Compass Mortgage Rates, Fees & Info

WINFIELD, IL

LEI: 549300V8CF81JGIV7038

Tax ID: 36-4322204

5 stars - out of 5 stars, based on 86 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Compass Mortgage is a small mortgage company specializing in Refi and 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, Des Moines, Minneapolis, Nashville, and Port St. Lucie among others. We have data for 159 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 an above 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 6.93% 11/26/22
    30 Year Conventional Refi 6.74% 11/26/22
    30 Year Cash-out Refi 6.94% 11/26/22
    30 Year FHA Purchase 7.81% 11/26/22
    30 Year FHA Refi 7.37% 11/26/22
    30 Year VA Purchase 6.68% 11/26/22
    30 Year VA Refi 6.28% 11/26/22
    30 Year USDA Purchase 7.42% 11/26/22
    30 Year USDA Refi 7.06% 11/26/22
    15 Year Conventional Purchase 6.15% 11/26/22
    15 Year Conventional Refi 6.14% 11/26/22
    15 Year Cash-out Refi 6.14% 11/26/22
    15 Year FHA Purchase 5.90% 11/26/22
    15 Year FHA Refi 5.90% 11/26/22
    15 Year VA Refi 5.92% 11/26/22
    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.


    Originations

    7,351

    Origination Dollar Volume (All Markets)

    $1,992,665,000
    Show all (9) awards

    Relative Rate

    Compass Mortgage's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Compass Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $4,561.

    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 $4,750.

    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) 5,611 $1,527,745,000 $272,277 $4,216 2.94%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 320 $62,540,000 $195,438 $3,830 2.95%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 213 $62,435,000 $293,122 $4,031 2.93%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 73 $30,285,000 $414,863 $4,119 3.03%
    Outside of Metro Areas 119 $27,225,000 $228,782 $3,715 3.02%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 79 $21,865,000 $276,772 $4,612 2.94%
    BLOOMINGTON, IL (FHA|USDA|VA) 90 $16,450,000 $182,778 $4,020 3.07%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 29 $12,875,000 $443,966 $5,557 3.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 31 $12,555,000 $405,000 $5,238 3.03%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 36 $11,980,000 $332,778 $3,629 2.91%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 27 $10,685,000 $395,741 $3,134 2.95%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 26 $9,450,000 $363,462 $4,969 3.09%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 27 $8,585,000 $317,963 $5,443 2.85%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 14 $7,940,000 $567,143 $7,122 2.89%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 30 $7,750,000 $258,333 $4,255 2.92%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 21 $7,725,000 $367,857 $5,058 2.99%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 32 $7,420,000 $231,875 $3,463 2.87%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 19 $6,875,000 $361,842 $5,428 3.02%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 24 $6,830,000 $284,583 $3,863 3.01%
    ROCKFORD, IL (FHA|USDA|VA) 32 $5,770,000 $180,313 $3,629 3.03%
    Whitewater, WI (FHA|USDA|VA) 19 $4,715,000 $248,158 $3,451 3.09%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $4,680,000 $334,286 $4,999 2.89%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $4,415,000 $630,714 $7,213 2.98%
    Ottawa, IL (FHA|USDA|VA) 29 $4,415,000 $152,241 $3,929 2.87%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $4,005,000 $267,000 $4,338 3.13%
    PEORIA, IL (FHA|USDA|VA) 23 $3,955,000 $171,957 $3,778 2.86%
    NILES, MI (FHA|USDA|VA) 13 $3,645,000 $280,385 $4,242 2.92%
    MADISON, WI (FHA|USDA|VA) 13 $3,535,000 $271,923 $2,924 2.87%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $3,430,000 $571,667 $6,988 2.85%
    FORT COLLINS, CO (FHA|USDA|VA) 8 $3,280,000 $410,000 $4,032 2.86%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 15 $3,115,000 $207,667 $3,402 2.96%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $3,010,000 $752,500 $3,908 2.56%
    Holland, MI (FHA|USDA|VA) 6 $2,880,000 $480,000 $3,349 3.02%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,780,000 $347,500 $4,990 2.81%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $2,670,000 $445,000 $5,040 2.92%
    Warsaw, IN (FHA|USDA|VA) 9 $2,525,000 $280,556 $3,146 3.00%
    KANKAKEE, IL (FHA|USDA|VA) 14 $2,390,000 $170,714 $4,785 2.92%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 11 $2,365,000 $215,000 $3,304 3.23%
    KNOXVILLE, TN (FHA|USDA|VA) 8 $2,220,000 $277,500 $3,041 2.72%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $2,210,000 $276,250 $4,197 2.91%
    Pella, IA (FHA|USDA|VA) 11 $1,965,000 $178,636 $3,319 3.19%
    GREEN BAY, WI (FHA|USDA|VA) 7 $1,875,000 $267,857 $3,395 3.05%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,780,000 $296,667 $8,298 2.73%
    Rochelle, IL (FHA|USDA|VA) 8 $1,750,000 $218,750 $6,816 3.17%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $1,695,000 $242,143 $3,704 2.98%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,690,000 $422,500 $7,775 3.09%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 7 $1,655,000 $236,429 $3,128 2.87%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,450,000 $725,000 $7,877 3.19%
    SAVANNAH, GA (FHA|USDA|VA) 10 $1,380,000 $138,000 $3,856 3.01%
    VALLEJO, CA (FHA|USDA|VA) 4 $1,320,000 $330,000 $5,238 3.03%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,305,000 $261,000 $5,092 3.25%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,300,000 $650,000 $3,185 2.94%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 5 $1,255,000 $251,000 $4,888 2.70%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 7 $1,185,000 $169,286 $3,686 3.20%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $1,175,000 $391,667 $5,066 3.08%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,135 2.74%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $995,000 $331,667 $7,317 2.83%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 6 $970,000 $161,667 $4,013 3.04%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $965,000 $965,000 $18,826 3.25%
    APPLETON, WI (FHA|USDA|VA) 3 $915,000 $305,000 $4,354 2.79%
    AMES, IA (FHA|USDA|VA) 5 $905,000 $181,000 $3,927 3.15%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 4 $860,000 $215,000 $3,109 2.84%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 5 $835,000 $167,000 $2,751 2.65%
    Dixon, IL (FHA|USDA|VA) 5 $775,000 $155,000 $4,583 2.82%
    EL PASO, TX (FHA|USDA|VA) 3 $765,000 $255,000 $3,486 2.71%
    MIDLAND, MI (FHA|USDA|VA) 2 $730,000 $365,000 $4,465 2.81%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $720,000 $360,000 $8,244 3.25%
    BOULDER, CO (FHA|USDA|VA) 2 $710,000 $355,000 $2,839 2.69%
    Brainerd, MN (FHA|USDA|VA) 2 $700,000 $350,000 $3,708 3.19%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $675,000 $225,000 $6,727 2.96%
    Platteville, WI (FHA|USDA|VA) 2 $650,000 $325,000 $7,250 2.69%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $635,000 $211,667 $3,644 2.88%
    GREELEY, CO (FHA|USDA|VA) 3 $635,000 $211,667 $3,779 3.04%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $630,000 $315,000 $2,892 2.94%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $620,000 $310,000 $2,792 2.81%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $580,000 $290,000 $3,266 3.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $580,000 $290,000 $4,209 3.06%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $555,000 $185,000 $4,359 3.25%
    COLUMBUS, OH (FHA|USDA|VA) 2 $530,000 $265,000 $3,988 2.63%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $530,000 $265,000 $2,928 2.88%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $3,616 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,999 2.38%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $495,000 $165,000 $2,805 3.04%
    MODESTO, CA (FHA|USDA|VA) 1 $485,000 $485,000 $9,201 3.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $485,000 $161,667 $5,891 3.00%
    Pontiac, IL (FHA|USDA|VA) 4 $480,000 $120,000 $3,722 2.63%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $475,000 $475,000 $3,977 2.63%
    Marquette, MI (FHA|USDA|VA) 2 $460,000 $230,000 $4,584 2.94%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $445,000 $445,000 $3,881 3.50%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $440,000 $220,000 $6,902 2.69%
    Beaver Dam, WI (FHA|USDA|VA) 2 $400,000 $200,000 $3,990 3.06%
    Marshalltown, IA (FHA|USDA|VA) 4 $380,000 $95,000 $3,323 2.72%
    Oskaloosa, IA (FHA|USDA|VA) 3 $375,000 $125,000 $3,383 2.63%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $370,000 $185,000 $3,501 3.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,710 3.12%
    OCALA, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,376 3.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,230 3.13%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $335,000 $335,000 $2,996 2.63%
    Manitowoc, WI (FHA|USDA|VA) 1 $325,000 $325,000 $4,587 2.88%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $315,000 $315,000 $2,968 2.75%
    WILMINGTON, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,452 2.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,930 2.88%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $305,000 $305,000 $5,749 2.99%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $295,000 $295,000 $4,117 3.13%
    Marinette, WI-MI (FHA|USDA|VA) 1 $295,000 $295,000 $1,824 2.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,451 3.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $275,000 $275,000 $3,950 2.63%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $270,000 $135,000 $2,664 2.75%
    Houghton, MI (FHA|USDA|VA) 1 $265,000 $265,000 $3,807 3.50%
    Red Wing, MN (FHA|USDA|VA) 1 $265,000 $265,000 $3,169 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,739 3.38%
    DUBUQUE, IA (FHA|USDA|VA) 2 $260,000 $130,000 $3,379 2.94%
    Galesburg, IL (FHA|USDA|VA) 1 $255,000 $255,000 $3,306 3.13%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $255,000 $255,000 $2,504 2.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $255,000 $255,000 $2,459 2.75%
    Richmond, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,824 3.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $4,155 2.88%
    Baraboo, WI (FHA|USDA|VA) 1 $245,000 $245,000 $3,220 2.88%
    Adrian, MI (FHA|USDA|VA) 1 $235,000 $235,000 $3,246 2.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $230,000 $115,000 $3,352 2.88%
    Lincoln, IL (FHA|USDA|VA) 2 $230,000 $115,000 $4,498 2.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $225,000 $225,000 $3,657 3.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,773 2.88%
    FLINT, MI (FHA|USDA|VA) 1 $215,000 $215,000 $3,674 3.13%
    Fergus Falls, MN (FHA|USDA|VA) 1 $215,000 $215,000 $2,419 2.75%
    ROCHESTER, MN (FHA|USDA|VA) 1 $215,000 $215,000 $4,569 3.38%
    Mount Airy, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,694 2.99%
    Thomasville, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,642 2.88%
    Crossville, TN (FHA|USDA|VA) 2 $210,000 $105,000 $2,885 3.13%
    Mount Vernon, IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,718 2.88%
    Bemidji, MN (FHA|USDA|VA) 1 $195,000 $195,000 $5,436 3.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $3,319 4.13%
    New Castle, IN (FHA|USDA|VA) 1 $185,000 $185,000 $3,178 3.50%
    Durango, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,119 3.00%
    IOWA CITY, IA (FHA|USDA|VA) 1 $185,000 $185,000 $2,802 3.88%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $175,000 $175,000 $2,052 2.25%
    Freeport, IL (FHA|USDA|VA) 1 $175,000 $175,000 $6,336 3.13%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,494 3.75%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,786 2.75%
    Paris, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,567 2.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $155,000 $155,000 $4,776 4.25%
    Burlington, IA-IL (FHA|USDA|VA) 1 $155,000 $155,000 $2,302 2.75%
    Storm Lake, IA (FHA|USDA|VA) 1 $155,000 $155,000 $3,952 3.63%
    Angola, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,149 2.99%
    SAGINAW, MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,018 3.13%
    Owatonna, MN (FHA|USDA|VA) 1 $145,000 $145,000 $3,335 2.88%
    Big Rapids, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,524 2.38%
    DECATUR, IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,355 2.75%
    Grand Rapids, MN (FHA|USDA|VA) 1 $135,000 $135,000 $4,259 2.88%
    Sturgis, MI (FHA|USDA|VA) 1 $125,000 $125,000 $6,983 3.63%
    Statesboro, GA (FHA|USDA|VA) 1 $125,000 $125,000 $5,801 2.75%
    Hillsdale, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,559 3.63%
    AKRON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,504 3.13%
    Auburn, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,880 3.50%
    Marion, IN (FHA|USDA|VA) 1 $105,000 $105,000 $4,392 2.99%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,231 3.25%
    Martin, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,104 2.99%
    Cornelia, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,299 3.00%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,119 2.75%
    Compass Mortgage's top markets include Chicago, Des Moines, Minneapolis, Nashville, and Port St. Lucie among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against COMPASS MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Edgewater Bank
    Similarity Rank: 44
    First Savings Bank of Hegewisch
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    RESIDENTIAL MORTGAGE NETWORK, INC.
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    Liberty Bank for Savings
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    DADE COUNTY FEDERAL CREDIT UNION
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    VisionBank of Iowa
    Similarity Rank: 187
    Rock Valley Credit Union
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    Prairie State Bank and Trust
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    GREATER IOWA CREDIT UNION
    Similarity Rank: 252

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,267 $1,728,015,000 $275,732 $3,598 2.95%
    FHA 839 $196,185,000 $233,832 $8,166 2.97%
    VA 202 $62,260,000 $308,218 $6,121 2.69%
    USDA 43 $6,205,000 $144,302 $4,739 3.15%

    For 2021, Compass Mortgage's most frequently originated type of loan was Conventional, with 6,267 originations. Their 2nd most popular type was FHA, with 839 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,274 $873,110,000 $266,680 $2,746 2.80%
    Home Purchase 3,011 $844,305,000 $280,407 $6,119 3.06%
    Cash Out Refi 1,011 $262,305,000 $259,451 $3,262 3.06%
    Other 55 $12,945,000 $235,364 $2,995 3.08%

    For 2021, Compass Mortgage's most frequently cited loan purpose was Refi, with 3,274 originations. The 2nd most popular reason was Home Purchase, with 3,011 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,965 $1,669,645,000 $279,907 $4,561 3.03%
    15 Year 878 $198,760,000 $226,378 $2,689 2.51%
    20 Year 345 $89,895,000 $260,565 $2,590 2.80%
    10 Year 85 $13,825,000 $162,647 $2,443 2.41%
    Other 78 $20,540,000 $263,333 $2,460 2.87%

    For 2021, Compass Mortgage's most frequently cited loan duration was 30 Year, with 5,965 originations. The 2nd most popular length was 15 Year, with 878 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 6,283 $1,709,995,000 $272,162
    $2k-3k 330 $78,510,000 $237,909
    $<1k 297 $69,085,000 $232,609
    $3k-4k 176 $44,210,000 $251,193
    $5k+ 135 $53,035,000 $392,852
    $4k-5k 112 $34,050,000 $304,018

    Compass Mortgage's average total fees were $4,561, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,283 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,726 $1,037,230,000 $278,376
    3-4% 2,454 $648,300,000 $264,181
    <2.5% 1,095 $286,195,000 $261,365
    4-5% 73 $20,435,000 $279,932
    5-6% 3 $505,000 $168,333

    During 2021, Compass Mortgage's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,726 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,832 $1,079,930,000 $281,819 $4,448 2.93%
    $100k-200k 2,168 $339,190,000 $156,453 $3,601 2.96%
    $400k-600k 882 $422,160,000 $478,639 $4,486 2.90%
    $100,000 or less 321 $25,725,000 $80,140 $3,510 3.04%
    $600k-1MM 117 $86,165,000 $736,453 $5,914 3.13%
    $1MM+ 31 $39,495,000 $1,274,032 $7,335 3.10%

    2021 saw Compass Mortgage place emphasis on $200k-400k loans with 3,832 originations, totaling $1,079,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,814 $504,170,000 $277,933 $4,089 2.95%
    $150k-250k 1,455 $496,475,000 $341,220 $3,718 2.91%
    $50k-75k 1,378 $278,130,000 $201,836 $4,673 2.99%
    $75k-100k 1,212 $288,790,000 $238,276 $4,420 2.98%
    $50k or less 776 $129,380,000 $166,727 $4,762 2.95%
    $250k+ 596 $264,110,000 $443,138 $3,703 2.89%

    Compass Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,814 originations. The second most popular income band? $150k-250k, with 1,455 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,875 $524,735,000 $279,859 $3,572 2.90%
    30-36% 1,306 $358,770,000 $274,709 $4,144 2.97%
    <20% 817 $226,785,000 $277,583 $3,074 2.81%
    40% 258 $73,350,000 $284,302 $4,805 3.03%
    44% 245 $59,475,000 $242,755 $4,740 3.05%
    41% 233 $62,635,000 $268,820 $4,466 3.01%
    36% 231 $65,525,000 $283,658 $4,318 3.04%
    42% 230 $61,700,000 $268,261 $4,530 3.02%
    37% 221 $61,755,000 $279,434 $4,423 3.03%
    43% 220 $56,330,000 $256,045 $4,568 3.04%
    38% 217 $57,145,000 $263,341 $4,296 3.04%
    50-60% 205 $50,995,000 $248,756 $8,469 2.99%
    39% 195 $54,195,000 $277,923 $4,807 3.04%
    45% 191 $49,925,000 $261,387 $4,642 3.04%
    49% 174 $44,180,000 $253,908 $5,279 3.00%
    47% 155 $39,585,000 $255,387 $4,392 2.98%
    46% 154 $39,550,000 $256,818 $4,819 3.00%
    48% 154 $39,300,000 $255,195 $4,947 2.97%
    >60% 1 $205,000 $205,000 $11,827 2.50%

    Compass Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,875 originations. The next most common DTI ratio? 30-36%, with 1,306 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,108 $1,670,940,000 $273,566 $3,994 2.93%
    Not provided 585 $149,435,000 $255,444 $5,019 2.99%
    Asian 318 $91,620,000 $288,113 $4,617 2.94%
    Black 318 $74,880,000 $235,472 $6,195 3.21%
    American Indian 15 $4,165,000 $277,667 $4,173 2.95%
    Native Hawaiian or Islander 6 $1,380,000 $230,000 $4,671 2.83%
    Filipino 1 $245,000 $245,000 $7,262 2.50%

    Approval Rates

    Total approvals of all applications
    98.18%

    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 origination
    90.21%

    Compass Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,351 $1,992,665,000 $271,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,351 $1,992,665,000 $271,074

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 251 $44,265,000 $176,355 $2,982 2.74%
    40-60% 1,011 $240,665,000 $238,046 $2,695 2.78%
    60-80% 3,034 $863,150,000 $284,492 $3,298 2.96%
    80-100% 3,002 $831,750,000 $277,065 $5,629 3.01%
    Over 100% 32 $10,990,000 $343,438 $12,821 2.71%
    Under 20% 21 $1,845,000 $87,857 $3,036 2.72%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMPASS MORTGAGE, INC. Conventional home mortgage Closing on a mortgage 1 100.0%