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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.69% | 11/17/24 |
| 30 Year Conventional Refi | 6.63% | 11/17/24 |
| 30 Year Cash-out Refi | 6.82% | 11/17/24 |
| 30 Year FHA Purchase | 7.46% | 11/17/24 |
| 30 Year FHA Refi | 7.06% | 11/17/24 |
| 30 Year VA Purchase | 6.48% | 11/17/24 |
| 30 Year VA Refi | 5.96% | 11/17/24 |
| 30 Year USDA Purchase | 7.19% | 11/17/24 |
| 15 Year Conventional Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Refi | 6.21% | 11/17/24 |
| 15 Year Cash-out Refi | 6.21% | 11/17/24 |
| 15 Year VA Purchase | 5.68% | 11/17/24 |
| 15 Year VA Refi | 6.20% | 11/17/24 |
| 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
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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
2,223Origination Dollar Volume (All Markets)
$720,385,000Top 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% |
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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 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
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
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
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
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
2018 saw Contour Mortgage Corporation place emphasis on $200k-400k loans with 1,036 originations, totaling $310,800,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.54%
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 origination52.14%
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
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% |