Cbm Mortgage Rates, Fees & Info

FRONT ROYAL, VA

LEI: 549300NBUJWYNN8AXN69

Tax ID: 11-3746866

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

Jump to:

Mortgage Data

Review & Overview

Cbm Mortgage is a smaller mortgage company specializing in Home Purchase and Refi 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, Hagerstown, and Baltimore among others. We have data for 26 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% 3/27/24
30 Year Conventional Refi 6.60% 3/27/24
30 Year Cash-out Refi 6.91% 3/27/24
30 Year FHA Purchase 7.45% 3/27/24
30 Year FHA Refi 7.45% 3/27/24
30 Year VA Purchase 6.37% 3/27/24
30 Year VA Refi 6.72% 3/27/24
30 Year USDA Purchase 7.04% 3/27/24
30 Year USDA Refi 7.01% 3/27/24
15 Year Conventional Purchase 6.03% 3/27/24
15 Year Conventional Refi 5.80% 3/27/24
15 Year Cash-out Refi 5.80% 3/27/24
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

1,569

Origination Dollar Volume (All Markets)

$411,575,000
Show all (7) 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) 597 $167,475,000 $280,528 $5,435 3.06%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 358 $95,910,000 $267,905 $6,025 2.91%
WINCHESTER, VA-WV (FHA|USDA|VA) 173 $45,375,000 $262,283 $5,168 3.12%
Outside of Metro Areas 153 $34,025,000 $222,386 $5,505 3.22%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 80 $15,360,000 $192,000 $5,213 3.16%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 46 $13,620,000 $296,087 $5,224 3.24%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 52 $13,500,000 $259,615 $5,213 3.27%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 22 $6,280,000 $285,455 $5,222 2.58%
STAUNTON, VA (FHA|USDA|VA) 23 $4,665,000 $202,826 $5,437 3.13%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 17 $3,665,000 $215,588 $7,550 3.27%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $2,345,000 $260,556 $5,393 2.56%
HARRISONBURG, VA (FHA|USDA|VA) 12 $2,240,000 $186,667 $5,010 3.40%
RICHMOND, VA (FHA|USDA|VA) 8 $1,840,000 $230,000 $6,119 3.33%
YORK-HANOVER, PA (FHA|USDA|VA) 3 $855,000 $285,000 $5,924 2.79%
PANAMA CITY, FL (FHA|USDA|VA) 2 $600,000 $300,000 $7,449 3.13%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $570,000 $285,000 $3,176 2.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,173 2.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $505,000 $505,000 $5,163 3.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $465,000 $465,000 $3,857 2.50%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $330,000 $165,000 $2,990 3.38%
GETTYSBURG, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,944 2.50%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $4,460 2.31%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $275,000 $275,000 $8,367 2.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,523 2.88%
LANCASTER, PA (FHA|USDA|VA) 1 $175,000 $175,000 $3,333 2.88%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,937 3.25%
Cbm Mortgage's top markets include Washington, Virginia Beach, Winchester, Hagerstown, and Baltimore among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (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: 96
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 112
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 268
    PATRIOT
    Similarity Rank: 289
    ABNB Federal Credit Union
    Similarity Rank: 496
    F & M BANK CORP.
    Similarity Rank: 640
    DUPONT COMMUNITY
    Similarity Rank: 1066
    Tyndall Federal Credit Union
    Similarity Rank: 1080
    Orrstown Bank
    Similarity Rank: 1080

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 818 $215,210,000 $263,093 $3,937 3.12%
    VA 325 $96,995,000 $298,446 $7,391 2.84%
    FHA 222 $56,870,000 $256,171 $8,424 3.12%
    USDA 204 $42,500,000 $208,333 $5,856 3.13%

    For 2020, Cbm Mortgage's most frequently originated type of loan was Conventional, with 818 originations. Their 2nd most popular type was VA, with 325 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 849 $223,145,000 $262,833 $6,550 3.15%
    Refi 566 $150,090,000 $265,177 $4,324 2.89%
    Cash Out Refi 146 $36,640,000 $250,959 $4,446 3.17%
    Other 7 $1,625,000 $232,143 $3,498 3.63%
    Home Improvement 1 $75,000 $75,000 $4,138 3.38%

    For 2020, Cbm Mortgage's most frequently cited loan purpose was Home Purchase, with 849 originations. The 2nd most popular reason was Refi, with 566 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,459 $386,605,000 $264,979 $5,689 3.08%
    15 Year 67 $14,185,000 $211,716 $3,231 2.81%
    20 Year 22 $5,880,000 $267,273 $4,470 2.89%
    Other 16 $4,240,000 $265,000 $3,559 2.89%
    10 Year 5 $665,000 $133,000 $2,664 2.58%

    For 2020, Cbm Mortgage's most frequently cited loan duration was 30 Year, with 1,459 originations. The 2nd most popular length was 15 Year, with 67 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 960 $241,300,000 $251,354
    $<1k 311 $85,445,000 $274,743
    $2k-3k 138 $35,940,000 $260,435
    $3k-4k 60 $16,150,000 $269,167
    $5k+ 56 $20,460,000 $365,357
    $4k-5k 42 $11,520,000 $274,286

    Cbm Mortgage's average total fees were $5,689, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 960 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 675 $179,105,000 $265,341
    3-4% 601 $152,095,000 $253,070
    <2.5% 235 $65,915,000 $280,489
    4-5% 51 $12,395,000 $243,039
    5-6% 7 $2,065,000 $295,000

    During 2020, Cbm Mortgage's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 675 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 924 $259,110,000 $280,422 $5,824 3.04%
    $100k-200k 440 $70,530,000 $160,295 $4,280 3.14%
    $400k-600k 164 $75,540,000 $460,610 $7,733 2.96%
    $100,000 or less 36 $3,040,000 $84,444 $3,057 3.10%
    $600k-1MM 5 $3,355,000 $671,000 $8,729 3.35%

    2020 saw Cbm Mortgage place emphasis on $200k-400k loans with 924 originations, totaling $259,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 441 $102,735,000 $232,959 $5,659 3.10%
    $50k or less 309 $59,135,000 $191,375 $4,881 2.99%
    $75k-100k 292 $79,420,000 $271,986 $6,189 3.16%
    $100k-150k 282 $86,180,000 $305,603 $5,702 3.08%
    $150k-250k 142 $50,920,000 $358,592 $5,432 3.09%
    $250k+ 22 $10,130,000 $460,455 $5,663 2.98%

    Cbm Mortgage lent most frequently to those with incomes in the $50k-75k range, with 441 originations. The second most popular income band? $50k or less, with 309 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 291 $73,475,000 $252,491 $4,716 3.06%
    30-36% 287 $74,995,000 $261,307 $5,465 3.13%
    <20% 98 $24,040,000 $245,306 $3,923 2.97%
    50-60% 81 $21,335,000 $263,395 $8,531 3.05%
    40% 76 $20,120,000 $264,737 $6,021 3.19%
    39% 70 $18,200,000 $260,000 $5,818 3.21%
    41% 60 $15,070,000 $251,167 $5,697 3.07%
    37% 56 $14,390,000 $256,964 $5,697 3.13%
    44% 53 $13,975,000 $263,679 $5,320 3.19%
    36% 53 $13,375,000 $252,358 $5,669 3.16%
    38% 51 $13,255,000 $259,902 $6,281 3.05%
    42% 48 $12,780,000 $266,250 $6,057 2.98%
    43% 45 $11,715,000 $260,333 $6,005 3.21%
    45% 44 $14,050,000 $319,318 $6,539 3.08%
    46% 40 $10,110,000 $252,750 $6,633 3.11%
    47% 31 $8,655,000 $279,194 $5,846 3.15%
    49% 28 $7,690,000 $274,643 $6,256 3.17%
    48% 22 $5,860,000 $266,364 $7,064 3.18%
    >60% 1 $275,000 $275,000 $4,667 2.75%

    Cbm Mortgage lent most frequently to those with DTI ratios of 20-30%, with 291 originations. The next most common DTI ratio? 30-36%, with 287 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,264 $328,420,000 $259,826 $5,412 3.06%
    Black 157 $41,545,000 $264,618 $6,199 3.04%
    Not provided 108 $30,270,000 $280,278 $5,884 3.11%
    Asian 24 $7,130,000 $297,083 $6,121 2.93%
    American Indian 8 $1,750,000 $218,750 $4,875 3.02%
    Native Hawaiian or Islander 4 $1,180,000 $295,000 $4,979 3.09%
    Samoan 2 $780,000 $390,000 $9,031 2.63%
    Other Asian 2 $500,000 $250,000 $5,983 2.81%

    Approval Rates

    Total approvals of all applications
    98.13%

    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
    86.55%

    Cbm Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,569 $411,575,000 $262,317

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 1,568 $411,370,000 $262,353

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $7,100,000 $169,048 $3,278 2.89%
    40-60% 91 $18,445,000 $202,692 $3,373 2.97%
    60-80% 373 $99,695,000 $267,279 $3,941 3.13%
    80-100% 882 $233,380,000 $264,603 $5,960 3.10%
    Over 100% 99 $30,995,000 $313,081 $11,763 2.95%
    Under 20% 5 $455,000 $91,000 $2,742 2.85%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    C2 Financial Corporation Conventional home mortgage Closing on a mortgage 1 50.0%
    C2 Financial Corporation VA mortgage Closing on a mortgage 1 50.0%