Poli Mortgage Group, Inc. Mortgage Lending & HMDA Data, 2021

In 2021, Poli Mortgage Group, Inc. of Canton, MA reported 1,336 mortgage applications totaling $561.0 million, down 31% from 2020. The average application was for $419,887, and applicants reported an average income of $185,742. 93% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boston, MA (498), Cambridge-Newton-Framingham, MA (442) and Worcester, MA-CT (65) (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 2021  2020  2019  2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 1,336
Total Mortgage Loan Application Amount $560,970,000
Average Mortgage Loan Application Amount $419,887
Highest Mortgage Loan Application Amount $2,305,000
Average Applicant Income $185,742
Highest Applicant Income $2,623,000

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records Poli Mortgage Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Poli Mortgage Group, Inc. by County in 2021

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Middlesex, Massachusetts 362 $ 168,450,000 $ 465,331 $ 205,000
Norfolk, Massachusetts 336 $ 139,830,000 $ 416,160 $ 188,000
Suffolk, Massachusetts 96 $ 47,050,000 $ 490,104 $ 199,000
Essex, Massachusetts 80 $ 33,990,000 $ 424,875 $ 162,000
Plymouth, Massachusetts 66 $ 26,200,000 $ 396,969 $ 171,000
Worcester, Massachusetts 64 $ 22,570,000 $ 352,656 $ 131,000
Barnstable, Massachusetts 55 $ 22,775,000 $ 414,090 $ 228,000
Bristol, Massachusetts 41 $ 13,735,000 $ 335,000 $ 135,000
Fairfield, Connecticut 20 $ 7,780,000 $ 389,000 $ 158,000
Rockingham, New Hampshire 15 $ 5,195,000 $ 346,333 $ 173,000
Hartford, Connecticut 12 $ 3,560,000 $ 296,666 $ 152,000
Providence, Rhode Island 11 $ 3,795,000 $ 345,000 $ 163,000
Hillsborough, New Hampshire 10 $ 3,600,000 $ 360,000 $ 142,000
New Haven, Connecticut 8 $ 2,190,000 $ 273,750 $ 115,000
Palm Beach, Florida 8 $ 3,170,000 $ 396,250 $ 297,000
District of Columbia, District Of Columbia 7 $ 4,005,000 $ 572,142 $ 176,000
Montgomery, Maryland 7 $ 2,885,000 $ 412,142 $ 190,000
Litchfield, Connecticut 5 $ 1,735,000 $ 347,000 $ 106,000
Bergen, New Jersey 5 $ 2,715,000 $ 543,000 $ 217,000
Montgomery, Pennsylvania 5 $ 1,625,000 $ 325,000 $ 128,000
Washington, Rhode Island 5 $ 1,925,000 $ 385,000 $ 108,000
Sarasota, Florida 4 $ 1,410,000 $ 352,500 $ 174,000
Frederick, Maryland 4 $ 1,260,000 $ 315,000 $ 103,000
Merrimack, New Hampshire 4 $ 1,200,000 $ 300,000 $ 184,000
Essex, New Jersey 4 $ 2,060,000 $ 515,000 $ 170,000
Morris, New Jersey 4 $ 1,470,000 $ 367,500 $ 125,000
Middlesex, Connecticut 3 $ 1,065,000 $ 355,000 $ 236,000
Cumberland, Maine 3 $ 1,465,000 $ 488,333 $ 292,000
York, Maine 3 $ 1,505,000 $ 501,666 $ 198,000
Anne Arundel, Maryland 3 $ 1,415,000 $ 471,666 $ 147,000
Prince George's, Maryland 3 $ 865,000 $ 288,333 $ 193,000
Hampden, Massachusetts 3 $ 665,000 $ 221,666 $ 142,000
Strafford, New Hampshire 3 $ 905,000 $ 301,666 $ 97,000
Hudson, New Jersey 3 $ 1,325,000 $ 441,666 $ 182,000
Middlesex, New Jersey 3 $ 1,275,000 $ 425,000 $ 144,000
Mecklenburg, North Carolina 3 $ 1,125,000 $ 375,000 $ 131,000
Chester, Pennsylvania 3 $ 1,095,000 $ 365,000 $ 142,000
Newport, Rhode Island 3 $ 1,295,000 $ 431,666 $ 147,000
New London, Connecticut 2 $ 760,000 $ 380,000 $ 170,000
Miami-Dade, Florida 2 $ 450,000 $ 225,000 $ 415,000
Gwinnett, Georgia 2 $ 480,000 $ 240,000 $ 277,000
Oxford, Maine 2 $ 470,000 $ 235,000 $ 107,000
Harford, Maryland 2 $ 710,000 $ 355,000 $ 228,000
Howard, Maryland 2 $ 620,000 $ 310,000 $ 162,000
Dukes, Massachusetts 2 $ 930,000 $ 465,000 $ 231,000
Belknap, New Hampshire 2 $ 890,000 $ 445,000 $ 248,000
Cheshire, New Hampshire 2 $ 790,000 $ 395,000 $ 212,000
Cape May, New Jersey 2 $ 290,000 $ 145,000 $ 39,000
Monmouth, New Jersey 2 $ 560,000 $ 280,000 $ 140,000
Wake, North Carolina 2 $ 750,000 $ 375,000 $ 184,000
Delaware, Pennsylvania 2 $ 640,000 $ 320,000 $ 155,000
Kent, Rhode Island 2 $ 450,000 $ 225,000 $ 62,000
Tolland, Connecticut 1 $ 275,000 $ 275,000 $ 78,000
Windham, Connecticut 1 $ 385,000 $ 385,000 $ 377,000
Sussex, Delaware 1 $ 285,000 $ 285,000 $ 105,000
Broward, Florida 1 $ 195,000 $ 195,000 $ 187,000
Charlotte, Florida 1 $ 365,000 $ 365,000 $ 138,000
Collier, Florida 1 $ 485,000 $ 485,000 $ 183,000
Lake, Florida 1 $ 235,000 $ 235,000 $ 82,000
Marion, Florida 1 $ 195,000 $ 195,000 $ 46,000
Orange, Florida 1 $ 375,000 $ 375,000 $ 238,000
Pinellas, Florida 1 $ 505,000 $ 505,000 $ 695,000
Seminole, Florida 1 $ 395,000 $ 395,000 $ 155,000
Effingham, Georgia 1 $ 255,000 $ 255,000 $ 69,000
Baltimore, Maryland 1 $ 315,000 $ 315,000 $ 139,000
Baltimore City, Maryland 1 $ 495,000 $ 495,000 $ 245,000
Charles, Maryland 1 $ 505,000 $ 505,000 $ 128,000
Berkshire, Massachusetts 1 $ 235,000 $ 235,000 $ 98,000
Nantucket, Massachusetts 1 $ 565,000 $ 565,000 $ 691,000
Carroll, New Hampshire 1 $ 215,000 $ 215,000 $ 287,000
Grafton, New Hampshire 1 $ 255,000 $ 255,000 $ 159,000
Burlington, New Jersey 1 $ 345,000 $ 345,000 $ 256,000
Gloucester, New Jersey 1 $ 185,000 $ 185,000 $ 62,000
Somerset, New Jersey 1 $ 545,000 $ 545,000 $ 175,000
Union, New Jersey 1 $ 675,000 $ 675,000 $ 97,000
Bucks, Pennsylvania 1 $ 475,000 $ 475,000 $ 179,000
Philadelphia, Pennsylvania 1 $ 305,000 $ 305,000 $ 250,000
Bristol, Rhode Island 1 $ 545,000 $ 545,000 $ 232,000
Pickens, South Carolina 1 $ 205,000 $ 205,000 $ 56,000
Addison, Vermont 1 $ 315,000 $ 315,000 $ 95,000
Chittenden, Vermont 1 $ 345,000 $ 345,000 $ 107,000
Windsor, Vermont 1 $ 395,000 $ 395,000 $ 327,000
Albemarle, Virginia 1 $ 205,000 $ 205,000 $ 109,000
Fairfax, Virginia 1 $ 365,000 $ 365,000 $ 356,000
Orange, Virginia 1 $ 235,000 $ 235,000 $ 80,000
Spotsylvania, Virginia 1 $ 325,000 $ 325,000 $ 152,000

Mortgage Loan Application Detail Totals for Poli Mortgage Group, Inc. in 2021

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
Refinancing 1,096 $444,810,000 $405,000 $2,305,000 $187,000 $2,623,000
Home Purchase 240 $116,160,000 $484,000 $1,215,000 $180,000 $695,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
Home Improvement 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 867 $348,525,000 $401,000 $2,305,000 $186,000 $2,623,000
Asian 384 $178,470,000 $464,000 $1,025,000 $191,000 $753,000
Not Provided 49 $20,125,000 $410,000 $695,000 $166,000 $627,000
Hispanic 17 $6,525,000 $383,000 $535,000 $138,000 $510,000
Black or African American 13 $4,525,000 $348,000 $475,000 $108,000 $213,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 1,315 $552,835,000 $420,000 $2,305,000 $187,000 $2,623,000
FHA-insured (Federal Housing Administration) 10 $3,810,000 $381,000 $555,000 $81,000 $125,000
VA-guaranteed (Veterans Administration) 8 $3,430,000 $428,000 $745,000 $71,000 $161,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $895,000 $298,000 $315,000 $80,000 $82,000

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 1,237 $516,315,000 $417,000 $1,215,000 $183,000 $2,623,000
Application Withdrawn By Applicant 41 $18,405,000 $448,000 $1,135,000 $201,000 $900,000
Application Denied By Financial Institution 34 $16,160,000 $475,000 $2,305,000 $249,000 $1,174,000
Application Approved But Not Accepted 23 $9,815,000 $426,000 $795,000 $161,000 $397,000
File Closed For Incompleteness 1 $275,000 $275,000 $275,000 $188,000 $188,000
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 1,302 $544,810,000 $418,000 $1,215,000 $184,000 $2,623,000
Collateral 16 $7,020,000 $438,000 $935,000 $261,000 $804,000
Debt-To-Income Ratio 12 $6,980,000 $581,000 $2,305,000 $299,000 $1,174,000
Unverifiable Information 3 $1,125,000 $375,000 $425,000 $93,000 $122,000
Other 2 $650,000 $325,000 $395,000 $165,000 $207,000
Employment History 1 $385,000 $385,000 $385,000 $95,000 $95,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 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 2021 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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