Contour Mortgage Corporation Rates, Fees & Info

DOVER, DE

LEI: 549300LLKEKXL2RM1F61

Tax ID: 04-3212636

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Mortgage Data

Review & Overview

Contour Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Contour Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA 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.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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: New York, Los Angeles, Reading, Baltimore, and New Haven among others. We have data for 122 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 6.69% 3/28/24
30 Year Conventional Refi 6.63% 3/28/24
30 Year Cash-out Refi 6.82% 3/28/24
30 Year FHA Purchase 7.46% 3/28/24
30 Year FHA Refi 7.06% 3/28/24
30 Year VA Purchase 6.48% 3/28/24
30 Year VA Refi 5.96% 3/28/24
30 Year USDA Purchase 7.19% 3/28/24
15 Year Conventional Purchase 6.27% 3/28/24
15 Year Conventional Refi 6.21% 3/28/24
15 Year Cash-out Refi 6.21% 3/28/24
15 Year VA Purchase 5.68% 3/28/24
15 Year VA Refi 6.20% 3/28/24
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.

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

2,223

Origination Dollar Volume (All Markets)

$720,385,000

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,411 $535,665,000 $379,635 $10,771 4.88%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 45 $18,095,000 $402,111 $13,326 4.99%
READING, PA (FHA|USDA|VA) 85 $12,935,000 $152,176 $5,779 5.01%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 44 $10,850,000 $246,591 $6,587 4.76%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 42 $10,550,000 $251,190 $5,839 4.83%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 48 $10,400,000 $216,667 $7,222 5.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 33 $8,215,000 $248,939 $7,102 4.98%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 24 $6,480,000 $270,000 $9,237 4.91%
SAVANNAH, GA (FHA|USDA|VA) 33 $6,105,000 $185,000 $5,880 4.86%
JACKSONVILLE, FL (FHA|USDA|VA) 32 $5,810,000 $181,563 $7,773 5.30%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 23 $5,185,000 $225,435 $6,074 5.04%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $4,185,000 $246,176 $7,163 5.20%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $4,070,000 $290,714 $9,030 4.96%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 10 $3,890,000 $389,000 $10,584 5.04%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 10 $3,050,000 $305,000 $11,122 4.68%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 16 $3,020,000 $188,750 $6,303 4.92%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $2,880,000 $240,000 $7,266 5.01%
Outside of Metro Areas 16 $2,840,000 $177,500 $6,920 4.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $2,605,000 $236,818 $8,664 4.73%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $2,600,000 $216,667 $8,269 4.70%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $2,535,000 $845,000 $19,906 5.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $2,430,000 $202,500 $8,103 4.77%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 8 $2,420,000 $302,500 $13,032 5.34%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $2,285,000 $326,429 $8,596 4.91%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 11 $2,215,000 $201,364 $7,288 4.57%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 11 $2,135,000 $194,091 $7,811 4.76%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 9 $1,965,000 $218,333 $5,456 5.01%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $1,785,000 $255,000 $8,395 4.86%
PITTSBURGH, PA (FHA|USDA|VA) 9 $1,615,000 $179,444 $8,266 4.97%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,600,000 $400,000 $18,066 4.78%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,520,000 $253,333 $9,017 4.48%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,515,000 $303,000 $11,028 4.23%
MORRISTOWN, TN (FHA|USDA|VA) 10 $1,510,000 $151,000 $6,320 5.21%
SPARTANBURG, SC (FHA|USDA|VA) 9 $1,305,000 $145,000 $6,149 5.19%
EAST STROUDSBURG, PA (FHA|USDA|VA) 6 $1,220,000 $203,333 $5,394 4.73%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $1,155,000 $231,000 $6,971 4.58%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 8 $1,140,000 $142,500 $5,559 4.89%
RICHMOND, VA (FHA|USDA|VA) 4 $1,130,000 $282,500 $13,000 5.06%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $13,365 4.71%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,533 5.27%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,020,000 $255,000 $6,198 5.13%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $880,000 $220,000 $7,677 4.81%
Pottsville, PA (FHA|USDA|VA) 5 $865,000 $173,000 $6,317 4.80%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $810,000 $202,500 $6,993 4.97%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $810,000 $135,000 $6,668 4.81%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $785,000 $157,000 $6,451 4.93%
Statesboro, GA (FHA|USDA|VA) 3 $725,000 $241,667 $8,532 4.83%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $690,000 $345,000 $8,725 4.69%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $655,000 $218,333 $7,578 5.13%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $640,000 $320,000 $15,111 4.81%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $630,000 $315,000 $16,541 5.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $620,000 $310,000 $14,350 4.94%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $595,000 $595,000 $7,897 5.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $565,000 $188,333 $4,716 4.67%
KINGSTON, NY (FHA|USDA|VA) 2 $550,000 $275,000 $14,423 5.00%
Torrington, CT (FHA|USDA|VA) 2 $550,000 $275,000 $3,543 5.31%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $525,000 $175,000 $5,542 4.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $515,000 $171,667 $3,905 5.00%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $505,000 $168,333 $6,585 5.08%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $490,000 $245,000 $8,666 5.19%
ROCHESTER, NY (FHA|USDA|VA) 3 $455,000 $151,667 $5,263 5.17%
COLUMBIA, MO (FHA|USDA|VA) 1 $435,000 $435,000 $5,536 4.38%
YAKIMA, WA (FHA|USDA|VA) 2 $420,000 $210,000 $12,332 4.44%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $395,000 $395,000 $8,252 4.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,811 4.94%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $390,000 $195,000 $7,395 4.31%
BOULDER, CO (FHA|USDA|VA) 1 $375,000 $375,000 $14,167 5.63%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $375,000 $125,000 $4,792 4.83%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $370,000 $185,000 $5,645 4.56%
STOCKTON, CA (FHA|USDA|VA) 1 $365,000 $365,000 $15,156 3.63%
GAINESVILLE, GA (FHA|USDA|VA) 2 $350,000 $175,000 $3,354 5.00%
LAREDO, TX (FHA|USDA|VA) 2 $330,000 $165,000 $4,680 5.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,138 4.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $320,000 $160,000 $8,563 4.31%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $310,000 $155,000 $7,913 4.75%
HINESVILLE, GA (FHA|USDA|VA) 3 $305,000 $101,667 $4,085 5.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $290,000 $145,000 $6,075 4.94%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $275,000 $275,000 $8,281 5.25%
SYRACUSE, NY (FHA|USDA|VA) 1 $275,000 $275,000 $5,757 4.75%
LONGVIEW, WA (FHA|USDA|VA) 1 $265,000 $265,000 $15,932 4.25%
CHICO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $5,005 4.75%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $255,000 $255,000 $7,376 5.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $255,000 $255,000 $7,572 5.00%
Kinston, NC (FHA|USDA|VA) 1 $245,000 $245,000 $7,383 5.38%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $245,000 $245,000 $8,718 4.50%
Amsterdam, NY (FHA|USDA|VA) 2 $240,000 $120,000 $4,862 5.13%
NEW BERN, NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,522 5.50%
FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $13,460 4.50%
Oneonta, NY (FHA|USDA|VA) 1 $215,000 $215,000 $8,256 4.38%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $205,000 $205,000 $5,104 4.25%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $205,000 $205,000 $6,906 4.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $195,000 $195,000 $7,378 3.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $195,000 $195,000 $8,315 5.25%
Albemarle, NC (FHA|USDA|VA) 1 $195,000 $195,000 $10,661 5.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $9,103 4.63%
GLENS FALLS, NY (FHA|USDA|VA) 1 $185,000 $185,000 $4,340 4.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,693 4.13%
MIDLAND, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,279 3.88%
West Plains, MO (FHA|USDA|VA) 1 $165,000 $165,000 $9,181 5.00%
Elizabeth City, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,784 3.75%
Union, SC (FHA|USDA|VA) 1 $165,000 $165,000 $5,972 5.38%
WACO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,523 4.25%
Shelton, WA (FHA|USDA|VA) 1 $155,000 $155,000 $7,264 4.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,493 4.38%
COLUMBIA, SC (FHA|USDA|VA) 2 $150,000 $75,000 $3,574 4.31%
KNOXVILLE, TN (FHA|USDA|VA) 2 $150,000 $75,000 $3,236 5.13%
Greeneville, TN (FHA|USDA|VA) 2 $140,000 $70,000 $5,787 4.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,605 4.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $135,000 $135,000 $7,401 4.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $135,000 $135,000 $9,126 4.25%
Gloversville, NY (FHA|USDA|VA) 1 $125,000 $125,000 $4,138 5.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,956 4.50%
Greenwood, SC (FHA|USDA|VA) 1 $115,000 $115,000 $4,625 5.38%
Auburn, NY (FHA|USDA|VA) 1 $115,000 $115,000 $5,181 5.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,922 5.13%
LYNCHBURG, VA (FHA|USDA|VA) 1 $95,000 $95,000 $6,484 4.63%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $3,416 5.00%
Big Stone Gap, VA (FHA|USDA|VA) 1 $65,000 $65,000 $4,979 4.63%
PITTSFIELD, MA (FHA|USDA|VA) 1 $65,000 $65,000 $3,826 5.38%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $55,000 $55,000 $3,064 5.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $45,000 $45,000 $3,590 4.88%
Contour Mortgage Corporation's top markets include New York, Los Angeles, Reading, Baltimore, and New Haven among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,325 $438,625,000 $331,038 $7,536 4.94%
    FHA 699 $225,805,000 $323,040 $13,384 4.88%
    VA 163 $48,695,000 $298,742 $10,281 4.60%
    USDA 18 $3,100,000 $172,222 $5,719 4.99%
    HELOC 5 $1,355,000 $271,000 n/a 5.06%
    Reverse Mortgage 5 $1,015,000 $203,000 $0 4.80%
    FHA 3 $535,000 $178,333 $0 4.59%
    HELOC 3 $725,000 $241,667 n/a 4.92%
    FHA 1 $275,000 $275,000 $0 4.88%
    FHA 1 $255,000 $255,000 $0 5.64%

    For 2018, Contour Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,325 originations. Their 2nd most popular type was FHA, with 699 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,672 $550,860,000 $329,462 $9,372 4.90%
    Cash Out Refi 278 $86,810,000 $312,266 $10,657 5.08%
    Refi 272 $82,530,000 $303,419 $9,844 4.69%
    NA 1 $185,000 $185,000 $0 4.93%

    For 2018, Contour Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,672 originations. The 2nd most popular reason was Cash Out Refi, with 278 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,125 $695,125,000 $327,118 $9,638 4.92%
    15 Year 46 $11,500,000 $250,000 $7,231 4.31%
    Other 28 $7,300,000 $260,714 $10,506 4.84%
    20 Year 22 $6,100,000 $277,273 $9,529 4.62%
    10 Year 2 $360,000 $180,000 $8,563 4.19%

    For 2018, Contour Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,125 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 794 $238,730,000 $300,668
    $5k+ 675 $282,165,000 $418,022
    $2k-3k 226 $54,090,000 $239,336
    $3k-4k 206 $54,120,000 $262,718
    $4k-5k 153 $45,415,000 $296,830
    $<1k 145 $40,355,000 $278,310

    Contour Mortgage Corporation's average total fees were $9,638, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 794 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,443 $471,505,000 $326,753
    5-6% 685 $216,295,000 $315,759
    3-4% 71 $22,125,000 $311,620
    6-7% 16 $8,390,000 $524,375
    7-8% 5 $1,815,000 $363,000
    Over 8% 2 $250,000 $125,000

    During 2018, Contour Mortgage Corporation's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 1,443 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,036 $310,800,000 $300,000 $8,862 4.85%
    $400k-600k 541 $254,745,000 $470,878 $12,550 4.91%
    $100k-200k 453 $69,175,000 $152,704 $5,973 4.95%
    $600k-1MM 103 $71,035,000 $689,660 $20,386 5.00%
    $100,000 or less 84 $6,660,000 $79,286 $4,617 5.03%
    $1MM+ 6 $7,970,000 $1,328,333 $15,295 5.15%

    2018 saw Contour Mortgage Corporation place emphasis on $200k-400k loans with 1,036 originations, totaling $310,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 662 $252,710,000 $381,737 $10,839 4.88%
    $75k-100k 472 $147,190,000 $311,843 $9,967 4.86%
    $50k-75k 439 $97,785,000 $222,745 $7,942 4.87%
    $150k-250k 334 $141,510,000 $423,683 $10,747 4.95%
    $50k or less 242 $43,050,000 $177,893 $6,916 4.98%
    $250k+ 69 $37,225,000 $539,493 $8,986 5.05%

    Contour Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 662 originations. The second most popular income band? $75k-100k, with 472 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 290 $103,430,000 $356,655 $14,580 4.84%
    30-36% 244 $69,140,000 $283,361 $7,791 4.90%
    20-30% 223 $66,575,000 $298,543 $6,966 4.81%
    49% 187 $67,305,000 $359,920 $10,626 4.91%
    44% 126 $40,900,000 $324,603 $9,353 4.98%
    48% 126 $42,810,000 $339,762 $10,981 4.92%
    47% 120 $42,760,000 $356,333 $10,106 4.94%
    42% 109 $33,705,000 $309,220 $8,413 4.84%
    46% 101 $35,825,000 $354,703 $10,015 4.87%
    40% 95 $30,815,000 $324,368 $9,014 4.93%
    45% 94 $29,620,000 $315,106 $9,519 4.91%
    41% 87 $25,955,000 $298,333 $8,554 4.93%
    39% 76 $23,100,000 $303,947 $7,441 4.87%
    43% 75 $25,365,000 $338,200 $9,151 4.91%
    38% 65 $19,635,000 $302,077 $7,720 4.84%
    <20% 54 $14,950,000 $276,852 $6,263 5.03%
    37% 54 $17,810,000 $329,815 $8,646 4.92%
    36% 51 $18,915,000 $370,882 $8,372 4.93%
    >60% 9 $2,545,000 $282,778 $17,088 5.41%

    Contour Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 290 originations. The next most common DTI ratio? 30-36%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,471 $453,215,000 $308,100 $8,784 4.87%
    Black 367 $125,815,000 $342,820 $11,984 4.95%
    Not provided 241 $81,015,000 $336,162 $9,756 4.99%
    Asian 134 $56,790,000 $423,806 $11,359 4.85%
    Native Hawaiian or Islander 5 $1,655,000 $331,000 $9,300 5.20%
    American Indian 3 $985,000 $328,333 $10,659 4.63%
    Filipino 1 $515,000 $515,000 $22,768 4.63%
    Other Pacific Islander 1 $395,000 $395,000 $12,053 4.88%

    Approval Rates

    Total approvals of all applications
    95.54%

    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 origination
    52.14%

    Contour Mortgage Corporation 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 2,223 $720,385,000 $324,060

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $1,965,000 $280,714
    Single Family (1-4 Units):Site-Built 2,216 $718,420,000 $324,197

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $9,845,000 $193,039 $5,754 4.87%
    40-60% 150 $46,670,000 $311,133 $8,274 4.86%
    60-80% 611 $207,995,000 $340,417 $8,444 4.96%
    80-100% 1,359 $440,505,000 $324,139 $10,290 4.88%
    Over 100% 45 $14,395,000 $319,889 $12,480 4.68%
    Under 20% 7 $975,000 $139,286 $6,209 5.23%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%