Cityworth Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Cityworth Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Cityworth Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Atlanta, Ocean City, Houston, and Richmond among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Cityworth Mortgage 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. Cityworth Mortgage is typically a high 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 | 6.80% | 12/16/24 |
| 30 Year Conventional Refi | 6.41% | 12/16/24 |
| 30 Year Cash-out Refi | 6.79% | 12/16/24 |
| 30 Year FHA Purchase | 7.35% | 12/16/24 |
| 30 Year FHA Refi | 6.78% | 12/16/24 |
| 30 Year VA Purchase | 6.32% | 12/16/24 |
| 30 Year VA Refi | 6.55% | 12/16/24 |
| 15 Year Conventional Purchase | 6.05% | 12/16/24 |
| 15 Year Conventional Refi | 5.99% | 12/16/24 |
| 15 Year Cash-out Refi | 5.99% | 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. | ||
Cityworth Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
101Origination Dollar Volume (All Markets)
$43,015,000Awards
CityWorth Mortgage - 2023
CityWorth Mortgage is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Cityworth Mortgage's average 30 year fixed mortgage rate was
6.32%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.17%.
Relative Fees (Closing Costs)
Cityworth Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,845.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 16 | $10,090,000 | $630,625 | $19,008 | 6.05% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $6,875,000 | $458,333 | $17,184 | 6.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $21,449 | 7.00% |
| Outside of Metro Areas | 8 | $2,680,000 | $335,000 | $15,678 | 6.41% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,735,000 | $347,000 | $16,250 | 6.15% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $15,674 | 6.79% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $19,045 | 5.59% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $19,305 | 5.92% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $9,060 | 6.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $9,501 | 6.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $15,118 | 6.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $8,970 | 6.19% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $13,264 | 6.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $12,702 | 7.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $15,722 | 5.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $11,728 | 6.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 5.75% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $18,124 | 6.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $19,373 | 5.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $28,313 | 5.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $8,829 | 7.21% |
| READING, PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $21,717 | 6.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $25,267 | 6.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 5.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $18,100 | 6.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,678 | 6.75% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,099 | 6.75% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $16,076 | 5.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,835 | 7.13% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,458 | 5.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,427 | 5.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,884 | 7.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,171 | 7.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $800 | 5.75% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,290 | 5.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,702 | 7.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,228 | 7.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,734 | 7.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,317 | 6.13% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,895 | 5.75% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,603 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against CityWorth Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 17
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 39 | $14,575,000 | $373,718 | $18,636 | 6.29% |
| VA | 34 | $14,090,000 | $414,412 | $10,434 | 6.27% |
| Conventional | 28 | $14,350,000 | $512,500 | $12,823 | 6.41% |
For 2023, Cityworth Mortgage's most frequently originated type of loan was FHA, with 39 originations. Their 2nd most popular type was VA, with 34 originations.
Loan Reason
For 2023, Cityworth Mortgage's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 100 | $42,550,000 | $425,500 | $14,845 | 6.32% |
| 20 Year | 1 | $465,000 | $465,000 | $15,451 | 6.63% |
For 2023, Cityworth Mortgage's most frequently cited loan duration was 30 Year, with 100 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
Cityworth Mortgage's average total fees were $14,845, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 65 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 44 | $21,630,000 | $491,591 |
| 5-6% | 38 | $15,930,000 | $419,211 |
| 7-8% | 17 | $4,805,000 | $282,647 |
| 4-5% | 2 | $650,000 | $325,000 |
During 2023, Cityworth Mortgage's average interest rate for loans was 6.32%, while their most frequently originated rate bucket for loans was 6-7%, with 44 originations.
Loan Sizing
2023 saw Cityworth Mortgage place emphasis on $200k-400k loans with 39 originations, totaling $12,205,000 in origination value.
Applicant Income
Cityworth Mortgage lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
Cityworth Mortgage lent most frequently to those with DTI ratios of 50-60%, with 31 originations. The next most common DTI ratio? 49%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.88%
Cityworth Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination25.74%
Cityworth Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 101 | $43,015,000 | $425,891 |