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. Polaris Home Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Cincinnati, Weirton, Canton, Columbus, and London among others. We have data for 231 markets. (Some data included below & more in-depth data is available with an active subscription.)Polaris Home Funding Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Polaris Home Funding Corp. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.94% | 12/3/24 |
| 30 Year Conventional Refi | 6.63% | 12/3/24 |
| 30 Year Cash-out Refi | 7.02% | 12/3/24 |
| 30 Year FHA Purchase | 7.54% | 12/3/24 |
| 30 Year FHA Refi | 7.43% | 12/3/24 |
| 30 Year VA Purchase | 6.45% | 12/3/24 |
| 30 Year VA Refi | 5.73% | 12/3/24 |
| 30 Year USDA Purchase | 6.74% | 12/3/24 |
| 15 Year Conventional Purchase | 6.44% | 12/3/24 |
| 15 Year Conventional Refi | 6.13% | 12/3/24 |
| 15 Year Cash-out Refi | 6.13% | 12/3/24 |
| 15 Year VA Purchase | 5.68% | 12/3/24 |
| 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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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
2,809Origination 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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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 222 | $42,210,000 | $190,135 | $6,010 | 3.21% |
| Outside of Metro Areas | 235 | $34,035,000 | $144,830 | $5,713 | 3.30% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 203 | $30,325,000 | $149,384 | $4,130 | 3.34% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 164 | $28,250,000 | $172,256 | $5,812 | 3.23% |
| COLUMBUS, OH (FHA|USDA|VA) | 138 | $26,770,000 | $193,986 | $5,700 | 3.25% |
| London, KY (FHA|USDA|VA) | 152 | $26,200,000 | $172,368 | $5,884 | 3.21% |
| AKRON, OH (FHA|USDA|VA) | 138 | $23,260,000 | $168,551 | $5,733 | 3.14% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 102 | $23,230,000 | $227,745 | $3,258 | 2.84% |
| FORT WAYNE, IN (FHA|USDA|VA) | 121 | $22,265,000 | $184,008 | $4,080 | 3.28% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 98 | $15,780,000 | $161,020 | $5,248 | 3.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 80 | $15,360,000 | $192,000 | $6,030 | 3.28% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 79 | $14,115,000 | $178,671 | $6,550 | 3.12% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 35 | $7,475,000 | $213,571 | $8,903 | 3.24% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 37 | $7,345,000 | $198,514 | $7,089 | 3.14% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 30 | $6,580,000 | $219,333 | $7,546 | 3.29% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 44 | $5,890,000 | $133,864 | $6,064 | 3.23% |
| Findlay, OH (FHA|USDA|VA) | 34 | $5,310,000 | $156,176 | $5,707 | 3.04% |
| Marietta, OH (FHA|USDA|VA) | 35 | $5,015,000 | $143,286 | $5,548 | 3.36% |
| WHEELING, WV-OH (FHA|USDA|VA) | 28 | $4,510,000 | $161,071 | $4,694 | 3.33% |
| Portsmouth, OH (FHA|USDA|VA) | 37 | $4,415,000 | $119,324 | $6,721 | 3.33% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 24 | $4,090,000 | $170,417 | $6,252 | 3.07% |
| LOUISVILLE, KY (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% |
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Product Mix
For 2021, Polaris Home Funding Corp.'s most frequently originated type of loan was Conventional, with 1,535 originations. Their 2nd most popular type was FHA, with 800 originations.
Loan Reason
For 2021, Polaris Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 1,509 originations. The 2nd most popular reason was Cash Out Refi, with 700 originations.
Loan Duration/Length
For 2021, Polaris Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 2,502 originations. The 2nd most popular length was 15 Year, with 204 originations.
Origination Fees/Closing Costs
Polaris Home Funding Corp.'s average total fees were $6,110, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 601 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,778 | $303,570,000 | $170,737 |
| 2.5-3% | 806 | $156,380,000 | $194,020 |
| <2.5% | 151 | $29,715,000 | $196,788 |
| 4-5% | 74 | $11,380,000 | $153,784 |
During 2021, Polaris Home Funding Corp.'s average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 1,778 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications95.14%
Polaris Home Funding Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.05%
Polaris Home Funding Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,809 | $501,045,000 | $178,371 |