas 115 $17,525,000 $152,391 $7,208 5.08%
London, KY (FHA|USDA|VA) 88 $16,100,000 $182,955 $6,852 4.95%
FORT WAYNE, IN (FHA|USDA|VA) 65 $13,625,000 $209,615 $6,609 5.41%
AKRON, OH (FHA|USDA|VA) 73 $13,145,000 $180,068 $7,468 5.03%
COLUMBUS, OH (FHA|USDA|VA) 59 $11,975,000 $202,966 $8,368 5.41%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 38 $9,900,000 $260,526 $4,890 4.97%
DAYTON-KETTERING, OH (FHA|USDA|VA) 50 $9,170,000 $183,400 $7,754 4.86%
New Philadelphia-Dover, OH (FHA|USDA|VA) 51 $8,135,000 $159,510 $6,886 5.61%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 38 $6,700,000 $176,316 $7,099 5.59%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 21 $5,295,000 $252,143 $8,993 5.15%
Marietta, OH (FHA|USDA|VA) 25 $4,555,000 $182,200 $8,812 5.73%
Findlay, OH (FHA|USDA|VA) 25 $4,365,000 $174,600 $7,719 5.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 22 $4,280,000 $194,545 $9,237 5.04%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 26 $3,460,000 $133,077 $6,399 5.28%
Portsmouth, OH (FHA|USDA|VA) 25 $3,455,000 $138,200 $7,881 5.35%
LOUISVILLE, KY (FHA|USDA|VA) 14 $3,070,000 $219,286 $7,679 4.98%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $2,700,000 $225,000 $12,401 4.86%
KNOXVILLE, TN (FHA|USDA|VA) 9 $2,515,000 $279,444 $13,134 4.58%
Holland, MI (FHA|USDA|VA) 8 $2,150,000 $268,750 $5,111 4.73%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 8 $2,050,000 $256,250 $10,939 5.47%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,020,000 $252,500 $10,710 4.53%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $1,955,000 $279,286 $12,295 4.59%
Tiffin, OH (FHA|USDA|VA) 13 $1,925,000 $148,077 $7,468 5.21%
Greenville, OH (FHA|USDA|VA) 10 $1,740,000 $174,000 $7,829 4.61%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,725,000 $345,000 $17,224 5.71%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 8 $1,690,000 $211,250 $10,382 4.22%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $1,685,000 $337,000 $14,736 5.33%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $1,630,000 $203,750 $9,934 5.66%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $1,555,000 $311,000 $6,579 5.50%
Somerset, KY (FHA|USDA|VA) 8 $1,490,000 $186,250 $8,264 5.48%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,490,000 $248,333 $12,534 4.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $1,330,000 $332,500 $13,659 7.06%
Wilmington, OH (FHA|USDA|VA) 5 $1,315,000 $263,000 $10,504 4.98%
SPRINGFIELD, OH (FHA|USDA|VA) 9 $1,275,000 $141,667 $6,811 5.03%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,245,000 $249,000 $10,703 5.30%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,210,000 $201,667 $9,797 5.23%
Salem, OH (FHA|USDA|VA) 7 $1,205,000 $172,143 $7,295 5.48%
CHARLESTON, WV (FHA|USDA|VA) 9 $1,195,000 $132,778 $6,567 5.53%
Huntington, IN (FHA|USDA|VA) 8 $1,160,000 $145,000 $5,249 4.84%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 6 $1,160,000 $193,333 $8,866 5.67%
WHEELING, WV-OH (FHA|USDA|VA) 10 $1,150,000 $115,000 $5,247 5.04%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 9 $1,135,000 $126,111 $5,376 5.90%
TOLEDO, OH (FHA|USDA|VA) 7 $1,115,000 $159,286 $6,843 5.32%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,095,000 $365,000 $21,094 5.46%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $1,080,000 $270,000 $9,463 5.41%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $1,045,000 $209,000 $11,072 6.10%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,040,000 $260,000 $11,298 4.31%
LANCASTER, PA (FHA|USDA|VA) 5 $1,025,000 $205,000 $10,747 4.78%
Auburn, IN (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,534 4.88%
SPARTANBURG, SC (FHA|USDA|VA) 5 $955,000 $191,000 $10,253 5.80%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $930,000 $232,500 $11,480 5.03%
Angola, IN (FHA|USDA|VA) 2 $920,000 $460,000 $14,006 6.13%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $915,000 $305,000 $13,874 6.96%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $915,000 $183,000 $8,570 5.13%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 6 $880,000 $146,667 $6,624 5.46%
Coshocton, OH (FHA|USDA|VA) 5 $855,000 $171,000 $7,078 5.03%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $830,000 $207,500 $10,655 5.84%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 4 $810,000 $202,500 $10,448 6.16%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $805,000 $161,000 $7,528 4.63%
Cambridge, OH (FHA|USDA|VA) 7 $805,000 $115,000 $6,522 5.68%
Wabash, IN (FHA|USDA|VA) 5 $795,000 $159,000 $6,947 5.73%
Murray, KY (FHA|USDA|VA) 4 $770,000 $192,500 $6,161 5.63%
Seneca, SC (FHA|USDA|VA) 3 $765,000 $255,000 $10,535 4.92%
BLOOMINGTON, IN (FHA|USDA|VA) 3 $755,000 $251,667 $12,968 5.79%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $750,000 $375,000 $14,207 6.56%
Richmond, IN (FHA|USDA|VA) 6 $750,000 $125,000 $6,346 4.92%
Washington Court House, OH (FHA|USDA|VA) 4 $730,000 $182,500 $7,742 5.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $715,000 $238,333 $9,841 5.13%
Athens, OH (FHA|USDA|VA) 5 $665,000 $133,000 $7,705 6.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $655,000 $218,333 $9,169 4.83%
Bluffton, IN (FHA|USDA|VA) 2 $640,000 $320,000 $11,145 6.69%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $630,000 $157,500 $9,556 4.28%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $630,000 $157,500 $6,172 5.63%
PITTSBURGH, PA (FHA|USDA|VA) 3 $625,000 $208,333 $10,226 3.75%
ROCHESTER, MN (FHA|USDA|VA) 3 $615,000 $205,000 $11,613 5.25%
OCALA, FL (FHA|USDA|VA) 3 $605,000 $201,667 $13,217 5.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $585,000 $195,000 $11,363 6.58%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $565,000 $188,333 $10,202 5.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $545,000 $181,667 $10,658 4.50%
COLUMBIA, SC (FHA|USDA|VA) 3 $535,000 $178,333 $9,328 5.58%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $525,000 $175,000 $12,369 5.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $525,000 $525,000 $14,015 3.75%
Chillicothe, OH (FHA|USDA|VA) 4 $520,000 $130,000 $7,502 6.06%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $475,000 $158,333 $9,464 5.67%
LIMA, OH (FHA|USDA|VA) 3 $465,000 $155,000 $7,477 5.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $30,988 3.25%
Jackson, OH (FHA|USDA|VA) 2 $450,000 $225,000 $9,053 5.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $430,000 $215,000 $6,964 4.81%
Wooster, OH (FHA|USDA|VA) 2 $430,000 $215,000 $7,738 5.19%
Wapakoneta, OH (FHA|USDA|VA) 3 $425,000 $141,667 $7,172 5.33%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $410,000 $205,000 $15,247 4.50%
Greensburg, IN (FHA|USDA|VA) 2 $400,000 $200,000 $10,025 4.88%
SUMTER, SC (FHA|USDA|VA) 3 $395,000 $131,667 $6,574 6.04%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $375,000 $375,000 $19,691 6.38%
Celina, OH (FHA|USDA|VA) 2 $360,000 $180,000 $10,601 4.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $360,000 $180,000 $8,203 4.44%
Marion, OH (FHA|USDA|VA) 3 $355,000 $118,333 $7,309 4.88%
ERIE, PA (FHA|USDA|VA) 1 $345,000 $345,000 $6,065 4.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $340,000 $170,000 $10,272 3.94%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $335,000 $335,000 $11,822 4.50%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $330,000 $165,000 $11,531 5.44%
WILMINGTON, NC (FHA|USDA|VA) 2 $330,000 $165,000 $8,074 5.25%
Wilson, NC (FHA|USDA|VA) 1 $315,000 $315,000 $10,954 5.63%
Ashtabula, OH (FHA|USDA|VA) 2 $310,000 $155,000 $7,901 5.13%
Connersville, IN (FHA|USDA|VA) 3 $305,000 $101,667 $6,048 4.67%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $295,000 $295,000 $15,928 6.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $295,000 $295,000 $17,146 6.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $11,133 6.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $15,630 3.88%
MUNCIE, IN (FHA|USDA|VA) 2 $280,000 $140,000 $3,287 4.00%
MANSFIELD, OH (FHA|USDA|VA) 2 $280,000 $140,000 $7,030 4.63%
Mountain Home, AR (FHA|USDA|VA) 2 $280,000 $140,000 $7,682 5.88%
JONESBORO, AR (FHA|USDA|VA) 1 $275,000 $275,000 $13,981 4.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $275,000 $275,000 $14,272 4.25%
BECKLEY, WV (FHA|USDA|VA) 2 $270,000 $135,000 $10,042 6.69%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $265,000 $265,000 $14,488 5.63%
Boone, NC (FHA|USDA|VA) 1 $245,000 $245,000 $13,896 6.50%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $245,000 $245,000 $9,732 4.13%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $235,000 $235,000 $13,415 6.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $235,000 $235,000 $9,125 6.13%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $225,000 $225,000 $13,965 6.25%
Spearfish, SD (FHA|USDA|VA) 1 $225,000 $225,000 $14,034 5.63%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $225,000 $225,000 $8,856 6.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $225,000 $225,000 $12,607 6.00%
Russellville, AR (FHA|USDA|VA) 2 $220,000 $110,000 $5,810 5.75%
GAINESVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $9,066 4.25%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $9,729 6.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $8,591 7.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,587 3.25%
Jefferson, GA (FHA|USDA|VA) 1 $205,000 $205,000 $8,330 4.70%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $10,610 4.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $195,000 $195,000 $8,062 6.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $195,000 $195,000 $10,623 7.25%
Logansport, IN (FHA|USDA|VA) 1 $195,000 $195,000 $10,909 5.63%
Ludington, MI (FHA|USDA|VA) 1 $195,000 $195,000 $6,891 5.88%
Kearney, NE (FHA|USDA|VA) 1 $195,000 $195,000 $11,392 5.63%
Decatur, IN (FHA|USDA|VA) 1 $185,000 $185,000 $6,366 6.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $15,692 4.63%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $185,000 $185,000 $12,336 3.63%
KOKOMO, IN (FHA|USDA|VA) 1 $175,000 $175,000 $10,169 6.13%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $9,929 5.63%
Meadville, PA (FHA|USDA|VA) 1 $175,000 $175,000 $11,222 5.38%
LEBANON, PA (FHA|USDA|VA) 1 $175,000 $175,000 $12,048 6.13%
Columbus, NE (FHA|USDA|VA) 1 $175,000 $175,000 $11,065 6.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $165,000 $165,000 $11,154 5.25%
Searcy, AR (FHA|USDA|VA) 1 $165,000 $165,000 $7,588 5.38%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $9,155 2.63%
Plymouth, IN (FHA|USDA|VA) 1 $165,000 $165,000 $9,377 6.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,951 4.75%
Shelby, NC (FHA|USDA|VA) 1 $165,000 $165,000 $5,894 4.88%
TULSA, OK (FHA|USDA|VA) 1 $155,000 $155,000 $9,543 6.38%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $155,000 $155,000 $9,585 6.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,864 4.63%
Sandusky, OH (FHA|USDA|VA) 1 $155,000 $155,000 $6,393 5.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $145,000 $145,000 $6,330 3.45%
RAPID CITY, SD (FHA|USDA|VA) 1 $145,000 $145,000 $6,958 7.00%
Albemarle, NC (FHA|USDA|VA) 1 $145,000 $145,000 $6,616 5.25%
New Castle, IN (FHA|USDA|VA) 1 $145,000 $145,000 $8,678 6.63%
Van Wert, OH (FHA|USDA|VA) 1 $145,000 $145,000 $8,915 4.38%
FLINT, MI (FHA|USDA|VA) 1 $145,000 $145,000 $9,612 6.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $6,589 4.63%
Middlesborough, KY (FHA|USDA|VA) 1 $145,000 $145,000 $5,639 5.25%
Zanesville, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,558 6.13%
ASHEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $8,524 5.75%
Madison, IN (FHA|USDA|VA) 1 $135,000 $135,000 $4,737 5.75%
Mount Airy, NC (FHA|USDA|VA) 1 $135,000 $135,000 $8,440 5.63%
Concord, NH (FHA|USDA|VA) 1 $135,000 $135,000 $8,838 7.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $6,786 5.88%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $135,000 $135,000 $8,606 6.13%
Greeneville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $5,622 4.88%
Henderson, NC (FHA|USDA|VA) 1 $125,000 $125,000 $8,318 4.88%
Bennettsville, SC (FHA|USDA|VA) 1 $125,000 $125,000 $8,961 6.00%
Urbana, OH (FHA|USDA|VA) 1 $125,000 $125,000 $7,501 3.25%
Gaffney, SC (FHA|USDA|VA) 1 $115,000 $115,000 $9,211 4.88%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $105,000 $105,000 $7,911 6.13%
Kinston, NC (FHA|USDA|VA) 1 $95,000 $95,000 $5,519 3.99%
Bellefontaine, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,388 4.25%
Fremont, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,745 4.88%
Richmond-Berea, KY (FHA|USDA|VA) 1 $75,000 $75,000 $3,863 6.63%
Cambridge, MD (FHA|USDA|VA) 1 $65,000 $65,000 $4,529 4.13%
Polaris Home Funding Corp.'s top markets include Cincinnati, Weirton, Canton, London, and Fort Wayne among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 704 $126,320,000 $179,432 $9,376 5.31%
    Conventional 622 $121,980,000 $196,109 $6,121 5.23%
    USDA 151 $22,725,000 $150,497 $6,856 5.14%
    VA 148 $33,370,000 $225,473 $9,861 4.98%

    For 2022, Polaris Home Funding Corp.'s most frequently originated type of loan was FHA, with 704 originations. Their 2nd most popular type was Conventional, with 622 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,128 $205,310,000 $182,012 $7,356 5.27%
    Other 279 $54,525,000 $195,430 $9,547 5.41%
    Cash Out Refi 156 $32,170,000 $206,218 $10,160 4.98%
    Refi 40 $7,530,000 $188,250 $5,729 4.46%
    Home Improvement 22 $4,860,000 $220,909 $5,824 4.62%

    For 2022, Polaris Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 1,128 originations. The 2nd most popular reason was Other, with 279 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,556 $292,190,000 $187,783 $7,995 5.27%
    15 Year 45 $8,005,000 $177,889 $6,372 4.16%
    20 Year 15 $2,625,000 $175,000 $7,064 5.68%
    Other 7 $1,335,000 $190,714 $8,782 4.71%
    10 Year 2 $240,000 $120,000 $4,495 2.69%

    For 2022, Polaris Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 1,556 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 409 $108,835,000 $266,100
    $3k-4k 378 $58,340,000 $154,339
    $2k-3k 293 $44,805,000 $152,918
    $4k-5k 251 $45,945,000 $183,048
    $1k-2k 225 $35,375,000 $157,222
    $<1k 56 $8,360,000 $149,286

    Polaris Home Funding Corp.'s average total fees were $7,995, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 409 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 594 $110,530,000 $186,077
    4-5% 356 $64,940,000 $182,416
    6-7% 308 $57,540,000 $186,818
    3-4% 271 $53,535,000 $197,546
    7-8% 69 $12,395,000 $179,638
    2.5-3% 21 $4,385,000 $208,810
    <2.5% 5 $955,000 $191,000
    Over 8% 1 $115,000 $115,000

    During 2022, Polaris Home Funding Corp.'s average interest rate for loans was 5.27%, while their most frequently originated rate bucket for loans was 5-6%, with 594 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 895 $134,345,000 $150,106 $7,042 5.26%
    $200k-400k 502 $130,590,000 $260,139 $9,998 5.17%
    $100,000 or less 175 $14,195,000 $81,114 $4,993 5.32%
    $400k-600k 50 $22,870,000 $457,400 $12,762 5.11%
    $600k-1MM 2 $1,270,000 $635,000 $12,032 4.94%
    $1MM+ 1 $1,125,000 $1,125,000 $45,290 6.00%

    2022 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 895 originations, totaling $134,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 566 $99,360,000 $175,548 $7,878 5.30%
    $50k or less 475 $63,285,000 $133,232 $6,657 5.11%
    $75k-100k 291 $62,895,000 $216,134 $8,748 5.25%
    $100k-150k 206 $52,350,000 $254,126 $9,472 5.32%
    $150k-250k 76 $22,270,000 $293,026 $8,434 5.10%
    $250k+ 11 $4,235,000 $385,000 $13,144 5.88%

    Polaris Home Funding Corp. lent most frequently to those with incomes in the $50k-75k range, with 566 originations. The second most popular income band? $50k or less, with 475 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 264 $48,360,000 $183,182 $7,602 5.18%
    20-30% 244 $41,540,000 $170,246 $6,752 5.12%
    50-60% 219 $43,305,000 $197,740 $10,117 5.29%
    40% 68 $12,590,000 $185,147 $8,128 5.42%
    37% 67 $11,935,000 $178,134 $7,711 5.21%
    39% 66 $12,400,000 $187,879 $7,294 5.17%
    <20% 64 $9,960,000 $155,625 $6,140 4.89%
    38% 63 $11,935,000 $189,444 $7,727 5.23%
    44% 61 $13,685,000 $224,344 $8,056 5.47%
    43% 61 $11,815,000 $193,689 $7,396 5.39%
    45% 60 $12,450,000 $207,500 $8,854 5.47%
    41% 56 $10,480,000 $187,143 $7,480 5.22%
    49% 55 $10,765,000 $195,727 $8,857 5.40%
    42% 53 $9,175,000 $173,113 $7,526 5.38%
    47% 52 $9,570,000 $184,038 $7,472 5.16%
    36% 47 $9,155,000 $194,787 $8,233 5.47%
    48% 43 $8,995,000 $209,186 $8,652 5.27%
    46% 42 $8,200,000 $195,238 $7,972 5.19%
    >60% 22 $4,850,000 $220,455 $10,084 4.93%

    Polaris Home Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 264 originations. The next most common DTI ratio? 20-30%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,419 $264,925,000 $186,698 $7,767 5.21%
    Not provided 99 $18,545,000 $187,323 $9,204 5.71%
    Black 85 $16,905,000 $198,882 $9,597 5.02%
    Asian 11 $2,015,000 $183,182 $6,843 4.97%
    Not applicable 9 $1,585,000 $176,111 $6,276 5.49%
    Vietnamese 1 $235,000 $235,000 $11,945 7.00%
    Other Pacific Islander 1 $185,000 $185,000 $10,461 4.75%

    Approval Rates

    Total approvals of all applications
    92.18%

    Polaris Home Funding Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.94%

    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 1,625 $304,395,000 $187,320

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,625 $304,395,000 $187,320

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,740,000 $108,750 $4,989 5.17%
    40-60% 88 $14,740,000 $167,500 $7,428 5.26%
    60-80% 387 $77,345,000 $199,858 $8,312 5.21%
    80-100% 1,115 $206,385,000 $185,099 $7,820 5.24%
    Over 100% 19 $4,185,000 $220,263 $12,288 5.34%