Commerce Home Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 5493004AS1SPBQOFDR49

Tax ID: 68-0295876

1.6 stars - out of 5 stars, based on 131 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Commerce Home Mortgage is a large mortgage company specializing in Home Purchase and Refi loans. Commerce Home Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, San Francisco, Riverside, Sacramento, and El Paso among others. Commerce Home Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Commerce Home Mortgage is typically a high fee lendor.


Originations

17,163

Origination Dollar Volume (All Markets)

$7,688,995,000
Show all (25) awards

Relative Rate

Commerce Home Mortgage 's average 30 year fixed rate mortgage of loans were 3.46%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.31%.

Relative Fees

Commerce Home Mortgage 's average total fees for a 30 year fixed rate mortgage are $7,190.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2,070 $1,641,240,000 $792,870 $8,897 3.82%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1,918 $1,362,450,000 $710,349 $7,295 3.47%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1,269 $468,365,000 $369,082 $7,739 3.34%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 869 $358,695,000 $412,768 $6,989 3.15%
EL PASO, TX (FHA|USDA|VA) 1,127 $222,375,000 $197,316 $7,540 3.15%
REDDING, CA (FHA|USDA|VA) 791 $218,815,000 $276,631 $5,741 3.15%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 260 $210,390,000 $809,192 $7,069 3.70%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 441 $207,635,000 $470,828 $9,392 4.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 319 $198,355,000 $621,803 $7,921 3.69%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 475 $195,945,000 $412,516 $6,211 3.24%
CHICO, CA (FHA|USDA|VA) 651 $177,665,000 $272,911 $5,935 2.95%
VISALIA, CA (FHA|USDA|VA) 592 $167,140,000 $282,331 $5,440 3.04%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 388 $162,040,000 $417,629 $7,075 3.13%
BOULDER, CO (FHA|USDA|VA) 228 $138,470,000 $607,325 $5,132 3.32%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 340 $112,520,000 $330,941 $7,098 3.39%
Outside of Metro Areas 356 $109,270,000 $306,938 $6,071 3.15%
VALLEJO, CA (FHA|USDA|VA) 208 $93,610,000 $450,048 $7,584 3.33%
ALBUQUERQUE, NM (FHA|USDA|VA) 400 $84,190,000 $210,475 $6,111 3.38%
STOCKTON, CA (FHA|USDA|VA) 195 $70,495,000 $361,513 $6,593 3.24%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 257 $69,955,000 $272,198 $7,229 4.31%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 88 $67,540,000 $767,500 $7,151 3.66%
MODESTO, CA (FHA|USDA|VA) 176 $59,800,000 $339,773 $7,538 3.10%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 89 $59,195,000 $665,112 $4,653 3.40%
FRESNO, CA (FHA|USDA|VA) 182 $58,630,000 $322,143 $6,228 3.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 135 $54,095,000 $400,704 $5,354 3.15%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 161 $49,835,000 $309,534 $8,047 3.76%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 144 $47,560,000 $330,278 $7,210 4.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 105 $45,605,000 $434,333 $9,663 3.26%
Red Bluff, CA (FHA|USDA|VA) 165 $45,475,000 $275,606 $6,653 3.20%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 128 $38,560,000 $301,250 $8,817 3.90%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 38 $37,640,000 $990,526 $8,315 4.02%
BEND, OR (FHA|USDA|VA) 77 $36,825,000 $478,247 $6,176 3.45%
BAKERSFIELD, CA (FHA|USDA|VA) 136 $31,320,000 $230,294 $6,083 3.07%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 101 $30,885,000 $305,792 $5,596 3.22%
SALEM, OR (FHA|USDA|VA) 96 $30,100,000 $313,542 $6,143 3.20%
RENO, NV (FHA|USDA|VA) 87 $28,895,000 $332,126 $5,721 3.07%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 98 $28,880,000 $294,694 $5,101 3.74%
NAPA, CA (FHA|USDA|VA) 41 $28,075,000 $684,756 $10,896 3.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 87 $24,625,000 $283,046 $7,394 3.36%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 32 $21,300,000 $665,625 $7,424 3.84%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 34 $19,390,000 $570,294 $7,369 3.83%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 65 $18,335,000 $282,077 $4,737 3.03%
SALINAS, CA (FHA|USDA|VA) 25 $18,285,000 $731,400 $9,691 3.52%
GREELEY, CO (FHA|USDA|VA) 47 $16,665,000 $354,574 $5,596 3.17%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 45 $16,355,000 $363,444 $6,312 3.66%
COLORADO SPRINGS, CO (FHA|USDA|VA) 50 $15,730,000 $314,600 $5,512 3.19%
YUBA CITY, CA (FHA|USDA|VA) 59 $15,625,000 $264,831 $6,238 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 42 $14,260,000 $339,524 $6,647 3.62%
SANTA FE, NM (FHA|USDA|VA) 40 $13,860,000 $346,500 $6,193 3.39%
MERCED, CA (FHA|USDA|VA) 43 $13,575,000 $315,698 $8,454 3.28%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 36 $12,520,000 $347,778 $6,899 5.32%
JACKSONVILLE, FL (FHA|USDA|VA) 48 $12,180,000 $253,750 $6,296 3.44%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 48 $11,740,000 $244,583 $6,419 3.53%
Truckee-Grass Valley, CA (FHA|USDA|VA) 30 $11,560,000 $385,333 $6,861 3.19%
LAS CRUCES, NM (FHA|USDA|VA) 49 $11,375,000 $232,143 $6,980 3.19%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 34 $11,320,000 $332,941 $7,538 3.40%
MADERA, CA (FHA|USDA|VA) 32 $10,510,000 $328,438 $7,421 3.54%
BOISE CITY, ID (FHA|USDA|VA) 33 $10,305,000 $312,273 $6,659 3.73%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 37 $9,925,000 $268,243 $7,671 3.52%
SALT LAKE CITY, UT (FHA|USDA|VA) 19 $9,725,000 $511,842 $9,614 4.58%
PORT ST. LUCIE, FL (FHA|USDA|VA) 30 $8,660,000 $288,667 $8,925 3.92%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 22 $8,160,000 $370,909 $6,950 3.42%
FORT COLLINS, CO (FHA|USDA|VA) 24 $7,660,000 $319,167 $5,848 3.43%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $7,420,000 $530,000 $18,116 5.11%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 26 $6,970,000 $268,077 $6,629 4.18%
Clearlake, CA (FHA|USDA|VA) 26 $6,900,000 $265,385 $5,600 3.58%
Outside of Metro Areas 8 $6,770,000 $846,250 $8,745 3.69%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 30 $6,760,000 $225,333 $5,495 2.72%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 19 $6,635,000 $349,211 $5,427 3.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 18 $6,420,000 $356,667 $6,210 4.22%
RICHMOND, VA (FHA|USDA|VA) 24 $6,290,000 $262,083 $6,965 3.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 22 $6,250,000 $284,091 $5,483 3.13%
Newport, OR (FHA|USDA|VA) 17 $5,955,000 $350,294 $5,936 3.24%
Heber, UT (FHA|USDA|VA) 5 $5,915,000 $1,183,000 $5,876 4.37%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 15 $5,505,000 $367,000 $5,679 3.20%
TUCSON, AZ (FHA|USDA|VA) 21 $5,315,000 $253,095 $5,750 2.95%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 17 $5,175,000 $304,412 $9,354 3.72%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 9 $5,055,000 $561,667 $4,167 3.13%
Eureka-Arcata, CA (FHA|USDA|VA) 15 $4,745,000 $316,333 $6,177 3.39%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 15 $4,375,000 $291,667 $4,357 3.48%
Astoria, OR (FHA|USDA|VA) 10 $4,170,000 $417,000 $7,179 3.57%
Key West, FL (FHA|USDA|VA) 4 $4,130,000 $1,032,500 $11,191 4.45%
TALLAHASSEE, FL (FHA|USDA|VA) 6 $4,120,000 $686,667 $5,555 4.20%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 16 $3,990,000 $249,375 $5,068 3.36%
SAVANNAH, GA (FHA|USDA|VA) 17 $3,945,000 $232,059 $4,389 2.67%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 13 $3,845,000 $295,769 $3,535 3.93%
PROVO-OREM, UT (FHA|USDA|VA) 11 $3,805,000 $345,909 $5,065 3.59%
EL CENTRO, CA (FHA|USDA|VA) 18 $3,640,000 $202,222 $6,981 2.96%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $3,635,000 $403,889 $10,348 4.33%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 3 $3,535,000 $1,178,333 $10,813 4.90%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $3,440,000 $573,333 $6,958 3.48%
PUEBLO, CO (FHA|USDA|VA) 14 $3,420,000 $244,286 $5,034 3.26%
CORVALLIS, OR (FHA|USDA|VA) 9 $3,395,000 $377,222 $4,688 3.30%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $3,160,000 $395,000 $10,537 4.59%
Kapaa, HI (FHA|USDA|VA) 2 $2,970,000 $1,485,000 $0 5.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 11 $2,945,000 $267,727 $6,001 4.24%
URBAN HONOLULU, HI (FHA|USDA|VA) 5 $2,945,000 $589,000 $0 4.95%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $2,930,000 $366,250 $10,969 3.90%
CORPUS CHRISTI, TX (FHA|USDA|VA) 11 $2,795,000 $254,091 $6,524 3.49%
MEDFORD, OR (FHA|USDA|VA) 10 $2,770,000 $277,000 $6,425 3.16%
Edwards, CO (FHA|USDA|VA) 6 $2,700,000 $450,000 $6,889 4.20%
Sonora, CA (FHA|USDA|VA) 7 $2,655,000 $379,286 $4,771 3.45%
OCALA, FL (FHA|USDA|VA) 12 $2,560,000 $213,333 $5,834 3.67%
MIDLAND, TX (FHA|USDA|VA) 8 $2,520,000 $315,000 $6,899 3.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,495,000 $356,429 $10,779 4.29%
FLAGSTAFF, AZ (FHA|USDA|VA) 6 $2,440,000 $406,667 $7,824 3.89%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $2,310,000 $231,000 $6,183 4.05%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $2,300,000 $287,500 $4,063 2.52%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $2,260,000 $376,667 $6,406 3.79%
LONGVIEW, WA (FHA|USDA|VA) 6 $2,140,000 $356,667 $5,259 3.12%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 10 $2,130,000 $213,000 $6,677 3.62%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 8 $2,120,000 $265,000 $5,545 2.94%
Fernley, NV (FHA|USDA|VA) 8 $2,010,000 $251,250 $4,213 3.22%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 8 $2,000,000 $250,000 $4,237 2.86%
Ukiah, CA (FHA|USDA|VA) 7 $1,915,000 $273,571 $3,606 3.51%
WENATCHEE, WA (FHA|USDA|VA) 5 $1,915,000 $383,000 $12,228 3.28%
ST. GEORGE, UT (FHA|USDA|VA) 4 $1,860,000 $465,000 $11,877 3.84%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $1,715,000 $245,000 $4,483 2.91%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,625,000 $541,667 $11,326 2.79%
Shelton, WA (FHA|USDA|VA) 4 $1,530,000 $382,500 $6,337 3.06%
Breckenridge, CO (FHA|USDA|VA) 4 $1,490,000 $372,500 $4,982 3.87%
LYNCHBURG, VA (FHA|USDA|VA) 5 $1,465,000 $293,000 $4,560 3.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $1,415,000 $471,667 $10,425 4.73%
ROANOKE, VA (FHA|USDA|VA) 6 $1,410,000 $235,000 $3,085 3.40%
Elko, NV (FHA|USDA|VA) 5 $1,385,000 $277,000 $4,468 3.00%
IDAHO FALLS, ID (FHA|USDA|VA) 4 $1,320,000 $330,000 $10,944 4.06%
Gardnerville Ranchos, NV (FHA|USDA|VA) 4 $1,290,000 $322,500 $4,841 3.34%
Mineral Wells, TX (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $0 5.25%
COLUMBUS, GA-AL (FHA|USDA|VA) 5 $1,285,000 $257,000 $4,197 2.80%
Klamath Falls, OR (FHA|USDA|VA) 5 $1,275,000 $255,000 $7,233 3.57%
WACO, TX (FHA|USDA|VA) 5 $1,265,000 $253,000 $5,083 4.16%
Prineville, OR (FHA|USDA|VA) 3 $1,245,000 $415,000 $7,647 3.75%
TYLER, TX (FHA|USDA|VA) 4 $1,200,000 $300,000 $6,312 3.99%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $1,135,000 $378,333 $0 5.27%
LUBBOCK, TX (FHA|USDA|VA) 4 $1,130,000 $282,500 $6,717 4.03%
Roseburg, OR (FHA|USDA|VA) 3 $1,125,000 $375,000 $6,001 3.29%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $1,105,000 $368,333 $1,395 4.83%
Kalispell, MT (FHA|USDA|VA) 2 $1,080,000 $540,000 $8,930 4.66%
TWIN FALLS, ID (FHA|USDA|VA) 4 $1,040,000 $260,000 $5,888 2.90%
Hood River, OR (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,601 3.56%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $950,000 $237,500 $6,269 5.13%
Montrose, CO (FHA|USDA|VA) 3 $945,000 $315,000 $6,052 3.49%
Jefferson, GA (FHA|USDA|VA) 3 $925,000 $308,333 $4,317 3.58%
Fort Morgan, CO (FHA|USDA|VA) 2 $910,000 $455,000 $4,086 4.55%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 6 $900,000 $150,000 $5,536 2.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $885,000 $295,000 $3,732 5.11%
Española, NM (FHA|USDA|VA) 4 $880,000 $220,000 $5,571 3.31%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $830,000 $207,500 $4,034 2.87%
WALLA WALLA, WA (FHA|USDA|VA) 2 $830,000 $415,000 $4,928 3.31%
LAFAYETTE, LA (FHA|USDA|VA) 4 $820,000 $205,000 $5,443 2.88%
Glenwood Springs, CO (FHA|USDA|VA) 2 $810,000 $405,000 $9,905 3.00%
Port Angeles, WA (FHA|USDA|VA) 3 $805,000 $268,333 $5,585 3.08%
GAINESVILLE, GA (FHA|USDA|VA) 4 $790,000 $197,500 $3,824 2.69%
Brookings, OR (FHA|USDA|VA) 2 $770,000 $385,000 $3,784 3.06%
Moses Lake, WA (FHA|USDA|VA) 3 $765,000 $255,000 $3,601 3.21%
BATON ROUGE, LA (FHA|USDA|VA) 4 $760,000 $190,000 $4,319 2.81%
Susanville, CA (FHA|USDA|VA) 4 $760,000 $190,000 $3,786 2.72%
Centralia, WA (FHA|USDA|VA) 4 $760,000 $190,000 $3,579 2.44%
LAREDO, TX (FHA|USDA|VA) 4 $760,000 $190,000 $6,876 4.39%
Vernal, UT (FHA|USDA|VA) 1 $755,000 $755,000 $16,128 4.33%
WARNER ROBINS, GA (FHA|USDA|VA) 4 $740,000 $185,000 $3,674 3.59%
Aberdeen, WA (FHA|USDA|VA) 3 $735,000 $245,000 $5,217 2.58%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $730,000 $365,000 $6,132 3.99%
Carlsbad-Artesia, NM (FHA|USDA|VA) 5 $715,000 $143,000 $5,419 3.62%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $705,000 $235,000 $4,790 4.15%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $665,000 $221,667 $4,854 2.63%
Ruidoso, NM (FHA|USDA|VA) 2 $650,000 $325,000 $9,429 4.75%
CARSON CITY, NV (FHA|USDA|VA) 5 $635,000 $127,000 $4,420 4.25%
GAINESVILLE, FL (FHA|USDA|VA) 4 $630,000 $157,500 $3,384 2.56%
COLUMBUS, OH (FHA|USDA|VA) 2 $630,000 $315,000 $4,854 3.44%
ODESSA, TX (FHA|USDA|VA) 3 $595,000 $198,333 $8,118 3.13%
BRUNSWICK, GA (FHA|USDA|VA) 2 $580,000 $290,000 $8,444 4.19%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $580,000 $290,000 $4,974 2.50%
Fallon, NV (FHA|USDA|VA) 2 $580,000 $290,000 $9,696 3.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $570,000 $285,000 $7,331 2.69%
Hobbs, NM (FHA|USDA|VA) 3 $545,000 $181,667 $5,719 3.00%
Ellensburg, WA (FHA|USDA|VA) 1 $545,000 $545,000 $3,846 2.99%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $545,000 $181,667 $4,245 2.88%
VICTORIA, TX (FHA|USDA|VA) 2 $540,000 $270,000 $6,696 3.43%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $530,000 $265,000 $5,594 2.56%
GRANTS PASS, OR (FHA|USDA|VA) 2 $530,000 $265,000 $4,341 3.50%
FLINT, MI (FHA|USDA|VA) 1 $525,000 $525,000 $0 6.10%
Ontario, OR-ID (FHA|USDA|VA) 2 $520,000 $260,000 $2,808 3.86%
Hailey, ID (FHA|USDA|VA) 2 $520,000 $260,000 $5,182 3.68%
Cañon City, CO (FHA|USDA|VA) 2 $510,000 $255,000 $1,962 2.63%
YAKIMA, WA (FHA|USDA|VA) 2 $480,000 $240,000 $3,421 4.39%
SPRINGFIELD, OH (FHA|USDA|VA) 4 $470,000 $117,500 $3,238 3.50%
LaGrange, GA-AL (FHA|USDA|VA) 2 $470,000 $235,000 $2,747 2.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $465,000 $465,000 $10,832 4.80%
KNOXVILLE, TN (FHA|USDA|VA) 2 $460,000 $230,000 $9,046 4.50%
The Dalles, OR (FHA|USDA|VA) 2 $450,000 $225,000 $4,354 3.25%
HINESVILLE, GA (FHA|USDA|VA) 2 $440,000 $220,000 $4,364 3.13%
Ruston, LA (FHA|USDA|VA) 2 $430,000 $215,000 $3,474 4.18%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $430,000 $215,000 $8,414 2.81%
ABILENE, TX (FHA|USDA|VA) 2 $430,000 $215,000 $3,759 2.50%
Bozeman, MT (FHA|USDA|VA) 1 $425,000 $425,000 $4,801 3.38%
MUSKEGON, MI (FHA|USDA|VA) 1 $405,000 $405,000 $12,236 4.03%
Burley, ID (FHA|USDA|VA) 2 $400,000 $200,000 $7,634 2.50%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $400,000 $200,000 $3,001 3.49%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $390,000 $195,000 $3,657 2.88%
Show Low, AZ (FHA|USDA|VA) 2 $370,000 $185,000 $3,974 3.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,827 3.25%
Bay City, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.98%
THE VILLAGES, FL (FHA|USDA|VA) 1 $355,000 $355,000 $10,343 2.75%
Steamboat Springs, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,311 3.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $335,000 $335,000 $5,410 2.25%
TOLEDO, OH (FHA|USDA|VA) 1 $335,000 $335,000 $3,475 2.25%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $335,000 $335,000 $4,033 2.25%
JACKSON, TN (FHA|USDA|VA) 1 $325,000 $325,000 $9,938 2.88%
Dayton, TN (FHA|USDA|VA) 1 $325,000 $325,000 $3,588 2.75%
Silver City, NM (FHA|USDA|VA) 2 $320,000 $160,000 $4,211 3.13%
Nogales, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $7,935 2.25%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $310,000 $155,000 $6,592 3.06%
Coos Bay, OR (FHA|USDA|VA) 1 $305,000 $305,000 $7,792 2.75%
Athens, TN (FHA|USDA|VA) 1 $305,000 $305,000 $12,311 3.00%
SAGINAW, MI (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.35%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $1,508 2.75%
Portales, NM (FHA|USDA|VA) 3 $295,000 $98,333 $2,827 3.63%
Palestine, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.25%
Lewisburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.73%
Sevierville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.98%
Clewiston, FL (FHA|USDA|VA) 1 $275,000 $275,000 $7,171 3.25%
LONGVIEW, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,732 2.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $265,000 $265,000 $8,450 3.00%
Crossville, TN (FHA|USDA|VA) 1 $265,000 $265,000 $6,336 2.50%
GREEN BAY, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.23%
Winnemucca, NV (FHA|USDA|VA) 1 $265,000 $265,000 $2,941 3.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.23%
Pahrump, NV (FHA|USDA|VA) 2 $260,000 $130,000 $6,116 2.94%
MOBILE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,884 3.50%
Durango, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
GREAT FALLS, MT (FHA|USDA|VA) 1 $255,000 $255,000 $3,981 3.50%
Bainbridge, GA (FHA|USDA|VA) 1 $255,000 $255,000 $6,277 2.25%
POCATELLO, ID (FHA|USDA|VA) 1 $245,000 $245,000 $8,844 3.00%
FARGO, ND-MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.48%
Dublin, GA (FHA|USDA|VA) 1 $245,000 $245,000 $4,310 2.25%
Sandpoint, ID (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.98%
Del Rio, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,584 2.75%
Lake City, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,503 2.75%
Las Vegas, NM (FHA|USDA|VA) 1 $245,000 $245,000 $10,241 3.38%
Rockport, TX (FHA|USDA|VA) 1 $245,000 $245,000 $7,291 3.75%
Danville, KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.73%
YUMA, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $9,542 2.88%
Brenham, TX (FHA|USDA|VA) 1 $235,000 $235,000 $7,688 3.50%
Georgetown, SC (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.23%
Danville, VA (FHA|USDA|VA) 1 $235,000 $235,000 $3,236 2.75%
AMARILLO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,703 2.88%
LIMA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,396 2.75%
Rexburg, ID (FHA|USDA|VA) 1 $225,000 $225,000 $10,794 2.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,407 3.63%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.98%
DALTON, GA (FHA|USDA|VA) 1 $205,000 $205,000 $4,781 2.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $205,000 $205,000 $691 2.25%
Athens, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,723 3.88%
Taos, NM (FHA|USDA|VA) 1 $195,000 $195,000 $10,638 3.13%
MONROE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $7,185 2.88%
Martinsville, VA (FHA|USDA|VA) 1 $195,000 $195,000 $10,950 2.88%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,039 2.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,856 2.25%
Tiffin, OH (FHA|USDA|VA) 1 $185,000 $185,000 $1,857 2.75%
Deming, NM (FHA|USDA|VA) 1 $175,000 $175,000 $7,518 3.25%
Othello, WA (FHA|USDA|VA) 1 $175,000 $175,000 $2,520 2.25%
Paris, TN (FHA|USDA|VA) 1 $165,000 $165,000 $4,628 3.00%
Kingsville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.48%
SAN ANGELO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,869 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.98%
Tifton, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,948 2.88%
Alice, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,335 3.13%
Price, UT (FHA|USDA|VA) 1 $135,000 $135,000 $4,837 2.88%
Gallup, NM (FHA|USDA|VA) 1 $135,000 $135,000 $4,865 4.38%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.23%
Holland, MI (FHA|USDA|VA) 1 $125,000 $125,000 $6,029 4.10%
Thomaston, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.98%
Alamogordo, NM (FHA|USDA|VA) 1 $115,000 $115,000 $5,606 3.50%
Sturgis, MI (FHA|USDA|VA) 1 $115,000 $115,000 $1,120 2.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.23%
MORRISTOWN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $4,973 3.63%
Opelousas, LA (FHA|USDA|VA) 1 $75,000 $75,000 $3,705 3.00%

Commerce Home Mortgage 's top markets include Los Angeles, San Francisco, Riverside, Sacramento, and El Paso among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 12,428 $6,235,580,000 $501,736 $5,873 3.60%
FHA 3,076 $901,080,000 $292,939 $10,408 3.07%
VA 1,589 $531,985,000 $334,792 $6,935 2.71%
USDA 70 $20,350,000 $290,714 $7,626 2.70%

For the 2021 period, Commerce Home Mortgage 's most frequently originated loan type of loans were Conventional, with 12,428 originations. Their 2nd most popular type is FHA, with 3,076 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 8,595 $3,883,065,000 $451,782 $8,208 3.52%
Refi 4,813 $2,020,815,000 $419,866 $5,407 2.98%
Cash Out Refi 2,892 $1,309,480,000 $452,794 $6,666 3.58%
NA 491 $293,705,000 $598,177 $0 4.93%
Home Improvement 372 $181,930,000 $489,059 $5,491 3.48%

For the 2021, Commerce Home Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 8,595 originations. The 2nd most popular reason of loans were Refi, with 4,813 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 16,064 $7,355,920,000 $457,913 $7,190 3.46%
15 Year 703 $197,475,000 $280,903 $4,271 2.51%
20 Year 242 $68,160,000 $281,653 $4,348 2.94%
10 Year 53 $9,675,000 $182,547 $3,386 2.50%
30+ year 53 $38,775,000 $731,604 $21,119 5.07%
Other 46 $18,100,000 $393,478 $5,655 3.50%
3 Year 2 $890,000 $445,000 $0 7.00%

For the 2021, Commerce Home Mortgage 's most frequently cited loan length of loans were 30 Year, with 16,064 originations. The 2nd most popular length of loans were 15 Year, with 703 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 6,620 $2,732,940,000 $412,831
$5k+ 3,647 $2,398,355,000 $657,624
$2k-3k 2,578 $909,570,000 $352,820
$3k-4k 2,221 $895,225,000 $403,073
$<1k 1,465 $401,535,000 $274,085

$7,190 of loans were Commerce Home Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 6,620 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 6,418 $2,810,410,000 $437,895
2.5-3% 5,971 $2,342,125,000 $392,250
4-5% 1,677 $1,033,245,000 $616,127
5-6% 1,475 $977,785,000 $662,905
<2.5% 1,460 $409,560,000 $280,521
6-7% 133 $108,455,000 $815,451
7-8% 24 $7,050,000 $293,750
Over 8% 5 $365,000 $73,000

During 2021, Commerce Home Mortgage 's average interest rate of loans were 3.46%, while their most frequently originated rate bucket of loans were 3-4%, with 6,418 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 7,484 $2,195,100,000 $293,306 $6,574 3.31%
$400k-600k 3,767 $1,829,245,000 $485,597 $7,334 3.41%
$100k-200k 2,473 $395,865,000 $160,075 $5,197 3.31%
$600k-1MM 1,898 $1,437,530,000 $757,392 $9,069 3.77%
$1MM+ 1,179 $1,817,835,000 $1,541,845 $14,490 4.20%
$100,000 or less 362 $13,420,000 $37,072 $1,520 2.10%

2021 saw Commerce Home Mortgage place emphasis on $200k-400k loans with 7,484 originations, totaling $2,195,100,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,909 $1,151,835,000 $395,956 $6,921 3.11%
$50k-75k 2,654 $681,740,000 $256,873 $6,761 3.03%
$75k-100k 2,388 $773,890,000 $324,075 $7,066 3.04%
$150k-250k 2,182 $1,153,730,000 $528,749 $6,890 3.15%
$250k+ 1,460 $1,334,500,000 $914,041 $9,760 3.31%
$50k or less 1,216 $227,960,000 $187,467 $5,804 3.11%

Commerce Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,909 originations. The second most popular income band? $50k-75k, with 2,654 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 2,239 $983,405,000 $439,216 $6,644 3.13%
20-30% 2,072 $912,360,000 $440,328 $5,983 3.07%
50-60% 917 $296,845,000 $323,713 $10,732 3.07%
<20% 788 $306,280,000 $388,680 $5,245 2.73%
44% 661 $248,685,000 $376,225 $7,381 3.20%
42% 617 $294,735,000 $477,690 $7,807 3.21%
40% 593 $261,585,000 $441,121 $7,504 3.17%
41% 553 $260,465,000 $471,004 $7,883 3.17%
43% 537 $198,835,000 $370,270 $7,106 3.15%
49% 504 $206,280,000 $409,286 $7,391 3.13%
39% 499 $217,175,000 $435,220 $7,049 3.14%
38% 484 $206,910,000 $427,500 $6,786 3.14%
37% 468 $194,480,000 $415,556 $6,632 3.14%
45% 437 $164,795,000 $377,105 $7,233 3.18%
48% 417 $160,625,000 $385,192 $7,270 3.14%
46% 416 $154,790,000 $372,091 $7,191 3.10%
36% 413 $174,975,000 $423,668 $6,656 3.14%
47% 373 $151,405,000 $405,912 $8,217 3.12%
>60% 29 $10,585,000 $365,000 $11,037 2.59%

Commerce Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 2,239 originations. The next most common DTI ratio? 20-30%, with 2,072 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 11,748 $5,076,610,000 $432,125 $6,843 3.34%
Not provided 2,344 $1,073,320,000 $457,901 $6,907 3.43%
Asian 1,570 $896,830,000 $571,229 $7,372 3.94%
Black 1,066 $444,780,000 $417,242 $8,352 3.48%
American Indian 232 $81,610,000 $351,767 $7,419 3.25%
Asian Indian 40 $26,400,000 $660,000 $7,788 3.41%
Chinese 35 $24,655,000 $704,429 $5,627 3.81%
Native Hawaiian 47 $20,695,000 $440,319 $8,007 3.19%
Filipino 32 $16,300,000 $509,375 $7,563 3.44%
Other Asian 27 $14,995,000 $555,370 $7,699 3.64%
Japanese 9 $4,755,000 $528,333 $5,429 3.11%
Vietnamese 6 $3,200,000 $533,333 $11,097 4.71%
Korean 2 $2,750,000 $1,375,000 $16,099 3.38%
Other Pacific Islander 3 $1,345,000 $448,333 $4,735 3.33%
Samoan 1 $545,000 $545,000 $3,801 3.25%
Guamanian 1 $205,000 $205,000 $4,482 2.75%

Approval Rates

Total approvals of all applications
96.92%

Commerce Home Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
62.67%

Commerce Home Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 17,163 $7,688,995,000 $447,998

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
17,163 $7,688,995,000 $447,998

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 902 $320,930,000 $355,798 $4,565 3.21%
40-60% 2,555 $1,205,555,000 $471,841 $5,090 3.33%
60-80% 6,068 $3,298,220,000 $543,543 $6,760 3.79%
80-100% 6,626 $2,602,970,000 $392,842 $7,966 3.25%
Over 100% 274 $100,280,000 $365,985 $13,047 2.85%
Under 20% 341 $32,195,000 $94,413 $1,257 2.22%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Commerce Home Mortgage, Inc FHA mortgage Struggling to pay mortgage 1 11.1%
Commerce Home Mortgage, Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 33.3%
Commerce Home Mortgage, Inc Conventional home mortgage Trouble during payment process 2 22.2%
Commerce Home Mortgage, Inc Other type of mortgage Trouble during payment process 1 11.1%
Commerce Home Mortgage, Inc FHA mortgage Trouble during payment process 2 22.2%