Compass Mortgage Rates, Fees & Info
WINFIELD, ILLEI: 549300V8CF81JGIV7038
Tax ID: 36-4322204
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Mortgage Data
Review & Overview
Compass Mortgage is a smaller mortgage company specializing in Home Purchase loans. Compass Mortgage 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: Chicago, Bloomington, Nashville, Des Moines, and Port St. Lucie among others. We have data for 116 markets. (Some data included below & more in-depth data is available with an active subscription.)Compass Mortgage 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. Compass Mortgage 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.
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 | 7.27% | 6/22/25 |
| 30 Year Conventional Refi | 7.11% | 6/22/25 |
| 30 Year Cash-out Refi | 7.30% | 6/22/25 |
| 30 Year FHA Purchase | 7.58% | 6/22/25 |
| 30 Year FHA Refi | 7.25% | 6/22/25 |
| 30 Year VA Purchase | 6.95% | 6/22/25 |
| 30 Year VA Refi | 6.42% | 6/22/25 |
| 30 Year USDA Purchase | 7.36% | 6/22/25 |
| 30 Year USDA Refi | 6.72% | 6/22/25 |
| 15 Year Conventional Purchase | 6.79% | 6/22/25 |
| 15 Year Conventional Refi | 6.42% | 6/22/25 |
| 15 Year Cash-out Refi | 6.42% | 6/22/25 |
| 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. | ||
Compass Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Compass Mortgage. 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
1,316Origination Dollar Volume (All Markets)
$389,100,000Awards
COMPASS MORTGAGE - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Compass Mortgage's average 30 year fixed mortgage rate was
6.75%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
Compass Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,233.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 778 | $251,840,000 | $323,702 | $8,980 | 6.72% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 119 | $20,235,000 | $170,042 | $5,344 | 5.92% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 42 | $16,690,000 | $397,381 | $8,260 | 6.69% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 54 | $11,250,000 | $208,333 | $7,026 | 6.59% |
| Outside of Metro Areas | 29 | $7,615,000 | $262,586 | $7,743 | 6.21% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 17 | $6,785,000 | $399,118 | $9,767 | 6.79% |
| KNOXVILLE, TN (FHA|USDA|VA) | 15 | $4,015,000 | $267,667 | $8,063 | 6.85% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $3,210,000 | $802,500 | $12,431 | 7.34% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 7 | $2,455,000 | $350,714 | $8,746 | 6.91% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $2,420,000 | $1,210,000 | $28,696 | 6.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 13 | $2,345,000 | $180,385 | $6,511 | 6.84% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $2,125,000 | $425,000 | $12,743 | 6.93% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $6,554 | 6.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,860,000 | $310,000 | $9,111 | 6.69% |
| Ottawa, IL (FHA|USDA|VA) | 11 | $1,805,000 | $164,091 | $4,816 | 6.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $7,074 | 6.80% |
| PEORIA, IL (FHA|USDA|VA) | 10 | $1,590,000 | $159,000 | $5,700 | 7.11% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,555,000 | $518,333 | $6,779 | 7.41% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $6,391 | 6.65% |
| LOUISVILLE, KY (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $5,460 | 6.82% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $6,041 | 7.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $5,291 | 6.85% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $7,061 | 7.27% |
| KANKAKEE, IL (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $5,628 | 6.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $8,948 | 7.21% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $6,235 | 6.54% |
| Rochelle, IL (FHA|USDA|VA) | 9 | $1,035,000 | $115,000 | $5,873 | 4.35% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $8,539 | 6.69% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $6,513 | 4.33% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $7,726 | 6.96% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,882 | 6.78% |
| Lincoln, IL (FHA|USDA|VA) | 11 | $885,000 | $80,455 | $4,918 | 4.30% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $7,669 | 7.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $8,359 | 6.85% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $11,661 | 6.88% |
| Seneca, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $12,774 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $8,394 | 6.69% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $3,202 | 7.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,023 | 7.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $7,477 | 7.38% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $7,793 | 6.96% |
| NILES, MI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,075 | 6.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $23,964 | 6.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $7,237 | 8.13% |
| Holland, MI (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $10,476 | 7.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,711 | 7.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $12,121 | 6.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $11,457 | 6.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,722 | 6.49% |
| Brevard, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $7,144 | 7.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,615 | 6.62% |
| Shelbyville, TN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,368 | 6.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,322 | 6.13% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,096 | 7.13% |
| AMES, IA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,333 | 7.08% |
| Dixon, IL (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $4,223 | 5.55% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $11,401 | 7.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $16,772 | 5.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,573 | 6.58% |
| Pontiac, IL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,698 | 6.42% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,128 | 7.50% |
| RACINE, WI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,168 | 6.88% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,671 | 6.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,157 | 6.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $10,495 | 6.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,257 | 7.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,126 | 7.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,323 | 6.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,817 | 7.18% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,060 | 7.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,011 | 6.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,991 | 6.75% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,802 | 6.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,015 | 7.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $18,270 | 6.75% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,955 | 7.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,056 | 5.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,601 | 6.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,760 | 7.38% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,533 | 7.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,717 | 7.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,793 | 6.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,928 | 5.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,341 | 7.25% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,351 | 6.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,324 | 7.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,468 | 7.63% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,872 | 6.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,042 | 6.99% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,514 | 7.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,212 | 6.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,674 | 7.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,153 | 6.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,124 | 6.63% |
| Danville, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,515 | 6.38% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,173 | 6.38% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,151 | 6.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,460 | 6.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,466 | 6.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,706 | 7.13% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,369 | 6.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,109 | 6.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,844 | 6.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,932 | 7.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,061 | 5.99% |
| Pella, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,055 | 6.63% |
| Platteville, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,716 | 7.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,164 | 7.13% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,014 | 6.50% |
| Quincy, IL-MO (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 3.94% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,706 | 7.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,819 | 6.88% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,568 | 6.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,365 | 7.50% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,383 | 6.99% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,561 | 6.88% |
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Product Mix
For 2024, Compass Mortgage's most frequently originated type of loan was Conventional, with 934 originations. Their 2nd most popular type was FHA, with 287 originations.
Loan Reason
For 2024, Compass Mortgage's most frequently cited loan purpose was Home Purchase, with 1,110 originations. The 2nd most popular reason was Refi, with 203 originations.
Loan Duration/Length
For 2024, Compass Mortgage's most frequently cited loan duration was 30 Year, with 1,266 originations. The 2nd most popular length was 10 Year, with 26 originations.
Origination Fees/Closing Costs
Compass Mortgage's average total fees were $8,233, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 634 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 748 | $220,270,000 | $294,479 |
| 7-8% | 411 | $133,085,000 | $323,808 |
| 5-6% | 90 | $29,340,000 | $326,000 |
| <2.5% | 48 | $420,000 | $8,750 |
| Over 8% | 19 | $5,985,000 | $315,000 |
During 2024, Compass Mortgage's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 748 originations.
Loan Sizing
2024 saw Compass Mortgage place emphasis on $200k-400k loans with 655 originations, totaling $191,605,000 in origination value.
Applicant Income
Compass Mortgage lent most frequently to those with incomes in the $100k-150k range, with 316 originations. The second most popular income band? $150k-250k, with 277 originations.
Applicant Debt to Income Ratio
Compass Mortgage lent most frequently to those with DTI ratios of 30-36%, with 196 originations. The next most common DTI ratio? 20-30%, with 185 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.17%
Compass Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.80%
Compass Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,316 | $389,100,000 | $295,669 |