Community National Bank Mortgage Rates, Fees & Info

Derby, VT

LEI: 549300OQ3UC55Y6EPP22

Tax ID: 03-0288082

5 stars - Updated: 12/3/24 - out of 5 stars, based on 16 reviews

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

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Mortgage Data

Review & Overview

Community National Bank is a smaller bank specializing in Home Purchase and Refi loans. Community National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Barre, Burlington, Lebanon, Rutland, and Berlin among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Community National Bank is typically a low 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 7.14% 12/3/24
30 Year Conventional Refi 6.72% 12/3/24
30 Year Cash-out Refi 7.25% 12/3/24
15 Year Conventional Purchase 6.25% 12/3/24
15 Year Conventional Refi 5.88% 12/3/24
15 Year Cash-out Refi 5.88% 12/3/24
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.

Community National Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Community National Bank. 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

263

Origination Dollar Volume (All Markets)

$51,945,000

Relative Rate

Community National Bank's average 30 year fixed mortgage rate was 7.13%.

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

This yields a difference of 0.65%.

Relative Fees (Closing Costs)

Community National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,773.

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
Outside of Metro Areas 172 $31,770,000 $184,709 $2,799 7.29%
Barre, VT (FHA|USDA|VA) 43 $9,325,000 $216,860 $2,123 7.05%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 20 $5,780,000 $289,000 $3,282 6.78%
Lebanon, NH-VT (FHA|USDA|VA) 23 $4,085,000 $177,609 $1,703 7.34%
Rutland, VT (FHA|USDA|VA) 2 $640,000 $320,000 $0 6.64%
Berlin, NH (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.99%
Bennington, VT (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.50%
Keene, NH (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.92%
Community National Bank's top markets include Barre, Burlington, Lebanon, Rutland, and Berlin among others.

Their top states include:
  • Vermont (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Similar Lenders

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

    Northfield Savings Bank
    Similarity Rank: 15
    Vermont Federal Credit Union
    Similarity Rank: 36
    Union Bank
    Similarity Rank: 108
    NEW ENGLAND FEDERAL CREDIT UNION
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    NORTH COUNTRY
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    NORTHEAST HOME LOAN, LLC
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    ACADEMY MORTGAGE CORPORATION
    Similarity Rank: 6690
    QUICKEN LOANS, LLC
    Similarity Rank: 13920

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 261 $51,115,000 $195,843 $2,671 7.22%
    HELOC 2 $830,000 $415,000 n/a 8.50%

    For 2023, Community National Bank's most frequently originated type of loan was Conventional, with 261 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $31,150,000 $232,463 $3,932 7.05%
    Refi 48 $11,900,000 $247,917 $2,218 6.86%
    Home Improvement 29 $3,875,000 $133,621 $875 7.58%
    Cash Out Refi 27 $2,995,000 $110,926 $1,737 7.74%
    Other 25 $2,025,000 $81,000 $1,054 7.93%

    For 2023, Community National Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 84 $19,330,000 $230,119 $3,773 7.13%
    Other 60 $18,580,000 $309,667 $0 6.75%
    15 Year 47 $4,695,000 $99,894 $1,218 7.90%
    20 Year 40 $7,050,000 $176,250 $3,951 7.06%
    10 Year 21 $1,085,000 $51,667 $822 7.87%
    5 Year 8 $270,000 $33,750 $564 6.56%
    1 Year 2 $830,000 $415,000 $0 8.50%
    30+ year 1 $105,000 $105,000 $5,549 7.88%

    For 2023, Community National Bank's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was Other, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 128 $18,660,000 $145,781
    $3k-4k 9 $1,725,000 $191,667
    $1k-2k 8 $2,100,000 $262,500
    $2k-3k 5 $925,000 $185,000
    $4k-5k 3 $645,000 $215,000
    $5k+ 2 $680,000 $340,000

    Community National Bank's average total fees were $3,773, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 128 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 107 $18,625,000 $174,065
    6-7% 87 $18,925,000 $217,529
    Over 8% 37 $3,145,000 $85,000
    5-6% 29 $10,825,000 $373,276
    4-5% 3 $425,000 $141,667

    During 2023, Community National Bank's average interest rate for loans was 7.13%, while their most frequently originated rate bucket for loans was 7-8%, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,415,000 $53,193 $1,077 7.81%
    $200k-400k 80 $21,980,000 $274,750 $4,027 6.90%
    $100k-200k 75 $11,015,000 $146,867 $3,327 7.14%
    $400k-600k 20 $9,500,000 $475,000 $4,667 6.71%
    $600k-1MM 3 $1,985,000 $661,667 $3,744 6.27%
    $1MM+ 2 $3,050,000 $1,525,000 $0 5.88%

    2023 saw Community National Bank place emphasis on $100,000 or less loans with 83 originations, totaling $4,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $5,105,000 $118,721 $2,520 7.27%
    $100k-150k 32 $6,380,000 $199,375 $3,143 7.56%
    $50k or less 29 $2,325,000 $80,172 $1,984 7.73%
    $75k-100k 29 $3,515,000 $121,207 $2,151 7.58%
    $150k-250k 27 $6,555,000 $242,778 $3,270 7.19%
    $250k+ 16 $6,080,000 $380,000 $4,335 7.04%

    Community National Bank lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $100k-150k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 37 $5,885,000 $159,054 $2,554 7.41%
    20-30% 30 $4,080,000 $136,000 $2,508 7.36%
    44% 9 $1,775,000 $197,222 $4,559 7.10%
    38% 9 $1,525,000 $169,444 $3,435 7.54%
    41% 9 $1,105,000 $122,778 $1,666 7.65%
    42% 9 $1,135,000 $126,111 $2,308 7.93%
    39% 8 $2,280,000 $285,000 $2,312 7.78%
    40% 8 $1,310,000 $163,750 $2,059 7.28%
    36% 7 $1,065,000 $152,143 $2,873 7.89%
    47% 6 $1,310,000 $218,333 $3,034 6.52%
    43% 5 $725,000 $145,000 $2,989 7.67%
    50-60% 4 $270,000 $67,500 $1,057 8.40%
    46% 4 $810,000 $202,500 $4,453 7.50%
    49% 3 $245,000 $81,667 $1,610 7.87%
    37% 3 $565,000 $188,333 $3,118 6.38%
    45% 3 $615,000 $205,000 $1,985 7.21%
    48% 2 $460,000 $230,000 $5,982 7.06%
    >60% 1 $35,000 $35,000 $605 7.25%
    <20% 1 $55,000 $55,000 $605 8.99%

    Community National Bank lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $26,495,000 $156,775 $2,547 7.40%
    Not applicable 65 $19,825,000 $305,000 $0 6.79%
    Not provided 26 $5,220,000 $200,769 $3,371 7.15%
    Asian 1 $185,000 $185,000 $5,130 8.13%
    Chinese 1 $165,000 $165,000 $0 7.86%
    Black 1 $55,000 $55,000 $0 7.17%

    Approval Rates

    Total approvals of all applications
    91.11%

    Community National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.25%

    Community National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    595.0 1 $35,000 $35,000
    NA 262 $51,910,000 $198,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    263 $51,945,000 $197,510

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $3,705,000 $105,857 $1,291 7.31%
    40-60% 45 $9,485,000 $210,778 $3,401 7.13%
    60-80% 75 $19,675,000 $262,333 $3,784 7.03%
    80-100% 61 $15,825,000 $259,426 $3,950 7.01%
    Over 100% 5 $1,465,000 $293,000 $0 6.58%
    Under 20% 42 $1,790,000 $42,619 $526 8.00%