Polish National Mortgage Rates, Fees & Info

Chicopee, MA

LEI: 549300FQS3UXEAID1Q88

Tax ID: 04-1734980

5 stars - Updated: 4/5/25 - out of 5 stars, based on 19 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Polish National is a smaller mortgage company specializing in Home Purchase loans. Polish National has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Worcester, Barnstable Town, Boston, and Providence among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Polish National 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. Polish National is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.51% 4/5/25
    30 Year Conventional Refi 6.48% 4/5/25
    30 Year Cash-out Refi 6.30% 4/5/25
    15 Year Conventional Purchase 5.50% 4/5/25
    15 Year Conventional Refi 6.19% 4/5/25
    15 Year Cash-out Refi 6.19% 4/5/25
    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.

    Polish National Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Polish National. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    366

    Origination Dollar Volume (All Markets)

    $57,510,000

    Awards

    POLISH NATIONAL 30 Year Conventional Loans silver POLISH NATIONAL 30 Year Conventional Loans gold POLISH NATIONAL 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Polish National's average 30 year fixed mortgage rate was 6.03%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.52%.

    Relative Fees (Closing Costs)

    Polish National's average total fees/closing costs for a 30 year fixed rate mortgage were $4,056.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    SPRINGFIELD, MA (FHA|USDA|VA) 338 $50,360,000 $148,994 $1,685 6.40%
    Outside of Metro Areas 18 $3,700,000 $205,556 $2,895 6.41%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,400 6.38%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $900,000 $450,000 $4,901 5.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $790,000 $395,000 $4,261 5.19%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $505,000 $505,000 $4,261 5.63%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $45,000 $45,000 $99 7.00%
    Polish National's top markets include Springfield, Worcester, Barnstable Town, Boston, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against POLISH NATIONAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 35
    Florence Bank
    Similarity Rank: 48
    POLISH NATIONAL
    Similarity Rank: 77
    Greenfield Savings Bank
    Similarity Rank: 80
    LUSO
    Similarity Rank: 96
    Liberty Bank
    Similarity Rank: 99
    Country Bank for Savings
    Similarity Rank: 161
    Freedom Credit Union
    Similarity Rank: 168
    Westfield Bank
    Similarity Rank: 216
    PeoplesBank
    Similarity Rank: 260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 366 $57,510,000 $157,131 $1,790 6.39%

    For 2024, Polish National's most frequently originated type of loan was Conventional, with 366 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 126 $37,100,000 $294,444 $4,194 6.07%
    Home Improvement 112 $6,150,000 $54,911 $208 6.71%
    Other 60 $4,110,000 $68,500 $228 6.54%
    Cash Out Refi 58 $9,220,000 $158,966 $1,534 6.29%
    Refi 10 $930,000 $93,000 $1,111 6.35%

    For 2024, Polish National's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Home Improvement, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 124 $36,020,000 $290,484 $4,056 6.03%
    20 Year 79 $7,055,000 $89,304 $324 6.92%
    10 Year 69 $3,695,000 $53,551 $140 6.49%
    15 Year 52 $7,020,000 $135,000 $1,440 6.26%
    5 Year 37 $1,295,000 $35,000 $99 6.37%
    30+ year 4 $2,000,000 $500,000 $6,690 7.06%
    Other 1 $425,000 $425,000 $0 6.75%

    For 2024, Polish National's most frequently cited loan duration was 30 Year, with 124 originations. The 2nd most popular length was 20 Year, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 329 $48,105,000 $146,216
    $1k-2k 17 $4,695,000 $276,176
    $2k-3k 5 $1,855,000 $371,000
    $3k-4k 1 $325,000 $325,000
    $4k-5k 1 $385,000 $385,000

    Polish National's average total fees were $4,056, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 329 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 232 $33,500,000 $144,397
    5-6% 95 $20,855,000 $219,526
    7-8% 38 $2,950,000 $77,632
    4-5% 1 $205,000 $205,000

    During 2024, Polish National's average interest rate for loans was 6.03%, while their most frequently originated rate bucket for loans was 6-7%, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 194 $9,150,000 $47,165 $181 6.64%
    $200k-400k 99 $28,785,000 $290,758 $4,031 6.11%
    $100k-200k 47 $6,745,000 $143,511 $2,309 6.21%
    $400k-600k 23 $10,875,000 $472,826 $4,519 5.80%
    $600k-1MM 3 $1,955,000 $651,667 $6,196 6.67%

    2024 saw Polish National place emphasis on $100,000 or less loans with 194 originations, totaling $9,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $15,805,000 $153,447 $1,663 6.45%
    $150k-250k 78 $17,080,000 $218,974 $2,280 6.25%
    $75k-100k 74 $9,650,000 $130,405 $1,716 6.34%
    $50k-75k 58 $6,040,000 $104,138 $1,611 6.46%
    $50k or less 26 $1,180,000 $45,385 $743 6.65%
    $250k+ 21 $6,655,000 $316,905 $3,091 6.11%

    Polish National lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $13,015,000 $153,118 $1,709 6.43%
    20-30% 75 $11,725,000 $156,333 $1,907 6.15%
    41% 25 $3,215,000 $128,600 $1,284 6.42%
    44% 22 $2,840,000 $129,091 $1,231 6.90%
    36% 22 $3,510,000 $159,545 $1,829 6.32%
    <20% 21 $2,115,000 $100,714 $926 6.48%
    39% 17 $2,545,000 $149,706 $1,608 6.65%
    40% 17 $2,725,000 $160,294 $1,486 6.35%
    43% 16 $2,330,000 $145,625 $1,731 6.32%
    42% 14 $1,850,000 $132,143 $992 6.74%
    38% 12 $3,020,000 $251,667 $2,540 6.35%
    37% 11 $2,165,000 $196,818 $2,329 5.99%
    49% 7 $1,835,000 $262,143 $4,581 6.54%
    45% 5 $835,000 $167,000 $2,195 6.18%
    46% 4 $660,000 $165,000 $2,994 6.31%
    48% 4 $1,110,000 $277,500 $4,007 6.16%
    47% 3 $635,000 $211,667 $4,034 6.08%
    50-60% 3 $505,000 $168,333 $3,229 6.83%
    >60% 1 $165,000 $165,000 $99 6.50%

    Polish National lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 326 $50,910,000 $156,166 $1,796 6.38%
    Not provided 21 $3,725,000 $177,381 $1,903 6.55%
    Black 9 $865,000 $96,111 $977 6.82%
    Not applicable 2 $710,000 $355,000 $0 6.63%
    Asian Indian 1 $515,000 $515,000 $5,162 5.13%
    Asian 5 $515,000 $103,000 $1,407 6.03%
    American Indian 2 $270,000 $135,000 $1,925 5.31%

    Approval Rates

    Total approvals of all applications
    86.73%

    Polish National has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.16%

    Polish National has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 366 $57,510,000 $157,131

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    366 $57,510,000 $157,131

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $5,725,000 $104,091 $985 6.51%
    40-60% 29 $6,515,000 $224,655 $3,266 5.81%
    60-80% 76 $25,110,000 $330,395 $4,192 5.97%
    80-100% 40 $12,950,000 $323,750 $4,359 6.41%
    Under 20% 166 $7,210,000 $43,434 $171 6.63%