Applications / Mortgage Analytics / Lenders / Michigan / Polaris Home Funding
Grandville, MI · Independent non-bank lender · CFPB · 1,219 loans in 2025
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1,219
loans originated, 2025
1,797
applications, 2025
22
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Polaris Home Funding, a mortgage company based in Grandville, Michigan, that does most of its lending in Ohio, makes small, government-backed loans for home purchases to buyers of modest means.
Nearly half of its 1,219 loans in 2025 were insured by the Federal Housing Administration (FHA), against 22.5% at similar lenders (independent non-bank lenders making between half and twice as many loans). Another 9.5% were guaranteed by the Department of Agriculture's Rural Housing Service (RHS), more than at almost any of its peers, where the typical share is 0.3%. Purchases made up 73.3% of its loans.
Its typical loan was $185,000, against $315,000 at similar lenders, among the smallest in the group. Half its borrowers (49.8%) had low or moderate incomes, against 28.2% at peers; only about one similar lender in twenty lent more to them. Its biggest markets are non-metro Ohio and Kentucky and Ohio cities such as Canton-Massillon.
Its typical rate, 6.62%, was the same as its peers'. But 7.3% of its loans were higher-priced (a rate well above the average for similar loans), against 2.1% at peers. Its heavy FHA lending, more than double peers' share, could account for most of that gap, along with its manufactured-home loans, 3.4% of the total.
It ranks 3 of 149 lenders in Weirton-Steubenville, OH-WV, with 9.0% of the market, up 1.3 points from 2024. Only Hancock County Savings Bank and WesBanco Bank lent more there. In Canton-Massillon it ranks 13 of 297, with 1.8%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Polaris Home Funding took 1,797 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 73.3% · Other 15.3% · Refinance 11.0% · Home improvement 0.4%
FHA 48.9% · Conventional 34.7% · USDA (RHS or FSA) 9.5% · VA 6.9% · of 1,219 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Ohio | 744 | 61.0% |
| Indiana | 154 | 12.6% |
| Kentucky | 131 | 10.7% |
| West Virginia | 42 | 3.4% |
| North Carolina | 32 | 2.6% |
| Pennsylvania | 29 | 2.4% |
| Tennessee | 14 | 1.1% |
| Michigan | 10 | 0.8% |
| Florida | 9 | 0.7% |
| Arkansas | 8 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Canton-Massillon | 146 |
| Cincinnati | 122 |
| Weirton-Steubenville | 122 |
| Akron | 58 |
| Fort Wayne | 57 |
| Cleveland | 40 |
| Columbus | 40 |
| Dayton-Kettering-Beavercreek | 33 |
| Parkersburg-Vienna | 20 |
| Charlotte-Concord-Gastonia | 11 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930063578UDYE3JR69 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3870512 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 71821100000 | 2002–2017 |
Established 23 April 2001. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Polaris Home Funding's data.
Polaris Home Funding's data
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Polaris Home Funding and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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