Cnb Bank Mortgage Rates, Fees & Info

Berkeley Springs, WV

LEI: 254900EDYO1UYWLWP146

Tax ID: 55-0143757

5 stars - Updated: 3/28/24 - out of 5 stars, based on 16 reviews

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

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Mortgage Data

Review & Overview

Cnb Bank is a smaller bank specializing in Home Purchase loans. Cnb 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.) Their top markets by origination volume include: Hagerstown, Washington, Chambersburg, Winchester, and Cumberland among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cnb Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Cnb 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 relatively high 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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.59% 3/28/24
30 Year Conventional Refi 6.54% 3/28/24
30 Year Cash-out Refi 6.80% 3/28/24
30 Year VA Purchase 6.02% 3/28/24
30 Year VA Refi 6.48% 3/28/24
30 Year USDA Purchase 6.69% 3/28/24
15 Year Conventional Purchase 6.87% 3/28/24
15 Year Conventional Refi 6.12% 3/28/24
15 Year Cash-out Refi 6.12% 3/28/24
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.

Cnb Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Cnb Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

270

Origination Dollar Volume (All Markets)

$64,590,000

Awards

CNB Bank 30 Year Conventional Loans gold CNB Bank 30 Year Conventional Loans gold CNB Bank 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Cnb Bank's average 30 year fixed mortgage rate was 6.58%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.1%.

Relative Fees (Closing Costs)

Cnb Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,813.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 210 $43,990,000 $209,476 $2,675 6.84%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 22 $9,820,000 $446,364 $3,996 6.66%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 19 $6,195,000 $326,053 $5,388 6.55%
Outside of Metro Areas 8 $1,700,000 $212,500 $3,283 6.89%
WINCHESTER, VA-WV (FHA|USDA|VA) 6 $1,310,000 $218,333 $3,840 6.79%
CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $780,000 $390,000 $3,900 6.77%
BECKLEY, WV (FHA|USDA|VA) 1 $525,000 $525,000 $3,650 6.74%
PITTSBURGH, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,510 6.99%
Fairmont, WV (FHA|USDA|VA) 1 $105,000 $105,000 $3,035 5.83%
Cnb Bank's top markets include Hagerstown, Washington, Chambersburg, Winchester, and Cumberland among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CNB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ACNB Bank
    Similarity Rank: 48
    PATRIOT
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    IDB Global Federal Credit Union
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    Orrstown Bank
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    Member Options, LLC
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    CORNING
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    EagleBank
    Similarity Rank: 1131
    CNB Bank Inc.
    Similarity Rank: 1431

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $63,105,000 $238,132 $2,906 6.80%
    VA 4 $1,440,000 $360,000 $11,475 6.03%
    FHA 1 $45,000 $45,000 $0 10.50%

    For 2023, Cnb Bank's most frequently originated type of loan was Conventional, with 265 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 184 $57,720,000 $313,696 $4,170 6.64%
    Home Improvement 34 $2,000,000 $58,824 $189 7.18%
    Other 26 $1,560,000 $60,000 $190 7.20%
    Refi 25 $3,175,000 $127,000 $1,466 7.09%
    Cash Out Refi 1 $135,000 $135,000 $2,682 6.50%

    For 2023, Cnb Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Home Improvement, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 136 $35,610,000 $261,838 $3,813 6.58%
    10 Year 46 $2,380,000 $51,739 $0 7.25%
    30+ year 46 $19,660,000 $427,391 $4,861 6.74%
    5 Year 17 $515,000 $30,294 $0 6.99%
    Other 9 $1,845,000 $205,000 $0 7.21%
    20 Year 7 $1,795,000 $256,429 $0 7.68%
    15 Year 6 $1,990,000 $331,667 $4,614 6.46%
    1 Year 3 $795,000 $265,000 $5,112 7.24%

    For 2023, Cnb Bank's most frequently cited loan duration was 30 Year, with 136 originations. The 2nd most popular length was 10 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 182 $39,350,000 $216,209
    $1k-2k 54 $15,270,000 $282,778
    $3k-4k 8 $2,270,000 $283,750
    $2k-3k 6 $1,730,000 $288,333
    $5k+ 3 $915,000 $305,000
    $4k-5k 2 $1,030,000 $515,000

    Cnb Bank's average total fees were $3,813, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 182 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 187 $51,885,000 $277,460
    7-8% 54 $6,520,000 $120,741
    5-6% 27 $6,125,000 $226,852
    Over 8% 2 $60,000 $30,000

    During 2023, Cnb Bank's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 100 $28,370,000 $283,700 $4,252 6.62%
    $100,000 or less 70 $2,910,000 $41,571 $331 7.19%
    $100k-200k 56 $8,110,000 $144,821 $2,768 6.76%
    $400k-600k 33 $16,165,000 $489,848 $4,974 6.64%
    $600k-1MM 9 $6,715,000 $746,111 $5,608 6.71%
    $1MM+ 2 $2,320,000 $1,160,000 $6,029 6.87%

    2023 saw Cnb Bank place emphasis on $200k-400k loans with 100 originations, totaling $28,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 60 $8,840,000 $147,333 $2,272 6.76%
    $100k-150k 54 $14,080,000 $260,741 $3,697 6.80%
    $75k-100k 45 $9,555,000 $212,333 $3,316 6.64%
    $150k-250k 44 $13,430,000 $305,227 $3,734 6.86%
    $250k+ 28 $13,800,000 $492,857 $3,961 6.77%
    $50k or less 27 $1,585,000 $58,704 $926 6.91%

    Cnb Bank lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $100k-150k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 65 $16,365,000 $251,769 $2,980 6.97%
    20-30% 52 $9,330,000 $179,423 $2,447 6.76%
    <20% 30 $6,070,000 $202,333 $2,489 6.73%
    39% 16 $4,440,000 $277,500 $3,634 6.84%
    42% 15 $3,585,000 $239,000 $2,222 6.95%
    38% 15 $4,105,000 $273,667 $3,752 6.70%
    40% 12 $2,670,000 $222,500 $3,274 6.45%
    37% 11 $3,695,000 $335,909 $3,931 6.67%
    36% 10 $1,780,000 $178,000 $2,871 6.65%
    41% 6 $790,000 $131,667 $1,600 6.78%
    44% 5 $1,195,000 $239,000 $5,348 6.16%
    46% 4 $990,000 $247,500 $3,180 6.52%
    48% 4 $1,630,000 $407,500 $5,540 6.56%
    47% 4 $1,200,000 $300,000 $6,458 6.72%
    >60% 3 $905,000 $301,667 $3,644 7.50%
    43% 3 $975,000 $325,000 $2,293 6.52%
    50-60% 2 $710,000 $355,000 $4,257 6.74%
    45% 2 $1,060,000 $530,000 $5,109 6.56%

    Cnb Bank lent most frequently to those with DTI ratios of 30-36%, with 65 originations. The next most common DTI ratio? 20-30%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 246 $56,070,000 $227,927 $2,959 6.80%
    Not applicable 11 $3,095,000 $281,364 $0 7.29%
    Black 5 $2,875,000 $575,000 $6,328 6.62%
    Not provided 5 $1,275,000 $255,000 $3,136 6.63%
    Asian 2 $1,110,000 $555,000 $4,700 6.72%
    American Indian 1 $165,000 $165,000 $2,595 5.43%

    Approval Rates

    Total approvals of all applications
    92.76%

    Cnb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.56%

    Cnb Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 270 $64,590,000 $239,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    270 $64,590,000 $239,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $4,055,000 $139,828 $1,971 6.89%
    40-60% 30 $7,380,000 $246,000 $3,683 6.76%
    60-80% 66 $20,640,000 $312,727 $4,015 6.82%
    80-100% 88 $29,710,000 $337,614 $4,079 6.54%
    Over 100% 2 $710,000 $355,000 $14,122 6.38%
    Under 20% 55 $2,095,000 $38,091 $94 7.20%