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 Columbus among others. We have data for 209 markets. (Some data included below & more in-depth data is available with an active subscription.)Polaris Home Funding Corp. has an 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.63% | 4/22/24 |
| 30 Year Cash-out Refi | 7.02% | 4/22/24 |
| 30 Year FHA Purchase | 7.54% | 4/22/24 |
| 30 Year FHA Refi | 7.43% | 4/22/24 |
| 30 Year VA Purchase | 6.45% | 4/22/24 |
| 30 Year VA Refi | 5.73% | 4/22/24 |
| 30 Year USDA Purchase | 6.74% | 4/22/24 |
| 15 Year Conventional Purchase | 6.44% | 4/22/24 |
| 15 Year Conventional Refi | 6.13% | 4/22/24 |
| 15 Year Cash-out Refi | 6.13% | 4/22/24 |
| 15 Year VA Purchase | 5.68% | 4/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Polaris Home Funding Corp. Mortgage Calculator
Your Estimates
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This is not an official calculator from Polaris Home Funding Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,350Origination Dollar Volume (All Markets)
$372,400,000Awards
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POLARIS HOME FUNDING CORP. - 2019
POLARIS HOME FUNDING CORP. is a 2019 , due to their low .
For 2019, 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) | 296 | $46,330,000 | $156,520 | $5,807 | 4.51% |
| Outside of Metro Areas | 176 | $22,350,000 | $126,989 | $5,031 | 4.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 128 | $21,570,000 | $168,516 | $7,067 | 4.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 133 | $19,725,000 | $148,308 | $6,285 | 4.31% |
| FORT WAYNE, IN (FHA|USDA|VA) | 111 | $19,095,000 | $172,027 | $6,146 | 4.35% |
| COLUMBUS, OH (FHA|USDA|VA) | 101 | $17,765,000 | $175,891 | $6,610 | 4.30% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 79 | $16,005,000 | $202,595 | $3,923 | 4.22% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 124 | $15,270,000 | $123,145 | $4,093 | 4.47% |
| AKRON, OH (FHA|USDA|VA) | 89 | $13,715,000 | $154,101 | $6,997 | 4.24% |
| London, KY (FHA|USDA|VA) | 69 | $9,175,000 | $132,971 | $5,449 | 4.52% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 56 | $7,920,000 | $141,429 | $5,611 | 4.35% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 49 | $7,595,000 | $155,000 | $5,812 | 4.30% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 33 | $6,165,000 | $186,818 | $8,707 | 4.34% |
| Greenville, OH (FHA|USDA|VA) | 53 | $5,875,000 | $110,849 | $4,294 | 4.45% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 30 | $5,690,000 | $189,667 | $7,911 | 4.29% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 23 | $5,425,000 | $235,870 | $9,883 | 4.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 26 | $5,250,000 | $201,923 | $7,379 | 4.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 26 | $5,130,000 | $197,308 | $9,846 | 4.25% |
| Findlay, OH (FHA|USDA|VA) | 31 | $4,135,000 | $133,387 | $5,215 | 4.31% |
| Marietta, OH (FHA|USDA|VA) | 28 | $4,020,000 | $143,571 | $5,929 | 4.12% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 18 | $3,840,000 | $213,333 | $9,109 | 4.46% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 13 | $3,805,000 | $292,692 | $13,886 | 4.20% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 20 | $3,110,000 | $155,500 | $8,545 | 4.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,345,000 | $260,556 | $12,703 | 4.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 10 | $2,260,000 | $226,000 | $8,811 | 3.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $2,240,000 | $224,000 | $8,296 | 4.41% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $2,165,000 | $240,556 | $14,439 | 4.01% |
| Holland, MI (FHA|USDA|VA) | 9 | $2,115,000 | $235,000 | $4,256 | 4.19% |
| ASHEVILLE, NC (FHA|USDA|VA) | 9 | $1,925,000 | $213,889 | $9,309 | 4.22% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $1,910,000 | $191,000 | $11,159 | 4.06% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 12 | $1,880,000 | $156,667 | $8,793 | 4.27% |
| Portsmouth, OH (FHA|USDA|VA) | 15 | $1,855,000 | $123,667 | $6,672 | 4.34% |
| TOLEDO, OH (FHA|USDA|VA) | 16 | $1,840,000 | $115,000 | $5,894 | 4.52% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 14 | $1,770,000 | $126,429 | $5,354 | 4.17% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $8,179 | 4.76% |
| Huntington, IN (FHA|USDA|VA) | 11 | $1,665,000 | $151,364 | $6,061 | 4.40% |
| COLUMBIA, SC (FHA|USDA|VA) | 9 | $1,385,000 | $153,889 | $7,711 | 3.92% |
| Richmond, IN (FHA|USDA|VA) | 13 | $1,375,000 | $105,769 | $3,094 | 4.31% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $11,822 | 4.30% |
| WHEELING, WV-OH (FHA|USDA|VA) | 11 | $1,325,000 | $120,455 | $4,689 | 4.49% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $6,868 | 4.17% |
| Zanesville, OH (FHA|USDA|VA) | 8 | $1,300,000 | $162,500 | $5,316 | 4.28% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $11,302 | 4.06% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 11 | $1,275,000 | $115,909 | $5,355 | 4.33% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $10,083 | 3.96% |
| KNOXVILLE, TN (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $7,138 | 4.34% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $10,205 | 3.96% |
| Bluffton, IN (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $6,257 | 4.75% |
| FLINT, MI (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $6,948 | 4.48% |
| Decatur, IN (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $5,605 | 4.70% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $5,092 | 4.45% |
| LIMA, OH (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $6,697 | 4.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $6,190 | 4.20% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $12,207 | 3.95% |
| Wapakoneta, OH (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $4,760 | 4.44% |
| Chillicothe, OH (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $8,139 | 4.31% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $5,117 | 4.16% |
| Somerset, KY (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $5,052 | 4.52% |
| Washington Court House, OH (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $5,304 | 4.52% |
| Tiffin, OH (FHA|USDA|VA) | 11 | $915,000 | $83,182 | $5,279 | 4.40% |
| Cambridge, OH (FHA|USDA|VA) | 7 | $895,000 | $127,857 | $6,272 | 4.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $7,682 | 3.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $7,970 | 4.68% |
| ANN ARBOR, MI (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $8,056 | 4.40% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $8,594 | 4.00% |
| MUNCIE, IN (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $5,384 | 4.67% |
| Auburn, IN (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $7,271 | 3.97% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $10,025 | 4.28% |
| Salem, OH (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $5,869 | 4.90% |
| WILMINGTON, NC (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $7,323 | 4.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $6,158 | 4.35% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $9,586 | 3.68% |
| Sidney, OH (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $3,814 | 4.57% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $9,574 | 4.16% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $12,999 | 5.31% |
| Angola, IN (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $9,466 | 4.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $5,883 | 4.34% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $7,894 | 3.69% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $7,429 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,800 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $9,313 | 4.54% |
| CHARLESTON, WV (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $5,125 | 4.23% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $9,328 | 4.42% |
| Wooster, OH (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $7,746 | 4.50% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $13,991 | 3.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $7,841 | 4.25% |
| Kendallville, IN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,281 | 4.58% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,977 | 3.81% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $11,197 | 4.56% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $8,970 | 3.75% |
| MANSFIELD, OH (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $5,815 | 4.59% |
| MUSKEGON, MI (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $5,415 | 4.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $8,131 | 3.96% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $9,845 | 3.83% |
| Wabash, IN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,286 | 4.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $8,221 | 4.54% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $13,266 | 3.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $9,200 | 3.92% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,841 | 4.63% |
| Van Wert, OH (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $3,994 | 4.63% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,631 | 4.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,126 | 4.00% |
| Ashland, OH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,548 | 3.94% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,296 | 4.00% |
| Torrington, CT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $10,321 | 4.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $6,041 | 4.71% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $7,206 | 4.96% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,938 | 4.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $6,719 | 4.00% |
| ALTOONA, PA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $7,604 | 5.00% |
| New Castle, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,998 | 3.75% |
| Fremont, OH (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $6,052 | 4.33% |
| Jackson, OH (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,750 | 4.21% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,945 | 3.81% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,129 | 4.75% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,012 | 4.19% |
| Coshocton, OH (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $5,266 | 4.08% |
| Peru, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,882 | 4.06% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,170 | 3.94% |
| Glasgow, KY (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,077 | 4.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $9,052 | 3.75% |
| Red Wing, MN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $9,077 | 4.38% |
| Newberry, SC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $7,973 | 4.13% |
| Bellefontaine, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,159 | 3.96% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,751 | 4.63% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,590 | 3.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $8,759 | 4.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $5,369 | 4.92% |
| Sanford, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $7,885 | 4.13% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,697 | 3.69% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $8,557 | 4.06% |
| Celina, OH (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,402 | 4.33% |
| Bedford, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,021 | 3.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,868 | 4.13% |
| Marion, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,509 | 4.75% |
| Urbana, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,008 | 3.63% |
| Crossville, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,242 | 4.44% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,429 | 4.69% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,992 | 4.38% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $17,027 | 3.88% |
| Waycross, GA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,301 | 4.19% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,483 | 3.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,281 | 3.88% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,207 | 3.75% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,611 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,908 | 5.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,643 | 3.75% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,051 | 5.50% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,781 | 4.25% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,817 | 4.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,805 | 3.75% |
| Maysville, KY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $6,071 | 4.94% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $6,868 | 4.75% |
| Defiance, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,717 | 3.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,031 | 4.13% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,110 | 3.75% |
| New Castle, IN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,011 | 4.56% |
| Forest City, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,988 | 4.13% |
| Harrison, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,468 | 3.88% |
| Boone, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,797 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,526 | 3.55% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,566 | 4.25% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,348 | 3.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,671 | 4.63% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,012 | 4.25% |
| Connersville, IN (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,307 | 4.31% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,780 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,435 | 3.88% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,876 | 4.63% |
| READING, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,560 | 3.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,125 | 4.88% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,383 | 5.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,827 | 4.00% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,300 | 4.25% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,350 | 4.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,297 | 3.75% |
| Union City, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,880 | 3.38% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,336 | 4.25% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,780 | 5.50% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,938 | 3.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,119 | 4.50% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,028 | 3.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,053 | 3.38% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,600 | 3.75% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,656 | 5.25% |
| Athens, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,831 | 4.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,326 | 3.50% |
| MONROE, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,466 | 4.75% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,716 | 5.38% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,420 | 4.75% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,916 | 4.13% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,263 | 3.50% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,012 | 4.50% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,244 | 3.50% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,039 | 4.63% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,934 | 4.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,497 | 3.75% |
| Palatka, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,623 | 3.75% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,054 | 4.75% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,469 | 4.88% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,406 | 4.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,229 | 4.50% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,186 | 4.25% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,204 | 4.75% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,266 | 4.50% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,527 | 4.75% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,945 | 4.25% |
| ERIE, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,836 | 5.75% |
| DuBois, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,194 | 4.63% |
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Product Mix
For 2019, Polaris Home Funding Corp.'s most frequently originated type of loan was FHA, with 1,088 originations. Their 2nd most popular type was Conventional, with 587 originations.
Loan Reason
For 2019, Polaris Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 1,474 originations. The 2nd most popular reason was Cash Out Refi, with 620 originations.
Loan Duration/Length
For 2019, Polaris Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 2,246 originations. The 2nd most popular length was 15 Year, with 54 originations.
Origination Fees/Closing Costs
Polaris Home Funding Corp.'s average total fees were $6,319, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 605 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,318 | $198,060,000 | $150,273 |
| 3-4% | 763 | $137,555,000 | $180,282 |
| 5-6% | 263 | $35,195,000 | $133,821 |
| 2.5-3% | 6 | $1,590,000 | $265,000 |
During 2019, Polaris Home Funding Corp.'s average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 1,318 originations.
Loan Sizing
2019 saw Polaris Home Funding Corp. place emphasis on $100k-200k loans with 1,404 originations, totaling $202,960,000 in origination value.
Applicant Income
Polaris Home Funding Corp. lent most frequently to those with incomes in the $50k or less range, with 940 originations. The second most popular income band? $50k-75k, with 785 originations.
Applicant Debt to Income Ratio
Polaris Home Funding Corp. lent most frequently to those with DTI ratios of 30-36%, with 394 originations. The next most common DTI ratio? 20-30%, with 371 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.94%
Polaris Home Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination68.89%
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 | 2,350 | $372,400,000 | $158,468 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 14 | $1,400,000 | $100,000 |
| Single Family (1-4 Units):Site-Built | 2,336 | $371,000,000 | $158,818 |