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

Jump to:

Mortgage Data

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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Worcester, Providence, Barnstable Town, and New York among others. We have data for 37 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

1,237

Origination Dollar Volume (All Markets)

$516,315,000
Show all (12) 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) 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.

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

    SOMERSET
    Similarity Rank: 87
    N C P D Federal Credit Union
    Similarity Rank: 102
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    Schuyler Savings Bank
    Similarity Rank: 352
    SIKORSKY FINANCIAL
    Similarity Rank: 384
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    Louviers Federal Credit Union
    Similarity Rank: 410
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    BHCU
    Similarity Rank: 504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,215 $507,825,000 $417,963 $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%
    HELOC 3 $985,000 $328,333 n/a 2.63%
    Reverse Mortgage 2 $770,000 $385,000 $0 2.56%
    USDA 1 $305,000 $305,000 $5,794 2.63%

    For 2021, Poli Mortgage Group's most frequently originated type of loan was Conventional, with 1,215 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Poli Mortgage Group's most frequently cited loan purpose was Refi, with 1,025 originations. The 2nd most popular reason was 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 2021, Poli Mortgage Group's most frequently cited loan duration was 30 Year, with 874 originations. The 2nd most popular length was 15 Year, with 231 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 1 $345,000 $345,000
    $4k-5k 1 $545,000 $545,000

    Poli Mortgage Group's average total fees were $1,200, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.92%, while their most frequently originated rate bucket for loans was 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 applications
    97.46%

    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
    94.83%

    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%