Campus Usa Mortgage Rates, Fees & Info

Alachua, FL

LEI: 549300BPDFS1CLV7K329

Tax ID: 59-0637646

5 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Campus Usa is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Campus Usa has a high proportion of conventional loans. Their top markets include Gainesville, Ocala, Lake City, Jacksonville, and Tallahassee among others. Campus Usa has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Campus Usa is typically a low fee lendor.


Originations

1,332

Origination Dollar Volume (All Markets)

$216,620,000
Show all (6) awards

Relative Rate

Campus Usa's average 30 year fixed rate mortgage of loans were 3.47%.

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

This yields a difference of 0.32%.

Relative Fees

Campus Usa's average total fees for a 30 year fixed rate mortgage are $2,903.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
GAINESVILLE, FL (FHA|USDA|VA) 620 $108,690,000 $175,306 $2,687 3.61%
OCALA, FL (FHA|USDA|VA) 367 $47,735,000 $130,068 $2,021 3.69%
Lake City, FL (FHA|USDA|VA) 80 $12,620,000 $157,750 $3,118 3.70%
Outside of Metro Areas 57 $10,155,000 $178,158 $3,485 3.84%
JACKSONVILLE, FL (FHA|USDA|VA) 27 $6,815,000 $252,407 $3,478 3.43%
TALLAHASSEE, FL (FHA|USDA|VA) 41 $5,665,000 $138,171 $1,978 3.70%
THE VILLAGES, FL (FHA|USDA|VA) 29 $4,085,000 $140,862 $1,679 3.64%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $3,060,000 $170,000 $2,398 3.83%
Palatka, FL (FHA|USDA|VA) 16 $2,590,000 $161,875 $3,918 3.73%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $2,555,000 $150,294 $1,775 4.03%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,360,000 $295,000 $4,037 3.70%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 15 $2,225,000 $148,333 $2,678 4.10%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,505,000 $301,000 $4,522 3.48%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,500,000 $250,000 $4,294 3.50%
Thomasville, GA (FHA|USDA|VA) 2 $740,000 $370,000 $2,887 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $660,000 $330,000 $3,121 3.31%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $600,000 $150,000 $3,328 4.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $550,000 $275,000 $6,169 3.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,296 3.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $4,494 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $385,000 $385,000 $3,275 3.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $280,000 $140,000 $2,165 3.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,025 3.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $140,000 $70,000 $786 4.19%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,811 2.88%
DOTHAN, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,931 2.75%
Milledgeville, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,049 4.13%
Baraboo, WI (FHA|USDA|VA) 1 $85,000 $85,000 $952 3.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $45,000 $45,000 $522 3.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $45,000 $45,000 $157 5.50%
DECATUR, IL (FHA|USDA|VA) 1 $35,000 $35,000 $1,793 3.88%
BATON ROUGE, LA (FHA|USDA|VA) 1 $35,000 $35,000 $601 3.63%

Campus Usa's top markets include Gainesville, Ocala, Lake City, Jacksonville, and Tallahassee among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,332 $216,620,000 $162,628 $2,563 3.66%

For the 2021 period, Campus Usa's most frequently originated loan type of loans were Conventional, with 1,332 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 619 $77,645,000 $125,436 $1,433 3.81%
Home Purchase 368 $90,010,000 $244,592 $5,091 3.60%
Refi 238 $34,720,000 $145,882 $1,594 3.38%
Other 89 $11,695,000 $131,404 $1,328 3.72%
Home Improvement 18 $2,550,000 $141,667 $1,538 3.62%

For the 2021, Campus Usa's most frequently cited loan purpose of loans were Cash Out Refi, with 619 originations. The 2nd most popular reason of loans were Home Purchase, with 368 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 446 $96,500,000 $216,368 $2,903 3.47%
15 Year 313 $36,555,000 $116,789 $1,422 3.67%
20 Year 254 $31,970,000 $125,866 $2,199 3.67%
Other 114 $14,340,000 $125,789 $2,049 4.51%
10 Year 97 $9,415,000 $97,062 $1,129 3.05%
30+ year 86 $26,450,000 $307,558 $7,972 3.83%
5 Year 22 $1,390,000 $63,182 $2,051 5.18%

For the 2021, Campus Usa's most frequently cited loan length of loans were 30 Year, with 446 originations. The 2nd most popular length of loans were 15 Year, with 313 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 691 $140,985,000 $204,030
$<1k 431 $28,295,000 $65,650
$2k-3k 44 $17,220,000 $391,364
$3k-4k 39 $14,045,000 $360,128
$5k+ 11 $7,985,000 $725,909

$2,903 of loans were Campus Usa's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 691 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 773 $152,845,000 $197,730
2.5-3% 283 $43,835,000 $154,894
4-5% 192 $14,860,000 $77,396
5-6% 54 $2,250,000 $41,667
6-7% 20 $1,070,000 $53,500
<2.5% 10 $1,760,000 $176,000

During 2021, Campus Usa's average interest rate of loans were 3.47%, while their most frequently originated rate bucket of loans were 3-4%, with 773 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 496 $27,040,000 $54,516 $910 4.11%
$100k-200k 452 $65,020,000 $143,850 $2,174 3.40%
$200k-400k 313 $84,285,000 $269,281 $4,257 3.39%
$400k-600k 48 $23,100,000 $481,250 $6,078 3.42%
$600k-1MM 19 $12,865,000 $677,105 $7,682 3.32%
$1MM+ 4 $4,310,000 $1,077,500 $15,115 3.31%

2021 saw Campus Usa place emphasis on $100,000 or less loans with 496 originations, totaling $27,040,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 293 $51,345,000 $175,239 $2,849 3.73%
$50k-75k 284 $36,830,000 $129,683 $2,284 3.65%
$75k-100k 249 $36,785,000 $147,731 $2,264 3.64%
$50k or less 211 $19,805,000 $93,863 $1,638 3.59%
$150k-250k 187 $42,485,000 $227,193 $3,380 3.68%
$250k+ 76 $23,700,000 $311,842 $4,363 3.66%

Campus Usa lent most frequently to those with incomes in the $100k-150k range, with 293 originations. The second most popular income band? $50k-75k, with 284 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 357 $56,155,000 $157,297 $2,185 3.49%
30-36% 246 $38,340,000 $155,854 $2,341 3.78%
<20% 151 $23,145,000 $153,278 $2,521 3.42%
40% 51 $8,335,000 $163,431 $2,887 3.91%
36% 48 $7,490,000 $156,042 $2,674 3.79%
41% 48 $7,490,000 $156,042 $2,213 3.91%
38% 47 $6,565,000 $139,681 $2,057 3.83%
43% 45 $6,205,000 $137,889 $2,949 3.71%
39% 45 $7,105,000 $157,889 $2,551 3.79%
42% 40 $6,840,000 $171,000 $2,898 3.67%
37% 40 $5,420,000 $135,500 $1,908 3.86%
50-60% 38 $8,490,000 $223,421 $4,251 3.79%
45% 36 $7,730,000 $214,722 $4,389 3.82%
46% 35 $6,625,000 $189,286 $3,462 3.71%
44% 30 $5,220,000 $174,000 $2,814 3.78%
47% 18 $2,830,000 $157,222 $2,115 3.88%
49% 17 $4,195,000 $246,765 $4,196 3.41%
48% 13 $2,325,000 $178,846 $2,824 3.75%
>60% 12 $3,480,000 $290,000 $3,450 3.72%

Campus Usa lent most frequently to those with DTI ratios of 20-30%, with 357 originations. The next most common DTI ratio? 30-36%, with 246 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,131 $183,075,000 $161,870 $2,527 3.65%
Not provided 76 $15,310,000 $201,447 $3,404 3.66%
Black 73 $9,395,000 $128,699 $2,242 3.91%
Asian 31 $5,765,000 $185,968 $2,941 3.50%
Not applicable 6 $1,200,000 $200,000 $2,990 3.96%
American Indian 10 $1,120,000 $112,000 $1,457 4.16%
Native Hawaiian 3 $635,000 $211,667 $3,534 3.17%
Other Asian 1 $65,000 $65,000 $734 3.25%
Asian Indian 1 $55,000 $55,000 $1,147 3.25%

Approval Rates

Total approvals of all applications
89.76%

Campus Usa has an average approval rate.

Pick Rate

Approvals leading to origination
79.68%

Campus Usa has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,332 $216,620,000 $162,628

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,332 $216,620,000 $162,628

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 174 $12,820,000 $73,678 $950 3.95%
40-60% 206 $28,960,000 $140,583 $2,150 3.31%
60-80% 505 $100,255,000 $198,525 $3,073 3.46%
80-100% 242 $64,850,000 $267,975 $4,055 3.39%
Under 20% 194 $7,880,000 $40,619 $299 4.66%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COMPASS MORTGAGE, INC. Conventional home mortgage Closing on a mortgage 1 100.0%