Community National Bank Mortgage Rates, Fees & Info

Derby, VT

LEI: 549300OQ3UC55Y6EPP22

Tax ID: 03-0288082

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

    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: Burlington, Barre, Lebanon, and Berlin among others. We have data for 5 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% 5/4/24
    30 Year Conventional Refi 6.72% 5/4/24
    30 Year Cash-out Refi 7.25% 5/4/24
    15 Year Conventional Purchase 6.25% 5/4/24
    15 Year Conventional Refi 5.88% 5/4/24
    15 Year Cash-out Refi 5.88% 5/4/24
    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

    330

    Origination Dollar Volume (All Markets)

    $103,480,000

    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 229 $51,325,000 $224,127 $3,074 5.20%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 41 $33,655,000 $820,854 $3,594 5.04%
    Barre, VT (FHA|USDA|VA) 36 $12,170,000 $338,056 $3,757 4.88%
    Lebanon, NH-VT (FHA|USDA|VA) 20 $4,970,000 $248,500 $2,676 5.42%
    Berlin, NH (FHA|USDA|VA) 4 $1,360,000 $340,000 $2,185 5.64%
    Community National Bank's top markets include Burlington, Barre, Lebanon, and Berlin among others.

    Their top states include:
  • Vermont (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: 45
    Vermont Federal Credit Union
    Similarity Rank: 102
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 119
    VERMONT STATE EMPLOYEES
    Similarity Rank: 176
    Union Bank
    Similarity Rank: 221
    Mascoma Bank
    Similarity Rank: 270
    NORTH COUNTRY
    Similarity Rank: 396
    NORTHEAST HOME LOAN, LLC
    Similarity Rank: 550
    TD Bank
    Similarity Rank: 1458
    Mortgage Research Center, LLC
    Similarity Rank: 1852

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 329 $103,385,000 $314,240 $3,140 5.16%
    HELOC 1 $95,000 $95,000 n/a 6.44%

    For 2022, Community National Bank's most frequently originated type of loan was Conventional, with 329 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $51,740,000 $323,375 $3,980 5.44%
    Refi 75 $31,625,000 $421,667 $2,970 4.82%
    Cash Out Refi 68 $9,920,000 $145,882 $2,558 4.85%
    Other 17 $1,965,000 $115,588 $1,157 5.70%
    Home Improvement 10 $8,230,000 $823,000 $5,388 4.45%

    For 2022, Community National Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 109 $32,985,000 $302,615 $3,750 5.37%
    20 Year 76 $12,010,000 $158,026 $3,275 5.09%
    Other 63 $48,915,000 $776,429 $0 5.26%
    15 Year 55 $7,025,000 $127,727 $2,587 4.89%
    10 Year 20 $2,280,000 $114,000 $1,795 4.97%
    5 Year 7 $265,000 $37,857 $557 4.44%

    For 2022, Community National Bank's most frequently cited loan duration was 30 Year, with 109 originations. The 2nd most popular length was 20 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 136 $21,720,000 $159,706
    $1k-2k 20 $3,970,000 $198,500
    $3k-4k 15 $3,055,000 $203,667
    $2k-3k 7 $1,565,000 $223,571
    $4k-5k 6 $1,130,000 $188,333
    $5k+ 4 $1,020,000 $255,000

    Community National Bank's average total fees were $3,750, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 136 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 114 $41,920,000 $367,719
    4-5% 79 $27,685,000 $350,443
    6-7% 63 $20,915,000 $331,984
    3-4% 46 $8,680,000 $188,696
    2.5-3% 12 $1,880,000 $156,667
    7-8% 10 $1,550,000 $155,000
    <2.5% 6 $850,000 $141,667

    During 2022, Community National Bank's average interest rate for loans was 5.37%, while their most frequently originated rate bucket for loans was 5-6%, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 125 $17,995,000 $143,960 $3,509 5.20%
    $200k-400k 81 $22,085,000 $272,654 $3,810 5.03%
    $100,000 or less 78 $4,960,000 $63,590 $1,609 5.23%
    $400k-600k 30 $13,960,000 $465,333 $5,302 5.24%
    $1MM+ 11 $40,995,000 $3,726,818 $6,038 5.30%
    $600k-1MM 5 $3,485,000 $697,000 $0 4.63%

    2022 saw Community National Bank place emphasis on $100k-200k loans with 125 originations, totaling $17,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 43 $6,555,000 $152,442 $3,258 5.29%
    $100k-150k 42 $8,420,000 $200,476 $3,041 5.20%
    $50k-75k 40 $5,730,000 $143,250 $2,842 5.23%
    $150k-250k 35 $7,785,000 $222,429 $3,632 4.92%
    $50k or less 34 $2,840,000 $83,529 $2,575 5.22%
    $250k+ 21 $5,865,000 $279,286 $4,341 5.17%

    Community National Bank lent most frequently to those with incomes in the $75k-100k range, with 43 originations. The second most popular income band? $100k-150k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 43 $7,125,000 $165,698 $3,604 5.15%
    20-30% 35 $6,315,000 $180,429 $3,395 4.98%
    <20% 21 $2,805,000 $133,571 $2,684 4.60%
    44% 10 $2,040,000 $204,000 $2,893 4.97%
    37% 10 $1,810,000 $181,000 $2,836 5.35%
    42% 9 $1,425,000 $158,333 $2,410 5.90%
    41% 9 $1,485,000 $165,000 $2,373 6.07%
    43% 9 $1,585,000 $176,111 $2,964 5.26%
    39% 8 $1,770,000 $221,250 $2,878 4.26%
    38% 8 $1,000,000 $125,000 $2,868 4.76%
    40% 8 $1,150,000 $143,750 $2,754 5.39%
    36% 6 $800,000 $133,333 $2,931 6.25%
    46% 4 $870,000 $217,500 $3,192 4.59%
    47% 4 $730,000 $182,500 $3,416 5.19%
    48% 3 $745,000 $248,333 $3,885 6.17%
    >60% 2 $370,000 $185,000 $2,338 3.81%
    50-60% 2 $830,000 $415,000 $4,964 5.94%
    49% 1 $405,000 $405,000 $4,059 6.38%
    45% 1 $175,000 $175,000 $4,927 6.00%

    Community National Bank lent most frequently to those with DTI ratios of 30-36%, with 43 originations. The next most common DTI ratio? 20-30%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 93 $63,235,000 $679,946 $0 5.17%
    White 191 $30,595,000 $160,183 $2,965 5.14%
    Not provided 44 $9,300,000 $211,364 $4,118 5.26%
    American Indian 2 $350,000 $175,000 $3,264 5.19%

    Approval Rates

    Total approvals of all applications
    91.24%

    Community National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.73%

    Community National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 330 $103,480,000 $313,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    330 $103,480,000 $313,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $8,325,000 $237,857 $2,101 4.82%
    40-60% 56 $10,380,000 $185,357 $2,528 5.05%
    60-80% 137 $53,385,000 $389,672 $3,940 5.15%
    80-100% 57 $20,605,000 $361,491 $4,186 5.30%
    Over 100% 22 $9,680,000 $440,000 $2,053 5.50%
    Under 20% 23 $1,105,000 $48,043 $984 5.38%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%