Community National Bank Mortgage Rates, Fees & Info
Derby, VTLEI: 549300OQ3UC55Y6EPP22
Tax ID: 03-0288082
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.14% | 10/29/24 |
| 30 Year Conventional Refi | 6.72% | 10/29/24 |
| 30 Year Cash-out Refi | 7.25% | 10/29/24 |
| 15 Year Conventional Purchase | 6.25% | 10/29/24 |
| 15 Year Conventional Refi | 5.88% | 10/29/24 |
| 15 Year Cash-out Refi | 5.88% | 10/29/24 |
| 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
263Origination Dollar Volume (All Markets)
$51,945,000Relative 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% |
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.
Similarity Rank: 15
Similarity Rank: 36
Similarity Rank: 108
Similarity Rank: 126
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Similarity Rank: 252
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Similarity Rank: 11690
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications91.11%
Community National Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.25%
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 |