Compass Mortgage Rates, Fees & Info

WINFIELD, IL

LEI: 549300V8CF81JGIV7038

Tax ID: 36-4322204

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

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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, Nashville, Des Moines, Minneapolis, and Bloomington among others. We have data for 144 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 6.91% 12/17/24
30 Year Conventional Refi 6.58% 12/17/24
30 Year Cash-out Refi 6.90% 12/17/24
30 Year FHA Purchase 7.57% 12/17/24
30 Year FHA Refi 7.26% 12/17/24
30 Year VA Purchase 6.54% 12/17/24
30 Year VA Refi 6.27% 12/17/24
30 Year USDA Purchase 7.03% 12/17/24
15 Year Conventional Purchase 6.42% 12/17/24
15 Year Conventional Refi 6.19% 12/17/24
15 Year Cash-out Refi 6.19% 12/17/24
15 Year FHA Purchase 5.68% 12/17/24
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.

Compass Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

2,630

Origination Dollar Volume (All Markets)

$748,730,000
Show all (6) 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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,796 $511,160,000 $284,610 $7,198 5.04%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 55 $24,745,000 $449,909 $7,636 5.04%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 118 $22,810,000 $193,305 $5,546 4.90%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 55 $17,865,000 $324,818 $6,259 5.02%
Outside of Metro Areas 58 $11,290,000 $194,655 $5,029 5.08%
BLOOMINGTON, IL (FHA|USDA|VA) 62 $10,570,000 $170,484 $4,685 5.44%
PORT ST. LUCIE, FL (FHA|USDA|VA) 32 $10,130,000 $316,563 $5,754 4.68%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 19 $9,585,000 $504,474 $6,840 4.68%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $7,060,000 $588,333 $9,163 5.31%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $6,860,000 $428,750 $9,025 4.95%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $5,675,000 $436,538 $6,957 5.03%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $4,565,000 $304,333 $6,506 4.98%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $4,020,000 $502,500 $8,165 5.52%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $3,925,000 $261,667 $4,471 4.98%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 17 $3,795,000 $223,235 $5,399 5.17%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 12 $3,780,000 $315,000 $5,579 4.84%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,760,000 $313,333 $7,982 4.80%
KNOXVILLE, TN (FHA|USDA|VA) 13 $3,525,000 $271,154 $4,835 5.39%
Ottawa, IL (FHA|USDA|VA) 17 $3,455,000 $203,235 $5,468 4.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $3,420,000 $342,000 $7,470 4.79%
ROCKFORD, IL (FHA|USDA|VA) 18 $2,850,000 $158,333 $6,587 5.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $2,525,000 $505,000 $6,871 5.13%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 9 $2,505,000 $278,333 $4,114 4.42%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,420,000 $1,210,000 $6,944 4.44%
Rochelle, IL (FHA|USDA|VA) 13 $2,405,000 $185,000 $5,848 5.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,370,000 $395,000 $7,732 4.33%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $2,315,000 $463,000 $9,201 4.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,060,000 $515,000 $6,447 4.12%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,990,000 $331,667 $10,990 4.94%
NILES, MI (FHA|USDA|VA) 9 $1,965,000 $218,333 $6,042 5.17%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,910,000 $477,500 $10,375 5.44%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,760,000 $293,333 $4,692 5.25%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 5 $1,485,000 $297,000 $3,091 4.12%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,445,000 $289,000 $6,273 5.50%
Fredericksburg, TX (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $13,884 4.25%
PEORIA, IL (FHA|USDA|VA) 8 $1,380,000 $172,500 $4,696 5.69%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $1,360,000 $226,667 $5,140 4.60%
Dixon, IL (FHA|USDA|VA) 8 $1,340,000 $167,500 $4,709 5.05%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $6,672 5.38%
COLUMBUS, OH (FHA|USDA|VA) 2 $1,080,000 $540,000 $3,195 5.38%
KANKAKEE, IL (FHA|USDA|VA) 7 $1,075,000 $153,571 $4,935 5.63%
EL PASO, TX (FHA|USDA|VA) 4 $1,040,000 $260,000 $8,933 5.72%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $6,330 5.13%
SHEBOYGAN, WI (FHA|USDA|VA) 3 $965,000 $321,667 $3,750 4.29%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $890,000 $445,000 $6,362 5.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $875,000 $875,000 $8,825 3.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $765,000 $255,000 $3,977 4.92%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $760,000 $380,000 $10,198 4.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $750,000 $375,000 $6,746 5.13%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $750,000 $375,000 $10,157 5.13%
OCALA, FL (FHA|USDA|VA) 3 $715,000 $238,333 $10,483 4.21%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $695,000 $231,667 $4,429 5.42%
LOUISVILLE, KY (FHA|USDA|VA) 3 $655,000 $218,333 $4,880 7.17%
Warsaw, IN (FHA|USDA|VA) 1 $645,000 $645,000 $3,205 4.38%
AMES, IA (FHA|USDA|VA) 3 $635,000 $211,667 $4,319 4.16%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 4 $630,000 $157,500 $4,098 4.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $625,000 $625,000 $4,619 3.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $620,000 $310,000 $10,135 5.63%
Pontiac, IL (FHA|USDA|VA) 5 $615,000 $123,000 $4,698 4.83%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $565,000 $565,000 $2,825 3.38%
RACINE, WI (FHA|USDA|VA) 1 $565,000 $565,000 $3,009 7.38%
Granbury, TX (FHA|USDA|VA) 1 $555,000 $555,000 $7,027 3.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $545,000 $545,000 $11,689 3.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,262 6.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $545,000 $545,000 $12,241 5.75%
Lewisburg, TN (FHA|USDA|VA) 1 $535,000 $535,000 $4,680 4.13%
Murray, KY (FHA|USDA|VA) 2 $530,000 $265,000 $5,264 6.44%
DUBUQUE, IA (FHA|USDA|VA) 2 $510,000 $255,000 $2,504 6.38%
Adrian, MI (FHA|USDA|VA) 1 $505,000 $505,000 $6,125 4.38%
ASHEVILLE, NC (FHA|USDA|VA) 1 $505,000 $505,000 $4,466 4.25%
Whitewater, WI (FHA|USDA|VA) 2 $490,000 $245,000 $5,194 5.94%
Greeneville, TN (FHA|USDA|VA) 3 $475,000 $158,333 $4,557 4.33%
Traverse City, MI (FHA|USDA|VA) 1 $455,000 $455,000 $2,898 5.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $455,000 $455,000 $4,014 6.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $445,000 $445,000 $4,208 5.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,512 3.38%
MORRISTOWN, TN (FHA|USDA|VA) 2 $430,000 $215,000 $5,300 7.44%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $425,000 $425,000 $13,621 3.50%
Mineral Wells, TX (FHA|USDA|VA) 1 $405,000 $405,000 $8,240 6.50%
Marquette, MI (FHA|USDA|VA) 2 $400,000 $200,000 $6,138 6.87%
Jefferson, GA (FHA|USDA|VA) 1 $385,000 $385,000 $12,033 5.99%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $385,000 $385,000 $4,054 6.63%
GAINESVILLE, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,290 3.88%
Manitowoc, WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,009 3.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $350,000 $87,500 $3,358 3.94%
Durango, CO (FHA|USDA|VA) 1 $345,000 $345,000 $6,237 4.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $335,000 $335,000 $15,217 4.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,203 5.25%
Marshalltown, IA (FHA|USDA|VA) 2 $330,000 $165,000 $3,848 5.37%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $325,000 $325,000 $7,368 5.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $315,000 $315,000 $10,376 3.88%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $310,000 $155,000 $3,925 3.88%
GREEN BAY, WI (FHA|USDA|VA) 2 $310,000 $155,000 $2,925 4.56%
MADISON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $4,113 4.38%
WACO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.88%
Bardstown, KY (FHA|USDA|VA) 1 $295,000 $295,000 $3,155 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,759 3.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,362 2.63%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $285,000 $285,000 $8,177 4.75%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $285,000 $285,000 $9,708 7.25%
Pella, IA (FHA|USDA|VA) 2 $280,000 $140,000 $5,873 5.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $5,757 7.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,764 6.13%
Clewiston, FL (FHA|USDA|VA) 1 $255,000 $255,000 $6,114 7.00%
Cedartown, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,330 5.50%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $245,000 $245,000 $10,451 6.63%
FORT WAYNE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $5,476 5.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $7,692 6.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $235,000 $235,000 $9,135 6.13%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,875 5.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $9,624 4.50%
Red Wing, MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,699 5.13%
North Wilkesboro, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,471 6.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,026 4.25%
AKRON, OH (FHA|USDA|VA) 1 $215,000 $215,000 $4,006 6.38%
Freeport, IL (FHA|USDA|VA) 1 $215,000 $215,000 $3,396 4.38%
Oskaloosa, IA (FHA|USDA|VA) 1 $205,000 $205,000 $7,530 4.25%
Plymouth, IN (FHA|USDA|VA) 1 $185,000 $185,000 $6,384 5.63%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $185,000 $185,000 $3,091 3.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,867 5.38%
Burlington, IA-IL (FHA|USDA|VA) 2 $170,000 $85,000 $3,436 5.06%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,422 4.13%
Lufkin, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,184 5.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $165,000 $165,000 $1,207 5.13%
Beaver Dam, WI (FHA|USDA|VA) 1 $155,000 $155,000 $3,682 3.25%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $145,000 $145,000 $6,089 3.00%
Fort Dodge, IA (FHA|USDA|VA) 1 $145,000 $145,000 $3,435 5.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $145,000 $145,000 $6,516 3.88%
Storm Lake, IA (FHA|USDA|VA) 1 $135,000 $135,000 $4,529 3.25%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $4,643 4.25%
Sterling, IL (FHA|USDA|VA) 1 $125,000 $125,000 $4,424 6.50%
Jacksonville, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,992 5.25%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,591 3.88%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $115,000 $115,000 $3,516 5.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,253 5.63%
SUMTER, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,609 6.50%
Lincoln, IL (FHA|USDA|VA) 1 $105,000 $105,000 $4,044 4.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $105,000 $105,000 $3,984 5.99%
Richmond, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,077 5.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $85,000 $85,000 $5,622 6.00%
FLINT, MI (FHA|USDA|VA) 1 $85,000 $85,000 $3,194 5.63%
Ashtabula, OH (FHA|USDA|VA) 1 $65,000 $65,000 $6,059 5.75%
Marion, IN (FHA|USDA|VA) 1 $55,000 $55,000 $2,748 5.25%
MUNCIE, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
Compass Mortgage's top markets include Chicago, Nashville, Des Moines, Minneapolis, and Bloomington among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Minnesota (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,054 $599,980,000 $292,103 $5,914 5.04%
    FHA 457 $112,735,000 $246,685 $10,410 5.04%
    VA 87 $31,665,000 $363,966 $9,630 4.90%
    USDA 32 $4,350,000 $135,938 $4,567 4.85%

    For 2022, Compass Mortgage's most frequently originated type of loan was Conventional, with 2,054 originations. Their 2nd most popular type was FHA, with 457 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,212 $639,280,000 $289,005 $7,288 5.17%
    Cash Out Refi 214 $57,100,000 $266,822 $4,572 4.43%
    Refi 178 $46,670,000 $262,191 $3,962 4.05%
    Other 26 $5,680,000 $218,462 $3,998 5.02%

    For 2022, Compass Mortgage's most frequently cited loan purpose was Home Purchase, with 2,212 originations. The 2nd most popular reason was Cash Out Refi, with 214 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,494 $717,640,000 $287,747 $6,945 5.10%
    15 Year 105 $24,875,000 $236,905 $4,679 3.88%
    20 Year 19 $4,455,000 $234,474 $3,793 4.16%
    10 Year 9 $1,525,000 $169,444 $2,887 2.63%
    Other 2 $230,000 $115,000 $1,513 2.13%
    5 Year 1 $5,000 $5,000 $0 0.00%

    For 2022, Compass Mortgage's most frequently cited loan duration was 30 Year, with 2,494 originations. The 2nd most popular length was 15 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,505 $428,845,000 $284,947
    $5k+ 331 $128,815,000 $389,169
    $2k-3k 306 $70,120,000 $229,150
    $3k-4k 224 $54,780,000 $244,554
    $4k-5k 188 $52,080,000 $277,021
    $<1k 54 $10,590,000 $196,111

    Compass Mortgage's average total fees were $6,945, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,505 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 929 $269,855,000 $290,479
    3-4% 593 $177,105,000 $298,659
    4-5% 552 $160,870,000 $291,431
    6-7% 383 $98,805,000 $257,977
    7-8% 101 $24,565,000 $243,218
    2.5-3% 58 $15,050,000 $259,483
    <2.5% 11 $2,215,000 $201,364
    Over 8% 3 $265,000 $88,333

    During 2022, Compass Mortgage's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 929 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,346 $385,430,000 $286,352 $7,312 5.04%
    $100k-200k 710 $110,270,000 $155,310 $5,352 5.09%
    $400k-600k 312 $148,090,000 $474,647 $8,142 4.99%
    $100,000 or less 136 $10,220,000 $75,147 $4,076 5.15%
    $600k-1MM 110 $75,520,000 $686,545 $8,839 4.68%
    $1MM+ 16 $19,200,000 $1,200,000 $11,113 4.79%

    2022 saw Compass Mortgage place emphasis on $200k-400k loans with 1,346 originations, totaling $385,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 662 $201,310,000 $304,094 $7,112 5.06%
    $50k-75k 599 $124,575,000 $207,972 $6,560 5.08%
    $150k-250k 457 $176,405,000 $386,007 $7,074 5.07%
    $75k-100k 454 $113,150,000 $249,229 $7,146 5.05%
    $50k or less 267 $39,245,000 $146,985 $5,513 4.93%
    $250k+ 190 $93,920,000 $494,316 $6,986 4.84%

    Compass Mortgage lent most frequently to those with incomes in the $100k-150k range, with 662 originations. The second most popular income band? $50k-75k, with 599 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 477 $140,745,000 $295,063 $6,314 5.11%
    20-30% 435 $121,915,000 $280,264 $5,695 4.79%
    50-60% 175 $49,325,000 $281,857 $10,749 5.03%
    <20% 156 $44,750,000 $286,859 $5,178 4.49%
    44% 150 $40,640,000 $270,933 $7,348 5.15%
    49% 123 $33,625,000 $273,374 $7,305 5.28%
    43% 112 $30,810,000 $275,089 $6,268 5.05%
    42% 110 $30,980,000 $281,636 $6,801 5.21%
    41% 109 $31,985,000 $293,440 $6,960 5.20%
    37% 99 $26,285,000 $265,505 $6,297 5.14%
    40% 93 $27,125,000 $291,667 $6,508 4.96%
    48% 93 $24,645,000 $265,000 $7,289 5.13%
    38% 90 $26,140,000 $290,444 $7,519 5.10%
    45% 90 $26,690,000 $296,556 $7,559 4.99%
    46% 82 $24,280,000 $296,098 $7,969 5.27%
    39% 82 $22,990,000 $280,366 $6,356 5.21%
    47% 82 $23,150,000 $282,317 $7,298 5.18%
    36% 70 $21,410,000 $305,857 $6,667 5.16%
    >60% 2 $1,240,000 $620,000 $6,693 4.75%

    Compass Mortgage lent most frequently to those with DTI ratios of 30-36%, with 477 originations. The next most common DTI ratio? 20-30%, with 435 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,013 $584,955,000 $290,589 $6,423 5.01%
    Not provided 279 $71,625,000 $256,720 $7,181 5.01%
    Black 191 $51,665,000 $270,497 $9,127 5.21%
    Asian 135 $37,265,000 $276,037 $8,356 5.21%
    American Indian 11 $2,945,000 $267,727 $9,156 5.40%
    Native Hawaiian or Islander 1 $275,000 $275,000 $6,963 5.50%

    Approval Rates

    Total approvals of all applications
    96.19%

    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
    81.60%

    Compass Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,630 $748,730,000 $284,688

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,630 $748,730,000 $284,688

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $12,915,000 $187,174 $4,621 5.06%
    40-60% 201 $51,605,000 $256,741 $4,919 4.73%
    60-80% 743 $219,885,000 $295,942 $5,912 4.97%
    80-100% 1,583 $456,735,000 $288,525 $7,521 5.11%
    Over 100% 15 $5,205,000 $347,000 $14,325 5.43%
    Under 20% 18 $2,380,000 $132,222 $4,435 4.72%