Polaris Home Funding Corp. Mortgage Rates, Fees & Info

Englewood, FL

LEI: 54930063578UDYE3JR69

Tax ID: 38-3601693

3.3 stars - out of 5 stars, based on 53 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Polaris Home Funding Corp. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Polaris Home Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Cincinnati, Weirton, Canton, Columbus, and London among others. We have data for 231 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 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 6.86% 1/29/23
    30 Year Conventional Refi 6.62% 1/29/23
    30 Year Cash-out Refi 6.90% 1/29/23
    30 Year FHA Purchase 7.81% 1/29/23
    30 Year FHA Refi 7.39% 1/29/23
    30 Year VA Purchase 6.76% 1/29/23
    30 Year VA Refi 6.23% 1/29/23
    30 Year USDA Purchase 7.16% 1/29/23
    30 Year USDA Refi 6.72% 1/29/23
    15 Year Conventional Purchase 6.08% 1/29/23
    15 Year Conventional Refi 6.13% 1/29/23
    15 Year Cash-out Refi 6.13% 1/29/23
    15 Year FHA Refi 7.11% 1/29/23
    15 Year VA Refi 6.63% 1/29/23
    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.


    Originations

    2,809

    Origination Dollar Volume (All Markets)

    $501,045,000
    Show all (5) awards

    Relative Rate

    Polaris Home Funding Corp.'s average 30 year fixed mortgage rate was 3.27%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.12%.

    Relative Fees (Closing Costs)

    Polaris Home Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $6,110.

    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) 222 $42,210,000 $190,135 $6,010 3.21%
    Outside of Metro Areas 235 $34,035,000 $144,830 $5,713 3.30%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 203 $30,325,000 $149,384 $4,130 3.34%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 164 $28,250,000 $172,256 $5,812 3.23%
    COLUMBUS, OH (FHA|USDA|VA) 138 $26,770,000 $193,986 $5,700 3.25%
    London, KY (FHA|USDA|VA) 152 $26,200,000 $172,368 $5,884 3.21%
    AKRON, OH (FHA|USDA|VA) 138 $23,260,000 $168,551 $5,733 3.14%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 102 $23,230,000 $227,745 $3,258 2.84%
    FORT WAYNE, IN (FHA|USDA|VA) 121 $22,265,000 $184,008 $4,080 3.28%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 98 $15,780,000 $161,020 $5,248 3.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 80 $15,360,000 $192,000 $6,030 3.28%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 79 $14,115,000 $178,671 $6,550 3.12%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 35 $7,475,000 $213,571 $8,903 3.24%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 37 $7,345,000 $198,514 $7,089 3.14%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 30 $6,580,000 $219,333 $7,546 3.29%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 44 $5,890,000 $133,864 $6,064 3.23%
    Findlay, OH (FHA|USDA|VA) 34 $5,310,000 $156,176 $5,707 3.04%
    Marietta, OH (FHA|USDA|VA) 35 $5,015,000 $143,286 $5,548 3.36%
    WHEELING, WV-OH (FHA|USDA|VA) 28 $4,510,000 $161,071 $4,694 3.33%
    Portsmouth, OH (FHA|USDA|VA) 37 $4,415,000 $119,324 $6,721 3.33%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 24 $4,090,000 $170,417 $6,252 3.07%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 21 $3,975,000 $189,286 $6,092 3.02%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 16 $3,830,000 $239,375 $8,331 3.12%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 13 $3,365,000 $258,846 $11,480 3.07%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 17 $3,355,000 $197,353 $7,252 3.10%
    Tiffin, OH (FHA|USDA|VA) 26 $3,250,000 $125,000 $6,000 3.29%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,210,000 $229,286 $8,737 3.15%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 10 $2,930,000 $293,000 $11,203 3.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 11 $2,825,000 $256,818 $5,880 3.22%
    RALEIGH-CARY, NC (FHA|USDA|VA) 12 $2,680,000 $223,333 $8,311 3.17%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $2,605,000 $200,385 $8,206 3.27%
    KNOXVILLE, TN (FHA|USDA|VA) 12 $2,470,000 $205,833 $8,179 3.01%
    TOLEDO, OH (FHA|USDA|VA) 14 $2,360,000 $168,571 $6,555 3.11%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $2,290,000 $286,250 $11,750 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,260,000 $282,500 $6,470 3.20%
    Wooster, OH (FHA|USDA|VA) 11 $2,205,000 $200,455 $5,705 3.30%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $2,110,000 $175,833 $7,186 3.33%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $2,080,000 $346,667 $9,937 3.21%
    Somerset, KY (FHA|USDA|VA) 13 $2,065,000 $158,846 $6,753 3.37%
    Salem, OH (FHA|USDA|VA) 13 $2,055,000 $158,077 $3,425 3.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 12 $2,050,000 $170,833 $6,871 3.16%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $1,975,000 $179,545 $8,735 3.20%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 8 $1,920,000 $240,000 $5,246 2.89%
    Greenville, OH (FHA|USDA|VA) 11 $1,895,000 $172,273 $5,166 3.10%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 11 $1,885,000 $171,364 $5,021 3.24%
    COLUMBIA, SC (FHA|USDA|VA) 8 $1,830,000 $228,750 $9,780 3.08%
    Warsaw, IN (FHA|USDA|VA) 12 $1,820,000 $151,667 $3,788 3.34%
    Chillicothe, OH (FHA|USDA|VA) 9 $1,655,000 $183,889 $7,182 3.26%
    WINSTON-SALEM, NC (FHA|USDA|VA) 10 $1,630,000 $163,000 $6,640 3.24%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $1,565,000 $223,571 $7,695 2.93%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $1,510,000 $188,750 $8,318 3.14%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $1,485,000 $297,000 $9,887 3.13%
    Huntington, IN (FHA|USDA|VA) 8 $1,460,000 $182,500 $4,148 3.41%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,455,000 $207,857 $8,259 3.15%
    Auburn, IN (FHA|USDA|VA) 9 $1,445,000 $160,556 $4,095 3.24%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $1,430,000 $238,333 $7,595 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $9,146 3.10%
    WORCESTER, MA-CT (FHA|USDA|VA) 5 $1,385,000 $277,000 $9,209 3.18%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $1,345,000 $269,000 $8,404 3.00%
    PITTSBURGH, PA (FHA|USDA|VA) 7 $1,325,000 $189,286 $7,662 3.43%
    Holland, MI (FHA|USDA|VA) 5 $1,215,000 $243,000 $3,866 2.60%
    Zanesville, OH (FHA|USDA|VA) 7 $1,205,000 $172,143 $7,120 3.27%
    SPRINGFIELD, OH (FHA|USDA|VA) 9 $1,185,000 $131,667 $4,944 3.01%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 5 $1,175,000 $235,000 $6,909 2.78%
    Jackson, OH (FHA|USDA|VA) 6 $1,070,000 $178,333 $6,759 3.33%
    Cambridge, OH (FHA|USDA|VA) 7 $1,015,000 $145,000 $4,124 3.09%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,010,000 $252,500 $9,730 3.41%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $990,000 $165,000 $7,851 3.21%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $940,000 $156,667 $6,536 3.27%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $930,000 $232,500 $9,142 3.06%
    MANSFIELD, OH (FHA|USDA|VA) 5 $925,000 $185,000 $7,948 3.43%
    Bellefontaine, OH (FHA|USDA|VA) 3 $915,000 $305,000 $8,184 3.29%
    Coshocton, OH (FHA|USDA|VA) 6 $910,000 $151,667 $6,647 3.44%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $860,000 $215,000 $10,023 3.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $860,000 $215,000 $7,267 3.47%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 5 $855,000 $171,000 $6,896 3.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $845,000 $281,667 $5,728 3.42%
    Bluffton, IN (FHA|USDA|VA) 4 $840,000 $210,000 $5,801 3.25%
    CHARLESTON, WV (FHA|USDA|VA) 6 $770,000 $128,333 $6,629 3.31%
    Wapakoneta, OH (FHA|USDA|VA) 4 $770,000 $192,500 $4,399 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $745,000 $248,333 $6,358 3.04%
    Kendallville, IN (FHA|USDA|VA) 4 $740,000 $185,000 $4,654 3.09%
    READING, PA (FHA|USDA|VA) 4 $700,000 $175,000 $10,268 3.56%
    WILMINGTON, NC (FHA|USDA|VA) 4 $680,000 $170,000 $6,409 2.97%
    FLINT, MI (FHA|USDA|VA) 5 $675,000 $135,000 $4,820 3.35%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $645,000 $215,000 $4,914 3.17%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $630,000 $315,000 $11,000 2.56%
    DULUTH, MN-WI (FHA|USDA|VA) 3 $625,000 $208,333 $7,735 3.46%
    Crossville, TN (FHA|USDA|VA) 3 $625,000 $208,333 $7,635 3.50%
    LIMA, OH (FHA|USDA|VA) 4 $620,000 $155,000 $6,514 3.16%
    Greeneville, TN (FHA|USDA|VA) 3 $615,000 $205,000 $7,343 3.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 5 $615,000 $123,000 $4,857 3.58%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $600,000 $150,000 $7,459 3.25%
    Sidney, OH (FHA|USDA|VA) 3 $595,000 $198,333 $7,070 3.00%
    Wilmington, OH (FHA|USDA|VA) 4 $580,000 $145,000 $5,526 3.28%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $580,000 $290,000 $6,033 3.19%
    Fremont, OH (FHA|USDA|VA) 4 $570,000 $142,500 $5,145 3.06%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $570,000 $142,500 $7,121 3.28%
    Washington Court House, OH (FHA|USDA|VA) 4 $550,000 $137,500 $3,895 3.41%
    BURLINGTON, NC (FHA|USDA|VA) 3 $545,000 $181,667 $7,749 3.25%
    Angola, IN (FHA|USDA|VA) 3 $545,000 $181,667 $5,022 3.08%
    Key West, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,697 3.50%
    Athens, OH (FHA|USDA|VA) 4 $540,000 $135,000 $6,223 3.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $530,000 $265,000 $5,426 2.94%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $530,000 $265,000 $15,697 3.31%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $525,000 $175,000 $5,664 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $515,000 $171,667 $7,055 3.46%
    LINCOLN, NE (FHA|USDA|VA) 2 $500,000 $250,000 $9,111 3.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $490,000 $245,000 $7,933 3.19%
    Ashtabula, OH (FHA|USDA|VA) 3 $485,000 $161,667 $7,569 3.58%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $480,000 $240,000 $10,855 3.19%
    Van Wert, OH (FHA|USDA|VA) 1 $455,000 $455,000 $3,287 3.25%
    Decatur, IN (FHA|USDA|VA) 3 $445,000 $148,333 $3,354 3.17%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $435,000 $145,000 $7,681 3.13%
    FLORENCE, SC (FHA|USDA|VA) 3 $425,000 $141,667 $6,026 3.29%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $420,000 $210,000 $7,896 3.38%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $415,000 $138,333 $6,064 2.92%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $410,000 $205,000 $7,578 2.81%
    Wabash, IN (FHA|USDA|VA) 3 $395,000 $131,667 $4,494 4.08%
    Owatonna, MN (FHA|USDA|VA) 2 $380,000 $190,000 $6,951 3.31%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $380,000 $190,000 $8,273 3.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $370,000 $185,000 $7,994 3.00%
    Cookeville, TN (FHA|USDA|VA) 2 $370,000 $185,000 $5,704 3.06%
    LEBANON, PA (FHA|USDA|VA) 2 $370,000 $185,000 $8,114 3.56%
    Brevard, NC (FHA|USDA|VA) 1 $365,000 $365,000 $6,029 2.25%
    Mount Sterling, KY (FHA|USDA|VA) 3 $365,000 $121,667 $6,705 3.63%
    Georgetown, SC (FHA|USDA|VA) 1 $355,000 $355,000 $9,635 3.25%
    JACKSON, TN (FHA|USDA|VA) 2 $350,000 $175,000 $7,936 3.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $350,000 $175,000 $8,568 3.19%
    Albemarle, NC (FHA|USDA|VA) 2 $350,000 $175,000 $5,972 3.12%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $350,000 $175,000 $4,329 2.56%
    Bardstown, KY (FHA|USDA|VA) 2 $350,000 $175,000 $7,533 3.19%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $345,000 $345,000 $18,376 2.75%
    Lewisburg, TN (FHA|USDA|VA) 2 $330,000 $165,000 $9,281 3.25%
    Bemidji, MN (FHA|USDA|VA) 2 $330,000 $165,000 $5,585 3.44%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $325,000 $325,000 $7,602 3.38%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $320,000 $160,000 $6,040 3.19%
    Norwalk, OH (FHA|USDA|VA) 1 $315,000 $315,000 $3,601 3.25%
    MANKATO, MN (FHA|USDA|VA) 1 $315,000 $315,000 $10,703 3.50%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $310,000 $155,000 $3,096 2.56%
    Union City, TN (FHA|USDA|VA) 1 $305,000 $305,000 $9,570 3.25%
    Sandusky, OH (FHA|USDA|VA) 2 $300,000 $150,000 $7,262 3.19%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $290,000 $145,000 $7,537 3.00%
    NEW BERN, NC (FHA|USDA|VA) 2 $290,000 $145,000 $5,186 3.06%
    Maysville, KY (FHA|USDA|VA) 3 $285,000 $95,000 $4,015 3.46%
    Mount Vernon, OH (FHA|USDA|VA) 2 $280,000 $140,000 $4,971 2.94%
    New Castle, IN (FHA|USDA|VA) 2 $280,000 $140,000 $5,948 3.38%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $280,000 $140,000 $6,221 3.25%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $275,000 $275,000 $7,641 2.50%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $16,020 2.88%
    Scottsburg, IN (FHA|USDA|VA) 1 $255,000 $255,000 $7,959 3.75%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $255,000 $255,000 $8,409 3.25%
    Newport, TN (FHA|USDA|VA) 1 $245,000 $245,000 $13,475 2.75%
    Logansport, IN (FHA|USDA|VA) 1 $245,000 $245,000 $3,078 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $9,014 3.38%
    JONESBORO, AR (FHA|USDA|VA) 1 $225,000 $225,000 $6,890 2.75%
    SAVANNAH, GA (FHA|USDA|VA) 1 $225,000 $225,000 $8,277 2.25%
    Richmond, IN (FHA|USDA|VA) 2 $220,000 $110,000 $5,786 2.81%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $215,000 $215,000 $12,067 2.75%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $9,108 4.13%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $215,000 $215,000 $6,228 2.88%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $215,000 $215,000 $2,531 2.63%
    VALDOSTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $12,217 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $215,000 $215,000 $9,260 3.50%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $205,000 $205,000 $7,401 3.13%
    Torrington, CT (FHA|USDA|VA) 1 $195,000 $195,000 $12,374 2.99%
    Kearney, NE (FHA|USDA|VA) 1 $195,000 $195,000 $10,638 3.13%
    ROCHESTER, MN (FHA|USDA|VA) 1 $195,000 $195,000 $6,999 3.50%
    Traverse City, MI (FHA|USDA|VA) 1 $195,000 $195,000 $6,698 3.38%
    Cambridge, MD (FHA|USDA|VA) 1 $185,000 $185,000 $7,626 3.50%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $185,000 $185,000 $7,529 3.25%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $11,112 3.25%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $185,000 $185,000 $2,230 3.25%
    GREENVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $5,521 3.13%
    Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $10,086 3.45%
    Middlesborough, KY (FHA|USDA|VA) 1 $175,000 $175,000 $3,419 3.25%
    Urbana, OH (FHA|USDA|VA) 1 $175,000 $175,000 $4,666 3.25%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $175,000 $175,000 $3,593 2.63%
    Marion, OH (FHA|USDA|VA) 1 $175,000 $175,000 $6,978 3.38%
    Mount Airy, NC (FHA|USDA|VA) 1 $175,000 $175,000 $5,718 3.50%
    Wilson, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,941 3.50%
    Seneca, SC (FHA|USDA|VA) 1 $175,000 $175,000 $10,175 3.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,811 3.38%
    Morehead City, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,256 3.38%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $7,256 3.38%
    Plymouth, IN (FHA|USDA|VA) 1 $165,000 $165,000 $6,496 2.88%
    Lewistown, PA (FHA|USDA|VA) 1 $165,000 $165,000 $10,970 2.88%
    Pottsville, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,211 2.88%
    JACKSON, MI (FHA|USDA|VA) 1 $165,000 $165,000 $6,947 3.25%
    ALBANY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $6,717 2.75%
    Shelbyville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,764 3.50%
    Calhoun, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,757 3.50%
    Brainerd, MN (FHA|USDA|VA) 1 $165,000 $165,000 $6,369 3.50%
    Bedford, IN (FHA|USDA|VA) 1 $165,000 $165,000 $6,503 2.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $9,954 3.75%
    MUSKEGON, MI (FHA|USDA|VA) 1 $165,000 $165,000 $6,096 3.88%
    SAGINAW, MI (FHA|USDA|VA) 1 $155,000 $155,000 $8,942 3.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $9,517 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,256 3.00%
    RAPID CITY, SD (FHA|USDA|VA) 1 $155,000 $155,000 $6,816 3.38%
    DALTON, GA (FHA|USDA|VA) 1 $155,000 $155,000 $9,067 3.25%
    Rockingham, NC (FHA|USDA|VA) 1 $155,000 $155,000 $8,189 2.88%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,494 3.25%
    Alexandria, MN (FHA|USDA|VA) 1 $145,000 $145,000 $4,608 3.50%
    ERIE, PA (FHA|USDA|VA) 1 $145,000 $145,000 $6,780 3.38%
    Marion, NC (FHA|USDA|VA) 1 $145,000 $145,000 $8,747 3.50%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $1,917 2.75%
    Fergus Falls, MN (FHA|USDA|VA) 1 $135,000 $135,000 $4,782 3.50%
    LANCASTER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,619 3.50%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $135,000 $135,000 $9,654 3.25%
    Ashland, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,360 3.38%
    Lumberton, NC (FHA|USDA|VA) 1 $135,000 $135,000 $6,173 3.38%
    HINESVILLE, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,826 2.75%
    Arkadelphia, AR (FHA|USDA|VA) 1 $125,000 $125,000 $4,959 2.88%
    Red Wing, MN (FHA|USDA|VA) 1 $125,000 $125,000 $5,872 3.50%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $125,000 $125,000 $5,318 2.88%
    St. Marys, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,540 2.75%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $7,100 3.25%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $4,809 2.88%
    Frankfort, KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,767 4.13%
    Fairmont, WV (FHA|USDA|VA) 1 $115,000 $115,000 $5,527 3.50%
    SUMTER, SC (FHA|USDA|VA) 1 $115,000 $115,000 $2,676 2.63%
    Defiance, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,366 3.63%
    Scottsbluff, NE (FHA|USDA|VA) 1 $115,000 $115,000 $4,592 2.99%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $105,000 $105,000 $6,959 2.88%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $105,000 $105,000 $8,199 2.99%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $95,000 $95,000 $6,098 3.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $95,000 $95,000 $4,523 2.88%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $75,000 $75,000 $4,682 3.50%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,864 3.38%
    BECKLEY, WV (FHA|USDA|VA) 1 $55,000 $55,000 $4,191 3.25%
    Polaris Home Funding Corp.'s top markets include Cincinnati, Weirton, Canton, Columbus, and London among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    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.

    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 36
    BEACON CREDIT UNION
    Similarity Rank: 144
    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Community West Credit Union
    Similarity Rank: 306
    KENT COUNTY CREDIT UNION
    Similarity Rank: 316
    Crossroads Bank
    Similarity Rank: 330
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    Commercial Bank
    Similarity Rank: 357
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,535 $288,525,000 $187,964 $4,742 3.20%
    FHA 800 $130,530,000 $163,163 $7,773 3.32%
    USDA 264 $37,620,000 $142,500 $5,810 3.21%
    VA 210 $44,370,000 $211,286 $7,782 3.01%

    For 2021, Polaris Home Funding Corp.'s most frequently originated type of loan was Conventional, with 1,535 originations. Their 2nd most popular type was FHA, with 800 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,509 $255,985,000 $169,639 $5,751 3.29%
    Cash Out Refi 700 $134,610,000 $192,300 $7,344 3.24%
    Refi 479 $86,545,000 $180,678 $4,181 2.93%
    Other 105 $20,475,000 $195,000 $7,326 3.30%
    Home Improvement 16 $3,430,000 $214,375 $4,912 3.14%

    For 2021, Polaris Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 1,509 originations. The 2nd most popular reason was Cash Out Refi, with 700 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,502 $448,090,000 $179,093 $6,110 3.27%
    15 Year 204 $35,350,000 $173,284 $4,372 2.65%
    20 Year 55 $8,715,000 $158,455 $4,446 3.22%
    Other 42 $7,890,000 $187,857 $5,559 3.07%
    10 Year 6 $1,000,000 $166,667 $2,109 2.63%

    For 2021, Polaris Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 2,502 originations. The 2nd most popular length was 15 Year, with 204 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 601 $90,995,000 $151,406
    $1k-2k 583 $97,315,000 $166,921
    $3k-4k 477 $81,555,000 $170,975
    $<1k 406 $66,240,000 $163,153
    $4k-5k 297 $56,855,000 $191,431
    $5k+ 283 $76,155,000 $269,099

    Polaris Home Funding Corp.'s average total fees were $6,110, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 601 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,778 $303,570,000 $170,737
    2.5-3% 806 $156,380,000 $194,020
    <2.5% 151 $29,715,000 $196,788
    4-5% 74 $11,380,000 $153,784

    During 2021, Polaris Home Funding Corp.'s average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 1,778 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,654 $246,280,000 $148,900 $5,611 3.23%
    $200k-400k 779 $205,465,000 $263,755 $7,145 3.12%
    $100,000 or less 326 $25,970,000 $79,663 $4,227 3.40%
    $400k-600k 48 $21,930,000 $456,875 $8,768 3.13%
    $600k-1MM 2 $1,400,000 $700,000 $12,263 3.00%

    2021 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 1,654 originations, totaling $246,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,071 $148,585,000 $138,735 $5,614 3.27%
    $50k-75k 885 $153,955,000 $173,960 $6,202 3.25%
    $75k-100k 429 $89,245,000 $208,030 $6,119 3.16%
    $100k-150k 300 $71,790,000 $239,300 $5,923 3.12%
    $150k-250k 106 $31,610,000 $298,208 $6,558 3.04%
    $250k+ 18 $5,860,000 $325,556 $3,921 2.86%

    Polaris Home Funding Corp. lent most frequently to those with incomes in the $50k or less range, with 1,071 originations. The second most popular income band? $50k-75k, with 885 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 516 $84,420,000 $163,605 $4,827 3.18%
    30-36% 474 $83,400,000 $175,949 $5,787 3.23%
    50-60% 233 $42,145,000 $180,880 $7,986 3.23%
    44% 142 $27,490,000 $193,592 $6,068 3.28%
    <20% 136 $23,800,000 $175,000 $4,747 3.05%
    40% 116 $20,270,000 $174,741 $5,896 3.26%
    43% 110 $20,710,000 $188,273 $6,025 3.30%
    42% 106 $18,570,000 $175,189 $5,631 3.24%
    37% 103 $17,275,000 $167,718 $5,979 3.32%
    38% 94 $17,550,000 $186,702 $6,030 3.32%
    41% 94 $17,170,000 $182,660 $6,279 3.21%
    39% 82 $15,190,000 $185,244 $6,344 3.23%
    36% 74 $14,200,000 $191,892 $5,880 3.22%
    49% 74 $15,510,000 $209,595 $6,316 3.17%
    45% 66 $10,830,000 $164,091 $6,200 3.16%
    48% 59 $11,545,000 $195,678 $6,674 3.12%
    >60% 57 $9,855,000 $172,895 $7,034 3.34%
    47% 51 $9,635,000 $188,922 $6,891 3.20%
    46% 48 $8,940,000 $186,250 $6,400 3.26%

    Polaris Home Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 516 originations. The next most common DTI ratio? 30-36%, with 474 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,607 $462,805,000 $177,524 $5,819 3.22%
    Black 139 $25,735,000 $185,144 $7,959 3.26%
    Not provided 30 $5,660,000 $188,667 $5,535 3.30%
    Asian 18 $3,410,000 $189,444 $6,270 2.98%
    Not applicable 5 $1,065,000 $213,000 $9,285 3.50%
    Native Hawaiian or Islander 5 $1,015,000 $203,000 $8,888 3.20%
    Other Asian 2 $830,000 $415,000 $3,501 2.81%
    Asian Indian 1 $235,000 $235,000 $2,522 2.13%
    Chinese 1 $165,000 $165,000 $9,555 3.00%
    Filipino 1 $125,000 $125,000 $4,026 3.63%

    Approval Rates

    Total approvals of all applications
    95.14%

    Polaris Home Funding Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.05%

    Polaris Home Funding Corp. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,809 $501,045,000 $178,371

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,809 $501,045,000 $178,371

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $5,920,000 $155,789 $4,255 2.96%
    40-60% 182 $31,130,000 $171,044 $5,122 3.06%
    60-80% 864 $160,030,000 $185,220 $5,639 3.19%
    80-100% 1,688 $295,820,000 $175,249 $6,118 3.26%
    Over 100% 34 $7,670,000 $225,588 $10,599 3.24%
    Under 20% 3 $475,000 $158,333 $5,690 2.88%