Contour Mortgage Corporation Rates, Fees & Info
DOVER, DELEI: 549300LLKEKXL2RM1F61
Tax ID: 04-3212636
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Mortgage Data
Review & Overview
Contour Mortgage Corporation is a small mortgage company specializing in Home Purchase loans. Contour Mortgage Corporation 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: New York, Philadelphia, Reading, Poughkeepsie, and Miami among others. We have data for 146 markets. (Some data included below & more in-depth data is available with an active subscription.)Contour Mortgage Corporation 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. Contour Mortgage Corporation 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 | 7.01% | 7/7/25 |
| 30 Year Conventional Refi | 6.93% | 7/7/25 |
| 30 Year Cash-out Refi | 7.09% | 7/7/25 |
| 30 Year FHA Purchase | 7.45% | 7/7/25 |
| 30 Year FHA Refi | 7.37% | 7/7/25 |
| 30 Year VA Purchase | 6.79% | 7/7/25 |
| 30 Year VA Refi | 6.05% | 7/7/25 |
| 30 Year USDA Purchase | 7.44% | 7/7/25 |
| 15 Year Conventional Purchase | 6.46% | 7/7/25 |
| 15 Year Conventional Refi | 6.89% | 7/7/25 |
| 15 Year Cash-out Refi | 6.89% | 7/7/25 |
| 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. | ||
Contour Mortgage Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Contour Mortgage Corporation. 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
2,938Origination Dollar Volume (All Markets)
$1,328,880,000Relative Rate
Contour Mortgage Corporation's average 30 year fixed mortgage rate was
6.73%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Contour Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,744.
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 $8,356.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2,077 | $1,072,115,000 | $516,184 | $14,002 | 6.68% |
| Outside of Metro Areas | 73 | $24,215,000 | $331,712 | $10,513 | 6.77% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 72 | $24,010,000 | $333,472 | $10,769 | 6.76% |
| READING, PA (FHA|USDA|VA) | 78 | $19,680,000 | $252,308 | $7,899 | 7.05% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 45 | $17,045,000 | $378,778 | $12,006 | 6.76% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 30 | $12,020,000 | $400,667 | $11,189 | 7.04% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 32 | $9,930,000 | $310,313 | $9,150 | 6.99% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 29 | $8,565,000 | $295,345 | $6,580 | 6.66% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 38 | $7,840,000 | $206,316 | $6,563 | 6.63% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 17 | $5,405,000 | $317,941 | $10,958 | 6.98% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 19 | $5,205,000 | $273,947 | $8,805 | 6.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $5,205,000 | $347,000 | $8,693 | 6.74% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $5,010,000 | $357,857 | $10,501 | 6.74% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $4,790,000 | $479,000 | $12,816 | 6.79% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $4,070,000 | $2,035,000 | $0 | 7.31% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 17 | $4,025,000 | $236,765 | $9,282 | 6.91% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 23 | $4,005,000 | $174,130 | $6,024 | 6.67% |
| PITTSBURGH, PA (FHA|USDA|VA) | 18 | $3,950,000 | $219,444 | $7,582 | 6.92% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 16 | $3,870,000 | $241,875 | $7,380 | 6.70% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 12 | $3,790,000 | $315,833 | $9,997 | 6.94% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 15 | $3,605,000 | $240,333 | $9,393 | 6.85% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $3,220,000 | $402,500 | $14,249 | 6.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $2,700,000 | $450,000 | $11,520 | 6.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $8,828 | 7.08% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,650,000 | $441,667 | $15,366 | 6.65% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $2,485,000 | $355,000 | $10,190 | 7.36% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $2,320,000 | $386,667 | $13,226 | 6.81% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $4,830 | 6.78% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $2,295,000 | $327,857 | $10,374 | 7.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $2,260,000 | $565,000 | $12,602 | 6.47% |
| Sturgis, MI (FHA|USDA|VA) | 11 | $2,075,000 | $188,636 | $7,373 | 6.82% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $14,140 | 6.42% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $9,186 | 7.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 9 | $1,495,000 | $166,111 | $8,593 | 6.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $12,407 | 6.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $10,651 | 7.28% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $7,596 | 6.75% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $8,600 | 7.09% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $8,728 | 6.50% |
| DECATUR, AL (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $7,604 | 6.73% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $18,399 | 6.92% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $8,870 | 6.52% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $9,718 | 6.94% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $8,633 | 7.16% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $11,873 | 6.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $6,285 | 6.80% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $16,500 | 6.92% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $8,839 | 7.34% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $4,980 | 6.06% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $16,830 | 6.63% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $11,082 | 6.59% |
| Pottsville, PA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $6,364 | 6.95% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $11,359 | 6.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $8,309 | 6.16% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $14,843 | 7.19% |
| Holland, MI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $7,363 | 6.92% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $19,486 | 6.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $9,760 | 7.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $8,064 | 7.08% |
| OCALA, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $31,230 | 7.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,476 | 6.97% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $11,779 | 6.06% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $11,350 | 8.13% |
| NILES, MI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $10,177 | 6.25% |
| Bonham, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $9,988 | 7.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,057 | 7.38% |
| Coldwater, MI (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,357 | 6.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $15,621 | 7.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,829 | 6.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,349 | 6.56% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $11,653 | 6.44% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,330 | 6.69% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,768 | 6.94% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,432 | 7.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,903 | 6.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,744 | 6.63% |
| MUSKEGON, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,753 | 6.38% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 7.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,827 | 5.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,823 | 6.94% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,475 | 5.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,589 | 6.63% |
| Albertville, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,181 | 6.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,776 | 7.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,340 | 7.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,822 | 7.00% |
| Ozark, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,750 | 7.13% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,812 | 6.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,033 | 6.50% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,993 | 6.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,901 | 7.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,393 | 5.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $14,106 | 7.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,253 | 6.50% |
| Berlin, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,493 | 6.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,984 | 6.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,781 | 6.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,674 | 6.13% |
| Seneca, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,777 | 7.25% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $18,182 | 5.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,673 | 6.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,552 | 6.13% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,822 | 7.00% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,158 | 8.00% |
| DOVER, DE (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,579 | 7.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,426 | 6.63% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,712 | 7.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,310 | 6.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,327 | 7.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $7,820 | 7.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.38% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,999 | 6.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,097 | 7.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,484 | 7.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.88% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,612 | 6.13% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,254 | 6.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,241 | 6.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,067 | 6.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,893 | 5.75% |
| Meadville, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,425 | 7.13% |
| Ludington, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,754 | 6.63% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,683 | 6.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,787 | 7.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,466 | 7.00% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,283 | 7.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,795 | 6.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,602 | 7.13% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,546 | 5.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,800 | 6.38% |
| Forest City, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,227 | 6.25% |
| Palatka, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,594 | 6.50% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,205 | 6.50% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,819 | 6.50% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,653 | 7.00% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,039 | 6.63% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,348 | 6.63% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,256 | 6.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,105 | 6.75% |
| New Castle, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,113 | 6.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,648 | 6.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,930 | 7.13% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,173 | 6.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against CONTOUR MORTGAGE CORPORATION 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 2024, Contour Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,208 originations. Their 2nd most popular type was FHA, with 560 originations.
Loan Reason
For 2024, Contour Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,629 originations. The 2nd most popular reason was Cash Out Refi, with 242 originations.
Loan Duration/Length
For 2024, Contour Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,904 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Contour Mortgage Corporation's average total fees were $12,744, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,374 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,044 | $924,590,000 | $452,343 |
| 7-8% | 651 | $286,035,000 | $439,378 |
| 5-6% | 218 | $104,970,000 | $481,514 |
| Over 8% | 24 | $12,930,000 | $538,750 |
| 4-5% | 1 | $355,000 | $355,000 |
During 2024, Contour Mortgage Corporation's average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 2,044 originations.
Loan Sizing
2024 saw Contour Mortgage Corporation place emphasis on $400k-600k loans with 1,014 originations, totaling $507,370,000 in origination value.
Applicant Income
Contour Mortgage Corporation lent most frequently to those with incomes in the $150k-250k range, with 963 originations. The second most popular income band? $100k-150k, with 931 originations.
Applicant Debt to Income Ratio
Contour Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 349 originations. The next most common DTI ratio? 50-60%, with 318 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.34%
Contour Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.40%
Contour Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,938 | $1,328,880,000 | $452,308 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,938 | $1,328,880,000 | $452,308 |