The Canandaigua National Bank And Trust Company Mortgage Rates, Fees & Info
Canandaigua, NYLEI: 549300RM7ARTTP3T1V93
Tax ID: 16-0373410
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Mortgage Data
Review & Overview
The Canandaigua National Bank And Trust Company is a smaller bank specializing in Home Improvement and Home Purchase loans. The Canandaigua National Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Corning, Syracuse, Buffalo, and Batavia among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)The Canandaigua National Bank And Trust Company 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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. | ||
The Canandaigua National Bank And Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
718Origination Dollar Volume (All Markets)
$174,460,000Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, NY (FHA|USDA|VA) | 666 | $162,380,000 | $243,814 | $360 | 8.68% |
| Corning, NY (FHA|USDA|VA) | 9 | $2,605,000 | $289,444 | $368 | 8.37% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $0 | 7.75% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $0 | 8.70% |
| Batavia, NY (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $0 | 8.54% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 8.50% |
| Seneca Falls, NY (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $535 | 8.33% |
| Outside of Metro Areas | 2 | $720,000 | $360,000 | $857 | 7.99% |
| Auburn, NY (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 8.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 8.78% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.95% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 8.88% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $912 | 9.73% |
| OCALA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 590 | $79,380,000 | $134,542 | n/a | 8.80% |
| Conventional | 128 | $95,080,000 | $742,813 | $382 | 8.01% |
For 2024, The Canandaigua National Bank And Trust Company's most frequently originated type of loan was HELOC, with 590 originations. Their 2nd most popular type was Conventional, with 128 originations.
Loan Reason
For 2024, The Canandaigua National Bank And Trust Company's most frequently cited loan purpose was Home Improvement, with 318 originations. The 2nd most popular reason was Other, with 218 originations.
Loan Duration/Length
For 2024, The Canandaigua National Bank And Trust Company's most frequently cited loan duration was 20 Year, with 618 originations. The 2nd most popular length was 10 Year, with 58 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 55 | $2,445,000 | $44,455 |
The Canandaigua National Bank And Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 55 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 616 | $81,340,000 | $132,045 |
| 7-8% | 98 | $92,860,000 | $947,551 |
| 6-7% | 4 | $260,000 | $65,000 |
During 2024, The Canandaigua National Bank And Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 616 originations.
Loan Sizing
2024 saw The Canandaigua National Bank And Trust Company place emphasis on $100,000 or less loans with 326 originations, totaling $17,140,000 in origination value.
Applicant Income
The Canandaigua National Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 156 originations. The second most popular income band? $150k-250k, with 150 originations.
Applicant Debt to Income Ratio
The Canandaigua National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? 30-36%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.02%
The Canandaigua National Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination92.06%
The Canandaigua National Bank And Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 718 | $174,460,000 | $242,981 |