Cbm Mortgage Rates, Fees & Info

FRONT ROYAL, VA

LEI: 549300NBUJWYNN8AXN69

Tax ID: 11-3746866

3.9 stars - Updated: 11/3/24 - out of 5 stars, based on 32 reviews

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

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Mortgage Data

Review & Overview

Cbm Mortgage is a smaller mortgage company specializing in Home Purchase loans. Cbm 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: Virginia Beach, Washington, Hagerstown, Myrtle Beach, and Winchester among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cbm 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. Cbm 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 6.75% 11/3/24
30 Year Conventional Refi 6.60% 11/3/24
30 Year Cash-out Refi 6.91% 11/3/24
30 Year FHA Purchase 7.45% 11/3/24
30 Year FHA Refi 7.45% 11/3/24
30 Year VA Purchase 6.37% 11/3/24
30 Year VA Refi 6.72% 11/3/24
30 Year USDA Purchase 7.04% 11/3/24
30 Year USDA Refi 7.01% 11/3/24
15 Year Conventional Purchase 6.03% 11/3/24
15 Year Conventional Refi 5.80% 11/3/24
15 Year Cash-out Refi 5.80% 11/3/24
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.

Cbm Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cbm 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

1,054

Origination Dollar Volume (All Markets)

$310,430,000

Awards

CBM Mortgage FHA Loans bronze CBM Mortgage FHA Loans silver
Show all (2) awards

Relative Rate

Cbm Mortgage's average 30 year fixed mortgage rate was 6.6%.

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

This yields a difference of 0.12%.

Relative Fees (Closing Costs)

Cbm Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $9,835.

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
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 511 $152,275,000 $297,994 $10,266 6.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 143 $50,105,000 $350,385 $10,322 6.78%
Outside of Metro Areas 66 $16,470,000 $249,545 $8,638 6.78%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 55 $13,095,000 $238,091 $7,865 6.76%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 50 $10,780,000 $215,600 $6,898 7.20%
WINCHESTER, VA-WV (FHA|USDA|VA) 32 $10,770,000 $336,563 $10,333 6.61%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 23 $7,855,000 $341,522 $16,198 6.36%
HARRISONBURG, VA (FHA|USDA|VA) 26 $6,510,000 $250,385 $7,644 6.70%
Elizabeth City, NC (FHA|USDA|VA) 16 $4,340,000 $271,250 $8,240 6.31%
STAUNTON, VA (FHA|USDA|VA) 17 $3,805,000 $223,824 $7,509 6.91%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 12 $3,430,000 $285,833 $11,283 6.18%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $3,430,000 $428,750 $12,233 6.55%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $2,650,000 $441,667 $7,227 6.38%
Kill Devil Hills, NC (FHA|USDA|VA) 5 $2,465,000 $493,000 $8,797 6.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 9 $2,115,000 $235,000 $8,948 6.44%
RICHMOND, VA (FHA|USDA|VA) 6 $2,040,000 $340,000 $12,434 6.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 9 $1,785,000 $198,333 $6,242 7.18%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,515,000 $303,000 $11,119 6.45%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 6 $1,340,000 $223,333 $7,127 6.98%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $1,085,000 $361,667 $10,332 6.71%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $960,000 $480,000 $15,446 5.44%
LYNCHBURG, VA (FHA|USDA|VA) 4 $870,000 $217,500 $4,621 6.88%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $720,000 $360,000 $19,079 6.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $695,000 $695,000 $29,532 5.75%
ROANOKE, VA (FHA|USDA|VA) 4 $640,000 $160,000 $4,501 7.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $630,000 $315,000 $11,624 7.31%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $615,000 $615,000 $12,021 7.00%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $540,000 $270,000 $6,174 6.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $525,000 $525,000 $4,583 6.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $515,000 $171,667 $6,701 6.29%
Boone, NC (FHA|USDA|VA) 1 $515,000 $515,000 $10,798 7.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $505,000 $505,000 $13,852 5.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $490,000 $245,000 $6,004 6.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $355,000 $355,000 $5,410 7.63%
CUMBERLAND, MD-WV (FHA|USDA|VA) 3 $355,000 $118,333 $4,714 6.67%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $325,000 $325,000 $10,093 6.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,688 6.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $14,309 6.13%
SAVANNAH, GA (FHA|USDA|VA) 1 $265,000 $265,000 $6,593 7.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $9,355 5.75%
GOLDSBORO, NC (FHA|USDA|VA) 1 $255,000 $255,000 $10,254 6.50%
Lumberton, NC (FHA|USDA|VA) 1 $255,000 $255,000 $13,526 7.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,075 6.63%
Henderson, NC (FHA|USDA|VA) 1 $245,000 $245,000 $6,865 5.63%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $11,471 6.88%
OCALA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $5,748 7.50%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $5,913 5.63%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $11,072 5.50%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $165,000 $165,000 $5,567 6.50%
FLORENCE, SC (FHA|USDA|VA) 1 $125,000 $125,000 $6,907 6.13%
Laurinburg, NC (FHA|USDA|VA) 1 $85,000 $85,000 $6,137 6.00%
Cbm Mortgage's top markets include Virginia Beach, Washington, Hagerstown, Myrtle Beach, and Winchester among others.

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

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

    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 12
    DUPONT COMMUNITY
    Similarity Rank: 44
    ABNB Federal Credit Union
    Similarity Rank: 65
    Eglin Federal Credit Union
    Similarity Rank: 74
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 93
    JOHNSON MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 108
    PATRIOT
    Similarity Rank: 120
    Shea Mortgage Inc.
    Similarity Rank: 228

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 436 $113,670,000 $260,711 $6,338 6.85%
    VA 352 $122,180,000 $347,102 $12,639 6.31%
    FHA 239 $68,365,000 $286,046 $11,548 6.63%
    USDA 27 $6,215,000 $230,185 $8,616 6.49%

    For 2023, Cbm Mortgage's most frequently originated type of loan was Conventional, with 436 originations. Their 2nd most popular type was VA, with 352 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,011 $298,485,000 $295,237 $9,857 6.60%
    Cash Out Refi 23 $6,295,000 $273,696 $7,689 6.68%
    Refi 15 $4,765,000 $317,667 $8,176 6.67%
    Other 4 $750,000 $187,500 $6,230 7.47%
    Home Improvement 1 $135,000 $135,000 $0 7.75%

    For 2023, Cbm Mortgage's most frequently cited loan purpose was Home Purchase, with 1,011 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,033 $306,235,000 $296,452 $9,835 6.60%
    20 Year 15 $2,975,000 $198,333 $5,755 8.02%
    15 Year 5 $1,205,000 $241,000 $7,224 6.25%
    10 Year 1 $15,000 $15,000 $0 0.00%

    For 2023, Cbm Mortgage's most frequently cited loan duration was 30 Year, with 1,033 originations. The 2nd most popular length was 20 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 270 $103,040,000 $381,630
    $2k-3k 175 $43,675,000 $249,571
    $1k-2k 173 $45,595,000 $263,555
    $<1k 154 $36,950,000 $239,935
    $3k-4k 146 $38,580,000 $264,247
    $4k-5k 136 $42,590,000 $313,162

    Cbm Mortgage's average total fees were $9,835, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 270 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 615 $181,235,000 $294,691
    7-8% 221 $61,535,000 $278,439
    5-6% 192 $62,120,000 $323,542
    Over 8% 23 $4,615,000 $200,652
    4-5% 2 $910,000 $455,000
    <2.5% 1 $15,000 $15,000

    During 2023, Cbm Mortgage's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 6-7%, with 615 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 660 $189,850,000 $287,652 $9,661 6.61%
    $100k-200k 180 $28,950,000 $160,833 $5,862 6.73%
    $400k-600k 143 $66,575,000 $465,559 $14,868 6.45%
    $100,000 or less 38 $1,410,000 $37,105 $1,801 6.88%
    $600k-1MM 31 $21,155,000 $682,419 $17,355 6.46%
    $1MM+ 2 $2,490,000 $1,245,000 $37,661 6.06%

    2023 saw Cbm Mortgage place emphasis on $200k-400k loans with 660 originations, totaling $189,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 308 $72,740,000 $236,169 $8,512 6.55%
    $75k-100k 260 $75,290,000 $289,577 $10,387 6.55%
    $100k-150k 244 $79,830,000 $327,172 $10,377 6.65%
    $150k-250k 134 $56,550,000 $422,015 $11,977 6.79%
    $50k or less 73 $12,065,000 $165,274 $6,381 6.45%
    $250k+ 34 $13,710,000 $403,235 $11,464 7.03%

    Cbm Mortgage lent most frequently to those with incomes in the $50k-75k range, with 308 originations. The second most popular income band? $75k-100k, with 260 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 165 $57,495,000 $348,455 $13,153 6.34%
    30-36% 149 $41,815,000 $280,638 $8,213 6.78%
    20-30% 109 $26,955,000 $247,294 $7,291 6.68%
    37% 56 $17,110,000 $305,536 $9,568 6.59%
    40% 51 $15,605,000 $305,980 $8,435 6.82%
    47% 49 $14,565,000 $297,245 $11,146 6.57%
    46% 48 $14,310,000 $298,125 $9,908 6.55%
    45% 46 $12,770,000 $277,609 $8,908 6.64%
    41% 45 $12,695,000 $282,111 $9,813 6.64%
    48% 45 $13,625,000 $302,778 $10,804 6.68%
    49% 43 $12,425,000 $288,953 $9,241 6.64%
    43% 43 $11,735,000 $272,907 $9,367 6.69%
    39% 42 $11,950,000 $284,524 $9,354 6.67%
    42% 37 $10,715,000 $289,595 $9,867 6.78%
    38% 36 $10,810,000 $300,278 $9,968 6.58%
    44% 34 $11,140,000 $327,647 $9,304 6.49%
    36% 31 $9,555,000 $308,226 $10,303 6.60%
    <20% 19 $2,995,000 $157,632 $4,358 6.53%
    >60% 6 $2,160,000 $360,000 $18,277 6.00%

    Cbm Mortgage lent most frequently to those with DTI ratios of 50-60%, with 165 originations. The next most common DTI ratio? 30-36%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 689 $202,925,000 $294,521 $9,617 6.61%
    Black 194 $55,540,000 $286,289 $9,567 6.70%
    Not provided 135 $41,375,000 $306,481 $10,789 6.44%
    Asian 21 $6,405,000 $305,000 $10,170 6.74%
    American Indian 9 $2,615,000 $290,556 $10,340 6.67%
    Filipino 4 $1,090,000 $272,500 $10,296 6.56%
    Other Pacific Islander 1 $275,000 $275,000 $11,053 6.63%
    Asian Indian 1 $205,000 $205,000 $0 8.13%

    Approval Rates

    Total approvals of all applications
    97.08%

    Cbm 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
    80.27%

    Cbm Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,054 $310,430,000 $294,526

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,054 $310,430,000 $294,526

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,870,000 $159,444 $5,030 6.28%
    40-60% 38 $7,740,000 $203,684 $5,397 6.66%
    60-80% 135 $36,475,000 $270,185 $7,568 6.93%
    80-100% 666 $201,070,000 $301,907 $9,288 6.64%
    Over 100% 170 $61,650,000 $362,647 $16,017 6.26%
    Under 20% 27 $625,000 $23,148 $721 6.66%