Cb&s Bank Mortgage Rates, Fees & InfoRussellville, AL
Tax ID: 63-0041560
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCb&s Bank is a smaller bank specializing in Home Purchase and Refi loans. Cb&s Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Huntsville, Crestview, Tuscaloosa, Nashville, and Florence among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)
Cb&s Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cb&s 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 about average 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||11/30/23|
|30 Year Conventional Purchase||6.96%||11/30/23|
|30 Year Conventional Refi||7.34%||11/30/23|
|30 Year Cash-out Refi||6.67%||11/30/23|
|30 Year FHA Purchase||7.22%||11/30/23|
|30 Year FHA Refi||6.27%||11/30/23|
|30 Year VA Purchase||6.16%||11/30/23|
|30 Year USDA Purchase||6.71%||11/30/23|
|15 Year Conventional Purchase||6.87%||11/30/23|
|15 Year Conventional Refi||7.20%||11/30/23|
|15 Year Cash-out Refi||7.20%||11/30/23|
|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.|
Cb&s Bank Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Cb&s Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$199,815,000
CB&S Bank - 2022
CB&S Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Cb&s Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
Cb&s Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,714.
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 $4,750.
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||363||$36,315,000||$100,041||$2,604||5.82%|
|HUNTSVILLE, AL (FHA|USDA|VA)||135||$31,025,000||$229,815||$4,519||5.28%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||6||$18,280,000||$3,046,667||$11,929||4.87%|
|TUSCALOOSA, AL (FHA|USDA|VA)||20||$17,820,000||$891,000||$3,814||4.45%|
|NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA)||21||$13,285,000||$632,619||$5,192||4.65%|
|FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA)||67||$13,285,000||$198,284||$2,421||5.32%|
|BIRMINGHAM-HOOVER, AL (FHA|USDA|VA)||39||$11,895,000||$305,000||$6,320||4.82%|
|MONTGOMERY, AL (FHA|USDA|VA)||61||$11,015,000||$180,574||$2,770||5.30%|
|DECATUR, AL (FHA|USDA|VA)||59||$8,995,000||$152,458||$3,049||5.25%|
|Corinth, MS (FHA|USDA|VA)||44||$6,520,000||$148,182||$3,569||5.28%|
|Tupelo, MS (FHA|USDA|VA)||42||$4,700,000||$111,905||$2,036||5.36%|
|Lewisburg, TN (FHA|USDA|VA)||24||$3,210,000||$133,750||$2,967||5.45%|
|AUBURN-OPELIKA, AL (FHA|USDA|VA)||10||$3,160,000||$316,000||$2,367||5.03%|
|Albertville, AL (FHA|USDA|VA)||11||$2,595,000||$235,909||$4,479||5.92%|
|Clarksdale, MS (FHA|USDA|VA)||22||$2,380,000||$108,182||$2,619||5.07%|
|Starkville, MS (FHA|USDA|VA)||14||$1,890,000||$135,000||$3,569||4.59%|
|Talladega-Sylacauga, AL (FHA|USDA|VA)||2||$1,500,000||$750,000||$5,680||4.86%|
|Cullman, AL (FHA|USDA|VA)||4||$1,310,000||$327,500||$3,467||5.00%|
|MEMPHIS, TN-MS-AR (FHA|USDA|VA)||5||$1,175,000||$235,000||$5,696||4.13%|
|Greenville, MS (FHA|USDA|VA)||14||$990,000||$70,714||$2,054||6.82%|
|DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)||4||$900,000||$225,000||$0||4.42%|
|Alexander City, AL (FHA|USDA|VA)||6||$900,000||$150,000||$4,326||5.25%|
|Jasper, AL (FHA|USDA|VA)||2||$820,000||$410,000||$3,644||4.97%|
|Greenwood, MS (FHA|USDA|VA)||10||$760,000||$76,000||$4,177||6.27%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||3||$725,000||$241,667||$3,870||3.99%|
|JACKSON, TN (FHA|USDA|VA)||5||$645,000||$129,000||$4,627||5.72%|
|Oxford, MS (FHA|USDA|VA)||2||$620,000||$310,000||$0||4.00%|
|Dyersburg, TN (FHA|USDA|VA)||2||$510,000||$255,000||$2,600||4.44%|
|Grenada, MS (FHA|USDA|VA)||2||$390,000||$195,000||$3,006||4.50%|
|Scottsboro, AL (FHA|USDA|VA)||3||$295,000||$98,333||$2,399||5.04%|
|Lawrenceburg, TN (FHA|USDA|VA)||2||$280,000||$140,000||$2,167||5.06%|
|Brookhaven, MS (FHA|USDA|VA)||1||$275,000||$275,000||$5,250||5.03%|
|LEXINGTON-FAYETTE, KY (FHA|USDA|VA)||1||$255,000||$255,000||$3,495||6.63%|
|CARBONDALE-MARION, IL (FHA|USDA|VA)||1||$245,000||$245,000||$2,768||3.75%|
|LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA)||1||$215,000||$215,000||$6,621||3.63%|
|Sevierville, TN (FHA|USDA|VA)||1||$155,000||$155,000||$0||6.13%|
|Shelbyville, TN (FHA|USDA|VA)||1||$155,000||$155,000||$4,492||4.88%|
|Tullahoma-Manchester, TN (FHA|USDA|VA)||1||$135,000||$135,000||$3,648||4.75%|
|TULSA, OK (FHA|USDA|VA)||1||$95,000||$95,000||$0||0.00%|
|KNOXVILLE, TN (FHA|USDA|VA)||1||$45,000||$45,000||$0||0.00%|
|Troy, AL (FHA|USDA|VA)||1||$25,000||$25,000||$1,894||6.38%|
|Indianola, MS (FHA|USDA|VA)||1||$25,000||$25,000||$0||0.00%|
We use machine learning to identify the top lenders compared against CB&S Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, Cb&s Bank's most frequently originated type of loan was Conventional, with 632 originations. Their 2nd most popular type was HELOC, with 325 originations.
For 2022, Cb&s Bank's most frequently cited loan purpose was Home Purchase, with 406 originations. The 2nd most popular reason was Refi, with 317 originations.
For 2022, Cb&s Bank's most frequently cited loan duration was Other, with 455 originations. The 2nd most popular length was 30 Year, with 332 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Cb&s Bank's average total fees were $3,714, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.
During 2022, Cb&s Bank's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 188 originations.
2022 saw Cb&s Bank place emphasis on $100,000 or less loans with 484 originations, totaling $24,000,000 in origination value.
Cb&s Bank lent most frequently to those with incomes in the $50k or less range, with 216 originations. The second most popular income band? $50k-75k, with 180 originations.
Applicant Debt to Income Ratio
Cb&s Bank lent most frequently to those with DTI ratios of Exempt%, with 325 originations. The next most common DTI ratio? 20-30%, with 148 originations.
Approval RatesTotal approvals of all applications
Cb&s Bank has an average approval rate.
Pick RateApprovals leading to origination
Cb&s Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|