Chain Bridge Bank Mortgage Rates, Fees & Info

Mclean, VA

LEI: 25490041Y3ITG7RD6H37

Tax ID: 20-8219870

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

Jump to:

Mortgage Data

Review & Overview

Chain Bridge Bank is a smaller bank specializing in Home Purchase loans. Chain Bridge Bank has a high proportion of conventional loans. Their top (well, only) market is Washington.

Chain Bridge Bank 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.

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.


Originations

23

Origination Dollar Volume (All Markets)

$22,525,000

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 21 $21,435,000 $1,020,714 $0 0.00%
Outside of Metro Areas 2 $1,090,000 $545,000 $0 0.00%
Chain Bridge Bank's top markets include and Washington among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $22,525,000 $979,348 $0 0.00%

    For 2023, Chain Bridge Bank's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $19,800,000 $990,000 $0 0.00%
    Home Improvement 1 $485,000 $485,000 $0 0.00%
    Refi 1 $1,945,000 $1,945,000 $0 0.00%
    Cash Out Refi 1 $295,000 $295,000 $0 0.00%

    For 2023, Chain Bridge Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Home Improvement, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $22,525,000 $979,348 $0 0.00%

    For 2023, Chain Bridge Bank's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 11 $15,505,000 $1,409,545 $0 0.00%
    $600k-1MM 6 $4,810,000 $801,667 $0 0.00%
    $400k-600k 4 $1,810,000 $452,500 $0 0.00%
    $100k-200k 1 $105,000 $105,000 $0 0.00%
    $200k-400k 1 $295,000 $295,000 $0 0.00%

    2023 saw Chain Bridge Bank place emphasis on $1MM+ loans with 11 originations, totaling $15,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 18 $19,760,000 $1,097,778 $0 0.00%
    $100k-150k 2 $790,000 $395,000 $0 0.00%
    $150k-250k 1 $775,000 $775,000 $0 0.00%
    $50k-75k 1 $105,000 $105,000 $0 0.00%

    Chain Bridge Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $100k-150k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $22,525,000 $979,348 $0 0.00%

    Chain Bridge Bank lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $18,745,000 $1,102,647 $0 0.00%
    Asian 3 $2,285,000 $761,667 $0 0.00%
    Not provided 1 $1,095,000 $1,095,000 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Chain Bridge 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 origination
    73.91%

    Chain Bridge Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $22,525,000 $979,348

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    23 $22,525,000 $979,348