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:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Crestview, and Hagerstown 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 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% 4/18/24
    30 Year Conventional Refi 6.60% 4/18/24
    30 Year Cash-out Refi 6.91% 4/18/24
    30 Year FHA Purchase 7.45% 4/18/24
    30 Year FHA Refi 7.45% 4/18/24
    30 Year VA Purchase 6.37% 4/18/24
    30 Year VA Refi 6.72% 4/18/24
    30 Year USDA Purchase 7.04% 4/18/24
    30 Year USDA Refi 7.01% 4/18/24
    15 Year Conventional Purchase 6.03% 4/18/24
    15 Year Conventional Refi 5.80% 4/18/24
    15 Year Cash-out Refi 5.80% 4/18/24
    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

    2,045

    Origination Dollar Volume (All Markets)

    $555,085,000
    Show all (6) 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) 582 $172,070,000 $295,653 $5,435 3.11%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 562 $153,200,000 $272,598 $6,598 3.01%
    WINCHESTER, VA-WV (FHA|USDA|VA) 168 $45,480,000 $270,714 $5,354 3.15%
    Outside of Metro Areas 194 $43,780,000 $225,670 $5,378 3.16%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 101 $30,555,000 $302,525 $8,659 2.96%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 112 $25,530,000 $227,946 $5,041 3.20%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 46 $14,200,000 $308,696 $9,225 2.92%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 39 $10,165,000 $260,641 $4,676 3.12%
    RALEIGH-CARY, NC (FHA|USDA|VA) 34 $10,110,000 $297,353 $1,792 2.89%
    STAUNTON, VA (FHA|USDA|VA) 48 $9,560,000 $199,167 $5,362 3.24%
    HARRISONBURG, VA (FHA|USDA|VA) 28 $5,730,000 $204,643 $5,380 3.11%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 19 $4,915,000 $258,684 $5,416 3.08%
    Kill Devil Hills, NC (FHA|USDA|VA) 6 $3,490,000 $581,667 $4,882 3.65%
    RICHMOND, VA (FHA|USDA|VA) 11 $2,835,000 $257,727 $4,256 3.19%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 12 $2,510,000 $209,167 $6,185 3.09%
    Elizabeth City, NC (FHA|USDA|VA) 9 $2,165,000 $240,556 $4,009 3.25%
    PANAMA CITY, FL (FHA|USDA|VA) 7 $1,725,000 $246,429 $6,575 3.05%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,605,000 $321,000 $1,577 2.90%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,320,000 $330,000 $6,336 3.50%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $7,576 3.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $975,000 $195,000 $7,053 2.78%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $940,000 $470,000 $4,794 2.81%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 3 $915,000 $305,000 $6,126 3.21%
    GETTYSBURG, PA (FHA|USDA|VA) 3 $905,000 $301,667 $6,794 3.54%
    YORK-HANOVER, PA (FHA|USDA|VA) 4 $740,000 $185,000 $5,214 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $690,000 $345,000 $3,798 3.50%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $680,000 $170,000 $4,620 3.41%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $660,000 $330,000 $3,562 3.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $640,000 $320,000 $8,637 3.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $630,000 $315,000 $3,041 3.19%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $535,000 $535,000 $5,688 2.88%
    ROANOKE, VA (FHA|USDA|VA) 2 $420,000 $210,000 $3,851 3.25%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,611 3.25%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $355,000 $355,000 $4,337 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $355,000 $355,000 $6,324 3.38%
    WILLIAMSPORT, PA (FHA|USDA|VA) 2 $350,000 $175,000 $2,991 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $290,000 $145,000 $3,998 3.44%
    Bluefield, WV-VA (FHA|USDA|VA) 2 $290,000 $145,000 $5,360 3.13%
    READING, PA (FHA|USDA|VA) 1 $255,000 $255,000 $8,996 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,682 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $6,675 2.75%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $225,000 $225,000 $6,998 3.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,758 2.88%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $155,000 $155,000 $5,079 3.25%
    Danville, VA (FHA|USDA|VA) 1 $155,000 $155,000 $3,644 2.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,392 3.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $7,655 3.63%
    LANCASTER, PA (FHA|USDA|VA) 1 $145,000 $145,000 $3,799 3.00%
    CHARLESTON, WV (FHA|USDA|VA) 1 $135,000 $135,000 $3,540 3.25%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,962 2.88%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,617 3.63%
    Cbm Mortgage's top markets include Washington, Virginia Beach, Winchester, Crestview, and Hagerstown among others.

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

    PATRIOT
    Similarity Rank: 228
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 248
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 273
    Member Options, LLC
    Similarity Rank: 279
    Eglin Federal Credit Union
    Similarity Rank: 340
    HENRICO Federal Credit Union
    Similarity Rank: 420
    ABNB Federal Credit Union
    Similarity Rank: 544
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 722
    Pen Air Federal Credit Union
    Similarity Rank: 736

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,064 $276,820,000 $260,169 $3,780 3.19%
    VA 470 $152,300,000 $324,043 $9,057 2.92%
    FHA 326 $84,210,000 $258,313 $8,041 3.09%
    USDA 185 $41,755,000 $225,703 $5,941 2.95%

    For 2021, Cbm Mortgage's most frequently originated type of loan was Conventional, with 1,064 originations. Their 2nd most popular type was VA, with 470 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,397 $387,255,000 $277,205 $6,646 3.13%
    Refi 416 $107,350,000 $258,053 $3,842 2.89%
    Cash Out Refi 225 $59,425,000 $264,111 $4,899 3.20%
    Other 6 $750,000 $125,000 $3,168 3.40%
    Home Improvement 1 $305,000 $305,000 $3,220 2.88%

    For 2021, Cbm Mortgage's most frequently cited loan purpose was Home Purchase, with 1,397 originations. The 2nd most popular reason was Refi, with 416 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,926 $527,220,000 $273,738 $6,034 3.11%
    15 Year 82 $18,190,000 $221,829 $3,006 2.69%
    20 Year 26 $7,570,000 $291,154 $3,994 2.96%
    10 Year 7 $1,295,000 $185,000 $3,641 2.57%
    Other 4 $810,000 $202,500 $3,197 3.22%

    For 2021, Cbm Mortgage's most frequently cited loan duration was 30 Year, with 1,926 originations. The 2nd most popular length was 15 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,033 $265,875,000 $257,381
    $<1k 684 $182,450,000 $266,740
    $2k-3k 153 $40,475,000 $264,542
    $5k+ 79 $34,085,000 $431,456
    $3k-4k 55 $18,095,000 $329,000
    $4k-5k 40 $13,910,000 $347,750

    Cbm Mortgage's average total fees were $6,034, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,033 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,035 $279,755,000 $270,295
    2.5-3% 764 $208,590,000 $273,024
    <2.5% 211 $58,735,000 $278,365
    4-5% 35 $8,005,000 $228,714

    During 2021, Cbm Mortgage's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 1,035 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,244 $350,550,000 $281,793 $6,342 3.07%
    $100k-200k 475 $76,205,000 $160,432 $4,159 3.10%
    $400k-600k 208 $98,220,000 $472,212 $7,496 3.05%
    $100,000 or less 83 $3,885,000 $46,807 $1,728 3.33%
    $600k-1MM 33 $23,525,000 $712,879 $12,244 3.23%
    $1MM+ 2 $2,700,000 $1,350,000 $20,746 4.00%

    2021 saw Cbm Mortgage place emphasis on $200k-400k loans with 1,244 originations, totaling $350,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 644 $155,290,000 $241,134 $6,218 3.10%
    $50k or less 400 $74,920,000 $187,300 $4,858 3.01%
    $75k-100k 383 $110,215,000 $287,768 $6,307 3.10%
    $100k-150k 335 $105,525,000 $315,000 $6,114 3.15%
    $150k-250k 210 $81,150,000 $386,429 $5,740 3.15%
    $250k+ 38 $18,640,000 $490,526 $6,496 3.21%

    Cbm Mortgage lent most frequently to those with incomes in the $50k-75k range, with 644 originations. The second most popular income band? $50k or less, with 400 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 358 $96,600,000 $269,832 $5,785 3.12%
    20-30% 347 $92,155,000 $265,576 $4,865 3.07%
    50-60% 153 $45,295,000 $296,046 $8,820 3.05%
    44% 100 $26,390,000 $263,900 $6,216 3.17%
    <20% 90 $20,930,000 $232,556 $3,538 3.02%
    40% 88 $23,380,000 $265,682 $5,832 3.21%
    37% 86 $24,770,000 $288,023 $5,445 3.09%
    42% 85 $22,595,000 $265,824 $6,277 3.15%
    41% 85 $23,055,000 $271,235 $5,246 3.15%
    39% 84 $23,110,000 $275,119 $5,829 3.15%
    38% 82 $22,130,000 $269,878 $5,626 3.16%
    45% 69 $20,025,000 $290,217 $6,772 3.20%
    49% 68 $19,090,000 $280,735 $6,596 3.14%
    36% 65 $17,285,000 $265,923 $5,705 3.04%
    43% 62 $16,930,000 $273,065 $5,805 3.19%
    48% 52 $15,560,000 $299,231 $7,751 2.96%
    46% 48 $13,870,000 $288,958 $6,543 3.10%
    47% 42 $11,030,000 $262,619 $6,987 3.07%
    >60% 3 $1,055,000 $351,667 $10,616 3.17%

    Cbm Mortgage lent most frequently to those with DTI ratios of 30-36%, with 358 originations. The next most common DTI ratio? 20-30%, with 347 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,504 $404,960,000 $269,255 $5,719 3.08%
    Not provided 261 $71,445,000 $273,736 $6,361 3.08%
    Black 229 $63,335,000 $276,572 $6,275 3.14%
    Asian 35 $10,955,000 $313,000 $5,087 3.21%
    American Indian 10 $2,610,000 $261,000 $9,295 3.00%
    Native Hawaiian or Islander 3 $625,000 $208,333 $4,142 3.42%
    Asian Indian 1 $455,000 $455,000 $4,234 2.50%
    Guamanian 1 $405,000 $405,000 $12,842 3.00%
    Native Hawaiian 1 $295,000 $295,000 $10,528 2.88%

    Approval Rates

    Total approvals of all applications
    98.34%

    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
    87.53%

    Cbm Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,045 $555,085,000 $271,435

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,045 $555,085,000 $271,435

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $5,110,000 $150,294 $2,994 2.90%
    40-60% 130 $27,500,000 $211,538 $3,357 2.99%
    60-80% 470 $129,160,000 $274,809 $4,169 3.20%
    80-100% 1,146 $324,500,000 $283,159 $6,159 3.09%
    Over 100% 187 $60,235,000 $322,112 $12,237 2.96%
    Under 20% 43 $645,000 $15,000 $399 3.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    C2 Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    C2 Financial Corporation Conventional home mortgage Closing on a mortgage 1 50.0%