Poli Mortgage Group, Inc. Mortgage Lending & HMDA Data, 2022
In 2022, Poli Mortgage Group, Inc. of Canton, MA reported 269 mortgage applications totaling $119.9 million. The average application was for $445,817, and applicants reported an average income of $173,163. 75% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (78), Boston, MA (72) and Providence-Warwick, RI-MA (17) (applications in parentheses).
| Mortgage Company & Address | Poli Mortgage Group, Inc. 780 Dedham Street Canton, MA 02021 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 |
| Total Number of Mortgage Applications | 269 |
| Total Mortgage Loan Application Amount | $119,925,000 |
| Average Mortgage Loan Application Amount | $445,817 |
| Highest Mortgage Loan Application Amount | $1,925,000 |
| Average Applicant Income | $173,163 |
| Highest Applicant Income | $729,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Poli Mortgage Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex, Massachusetts | 67 | $ 34,015,000 | $ 507,686 | $ 183,000 |
| Norfolk, Massachusetts | 39 | $ 17,915,000 | $ 459,358 | $ 136,000 |
| Suffolk, Massachusetts | 19 | $ 9,405,000 | $ 495,000 | $ 183,000 |
| Plymouth, Massachusetts | 14 | $ 5,880,000 | $ 420,000 | $ 140,000 |
| Barnstable, Massachusetts | 11 | $ 4,735,000 | $ 430,454 | $ 153,000 |
| Essex, Massachusetts | 11 | $ 5,015,000 | $ 455,909 | $ 121,000 |
| Worcester, Massachusetts | 11 | $ 4,295,000 | $ 390,454 | $ 129,000 |
| Bristol, Massachusetts | 8 | $ 3,160,000 | $ 395,000 | $ 120,000 |
| Providence, Rhode Island | 7 | $ 2,535,000 | $ 362,142 | $ 353,000 |
| Hillsborough, New Hampshire | 6 | $ 2,240,000 | $ 373,333 | $ 159,000 |
| Fairfield, Connecticut | 4 | $ 1,720,000 | $ 430,000 | $ 155,000 |
| Miami-Dade, Florida | 4 | $ 1,380,000 | $ 345,000 | $ 175,000 |
| Bergen, New Jersey | 4 | $ 1,800,000 | $ 450,000 | $ 184,000 |
| Hartford, Connecticut | 3 | $ 1,245,000 | $ 415,000 | $ 170,000 |
| Bay, Florida | 3 | $ 805,000 | $ 268,333 | $ 177,000 |
| Sarasota, Florida | 3 | $ 1,145,000 | $ 381,666 | $ 277,000 |
| Cumberland, Maine | 3 | $ 1,115,000 | $ 371,666 | $ 367,000 |
| Howard, Maryland | 3 | $ 1,035,000 | $ 345,000 | $ 239,000 |
| Hampshire, Massachusetts | 3 | $ 715,000 | $ 238,333 | $ 121,000 |
| New Haven, Connecticut | 2 | $ 770,000 | $ 385,000 | $ 199,000 |
| Broward, Florida | 2 | $ 930,000 | $ 465,000 | $ 95,000 |
| Marion, Florida | 2 | $ 380,000 | $ 190,000 | $ 100,000 |
| Seminole, Florida | 2 | $ 910,000 | $ 455,000 | $ 132,000 |
| Hampden, Massachusetts | 2 | $ 420,000 | $ 210,000 | $ 86,000 |
| Rockingham, New Hampshire | 2 | $ 1,330,000 | $ 665,000 | $ 263,000 |
| Forsyth, North Carolina | 2 | $ 850,000 | $ 425,000 | $ 328,000 |
| Delaware, Pennsylvania | 2 | $ 790,000 | $ 395,000 | $ 154,000 |
| Orange, Florida | 1 | $ 355,000 | $ 355,000 | $ 105,000 |
| Osceola, Florida | 1 | $ 475,000 | $ 475,000 | $ 197,000 |
| Pasco, Florida | 1 | $ 585,000 | $ 585,000 | $ 579,000 |
| Pinellas, Florida | 1 | $ 565,000 | $ 565,000 | $ 250,000 |
| Sumter, Florida | 1 | $ 445,000 | $ 445,000 | $ 85,000 |
| Volusia, Florida | 1 | $ 355,000 | $ 355,000 | $ 153,000 |
| Chatham, Georgia | 1 | $ 205,000 | $ 205,000 | $ 53,000 |
| Cobb, Georgia | 1 | $ 325,000 | $ 325,000 | $ 106,000 |
| DeKalb, Georgia | 1 | $ 455,000 | $ 455,000 | $ 128,000 |
| Fulton, Georgia | 1 | $ 485,000 | $ 485,000 | $ 157,000 |
| Oxford, Maine | 1 | $ 305,000 | $ 305,000 | $ 109,000 |
| Anne Arundel, Maryland | 1 | $ 355,000 | $ 355,000 | $ 311,000 |
| Baltimore, Maryland | 1 | $ 415,000 | $ 415,000 | $ 110,000 |
| Montgomery, Maryland | 1 | $ 475,000 | $ 475,000 | $ 296,000 |
| Prince George's, Maryland | 1 | $ 515,000 | $ 515,000 | $ 160,000 |
| Dukes, Massachusetts | 1 | $ 455,000 | $ 455,000 | $ 142,000 |
| Carroll, New Hampshire | 1 | $ 335,000 | $ 335,000 | $ 178,000 |
| Strafford, New Hampshire | 1 | $ 565,000 | $ 565,000 | $ 176,000 |
| Sullivan, New Hampshire | 1 | $ 185,000 | $ 185,000 | $ 146,000 |
| Essex, New Jersey | 1 | $ 1,145,000 | $ 1,145,000 | $ 272,000 |
| Middlesex, New Jersey | 1 | $ 365,000 | $ 365,000 | $ 261,000 |
| Monmouth, New Jersey | 1 | $ 685,000 | $ 685,000 | $ 200,000 |
| Morris, New Jersey | 1 | $ 465,000 | $ 465,000 | $ 192,000 |
| Wake, North Carolina | 1 | $ 365,000 | $ 365,000 | $ 467,000 |
| Philadelphia, Pennsylvania | 1 | $ 415,000 | $ 415,000 | $ 140,000 |
| Newport, Rhode Island | 1 | $ 275,000 | $ 275,000 | $ 100,000 |
| Washington, Rhode Island | 1 | $ 465,000 | $ 465,000 | $ 141,000 |
| Bennington, Vermont | 1 | $ 305,000 | $ 305,000 | $ 388,000 |
| Rutland, Vermont | 1 | $ 235,000 | $ 235,000 | $ 83,000 |
| Loudoun, Virginia | 1 | $ 815,000 | $ 815,000 | $ 219,000 |
Mortgage Loan Application Detail Totals for Poli Mortgage Group, Inc. in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 160 | $72,750,000 | $454,000 | $1,925,000 | $170,000 | $650,000 |
| Refinancing | 105 | $45,315,000 | $431,000 | $855,000 | $177,000 | $729,000 |
| Cash-out Refinancing | 4 | $1,860,000 | $465,000 | $505,000 | $199,000 | $258,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 159 | $66,405,000 | $417,000 | $855,000 | $156,000 | $675,000 |
| Asian | 87 | $44,055,000 | $506,000 | $1,925,000 | $211,000 | $729,000 |
| Black or African American | 11 | $4,315,000 | $392,000 | $645,000 | $107,000 | $189,000 |
| Hispanic | 9 | $3,565,000 | $396,000 | $635,000 | $182,000 | $579,000 |
| Not Provided | 1 | $215,000 | $215,000 | $215,000 | $131,000 | $131,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 260 | $115,620,000 | $444,000 | $1,925,000 | $175,000 | $729,000 |
| FHA-insured (Federal Housing Administration) | 7 | $3,205,000 | $457,000 | $515,000 | $116,000 | $165,000 |
| VA-guaranteed (Veterans Administration) | 2 | $1,100,000 | $550,000 | $575,000 | $165,000 | $191,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 203 | $88,605,000 | $436,000 | $855,000 | $164,000 | $729,000 |
| Application Withdrawn By Applicant | 39 | $21,045,000 | $539,000 | $1,925,000 | $220,000 | $650,000 |
| Application Denied By Financial Institution | 18 | $6,950,000 | $386,000 | $645,000 | $153,000 | $675,000 |
| Application Approved But Not Accepted | 7 | $2,555,000 | $365,000 | $635,000 | $211,000 | $650,000 |
| File Closed For Incompleteness | 2 | $770,000 | $385,000 | $415,000 | $213,000 | $246,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 251 | $112,975,000 | $450,000 | $1,925,000 | $174,000 | $729,000 |
| Collateral | 9 | $2,685,000 | $298,000 | $505,000 | $192,000 | $675,000 |
| Debt-To-Income Ratio | 6 | $3,050,000 | $508,000 | $645,000 | $137,000 | $197,000 |
| Mortgage Insurance Denied | 2 | $930,000 | $465,000 | $505,000 | $80,000 | $160,000 |
| Unverifiable Information | 1 | $285,000 | $285,000 | $285,000 | $51,000 | $51,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Poli Mortgage Group, Inc.'s 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Poli Mortgage Group, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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