Poli Mortgage Group Rates, Fees & Info

Canton, MA

LEI: 549300OCQ8J0ZXMCTF89

Tax ID: 04-3554142

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Providence, New York, Worcester, and Washington among others. We have data for 42 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.

    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 6.35% 12/16/24
    30 Year Conventional Refi 6.61% 12/16/24
    30 Year Cash-out Refi 6.30% 12/16/24
    30 Year FHA Purchase 6.68% 12/16/24
    30 Year FHA Refi 7.55% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year VA Refi 5.73% 12/16/24
    15 Year Conventional Purchase 5.07% 12/16/24
    15 Year Conventional Refi 5.89% 12/16/24
    15 Year Cash-out Refi 5.89% 12/16/24
    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.

    Poli Mortgage Group Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Poli Mortgage Group. 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

    472

    Origination Dollar Volume (All Markets)

    $158,270,000
    Show all (13) awards

    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) 232 $85,720,000 $369,483 $1,693 4.39%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 38 $11,450,000 $301,316 $2,368 4.40%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 34 $11,410,000 $335,588 $2,869 4.27%
    WORCESTER, MA-CT (FHA|USDA|VA) 21 $6,315,000 $300,714 $2,224 4.42%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $6,305,000 $331,842 $3,299 4.14%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 18 $5,540,000 $307,778 $3,152 4.47%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 15 $5,515,000 $367,667 $3,101 4.13%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 15 $4,725,000 $315,000 $1,092 4.32%
    Outside of Metro Areas 7 $1,755,000 $250,714 $1,434 4.71%
    SPRINGFIELD, MA (FHA|USDA|VA) 5 $1,455,000 $291,000 $4,638 4.18%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,445,000 $289,000 $3,009 4.20%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,430,000 $357,500 $1,142 3.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,155,000 $231,000 $4,273 4.43%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,130,000 $282,500 $2,381 4.28%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $1,070,000 $267,500 $1,561 4.13%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $895,000 $298,333 $1,565 4.13%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $775,000 $258,333 $3,912 4.29%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $770,000 $385,000 $6,143 3.88%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $765,000 $255,000 $948 4.25%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $745,000 $248,333 $1,392 4.46%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $735,000 $245,000 $2,299 3.67%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $625,000 $208,333 $3,467 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $490,000 $245,000 $2,782 4.56%
    PITTSFIELD, MA (FHA|USDA|VA) 3 $485,000 $161,667 $2,456 4.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $2,963 4.44%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $425,000 $425,000 $1,926 3.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $425,000 $425,000 $3,309 4.00%
    Concord, NH (FHA|USDA|VA) 1 $405,000 $405,000 $2,502 4.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $3,311 4.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $1,867 4.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $350,000 $175,000 $6,185 4.81%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $315,000 $315,000 $1,949 4.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $300,000 $150,000 $2,544 4.56%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,206 4.38%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $285,000 $285,000 $1,685 4.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $265,000 $265,000 $1,704 4.38%
    Elizabeth City, NC (FHA|USDA|VA) 1 $255,000 $255,000 $464 3.88%
    Easton, MD (FHA|USDA|VA) 1 $255,000 $255,000 $4,343 4.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $235,000 $235,000 $50 4.13%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $50 4.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $175,000 $175,000 $2,443 4.13%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $40 5.25%
    Poli Mortgage Group's top markets include Boston, Providence, New York, Worcester, and Washington among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • 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.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    N C P D Federal Credit Union
    Similarity Rank: 55
    PAWTUCKET
    Similarity Rank: 60
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Bank of Easton
    Similarity Rank: 66
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Charter Oak Federal Credit Union
    Similarity Rank: 84

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 445 $149,625,000 $336,236 $1,829 4.36%
    FHA 21 $6,665,000 $317,381 $7,394 4.21%
    VA 5 $1,615,000 $323,000 $8,517 4.23%
    USDA 1 $365,000 $365,000 $5,769 4.88%

    For 2018, Poli Mortgage Group's most frequently originated type of loan was Conventional, with 445 originations. Their 2nd most popular type was FHA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 270 $94,720,000 $350,815 $2,406 4.40%
    Refi 201 $63,295,000 $314,900 $1,821 4.28%
    Cash Out Refi 1 $255,000 $255,000 $1,819 4.75%

    For 2018, Poli Mortgage Group's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Refi, with 201 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 450 $150,930,000 $335,400 $2,196 4.38%
    15 Year 13 $4,085,000 $314,231 $1,640 3.62%
    20 Year 7 $2,485,000 $355,000 $987 3.98%
    Other 2 $770,000 $385,000 $459 4.13%

    For 2018, Poli Mortgage Group's most frequently cited loan duration was 30 Year, with 450 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 408 $139,760,000 $342,549
    $1k-2k 35 $10,045,000 $287,000
    $2k-3k 18 $5,370,000 $298,333
    $3k-4k 7 $1,795,000 $256,429
    $5k+ 3 $1,085,000 $361,667
    $4k-5k 1 $215,000 $215,000

    Poli Mortgage Group's average total fees were $2,196, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 408 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 303 $101,365,000 $334,538
    3-4% 131 $45,865,000 $350,115
    5-6% 38 $11,040,000 $290,526

    During 2018, Poli Mortgage Group's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 303 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 264 $80,350,000 $304,356 $2,242 4.33%
    $400k-600k 137 $62,535,000 $456,460 $1,988 4.31%
    $100k-200k 60 $10,050,000 $167,500 $2,240 4.52%
    $600k-1MM 6 $3,760,000 $626,667 $1,838 4.46%
    $100,000 or less 4 $370,000 $92,500 $1,947 4.94%
    $1MM+ 1 $1,205,000 $1,205,000 $40 3.88%

    2018 saw Poli Mortgage Group place emphasis on $200k-400k loans with 264 originations, totaling $80,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 158 $54,740,000 $346,456 $2,312 4.35%
    $150k-250k 111 $39,065,000 $351,937 $1,890 4.39%
    $75k-100k 95 $29,405,000 $309,526 $2,205 4.25%
    $50k-75k 52 $13,380,000 $257,308 $2,347 4.37%
    $250k+ 45 $19,215,000 $427,000 $1,864 4.39%
    $50k or less 10 $2,110,000 $211,000 $2,698 4.71%

    Poli Mortgage Group lent most frequently to those with incomes in the $100k-150k range, with 158 originations. The second most popular income band? $150k-250k, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 95 $31,615,000 $332,789 $2,056 4.31%
    30-36% 78 $27,030,000 $346,538 $1,865 4.26%
    <20% 31 $9,245,000 $298,226 $1,600 4.28%
    49% 22 $7,730,000 $351,364 $1,866 4.39%
    47% 21 $7,265,000 $345,952 $2,010 4.49%
    45% 21 $6,925,000 $329,762 $1,695 4.30%
    36% 20 $7,710,000 $385,500 $3,065 4.37%
    44% 20 $6,440,000 $322,000 $2,413 4.52%
    48% 19 $6,025,000 $317,105 $2,297 4.26%
    39% 18 $5,900,000 $327,778 $1,249 4.54%
    43% 18 $6,330,000 $351,667 $1,946 4.49%
    40% 17 $6,005,000 $353,235 $1,832 4.29%
    41% 17 $5,665,000 $333,235 $3,234 4.43%
    46% 17 $5,795,000 $340,882 $1,951 4.35%
    38% 17 $5,115,000 $300,882 $1,485 4.38%
    37% 15 $4,845,000 $323,000 $1,335 4.47%
    42% 13 $4,655,000 $358,077 $4,276 4.43%
    50-60% 10 $2,860,000 $286,000 $7,134 4.29%
    >60% 3 $1,115,000 $371,667 $2,012 4.58%

    Poli Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 330 $106,990,000 $324,212 $2,155 4.34%
    Asian 67 $26,195,000 $390,970 $1,963 4.31%
    Chinese 29 $10,415,000 $359,138 $1,109 4.68%
    Not provided 25 $7,475,000 $299,000 $2,626 4.33%
    Black 9 $3,115,000 $346,111 $5,067 4.18%
    Not applicable 7 $2,475,000 $353,571 $2,176 4.41%
    Asian Indian 2 $670,000 $335,000 $3,206 4.44%
    Other Asian 1 $325,000 $325,000 $789 4.50%
    Native Hawaiian or Islander 1 $305,000 $305,000 $2,509 4.50%
    American Indian 1 $305,000 $305,000 $6,429 3.63%

    Approval Rates

    Total approvals of all applications
    93.17%

    Poli Mortgage Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.99%

    Poli Mortgage Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 472 $158,270,000 $335,318

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 472 $158,270,000 $335,318

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $12,195,000 $283,605 $1,573 4.20%
    40-60% 68 $23,670,000 $348,088 $1,264 4.20%
    60-80% 216 $72,380,000 $335,093 $1,886 4.42%
    80-100% 143 $49,515,000 $346,259 $3,065 4.37%
    Over 100% 2 $510,000 $255,000 $9,115 4.38%