City National Bank Of West Virginia Mortgage Rates, Fees & Info

Charleston, WV

LEI: 549300KJZ82173UB3I21

Tax ID: 55-0399323

5 stars - out of 5 stars, based on 58 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    City National Bank Of West Virginia is a smaller bank specializing in Home Purchase and Refi loans. City National Bank Of West Virginia has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Charleston, Hagerstown, Washington, and Beckley among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

    City National Bank Of West Virginia has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. City National Bank Of West Virginia 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 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
    Home Equity Line of Credit (HELOC) 6.27% 3/27/23
    30 Year Conventional Purchase 6.49% 3/27/23
    30 Year Conventional Refi 6.93% 3/27/23
    15 Year Conventional Purchase 5.81% 3/27/23
    15 Year Conventional Refi 6.00% 3/27/23
    15 Year Cash-out Refi 6.00% 3/27/23
    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.


    Originations

    3,337

    Origination Dollar Volume (All Markets)

    $477,955,000
    Show all (13) awards

    Relative Rate

    City National Bank Of West Virginia's average 30 year fixed mortgage rate was 3.65%.

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

    This yields a difference of -1.11%.

    Relative Fees (Closing Costs)

    City National Bank Of West Virginia's average total fees/closing costs for a 30 year fixed rate mortgage were $1,502.

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 890 $108,510,000 $121,921 $1,035 3.89%
    Outside of Metro Areas 490 $61,920,000 $126,367 $1,232 4.07%
    CHARLESTON, WV (FHA|USDA|VA) 522 $57,180,000 $109,540 $1,113 4.01%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 297 $45,705,000 $153,889 $1,399 3.74%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 167 $31,645,000 $189,491 $1,530 3.82%
    BECKLEY, WV (FHA|USDA|VA) 278 $28,250,000 $101,619 $924 4.22%
    STAUNTON, VA (FHA|USDA|VA) 161 $27,635,000 $171,646 $1,299 3.97%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 99 $19,505,000 $197,020 $1,631 3.83%
    Clarksburg, WV (FHA|USDA|VA) 83 $17,065,000 $205,602 $1,758 4.05%
    MORGANTOWN, WV (FHA|USDA|VA) 53 $15,705,000 $296,321 $1,858 4.21%
    COLUMBUS, OH (FHA|USDA|VA) 10 $13,300,000 $1,330,000 $1,648 3.34%
    WINCHESTER, VA-WV (FHA|USDA|VA) 68 $11,330,000 $166,618 $1,660 3.53%
    Point Pleasant, WV-OH (FHA|USDA|VA) 64 $9,770,000 $152,656 $345 4.32%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 32 $8,780,000 $274,375 $0 5.28%
    Fairmont, WV (FHA|USDA|VA) 40 $7,790,000 $194,750 $1,849 4.14%
    Bluefield, WV-VA (FHA|USDA|VA) 31 $3,715,000 $119,839 $848 4.41%
    Portsmouth, OH (FHA|USDA|VA) 10 $1,580,000 $158,000 $1,702 3.97%
    Mount Sterling, KY (FHA|USDA|VA) 5 $1,015,000 $203,000 $3,892 2.77%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 6 $990,000 $165,000 $2,118 3.10%
    Richmond-Berea, KY (FHA|USDA|VA) 3 $945,000 $315,000 $2,802 3.37%
    Sevierville, TN (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $575,000 $191,667 $0 4.92%
    Elkins, WV (FHA|USDA|VA) 4 $540,000 $135,000 $1,295 3.51%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $510,000 $255,000 $2,390 3.98%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.13%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 2 $360,000 $180,000 $1,149 4.50%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $325,000 $108,333 $1,955 3.60%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.95%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $200,000 $100,000 $2,021 4.23%
    Frankfort, KY (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.75%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $165,000 $165,000 $1,573 4.65%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $1,390 4.40%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,196 4.95%
    Athens, OH (FHA|USDA|VA) 1 $85,000 $85,000 $150 5.15%
    Maysville, KY (FHA|USDA|VA) 2 $70,000 $35,000 $0 3.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.00%
    City National Bank Of West Virginia's top markets include Huntington, Charleston, Hagerstown, Washington, and Beckley among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

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

    Huntington Federal Savings Bank
    Similarity Rank: 12
    FAIRMONT
    Similarity Rank: 27
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 154
    New Peoples Bank, Inc.
    Similarity Rank: 176
    DUPONT COMMUNITY
    Similarity Rank: 231
    PATRIOT
    Similarity Rank: 266
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 280
    Peoples Exchange Bank
    Similarity Rank: 324
    COMMONWEALTH
    Similarity Rank: 375
    DESCO
    Similarity Rank: 448

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,245 $371,765,000 $165,597 $1,205 4.50%
    HELOC 1,092 $106,190,000 $97,244 n/a 2.91%

    For 2022, City National Bank Of West Virginia's most frequently originated type of loan was Conventional, with 2,245 originations. Their 2nd most popular type was HELOC, with 1,092 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,087 $248,795,000 $228,882 $1,875 4.42%
    Refi 935 $132,885,000 $142,123 $985 4.43%
    Home Improvement 791 $52,095,000 $65,860 $150 3.11%
    Other 523 $44,065,000 $84,254 $150 3.55%
    Cash Out Refi 1 $115,000 $115,000 $0 4.38%

    For 2022, City National Bank Of West Virginia's most frequently cited loan purpose was Home Purchase, with 1,087 originations. The 2nd most popular reason was Refi, with 935 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,304 $328,670,000 $142,652 $1,502 3.65%
    10 Year 371 $22,625,000 $60,984 $154 4.77%
    20 Year 304 $40,430,000 $132,993 $813 4.79%
    Other 150 $50,500,000 $336,667 $284 4.96%
    15 Year 90 $12,740,000 $141,556 $1,909 3.85%
    5 Year 64 $3,650,000 $57,031 $150 4.81%
    30+ year 28 $11,570,000 $413,214 $5,671 4.12%
    1 Year 25 $7,755,000 $310,200 $0 4.89%
    3 Year 1 $15,000 $15,000 $150 5.10%

    For 2022, City National Bank Of West Virginia's most frequently cited loan duration was 30 Year, with 2,304 originations. The 2nd most popular length was 10 Year, with 371 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,436 $194,750,000 $135,620
    $1k-2k 53 $9,915,000 $187,075
    $2k-3k 45 $15,105,000 $335,667
    $3k-4k 7 $1,705,000 $243,571
    $5k+ 4 $1,610,000 $402,500
    $4k-5k 1 $195,000 $195,000

    City National Bank Of West Virginia's average total fees were $1,502, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,436 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 967 $174,205,000 $180,150
    3-4% 811 $134,305,000 $165,604
    <2.5% 788 $59,920,000 $76,041
    5-6% 519 $81,315,000 $156,676
    6-7% 189 $19,885,000 $105,212
    2.5-3% 38 $6,410,000 $168,684
    7-8% 22 $1,730,000 $78,636
    Over 8% 3 $185,000 $61,667

    During 2022, City National Bank Of West Virginia's average interest rate for loans was 3.65%, while their most frequently originated rate bucket for loans was 4-5%, with 967 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,677 $84,705,000 $50,510 $507 3.79%
    $100k-200k 898 $127,120,000 $141,559 $1,343 4.08%
    $200k-400k 615 $164,515,000 $267,504 $1,933 4.26%
    $400k-600k 98 $46,190,000 $471,327 $2,604 4.28%
    $600k-1MM 37 $26,115,000 $705,811 $2,960 4.53%
    $1MM+ 12 $29,310,000 $2,442,500 $5,367 4.45%

    2022 saw City National Bank Of West Virginia place emphasis on $100,000 or less loans with 1,677 originations, totaling $84,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 728 $73,130,000 $100,453 $1,096 3.94%
    $100k-150k 652 $98,600,000 $151,227 $1,378 3.82%
    $50k or less 587 $40,195,000 $68,475 $896 4.13%
    $75k-100k 581 $76,925,000 $132,401 $1,275 3.88%
    $150k-250k 398 $71,640,000 $180,000 $1,520 3.73%
    $250k+ 176 $47,760,000 $271,364 $1,686 4.11%

    City National Bank Of West Virginia lent most frequently to those with incomes in the $50k-75k range, with 728 originations. The second most popular income band? $100k-150k, with 652 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 814 $99,570,000 $122,322 $1,226 3.92%
    30-36% 546 $77,670,000 $142,253 $1,342 3.88%
    <20% 514 $57,980,000 $112,802 $1,005 4.12%
    49% 163 $17,765,000 $108,988 $816 3.30%
    36% 94 $14,900,000 $158,511 $1,433 3.72%
    38% 94 $13,590,000 $144,574 $1,594 3.85%
    39% 90 $11,480,000 $127,556 $1,060 4.18%
    37% 84 $11,890,000 $141,548 $1,387 3.91%
    47% 83 $12,915,000 $155,602 $1,358 3.84%
    40% 82 $12,940,000 $157,805 $1,239 3.88%
    44% 79 $13,445,000 $170,190 $1,690 3.92%
    45% 75 $9,875,000 $131,667 $1,085 3.77%
    48% 75 $10,315,000 $137,533 $980 3.80%
    46% 74 $9,740,000 $131,622 $1,172 3.98%
    43% 68 $10,060,000 $147,941 $889 4.28%
    42% 67 $6,925,000 $103,358 $1,145 3.75%
    41% 67 $9,545,000 $142,463 $1,155 3.96%
    50-60% 20 $2,810,000 $140,500 $688 4.43%
    >60% 19 $2,575,000 $135,526 $344 4.11%

    City National Bank Of West Virginia lent most frequently to those with DTI ratios of 20-30%, with 814 originations. The next most common DTI ratio? 30-36%, with 546 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,846 $367,180,000 $129,016 $1,202 3.93%
    Not applicable 177 $66,915,000 $378,051 $0 5.02%
    Not provided 245 $32,215,000 $131,490 $1,062 3.80%
    Black 33 $4,475,000 $135,606 $1,533 3.86%
    Asian 16 $3,630,000 $226,875 $2,285 4.31%
    American Indian 4 $1,120,000 $280,000 $1,496 4.36%
    Chinese 3 $755,000 $251,667 $1,760 4.18%
    Asian Indian 3 $675,000 $225,000 $1,969 4.32%
    Filipino 4 $420,000 $105,000 $1,100 2.97%
    Native Hawaiian or Islander 2 $190,000 $95,000 $504 4.38%
    Vietnamese 1 $185,000 $185,000 $0 1.99%
    Other Pacific Islander 2 $110,000 $55,000 $1,293 4.24%
    Other Asian 1 $85,000 $85,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    77.85%

    City National Bank Of West Virginia has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.48%

    City National Bank Of West Virginia has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,337 $477,955,000 $143,229

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,337 $477,955,000 $143,229

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 671 $52,495,000 $78,234 $336 3.53%
    40-60% 386 $47,780,000 $123,782 $916 4.26%
    60-80% 603 $120,265,000 $199,444 $1,622 4.40%
    80-100% 926 $216,600,000 $233,909 $1,713 4.28%
    Over 100% 6 $9,390,000 $1,565,000 $150 5.00%
    Under 20% 736 $29,820,000 $40,516 $192 3.49%