Cport Mortgage Rates, Fees & Info

Portland, ME

LEI: 549300HNQDVXN8569N58

Tax ID: 01-0079380

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Mortgage Data

Review & Overview

Cport is a smaller mortgage company specializing in Home Purchase loans. Cport has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Hilton Head Island, and Lewiston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cport 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.

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Originations

142

Origination Dollar Volume (All Markets)

$20,750,000

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
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 72 $14,010,000 $194,583 $0 0.00%
Augusta-Waterville, ME (FHA|USDA|VA) 48 $3,990,000 $83,125 $0 0.00%
Outside of Metro Areas 16 $1,580,000 $98,750 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 5 $365,000 $73,000 $0 0.00%
Cport's top markets include Portland, Augusta, Hilton Head Island, and Lewiston among others.

Their top states include:
  • Maine (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 142 $20,750,000 $146,127 $0 0.00%

    For 2023, Cport's most frequently originated type of loan was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 68 $3,720,000 $54,706 $0 0.00%
    Other 32 $1,660,000 $51,875 $0 0.00%
    Home Purchase 28 $13,630,000 $486,786 $0 0.00%
    Refi 9 $925,000 $102,778 $0 0.00%
    Cash Out Refi 5 $815,000 $163,000 $0 0.00%

    For 2023, Cport's most frequently cited loan purpose was Home Improvement, with 68 originations. The 2nd most popular reason was Other, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 142 $20,750,000 $146,127 $0 0.00%

    For 2023, Cport's most frequently cited loan duration was Other, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $4,010,000 $42,660 $0 0.00%
    $100k-200k 22 $2,780,000 $126,364 $0 0.00%
    $200k-400k 11 $3,185,000 $289,545 $0 0.00%
    $400k-600k 9 $4,245,000 $471,667 $0 0.00%
    $600k-1MM 4 $2,940,000 $735,000 $0 0.00%
    $1MM+ 2 $3,590,000 $1,795,000 $0 0.00%

    2023 saw Cport place emphasis on $100,000 or less loans with 94 originations, totaling $4,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $4,710,000 $130,833 $0 0.00%
    $50k-75k 29 $1,885,000 $65,000 $0 0.00%
    $75k-100k 29 $2,255,000 $77,759 $0 0.00%
    $150k-250k 22 $2,720,000 $123,636 $0 0.00%
    $50k or less 11 $725,000 $65,909 $0 0.00%
    $250k+ 4 $240,000 $60,000 $0 0.00%

    Cport lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 142 $20,750,000 $146,127 $0 0.00%

    Cport lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $9,740,000 $86,964 $0 0.00%
    Black 16 $8,490,000 $530,625 $0 0.00%
    Not provided 12 $2,200,000 $183,333 $0 0.00%
    American Indian 2 $320,000 $160,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.31%

    Cport has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.39%

    Cport has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 142 $20,750,000 $146,127

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    142 $20,750,000 $146,127