Cuso Mortgage Corporation Rates, Fees & InfoPORTLAND, ME
Tax ID: 01-0479491
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCuso Mortgage Corporation is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Cuso Mortgage Corporation has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Portland, Bangor, Augusta, Lewiston, and Boston among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)
Cuso Mortgage Corporation 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. Cuso Mortgage Corporation 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.55%||3/19/23|
|30 Year Conventional Refi||6.41%||3/19/23|
|30 Year Cash-out Refi||6.49%||3/19/23|
|30 Year FHA Purchase||7.09%||3/19/23|
|30 Year FHA Refi||7.04%||3/19/23|
|30 Year VA Purchase||6.32%||3/19/23|
|30 Year VA Refi||6.45%||3/19/23|
|30 Year USDA Purchase||6.74%||3/19/23|
|15 Year Conventional Purchase||5.96%||3/19/23|
|15 Year Conventional Refi||5.92%||3/19/23|
|15 Year Cash-out Refi||5.92%||3/19/23|
|15 Year FHA Purchase||7.40%||3/19/23|
|15 Year FHA Refi||5.68%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$162,955,000
Cuso Mortgage Corporation's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.19%.
Relative Fees (Closing Costs)
Cuso Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,486.
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.
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|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||265||$57,385,000||$216,547||$4,003||2.76%|
|Outside of Metro Areas||288||$50,470,000||$175,243||$3,970||2.78%|
|BANGOR, ME (FHA|USDA|VA)||209||$33,705,000||$161,268||$3,817||2.72%|
|Augusta-Waterville, ME (FHA|USDA|VA)||76||$11,710,000||$154,079||$3,984||2.73%|
|LEWISTON-AUBURN, ME (FHA|USDA|VA)||44||$8,630,000||$196,136||$4,071||2.75%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||2||$430,000||$215,000||$2,662||2.50%|
|Concord, NH (FHA|USDA|VA)||1||$255,000||$255,000||$4,138||3.13%|
|Laconia, NH (FHA|USDA|VA)||1||$195,000||$195,000||$2,248||3.13%|
|Lebanon, NH-VT (FHA|USDA|VA)||1||$175,000||$175,000||$2,221||3.00%|
We use machine learning to identify the top lenders compared against CUSO MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 12
Similarity Rank: 136
Similarity Rank: 138
Similarity Rank: 226
Similarity Rank: 240
Similarity Rank: 252
Similarity Rank: 464
Similarity Rank: 556
Similarity Rank: 585
Similarity Rank: 680
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Cuso Mortgage Corporation's most frequently originated type of loan was Conventional, with 807 originations. Their 2nd most popular type was USDA, with 42 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||305||$60,225,000||$197,459||$4,645||2.76%|
For 2021, Cuso Mortgage Corporation's most frequently cited loan purpose was Refi, with 386 originations. The 2nd most popular reason was Cash Out Refi, with 305 originations.
For 2021, Cuso Mortgage Corporation's most frequently cited loan duration was 30 Year, with 430 originations. The 2nd most popular length was 15 Year, with 265 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Cuso Mortgage Corporation's average total fees were $4,486, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 459 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Cuso Mortgage Corporation's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 451 originations.
2021 saw Cuso Mortgage Corporation place emphasis on $100k-200k loans with 465 originations, totaling $70,485,000 in origination value.
Cuso Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 232 originations. The second most popular income band? $50k or less, with 175 originations.
Applicant Debt to Income Ratio
Cuso Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 257 originations. The next most common DTI ratio? 30-36%, with 178 originations.
Approval RatesTotal approvals of all applications
Cuso Mortgage Corporation has an average approval rate.
Pick RateApprovals leading to origination
Cuso Mortgage Corporation has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|