Cbm Mortgage Rates, Fees & Info
FRONT ROYAL, VALEI: 549300NBUJWYNN8AXN69
Tax ID: 11-3746866
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Mortgage Data
Review & Overview
Cbm Mortgage is a smaller mortgage company specializing in Home Purchase loans. Cbm Mortgage has an average proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Washington, Virginia Beach, Winchester, Charlottesville, and Hagerstown among others. We have data for 9 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 12/16/24 |
| 30 Year Conventional Refi | 6.60% | 12/16/24 |
| 30 Year Cash-out Refi | 6.91% | 12/16/24 |
| 30 Year FHA Purchase | 7.45% | 12/16/24 |
| 30 Year FHA Refi | 7.45% | 12/16/24 |
| 30 Year VA Purchase | 6.37% | 12/16/24 |
| 30 Year VA Refi | 6.72% | 12/16/24 |
| 30 Year USDA Purchase | 7.04% | 12/16/24 |
| 30 Year USDA Refi | 7.01% | 12/16/24 |
| 15 Year Conventional Purchase | 6.03% | 12/16/24 |
| 15 Year Conventional Refi | 5.80% | 12/16/24 |
| 15 Year Cash-out Refi | 5.80% | 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. | ||
Cbm Mortgage Mortgage Calculator
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This is not an official calculator from Cbm Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
437Origination Dollar Volume (All Markets)
$93,965,000Awards
CBM Mortgage - 2018
CBM Mortgage is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 161 | $36,125,000 | $224,379 | $4,477 | 4.92% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 106 | $24,690,000 | $232,925 | $7,307 | 4.83% |
| Outside of Metro Areas | 74 | $12,790,000 | $172,838 | $3,947 | 4.83% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 51 | $11,725,000 | $229,902 | $3,827 | 5.02% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 14 | $3,230,000 | $230,714 | $5,663 | 4.98% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 16 | $3,070,000 | $191,875 | $4,395 | 4.96% |
| STAUNTON, VA (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $3,226 | 4.82% |
| HARRISONBURG, VA (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $5,150 | 5.28% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,930 | 5.00% |
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.
Similarity Rank: 30
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Similarity Rank: 123
Similarity Rank: 147
Similarity Rank: 154
Similarity Rank: 228
Similarity Rank: 338
Product Mix
For 2018, Cbm Mortgage's most frequently originated type of loan was Conventional, with 138 originations. Their 2nd most popular type was FHA, with 128 originations.
Loan Reason
For 2018, Cbm Mortgage's most frequently cited loan purpose was Home Purchase, with 398 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
For 2018, Cbm Mortgage's most frequently cited loan duration was 30 Year, with 427 originations. The 2nd most popular length was 10 Year, with 4 originations.
Origination Fees/Closing Costs
Cbm Mortgage's average total fees were $5,064, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 219 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 299 | $65,845,000 | $220,217 |
| 5-6% | 114 | $25,360,000 | $222,456 |
| 3-4% | 10 | $2,040,000 | $204,000 |
| 6-7% | 3 | $665,000 | $221,667 |
| 7-8% | 3 | $15,000 | $5,000 |
During 2018, Cbm Mortgage's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 299 originations.
Loan Sizing
2018 saw Cbm Mortgage place emphasis on $200k-400k loans with 198 originations, totaling $52,410,000 in origination value.
Applicant Income
Cbm Mortgage lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $50k or less, with 116 originations.
Applicant Debt to Income Ratio
Cbm Mortgage lent most frequently to those with DTI ratios of 30-36%, with 82 originations. The next most common DTI ratio? 50-60%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.16%
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 origination87.64%
Cbm Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 437 | $93,965,000 | $215,023 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $365,000 | $73,000 |
| Single Family (1-4 Units):Site-Built | 432 | $93,600,000 | $216,667 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CBM Mortgage, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |