Clm Mortgage Inc Rates, Fees & Info
HOUSTON, TXLEI: 549300KOAKQX3BEWWT56
Tax ID: 20-5913596
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Houston, San Antonio, Austin, Dallas, and Kerrville among others. We have data for 11 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.49% | 12/23/24 |
| 30 Year Conventional Refi | 6.31% | 12/23/24 |
| 30 Year Cash-out Refi | 6.77% | 12/23/24 |
| 30 Year FHA Purchase | 7.43% | 12/23/24 |
| 30 Year FHA Refi | 7.20% | 12/23/24 |
| 30 Year VA Purchase | 6.07% | 12/23/24 |
| 30 Year VA Refi | 5.82% | 12/23/24 |
| 30 Year USDA Purchase | 6.27% | 12/23/24 |
| 15 Year Conventional Purchase | 5.98% | 12/23/24 |
| 15 Year Conventional Refi | 5.51% | 12/23/24 |
| 15 Year Cash-out Refi | 5.51% | 12/23/24 |
| 15 Year FHA Purchase | 5.68% | 12/23/24 |
| 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
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This is not an official calculator from Clm Mortgage Inc. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
900Origination Dollar Volume (All Markets)
$246,470,000Awards
CLM MORTGAGE INC - 2018
CLM MORTGAGE INC is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 383 | $90,885,000 | $237,298 | $6,153 | 4.77% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 242 | $75,240,000 | $310,909 | $6,911 | 4.56% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 194 | $53,960,000 | $278,144 | $6,864 | 4.71% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 72 | $24,530,000 | $340,694 | $8,159 | 4.69% |
| Outside of Metro Areas | 3 | $505,000 | $168,333 | $3,659 | 5.33% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,255 | 4.23% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,762 | 4.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,306 | 5.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,179 | 4.75% |
| Brenham, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,245 | 4.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,202 | 4.75% |
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.
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Product Mix
For 2018, Clm Mortgage Inc's most frequently originated type of loan was Conventional, with 559 originations. Their 2nd most popular type was VA, with 182 originations.
Loan Reason
For 2018, Clm Mortgage Inc's most frequently cited loan purpose was Home Purchase, with 889 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2018, Clm Mortgage Inc's most frequently cited loan duration was 30 Year, with 852 originations. The 2nd most popular length was 15 Year, with 42 originations.
Origination Fees/Closing Costs
Clm Mortgage Inc's average total fees were $6,747, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 483 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 668 | $182,820,000 | $273,683 |
| 5-6% | 151 | $38,935,000 | $257,848 |
| 3-4% | 74 | $23,640,000 | $319,459 |
| 6-7% | 7 | $1,075,000 | $153,571 |
During 2018, Clm Mortgage Inc's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 668 originations.
Loan Sizing
2018 saw Clm Mortgage Inc place emphasis on $200k-400k loans with 654 originations, totaling $182,890,000 in origination value.
Applicant Income
Clm Mortgage Inc lent most frequently to those with incomes in the $100k-150k range, with 333 originations. The second most popular income band? $75k-100k, with 205 originations.
Applicant Debt to Income Ratio
Clm Mortgage Inc lent most frequently to those with DTI ratios of 30-36%, with 141 originations. The next most common DTI ratio? 50-60%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.41%
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 origination66.00%
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 | 900 | $246,470,000 | $273,856 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 900 | $246,470,000 | $273,856 |