What loan types does Commerce Bank offer?

Commerce Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing score and performance metrics.

Where does Commerce Bank offer mortgages?

Commerce Bank offers mortgages in 33 states: AL, AR, AZ, CA, CO, DC, FL, GA, HI, IA, IL, IN, KS, LA, MI, MN, MO, MS, NH, NM, NV, NY, OH, OK, RI, SC, TN, TX, UT, VA, WA, WI, WY.

How competitive are Commerce Bank's mortgage rates?

Commerce Bank has an overall pricing score of 52.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Commerce Bank?

Commerce Bank is a Bank headquartered in Kansas City, MO.

Unclaimed

Commerce Bank

Bank•Kansas City, MO•Direct to Consumer

We analyzed every closed loan from Commerce Bank — 1.1k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Sound

vs. all lenders

Pull Through

Sound

closing strength

Products

Strong

FHA · Conventional · VA · Jumbo

Place

Sound

Near-National · 12 mkts

Safe Rate Awards⭐Jumbo Superstar

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Safe Rate's Summary

What They Do Well

Particularly strong in Conventional and FHA and Jumbo loans
Nationwide availability with consistent service

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Report Card

Commerce Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Sound	Industry Standard +23.9 bps above market avg
Pull Through Closing strength	Sound	Industry Standard Top 60% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Acceptable	Near industry average Bottom 40% of lenders
Jumbo	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Near-National13 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Sound	Sound	949	85.3%	+0.233%Above	$456Fees
FHA Loans	Sound	Strong	Sound	Sound	64	5.8%	+1.057%Above	$239Fees
VA Loans	Acceptable	Acceptable	—	Acceptable	11	1.0%	+0.424%Above	$726Fees
Jumbo Loans	Strong	Strong	Strong	Sound	88	7.9%	-0.252%Below	$789Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Sound	Acceptable	894	80.4%	+0.128%Above	$410Fees
Refinance	Sound	Strong	Acceptable	Sound	218	19.6%	+0.726%Above	$745Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,112

Applications

1,994

Volume

$372 million

Pricing & Closing

Avg Rate Spread

+0.239%

vs. market APOR

Avg Net Fees

$473

Origination − Credits

Pullthrough Rate

55.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$334,865

Avg Borrower Income

$196,035

Avg Property Value

$499,703

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

ALARAZCACODCFLGAHIIAILINKSLAMIMNMOMSNHNMNVNYOHOKRISCTNTXUTVAWAWIWY

Top Metro Areas by Place Specialization Score

Kansas City, MO, MO-KSMSA

Volume: 332Mix: 29.86%of portfolio

Place

Strong

St. Louis, MO, MO-ILMSA

Volume: 230Mix: 20.68%of portfolio

Place

Strong

Springfield, MO, MOMSA

Volume: 60Mix: 5.40%of portfolio

Place

Strong

St. Joseph, MO, MO-KSMSA

Volume: 27Mix: 2.43%of portfolio

Place

Strong

Wichita, KS, KSMSA

Volume: 49Mix: 4.41%of portfolio

Place

Strong

Denver, COMSA

Volume: 64Mix: 5.76%of portfolio

Place

Strong

Columbia, MO, MOMSA

Volume: 28Mix: 2.52%of portfolio

Place

Sound

Peoria, IL, ILMSA

Volume: 20Mix: 1.80%of portfolio

Place

Sound

Manhattan, KS, KSMSA

Volume: 12Mix: 1.08%of portfolio

Place

Sound

Cape Girardeau, MO, MO-ILMSA

Volume: 12Mix: 1.08%of portfolio

Place

Sound

Showing 10 of 12 metro areas

Top States by Place Specialization Score

MOState

Volume: 634Mix: 57.01%of portfolio

Place

Exceptional

KSState

Volume: 216Mix: 19.42%of portfolio

Place

Exceptional

COState

Volume: 83Mix: 7.46%of portfolio

Place

Strong

ILState

Volume: 52Mix: 4.68%of portfolio

Place

Sound

OKState

Volume: 19Mix: 1.71%of portfolio

Place

Sound

TXState

Volume: 29Mix: 2.61%of portfolio

Place

Sound

FLState

Volume: 12Mix: 1.08%of portfolio

Place

Acceptable

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.