Clm Mortgage Inc Rates, Fees & Info

HOUSTON, TX

LEI: 549300KOAKQX3BEWWT56

Tax ID: 20-5913596

2.1 stars - Updated: 3/3/24 - out of 5 stars, based on 38 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Clm Mortgage Inc is a smaller mortgage company specializing in Home Purchase loans. Clm Mortgage Inc has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Houston, San Antonio, Austin, Dallas, and Killeen among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Clm Mortgage Inc 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. Clm Mortgage Inc is typically a high 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 6.49% 3/3/24
30 Year Conventional Refi 6.31% 3/3/24
30 Year Cash-out Refi 6.77% 3/3/24
30 Year FHA Purchase 7.43% 3/3/24
30 Year FHA Refi 7.20% 3/3/24
30 Year VA Purchase 6.07% 3/3/24
30 Year VA Refi 5.82% 3/3/24
30 Year USDA Purchase 6.27% 3/3/24
15 Year Conventional Purchase 5.98% 3/3/24
15 Year Conventional Refi 5.51% 3/3/24
15 Year Cash-out Refi 5.51% 3/3/24
15 Year FHA Purchase 5.68% 3/3/24
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.

Clm Mortgage Inc Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Clm Mortgage Inc. 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

1,479

Origination Dollar Volume (All Markets)

$542,905,000

Awards

CLM MORTGAGE INC FHA Loans bronze
Show all (1) awards

Relative Rate

Clm Mortgage Inc's average 30 year fixed mortgage rate was 4.92%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

Clm Mortgage Inc's average total fees/closing costs for a 30 year fixed rate mortgage were $8,916.

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.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 699 $232,705,000 $332,911 $8,927 4.91%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 336 $125,450,000 $373,363 $8,241 4.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 298 $124,340,000 $417,248 $9,214 4.56%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 129 $55,305,000 $428,721 $9,121 5.20%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,990,000 $331,667 $8,987 4.35%
Outside of Metro Areas 4 $1,160,000 $290,000 $7,141 5.13%
MIDLAND, TX (FHA|USDA|VA) 1 $605,000 $605,000 $6,799 4.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $430,000 $215,000 $5,071 5.50%
Del Rio, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,321 5.50%
EL PASO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $13,802 4.75%
Huntsville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,902 3.38%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $125,000 $125,000 $8,105 4.50%
Clm Mortgage Inc's top markets include Houston, San Antonio, Austin, Dallas, and Killeen among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CLM MORTGAGE INC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 546
    AMOCO
    Similarity Rank: 810
    U S WIDE FINANCIAL LLC
    Similarity Rank: 864
    PRIMEWAY
    Similarity Rank: 1050
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1353
    TEXAS BAY
    Similarity Rank: 1557
    DATCU
    Similarity Rank: 1665
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1902

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,022 $361,410,000 $353,630 $7,961 4.83%
    FHA 232 $82,650,000 $356,250 $14,137 5.15%
    VA 225 $98,845,000 $439,311 $7,294 4.74%

    For 2022, Clm Mortgage Inc's most frequently originated type of loan was Conventional, with 1,022 originations. Their 2nd most popular type was FHA, with 232 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,434 $530,720,000 $370,098 $8,929 4.90%
    Cash Out Refi 29 $7,455,000 $257,069 $5,885 4.21%
    Refi 16 $4,730,000 $295,625 $5,640 3.72%

    For 2022, Clm Mortgage Inc's most frequently cited loan purpose was Home Purchase, with 1,434 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,408 $523,150,000 $371,555 $8,916 4.92%
    15 Year 64 $17,560,000 $274,375 $6,946 3.85%
    20 Year 7 $2,195,000 $313,571 $9,166 3.48%

    For 2022, Clm Mortgage Inc's most frequently cited loan duration was 30 Year, with 1,408 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 550 $190,840,000 $346,982
    $5k+ 371 $147,805,000 $398,396
    $<1k 250 $97,260,000 $389,040
    $2k-3k 118 $41,110,000 $348,390
    $3k-4k 101 $36,755,000 $363,911
    $4k-5k 75 $25,605,000 $341,400

    Clm Mortgage Inc's average total fees were $8,916, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 550 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 517 $193,385,000 $374,052
    4-5% 405 $147,905,000 $365,198
    3-4% 315 $112,775,000 $358,016
    6-7% 153 $57,925,000 $378,595
    2.5-3% 54 $19,320,000 $357,778
    7-8% 24 $7,370,000 $307,083
    <2.5% 11 $4,225,000 $384,091

    During 2022, Clm Mortgage Inc's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 5-6%, with 517 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 871 $280,015,000 $321,487 $8,452 4.86%
    $400k-600k 447 $205,885,000 $460,593 $9,943 4.97%
    $100k-200k 94 $14,890,000 $158,404 $5,534 4.65%
    $600k-1MM 63 $41,775,000 $663,095 $11,194 4.70%
    $100,000 or less 4 $340,000 $85,000 $4,126 4.34%

    2022 saw Clm Mortgage Inc place emphasis on $200k-400k loans with 871 originations, totaling $280,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 615 $230,505,000 $374,805 $9,203 4.90%
    $150k-250k 332 $140,230,000 $422,380 $9,174 4.97%
    $75k-100k 291 $97,895,000 $336,409 $8,755 4.82%
    $50k-75k 137 $36,685,000 $267,774 $6,795 4.61%
    $250k+ 79 $32,475,000 $411,076 $9,286 4.83%
    $50k or less 20 $3,270,000 $163,500 $5,558 4.86%

    Clm Mortgage Inc lent most frequently to those with incomes in the $100k-150k range, with 615 originations. The second most popular income band? $150k-250k, with 332 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 229 $82,875,000 $361,900 $8,577 4.79%
    50-60% 197 $75,245,000 $381,954 $11,283 5.12%
    20-30% 185 $62,405,000 $337,324 $7,784 4.64%
    49% 85 $31,415,000 $369,588 $9,142 4.92%
    45% 78 $30,450,000 $390,385 $8,258 5.01%
    48% 69 $25,655,000 $371,812 $9,157 4.92%
    43% 65 $23,765,000 $365,615 $8,778 4.93%
    47% 59 $21,865,000 $370,593 $8,809 4.92%
    41% 59 $22,615,000 $383,305 $8,527 4.92%
    44% 56 $20,670,000 $369,107 $8,717 4.77%
    39% 52 $18,700,000 $359,615 $7,213 4.81%
    46% 52 $20,380,000 $391,923 $10,012 4.97%
    40% 49 $17,585,000 $358,878 $9,189 4.85%
    42% 47 $17,575,000 $373,936 $8,279 4.92%
    38% 44 $15,670,000 $356,136 $8,319 4.58%
    37% 44 $15,780,000 $358,636 $8,603 4.98%
    <20% 41 $11,985,000 $292,317 $7,518 4.55%
    36% 40 $15,340,000 $383,500 $8,034 5.00%
    >60% 28 $12,930,000 $461,786 $6,682 4.98%

    Clm Mortgage Inc lent most frequently to those with DTI ratios of 30-36%, with 229 originations. The next most common DTI ratio? 50-60%, with 197 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 739 $267,825,000 $362,415 $8,786 4.76%
    White 455 $164,845,000 $362,297 $8,813 4.97%
    Asian 156 $62,110,000 $398,141 $8,744 4.87%
    Black 117 $43,545,000 $372,179 $9,468 5.18%
    American Indian 7 $2,905,000 $415,000 $7,842 4.70%
    Native Hawaiian or Islander 5 $1,675,000 $335,000 $6,645 4.65%

    Approval Rates

    Total approvals of all applications
    98.27%

    Clm Mortgage Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    56.12%

    Clm Mortgage Inc 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 1,479 $542,905,000 $367,076

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,479 $542,905,000 $367,076

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $6,710,000 $159,762 $4,792 4.68%
    40-60% 97 $24,335,000 $250,876 $6,473 4.57%
    60-80% 326 $114,850,000 $352,301 $8,251 4.84%
    80-100% 957 $374,465,000 $391,290 $9,104 4.93%
    Over 100% 53 $22,175,000 $418,396 $15,169 4.72%
    Under 20% 4 $370,000 $92,500 $4,559 3.47%