Cbm Mortgage Rates, Fees & Info

FRONT ROYAL, VA

LEI: 549300NBUJWYNN8AXN69

Tax ID: 11-3746866

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

Jump to:

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. Their top markets by origination volume include: Washington, Virginia Beach, Winchester, Charlottesville, and Hagerstown among others. We have data for 16 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.

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% 3/28/24
30 Year Conventional Refi 6.60% 3/28/24
30 Year Cash-out Refi 6.91% 3/28/24
30 Year FHA Purchase 7.45% 3/28/24
30 Year FHA Refi 7.45% 3/28/24
30 Year VA Purchase 6.37% 3/28/24
30 Year VA Refi 6.72% 3/28/24
30 Year USDA Purchase 7.04% 3/28/24
30 Year USDA Refi 7.01% 3/28/24
15 Year Conventional Purchase 6.03% 3/28/24
15 Year Conventional Refi 5.80% 3/28/24
15 Year Cash-out Refi 5.80% 3/28/24
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

836

Origination Dollar Volume (All Markets)

$196,250,000

Awards

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

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) 299 $78,655,000 $263,060 $6,137 4.28%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 279 $66,265,000 $237,509 $6,576 4.11%
WINCHESTER, VA-WV (FHA|USDA|VA) 72 $16,100,000 $223,611 $5,573 4.35%
Outside of Metro Areas 89 $15,705,000 $176,461 $5,457 4.19%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 27 $7,595,000 $281,296 $5,216 4.60%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 23 $4,415,000 $191,957 $5,869 4.16%
HARRISONBURG, VA (FHA|USDA|VA) 13 $2,015,000 $155,000 $4,796 4.21%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 9 $1,845,000 $205,000 $5,773 4.57%
STAUNTON, VA (FHA|USDA|VA) 14 $1,540,000 $110,000 $3,949 5.13%
RICHMOND, VA (FHA|USDA|VA) 3 $645,000 $215,000 $4,959 4.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $410,000 $205,000 $4,664 3.94%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $370,000 $185,000 $6,590 3.69%
GETTYSBURG, PA (FHA|USDA|VA) 1 $265,000 $265,000 $8,893 3.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,530 4.25%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $135,000 $135,000 $5,525 5.25%
Bluefield, WV-VA (FHA|USDA|VA) 1 $95,000 $95,000 $4,871 4.63%
Cbm Mortgage's top markets include Washington, Virginia Beach, Winchester, Charlottesville, and Hagerstown among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (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.

    Eglin Federal Credit Union
    Similarity Rank: 15
    ABNB Federal Credit Union
    Similarity Rank: 75
    PATRIOT
    Similarity Rank: 96
    DUPONT COMMUNITY
    Similarity Rank: 143
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 147
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 165
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 256
    Call Federal Credit Union
    Similarity Rank: 372
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 517

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 282 $64,000,000 $226,950 $3,698 4.44%
    FHA 229 $54,175,000 $236,572 $7,940 4.26%
    VA 206 $55,550,000 $269,660 $7,441 4.06%
    USDA 119 $22,525,000 $189,286 $5,570 4.07%

    For 2019, Cbm Mortgage's most frequently originated type of loan was Conventional, with 282 originations. Their 2nd most popular type was FHA, with 229 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 706 $161,990,000 $229,448 $6,266 4.27%
    Refi 80 $22,380,000 $279,750 $4,697 3.81%
    Cash Out Refi 50 $11,880,000 $237,600 $5,218 4.55%

    For 2019, Cbm Mortgage's most frequently cited loan purpose was Home Purchase, with 706 originations. The 2nd most popular reason was Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 813 $193,365,000 $237,841 $6,169 4.22%
    10 Year 9 $75,000 $8,333 $178 6.93%
    15 Year 9 $1,875,000 $208,333 $3,309 3.92%
    20 Year 3 $555,000 $185,000 $2,905 4.42%
    Other 2 $380,000 $190,000 $3,241 4.25%

    For 2019, Cbm Mortgage's most frequently cited loan duration was 30 Year, with 813 originations. The 2nd most popular length was 10 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 492 $116,260,000 $236,301
    $<1k 194 $40,590,000 $209,227
    $2k-3k 65 $15,655,000 $240,846
    $3k-4k 32 $8,250,000 $257,813
    $4k-5k 27 $6,935,000 $256,852
    $5k+ 26 $8,560,000 $329,231

    Cbm Mortgage's average total fees were $6,169, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 492 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 376 $85,920,000 $228,511
    3-4% 364 $90,540,000 $248,736
    5-6% 75 $16,735,000 $223,133
    7-8% 8 $690,000 $86,250
    2.5-3% 5 $1,235,000 $247,000
    <2.5% 4 $120,000 $30,000
    6-7% 3 $875,000 $291,667
    Over 8% 1 $135,000 $135,000

    During 2019, Cbm Mortgage's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 4-5%, with 376 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 443 $120,625,000 $272,291 $6,977 4.14%
    $100k-200k 275 $43,115,000 $156,782 $5,013 4.32%
    $400k-600k 60 $27,660,000 $461,000 $7,911 4.19%
    $100,000 or less 54 $2,070,000 $38,333 $1,554 4.73%
    $600k-1MM 4 $2,780,000 $695,000 $7,026 5.50%

    2019 saw Cbm Mortgage place emphasis on $200k-400k loans with 443 originations, totaling $120,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 276 $58,360,000 $211,449 $6,291 4.29%
    $50k or less 178 $26,720,000 $150,112 $4,714 4.23%
    $75k-100k 168 $43,150,000 $256,845 $6,692 4.27%
    $100k-150k 135 $39,745,000 $294,407 $6,729 4.23%
    $150k-250k 45 $15,965,000 $354,778 $6,155 4.39%
    $250k+ 6 $3,200,000 $533,333 $7,477 5.38%

    Cbm Mortgage lent most frequently to those with incomes in the $50k-75k range, with 276 originations. The second most popular income band? $50k or less, with 178 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 146 $33,870,000 $231,986 $5,622 4.22%
    20-30% 126 $28,280,000 $224,444 $5,409 4.25%
    50-60% 83 $21,125,000 $254,518 $8,097 4.17%
    43% 48 $11,180,000 $232,917 $6,258 4.39%
    44% 42 $8,900,000 $211,905 $6,480 4.31%
    42% 40 $9,380,000 $234,500 $5,980 4.26%
    39% 36 $8,950,000 $248,611 $5,796 4.25%
    37% 34 $6,790,000 $199,706 $6,225 4.15%
    40% 34 $7,880,000 $231,765 $5,943 4.47%
    38% 33 $7,565,000 $229,242 $5,408 4.33%
    41% 31 $6,195,000 $199,839 $5,818 4.08%
    36% 30 $6,070,000 $202,333 $5,344 4.36%
    48% 30 $7,300,000 $243,333 $6,215 4.54%
    <20% 21 $4,975,000 $236,905 $5,539 4.13%
    46% 19 $4,685,000 $246,579 $6,547 4.58%
    45% 19 $5,255,000 $276,579 $7,922 4.29%
    47% 18 $4,150,000 $230,556 $5,940 4.48%
    49% 18 $4,590,000 $255,000 $6,545 4.21%

    Cbm Mortgage lent most frequently to those with DTI ratios of 30-36%, with 146 originations. The next most common DTI ratio? 20-30%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 649 $151,325,000 $233,166 $6,038 4.23%
    Black 131 $31,905,000 $243,550 $6,442 4.30%
    Not provided 42 $9,310,000 $221,667 $4,905 4.29%
    Asian 11 $2,715,000 $246,818 $6,290 4.12%
    American Indian 3 $995,000 $331,667 $8,040 4.25%

    Approval Rates

    Total approvals of all applications
    98.86%

    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
    85.89%

    Cbm Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 836 $196,250,000 $234,749

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $460,000 $76,667
    Single Family (1-4 Units):Site-Built 830 $195,790,000 $235,892

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,655,000 $150,455 $3,247 4.01%
    40-60% 29 $4,685,000 $161,552 $4,117 4.30%
    60-80% 89 $23,755,000 $266,910 $4,271 4.40%
    80-100% 567 $134,245,000 $236,764 $6,260 4.25%
    Over 100% 81 $23,175,000 $286,111 $10,355 4.10%
    Under 20% 33 $255,000 $7,727 $170 4.81%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    C2 Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%