Commerce Bank Mortgage Rates, Fees & Info
Kansas City, MOLEI: 7DMUJTL9FFTVIAG9H788
Tax ID: 48-0962626
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Commerce Bank is a smaller bank specializing in Home Purchase loans. Commerce Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Kansas City, St. Louis, Denver, Springfield, and Wichita among others. We have data for 145 markets. (Some data included below & more in-depth data is available with an active subscription.)Commerce Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Commerce Bank is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.92% | 12/16/24 |
| 30 Year Conventional Refi | 6.97% | 12/16/24 |
| 30 Year Cash-out Refi | 6.98% | 12/16/24 |
| 30 Year FHA Purchase | 7.43% | 12/16/24 |
| 30 Year FHA Refi | 7.21% | 12/16/24 |
| 30 Year VA Purchase | 6.40% | 12/16/24 |
| 30 Year USDA Purchase | 7.04% | 12/16/24 |
| 15 Year Conventional Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Refi | 6.22% | 12/16/24 |
| 15 Year Cash-out Refi | 6.22% | 12/16/24 |
| 15 Year FHA Purchase | 5.68% | 12/16/24 |
| 15 Year FHA Refi | 6.87% | 12/16/24 |
| 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. | ||
Commerce Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,274Origination Dollar Volume (All Markets)
$980,610,000Awards
Commerce Bank - 2022
Commerce Bank is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1,783 | $285,415,000 | $160,076 | $1,585 | 4.51% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1,524 | $199,830,000 | $131,122 | $1,515 | 4.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 184 | $93,850,000 | $510,054 | $4,344 | 4.32% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 313 | $50,445,000 | $161,166 | $1,452 | 4.71% |
| Outside of Metro Areas | 158 | $35,290,000 | $223,354 | $2,411 | 4.61% |
| WICHITA, KS (FHA|USDA|VA) | 177 | $28,645,000 | $161,836 | $2,163 | 4.76% |
| COLUMBIA, MO (FHA|USDA|VA) | 122 | $26,650,000 | $218,443 | $2,073 | 4.42% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 110 | $13,500,000 | $122,727 | $1,831 | 4.77% |
| Edwards, CO (FHA|USDA|VA) | 6 | $11,500,000 | $1,916,667 | $7,400 | 4.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 12 | $10,400,000 | $866,667 | $7,590 | 4.12% |
| JOPLIN, MO (FHA|USDA|VA) | 61 | $8,605,000 | $141,066 | $1,572 | 4.70% |
| MANHATTAN, KS (FHA|USDA|VA) | 47 | $8,555,000 | $182,021 | $2,410 | 4.68% |
| PEORIA, IL (FHA|USDA|VA) | 88 | $8,480,000 | $96,364 | $960 | 4.93% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $7,095,000 | $473,000 | $4,352 | 4.27% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 61 | $7,035,000 | $115,328 | $1,676 | 5.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $6,835,000 | $759,444 | $6,658 | 3.07% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 9 | $6,665,000 | $740,556 | $579 | 5.20% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 48 | $6,130,000 | $127,708 | $1,536 | 4.69% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $5,780,000 | $578,000 | $6,046 | 4.16% |
| LAWRENCE, KS (FHA|USDA|VA) | 44 | $5,610,000 | $127,500 | $1,268 | 4.74% |
| TULSA, OK (FHA|USDA|VA) | 18 | $5,560,000 | $308,889 | $4,816 | 4.30% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $5,315,000 | $759,286 | $5,877 | 4.57% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 51 | $5,135,000 | $100,686 | $1,302 | 4.44% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $5,075,000 | $725,000 | $5,266 | 3.98% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 7 | $4,935,000 | $705,000 | $4,080 | 3.96% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 16 | $4,890,000 | $305,625 | $3,727 | 5.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $4,330,000 | $433,000 | $3,199 | 4.15% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $4,170,000 | $695,000 | $8,406 | 3.77% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 4.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $3,995,000 | $799,000 | $8,246 | 3.33% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $3,900,000 | $1,950,000 | $8,039 | 4.38% |
| Pittsburg, KS (FHA|USDA|VA) | 24 | $3,760,000 | $156,667 | $2,229 | 4.90% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $3,225,000 | $1,075,000 | $3,415 | 3.63% |
| Moberly, MO (FHA|USDA|VA) | 30 | $3,210,000 | $107,000 | $1,446 | 4.97% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $3,045,000 | $609,000 | $8,058 | 4.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $2,645,000 | $881,667 | $6,853 | 4.67% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $2,630,000 | $1,315,000 | $3,610 | 2.75% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $2,530,000 | $632,500 | $3,767 | 4.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,375,000 | $475,000 | $5,378 | 4.18% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $2,370,000 | $1,185,000 | $10,631 | 4.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $2,340,000 | $585,000 | $4,397 | 3.88% |
| Mexico, MO (FHA|USDA|VA) | 18 | $2,310,000 | $128,333 | $3,391 | 4.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $2,235,000 | $745,000 | $5,520 | 4.67% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $2,095,000 | $2,095,000 | $6,379 | 4.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $2,090,000 | $1,045,000 | $4,668 | 4.25% |
| Branson, MO (FHA|USDA|VA) | 17 | $1,905,000 | $112,059 | $1,548 | 4.73% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $4,628 | 4.75% |
| Quincy, IL-MO (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $3,283 | 5.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,845,000 | $615,000 | $7,021 | 4.41% |
| Poplar Bluff, MO (FHA|USDA|VA) | 11 | $1,735,000 | $157,727 | $4,828 | 4.63% |
| TOPEKA, KS (FHA|USDA|VA) | 10 | $1,720,000 | $172,000 | $2,309 | 4.63% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,705,000 | $1,705,000 | $7,426 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $1,700,000 | $850,000 | $4,883 | 5.25% |
| Lebanon, MO (FHA|USDA|VA) | 17 | $1,685,000 | $99,118 | $2,131 | 4.89% |
| GREELEY, CO (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $3,211 | 3.68% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $5,886 | 3.88% |
| Garden City, KS (FHA|USDA|VA) | 11 | $1,575,000 | $143,182 | $2,198 | 4.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $6,960 | 3.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,490,000 | $745,000 | $4,593 | 4.31% |
| Hannibal, MO (FHA|USDA|VA) | 15 | $1,465,000 | $97,667 | $1,601 | 4.96% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $4,926 | 4.42% |
| Hays, KS (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $1,928 | 4.98% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $7,056 | 4.81% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $3,844 | 4.96% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $9,726 | 4.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $5,285 | 2.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $10,192 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $1,809 | 4.50% |
| Hutchinson, KS (FHA|USDA|VA) | 12 | $1,110,000 | $92,500 | $1,530 | 4.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $6,863 | 4.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $5,070 | 5.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $7,768 | 3.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $17,250 | 4.88% |
| Warrensburg, MO (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $1,745 | 4.82% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $4,429 | 3.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $6,828 | 4.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $6,273 | 5.63% |
| Key West, FL (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $6,305 | 3.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $10,707 | 4.88% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $4,058 | 3.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,772 | 2.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $9,837 | 4.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,544 | 4.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $4,339 | 5.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,865 | 4.88% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $5,320 | 3.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $7,591 | 3.25% |
| Durango, CO (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $2,205 | 4.63% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,517 | 3.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,770 | 4.88% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $1,636 | 5.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,992 | 3.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,549 | 5.63% |
| Sikeston, MO (FHA|USDA|VA) | 7 | $495,000 | $70,714 | $820 | 4.10% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,333 | 4.75% |
| Ottawa, KS (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $4,293 | 4.00% |
| Farmington, MO (FHA|USDA|VA) | 6 | $480,000 | $80,000 | $782 | 5.04% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,192 | 3.75% |
| Winfield, KS (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $1,906 | 5.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,219 | 4.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,780 | 4.25% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,888 | 2.88% |
| Effingham, IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,233 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,911 | 5.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,319 | 3.25% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,905 | 2.88% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,637 | 3.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,872 | 4.88% |
| McPherson, KS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,405 | 4.92% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,328 | 3.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,527 | 4.50% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,439 | 5.13% |
| Keene, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,183 | 5.00% |
| Parsons, KS (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $1,002 | 5.06% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,469 | 6.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,264 | 4.37% |
| Altus, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,249 | 4.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,752 | 2.88% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.45% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.95% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,476 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,104 | 4.00% |
| Dodge City, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,454 | 4.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,482 | 5.00% |
| Sedalia, MO (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 6.56% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,006 | 4.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.99% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,188 | 5.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,315 | 4.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| Rolla, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.10% |
| Maryville, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,612 | 6.00% |
| Atchison, KS (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.71% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,352 | 3.88% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.99% |
| Salina, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.33% |
| Great Bend, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| Emporia, KS (FHA|USDA|VA) | 3 | $55,000 | $18,333 | $0 | 5.16% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.69% |
| West Plains, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 2.99% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.54% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.99% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.20% |
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We use machine learning to identify the top lenders compared against Commerce Bank 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 2022, Commerce Bank's most frequently originated type of loan was Conventional, with 2,881 originations. Their 2nd most popular type was HELOC, with 2,294 originations.
Loan Reason
For 2022, Commerce Bank's most frequently cited loan purpose was Home Improvement, with 1,473 originations. The 2nd most popular reason was Home Purchase, with 1,329 originations.
Loan Duration/Length
For 2022, Commerce Bank's most frequently cited loan duration was 10 Year, with 2,539 originations. The 2nd most popular length was 30 Year, with 1,442 originations.
Origination Fees/Closing Costs
Commerce Bank's average total fees were $3,498, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,386 originations.
Interest Rates
During 2022, Commerce Bank's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,725 originations.
Loan Sizing
2022 saw Commerce Bank place emphasis on $100,000 or less loans with 2,693 originations, totaling $124,785,000 in origination value.
Applicant Income
Commerce Bank lent most frequently to those with incomes in the $100k-150k range, with 1,075 originations. The second most popular income band? $150k-250k, with 941 originations.
Applicant Debt to Income Ratio
Commerce Bank lent most frequently to those with DTI ratios of 20-30%, with 1,227 originations. The next most common DTI ratio? 30-36%, with 1,022 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.84%
Commerce Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.42%
Commerce Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,274 | $980,610,000 | $185,933 |