Commerce Home Mortgage Rates, Fees & Info
Sacramento, CALEI: 5493004AS1SPBQOFDR49
Tax ID: 68-0295876
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Mortgage Data
Review & Overview
Commerce Home Mortgage is a small 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: San Francisco, Los Angeles, Riverside, El Paso, and Denver among others. We have data for 106 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.66% | 12/17/24 |
| 30 Year Conventional Refi | 7.61% | 12/17/24 |
| 30 Year Cash-out Refi | 8.42% | 12/17/24 |
| 30 Year FHA Purchase | 7.41% | 12/17/24 |
| 30 Year FHA Refi | 7.24% | 12/17/24 |
| 30 Year VA Purchase | 6.41% | 12/17/24 |
| 30 Year VA Refi | 6.13% | 12/17/24 |
| 30 Year USDA Purchase | 6.45% | 12/17/24 |
| 30 Year USDA Refi | 6.27% | 12/17/24 |
| 15 Year Conventional Purchase | 6.13% | 12/17/24 |
| 15 Year Conventional Refi | 6.06% | 12/17/24 |
| 15 Year Cash-out Refi | 6.06% | 12/17/24 |
| 15 Year FHA Purchase | 7.52% | 12/17/24 |
| 15 Year FHA Refi | 8.01% | 12/17/24 |
| 15 Year VA Purchase | 6.25% | 12/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,070Origination Dollar Volume (All Markets)
$2,668,620,000Awards
Commerce Home Mortgage - 2019
Commerce Home Mortgage is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 975 | $580,215,000 | $595,092 | $6,213 | 4.24% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 745 | $432,655,000 | $580,745 | $6,922 | 4.49% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 543 | $177,925,000 | $327,670 | $7,891 | 4.34% |
| EL PASO, TX (FHA|USDA|VA) | 838 | $132,020,000 | $157,542 | $6,830 | 4.58% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 344 | $131,650,000 | $382,703 | $5,943 | 4.31% |
| REDDING, CA (FHA|USDA|VA) | 464 | $120,790,000 | $260,323 | $6,210 | 4.37% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 315 | $113,875,000 | $361,508 | $7,066 | 4.37% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 133 | $100,055,000 | $752,293 | $6,363 | 4.69% |
| VISALIA, CA (FHA|USDA|VA) | 323 | $81,795,000 | $253,235 | $6,155 | 4.21% |
| CHICO, CA (FHA|USDA|VA) | 294 | $75,200,000 | $255,782 | $5,575 | 4.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 197 | $74,395,000 | $377,640 | $7,085 | 4.12% |
| BOULDER, CO (FHA|USDA|VA) | 140 | $70,670,000 | $504,786 | $4,716 | 4.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 115 | $58,145,000 | $505,609 | $6,441 | 4.55% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 57 | $38,595,000 | $677,105 | $4,575 | 4.66% |
| VALLEJO, CA (FHA|USDA|VA) | 100 | $37,610,000 | $376,100 | $7,442 | 4.12% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 101 | $32,835,000 | $325,099 | $6,138 | 4.41% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 125 | $30,625,000 | $245,000 | $6,572 | 4.65% |
| Outside of Metro Areas | 123 | $29,965,000 | $243,618 | $5,309 | 4.29% |
| Red Bluff, CA (FHA|USDA|VA) | 93 | $22,735,000 | $244,462 | $6,574 | 4.19% |
| STOCKTON, CA (FHA|USDA|VA) | 63 | $21,965,000 | $348,651 | $7,030 | 4.26% |
| FORT COLLINS, CO (FHA|USDA|VA) | 67 | $20,955,000 | $312,761 | $4,757 | 4.50% |
| SALEM, OR (FHA|USDA|VA) | 75 | $20,835,000 | $277,800 | $5,999 | 4.24% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 74 | $18,840,000 | $254,595 | $6,779 | 4.65% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 43 | $18,455,000 | $429,186 | $6,448 | 4.63% |
| GREELEY, CO (FHA|USDA|VA) | 51 | $18,215,000 | $357,157 | $6,438 | 4.41% |
| FRESNO, CA (FHA|USDA|VA) | 47 | $15,145,000 | $322,234 | $6,160 | 4.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 20 | $11,470,000 | $573,500 | $5,996 | 4.44% |
| SALINAS, CA (FHA|USDA|VA) | 11 | $11,465,000 | $1,042,273 | $6,346 | 4.77% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 56 | $11,160,000 | $199,286 | $4,748 | 4.46% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 31 | $11,135,000 | $359,194 | $4,953 | 4.33% |
| BEND, OR (FHA|USDA|VA) | 33 | $10,635,000 | $322,273 | $7,010 | 4.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 37 | $9,785,000 | $264,459 | $8,231 | 4.60% |
| YUBA CITY, CA (FHA|USDA|VA) | 30 | $9,380,000 | $312,667 | $9,577 | 4.02% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 30 | $8,070,000 | $269,000 | $4,690 | 4.79% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 33 | $6,775,000 | $205,303 | $6,701 | 4.37% |
| NAPA, CA (FHA|USDA|VA) | 9 | $5,705,000 | $633,889 | $7,621 | 4.19% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $5,505,000 | $786,429 | $0 | 5.92% |
| Brookings, OR (FHA|USDA|VA) | 17 | $4,805,000 | $282,647 | $6,768 | 4.68% |
| LAS CRUCES, NM (FHA|USDA|VA) | 23 | $4,475,000 | $194,565 | $6,105 | 4.40% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 11 | $4,315,000 | $392,273 | $5,234 | 4.40% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 9 | $3,765,000 | $418,333 | $4,006 | 4.07% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 9 | $3,695,000 | $410,556 | $6,024 | 5.29% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 9 | $3,625,000 | $402,778 | $3,309 | 4.33% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,375,000 | $306,818 | $8,281 | 5.04% |
| SANTA FE, NM (FHA|USDA|VA) | 11 | $3,355,000 | $305,000 | $6,211 | 4.04% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 14 | $3,270,000 | $233,571 | $6,631 | 4.38% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 13 | $3,095,000 | $238,077 | $4,894 | 4.17% |
| Breckenridge, CO (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $6,138 | 4.62% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $2,750,000 | $275,000 | $5,847 | 4.57% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 9 | $2,725,000 | $302,778 | $5,989 | 4.18% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 10 | $2,700,000 | $270,000 | $5,613 | 4.34% |
| PROVO-OREM, UT (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $6,146 | 4.68% |
| Sonora, CA (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $8,616 | 4.23% |
| Edwards, CO (FHA|USDA|VA) | 5 | $2,205,000 | $441,000 | $8,208 | 4.30% |
| MERCED, CA (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $4,597 | 3.98% |
| Newport, OR (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $5,734 | 4.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $1,850,000 | $462,500 | $3,636 | 4.47% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $1,840,000 | $153,333 | $6,645 | 5.51% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $4,736 | 4.57% |
| Coos Bay, OR (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $7,314 | 4.32% |
| MODESTO, CA (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $4,996 | 4.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $5,781 | 4.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $10,259 | 4.42% |
| ODESSA, TX (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $8,938 | 4.33% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $1,075,000 | $153,571 | $6,688 | 4.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $4,191 | 4.59% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $7,519 | 3.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $4,622 | 5.64% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,907 | 4.04% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,128 | 5.04% |
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,038 | 4.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,022 | 5.08% |
| RENO, NV (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,808 | 3.42% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,271 | 3.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $7,769 | 4.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,281 | 5.16% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,954 | 5.66% |
| Prineville, OR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,209 | 4.88% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,565 | 5.38% |
| Shelton, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,137 | 4.13% |
| Key West, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,365 | 4.88% |
| Susanville, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,498 | 4.94% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $6,382 | 4.75% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,150 | 6.06% |
| Centralia, WA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,777 | 5.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,846 | 3.63% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,082 | 5.50% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,688 | 3.00% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,691 | 3.50% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,253 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,433 | 4.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,829 | 4.63% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,420 | 4.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,935 | 4.31% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,840 | 4.88% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,795 | 4.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,676 | 5.00% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,576 | 4.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,209 | 4.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,116 | 3.88% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,854 | 5.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,808 | 5.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,493 | 4.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,698 | 5.25% |
| Deming, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,259 | 4.13% |
| WACO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,830 | 3.88% |
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.
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Product Mix
For 2019, Commerce Home Mortgage's most frequently originated type of loan was Conventional, with 4,804 originations. Their 2nd most popular type was FHA, with 1,763 originations.
Loan Reason
For 2019, Commerce Home Mortgage's most frequently cited loan purpose was Home Purchase, with 4,510 originations. The 2nd most popular reason was Refi, with 1,513 originations.
Loan Duration/Length
For 2019, Commerce Home Mortgage's most frequently cited loan duration was 30 Year, with 6,790 originations. The 2nd most popular length was 15 Year, with 219 originations.
Origination Fees/Closing Costs
Commerce Home Mortgage's average total fees were $6,571, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,361 originations.
Interest Rates
During 2019, Commerce Home Mortgage's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 2,964 originations.
Loan Sizing
2019 saw Commerce Home Mortgage place emphasis on $200k-400k loans with 3,091 originations, totaling $903,815,000 in origination value.
Applicant Income
Commerce Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,482 originations. The second most popular income band? $50k-75k, with 1,435 originations.
Applicant Debt to Income Ratio
Commerce Home Mortgage lent most frequently to those with DTI ratios of 30-36%, with 1,055 originations. The next most common DTI ratio? 20-30%, with 928 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.24%
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 origination83.39%
Commerce Home Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,070 | $2,668,620,000 | $377,457 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 121 | $26,185,000 | $216,405 |
| Single Family (1-4 Units):Site-Built | 6,949 | $2,642,435,000 | $380,261 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Commerce Home Mortgage, Inc | Conventional home mortgage | Trouble during payment process | 2 | 100.0% |