Polaris Home Funding
We analyzed every closed loan from Polaris Home Funding — 994 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 9 mkts
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Things to Think About
- Rates typically 74 basis points above market average
Explore another lender or local market
Report Card
Polaris Home Funding performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+73.9 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Strong
Top 40% of lenders
USDA
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 10 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 303 | 30.5% | +0.673%Above | $3,742Fees | ||||
FHA Loans | 492 | 49.5% | +0.855%Above | $3,738Fees | ||||
VA Loans | 64 | 6.4% | +0.185%Above | $4,111Fees | ||||
USDA Loans | 135 | 13.6% | +0.552%Above | $3,011Fees |
Conventional
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume303
Mix30.5%
Spread
+0.673%Above
Fees
$3,742Fees
FHA Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughStrong
Volume492
Mix49.5%
Spread
+0.855%Above
Fees
$3,738Fees
VA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume64
Mix6.4%
Spread
+0.185%Above
Fees
$4,111Fees
USDA Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughStrong
Volume135
Mix13.6%
Spread
+0.552%Above
Fees
$3,011Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 861 | 86.6% | +0.771%Above | $3,515Fees | ||||
Refinance | 133 | 13.4% | +0.558%Above | $4,757Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume861
Mix86.6%
Spread
+0.771%Above
Fees
$3,515Fees
Refinance
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume133
Mix13.4%
Spread
+0.558%Above
Fees
$4,757Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
994
Applications
1,363
Volume
$205 million
Pricing & Closing
Avg Rate Spread
+0.739%
vs. market APOR
Avg Net Fees
$3,701
Origination − Credits
Pullthrough Rate
72.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$206,932
Avg Borrower Income
$87,169
Avg Property Value
$235,946
Geographic Coverage
Geographic Performance
Metro Areas
9
markets with activity
States Served
22
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
22Northeast5
CTMENHNJPA
Midwest5
IAINMIOHSD
South10
ALARFLGAKYNCOKSCTNWV
West2
IDNM
Top Metro Areas by Place Specialization Score
Volume 93Mix 9.36% of portfolio
86/100
Exceptional
Volume 133Mix 13.38% of portfolio
83/100
Exceptional
Volume 78Mix 7.85% of portfolio
72/100
Strong
Volume 78Mix 7.85% of portfolio
67/100
Strong
Volume 51Mix 5.13% of portfolio
62/100
Strong
Volume 49Mix 4.93% of portfolio
60/100
Sound
Volume 30Mix 3.02% of portfolio
54/100
Sound
Volume 30Mix 3.02% of portfolio
53/100
Sound
Volume 12Mix 1.21% of portfolio
47/100
SoundTop States by Place Specialization Score
1
OhioState
Volume 670Mix 67.40% of portfolio
82/100
Exceptional2
KentuckyState
Volume 110Mix 11.07% of portfolio
68/100
Strong3
IndianaState
Volume 120Mix 12.07% of portfolio
64/100
Strong4
West VirginiaState
Volume 36Mix 3.62% of portfolio
58/100
Sound5
MichiganState
Volume 10Mix 1.01% of portfolio
37/100
AcceptableHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Looking for a different lender?
Are you the owner of Polaris Home Funding?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.