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 Cash Out Refi 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, Cleveland, Canton, Fort Wayne, and Grand Rapids among others. We have data for 173 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.94% | 4/18/24 |
| 30 Year Conventional Refi | 6.63% | 4/18/24 |
| 30 Year Cash-out Refi | 7.02% | 4/18/24 |
| 30 Year FHA Purchase | 7.54% | 4/18/24 |
| 30 Year FHA Refi | 7.43% | 4/18/24 |
| 30 Year VA Purchase | 6.45% | 4/18/24 |
| 30 Year VA Refi | 5.73% | 4/18/24 |
| 30 Year USDA Purchase | 6.74% | 4/18/24 |
| 15 Year Conventional Purchase | 6.44% | 4/18/24 |
| 15 Year Conventional Refi | 6.13% | 4/18/24 |
| 15 Year Cash-out Refi | 6.13% | 4/18/24 |
| 15 Year VA Purchase | 5.68% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,593Origination Dollar Volume (All Markets)
$237,085,000Awards
POLARIS HOME FUNDING CORP. - 2018
POLARIS HOME FUNDING CORP. is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 206 | $31,220,000 | $151,553 | $5,612 | 5.01% |
| Outside of Metro Areas | 134 | $15,940,000 | $118,955 | $5,195 | 4.91% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 90 | $14,520,000 | $161,333 | $7,430 | 4.84% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 83 | $12,105,000 | $145,843 | $6,317 | 4.95% |
| FORT WAYNE, IN (FHA|USDA|VA) | 66 | $10,950,000 | $165,909 | $6,009 | 5.03% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 62 | $10,880,000 | $175,484 | $4,565 | 4.67% |
| COLUMBUS, OH (FHA|USDA|VA) | 61 | $10,435,000 | $171,066 | $6,181 | 4.84% |
| London, KY (FHA|USDA|VA) | 66 | $8,690,000 | $131,667 | $5,527 | 4.86% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 60 | $8,240,000 | $137,333 | $5,796 | 4.99% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 63 | $7,895,000 | $125,317 | $4,124 | 5.07% |
| AKRON, OH (FHA|USDA|VA) | 39 | $5,215,000 | $133,718 | $6,328 | 4.92% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 23 | $5,215,000 | $226,739 | $11,224 | 4.84% |
| Greenville, OH (FHA|USDA|VA) | 48 | $4,750,000 | $98,958 | $4,082 | 4.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 22 | $4,400,000 | $200,000 | $9,563 | 4.73% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 29 | $4,235,000 | $146,034 | $6,342 | 4.95% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 21 | $3,585,000 | $170,714 | $7,669 | 4.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 19 | $3,275,000 | $172,368 | $7,944 | 4.83% |
| Marietta, OH (FHA|USDA|VA) | 26 | $3,010,000 | $115,769 | $5,044 | 4.87% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 18 | $2,960,000 | $164,444 | $5,908 | 4.92% |
| Mount Vernon, OH (FHA|USDA|VA) | 21 | $2,535,000 | $120,714 | $4,186 | 5.10% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 19 | $2,405,000 | $126,579 | $4,919 | 5.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $2,315,000 | $210,455 | $9,967 | 4.74% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 17 | $2,295,000 | $135,000 | $5,817 | 4.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $13,261 | 4.73% |
| Findlay, OH (FHA|USDA|VA) | 11 | $1,325,000 | $120,455 | $5,710 | 5.07% |
| Richmond, IN (FHA|USDA|VA) | 13 | $1,215,000 | $93,462 | $3,575 | 5.03% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $1,180,000 | $196,667 | $8,494 | 4.81% |
| Auburn, IN (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $6,587 | 5.04% |
| MUNCIE, IN (FHA|USDA|VA) | 11 | $1,105,000 | $100,455 | $3,653 | 5.09% |
| TOLEDO, OH (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $7,918 | 4.57% |
| Celina, OH (FHA|USDA|VA) | 10 | $1,050,000 | $105,000 | $4,450 | 5.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 8 | $1,050,000 | $131,250 | $5,136 | 4.91% |
| Wapakoneta, OH (FHA|USDA|VA) | 11 | $1,045,000 | $95,000 | $4,023 | 5.05% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $9,234 | 4.73% |
| Tiffin, OH (FHA|USDA|VA) | 9 | $915,000 | $101,667 | $5,954 | 5.11% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $6,783 | 4.97% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $7,787 | 5.03% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $9,417 | 4.83% |
| Holland, MI (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,196 | 4.75% |
| Huntington, IN (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $5,374 | 5.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $10,638 | 4.96% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $9,720 | 4.88% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $6,141 | 5.31% |
| Coshocton, OH (FHA|USDA|VA) | 8 | $840,000 | $105,000 | $4,336 | 5.14% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $7,385 | 4.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $11,694 | 4.92% |
| Somerset, KY (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $4,635 | 4.80% |
| FLINT, MI (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $6,686 | 4.80% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $8,644 | 4.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $8,650 | 5.03% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $8,682 | 4.53% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $12,570 | 4.58% |
| Portsmouth, OH (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $5,919 | 5.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $10,361 | 4.58% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $7,215 | 5.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $10,984 | 4.75% |
| RACINE, WI (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $10,577 | 4.67% |
| Zanesville, OH (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $4,510 | 4.88% |
| Angola, IN (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $9,167 | 4.88% |
| Salem, OH (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $7,174 | 4.83% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $16,539 | 4.88% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $8,648 | 4.42% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $5,996 | 5.13% |
| Sidney, OH (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $14,064 | 4.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,158 | 5.13% |
| ERIE, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $7,605 | 4.94% |
| WHEELING, WV-OH (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $3,502 | 5.00% |
| Wooster, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,041 | 4.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $9,044 | 4.88% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $8,145 | 4.54% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,306 | 5.13% |
| Bluffton, IN (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,818 | 4.75% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,695 | 5.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $12,951 | 5.06% |
| Fremont, OH (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $5,088 | 5.31% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $11,092 | 4.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,732 | 4.88% |
| Jackson, OH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,714 | 4.88% |
| Danville, KY (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $5,480 | 4.92% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $13,098 | 4.69% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,952 | 5.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,152 | 4.88% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,232 | 4.75% |
| Ashland, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,157 | 4.81% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,379 | 4.75% |
| Wabash, IN (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,649 | 4.92% |
| Decatur, IN (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $4,196 | 4.67% |
| New Castle, IN (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $4,047 | 5.22% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,067 | 4.81% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,137 | 4.88% |
| Connersville, IN (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,992 | 4.79% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,823 | 4.94% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $9,763 | 5.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,102 | 4.50% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,106 | 5.25% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,082 | 4.94% |
| Urbana, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,543 | 4.44% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $19,486 | 4.75% |
| LIMA, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,324 | 5.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,415 | 4.50% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $6,883 | 4.88% |
| Union City, TN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $7,168 | 5.31% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,694 | 5.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,152 | 4.50% |
| Van Wert, OH (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $3,685 | 4.92% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,872 | 4.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,830 | 4.63% |
| DALTON, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,497 | 4.88% |
| Torrington, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,598 | 4.50% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,206 | 5.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,009 | 4.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,461 | 4.88% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,251 | 4.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,793 | 4.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,631 | 4.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,397 | 5.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,662 | 4.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,830 | 4.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,499 | 4.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,950 | 4.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,954 | 4.63% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,265 | 5.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,725 | 5.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,710 | 4.75% |
| READING, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,816 | 4.75% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,292 | 4.88% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,019 | 4.50% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,683 | 5.19% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,378 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,681 | 4.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,398 | 4.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,841 | 4.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,581 | 4.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,488 | 4.88% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,037 | 4.75% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,271 | 4.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,285 | 4.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,835 | 4.88% |
| Ashtabula, OH (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $3,731 | 5.33% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,830 | 5.25% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,337 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,987 | 5.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,280 | 5.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,532 | 4.88% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,158 | 4.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,792 | 4.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,352 | 3.88% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,736 | 5.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $11,642 | 4.63% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,137 | 4.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,808 | 5.38% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,670 | 4.50% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,401 | 4.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,667 | 4.88% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,919 | 4.88% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,677 | 4.75% |
| MONROE, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,954 | 4.88% |
| Shelby, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,648 | 4.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,748 | 4.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,023 | 4.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,234 | 4.88% |
| MADISON, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,731 | 4.75% |
| Adrian, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,774 | 5.63% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,126 | 5.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,250 | 4.88% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,826 | 4.63% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,995 | 4.88% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,265 | 4.63% |
| Athens, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,688 | 4.88% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,150 | 5.38% |
| Marion, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,893 | 5.25% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,950 | 5.25% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,784 | 5.50% |
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Product Mix
For 2018, Polaris Home Funding Corp.'s most frequently originated type of loan was FHA, with 673 originations. Their 2nd most popular type was USDA, with 395 originations.
Loan Reason
For 2018, Polaris Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 1,189 originations. The 2nd most popular reason was Cash Out Refi, with 364 originations.
Loan Duration/Length
For 2018, Polaris Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 1,541 originations. The 2nd most popular length was 15 Year, with 31 originations.
Origination Fees/Closing Costs
Polaris Home Funding Corp.'s average total fees were $6,159, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 551 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,031 | $163,505,000 | $158,589 |
| 5-6% | 531 | $68,575,000 | $129,143 |
| 3-4% | 30 | $4,880,000 | $162,667 |
| 6-7% | 1 | $125,000 | $125,000 |
During 2018, Polaris Home Funding Corp.'s average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 1,031 originations.
Loan Sizing
2018 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 926 originations, totaling $134,010,000 in origination value.
Applicant Income
Polaris Home Funding Corp. lent most frequently to those with incomes in the $50k or less range, with 693 originations. The second most popular income band? $50k-75k, with 536 originations.
Applicant Debt to Income Ratio
Polaris Home Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 270 originations. The next most common DTI ratio? 50-60%, with 255 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.33%
Polaris Home Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination73.07%
Polaris Home Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,593 | $237,085,000 | $148,829 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $715,000 | $102,143 |
| Single Family (1-4 Units):Site-Built | 1,586 | $236,370,000 | $149,035 |