Cityworth Mortgage Rates, Fees & Info

FAIRFAX, VA

LEI: 549300FCPKXI75DX5M03

Tax ID: 45-5349650

1 stars - Updated: 3/3/24 - out of 5 stars, based on 17 reviews

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

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Mortgage Data

Review & Overview

Cityworth Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cityworth Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Atlanta, Richmond, Virginia Beach, and Baltimore among others. We have data for 82 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 about average 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% 3/3/24
30 Year Conventional Refi 6.41% 3/3/24
30 Year Cash-out Refi 6.79% 3/3/24
30 Year FHA Purchase 7.35% 3/3/24
30 Year FHA Refi 6.78% 3/3/24
30 Year VA Purchase 6.32% 3/3/24
30 Year VA Refi 6.55% 3/3/24
15 Year Conventional Purchase 6.05% 3/3/24
15 Year Conventional Refi 5.99% 3/3/24
15 Year Cash-out Refi 5.99% 3/3/24
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






Your Estimates

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

This is not an official calculator from Cityworth Mortgage. 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

279

Origination Dollar Volume (All Markets)

$91,425,000

Awards

CityWorth Mortgage 30 Year Conventional Loans silver CityWorth Mortgage 30 Year Conventional Loans silver CityWorth Mortgage 30 Year Conventional Loans bronze CityWorth Mortgage 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Cityworth Mortgage's average 30 year fixed mortgage rate was 4.63%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.13%.

Relative Fees (Closing Costs)

Cityworth Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $11,576.

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 $4,750.

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) 52 $23,630,000 $454,423 $13,609 4.41%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 24 $8,330,000 $347,083 $12,309 4.96%
Outside of Metro Areas 20 $5,640,000 $282,000 $9,176 4.75%
RICHMOND, VA (FHA|USDA|VA) 16 $4,490,000 $280,625 $9,815 4.91%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 13 $4,215,000 $324,231 $12,015 5.27%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $3,120,000 $520,000 $23,213 4.60%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $2,515,000 $279,444 $11,575 4.58%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $2,320,000 $386,667 $10,717 4.44%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,930,000 $482,500 $24,474 3.69%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $1,765,000 $252,143 $9,389 4.39%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,765,000 $353,000 $10,194 4.23%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,520,000 $380,000 $11,159 4.19%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,510,000 $377,500 $15,221 4.16%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,405,000 $281,000 $8,843 4.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,390,000 $347,500 $13,709 4.59%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,185,000 $395,000 $8,818 3.58%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $16,608 3.92%
PITTSBURGH, PA (FHA|USDA|VA) 4 $900,000 $225,000 $11,199 5.28%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $820,000 $205,000 $11,072 4.41%
ROANOKE, VA (FHA|USDA|VA) 2 $730,000 $365,000 $10,736 4.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $685,000 $228,333 $9,408 3.33%
Morehead City, NC (FHA|USDA|VA) 2 $680,000 $340,000 $2,226 4.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $675,000 $225,000 $8,215 4.67%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $650,000 $325,000 $11,236 4.13%
ALBANY, GA (FHA|USDA|VA) 2 $640,000 $320,000 $6,744 4.31%
SAVANNAH, GA (FHA|USDA|VA) 2 $640,000 $320,000 $17,358 5.38%
GREENVILLE, NC (FHA|USDA|VA) 2 $620,000 $310,000 $6,666 3.69%
Martin, TN (FHA|USDA|VA) 1 $585,000 $585,000 $14,658 5.13%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $570,000 $285,000 $2,886 4.19%
Lake City, FL (FHA|USDA|VA) 2 $570,000 $285,000 $12,045 5.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $550,000 $275,000 $8,287 3.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $520,000 $260,000 $15,085 4.19%
HINESVILLE, GA (FHA|USDA|VA) 2 $520,000 $260,000 $10,433 4.19%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $485,000 $485,000 $6,678 3.88%
LYNCHBURG, VA (FHA|USDA|VA) 2 $480,000 $240,000 $10,266 4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $460,000 $230,000 $11,596 4.31%
COLUMBIA, SC (FHA|USDA|VA) 3 $455,000 $151,667 $7,141 4.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $440,000 $220,000 $7,435 3.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $430,000 $215,000 $8,785 5.19%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $425,000 $425,000 $22,957 3.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $385,000 $385,000 $10,545 5.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $375,000 $375,000 $11,345 5.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $4,451 3.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $8,434 4.75%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $365,000 $365,000 $16,545 6.75%
OCALA, FL (FHA|USDA|VA) 2 $360,000 $180,000 $10,155 6.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $355,000 $355,000 $16,598 4.63%
Toccoa, GA (FHA|USDA|VA) 1 $355,000 $355,000 $14,825 6.25%
Bainbridge, GA (FHA|USDA|VA) 1 $335,000 $335,000 $14,272 3.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $14,263 4.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $320,000 $160,000 $7,399 4.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.38%
MIDLAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $14,567 4.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $11,144 4.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $265,000 $265,000 $10,311 3.75%
Kingsville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.50%
Georgetown, SC (FHA|USDA|VA) 1 $255,000 $255,000 $7,714 2.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,240 2.88%
Urbana, OH (FHA|USDA|VA) 1 $245,000 $245,000 $10,989 6.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $4,216 2.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $235,000 $235,000 $13,717 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $235,000 $235,000 $10,665 6.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,758 4.63%
Statesboro, GA (FHA|USDA|VA) 1 $225,000 $225,000 $12,196 5.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $215,000 $215,000 $725 4.00%
St. Marys, GA (FHA|USDA|VA) 1 $205,000 $205,000 $8,724 5.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,498 5.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $165,000 $165,000 $8,600 3.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $165,000 $165,000 $9,095 3.88%
BURLINGTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,257 4.25%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $9,567 4.75%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,483 4.25%
BRUNSWICK, GA (FHA|USDA|VA) 1 $155,000 $155,000 $8,158 8.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,047 3.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $145,000 $145,000 $8,225 5.63%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,626 3.75%
STAUNTON, VA (FHA|USDA|VA) 1 $115,000 $115,000 $7,879 4.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $95,000 $95,000 $5,885 6.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $5,726 3.38%
Lewistown, PA (FHA|USDA|VA) 1 $85,000 $85,000 $7,067 5.88%
Cityworth Mortgage's top markets include Washington, Atlanta, Richmond, Virginia Beach, and Baltimore among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $36,905,000 $344,907 $9,888 4.55%
    VA 88 $30,300,000 $344,318 $11,887 4.46%
    FHA 83 $23,975,000 $288,855 $13,214 4.77%
    USDA 1 $245,000 $245,000 $3,034 2.75%

    For 2022, Cityworth Mortgage's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was VA, with 88 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $60,495,000 $345,686 $11,954 4.82%
    Cash Out Refi 85 $24,765,000 $291,353 $11,579 4.34%
    Refi 19 $6,165,000 $324,474 $6,892 3.49%

    For 2022, Cityworth Mortgage's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Cash Out Refi, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 263 $86,075,000 $327,281 $11,576 4.63%
    15 Year 10 $2,640,000 $264,000 $6,644 3.46%
    20 Year 3 $435,000 $145,000 $4,326 3.63%
    Other 2 $1,000,000 $500,000 $4,407 4.00%
    30+ year 1 $1,275,000 $1,275,000 $67,179 6.00%

    For 2022, Cityworth Mortgage's most frequently cited loan duration was 30 Year, with 263 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 125 $45,445,000 $363,560
    $1k-2k 38 $12,040,000 $316,842
    $3k-4k 31 $8,495,000 $274,032
    $4k-5k 27 $7,035,000 $260,556
    $2k-3k 18 $4,630,000 $257,222
    $<1k 8 $2,350,000 $293,750

    Cityworth Mortgage's average total fees were $11,576, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 125 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 84 $29,170,000 $347,262
    4-5% 76 $23,100,000 $303,947
    5-6% 68 $22,210,000 $326,618
    6-7% 25 $8,485,000 $339,400
    2.5-3% 19 $6,215,000 $327,105
    <2.5% 4 $1,640,000 $410,000
    7-8% 2 $450,000 $225,000
    Over 8% 1 $155,000 $155,000

    During 2022, Cityworth Mortgage's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 3-4%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 154 $44,970,000 $292,013 $10,562 4.60%
    $400k-600k 56 $26,960,000 $481,429 $15,601 4.55%
    $100k-200k 45 $7,165,000 $159,222 $8,092 4.62%
    $600k-1MM 15 $10,325,000 $688,333 $15,191 4.14%
    $100,000 or less 8 $730,000 $91,250 $5,751 4.75%
    $1MM+ 1 $1,275,000 $1,275,000 $67,179 6.00%

    2022 saw Cityworth Mortgage place emphasis on $200k-400k loans with 154 originations, totaling $44,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 76 $19,130,000 $251,711 $9,579 4.41%
    $100k-150k 70 $24,290,000 $347,000 $11,505 4.70%
    $75k-100k 61 $20,705,000 $339,426 $13,359 4.66%
    $150k-250k 36 $17,200,000 $477,778 $12,772 4.61%
    $50k or less 26 $4,500,000 $173,077 $9,058 4.59%
    $250k+ 10 $5,600,000 $560,000 $15,394 4.44%

    Cityworth Mortgage lent most frequently to those with incomes in the $50k-75k range, with 76 originations. The second most popular income band? $100k-150k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 43 $14,455,000 $336,163 $14,681 4.78%
    20-30% 26 $8,500,000 $326,923 $9,800 4.47%
    30-36% 24 $8,420,000 $350,833 $13,330 4.35%
    49% 19 $6,695,000 $352,368 $14,359 4.55%
    48% 19 $5,845,000 $307,632 $8,772 4.29%
    39% 15 $4,705,000 $313,667 $10,912 4.58%
    41% 14 $4,400,000 $314,286 $11,177 4.94%
    44% 14 $5,980,000 $427,143 $10,948 4.73%
    42% 13 $4,375,000 $336,538 $11,271 4.25%
    <20% 12 $3,820,000 $318,333 $8,032 4.44%
    45% 12 $3,160,000 $263,333 $9,190 4.49%
    43% 11 $3,505,000 $318,636 $9,888 5.25%
    40% 10 $3,150,000 $315,000 $10,997 4.20%
    37% 10 $3,040,000 $304,000 $9,529 4.68%
    47% 9 $3,075,000 $341,667 $12,858 3.78%
    46% 9 $2,555,000 $283,889 $13,396 4.94%
    36% 8 $2,380,000 $297,500 $11,425 4.81%
    38% 6 $2,030,000 $338,333 $9,283 4.50%
    >60% 1 $235,000 $235,000 $10,665 6.75%

    Cityworth Mortgage lent most frequently to those with DTI ratios of 50-60%, with 43 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $41,995,000 $325,543 $10,644 4.54%
    Black 92 $28,540,000 $310,217 $11,773 4.67%
    Not provided 45 $16,375,000 $363,889 $13,606 4.61%
    Asian 6 $2,250,000 $375,000 $9,246 4.42%
    Asian Indian 5 $1,905,000 $381,000 $13,619 3.78%
    American Indian 1 $265,000 $265,000 $13,026 3.38%
    Other Asian 1 $95,000 $95,000 $5,885 6.00%

    Approval Rates

    Total approvals of all applications
    98.50%

    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 origination
    12.90%

    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
    11322.88 1 $305,000 $305,000
    NA 278 $91,120,000 $327,770

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    279 $91,425,000 $327,688

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $795,000 $265,000 $11,252 4.17%
    40-60% 14 $3,650,000 $260,714 $6,648 4.04%
    60-80% 59 $18,355,000 $311,102 $10,567 4.65%
    80-100% 193 $64,575,000 $334,585 $11,877 4.56%
    Over 100% 10 $4,050,000 $405,000 $16,312 5.41%