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 and Refi 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, Bloomington, and Port St. Lucie among others. We have data for 91 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.91% | 4/21/24 |
| 30 Year Conventional Refi | 6.58% | 4/21/24 |
| 30 Year Cash-out Refi | 6.90% | 4/21/24 |
| 30 Year FHA Purchase | 7.57% | 4/21/24 |
| 30 Year FHA Refi | 7.26% | 4/21/24 |
| 30 Year VA Purchase | 6.54% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 7.03% | 4/21/24 |
| 15 Year Conventional Purchase | 6.42% | 4/21/24 |
| 15 Year Conventional Refi | 6.19% | 4/21/24 |
| 15 Year Cash-out Refi | 6.19% | 4/21/24 |
| 15 Year FHA Purchase | 5.68% | 4/21/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,483Origination Dollar Volume (All Markets)
$855,735,000Awards
COMPASS MORTGAGE - 2019
COMPASS MORTGAGE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 2,869 | $720,275,000 | $251,054 | $5,117 | 4.29% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 106 | $18,240,000 | $172,075 | $3,858 | 4.23% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 55 | $15,675,000 | $285,000 | $4,614 | 3.99% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 97 | $14,545,000 | $149,948 | $3,738 | 4.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 42 | $10,470,000 | $249,286 | $5,151 | 4.30% |
| Outside of Metro Areas | 33 | $7,255,000 | $219,848 | $3,767 | 4.23% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 17 | $4,945,000 | $290,882 | $4,440 | 4.64% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 17 | $4,425,000 | $260,294 | $5,613 | 4.53% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $3,790,000 | $236,875 | $3,548 | 4.41% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 12 | $3,440,000 | $286,667 | $4,905 | 4.37% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $3,115,000 | $445,000 | $5,321 | 4.38% |
| Whitewater, WI (FHA|USDA|VA) | 8 | $2,340,000 | $292,500 | $3,337 | 4.30% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $4,828 | 4.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $5,411 | 4.06% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $4,122 | 4.28% |
| ROCKFORD, IL (FHA|USDA|VA) | 11 | $1,955,000 | $177,727 | $4,399 | 4.33% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $4,436 | 4.60% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $4,248 | 4.67% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $5,641 | 4.29% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,475,000 | $210,714 | $3,672 | 4.45% |
| PEORIA, IL (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $3,470 | 4.43% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $3,269 | 4.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $6,477 | 4.98% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $4,352 | 4.23% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $3,901 | 4.50% |
| Ottawa, IL (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,285 | 4.41% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $5,270 | 4.38% |
| Rochelle, IL (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $3,441 | 4.32% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $4,041 | 4.32% |
| MADISON, WI (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $3,141 | 4.17% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $2,966 | 4.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,487 | 4.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $0 | 4.75% |
| KANKAKEE, IL (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $4,465 | 4.44% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,718 | 4.78% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $22,779 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $8,704 | 4.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,521 | 4.75% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $3,560 | 4.13% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,216 | 5.06% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,539 | 5.00% |
| AMES, IA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,858 | 4.00% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,809 | 4.81% |
| NILES, MI (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,707 | 4.58% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,492 | 3.81% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,103 | 4.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,236 | 4.63% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,521 | 4.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,293 | 4.06% |
| Pontiac, IL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,376 | 4.04% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,806 | 3.75% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,320 | 4.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,345 | 4.00% |
| Dixon, IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,485 | 4.56% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,935 | 3.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,375 | 4.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,322 | 4.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,127 | 4.25% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,329 | 5.88% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,658 | 4.13% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,619 | 4.63% |
| Pella, IA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,179 | 4.38% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,418 | 3.63% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,168 | 4.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,603 | 4.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,172 | 3.63% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,275 | 4.38% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,768 | 4.88% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,735 | 4.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,028 | 4.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,094 | 4.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,534 | 4.50% |
| Huntington, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,351 | 4.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,731 | 5.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,423 | 4.75% |
| Ludington, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,916 | 3.88% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,166 | 4.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,522 | 4.13% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,721 | 4.38% |
| RACINE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,333 | 4.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,915 | 4.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,208 | 4.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,199 | 5.50% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,220 | 5.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,477 | 4.50% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,917 | 5.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,744 | 4.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,943 | 5.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,946 | 4.00% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,147 | 4.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,569 | 5.13% |
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.
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Product Mix
For 2019, Compass Mortgage's most frequently originated type of loan was Conventional, with 2,608 originations. Their 2nd most popular type was FHA, with 692 originations.
Loan Reason
For 2019, Compass Mortgage's most frequently cited loan purpose was Home Purchase, with 2,059 originations. The 2nd most popular reason was Refi, with 1,046 originations.
Loan Duration/Length
For 2019, Compass Mortgage's most frequently cited loan duration was 30 Year, with 3,134 originations. The 2nd most popular length was 15 Year, with 224 originations.
Origination Fees/Closing Costs
Compass Mortgage's average total fees were $5,159, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,534 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,745 | $415,675,000 | $238,209 |
| 3-4% | 1,379 | $360,725,000 | $261,584 |
| 5-6% | 339 | $74,255,000 | $219,041 |
| 2.5-3% | 8 | $2,070,000 | $258,750 |
| 6-7% | 8 | $2,980,000 | $372,500 |
During 2019, Compass Mortgage's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 1,745 originations.
Loan Sizing
2019 saw Compass Mortgage place emphasis on $200k-400k loans with 1,811 originations, totaling $503,655,000 in origination value.
Applicant Income
Compass Mortgage lent most frequently to those with incomes in the $100k-150k range, with 816 originations. The second most popular income band? $50k-75k, with 779 originations.
Applicant Debt to Income Ratio
Compass Mortgage lent most frequently to those with DTI ratios of 20-30%, with 648 originations. The next most common DTI ratio? 30-36%, with 597 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.66%
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 origination93.63%
Compass Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,483 | $855,735,000 | $245,689 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $1,050,000 | $131,250 |
| Single Family (1-4 Units):Site-Built | 3,475 | $854,685,000 | $245,953 |