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 mid-sized mortgage company specializing in Refi and Home Purchase 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, Sacramento, and Denver among others. We have data for 195 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.
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% | 4/22/24 |
| 30 Year Conventional Refi | 7.61% | 4/22/24 |
| 30 Year Cash-out Refi | 8.42% | 4/22/24 |
| 30 Year FHA Purchase | 7.41% | 4/22/24 |
| 30 Year FHA Refi | 7.24% | 4/22/24 |
| 30 Year VA Purchase | 6.41% | 4/22/24 |
| 30 Year VA Refi | 6.13% | 4/22/24 |
| 30 Year USDA Purchase | 6.45% | 4/22/24 |
| 30 Year USDA Refi | 6.27% | 4/22/24 |
| 15 Year Conventional Purchase | 6.13% | 4/22/24 |
| 15 Year Conventional Refi | 6.06% | 4/22/24 |
| 15 Year Cash-out Refi | 6.06% | 4/22/24 |
| 15 Year FHA Purchase | 7.52% | 4/22/24 |
| 15 Year FHA Refi | 8.01% | 4/22/24 |
| 15 Year VA Purchase | 6.25% | 4/22/24 |
| 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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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
18,654Origination Dollar Volume (All Markets)
$7,037,900,000Awards
Commerce Home Mortgage - 2020
Commerce Home Mortgage is a 2020 , due to their low .
For 2020, 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) | 2,596 | $1,415,210,000 | $545,150 | $5,673 | 3.24% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2,727 | $1,382,285,000 | $506,889 | $5,810 | 3.22% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1,443 | $486,415,000 | $337,086 | $6,684 | 3.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 957 | $344,815,000 | $360,308 | $5,804 | 3.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 725 | $269,075,000 | $371,138 | $5,473 | 3.11% |
| REDDING, CA (FHA|USDA|VA) | 971 | $251,215,000 | $258,718 | $5,530 | 3.30% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 605 | $225,015,000 | $371,926 | $6,539 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 506 | $218,200,000 | $431,225 | $5,564 | 3.09% |
| EL PASO, TX (FHA|USDA|VA) | 1,034 | $178,670,000 | $172,795 | $7,366 | 3.28% |
| CHICO, CA (FHA|USDA|VA) | 597 | $158,385,000 | $265,302 | $5,891 | 3.10% |
| VISALIA, CA (FHA|USDA|VA) | 597 | $154,615,000 | $258,987 | $5,037 | 3.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 267 | $150,625,000 | $564,139 | $5,515 | 3.21% |
| BOULDER, CO (FHA|USDA|VA) | 320 | $137,890,000 | $430,906 | $3,950 | 3.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 309 | $98,805,000 | $319,757 | $6,825 | 3.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 348 | $97,810,000 | $281,063 | $5,689 | 3.07% |
| VALLEJO, CA (FHA|USDA|VA) | 234 | $94,460,000 | $403,675 | $7,612 | 3.19% |
| Outside of Metro Areas | 327 | $90,225,000 | $275,917 | $5,556 | 3.10% |
| STOCKTON, CA (FHA|USDA|VA) | 242 | $83,070,000 | $343,264 | $6,421 | 3.13% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 133 | $78,095,000 | $587,180 | $5,058 | 3.40% |
| MODESTO, CA (FHA|USDA|VA) | 253 | $72,985,000 | $288,478 | $5,924 | 3.03% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 167 | $63,545,000 | $380,509 | $5,348 | 3.12% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 123 | $59,655,000 | $485,000 | $5,716 | 3.10% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 281 | $55,785,000 | $198,523 | $6,063 | 3.39% |
| FORT COLLINS, CO (FHA|USDA|VA) | 157 | $52,995,000 | $337,548 | $4,486 | 3.29% |
| RENO, NV (FHA|USDA|VA) | 141 | $45,025,000 | $319,326 | $5,102 | 3.20% |
| Red Bluff, CA (FHA|USDA|VA) | 174 | $44,350,000 | $254,885 | $6,196 | 3.14% |
| FRESNO, CA (FHA|USDA|VA) | 136 | $41,270,000 | $303,456 | $5,583 | 3.16% |
| BEND, OR (FHA|USDA|VA) | 111 | $39,645,000 | $357,162 | $6,239 | 3.15% |
| GREELEY, CO (FHA|USDA|VA) | 93 | $33,985,000 | $365,430 | $4,684 | 3.31% |
| SALEM, OR (FHA|USDA|VA) | 118 | $33,950,000 | $287,712 | $5,927 | 3.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 111 | $28,545,000 | $257,162 | $8,003 | 3.45% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 96 | $26,370,000 | $274,688 | $7,849 | 2.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 64 | $25,930,000 | $405,156 | $7,515 | 3.01% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 80 | $24,930,000 | $311,625 | $5,033 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 51 | $21,645,000 | $424,412 | $4,208 | 3.03% |
| SALINAS, CA (FHA|USDA|VA) | 37 | $20,055,000 | $542,027 | $5,701 | 3.62% |
| YUBA CITY, CA (FHA|USDA|VA) | 67 | $19,425,000 | $289,925 | $6,653 | 3.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 69 | $18,995,000 | $275,290 | $8,624 | 2.92% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 63 | $18,625,000 | $295,635 | $4,918 | 3.07% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 40 | $17,010,000 | $425,250 | $5,270 | 3.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 56 | $15,070,000 | $269,107 | $6,396 | 3.12% |
| NAPA, CA (FHA|USDA|VA) | 29 | $14,815,000 | $510,862 | $6,414 | 3.20% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 57 | $13,605,000 | $238,684 | $5,579 | 3.11% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 55 | $13,375,000 | $243,182 | $4,021 | 2.88% |
| SANTA FE, NM (FHA|USDA|VA) | 48 | $13,330,000 | $277,708 | $5,432 | 3.56% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 29 | $12,895,000 | $444,655 | $4,942 | 3.06% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 26 | $12,560,000 | $483,077 | $5,931 | 3.03% |
| MERCED, CA (FHA|USDA|VA) | 36 | $10,090,000 | $280,278 | $7,042 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 33 | $9,415,000 | $285,303 | $8,581 | 3.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 38 | $8,520,000 | $224,211 | $5,106 | 2.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 33 | $8,305,000 | $251,667 | $5,489 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 31 | $8,295,000 | $267,581 | $6,842 | 2.96% |
| EL CENTRO, CA (FHA|USDA|VA) | 33 | $8,185,000 | $248,030 | $7,571 | 3.11% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 24 | $7,570,000 | $315,417 | $5,375 | 3.21% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 25 | $7,345,000 | $293,800 | $6,774 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 30 | $7,240,000 | $241,333 | $7,027 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 31 | $6,575,000 | $212,097 | $7,672 | 3.37% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 26 | $6,360,000 | $244,615 | $5,849 | 3.17% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 18 | $5,290,000 | $293,889 | $4,557 | 3.31% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 20 | $5,090,000 | $254,500 | $4,238 | 2.92% |
| Sonora, CA (FHA|USDA|VA) | 15 | $4,965,000 | $331,000 | $6,612 | 3.16% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 12 | $4,720,000 | $393,333 | $5,160 | 3.17% |
| Breckenridge, CO (FHA|USDA|VA) | 10 | $4,630,000 | $463,000 | $6,091 | 3.49% |
| Clearlake, CA (FHA|USDA|VA) | 17 | $4,545,000 | $267,353 | $5,584 | 2.89% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 16 | $4,480,000 | $280,000 | $5,788 | 2.77% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 18 | $4,380,000 | $243,333 | $4,958 | 3.21% |
| TUCSON, AZ (FHA|USDA|VA) | 17 | $4,105,000 | $241,471 | $3,987 | 2.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 16 | $4,020,000 | $251,250 | $5,436 | 2.98% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 16 | $3,930,000 | $245,625 | $6,210 | 3.09% |
| RICHMOND, VA (FHA|USDA|VA) | 16 | $3,670,000 | $229,375 | $4,695 | 2.98% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 14 | $3,470,000 | $247,857 | $7,805 | 3.26% |
| LAS CRUCES, NM (FHA|USDA|VA) | 16 | $3,350,000 | $209,375 | $7,287 | 3.36% |
| PROVO-OREM, UT (FHA|USDA|VA) | 11 | $3,345,000 | $304,091 | $4,533 | 2.94% |
| Ukiah, CA (FHA|USDA|VA) | 8 | $2,960,000 | $370,000 | $7,771 | 2.78% |
| Fernley, NV (FHA|USDA|VA) | 10 | $2,930,000 | $293,000 | $4,346 | 3.39% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 9 | $2,905,000 | $322,778 | $5,074 | 2.92% |
| Newport, OR (FHA|USDA|VA) | 8 | $2,830,000 | $353,750 | $4,512 | 3.13% |
| MADERA, CA (FHA|USDA|VA) | 10 | $2,700,000 | $270,000 | $6,925 | 2.81% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 13 | $2,695,000 | $207,308 | $7,481 | 2.79% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $4,315 | 2.78% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $4,032 | 3.32% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $3,341 | 3.16% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 7 | $2,515,000 | $359,286 | $5,569 | 3.61% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 11 | $2,395,000 | $217,727 | $4,760 | 3.16% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 10 | $2,330,000 | $233,000 | $5,257 | 2.83% |
| SAVANNAH, GA (FHA|USDA|VA) | 10 | $2,320,000 | $232,000 | $4,033 | 2.81% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 9 | $2,295,000 | $255,000 | $5,163 | 3.40% |
| CARSON CITY, NV (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $4,733 | 3.10% |
| BOISE CITY, ID (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $5,071 | 3.40% |
| Coos Bay, OR (FHA|USDA|VA) | 7 | $2,115,000 | $302,143 | $5,834 | 2.93% |
| Outside of Metro Areas | 4 | $2,100,000 | $525,000 | $5,691 | 4.27% |
| MEDFORD, OR (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $4,743 | 3.22% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $5,279 | 3.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $12,238 | 3.16% |
| MIDLAND, TX (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $8,454 | 3.27% |
| Brookings, OR (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $4,339 | 3.18% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $5,932 | 2.70% |
| GRANTS PASS, OR (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $6,480 | 3.10% |
| OCALA, FL (FHA|USDA|VA) | 8 | $1,650,000 | $206,250 | $6,191 | 3.52% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $3,975 | 2.77% |
| Astoria, OR (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $5,392 | 3.22% |
| Shelton, WA (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $5,267 | 2.82% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $4,983 | 2.65% |
| Aberdeen, WA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $3,226 | 3.41% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $2,501 | 3.06% |
| CORVALLIS, OR (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $4,014 | 2.53% |
| HINESVILLE, GA (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $5,035 | 2.55% |
| WENATCHEE, WA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $5,161 | 3.21% |
| Ellensburg, WA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,823 | 3.46% |
| Heber, UT (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $6,640 | 2.75% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $5,316 | 2.81% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,770 | 3.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $8,632 | 3.18% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $6,434 | 3.18% |
| Prineville, OR (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $6,874 | 3.00% |
| Durango, CO (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $6,362 | 2.75% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,057 | 2.58% |
| YAKIMA, WA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $6,259 | 3.25% |
| Susanville, CA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,760 | 3.69% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $5,599 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $6,350 | 3.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $6,691 | 3.28% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $7,143 | 3.25% |
| YUMA, AZ (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,403 | 2.75% |
| Montrose, CO (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,079 | 3.06% |
| WALLA WALLA, WA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,736 | 3.00% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $6,403 | 3.94% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $2,765 | 3.00% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,041 | 3.69% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,081 | 3.44% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,136 | 3.21% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,373 | 3.00% |
| Crescent City, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,525 | 3.06% |
| WACO, TX (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,850 | 3.67% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,706 | 2.75% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,585 | 2.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,406 | 3.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,585 | 3.42% |
| POCATELLO, ID (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,873 | 2.87% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $7,080 | 3.29% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,266 | 3.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,765 | 3.43% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,016 | 2.75% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $1,389 | 2.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,869 | 3.38% |
| Edwards, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,577 | 2.99% |
| TYLER, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,550 | 2.75% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,767 | 2.25% |
| The Dalles, OR (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,322 | 3.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,018 | 3.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,438 | 2.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,118 | 3.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,125 | 2.75% |
| Pullman, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,082 | 2.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,931 | 3.25% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,744 | 2.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,854 | 2.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,571 | 2.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,287 | 3.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,723 | 2.75% |
| Hood River, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,497 | 2.99% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,795 | 2.75% |
| Española, NM (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,424 | 3.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,352 | 2.63% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,547 | 2.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,273 | 3.75% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,499 | 2.25% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,679 | 2.75% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,100 | 3.50% |
| Gallup, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,413 | 4.00% |
| Burley, ID (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,524 | 3.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,477 | 2.75% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,596 | 2.75% |
| Elko, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,335 | 2.75% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,945 | 2.75% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,378 | 2.94% |
| Hobbs, NM (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,140 | 2.94% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,023 | 2.75% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,452 | 2.75% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,517 | 3.63% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,159 | 2.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,486 | 3.50% |
| Jesup, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,640 | 2.25% |
| La Grande, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,915 | 2.75% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,220 | 3.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,034 | 2.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,719 | 3.50% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,013 | 3.63% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,353 | 2.63% |
| ROME, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,323 | 3.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,242 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,197 | 2.75% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,637 | 3.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,698 | 2.75% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,805 | 4.75% |
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Product Mix
For 2020, Commerce Home Mortgage's most frequently originated type of loan was Conventional, with 13,379 originations. Their 2nd most popular type was FHA, with 3,333 originations.
Loan Reason
For 2020, Commerce Home Mortgage's most frequently cited loan purpose was Refi, with 8,969 originations. The 2nd most popular reason was Home Purchase, with 6,612 originations.
Loan Duration/Length
For 2020, Commerce Home Mortgage's most frequently cited loan duration was 30 Year, with 17,055 originations. The 2nd most popular length was 15 Year, with 1,116 originations.
Origination Fees/Closing Costs
Commerce Home Mortgage's average total fees were $6,103, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 9,110 originations.
Interest Rates
During 2020, Commerce Home Mortgage's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 8,376 originations.
Loan Sizing
2020 saw Commerce Home Mortgage place emphasis on $200k-400k loans with 8,829 originations, totaling $2,625,865,000 in origination value.
Applicant Income
Commerce Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 4,313 originations. The second most popular income band? $150k-250k, with 3,435 originations.
Applicant Debt to Income Ratio
Commerce Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 3,372 originations. The next most common DTI ratio? 30-36%, with 2,969 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.34%
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 origination66.31%
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 | 18,654 | $7,037,900,000 | $377,286 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 243 | $55,155,000 | $226,975 |
| Single Family (1-4 Units):Site-Built | 18,411 | $6,982,745,000 | $379,270 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Commerce Home Mortgage, Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| Commerce Home Mortgage, Inc | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| Commerce Home Mortgage, Inc | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| Commerce Home Mortgage, Inc | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |