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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.94% | 5/28/23 |
| 30 Year Conventional Refi | 6.63% | 5/28/23 |
| 30 Year Cash-out Refi | 7.02% | 5/28/23 |
| 30 Year FHA Purchase | 7.54% | 5/28/23 |
| 30 Year FHA Refi | 7.43% | 5/28/23 |
| 30 Year VA Purchase | 6.45% | 5/28/23 |
| 30 Year VA Refi | 5.73% | 5/28/23 |
| 30 Year USDA Purchase | 6.74% | 5/28/23 |
| 15 Year Conventional Purchase | 6.44% | 5/28/23 |
| 15 Year Conventional Refi | 6.13% | 5/28/23 |
| 15 Year Cash-out Refi | 6.13% | 5/28/23 |
| 15 Year VA Purchase | 5.68% | 5/28/23 |
| 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. | ||
Polaris Home Funding Corp. Mortgage Calculator
Your Estimates
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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
1,625Origination Dollar Volume (All Markets)
$304,395,000Awards
POLARIS HOME FUNDING CORP. - 2022
POLARIS HOME FUNDING CORP. is a 2022 , due to their low .
For 2022, 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
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% |
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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 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
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
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
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
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
2022 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 895 originations, totaling $134,345,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications92.18%
Polaris Home Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination67.94%
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 |