COMPASS MORTGAGE, INC. closing costs and rates (2024)
In 2024, COMPASS MORTGAGE, INC. originated 992 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $7,062. That ranks #376 nationally by origination volume. For total closing costs among lenders with 500+ originations, COMPASS MORTGAGE, INC. ranks #372. That is $321 above the national median of $6,741. COMPASS MORTGAGE, INC. is most active in Illinois with 744 originations there.
Purchase Originations
992
Ranked #376 nationally
Median Total Costs
$7,062
+4.8% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,849
Median Lender Credits
$98
Cost Rank (500+ vol.)
#372
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 664 | 6.990% | $6,193 | $1,549 |
| fha | 250 | 6.750% | $11,655 | $2,873 |
| va | 59 | 6.750% | $9,577 | $1,549 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 744 | 6.875% | $7,070 | #33 |
| Iowa | 60 | 6.625% | $6,786 | #77 |
| Tennessee | 50 | 6.625% | $7,659 | #169 |
| Florida | 37 | 6.990% | $8,480 | — |
| Wisconsin | 15 | 6.990% | $8,566 | — |
| Kentucky | 13 | 6.500% | $4,272 | — |
| Texas | 13 | 6.875% | $9,126 | — |
| Indiana | 11 | 6.625% | $7,369 | — |
| Michigan | 10 | 6.933% | $4,237 | — |
| Alabama | 6 | 6.995% | $8,096 | — |
| North Carolina | 6 | 7.125% | $5,775 | — |
| Colorado | 5 | 6.875% | $3,722 | — |
| Georgia | 5 | 6.750% | $11,991 | — |
| California | 4 | 6.688% | $14,087 | — |
| Arizona | 3 | 7.125% | $5,003 | — |
| Minnesota | 3 | 7.125% | $5,516 | — |
| Ohio | 2 | 7.750% | $7,121 | — |
| South Carolina | 2 | 6.808% | $9,075 | — |
| South Dakota | 1 | 6.990% | $3,109 | — |
| Virginia | 1 | 6.250% | $7,153 | — |
| Washington | 1 | 6.625% | $5,793 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,435 | 6.875% | — | 95 | −$2,627 | |
| 2 | $4,818 | 6.875% | — | 6 | −$2,244 | |
| 3 | $4,866 | 6.625% | — | 7 | −$2,196 | |
| 4 | $5,324 | 6.990% | — | 7 | −$1,738 | |
| 5 | $6,102 | 6.750% | — | 9 | −$960 | |
| 6 | $6,195 | 6.938% | — | 6 | −$867 | |
| 7 | $6,347 | 6.750% | — | 31 | −$715 | |
| 8 | $6,395 | 6.750% | — | 31 | −$667 | |
| 9 | $6,401 | 6.562% | — | 8 | −$661 | |
| 10 | $6,986 | 6.990% | — | 185 | −$76 | |
| 11 | $7,502 | 7.500% | — | 7 | +$440 | |
| 12 | $7,617 | 6.990% | — | 72 | +$555 | |
| 13 | $7,693 | 6.500% | — | 13 | +$631 | |
| 14 | $7,938 | 6.875% | — | 78 | +$876 | |
| 15 | $7,982 | 6.750% | — | 13 | +$920 | |
| 16 | $7,992 | 6.562% | — | 8 | +$930 | |
| 17 | $8,251 | 6.990% | — | 5 | +$1,189 | |
| 18 | $8,434 | 6.875% | — | 138 | +$1,372 | |
| 19 | $8,710 | 6.875% | — | 29 | +$1,648 | |
| 20 | $13,291 | 6.750% | — | 31 | +$6,229 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.