Compass Savings Bank Mortgage Rates, Fees & Info
Wilmerding, PALEI: 549300YW4WSUXGQLHY65
Tax ID: 25-0479420
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Mortgage Data
Review & Overview
Compass Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Compass Savings Bank has a high proportion of conventional loans. Their top two markets are Pittsburgh and Somerset .Compass Savings Bank has an above average approval rate when compared to the average across all lenders.
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Originations
28Origination Dollar Volume (All Markets)
$4,700,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 27 | $4,665,000 | $172,778 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $4,700,000 | $167,857 | $0 | 0.00% |
For 2023, Compass Savings Bank's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
For 2023, Compass Savings Bank's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 28 | $4,700,000 | $167,857 | $0 | 0.00% |
For 2023, Compass Savings Bank's most frequently cited loan duration was Other, with 28 originations.
Loan Sizing
2023 saw Compass Savings Bank place emphasis on $100,000 or less loans with 18 originations, totaling $910,000 in origination value.
Applicant Income
Compass Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 28 | $4,700,000 | $167,857 | $0 | 0.00% |
Compass Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.55%
Compass Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 28 | $4,700,000 | $167,857 |