Cibc Bank Usa Mortgage Rates, Fees & Info
Chicago, ILLEI: FDXQ75GPEQKRPWABYN63
Tax ID: 36-3722148
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Mortgage Data
Review & Overview
Cibc Bank Usa is a small bank specializing in Home Purchase loans. Cibc Bank Usa 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: Chicago, San Francisco, Charlotte, Detroit, and Milwaukee among others. We have data for 102 markets. (Some data included below & more in-depth data is available with an active subscription.)Cibc Bank Usa 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. Cibc Bank Usa 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.45% | 4/21/24 |
| 30 Year Conventional Refi | 6.18% | 4/21/24 |
| 30 Year Cash-out Refi | 6.11% | 4/21/24 |
| 30 Year FHA Purchase | 7.35% | 4/21/24 |
| 30 Year FHA Refi | 8.18% | 4/21/24 |
| 30 Year VA Purchase | 6.01% | 4/21/24 |
| 15 Year Conventional Purchase | 6.22% | 4/21/24 |
| 15 Year Conventional Refi | 5.89% | 4/21/24 |
| 15 Year Cash-out Refi | 5.89% | 4/21/24 |
| 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. | ||
Cibc Bank Usa Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
743Origination Dollar Volume (All Markets)
$1,256,165,000Awards
CIBC Bank USA - 2022
CIBC Bank USA is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 386 | $276,630,000 | $716,658 | $6,940 | 4.68% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $71,015,000 | $14,203,000 | $6,727 | 3.11% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $68,560,000 | $34,280,000 | $3,172 | 4.18% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 21 | $63,555,000 | $3,026,429 | $4,768 | 4.73% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 26 | $58,560,000 | $2,252,308 | $4,845 | 4.79% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $57,655,000 | $11,531,000 | $4,583 | 4.01% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $55,365,000 | $18,455,000 | $7,659 | 6.20% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $49,160,000 | $12,290,000 | $5,184 | 3.74% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $48,005,000 | $48,005,000 | $0 | 2.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $41,755,000 | $13,918,333 | $8,917 | 4.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $37,380,000 | $3,738,000 | $8,575 | 3.58% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $35,780,000 | $2,236,250 | $12,868 | 3.60% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $35,020,000 | $3,502,000 | $5,830 | 3.97% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $34,555,000 | $11,518,333 | $6,501 | 4.70% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $29,820,000 | $4,970,000 | $8,591 | 3.45% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $19,005,000 | $19,005,000 | $0 | 2.39% |
| Outside of Metro Areas | 11 | $18,245,000 | $1,658,636 | $7,719 | 3.03% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $17,070,000 | $1,422,500 | $7,683 | 4.09% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $14,595,000 | $4,865,000 | $10,328 | 4.04% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 13 | $14,285,000 | $1,098,846 | $4,910 | 3.57% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $14,005,000 | $14,005,000 | $0 | 3.27% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $13,505,000 | $13,505,000 | $0 | 2.36% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $9,555,000 | $1,061,667 | $7,289 | 3.54% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $8,300,000 | $1,383,333 | $6,119 | 3.21% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $8,275,000 | $1,182,143 | $5,198 | 3.30% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $8,230,000 | $2,057,500 | $9,158 | 3.72% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $8,135,000 | $739,545 | $4,952 | 3.51% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $7,800,000 | $1,300,000 | $9,349 | 3.56% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $7,535,000 | $1,507,000 | $6,129 | 4.20% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 30 | $7,150,000 | $238,333 | $5,192 | 4.90% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $6,755,000 | $965,000 | $6,089 | 3.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $6,175,000 | $1,235,000 | $9,080 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 6 | $6,140,000 | $1,023,333 | $6,723 | 3.46% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $14,981 | 4.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $5,810,000 | $968,333 | $6,414 | 4.27% |
| Whitewater, WI (FHA|USDA|VA) | 9 | $5,325,000 | $591,667 | $4,208 | 4.96% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $5,085,000 | $1,695,000 | $11,582 | 3.17% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $4,125,000 | $4,125,000 | $9,513 | 2.88% |
| NILES, MI (FHA|USDA|VA) | 4 | $3,920,000 | $980,000 | $9,733 | 4.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $3,775,000 | $1,258,333 | $10,710 | 4.13% |
| Heber, UT (FHA|USDA|VA) | 1 | $3,755,000 | $3,755,000 | $9,978 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $2,735,000 | $911,667 | $7,276 | 3.46% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $2,700,000 | $1,350,000 | $13,965 | 3.44% |
| Key West, FL (FHA|USDA|VA) | 1 | $2,515,000 | $2,515,000 | $16,196 | 4.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $4,776 | 3.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $2,460,000 | $1,230,000 | $5,257 | 3.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $2,450,000 | $1,225,000 | $9,689 | 3.56% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $7,093 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $2,000,000 | $1,000,000 | $5,715 | 3.56% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,975,000 | $1,975,000 | $7,277 | 2.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $1,885,000 | $1,885,000 | $13,892 | 3.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $6,522 | 3.25% |
| Bennington, VT (FHA|USDA|VA) | 2 | $1,710,000 | $855,000 | $6,220 | 3.13% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $7,744 | 5.00% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $4,385 | 2.38% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $1,625,000 | $1,625,000 | $7,027 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $5,571 | 3.58% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $5,381 | 4.46% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $3,919 | 3.44% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $5,021 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $5,616 | 2.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $9,152 | 3.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $9,299 | 4.38% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $5,360 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $4,292 | 4.13% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $3,883 | 3.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $9,387 | 4.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $5,685 | 2.50% |
| Brevard, NC (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $6,964 | 4.50% |
| READING, PA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $8,638 | 3.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $8,505 | 4.50% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $4,753 | 5.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,393 | 2.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,759 | 2.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,891 | 2.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,353 | 5.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,500 | 2.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,177 | 2.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $7,488 | 3.63% |
| Astoria, OR (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,588 | 3.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,374 | 3.13% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,464 | 3.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,248 | 6.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,861 | 5.38% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,121 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,201 | 3.88% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 2.68% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,055 | 4.19% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,280 | 4.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,338 | 4.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,045 | 4.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,308 | 5.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,632 | 3.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,599 | 4.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,362 | 5.13% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,668 | 5.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,753 | 2.88% |
| Corning, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,751 | 6.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,956 | 4.75% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,702 | 5.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,782 | 4.50% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,863 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against CIBC Bank USA 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 | 627 | $1,228,815,000 | $1,959,833 | $6,154 | 4.25% |
| FHA | 115 | $27,245,000 | $236,913 | $9,788 | 4.96% |
| VA | 1 | $105,000 | $105,000 | $7,540 | 6.25% |
For 2022, Cibc Bank Usa's most frequently originated type of loan was Conventional, with 627 originations. Their 2nd most popular type was FHA, with 115 originations.
Loan Reason
For 2022, Cibc Bank Usa's most frequently cited loan purpose was Home Purchase, with 544 originations. The 2nd most popular reason was Cash Out Refi, with 74 originations.
Loan Duration/Length
For 2022, Cibc Bank Usa's most frequently cited loan duration was 30 Year, with 683 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Cibc Bank Usa's average total fees were $6,884, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 549 originations.
Interest Rates
During 2022, Cibc Bank Usa's average interest rate for loans was 4.37%, while their most frequently originated rate bucket for loans was 5-6%, with 181 originations.
Loan Sizing
2022 saw Cibc Bank Usa place emphasis on $200k-400k loans with 238 originations, totaling $66,700,000 in origination value.
Applicant Income
Cibc Bank Usa lent most frequently to those with incomes in the $250k+ range, with 241 originations. The second most popular income band? $50k-75k, with 121 originations.
Applicant Debt to Income Ratio
Cibc Bank Usa lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.61%
Cibc Bank Usa has an average approval rate.
Pick Rate
Approvals leading to origination75.24%
Cibc Bank Usa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 743 | $1,256,165,000 | $1,690,666 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 743 | $1,256,165,000 | $1,690,666 |