Contour Mortgage Corporation Rates, Fees & Info

DOVER, DE

LEI: 549300LLKEKXL2RM1F61

Tax ID: 04-3212636

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Los Angeles, Atlanta, Philadelphia, and New Haven among others. We have data for 173 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% 4/22/24
30 Year Conventional Refi 6.63% 4/22/24
30 Year Cash-out Refi 6.82% 4/22/24
30 Year FHA Purchase 7.46% 4/22/24
30 Year FHA Refi 7.06% 4/22/24
30 Year VA Purchase 6.48% 4/22/24
30 Year VA Refi 5.96% 4/22/24
30 Year USDA Purchase 7.19% 4/22/24
15 Year Conventional Purchase 6.27% 4/22/24
15 Year Conventional Refi 6.21% 4/22/24
15 Year Cash-out Refi 6.21% 4/22/24
15 Year VA Purchase 5.68% 4/22/24
15 Year VA Refi 6.20% 4/22/24
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

3,048

Origination Dollar Volume (All Markets)

$1,077,590,000

Awards

CONTOUR MORTGAGE CORPORATION VA Loans bronze
Show all (1) awards

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) 1,954 $800,770,000 $409,811 $11,522 4.28%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 41 $20,565,000 $501,585 $16,127 4.22%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 68 $16,930,000 $248,971 $6,105 4.19%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 67 $15,375,000 $229,478 $7,189 4.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 59 $14,465,000 $245,169 $5,454 4.24%
READING, PA (FHA|USDA|VA) 80 $13,720,000 $171,500 $5,920 4.42%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 40 $11,750,000 $293,750 $6,998 3.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 28 $9,480,000 $338,571 $10,042 3.90%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 30 $9,240,000 $308,000 $7,714 3.97%
JACKSONVILLE, FL (FHA|USDA|VA) 46 $8,040,000 $174,783 $6,836 4.14%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 23 $7,205,000 $313,261 $10,027 4.23%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 16 $6,910,000 $431,875 $10,189 4.09%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 14 $4,980,000 $355,714 $9,302 4.35%
Outside of Metro Areas 21 $4,305,000 $205,000 $6,073 4.17%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 19 $4,235,000 $222,895 $5,603 4.30%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $4,225,000 $248,529 $6,971 4.06%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 13 $4,085,000 $314,231 $7,800 3.96%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $3,675,000 $334,091 $10,567 3.70%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 15 $3,615,000 $241,000 $6,488 4.08%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $3,580,000 $255,714 $6,435 3.93%
PITTSBURGH, PA (FHA|USDA|VA) 16 $3,520,000 $220,000 $7,732 4.61%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $3,400,000 $242,857 $5,741 4.24%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $3,360,000 $336,000 $12,383 3.66%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 11 $3,315,000 $301,364 $9,056 3.68%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $3,305,000 $220,333 $7,476 4.28%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 12 $3,150,000 $262,500 $7,332 4.02%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 12 $3,020,000 $251,667 $4,371 4.14%
COLORADO SPRINGS, CO (FHA|USDA|VA) 9 $2,805,000 $311,667 $7,130 4.21%
RICHMOND, VA (FHA|USDA|VA) 11 $2,715,000 $246,818 $6,763 3.76%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $2,690,000 $336,250 $8,665 3.47%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $2,300,000 $287,500 $5,741 3.64%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 9 $2,115,000 $235,000 $6,582 4.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $2,095,000 $232,778 $8,180 4.40%
PUNTA GORDA, FL (FHA|USDA|VA) 10 $2,060,000 $206,000 $6,448 4.30%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $2,015,000 $223,889 $7,023 4.10%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $1,975,000 $219,444 $6,561 4.43%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,765,000 $353,000 $9,202 4.13%
SAVANNAH, GA (FHA|USDA|VA) 9 $1,745,000 $193,889 $5,468 4.44%
COLUMBIA, SC (FHA|USDA|VA) 9 $1,735,000 $192,778 $5,250 4.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,730,000 $432,500 $12,500 3.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 9 $1,725,000 $191,667 $5,617 3.65%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $1,640,000 $205,000 $6,348 4.20%
EAST STROUDSBURG, PA (FHA|USDA|VA) 12 $1,640,000 $136,667 $5,414 4.54%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,590,000 $198,750 $6,253 4.28%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,535,000 $307,000 $7,300 3.60%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,385,000 $277,000 $4,836 3.83%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,365,000 $273,000 $7,121 3.73%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,200,000 $300,000 $14,760 3.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $1,175,000 $235,000 $7,193 3.60%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 6 $1,150,000 $191,667 $6,424 4.23%
GREELEY, CO (FHA|USDA|VA) 3 $1,095,000 $365,000 $10,963 3.33%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,095,000 $365,000 $9,761 4.21%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $980,000 $245,000 $6,770 4.03%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $965,000 $321,667 $12,169 4.08%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $945,000 $189,000 $9,087 3.95%
SPARTANBURG, SC (FHA|USDA|VA) 7 $885,000 $126,429 $4,859 4.41%
BRUNSWICK, GA (FHA|USDA|VA) 3 $875,000 $291,667 $12,004 4.13%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $870,000 $217,500 $8,637 3.44%
STOCKTON, CA (FHA|USDA|VA) 2 $840,000 $420,000 $10,542 4.00%
LANCASTER, PA (FHA|USDA|VA) 3 $835,000 $278,333 $10,164 4.50%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $815,000 $271,667 $4,184 3.63%
DALTON, GA (FHA|USDA|VA) 3 $785,000 $261,667 $8,478 3.83%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $730,000 $365,000 $8,463 3.56%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $720,000 $180,000 $5,748 4.44%
VALLEJO, CA (FHA|USDA|VA) 2 $690,000 $345,000 $9,394 3.75%
EL PASO, TX (FHA|USDA|VA) 4 $680,000 $170,000 $5,610 3.56%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $650,000 $162,500 $3,763 3.91%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $640,000 $160,000 $5,015 4.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $620,000 $310,000 $6,822 3.69%
Torrington, CT (FHA|USDA|VA) 3 $615,000 $205,000 $5,930 4.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $570,000 $285,000 $7,595 3.44%
BOULDER, CO (FHA|USDA|VA) 1 $555,000 $555,000 $7,316 4.13%
Jefferson, GA (FHA|USDA|VA) 3 $545,000 $181,667 $11,196 4.38%
ASHEVILLE, NC (FHA|USDA|VA) 2 $540,000 $270,000 $11,556 3.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $535,000 $178,333 $4,389 4.67%
KNOXVILLE, TN (FHA|USDA|VA) 3 $535,000 $178,333 $3,897 3.75%
PANAMA CITY, FL (FHA|USDA|VA) 2 $530,000 $265,000 $11,490 4.38%
SALEM, OR (FHA|USDA|VA) 1 $515,000 $515,000 $10,818 3.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $495,000 $165,000 $3,275 3.88%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $485,000 $485,000 $13,828 2.88%
LYNCHBURG, VA (FHA|USDA|VA) 2 $470,000 $235,000 $12,550 4.06%
Arcadia, FL (FHA|USDA|VA) 1 $465,000 $465,000 $10,620 4.63%
Danville, VA (FHA|USDA|VA) 2 $450,000 $225,000 $4,428 3.88%
ST. CLOUD, MN (FHA|USDA|VA) 3 $445,000 $148,333 $2,621 3.42%
GAINESVILLE, GA (FHA|USDA|VA) 2 $440,000 $220,000 $7,025 4.13%
UTICA-ROME, NY (FHA|USDA|VA) 2 $440,000 $220,000 $5,688 4.31%
MIDLAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $10,396 3.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $425,000 $425,000 $8,955 4.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $6,740 4.13%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $400,000 $200,000 $3,713 4.13%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $400,000 $200,000 $3,164 3.56%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $395,000 $395,000 $20,976 3.50%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $390,000 $195,000 $6,027 3.94%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $385,000 $385,000 $10,398 3.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 4 $370,000 $92,500 $3,535 5.41%
Key West, FL (FHA|USDA|VA) 1 $365,000 $365,000 $9,461 4.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $2,437 3.75%
NEW BERN, NC (FHA|USDA|VA) 2 $360,000 $180,000 $4,792 3.56%
HINESVILLE, GA (FHA|USDA|VA) 2 $360,000 $180,000 $5,518 4.44%
Gloversville, NY (FHA|USDA|VA) 2 $350,000 $175,000 $10,139 4.44%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $350,000 $175,000 $2,801 3.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $345,000 $345,000 $4,513 4.88%
Hood River, OR (FHA|USDA|VA) 1 $345,000 $345,000 $19,135 2.88%
YUBA CITY, CA (FHA|USDA|VA) 1 $345,000 $345,000 $8,599 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $340,000 $170,000 $5,231 3.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $320,000 $160,000 $7,012 3.56%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $320,000 $160,000 $7,392 3.75%
ALBANY, GA (FHA|USDA|VA) 2 $320,000 $160,000 $3,792 4.38%
Aberdeen, WA (FHA|USDA|VA) 1 $315,000 $315,000 $18,860 4.13%
SANTA FE, NM (FHA|USDA|VA) 1 $315,000 $315,000 $5,642 3.38%
KINGSTON, NY (FHA|USDA|VA) 1 $315,000 $315,000 $8,886 4.25%
JACKSON, TN (FHA|USDA|VA) 1 $295,000 $295,000 $3,065 3.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $290,000 $145,000 $3,470 4.19%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $280,000 $140,000 $4,739 3.75%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $275,000 $275,000 $7,399 4.63%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $275,000 $275,000 $4,377 3.50%
LONGVIEW, WA (FHA|USDA|VA) 1 $265,000 $265,000 $10,261 3.25%
Georgetown, SC (FHA|USDA|VA) 1 $265,000 $265,000 $2,715 4.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $7,538 3.63%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $255,000 $255,000 $9,836 5.25%
OCALA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $8,871 3.00%
Ellensburg, WA (FHA|USDA|VA) 1 $255,000 $255,000 $4,011 3.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $255,000 $255,000 $7,317 3.88%
LEBANON, PA (FHA|USDA|VA) 1 $245,000 $245,000 $8,313 4.00%
YAKIMA, WA (FHA|USDA|VA) 1 $245,000 $245,000 $13,217 3.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $245,000 $245,000 $6,693 5.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,179 3.25%
GLENS FALLS, NY (FHA|USDA|VA) 2 $240,000 $120,000 $4,694 4.50%
MORRISTOWN, TN (FHA|USDA|VA) 1 $225,000 $225,000 $5,878 4.13%
FRESNO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $6,370 3.75%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $225,000 $225,000 $9,178 4.88%
Shelton, WA (FHA|USDA|VA) 1 $225,000 $225,000 $12,253 4.38%
Centralia, WA (FHA|USDA|VA) 1 $215,000 $215,000 $4,343 3.75%
BEND, OR (FHA|USDA|VA) 1 $215,000 $215,000 $9,004 4.50%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $2,932 3.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $11,012 3.63%
St. Marys, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,615 3.75%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $205,000 $205,000 $9,541 3.88%
VISALIA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $3,384 3.75%
Huntingdon, PA (FHA|USDA|VA) 1 $195,000 $195,000 $9,283 4.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,867 3.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $195,000 $195,000 $7,975 3.88%
Warren, PA (FHA|USDA|VA) 1 $195,000 $195,000 $7,642 3.50%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $185,000 $185,000 $7,963 4.13%
Crossville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $1,411 3.50%
Cookeville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $2,346 3.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,698 3.50%
Ozark, AL (FHA|USDA|VA) 1 $175,000 $175,000 $5,631 3.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $8,168 4.25%
Sanford, NC (FHA|USDA|VA) 1 $175,000 $175,000 $5,981 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,550 4.00%
Bemidji, MN (FHA|USDA|VA) 1 $165,000 $165,000 $4,545 3.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,492 5.25%
Lewistown, PA (FHA|USDA|VA) 1 $165,000 $165,000 $10,581 3.25%
Clewiston, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,787 4.88%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $155,000 $155,000 $5,050 3.75%
Laurinburg, NC (FHA|USDA|VA) 1 $145,000 $145,000 $9,740 4.63%
Olean, NY (FHA|USDA|VA) 1 $145,000 $145,000 $4,282 4.63%
Union, SC (FHA|USDA|VA) 1 $145,000 $145,000 $5,747 5.13%
GREENVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,296 4.13%
DuBois, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,484 3.50%
Keene, NH (FHA|USDA|VA) 1 $135,000 $135,000 $3,952 4.13%
Pottsville, PA (FHA|USDA|VA) 1 $125,000 $125,000 $6,717 4.13%
Palatka, FL (FHA|USDA|VA) 1 $125,000 $125,000 $7,083 4.63%
Cornelia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,150 5.25%
SUMTER, SC (FHA|USDA|VA) 1 $115,000 $115,000 $7,910 3.50%
STAUNTON, VA (FHA|USDA|VA) 1 $115,000 $115,000 $5,269 5.75%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $115,000 $115,000 $1,966 3.50%
AMARILLO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,479 5.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.13%
BINGHAMTON, NY (FHA|USDA|VA) 1 $85,000 $85,000 $4,581 4.75%
WACO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $5,484 4.13%
Contour Mortgage Corporation's top markets include New York, Los Angeles, Atlanta, Philadelphia, and New Haven among others.

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

    SOMERSET
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,805 $654,865,000 $362,806 $8,091 4.30%
    FHA 836 $305,250,000 $365,132 $14,943 4.26%
    VA 392 $114,680,000 $292,551 $8,263 3.78%
    USDA 14 $2,390,000 $170,714 $5,746 4.29%
    HELOC 1 $405,000 $405,000 n/a 3.63%

    For 2019, Contour Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,805 originations. Their 2nd most popular type was FHA, with 836 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,980 $722,120,000 $364,707 $10,261 4.31%
    Cash Out Refi 579 $189,105,000 $326,606 $10,638 4.25%
    Refi 489 $166,365,000 $340,215 $8,344 3.83%

    For 2019, Contour Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,980 originations. The 2nd most popular reason was Cash Out Refi, with 579 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,921 $1,039,165,000 $355,757 $10,114 4.24%
    15 Year 51 $14,405,000 $282,451 $6,515 3.75%
    Other 34 $10,880,000 $320,000 $9,502 3.79%
    20 Year 34 $10,730,000 $315,588 $8,451 4.12%
    10 Year 3 $535,000 $178,333 $5,609 4.67%
    3 Year 3 $945,000 $315,000 $8,140 4.67%
    5 Year 1 $575,000 $575,000 $16,569 4.63%
    30+ year 1 $355,000 $355,000 $5,730 4.38%

    For 2019, Contour Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,921 originations. The 2nd most popular length was 15 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 974 $435,830,000 $447,464
    $1k-2k 950 $314,190,000 $330,726
    $2k-3k 314 $86,640,000 $275,924
    $3k-4k 271 $81,515,000 $300,793
    $<1k 252 $67,320,000 $267,143
    $4k-5k 227 $72,715,000 $320,330

    Contour Mortgage Corporation's average total fees were $10,114, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 974 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,508 $538,310,000 $356,969
    3-4% 1,239 $436,235,000 $352,086
    5-6% 271 $93,775,000 $346,033
    2.5-3% 23 $7,895,000 $343,261
    6-7% 3 $1,015,000 $338,333
    <2.5% 2 $10,000 $5,000
    7-8% 2 $350,000 $175,000

    During 2019, Contour Mortgage Corporation's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 1,508 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,442 $435,410,000 $301,949 $8,666 4.20%
    $400k-600k 897 $425,015,000 $473,818 $12,557 4.18%
    $100k-200k 453 $70,595,000 $155,839 $5,733 4.28%
    $600k-1MM 200 $138,570,000 $692,850 $19,213 4.34%
    $100,000 or less 53 $4,125,000 $77,830 $4,240 4.60%
    $1MM+ 3 $3,875,000 $1,291,667 $31,075 4.79%

    2019 saw Contour Mortgage Corporation place emphasis on $200k-400k loans with 1,442 originations, totaling $435,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 883 $368,665,000 $417,514 $12,087 4.25%
    $75k-100k 715 $242,135,000 $338,650 $10,275 4.24%
    $50k-75k 533 $130,855,000 $245,507 $8,172 4.25%
    $150k-250k 461 $208,215,000 $451,659 $10,713 4.27%
    $50k or less 353 $73,585,000 $208,456 $5,905 3.95%
    $250k+ 102 $53,940,000 $528,824 $11,338 4.43%

    Contour Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 883 originations. The second most popular income band? $75k-100k, with 715 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 371 $140,225,000 $377,965 $14,992 4.20%
    30-36% 359 $120,935,000 $336,866 $8,605 4.21%
    20-30% 266 $87,890,000 $330,414 $7,623 4.20%
    49% 204 $77,340,000 $379,118 $11,201 4.26%
    47% 163 $62,615,000 $384,141 $11,206 4.31%
    44% 160 $61,280,000 $383,000 $10,619 4.33%
    43% 151 $53,585,000 $354,868 $9,723 4.32%
    45% 149 $56,865,000 $381,644 $10,402 4.26%
    40% 140 $47,090,000 $336,357 $9,036 4.29%
    48% 131 $49,545,000 $378,206 $11,587 4.28%
    46% 127 $46,535,000 $366,417 $9,781 4.33%
    41% 126 $46,720,000 $370,794 $10,119 4.32%
    42% 125 $46,135,000 $369,080 $9,766 4.32%
    39% 105 $35,865,000 $341,571 $8,292 4.30%
    38% 82 $25,980,000 $316,829 $8,230 4.28%
    37% 76 $25,820,000 $339,737 $9,034 4.25%
    36% 72 $25,110,000 $348,750 $9,395 4.24%
    <20% 51 $14,345,000 $281,275 $7,537 4.37%
    >60% 17 $6,955,000 $409,118 $13,564 3.93%

    Contour Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 371 originations. The next most common DTI ratio? 30-36%, with 359 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,875 $630,065,000 $336,035 $8,996 4.20%
    Black 534 $202,210,000 $378,670 $12,594 4.26%
    Not provided 392 $140,900,000 $359,439 $10,314 4.21%
    Asian 225 $96,855,000 $430,467 $11,922 4.31%
    Not applicable 14 $4,070,000 $290,714 $8,126 3.94%
    Native Hawaiian or Islander 6 $2,460,000 $410,000 $12,822 4.38%
    Filipino 1 $725,000 $725,000 $34,583 4.13%
    Asian Indian 1 $305,000 $305,000 $6,756 4.00%

    Approval Rates

    Total approvals of all applications
    96.53%

    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
    63.35%

    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 3,048 $1,077,590,000 $353,540

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $420,000 $210,000
    Single Family (1-4 Units):Site-Built 3,046 $1,077,170,000 $353,634

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $16,865,000 $259,462 $7,153 4.38%
    40-60% 181 $60,245,000 $332,845 $8,234 4.11%
    60-80% 808 $290,850,000 $359,963 $8,625 4.31%
    80-100% 1,899 $680,135,000 $358,154 $10,873 4.21%
    Over 100% 88 $28,770,000 $326,932 $10,074 3.88%
    Under 20% 7 $725,000 $103,571 $3,848 3.77%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CONTOUR MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    CONTOUR MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 1 50.0%