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
Promptness
Not enough data
—/5
No quote responses measured yet
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
1/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
303 loans · 0.67% above market
Strong
Top 40% of lenders
4/5
FHA
492 loans · 0.85% above market
Exceptional
Top 20% of lenders
5/5
VA
64 loans · 0.18% above market
Strong
Top 40% of lenders
4/5
USDA
135 loans · 0.55% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
861 loans · 0.77% above market
Strong
Top 40% of lenders
4/5
Refinance
133 loans · 0.56% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 10 markets
Strong
Top 40% of lenders
4/5
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
22Full-year 2024 · HMDALoans originated
< 1010–5050–100100+None
Northeast5
CTMENHNJPA
Midwest5
IAINMIOHSD
South10
ALARFLGAKYNCOKSCTNWV
West2
IDNM
Top Metro Areas by Place Specialization Score
Top States by Place Specialization Score
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.
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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.