County National Bank Mortgage Rates, Fees & Info

Hillsdale, MI

LEI: 549300W07W12OUENKR02

Tax ID: 38-0650660

5 stars - Updated: 12/3/24 - out of 5 stars, based on 17 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

County National Bank is a smaller bank specializing in Home Purchase and Refi loans. County National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Hillsdale, Lansing, Adrian, and Miami among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

County National Bank 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. County National Bank is typically an average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.09% 12/3/24
30 Year Conventional Refi 6.95% 12/3/24
30 Year Cash-out Refi 6.98% 12/3/24
15 Year Conventional Purchase 6.24% 12/3/24
15 Year Conventional Refi 6.37% 12/3/24
15 Year Cash-out Refi 6.37% 12/3/24
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.

County National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from County 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

276

Origination Dollar Volume (All Markets)

$73,850,000

Awards

County National Bank 30 Year Conventional Loans gold County National Bank 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

County National Bank's average 30 year fixed mortgage rate was 6.91%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.43%.

Relative Fees (Closing Costs)

County National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,735.

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 $9,089.

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
JACKSON, MI (FHA|USDA|VA) 100 $22,930,000 $229,300 $4,212 7.01%
Hillsdale, MI (FHA|USDA|VA) 80 $11,900,000 $148,750 $4,145 7.05%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 7 $11,065,000 $1,580,714 $5,230 7.38%
Adrian, MI (FHA|USDA|VA) 43 $7,685,000 $178,721 $4,688 7.23%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $4,625,000 $4,625,000 $50,318 7.88%
BATTLE CREEK, MI (FHA|USDA|VA) 10 $4,620,000 $462,000 $3,391 7.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $2,610,000 $326,250 $4,874 7.30%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $27,128 6.63%
Coldwater, MI (FHA|USDA|VA) 7 $1,225,000 $175,000 $4,730 6.38%
Outside of Metro Areas 8 $1,220,000 $152,500 $3,579 6.52%
ANN ARBOR, MI (FHA|USDA|VA) 2 $1,010,000 $505,000 $11,570 7.56%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 6.82%
TOLEDO, OH (FHA|USDA|VA) 1 $415,000 $415,000 $8,176 6.25%
MONROE, MI (FHA|USDA|VA) 1 $355,000 $355,000 $6,540 6.63%
NILES, MI (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.49%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $325,000 $325,000 $3,182 6.50%
Scottsburg, IN (FHA|USDA|VA) 1 $305,000 $305,000 $3,864 7.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,670 7.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $185,000 $185,000 $5,848 6.63%
Tiffin, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.25%
County National Bank's top markets include Jackson, Hillsdale, Lansing, Adrian, and Miami among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against County National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TLC COMMUNITY Credit Union
    Similarity Rank: 45
    MARSHALL COMMUNITY CREDIT UNION
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    OAK MORTGAGE, LLC
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    FIRST CHOICE MH LLC
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    Kellogg Community Credit Union
    Similarity Rank: 294
    SUMMIT HOME MORTGAGE, LLC
    Similarity Rank: 315
    OMNI Community Credit Union
    Similarity Rank: 448
    Honor Credit Union
    Similarity Rank: 640
    The Dart Bank
    Similarity Rank: 670
    MORTGAGE CENTER L.C
    Similarity Rank: 728

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 276 $73,850,000 $267,572 $4,646 7.06%

    For 2023, County National Bank's most frequently originated type of loan was Conventional, with 276 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 196 $46,850,000 $239,031 $4,903 7.16%
    Cash Out Refi 35 $4,905,000 $140,143 $4,031 6.56%
    Refi 23 $18,125,000 $788,043 $4,557 6.93%
    Home Improvement 14 $3,070,000 $219,286 $3,717 7.29%
    Other 8 $900,000 $112,500 $3,512 6.70%

    For 2023, County National Bank's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 159 $33,455,000 $210,409 $4,735 6.91%
    20 Year 55 $10,715,000 $194,818 $3,218 7.75%
    15 Year 24 $3,850,000 $160,417 $3,897 6.47%
    10 Year 14 $1,210,000 $86,429 $3,210 6.48%
    Other 13 $10,465,000 $805,000 $0 8.13%
    30+ year 9 $3,235,000 $359,444 $7,638 6.76%
    3 Year 1 $9,915,000 $9,915,000 $0 7.50%
    5 Year 1 $1,005,000 $1,005,000 $0 3.75%

    For 2023, County National Bank's most frequently cited loan duration was 30 Year, with 159 originations. The 2nd most popular length was 20 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 60 $5,590,000 $93,167
    $2k-3k 51 $8,835,000 $173,235
    $<1k 41 $6,065,000 $147,927
    $3k-4k 29 $6,585,000 $227,069
    $4k-5k 12 $3,440,000 $286,667
    $5k+ 9 $9,755,000 $1,083,889

    County National Bank's average total fees were $4,735, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 60 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 143 $27,345,000 $191,224
    7-8% 78 $33,990,000 $435,769
    Over 8% 32 $6,920,000 $216,250
    5-6% 16 $2,120,000 $132,500
    4-5% 3 $835,000 $278,333
    3-4% 2 $1,310,000 $655,000

    During 2023, County National Bank's average interest rate for loans was 6.91%, while their most frequently originated rate bucket for loans was 6-7%, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 112 $16,060,000 $143,393 $4,040 7.06%
    $100,000 or less 80 $5,400,000 $67,500 $3,044 7.12%
    $200k-400k 60 $17,230,000 $287,167 $5,454 6.95%
    $1MM+ 11 $28,025,000 $2,547,727 $38,723 7.26%
    $400k-600k 8 $3,580,000 $447,500 $8,450 6.90%
    $600k-1MM 5 $3,555,000 $711,000 $11,572 7.15%

    2023 saw County National Bank place emphasis on $100k-200k loans with 112 originations, totaling $16,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 63 $5,535,000 $87,857 $3,191 6.90%
    $50k-75k 53 $7,605,000 $143,491 $3,943 6.89%
    $100k-150k 43 $9,565,000 $222,442 $5,025 7.09%
    $75k-100k 37 $6,965,000 $188,243 $4,363 6.98%
    $150k-250k 21 $6,255,000 $297,857 $6,087 6.70%
    $250k+ 17 $13,265,000 $780,294 $12,360 6.69%

    County National Bank lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $50k-75k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $8,450,000 $169,000 $4,149 6.79%
    30-36% 40 $10,510,000 $262,750 $4,967 6.69%
    >60% 23 $6,725,000 $292,391 $5,234 7.31%
    <20% 20 $3,110,000 $155,500 $4,055 6.79%
    49% 9 $1,895,000 $210,556 $5,026 6.81%
    38% 9 $1,155,000 $128,333 $3,715 6.94%
    37% 8 $1,020,000 $127,500 $3,549 6.94%
    41% 8 $2,500,000 $312,500 $5,445 6.45%
    42% 8 $1,480,000 $185,000 $4,517 7.16%
    50-60% 8 $1,930,000 $241,250 $5,715 7.55%
    36% 8 $1,110,000 $138,750 $4,416 7.23%
    40% 7 $2,405,000 $343,571 $7,324 7.05%
    47% 7 $1,185,000 $169,286 $3,963 7.00%
    43% 6 $1,140,000 $190,000 $4,699 6.73%
    46% 6 $980,000 $163,333 $4,686 6.91%
    48% 6 $670,000 $111,667 $4,079 6.90%
    39% 5 $1,585,000 $317,000 $5,816 7.20%
    44% 4 $1,160,000 $290,000 $6,756 7.09%
    45% 3 $485,000 $161,667 $3,856 7.13%

    County National Bank lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 217 $46,955,000 $216,382 $4,676 6.91%
    Not applicable 39 $24,025,000 $616,026 $0 7.89%
    Not provided 18 $2,580,000 $143,333 $4,452 7.18%
    American Indian 2 $290,000 $145,000 $3,422 6.69%

    Approval Rates

    Total approvals of all applications
    90.50%

    County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.61%

    County National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 276 $73,850,000 $267,572

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    276 $73,850,000 $267,572

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,640,000 $130,000 $3,115 6.57%
    40-60% 41 $16,265,000 $396,707 $3,601 7.05%
    60-80% 99 $23,825,000 $240,657 $5,005 7.08%
    80-100% 100 $27,820,000 $278,200 $5,152 7.17%
    Over 100% 1 $305,000 $305,000 $0 8.50%
    Under 20% 7 $1,995,000 $285,000 $2,963 6.88%