Polaris Home Funding Corp. Mortgage Rates, Fees & Info
Englewood, FLLEI: 54930063578UDYE3JR69
Tax ID: 38-3601693
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.94% | 12/16/24 |
| 30 Year Conventional Refi | 6.63% | 12/16/24 |
| 30 Year Cash-out Refi | 7.02% | 12/16/24 |
| 30 Year FHA Purchase | 7.54% | 12/16/24 |
| 30 Year FHA Refi | 7.43% | 12/16/24 |
| 30 Year VA Purchase | 6.45% | 12/16/24 |
| 30 Year VA Refi | 5.73% | 12/16/24 |
| 30 Year USDA Purchase | 6.74% | 12/16/24 |
| 15 Year Conventional Purchase | 6.44% | 12/16/24 |
| 15 Year Conventional Refi | 6.13% | 12/16/24 |
| 15 Year Cash-out Refi | 6.13% | 12/16/24 |
| 15 Year VA Purchase | 5.68% | 12/16/24 |
| 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
1,246Origination Dollar Volume (All Markets)
$242,370,000Awards
POLARIS HOME FUNDING CORP. - 2023
POLARIS HOME FUNDING CORP. is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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We use machine learning to identify the top lenders compared against POLARIS HOME FUNDING CORP. 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
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
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
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
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
2023 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 659 originations, totaling $100,415,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.99%
Polaris Home Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination52.81%
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 |