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 Cash Out Refi 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, Buffalo, Watertown, Batavia, and Syracuse among others. We have data for 25 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
623Origination Dollar Volume (All Markets)
$176,675,000Top 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) | 576 | $115,280,000 | $200,139 | $353 | 5.57% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $34,770,000 | $8,692,500 | $0 | 4.90% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 3.99% |
| Batavia, NY (FHA|USDA|VA) | 8 | $6,860,000 | $857,500 | $458 | 5.09% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $2,960,000 | $1,480,000 | $0 | 5.47% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 5.42% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 5.75% |
| Corning, NY (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $558 | 5.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 4.88% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 4.49% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 6.50% |
| Seneca Falls, NY (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $261 | 4.66% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.42% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 5.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $823 | 5.84% |
| Outside of Metro Areas | 3 | $265,000 | $88,333 | $0 | 5.24% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.75% |
| Auburn, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.00% |
| Olean, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.00% |
| Malone, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.00% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $988 | 6.22% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 484 | $57,450,000 | $118,698 | n/a | 5.48% |
| Conventional | 139 | $119,225,000 | $857,734 | $384 | 5.76% |
For 2022, The Canandaigua National Bank And Trust Company's most frequently originated type of loan was HELOC, with 484 originations. Their 2nd most popular type was Conventional, with 139 originations.
Loan Reason
For 2022, The Canandaigua National Bank And Trust Company's most frequently cited loan purpose was Home Improvement, with 283 originations. The 2nd most popular reason was Cash Out Refi, with 127 originations.
Loan Duration/Length
For 2022, The Canandaigua National Bank And Trust Company's most frequently cited loan duration was 20 Year, with 485 originations. The 2nd most popular length was 10 Year, with 113 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 56 | $4,590,000 | $81,964 |
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 56 originations.
Interest Rates
During 2022, 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 3-4%, with 161 originations.
Loan Sizing
2022 saw The Canandaigua National Bank And Trust Company place emphasis on $100,000 or less loans with 307 originations, totaling $15,815,000 in origination value.
Applicant Income
The Canandaigua National Bank And Trust Company lent most frequently to those with incomes in the $150k-250k range, with 117 originations. The second most popular income band? $100k-150k, with 116 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 104 originations. The next most common DTI ratio? 30-36%, with 95 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.06%
The Canandaigua National Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination86.36%
The Canandaigua National Bank And Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 623 | $176,675,000 | $283,587 |