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

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Los Angeles, San Francisco, Riverside, Sacramento, and El Paso among others. We have data for 278 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Commerce Home Mortgage has an above 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 about average 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 7.34% 10/3/22
    30 Year Conventional Refi 6.66% 10/3/22
    30 Year Cash-out Refi 7.28% 10/3/22
    30 Year FHA Purchase 7.52% 10/3/22
    30 Year FHA Refi 7.35% 10/3/22
    30 Year VA Purchase 6.45% 10/3/22
    30 Year VA Refi 6.07% 10/3/22
    30 Year USDA Purchase 6.57% 10/3/22
    30 Year USDA Refi 6.24% 10/3/22
    15 Year Conventional Purchase 6.26% 10/3/22
    15 Year Conventional Refi 6.25% 10/3/22
    15 Year Cash-out Refi 6.25% 10/3/22
    15 Year FHA Purchase 7.54% 10/3/22
    15 Year FHA Refi 7.36% 10/3/22
    15 Year VA Purchase 6.08% 10/3/22
    15 Year VA Refi 6.39% 10/3/22
    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.


    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 mortgage rate was 3.46%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.31%.

    Relative Fees (Closing Costs)

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

    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 $4,750.

    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) 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.

    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.

    SANDIA LABORATORY
    Similarity Rank: 140
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    Similarity Rank: 276
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    GUADALUPE CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Commerce Home Mortgage 's most frequently originated type of loan was Conventional, with 12,428 originations. Their 2nd most popular type was FHA, with 3,076 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Commerce Home Mortgage 's most frequently cited loan purpose was Home Purchase, with 8,595 originations. The 2nd most popular reason was 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 2021, Commerce Home Mortgage 's most frequently cited loan duration was 30 Year, with 16,064 originations. The 2nd most popular length was 15 Year, with 703 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $<1k 1,465 $401,535,000 $274,085
    $3k-4k 1,326 $521,160,000 $393,032
    $4k-5k 895 $374,065,000 $417,950

    Commerce Home Mortgage 's average total fees were $7,190, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.46%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    95.52%

    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
    51.91%

    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%