Poli Mortgage Group Rates, Fees & Info
Canton, MALEI: 549300OCQ8J0ZXMCTF89
Tax ID: 04-3554142
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Mortgage Data
Review & Overview
Poli Mortgage Group is a smaller mortgage company specializing in Home Purchase and Refi loans. Poli Mortgage Group has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Providence, Worcester, Barnstable Town, and New York among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Poli Mortgage Group 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. Poli Mortgage Group 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.35% | 9/18/23 |
| 30 Year Conventional Refi | 6.61% | 9/18/23 |
| 30 Year Cash-out Refi | 6.30% | 9/18/23 |
| 30 Year FHA Purchase | 6.68% | 9/18/23 |
| 30 Year FHA Refi | 7.55% | 9/18/23 |
| 30 Year VA Purchase | 6.27% | 9/18/23 |
| 30 Year VA Refi | 5.73% | 9/18/23 |
| 15 Year Conventional Purchase | 5.07% | 9/18/23 |
| 15 Year Conventional Refi | 5.89% | 9/18/23 |
| 15 Year Cash-out Refi | 5.89% | 9/18/23 |
| 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. | ||
Poli Mortgage Group Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
203Origination Dollar Volume (All Markets)
$88,605,000Awards
Poli Mortgage Group - 2022
Poli Mortgage Group is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Poli Mortgage Group's average 30 year fixed mortgage rate was
4.51%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.25%.
Relative Fees (Closing Costs)
Poli Mortgage Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,409.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 121 | $57,215,000 | $472,851 | $2,732 | 4.32% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 12 | $4,290,000 | $357,500 | $4,283 | 4.54% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 10 | $3,940,000 | $394,000 | $2,874 | 3.90% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 8 | $3,870,000 | $483,750 | $1,578 | 3.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $2,465,000 | $493,000 | $4,370 | 4.20% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,025,000 | $405,000 | $6,877 | 5.58% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $1,443 | 4.60% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,471 | 4.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $5,116 | 4.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $4,423 | 4.46% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $7,411 | 4.69% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $3,534 | 4.69% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,604 | 4.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,466 | 5.50% |
| Outside of Metro Areas | 2 | $640,000 | $320,000 | $4,088 | 4.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,779 | 5.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,631 | 7.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,950 | 4.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,910 | 4.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $1,794 | 3.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,874 | 5.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,866 | 5.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $599 | 4.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,863 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,157 | 3.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,111 | 5.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,194 | 5.13% |
| Rutland, VT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,558 | 6.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,362 | 3.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Poli Mortgage Group based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 197 | $85,755,000 | $435,305 | $2,947 | 4.40% |
| FHA | 5 | $2,275,000 | $455,000 | $13,579 | 4.55% |
| VA | 1 | $575,000 | $575,000 | $13,014 | 2.38% |
For 2022, Poli Mortgage Group's most frequently originated type of loan was Conventional, with 197 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2022, Poli Mortgage Group's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Refi, with 80 originations.
Loan Duration/Length
For 2022, Poli Mortgage Group's most frequently cited loan duration was 30 Year, with 181 originations. The 2nd most popular length was 15 Year, with 17 originations.
Origination Fees/Closing Costs
Poli Mortgage Group's average total fees were $3,409, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 120 originations.
Interest Rates
During 2022, Poli Mortgage Group's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 3-4%, with 62 originations.
Loan Sizing
2022 saw Poli Mortgage Group place emphasis on $400k-600k loans with 81 originations, totaling $40,185,000 in origination value.
Applicant Income
Poli Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 70 originations. The second most popular income band? $100k-150k, with 62 originations.
Applicant Debt to Income Ratio
Poli Mortgage Group lent most frequently to those with DTI ratios of 30-36%, with 44 originations. The next most common DTI ratio? 20-30%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.31%
Poli Mortgage Group has an average approval rate.
Pick Rate
Approvals leading to origination77.34%
Poli Mortgage Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 203 | $88,605,000 | $436,478 |