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
  • Complaints
  • 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 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 44 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 an above 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

    1,826

    Origination Dollar Volume (All Markets)

    $726,470,000
    Show all (18) 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) 1,324 $547,190,000 $413,285 $547 2.91%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 104 $34,180,000 $328,654 $936 2.91%
    WORCESTER, MA-CT (FHA|USDA|VA) 84 $28,230,000 $336,071 $803 2.96%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 61 $23,015,000 $377,295 $584 2.86%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 58 $22,280,000 $384,138 $1,744 2.83%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 36 $17,660,000 $490,556 $1,026 2.85%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 19 $6,785,000 $357,105 $1,377 2.87%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 18 $5,680,000 $315,556 $993 2.87%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $5,640,000 $352,500 $2,806 2.88%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 13 $4,015,000 $308,846 $1,151 2.93%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,595,000 $370,714 $2,306 2.64%
    Lebanon, NH-VT (FHA|USDA|VA) 9 $2,575,000 $286,111 $837 3.07%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 7 $2,545,000 $363,571 $1,751 2.96%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $2,400,000 $400,000 $582 2.96%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $2,330,000 $388,333 $2,945 2.60%
    Outside of Metro Areas 5 $2,175,000 $435,000 $1,157 2.70%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 6 $1,760,000 $293,333 $987 2.73%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,505,000 $301,000 $364 3.18%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,505,000 $501,667 $99 2.69%
    Concord, NH (FHA|USDA|VA) 4 $1,230,000 $307,500 $513 2.53%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,075,000 $358,333 $1,697 3.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $2,711 2.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $970,000 $485,000 $99 2.88%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $685,000 $228,333 $1,675 3.17%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $680,000 $340,000 $427 2.69%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $615,000 $205,000 $2,315 3.13%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $610,000 $305,000 $99 3.19%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $495,000 $495,000 $3,741 2.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $485,000 $485,000 $868 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $475,000 $475,000 $99 2.75%
    RICHMOND, VA (FHA|USDA|VA) 1 $435,000 $435,000 $99 2.63%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $420,000 $210,000 $634 2.94%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $335,000 $335,000 $1,535 2.63%
    Georgetown, SC (FHA|USDA|VA) 1 $325,000 $325,000 $99 3.00%
    Laconia, NH (FHA|USDA|VA) 1 $325,000 $325,000 $117 2.75%
    Torrington, CT (FHA|USDA|VA) 1 $325,000 $325,000 $786 2.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $305,000 $305,000 $2,915 2.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $451 3.63%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $275,000 $275,000 $1,061 3.25%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $265,000 $265,000 $99 2.50%
    FLORENCE, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,021 3.25%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $3,362 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,172 2.75%
    OCALA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,155 3.25%
    Poli Mortgage Group's top markets include Boston, Providence, Worcester, Barnstable Town, and New York among others.

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

    The First National Bank of Long Island
    Similarity Rank: 134
    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    North Jersey Federal Credit Union
    Similarity Rank: 247
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    N C P D Federal Credit Union
    Similarity Rank: 482
    Rhode Island Credit Union
    Similarity Rank: 510
    SIKORSKY FINANCIAL
    Similarity Rank: 520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,808 $720,210,000 $398,346 $682 2.91%
    VA 12 $4,400,000 $366,667 $1,597 2.50%
    FHA 6 $1,860,000 $310,000 $6,469 2.90%

    For 2020, Poli Mortgage Group's most frequently originated type of loan was Conventional, with 1,808 originations. Their 2nd most popular type was VA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,712 $676,650,000 $395,239 $641 2.90%
    Home Purchase 111 $48,305,000 $435,180 $1,627 3.00%
    Cash Out Refi 3 $1,515,000 $505,000 $3,768 3.08%

    For 2020, Poli Mortgage Group's most frequently cited loan purpose was Refi, with 1,712 originations. The 2nd most popular reason was Home Purchase, with 111 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,533 $623,565,000 $406,761 $692 2.95%
    15 Year 191 $68,255,000 $357,356 $802 2.56%
    20 Year 65 $21,335,000 $328,231 $761 2.93%
    Other 27 $9,765,000 $361,667 $819 3.08%
    10 Year 10 $3,550,000 $355,000 $608 2.53%

    For 2020, Poli Mortgage Group's most frequently cited loan duration was 30 Year, with 1,533 originations. The 2nd most popular length was 15 Year, with 191 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,771 $707,225,000 $399,337
    $1k-2k 22 $6,860,000 $311,818
    $2k-3k 5 $1,775,000 $355,000
    $3k-4k 5 $1,415,000 $283,000
    $5k+ 3 $1,385,000 $461,667

    Poli Mortgage Group's average total fees were $692, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,771 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 962 $380,850,000 $395,894
    3-4% 492 $191,310,000 $388,841
    <2.5% 345 $142,935,000 $414,304
    4-5% 26 $10,890,000 $418,846

    During 2020, Poli Mortgage Group's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 962 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 907 $288,885,000 $318,506 $742 2.91%
    $400k-600k 741 $351,345,000 $474,150 $587 2.87%
    $600k-1MM 113 $75,415,000 $667,389 $596 2.97%
    $100k-200k 65 $10,825,000 $166,538 $1,778 3.13%

    2020 saw Poli Mortgage Group place emphasis on $200k-400k loans with 907 originations, totaling $288,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 627 $266,995,000 $425,829 $609 2.87%
    $100k-150k 578 $221,480,000 $383,183 $678 2.88%
    $250k+ 309 $140,305,000 $454,061 $665 2.95%
    $75k-100k 205 $67,455,000 $329,049 $844 2.99%
    $50k-75k 79 $22,225,000 $281,329 $1,011 3.00%
    $50k or less 28 $8,010,000 $286,071 $2,047 2.79%

    Poli Mortgage Group lent most frequently to those with incomes in the $150k-250k range, with 627 originations. The second most popular income band? $100k-150k, with 578 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 555 $221,955,000 $399,919 $686 2.87%
    30-36% 374 $150,820,000 $403,262 $654 2.94%
    <20% 254 $96,930,000 $381,614 $533 2.79%
    39% 89 $36,945,000 $415,112 $471 2.91%
    36% 59 $22,505,000 $381,441 $718 2.86%
    38% 54 $22,760,000 $421,481 $749 3.02%
    42% 45 $17,845,000 $396,556 $1,091 2.91%
    43% 45 $16,945,000 $376,556 $1,224 3.02%
    40% 44 $17,720,000 $402,727 $688 2.99%
    49% 42 $17,720,000 $421,905 $717 3.10%
    37% 41 $15,785,000 $385,000 $633 3.00%
    44% 41 $16,435,000 $400,854 $908 2.93%
    41% 39 $14,945,000 $383,205 $922 2.91%
    47% 36 $15,090,000 $419,167 $1,005 3.05%
    46% 34 $13,530,000 $397,941 $856 2.96%
    45% 31 $12,075,000 $389,516 $595 3.10%
    48% 24 $9,310,000 $387,917 $794 3.05%
    50-60% 4 $1,490,000 $372,500 $1,315 3.28%
    >60% 1 $485,000 $485,000 $0 0.00%

    Poli Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 555 originations. The next most common DTI ratio? 30-36%, with 374 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,174 $445,280,000 $379,284 $815 2.92%
    Asian 522 $227,360,000 $435,556 $415 2.88%
    Not provided 89 $36,745,000 $412,865 $966 2.80%
    Not applicable 20 $8,900,000 $445,000 $978 2.87%
    Black 15 $5,785,000 $385,667 $596 3.00%
    Chinese 3 $1,245,000 $415,000 $99 3.71%
    American Indian 2 $820,000 $410,000 $99 2.56%
    Asian Indian 1 $335,000 $335,000 $1,749 2.25%

    Approval Rates

    Total approvals of all applications
    98.44%

    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 origination
    96.44%

    Poli Mortgage Group has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,826 $726,470,000 $397,848

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,826 $726,470,000 $397,848

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 211 $66,525,000 $315,284 $788 2.80%
    40-60% 594 $233,980,000 $393,906 $555 2.82%
    60-80% 822 $339,340,000 $412,822 $711 2.98%
    80-100% 165 $71,655,000 $434,273 $1,140 2.98%
    Over 100% 20 $10,130,000 $506,500 $496 2.88%
    Under 20% 14 $4,840,000 $345,714 $898 2.71%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    POLI MORTGAGE GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%