Commerce Home Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 5493004AS1SPBQOFDR49

Tax ID: 68-0295876

1 stars - Updated: 5/27/24 - out of 5 stars, based on 85 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Commerce Home Mortgage is a mid-sized mortgage company specializing in Home Purchase and Cash Out 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 by origination volume include: Los Angeles, San Francisco, Miami, El Paso, and Riverside among others. We have data for 334 markets. (Some data included below & more in-depth data is available with an active subscription.)

Commerce Home Mortgage has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Commerce Home Mortgage is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.66% 5/27/24
30 Year Conventional Refi 7.61% 5/27/24
30 Year Cash-out Refi 8.42% 5/27/24
30 Year FHA Purchase 7.41% 5/27/24
30 Year FHA Refi 7.24% 5/27/24
30 Year VA Purchase 6.41% 5/27/24
30 Year VA Refi 6.13% 5/27/24
30 Year USDA Purchase 6.45% 5/27/24
30 Year USDA Refi 6.27% 5/27/24
15 Year Conventional Purchase 6.13% 5/27/24
15 Year Conventional Refi 6.06% 5/27/24
15 Year Cash-out Refi 6.06% 5/27/24
15 Year FHA Purchase 7.52% 5/27/24
15 Year FHA Refi 8.01% 5/27/24
15 Year VA Purchase 6.25% 5/27/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Commerce Home Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Commerce Home Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

7,280

Origination Dollar Volume (All Markets)

$3,445,240,000

Awards

Commerce Home Mortgage FHA Loans silver Commerce Home Mortgage FHA Loans gold Commerce Home Mortgage FHA Loans silver Commerce Home Mortgage FHA Loans bronze
Show all (4) awards

Relative Rate

Commerce Home Mortgage's average 30 year fixed mortgage rate was 7.64%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.16%.

Relative Fees (Closing Costs)

Commerce Home Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $11,953.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 606 $612,830,000 $1,011,271 $23,715 8.40%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 460 $318,700,000 $692,826 $10,703 6.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 393 $201,685,000 $513,193 $13,035 8.34%
EL PASO, TX (FHA|USDA|VA) 716 $174,930,000 $244,316 $10,282 6.81%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 261 $124,445,000 $476,801 $12,682 7.85%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 115 $91,415,000 $794,913 $25,738 8.47%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 172 $81,590,000 $474,360 $15,220 8.77%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 189 $78,475,000 $415,212 $18,225 8.92%
VISALIA, CA (FHA|USDA|VA) 249 $77,715,000 $312,108 $8,442 6.37%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 95 $75,215,000 $791,737 $11,638 7.30%
REDDING, CA (FHA|USDA|VA) 252 $68,430,000 $271,548 $5,302 5.70%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 139 $65,115,000 $468,453 $10,467 7.03%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 112 $57,910,000 $517,054 $6,904 7.45%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 107 $54,285,000 $507,336 $16,847 8.39%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 142 $54,050,000 $380,634 $15,606 8.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 112 $53,720,000 $479,643 $11,274 7.46%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 124 $50,110,000 $404,113 $13,288 8.54%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 127 $47,905,000 $377,205 $14,807 8.85%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 104 $43,660,000 $419,808 $10,792 8.61%
Outside of Metro Areas 152 $43,610,000 $286,908 $6,475 6.26%
VALLEJO, CA (FHA|USDA|VA) 79 $34,485,000 $436,519 $9,964 6.33%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 61 $34,055,000 $558,279 $18,726 8.84%
CHICO, CA (FHA|USDA|VA) 121 $30,275,000 $250,207 $6,127 5.24%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 72 $29,410,000 $408,472 $23,800 8.90%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 36 $28,680,000 $796,667 $17,523 8.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 107 $27,035,000 $252,664 $6,938 7.17%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 80 $25,480,000 $318,500 $17,505 8.95%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 37 $24,555,000 $663,649 $18,114 8.54%
STOCKTON, CA (FHA|USDA|VA) 77 $24,025,000 $312,013 $6,385 5.30%
Red Bluff, CA (FHA|USDA|VA) 97 $23,525,000 $242,526 $4,869 5.00%
BOULDER, CO (FHA|USDA|VA) 29 $22,775,000 $785,345 $5,659 7.27%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 44 $20,910,000 $475,227 $11,214 7.13%
URBAN HONOLULU, HI (FHA|USDA|VA) 30 $20,340,000 $678,000 $32,594 8.66%
FRESNO, CA (FHA|USDA|VA) 52 $18,910,000 $363,654 $13,098 7.53%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 28 $18,440,000 $658,571 $5,313 8.22%
JACKSONVILLE, FL (FHA|USDA|VA) 47 $17,685,000 $376,277 $11,438 8.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 33 $17,235,000 $522,273 $11,058 8.27%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 49 $16,815,000 $343,163 $16,362 8.78%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 17 $16,625,000 $977,941 $11,179 8.34%
BEND, OR (FHA|USDA|VA) 23 $14,855,000 $645,870 $14,908 7.92%
BOISE CITY, ID (FHA|USDA|VA) 44 $14,750,000 $335,227 $7,839 7.32%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 13 $14,265,000 $1,097,308 $13,724 8.62%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 25 $14,115,000 $564,600 $25,299 8.77%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 18 $13,530,000 $751,667 $22,034 8.95%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 15 $13,515,000 $901,000 $19,483 9.07%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 35 $13,445,000 $384,143 $17,299 8.70%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 21 $12,835,000 $611,190 $14,030 7.73%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 28 $12,400,000 $442,857 $14,775 8.17%
MODESTO, CA (FHA|USDA|VA) 38 $11,900,000 $313,158 $7,543 6.08%
PORT ST. LUCIE, FL (FHA|USDA|VA) 37 $11,725,000 $316,892 $10,977 8.86%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 23 $10,675,000 $464,130 $14,531 7.98%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 38 $10,250,000 $269,737 $12,612 8.52%
Hilo, HI (FHA|USDA|VA) 19 $10,215,000 $537,632 $12,958 8.68%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 14 $10,040,000 $717,143 $12,743 8.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $9,970,000 $712,143 $20,861 8.87%
SALINAS, CA (FHA|USDA|VA) 9 $9,725,000 $1,080,556 $21,105 8.29%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 39 $9,625,000 $246,795 $13,201 9.00%
BAKERSFIELD, CA (FHA|USDA|VA) 32 $9,390,000 $293,438 $11,988 7.65%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 12 $9,310,000 $775,833 $6,528 8.08%
Astoria, OR (FHA|USDA|VA) 16 $8,170,000 $510,625 $9,111 7.48%
COLORADO SPRINGS, CO (FHA|USDA|VA) 17 $7,925,000 $466,176 $15,151 8.30%
Key West, FL (FHA|USDA|VA) 8 $7,920,000 $990,000 $16,724 8.57%
LAS CRUCES, NM (FHA|USDA|VA) 29 $7,585,000 $261,552 $9,822 6.95%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $7,535,000 $443,235 $0 8.61%
RALEIGH-CARY, NC (FHA|USDA|VA) 17 $7,425,000 $436,765 $11,654 8.46%
Truckee-Grass Valley, CA (FHA|USDA|VA) 9 $6,645,000 $738,333 $21,886 7.65%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 24 $6,610,000 $275,417 $13,313 8.67%
OCALA, FL (FHA|USDA|VA) 26 $6,560,000 $252,308 $8,855 8.73%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 20 $6,380,000 $319,000 $15,219 8.72%
NAPA, CA (FHA|USDA|VA) 12 $6,200,000 $516,667 $4,691 6.51%
SANTA FE, NM (FHA|USDA|VA) 16 $5,960,000 $372,500 $13,264 7.33%
SALT LAKE CITY, UT (FHA|USDA|VA) 8 $5,950,000 $743,750 $11,531 8.66%
PUNTA GORDA, FL (FHA|USDA|VA) 15 $5,535,000 $369,000 $0 8.82%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $5,490,000 $274,500 $9,134 8.67%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 15 $5,375,000 $358,333 $8,454 7.68%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 23 $5,325,000 $231,522 $8,345 6.31%
Jackson, WY-ID (FHA|USDA|VA) 2 $4,960,000 $2,480,000 $44,393 8.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 17 $4,655,000 $273,824 $12,031 8.69%
Outside of Metro Areas 6 $4,560,000 $760,000 $49,666 7.92%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 11 $4,545,000 $413,182 $7,843 8.72%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 15 $4,335,000 $289,000 $8,762 8.69%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $4,255,000 $607,857 $10,690 9.03%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 14 $4,240,000 $302,857 $13,988 8.88%
YUBA CITY, CA (FHA|USDA|VA) 15 $4,225,000 $281,667 $7,934 6.19%
Breckenridge, CO (FHA|USDA|VA) 2 $4,050,000 $2,025,000 $27,143 9.00%
TUCSON, AZ (FHA|USDA|VA) 13 $3,985,000 $306,538 $11,528 8.72%
KNOXVILLE, TN (FHA|USDA|VA) 8 $3,950,000 $493,750 $47,439 8.67%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 12 $3,940,000 $328,333 $27,680 8.94%
OCEAN CITY, NJ (FHA|USDA|VA) 7 $3,915,000 $559,286 $34,457 8.71%
GREELEY, CO (FHA|USDA|VA) 9 $3,885,000 $431,667 $4,117 7.11%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $3,785,000 $540,714 $8,601 9.38%
FORT COLLINS, CO (FHA|USDA|VA) 9 $3,755,000 $417,222 $10,942 8.60%
WILMINGTON, NC (FHA|USDA|VA) 12 $3,630,000 $302,500 $16,327 8.48%
PROVO-OREM, UT (FHA|USDA|VA) 5 $3,535,000 $707,000 $18,560 9.42%
SALEM, OR (FHA|USDA|VA) 10 $3,530,000 $353,000 $11,335 7.61%
SALISBURY, MD-DE (FHA|USDA|VA) 6 $3,510,000 $585,000 $13,621 8.90%
RENO, NV (FHA|USDA|VA) 3 $3,495,000 $1,165,000 $36,758 8.08%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 10 $3,410,000 $341,000 $16,735 8.60%
COLUMBUS, OH (FHA|USDA|VA) 11 $3,025,000 $275,000 $11,579 8.69%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $2,775,000 $555,000 $17,609 6.95%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 7 $2,765,000 $395,000 $12,676 8.69%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $2,715,000 $301,667 $7,290 9.10%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $2,715,000 $387,857 $0 8.99%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,600,000 $433,333 $14,060 8.19%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $2,585,000 $861,667 $31,384 7.54%
Edwards, CO (FHA|USDA|VA) 3 $2,585,000 $861,667 $0 8.50%
Heber, UT (FHA|USDA|VA) 3 $2,535,000 $845,000 $12,047 9.17%
Sandpoint, ID (FHA|USDA|VA) 3 $2,525,000 $841,667 $18,042 8.67%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $2,410,000 $301,250 $6,732 5.31%
Newport, OR (FHA|USDA|VA) 3 $2,395,000 $798,333 $0 9.71%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 8 $2,360,000 $295,000 $0 8.91%
Kalispell, MT (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $34,103 8.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $2,105,000 $300,714 $16,142 9.15%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 6 $2,100,000 $350,000 $11,284 7.71%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,100,000 $262,500 $12,879 8.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $2,085,000 $297,857 $11,864 8.46%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $2,070,000 $517,500 $22,696 8.28%
ASHEVILLE, NC (FHA|USDA|VA) 5 $1,965,000 $393,000 $0 8.70%
COLUMBIA, SC (FHA|USDA|VA) 8 $1,900,000 $237,500 $0 9.06%
MIDLAND, TX (FHA|USDA|VA) 5 $1,875,000 $375,000 $0 7.80%
MERCED, CA (FHA|USDA|VA) 7 $1,855,000 $265,000 $4,351 8.28%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 8 $1,830,000 $228,750 $0 9.14%
Sonora, CA (FHA|USDA|VA) 6 $1,760,000 $293,333 $14,255 7.44%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,685,000 $337,000 $0 9.05%
ODESSA, TX (FHA|USDA|VA) 3 $1,685,000 $561,667 $0 7.66%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 5 $1,665,000 $333,000 $14,135 9.15%
LOUISVILLE, KY (FHA|USDA|VA) 5 $1,635,000 $327,000 $8,595 8.35%
LUBBOCK, TX (FHA|USDA|VA) 5 $1,635,000 $327,000 $12,428 8.68%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,590,000 $265,000 $7,999 8.39%
ST. GEORGE, UT (FHA|USDA|VA) 3 $1,585,000 $528,333 $0 8.25%
MADERA, CA (FHA|USDA|VA) 4 $1,570,000 $392,500 $14,465 7.25%
LONGVIEW, TX (FHA|USDA|VA) 3 $1,565,000 $521,667 $15,190 8.54%
BRUNSWICK, GA (FHA|USDA|VA) 4 $1,560,000 $390,000 $17,520 8.48%
WENATCHEE, WA (FHA|USDA|VA) 4 $1,550,000 $387,500 $10,855 8.19%
ANN ARBOR, MI (FHA|USDA|VA) 4 $1,550,000 $387,500 $16,299 9.09%
Morehead City, NC (FHA|USDA|VA) 2 $1,530,000 $765,000 $24,354 7.94%
MEDFORD, OR (FHA|USDA|VA) 4 $1,530,000 $382,500 $0 7.68%
Eureka-Arcata, CA (FHA|USDA|VA) 6 $1,520,000 $253,333 $250 5.40%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $26,294 8.13%
Coos Bay, OR (FHA|USDA|VA) 6 $1,480,000 $246,667 $5,708 7.86%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $1,430,000 $357,500 $0 8.97%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,415,000 $283,000 $0 8.90%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $1,360,000 $680,000 $0 8.37%
Fredericksburg, TX (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $0 8.75%
Show Low, AZ (FHA|USDA|VA) 5 $1,315,000 $263,000 $12,671 8.71%
RICHMOND, VA (FHA|USDA|VA) 4 $1,300,000 $325,000 $0 8.00%
EL CENTRO, CA (FHA|USDA|VA) 4 $1,300,000 $325,000 $15,565 9.47%
CORVALLIS, OR (FHA|USDA|VA) 2 $1,300,000 $650,000 $0 9.38%
PANAMA CITY, FL (FHA|USDA|VA) 4 $1,270,000 $317,500 $0 8.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $1,260,000 $630,000 $0 9.00%
BATON ROUGE, LA (FHA|USDA|VA) 3 $1,235,000 $411,667 $0 9.25%
YAKIMA, WA (FHA|USDA|VA) 4 $1,160,000 $290,000 $13,603 7.97%
RAPID CITY, SD (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 8.67%
Payson, AZ (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $0 8.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,120,000 $186,667 $8,379 7.79%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 6 $1,120,000 $186,667 $3,992 8.44%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,105,000 $368,333 $0 8.92%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 5 $1,095,000 $219,000 $11,447 7.73%
GRANTS PASS, OR (FHA|USDA|VA) 5 $1,085,000 $217,000 $0 8.20%
SPARTANBURG, SC (FHA|USDA|VA) 5 $1,065,000 $213,000 $10,589 7.93%
WALLA WALLA, WA (FHA|USDA|VA) 2 $1,060,000 $530,000 $7,655 7.44%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $1,055,000 $351,667 $0 9.13%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $1,020,000 $510,000 $10,967 7.38%
Ukiah, CA (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 5.47%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $1,000,000 $500,000 $0 9.11%
Susanville, CA (FHA|USDA|VA) 4 $1,000,000 $250,000 $250 5.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $975,000 $975,000 $0 7.99%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $925,000 $308,333 $9,692 9.21%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $925,000 $185,000 $0 8.01%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $910,000 $455,000 $16,392 9.31%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $880,000 $146,667 $5,722 8.77%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $865,000 $865,000 $0 8.38%
Clewiston, FL (FHA|USDA|VA) 2 $850,000 $425,000 $0 8.31%
FLORENCE, SC (FHA|USDA|VA) 4 $850,000 $212,500 $0 9.72%
MOBILE, AL (FHA|USDA|VA) 3 $845,000 $281,667 $0 9.00%
Sevierville, TN (FHA|USDA|VA) 1 $825,000 $825,000 $0 7.99%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $820,000 $410,000 $0 8.81%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $820,000 $410,000 $9,180 8.70%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $815,000 $271,667 $0 9.08%
Keene, NH (FHA|USDA|VA) 1 $775,000 $775,000 $23,633 8.13%
HARRISONBURG, VA (FHA|USDA|VA) 2 $770,000 $385,000 $0 8.19%
Crescent City, CA (FHA|USDA|VA) 2 $770,000 $385,000 $0 8.80%
TULSA, OK (FHA|USDA|VA) 4 $760,000 $190,000 $0 8.88%
EspaƱola, NM (FHA|USDA|VA) 3 $745,000 $248,333 $4,745 6.75%
Butte-Silver Bow, MT (FHA|USDA|VA) 2 $740,000 $370,000 $0 9.62%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $715,000 $238,333 $0 9.38%
WICHITA, KS (FHA|USDA|VA) 4 $710,000 $177,500 $0 8.89%
Cedar City, UT (FHA|USDA|VA) 2 $700,000 $350,000 $0 9.19%
Las Vegas, NM (FHA|USDA|VA) 3 $685,000 $228,333 $0 8.58%
Seneca, SC (FHA|USDA|VA) 1 $675,000 $675,000 $0 8.63%
Holland, MI (FHA|USDA|VA) 2 $660,000 $330,000 $0 9.06%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $645,000 $215,000 $0 9.03%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $640,000 $320,000 $16,704 9.13%
Mineral Wells, TX (FHA|USDA|VA) 3 $635,000 $211,667 $0 8.25%
THE VILLAGES, FL (FHA|USDA|VA) 2 $620,000 $310,000 $6,410 8.44%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $615,000 $615,000 $0 9.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $605,000 $605,000 $0 7.75%
BILLINGS, MT (FHA|USDA|VA) 2 $600,000 $300,000 $14,389 8.19%
TWIN FALLS, ID (FHA|USDA|VA) 1 $585,000 $585,000 $22,267 8.00%
PUEBLO, CO (FHA|USDA|VA) 2 $570,000 $285,000 $8,335 6.25%
Brevard, NC (FHA|USDA|VA) 2 $570,000 $285,000 $0 9.50%
MORRISTOWN, TN (FHA|USDA|VA) 3 $565,000 $188,333 $8,892 8.21%
GAINESVILLE, GA (FHA|USDA|VA) 1 $555,000 $555,000 $14,892 9.00%
FLINT, MI (FHA|USDA|VA) 3 $555,000 $185,000 $0 9.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $555,000 $555,000 $0 9.00%
Pullman, WA (FHA|USDA|VA) 2 $550,000 $275,000 $0 7.63%
TOLEDO, OH (FHA|USDA|VA) 3 $535,000 $178,333 $6,083 8.54%
GREEN BAY, WI (FHA|USDA|VA) 2 $530,000 $265,000 $6,265 8.44%
Concord, NH (FHA|USDA|VA) 1 $525,000 $525,000 $0 6.88%
Huntington, IN (FHA|USDA|VA) 1 $525,000 $525,000 $10,482 7.88%
Bozeman, MT (FHA|USDA|VA) 1 $525,000 $525,000 $0 9.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $520,000 $260,000 $0 9.09%
WACO, TX (FHA|USDA|VA) 3 $515,000 $171,667 $0 8.20%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $515,000 $171,667 $10,296 8.47%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $505,000 $168,333 $0 9.73%
APPLETON, WI (FHA|USDA|VA) 1 $505,000 $505,000 $0 9.00%
Oak Harbor, WA (FHA|USDA|VA) 1 $495,000 $495,000 $0 6.88%
YUMA, AZ (FHA|USDA|VA) 1 $495,000 $495,000 $0 8.88%
Lewisburg, TN (FHA|USDA|VA) 1 $495,000 $495,000 $0 8.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $485,000 $161,667 $0 8.58%
Palatka, FL (FHA|USDA|VA) 3 $485,000 $161,667 $0 7.96%
Safford, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $0 8.83%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $470,000 $235,000 $0 9.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $455,000 $151,667 $4,158 9.53%
BELLINGHAM, WA (FHA|USDA|VA) 1 $455,000 $455,000 $0 5.50%
Rockport, TX (FHA|USDA|VA) 2 $450,000 $225,000 $0 8.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $450,000 $225,000 $0 9.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $445,000 $445,000 $12,618 7.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $440,000 $220,000 $9,820 9.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $440,000 $220,000 $5,575 9.06%
Klamath Falls, OR (FHA|USDA|VA) 2 $440,000 $220,000 $15,330 7.88%
Somerset, KY (FHA|USDA|VA) 2 $430,000 $215,000 $0 9.56%
Andrews, TX (FHA|USDA|VA) 2 $420,000 $210,000 $8,250 7.00%
GAINESVILLE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $0 8.69%
PITTSBURGH, PA (FHA|USDA|VA) 2 $410,000 $205,000 $9,502 9.06%
SUMTER, SC (FHA|USDA|VA) 2 $400,000 $200,000 $0 8.56%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $400,000 $200,000 $0 6.56%
Newberry, SC (FHA|USDA|VA) 1 $395,000 $395,000 $15,577 7.38%
Ruidoso, NM (FHA|USDA|VA) 1 $385,000 $385,000 $0 7.99%
ANCHORAGE, AK (FHA|USDA|VA) 1 $385,000 $385,000 $0 9.13%
Los Alamos, NM (FHA|USDA|VA) 1 $385,000 $385,000 $0 7.63%
Georgetown, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 9.70%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $375,000 $375,000 $0 6.13%
Deming, NM (FHA|USDA|VA) 3 $365,000 $121,667 $5,244 5.71%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $355,000 $355,000 $0 8.63%
Traverse City, MI (FHA|USDA|VA) 1 $345,000 $345,000 $9,238 8.13%
LAWTON, OK (FHA|USDA|VA) 1 $345,000 $345,000 $0 6.63%
Fergus Falls, MN (FHA|USDA|VA) 1 $345,000 $345,000 $12,174 8.63%
JACKSON, TN (FHA|USDA|VA) 1 $345,000 $345,000 $10,890 7.00%
Zanesville, OH (FHA|USDA|VA) 1 $335,000 $335,000 $20,676 7.13%
Clearlake, CA (FHA|USDA|VA) 2 $330,000 $165,000 $250 3.31%
Gallup, NM (FHA|USDA|VA) 2 $330,000 $165,000 $5,576 7.06%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $320,000 $160,000 $0 9.69%
FARMINGTON, NM (FHA|USDA|VA) 1 $315,000 $315,000 $0 7.00%
Hood River, OR (FHA|USDA|VA) 1 $315,000 $315,000 $0 8.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.19%
Taos, NM (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.50%
Crossville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.50%
GREAT FALLS, MT (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.73%
Ardmore, OK (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.75%
LINCOLN, NE (FHA|USDA|VA) 1 $295,000 $295,000 $0 8.63%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.38%
VALDOSTA, GA (FHA|USDA|VA) 2 $290,000 $145,000 $0 9.19%
Granbury, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.38%
Gillette, WY (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.38%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.70%
Brookings, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.88%
DOVER, DE (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.63%
Shelton, WA (FHA|USDA|VA) 1 $275,000 $275,000 $9,679 7.88%
Hobbs, NM (FHA|USDA|VA) 2 $270,000 $135,000 $0 6.56%
Manitowoc, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.75%
Lufkin, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.63%
Ellensburg, WA (FHA|USDA|VA) 1 $245,000 $245,000 $10,049 8.63%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $8,220 8.63%
Ontario, OR-ID (FHA|USDA|VA) 1 $245,000 $245,000 $10,225 6.88%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $0 10.75%
LAFAYETTE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $12,436 6.88%
Moses Lake, WA (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.88%
Cadillac, MI (FHA|USDA|VA) 1 $215,000 $215,000 $7,612 8.25%
CHEYENNE, WY (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.13%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.75%
POCATELLO, ID (FHA|USDA|VA) 2 $210,000 $105,000 $4,768 6.81%
Kearney, NE (FHA|USDA|VA) 1 $205,000 $205,000 $9,056 7.88%
Mountain Home, ID (FHA|USDA|VA) 1 $205,000 $205,000 $10,879 5.50%
SAN ANGELO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,468 9.13%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 10.00%
NEW BERN, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.63%
Menomonie, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.63%
HATTIESBURG, MS (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.38%
Scottsboro, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.25%
Albemarle, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.38%
Fort Morgan, CO (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.50%
Athens, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 10.25%
Washington, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.75%
Wauchula, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.25%
Stevens Point, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 10.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $175,000 $175,000 $10,359 7.13%
Bardstown, KY (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.38%
CASPER, WY (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.63%
CLEVELAND, TN (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.38%
PEORIA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.63%
ST. CLOUD, MN (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.75%
HINESVILLE, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.13%
AKRON, OH (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.88%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 11.50%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.50%
Nogales, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.88%
JACKSON, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.75%
ABILENE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.73%
McMinnville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.63%
London, KY (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.75%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.88%
Meadville, PA (FHA|USDA|VA) 1 $145,000 $145,000 $8,468 8.88%
Paris, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 10.00%
Sheridan, WY (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.63%
Sweetwater, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,994 8.75%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.75%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.50%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.25%
Cookeville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $1,229 7.13%
Arcadia, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.38%
MUNCIE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.25%
LAWRENCE, KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.50%
Malvern, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.95%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.50%
ROANOKE, VA (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
Orangeburg, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.13%
Commerce Home Mortgage's top markets include Los Angeles, San Francisco, Miami, El Paso, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Commerce Home Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COASTHILLS
    Similarity Rank: 45
    ABNB Federal Credit Union
    Similarity Rank: 65
    JOHNSON MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 108
    Del Norte Credit Union
    Similarity Rank: 110
    Provident Credit Union
    Similarity Rank: 135
    NUSENDA
    Similarity Rank: 144
    GUADALUPE CREDIT UNION
    Similarity Rank: 210
    TRAVIS CREDIT UNION
    Similarity Rank: 286

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,057 $3,062,925,000 $505,684 $11,702 7.92%
    FHA 985 $300,925,000 $305,508 $12,127 6.47%
    VA 227 $78,165,000 $344,339 $11,713 6.39%
    USDA 10 $2,870,000 $287,000 $10,214 5.88%
    Reverse Mortgage 1 $355,000 $355,000 $0 12.14%

    For 2023, Commerce Home Mortgage's most frequently originated type of loan was Conventional, with 6,057 originations. Their 2nd most popular type was FHA, with 985 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,669 $2,500,625,000 $441,105 $11,138 7.42%
    Cash Out Refi 1,287 $721,265,000 $560,423 $17,132 8.70%
    Refi 282 $199,630,000 $707,908 $15,467 8.05%
    Home Improvement 42 $23,720,000 $564,762 $13,016 8.18%

    For 2023, Commerce Home Mortgage's most frequently cited loan purpose was Home Purchase, with 5,669 originations. The 2nd most popular reason was Cash Out Refi, with 1,287 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,086 $3,315,090,000 $467,837 $11,953 7.64%
    3 Year 86 $80,390,000 $934,767 $0 10.06%
    Other 46 $39,030,000 $848,478 $20,763 9.63%
    15 Year 37 $4,435,000 $119,865 $2,112 6.31%
    20 Year 23 $6,285,000 $273,261 $6,234 6.67%
    10 Year 2 $10,000 $5,000 $272 4.06%

    For 2023, Commerce Home Mortgage's most frequently cited loan duration was 30 Year, with 7,086 originations. The 2nd most popular length was 3 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 4,616 $2,568,540,000 $556,443
    $2k-3k 542 $162,070,000 $299,022
    $1k-2k 508 $231,160,000 $455,039
    $4k-5k 501 $136,645,000 $272,745
    $3k-4k 436 $123,430,000 $283,096
    $<1k 346 $25,920,000 $74,913

    Commerce Home Mortgage's average total fees were $11,953, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 4,616 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 3,460 $1,885,440,000 $544,925
    7-8% 1,570 $788,510,000 $502,236
    6-7% 1,450 $578,600,000 $399,034
    5-6% 508 $172,570,000 $339,705
    <2.5% 264 $10,930,000 $41,402
    4-5% 26 $8,770,000 $337,308
    3-4% 2 $420,000 $210,000

    During 2023, Commerce Home Mortgage's average interest rate for loans was 7.64%, while their most frequently originated rate bucket for loans was Over 8%, with 3,460 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,998 $869,390,000 $289,990 $10,769 7.75%
    $400k-600k 1,338 $647,580,000 $483,991 $13,208 7.89%
    $100k-200k 1,045 $163,265,000 $156,234 $7,387 7.91%
    $600k-1MM 976 $732,470,000 $750,482 $15,816 8.00%
    $1MM+ 626 $1,023,560,000 $1,635,080 $31,468 8.60%
    $100,000 or less 297 $8,975,000 $30,219 $382 1.99%

    2023 saw Commerce Home Mortgage place emphasis on $200k-400k loans with 2,998 originations, totaling $869,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 936 $320,070,000 $341,955 $9,553 6.20%
    $250k+ 703 $630,445,000 $896,792 $19,156 7.65%
    $150k-250k 687 $330,685,000 $481,346 $10,998 6.79%
    $75k-100k 632 $165,350,000 $261,630 $8,878 6.07%
    $50k-75k 621 $125,995,000 $202,890 $7,081 5.93%
    $50k or less 260 $86,800,000 $333,846 $12,799 7.22%

    Commerce Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 936 originations. The second most popular income band? $250k+, with 703 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 458 $225,990,000 $493,428 $12,486 6.83%
    50-60% 424 $132,110,000 $311,580 $11,708 6.38%
    20-30% 345 $156,845,000 $454,623 $12,550 6.95%
    49% 255 $116,425,000 $456,569 $11,757 6.61%
    <20% 246 $154,390,000 $627,602 $14,351 6.30%
    44% 202 $78,050,000 $386,386 $10,000 6.12%
    42% 195 $88,705,000 $454,897 $11,787 6.77%
    48% 190 $74,530,000 $392,263 $9,889 6.33%
    43% 173 $64,345,000 $371,936 $9,889 6.14%
    40% 170 $72,700,000 $427,647 $10,169 6.38%
    45% 170 $64,990,000 $382,294 $10,684 6.22%
    47% 161 $60,945,000 $378,540 $10,453 6.31%
    41% 155 $66,395,000 $428,355 $10,696 6.52%
    46% 128 $52,420,000 $409,531 $11,321 6.08%
    39% 128 $54,730,000 $427,578 $10,776 6.62%
    38% 117 $45,675,000 $390,385 $10,369 6.78%
    37% 107 $43,245,000 $404,159 $10,546 6.68%
    36% 96 $41,620,000 $433,542 $9,326 6.82%
    >60% 15 $3,935,000 $262,333 $5,496 5.73%

    Commerce Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 458 originations. The next most common DTI ratio? 50-60%, with 424 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,747 $2,154,995,000 $453,970 $11,381 7.58%
    Not provided 1,124 $552,460,000 $491,512 $11,865 7.87%
    Asian 834 $474,330,000 $568,741 $13,625 7.83%
    Black 439 $211,095,000 $480,854 $13,913 8.12%
    American Indian 86 $33,020,000 $383,953 $10,205 7.05%
    Native Hawaiian or Islander 18 $5,680,000 $315,556 $12,946 7.86%
    Asian Indian 11 $4,925,000 $447,727 $6,988 7.25%
    Filipino 9 $3,725,000 $413,889 $22,189 4.86%
    Korean 3 $1,595,000 $531,667 $9,931 6.96%
    Chinese 3 $1,525,000 $508,333 $0 7.58%
    Other Pacific Islander 2 $930,000 $465,000 $29,088 7.50%
    Other Asian 2 $500,000 $250,000 $0 3.00%
    Vietnamese 1 $245,000 $245,000 $9,229 7.13%
    Guamanian 1 $215,000 $215,000 $8,940 5.75%

    Approval Rates

    Total approvals of all applications
    88.52%

    Commerce Home Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    38.94%

    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 7,280 $3,445,240,000 $473,247

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,280 $3,445,240,000 $473,247

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 454 $149,440,000 $329,163 $9,645 7.25%
    40-60% 913 $466,725,000 $511,199 $12,910 8.15%
    60-80% 3,180 $1,754,670,000 $551,783 $15,411 8.48%
    80-100% 2,360 $1,026,960,000 $435,153 $12,288 7.13%
    Over 100% 55 $18,825,000 $342,273 $15,098 6.34%
    Under 20% 318 $28,620,000 $90,000 $537 3.08%