Poli Mortgage Group Rates, Fees & Info
Canton, MALEI: 549300OCQ8J0ZXMCTF89
Tax ID: 04-3554142
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Mortgage Data
Overview
Poli Mortgage Group is a smaller mortgage company specializing in 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.) They have a low ratio of USDA loans. Their top markets include Boston, Worcester, Providence, Barnstable Town, and New York among others. Poli Mortgage Group has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Poli Mortgage Group is typically a low fee lendor.Originations
1,237Origination Dollar Volume (All Markets)
$516,315,000Awards
Poli Mortgage Group - 2021
Poli Mortgage Group is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Poli Mortgage Group 's average 30 year fixed rate mortgage of loans were
2.92%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.23%.
Relative Fees
Poli Mortgage Group 's average total fees for a 30 year fixed rate
mortgage are $1,200.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 888 | $388,450,000 | $437,444 | $867 | 2.78% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 64 | $22,640,000 | $353,750 | $1,131 | 2.74% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 59 | $20,145,000 | $341,441 | $1,296 | 2.85% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 49 | $19,675,000 | $401,531 | $1,055 | 2.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 22 | $10,010,000 | $455,000 | $2,217 | 2.61% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 22 | $9,480,000 | $430,909 | $1,977 | 2.69% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 18 | $6,910,000 | $383,889 | $2,843 | 2.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $4,455,000 | $342,692 | $2,972 | 2.81% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 14 | $4,370,000 | $312,143 | $2,160 | 2.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,815,000 | $346,818 | $3,482 | 2.81% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,555,000 | $395,000 | $1,743 | 2.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 6 | $2,970,000 | $495,000 | $2,093 | 2.54% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $2,870,000 | $358,750 | $1,739 | 2.77% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 8 | $2,190,000 | $273,750 | $2,609 | 2.83% |
| Outside of Metro Areas | 6 | $1,800,000 | $300,000 | $2,033 | 3.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $3,831 | 2.97% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $1,166 | 2.71% |
| Torrington, CT (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $2,290 | 2.71% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $3,557 | 2.75% |
| Vineyard Haven, MA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $5,567 | 3.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $4,054 | 2.56% |
| Concord, NH (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,033 | 2.58% |
| Keene, NH (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $850 | 2.69% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $1,447 | 2.31% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,630 | 2.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,347 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,529 | 3.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $1,575 | 3.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,376 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,177 | 3.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,266 | 3.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,107 | 2.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,427 | 3.25% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,172 | 2.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,264 | 2.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,734 | 3.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,374 | 3.25% |
Poli Mortgage Group 's top markets include Boston, Worcester, Providence, Barnstable Town, and New York among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,220 | $509,580,000 | $417,689 | $1,073 | 2.78% |
| FHA | 8 | $3,000,000 | $375,000 | $8,674 | 2.50% |
| VA | 8 | $3,430,000 | $428,750 | $3,312 | 2.47% |
| USDA | 1 | $305,000 | $305,000 | $5,794 | 2.63% |
For the 2021 period, Poli Mortgage Group 's most frequently originated loan type of loans were Conventional, with 1,220 originations. Their 2nd most popular type is FHA, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,025 | $413,795,000 | $403,702 | $886 | 2.75% |
| Home Purchase | 212 | $102,520,000 | $483,585 | $2,326 | 2.92% |
For the 2021, Poli Mortgage Group 's most frequently cited loan purpose of loans were Refi, with 1,025 originations. The 2nd most popular reason of loans were Home Purchase, with 212 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 874 | $378,120,000 | $432,632 | $1,200 | 2.92% |
| 15 Year | 231 | $91,445,000 | $395,866 | $959 | 2.30% |
| 20 Year | 86 | $31,340,000 | $364,419 | $1,049 | 2.65% |
| Other | 27 | $9,515,000 | $352,407 | $870 | 2.81% |
| 10 Year | 19 | $5,895,000 | $310,263 | $994 | 2.30% |
For the 2021, Poli Mortgage Group 's most frequently cited loan length of loans were 30 Year, with 874 originations. The 2nd most popular length of loans were 15 Year, with 231 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,202 | $501,370,000 | $417,113 |
| $1k-2k | 19 | $7,325,000 | $385,526 |
| $2k-3k | 6 | $3,170,000 | $528,333 |
| $5k+ | 3 | $1,805,000 | $601,667 |
| $3k-4k | 2 | $890,000 | $445,000 |
$1,200 of loans were Poli Mortgage Group 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,202 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 594 | $250,660,000 | $421,987 |
| <2.5% | 376 | $161,810,000 | $430,346 |
| 3-4% | 264 | $102,750,000 | $389,205 |
| 4-5% | 3 | $1,095,000 | $365,000 |
During 2021, Poli Mortgage Group 's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 2.5-3%, with 594 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 555 | $173,775,000 | $313,108 | $1,135 | 2.81% |
| $400k-600k | 513 | $251,105,000 | $489,483 | $1,058 | 2.69% |
| $600k-1MM | 114 | $80,290,000 | $704,298 | $1,186 | 2.86% |
| $100k-200k | 52 | $8,810,000 | $169,423 | $1,722 | 3.01% |
| $1MM+ | 2 | $2,240,000 | $1,120,000 | $1,590 | 3.31% |
| $100,000 or less | 1 | $95,000 | $95,000 | $1,928 | 4.00% |
2021 saw Poli Mortgage Group place emphasis on $200k-400k loans with 555 originations, totaling $173,775,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 423 | $190,305,000 | $449,894 | $962 | 2.71% |
| $100k-150k | 360 | $140,360,000 | $389,889 | $1,247 | 2.74% |
| $250k+ | 226 | $114,560,000 | $506,903 | $1,044 | 2.81% |
| $75k-100k | 134 | $45,390,000 | $338,731 | $1,132 | 2.87% |
| $50k-75k | 77 | $21,325,000 | $276,948 | $1,647 | 2.99% |
| $50k or less | 16 | $4,190,000 | $261,875 | $2,065 | 2.93% |
Poli Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 423 originations. The second most popular income band? $100k-150k, with 360 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 321 | $131,235,000 | $408,832 | $992 | 2.69% |
| 30-36% | 262 | $107,930,000 | $411,947 | $1,094 | 2.74% |
| <20% | 131 | $50,865,000 | $388,282 | $771 | 2.66% |
| 44% | 49 | $23,055,000 | $470,510 | $1,667 | 2.80% |
| 36% | 47 | $20,895,000 | $444,574 | $1,353 | 2.84% |
| 39% | 46 | $19,370,000 | $421,087 | $1,018 | 2.85% |
| 37% | 40 | $17,540,000 | $438,500 | $1,282 | 2.88% |
| 45% | 40 | $16,630,000 | $415,750 | $1,018 | 2.87% |
| 43% | 38 | $16,330,000 | $429,737 | $1,733 | 2.93% |
| 38% | 38 | $16,650,000 | $438,158 | $876 | 2.87% |
| 49% | 38 | $16,930,000 | $445,526 | $1,401 | 2.84% |
| 42% | 34 | $15,810,000 | $465,000 | $1,031 | 3.07% |
| 48% | 33 | $15,035,000 | $455,606 | $1,694 | 2.93% |
| 47% | 32 | $13,010,000 | $406,563 | $1,679 | 2.90% |
| 40% | 30 | $12,710,000 | $423,667 | $1,131 | 2.85% |
| 46% | 28 | $10,690,000 | $381,786 | $1,594 | 2.95% |
| 41% | 24 | $9,230,000 | $384,583 | $1,044 | 2.78% |
| 50-60% | 1 | $245,000 | $245,000 | $1,575 | 3.13% |
Poli Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 321 originations. The next most common DTI ratio? 30-36%, with 262 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 808 | $320,440,000 | $396,584 | $1,280 | 2.78% |
| Asian | 361 | $168,745,000 | $467,438 | $758 | 2.79% |
| Not provided | 51 | $20,695,000 | $405,784 | $1,313 | 2.66% |
| Black | 12 | $4,100,000 | $341,667 | $2,086 | 2.80% |
| Chinese | 3 | $1,495,000 | $498,333 | $510 | 2.67% |
| Asian Indian | 2 | $840,000 | $420,000 | $510 | 2.13% |
Approval Rates
Total approvals of all applications97.09%
Poli Mortgage Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.91%
Poli Mortgage Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,237 | $516,315,000 | $417,393 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,237 | $516,315,000 | $417,393 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 161 | $53,965,000 | $335,186 | $1,043 | 2.68% |
| 40-60% | 410 | $166,890,000 | $407,049 | $737 | 2.69% |
| 60-80% | 545 | $241,555,000 | $443,220 | $1,239 | 2.85% |
| 80-100% | 112 | $50,940,000 | $454,821 | $2,183 | 2.82% |
| Under 20% | 9 | $2,965,000 | $329,444 | $1,410 | 3.10% |
