Polaris Home Funding Corp. Mortgage Rates, Fees & Info
Englewood, FLLEI: 54930063578UDYE3JR69
Tax ID: 38-3601693
3.3 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Cincinnati, Weirton, Canton, Columbus, and London among others. Polaris Home Funding Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Polaris Home Funding Corp. is typically a high fee lendor.Originations
2,809Origination Dollar Volume (All Markets)
$501,045,000Awards
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POLARIS HOME FUNDING CORP. - 2021
POLARIS HOME FUNDING CORP. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Polaris Home Funding Corp.'s average 30 year fixed rate mortgage of loans were
3.27%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.12%.
Relative Fees
Polaris Home Funding Corp.'s average total fees for a 30 year fixed rate
mortgage are $6,110.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Polaris Home Funding Corp.'s most frequently originated loan type of loans were Conventional, with 1,535 originations. Their 2nd most popular type is FHA, with 800 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Polaris Home Funding Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 1,509 originations. The 2nd most popular reason of loans were 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 the 2021, Polaris Home Funding Corp.'s most frequently cited loan length of loans were 30 Year, with 2,502 originations. The 2nd most popular length of loans were 15 Year, with 204 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 774 | $138,410,000 | $178,824 |
| $2k-3k | 601 | $90,995,000 | $151,406 |
| $1k-2k | 583 | $97,315,000 | $166,921 |
| $<1k | 406 | $66,240,000 | $163,153 |
| $5k+ | 283 | $76,155,000 | $269,099 |
$6,110 of loans were Polaris Home Funding Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 774 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 of loans were 3.27%, while their most frequently originated rate bucket of loans were 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 | 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 applications92.62%
Polaris Home Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination77.22%
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% |
