The Canandaigua National Bank And Trust Company Mortgage Rates, Fees & Info

Canandaigua, NY

LEI: 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, Other, and Cash Out Refi loans. The Canandaigua National Bank And Trust Company has an average proportion of conventional loans. Their top markets by origination volume include: Rochester, Port St. Lucie, Miami, Syracuse, and Corning among others. We have data for 22 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 a below 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) 6.27% 5/26/24
30 Year Conventional Purchase 6.27% 5/26/24
30 Year Conventional Refi 6.27% 5/26/24
30 Year Cash-out Refi 6.27% 5/26/24
15 Year Conventional Purchase 5.68% 5/26/24
15 Year Conventional Refi 5.68% 5/26/24
15 Year Cash-out Refi 5.68% 5/26/24
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.

The Canandaigua National Bank And Trust Company Mortgage Calculator






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This is not an official calculator from The Canandaigua National Bank And Trust Company. 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

710

Origination Dollar Volume (All Markets)

$101,760,000

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
ROCHESTER, NY (FHA|USDA|VA) 667 $88,655,000 $132,916 $376 8.53%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $2,830,000 $1,415,000 $0 8.44%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,660,000 $415,000 $0 8.16%
SYRACUSE, NY (FHA|USDA|VA) 2 $1,330,000 $665,000 $0 8.18%
Corning, NY (FHA|USDA|VA) 6 $1,150,000 $191,667 $475 8.58%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 8.75%
Batavia, NY (FHA|USDA|VA) 7 $735,000 $105,000 $0 8.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $680,000 $170,000 $0 8.50%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $610,000 $305,000 $0 8.69%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $595,000 $595,000 $0 8.00%
Seneca Falls, NY (FHA|USDA|VA) 1 $485,000 $485,000 $0 8.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.75%
Olean, NY (FHA|USDA|VA) 2 $360,000 $180,000 $0 8.13%
Outside of Metro Areas 2 $280,000 $140,000 $0 8.56%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.75%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.75%
UTICA-ROME, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $75,000 $75,000 $914 8.97%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.13%
The Canandaigua National Bank And Trust Company's top markets include Rochester, Port St. Lucie, Miami, Syracuse, and Corning among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 590 $75,700,000 $128,305 n/a 8.65%
    Conventional 120 $26,060,000 $217,167 $387 7.90%

    For 2023, 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 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 349 $37,195,000 $106,576 $398 8.64%
    Other 172 $22,160,000 $128,837 $410 8.63%
    Cash Out Refi 113 $22,875,000 $202,434 $323 8.27%
    Home Purchase 58 $16,040,000 $276,552 $0 8.07%
    Refi 18 $3,490,000 $193,889 $190 8.28%

    For 2023, The Canandaigua National Bank And Trust Company's most frequently cited loan purpose was Home Improvement, with 349 originations. The 2nd most popular reason was Other, with 172 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 611 $79,725,000 $130,483 $0 8.61%
    10 Year 84 $14,520,000 $172,857 $394 7.97%
    Other 10 $7,380,000 $738,000 $0 7.86%
    5 Year 5 $135,000 $27,000 $293 8.77%

    For 2023, The Canandaigua National Bank And Trust Company's most frequently cited loan duration was 20 Year, with 611 originations. The 2nd most popular length was 10 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 69 $4,025,000 $58,333

    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 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 579 $65,815,000 $113,670
    7-8% 102 $27,050,000 $265,196
    6-7% 27 $8,795,000 $325,741
    5-6% 2 $100,000 $50,000

    During 2023, 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 579 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 365 $19,265,000 $52,781 $388 8.73%
    $100k-200k 210 $28,150,000 $134,048 $362 8.39%
    $200k-400k 97 $24,725,000 $254,897 $493 8.24%
    $400k-600k 20 $9,440,000 $472,000 $0 8.14%
    $1MM+ 10 $14,740,000 $1,474,000 $0 7.92%
    $600k-1MM 8 $5,440,000 $680,000 $0 7.51%

    2023 saw The Canandaigua National Bank And Trust Company place emphasis on $100,000 or less loans with 365 originations, totaling $19,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 176 $17,490,000 $99,375 $372 8.62%
    $150k-250k 135 $17,875,000 $132,407 $405 8.59%
    $50k-75k 105 $7,675,000 $73,095 $387 8.73%
    $75k-100k 99 $9,385,000 $94,798 $392 8.61%
    $250k+ 84 $23,070,000 $274,643 $0 8.42%
    $50k or less 56 $2,650,000 $47,321 $390 8.68%

    The Canandaigua National Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 176 originations. The second most popular income band? $150k-250k, with 135 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 131 $15,195,000 $115,992 $340 8.55%
    30-36% 89 $9,875,000 $110,955 $417 8.68%
    <20% 62 $9,120,000 $147,097 $353 8.52%
    50-60% 60 $6,670,000 $111,167 $343 8.71%
    44% 36 $5,220,000 $145,000 $409 8.52%
    43% 34 $3,400,000 $100,000 $435 8.70%
    >60% 26 $3,730,000 $143,462 $431 8.57%
    45% 26 $3,890,000 $149,615 $0 8.43%
    40% 24 $2,810,000 $117,083 $338 8.56%
    42% 22 $2,970,000 $135,000 $0 8.63%
    47% 21 $2,895,000 $137,857 $459 8.59%
    38% 19 $1,635,000 $86,053 $458 8.77%
    46% 18 $1,810,000 $100,556 $549 8.66%
    39% 18 $2,290,000 $127,222 $458 8.53%
    49% 16 $1,220,000 $76,250 $279 8.90%
    48% 15 $1,475,000 $98,333 $261 8.51%
    37% 13 $1,435,000 $110,385 $458 8.80%
    36% 13 $1,225,000 $94,231 $428 8.42%
    41% 12 $1,280,000 $106,667 $0 8.82%

    The Canandaigua National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 605 $72,625,000 $120,041 $385 8.61%
    Not applicable 54 $23,390,000 $433,148 $0 7.47%
    Asian 19 $2,375,000 $125,000 $172 8.63%
    Not provided 11 $1,845,000 $167,727 $0 8.56%
    Black 17 $855,000 $50,294 $458 8.55%
    American Indian 3 $545,000 $181,667 $0 8.67%
    Filipino 1 $125,000 $125,000 $0 8.63%

    Approval Rates

    Total approvals of all applications
    94.29%

    The Canandaigua National Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.86%

    The Canandaigua National Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 710 $101,760,000 $143,324

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    710 $101,760,000 $143,324

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 270 $30,410,000 $112,630 $384 8.54%
    40-60% 111 $21,195,000 $190,946 $410 8.47%
    60-80% 75 $23,515,000 $313,533 $458 7.93%
    80-100% 32 $12,570,000 $392,813 $0 8.29%
    Under 20% 222 $14,070,000 $63,378 $383 8.75%