Cf Bank Mortgage Rates, Fees & Info
Worthington, OHLEI: 549300ZGCIDP1G72QO72
Tax ID: 34-0137475
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Mortgage Data
Review & Overview
Cf Bank is a smaller bank specializing in Home Purchase and Refi loans. Cf Bank has a high proportion of conventional 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: Cincinnati, Columbus, Cleveland, Dayton, and Virginia Beach among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)Cf 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. Cf 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.32% | 4/26/25 |
| 30 Year Conventional Refi | 6.68% | 4/26/25 |
| 30 Year Cash-out Refi | 7.61% | 4/26/25 |
| 30 Year FHA Purchase | 6.89% | 4/26/25 |
| 30 Year FHA Refi | 6.62% | 4/26/25 |
| 30 Year VA Purchase | 6.72% | 4/26/25 |
| 30 Year VA Refi | 6.72% | 4/26/25 |
| 15 Year Conventional Purchase | 5.93% | 4/26/25 |
| 15 Year Conventional Refi | 6.00% | 4/26/25 |
| 15 Year Cash-out Refi | 6.00% | 4/26/25 |
| 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. | ||
Cf Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
203Origination Dollar Volume (All Markets)
$97,425,000Awards
Cf Bank - 2024
Cf Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Cf Bank's average 30 year fixed mortgage rate was
7.22%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.67%.
Relative Fees (Closing Costs)
Cf Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,517.
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 $8,356.
Top Markets
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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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 17 | $27,225,000 | $1,601,471 | $6,027 | 7.52% |
| COLUMBUS, OH (FHA|USDA|VA) | 47 | $15,555,000 | $330,957 | $3,810 | 7.08% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 41 | $10,615,000 | $258,902 | $4,256 | 7.42% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $9,190,000 | $2,297,500 | $4,622 | 7.26% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $3,255,000 | $3,255,000 | $0 | 7.50% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 12 | $2,670,000 | $222,500 | $4,019 | 7.07% |
| AKRON, OH (FHA|USDA|VA) | 12 | $2,520,000 | $210,000 | $3,464 | 6.72% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,160,000 | $1,080,000 | $10,461 | 7.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $4,651 | 8.12% |
| Outside of Metro Areas | 4 | $1,990,000 | $497,500 | $12,758 | 8.22% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $1,530 | 6.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $4,937 | 7.45% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $10,472 | 7.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $3,675 | 6.90% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $1,507 | 6.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $12,797 | 7.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 6.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,054 | 6.99% |
| Bennington, VT (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $13,028 | 7.62% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $1,665 | 6.12% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $2,932 | 6.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,796 | 8.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,091 | 6.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $12,039 | 7.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $1,483 | 6.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,741 | 6.75% |
| LIMA, OH (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,330 | 6.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,100 | 5.99% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,185 | 7.24% |
| Salem, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,788 | 7.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,462 | 6.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,517 | 7.50% |
| Marion, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,500 | 6.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $925 | 6.62% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,206 | 6.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,385 | 6.63% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,740 | 7.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 7.13% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.38% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,128 | 6.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,919 | 6.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,766 | 6.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,519 | 9.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,309 | 7.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,191 | 6.99% |
| Brenham, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,455 | 6.99% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,219 | 7.63% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,007 | 6.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Cf Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 193 | $95,365,000 | $494,119 | $4,386 | 7.26% |
| FHA | 10 | $2,060,000 | $206,000 | $6,538 | 6.21% |
For 2024, Cf Bank's most frequently originated type of loan was Conventional, with 193 originations. Their 2nd most popular type was FHA, with 10 originations.
Loan Reason
For 2024, Cf Bank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Loan Duration/Length
For 2024, Cf Bank's most frequently cited loan duration was 30 Year, with 195 originations. The 2nd most popular length was 5 Year, with 4 originations.
Origination Fees/Closing Costs
Cf Bank's average total fees were $4,517, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 92 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 89 | $44,435,000 | $499,270 |
| 7-8% | 49 | $25,145,000 | $513,163 |
| Over 8% | 45 | $14,445,000 | $321,000 |
| 5-6% | 20 | $13,400,000 | $670,000 |
During 2024, Cf Bank's average interest rate for loans was 7.22%, while their most frequently originated rate bucket for loans was 6-7%, with 89 originations.
Loan Sizing
2024 saw Cf Bank place emphasis on $200k-400k loans with 82 originations, totaling $23,730,000 in origination value.
Applicant Income
Cf Bank lent most frequently to those with incomes in the $250k+ range, with 46 originations. The second most popular income band? $150k-250k, with 45 originations.
Applicant Debt to Income Ratio
Cf Bank lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.84%
Cf Bank has an average approval rate.
Pick Rate
Approvals leading to origination19.21%
Cf Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 203 | $97,425,000 | $479,926 |