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

Charleston, WV

LEI: 549300KJZ82173UB3I21

Tax ID: 55-0399323

5 stars - Updated: 5/20/24 - out of 5 stars, based on 56 reviews

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

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Mortgage Data

Review & Overview

City National Bank Of West Virginia is a smaller bank specializing in Home Purchase loans. City National Bank Of West Virginia has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Charleston, Hagerstown, Lexington, and Beckley among others. We have data for 44 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 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 6.49% 5/20/24
30 Year Conventional Refi 6.93% 5/20/24
15 Year Conventional Purchase 5.81% 5/20/24
15 Year Conventional Refi 6.00% 5/20/24
15 Year Cash-out Refi 6.00% 5/20/24
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.

City National Bank Of West Virginia Mortgage Calculator






Your Estimates

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

This is not an official calculator from City National Bank Of West Virginia. 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

3,118

Origination Dollar Volume (All Markets)

$396,400,000
Show all (25) awards

Relative Rate

City National Bank Of West Virginia's average 30 year fixed mortgage rate was 5.41%.

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

This yields a difference of -1.07%.

Relative Fees (Closing Costs)

City National Bank Of West Virginia's average total fees/closing costs for a 30 year fixed rate mortgage were $1,338.

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
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 730 $80,660,000 $110,493 $843 5.80%
Outside of Metro Areas 433 $47,725,000 $110,219 $823 5.93%
CHARLESTON, WV (FHA|USDA|VA) 445 $47,505,000 $106,753 $886 5.90%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 294 $39,690,000 $135,000 $890 5.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 196 $39,120,000 $199,592 $1,006 6.00%
BECKLEY, WV (FHA|USDA|VA) 286 $27,570,000 $96,399 $585 6.05%
STAUNTON, VA (FHA|USDA|VA) 166 $24,280,000 $146,265 $1,041 5.51%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 151 $19,555,000 $129,503 $681 5.59%
Clarksburg, WV (FHA|USDA|VA) 61 $9,445,000 $154,836 $1,301 5.64%
MORGANTOWN, WV (FHA|USDA|VA) 40 $8,800,000 $220,000 $1,812 5.67%
WINCHESTER, VA-WV (FHA|USDA|VA) 52 $6,880,000 $132,308 $759 5.91%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 17 $5,185,000 $305,000 $1,048 6.74%
Fairmont, WV (FHA|USDA|VA) 28 $5,020,000 $179,286 $1,762 5.56%
Frankfort, KY (FHA|USDA|VA) 26 $4,860,000 $186,923 $1,674 6.43%
COLUMBUS, OH (FHA|USDA|VA) 18 $4,650,000 $258,333 $2,725 5.42%
Bluefield, WV-VA (FHA|USDA|VA) 32 $4,180,000 $130,625 $1,243 6.19%
Point Pleasant, WV-OH (FHA|USDA|VA) 55 $3,035,000 $55,182 $387 6.09%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $2,950,000 $737,500 $0 6.71%
Mount Sterling, KY (FHA|USDA|VA) 19 $2,395,000 $126,053 $1,795 4.36%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 6 $1,720,000 $286,667 $3,534 6.71%
Portsmouth, OH (FHA|USDA|VA) 12 $1,710,000 $142,500 $563 5.08%
HARRISONBURG, VA (FHA|USDA|VA) 7 $1,305,000 $186,429 $1,469 6.56%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 8 $1,090,000 $136,250 $1,368 5.40%
Richmond-Berea, KY (FHA|USDA|VA) 4 $1,080,000 $270,000 $1,466 6.19%
ROANOKE, VA (FHA|USDA|VA) 2 $940,000 $470,000 $3,998 6.30%
Somerset, KY (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $525,000 $525,000 $0 7.05%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $470,000 $235,000 $0 7.03%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $445,000 $445,000 $0 7.00%
Elkins, WV (FHA|USDA|VA) 2 $430,000 $215,000 $1,272 6.30%
RICHMOND, VA (FHA|USDA|VA) 2 $400,000 $200,000 $0 6.43%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $370,000 $185,000 $0 7.17%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.15%
Jackson, OH (FHA|USDA|VA) 2 $270,000 $135,000 $150 6.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $270,000 $135,000 $0 7.53%
Chillicothe, OH (FHA|USDA|VA) 1 $245,000 $245,000 $2,350 6.15%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.25%
OWENSBORO, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.95%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 2 $90,000 $45,000 $0 1.99%
WHEELING, WV-OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,614 6.00%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.99%
Danville, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.50%
Maysville, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.25%
City National Bank Of West Virginia's top markets include Huntington, Charleston, Hagerstown, Lexington, 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: 15
    FAIRMONT
    Similarity Rank: 30
    DUPONT COMMUNITY
    Similarity Rank: 33
    DESCO
    Similarity Rank: 108
    PATRIOT
    Similarity Rank: 120
    The Ohio Valley Bank Company
    Similarity Rank: 150
    Whitaker Bank
    Similarity Rank: 153
    Shea Mortgage Inc.
    Similarity Rank: 228

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,248 $321,340,000 $142,945 $891 6.36%
    HELOC 870 $75,060,000 $86,276 n/a 4.52%

    For 2023, City National Bank Of West Virginia's most frequently originated type of loan was Conventional, with 2,248 originations. Their 2nd most popular type was HELOC, with 870 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 965 $223,995,000 $232,119 $1,912 6.28%
    Home Improvement 762 $47,770,000 $62,690 $157 4.91%
    Refi 746 $78,900,000 $105,764 $342 6.62%
    Other 645 $45,735,000 $70,907 $161 5.40%

    For 2023, City National Bank Of West Virginia's most frequently cited loan purpose was Home Purchase, with 965 originations. The 2nd most popular reason was Home Improvement, with 762 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,972 $283,120,000 $143,570 $1,338 5.41%
    10 Year 531 $22,445,000 $42,269 $173 6.40%
    20 Year 268 $30,990,000 $115,634 $535 6.70%
    Other 153 $33,385,000 $218,203 $152 7.18%
    5 Year 81 $5,015,000 $61,914 $157 6.42%
    15 Year 57 $4,045,000 $70,965 $616 6.17%
    1 Year 49 $16,495,000 $336,633 $0 7.22%
    3 Year 5 $255,000 $51,000 $163 6.26%
    30+ year 2 $650,000 $325,000 $5,519 6.73%

    For 2023, City National Bank Of West Virginia's most frequently cited loan duration was 30 Year, with 1,972 originations. The 2nd most popular length was 10 Year, with 531 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,552 $173,440,000 $111,753
    $1k-2k 19 $2,945,000 $155,000
    $2k-3k 12 $2,890,000 $240,833
    $5k+ 2 $510,000 $255,000
    $3k-4k 1 $315,000 $315,000
    $4k-5k 1 $375,000 $375,000

    City National Bank Of West Virginia's average total fees were $1,338, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,552 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,450 $189,000,000 $130,345
    5-6% 596 $105,130,000 $176,393
    2.5-3% 518 $38,820,000 $74,942
    7-8% 280 $35,670,000 $127,393
    Over 8% 175 $20,155,000 $115,171
    <2.5% 95 $6,975,000 $73,421
    4-5% 2 $530,000 $265,000
    3-4% 1 $105,000 $105,000

    During 2023, City National Bank Of West Virginia's average interest rate for loans was 5.41%, while their most frequently originated rate bucket for loans was 6-7%, with 1,450 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,781 $85,205,000 $47,841 $329 5.67%
    $100k-200k 706 $100,050,000 $141,714 $1,165 5.98%
    $200k-400k 506 $139,160,000 $275,020 $1,921 6.13%
    $400k-600k 90 $41,360,000 $459,556 $2,075 6.42%
    $600k-1MM 27 $18,825,000 $697,222 $2,276 6.33%
    $1MM+ 8 $11,800,000 $1,475,000 $0 6.73%

    2023 saw City National Bank Of West Virginia place emphasis on $100,000 or less loans with 1,781 originations, totaling $85,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 688 $58,440,000 $84,942 $820 5.74%
    $100k-150k 621 $83,785,000 $134,919 $993 5.67%
    $75k-100k 549 $59,505,000 $108,388 $891 5.77%
    $50k or less 483 $26,475,000 $54,814 $567 5.77%
    $150k-250k 387 $68,635,000 $177,351 $1,146 5.71%
    $250k+ 151 $44,735,000 $296,258 $1,580 6.16%

    City National Bank Of West Virginia lent most frequently to those with incomes in the $50k-75k range, with 688 originations. The second most popular income band? $100k-150k, with 621 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 714 $74,390,000 $104,188 $865 5.75%
    30-36% 516 $64,380,000 $124,767 $997 5.81%
    <20% 433 $45,075,000 $104,099 $652 6.21%
    49% 163 $18,185,000 $111,564 $687 4.92%
    39% 93 $13,075,000 $140,591 $1,069 5.72%
    41% 89 $11,555,000 $129,831 $754 5.72%
    36% 88 $12,560,000 $142,727 $1,211 5.61%
    40% 88 $10,020,000 $113,864 $870 5.35%
    44% 86 $10,490,000 $121,977 $830 5.75%
    43% 82 $9,780,000 $119,268 $833 5.44%
    42% 75 $10,485,000 $139,800 $1,062 5.68%
    38% 75 $10,205,000 $136,067 $1,118 5.74%
    37% 70 $8,060,000 $115,143 $1,055 6.13%
    46% 63 $10,205,000 $161,984 $1,050 5.93%
    48% 62 $8,580,000 $138,387 $684 5.33%
    45% 59 $8,935,000 $151,441 $1,077 5.60%
    47% 56 $9,700,000 $173,214 $1,134 5.56%
    >60% 21 $1,855,000 $88,333 $154 5.72%
    50-60% 18 $2,620,000 $145,556 $773 6.53%

    City National Bank Of West Virginia lent most frequently to those with DTI ratios of 20-30%, with 714 originations. The next most common DTI ratio? 30-36%, with 516 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,571 $297,265,000 $115,622 $870 5.75%
    Not applicable 211 $52,355,000 $248,128 $0 7.15%
    Not provided 243 $31,185,000 $128,333 $884 5.78%
    Black 54 $6,530,000 $120,926 $1,061 5.90%
    Asian Indian 9 $3,405,000 $378,333 $2,395 6.34%
    Asian 17 $3,275,000 $192,647 $2,164 5.24%
    American Indian 6 $1,440,000 $240,000 $1,451 6.22%
    Other Asian 3 $685,000 $228,333 $1,758 6.57%
    Native Hawaiian or Islander 2 $170,000 $85,000 $1,891 4.77%
    Vietnamese 1 $55,000 $55,000 $0 2.99%
    1 $35,000 $35,000 $150 6.50%

    Approval Rates

    Total approvals of all applications
    73.74%

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

    Pick Rate

    Approvals leading to origination
    77.04%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,118 $396,400,000 $127,133

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,118 $396,400,000 $127,133

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 722 $57,470,000 $79,598 $265 5.61%
    40-60% 354 $47,000,000 $132,768 $630 6.07%
    60-80% 444 $89,990,000 $202,680 $1,325 6.48%
    80-100% 672 $161,830,000 $240,818 $1,849 6.13%
    Over 100% 5 $715,000 $143,000 $736 6.51%
    Under 20% 918 $37,320,000 $40,654 $169 5.42%