City National Bank Of Florida Mortgage Rates, Fees & Info

Miami, FL

LEI: GDN5JXQ4P5NZE28ZRC90

Tax ID: 59-1297458

5 stars - Updated: 12/3/24 - out of 5 stars, based on 31 reviews

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

Jump to:

Mortgage Data

Review & Overview

City National Bank Of Florida is a smaller bank specializing in Home Purchase loans. City National Bank Of Florida 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: Miami, Orlando, Tampa, Jacksonville, and Memphis among others. We have data for 69 markets. (Some data included below & more in-depth data is available with an active subscription.)

City National Bank Of Florida 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. City National Bank Of Florida is typically a high 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 6.40% 12/3/24
30 Year Conventional Refi 6.45% 12/3/24
30 Year Cash-out Refi 6.46% 12/3/24
30 Year FHA Purchase 6.56% 12/3/24
30 Year VA Purchase 6.03% 12/3/24
15 Year Conventional Purchase 6.03% 12/3/24
15 Year Conventional Refi 6.03% 12/3/24
15 Year Cash-out Refi 6.03% 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.

City National Bank Of Florida Mortgage Calculator






Your Estimates

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

This is not an official calculator from City National Bank Of Florida. 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

942

Origination Dollar Volume (All Markets)

$912,930,000
Show all (10) awards

Relative Rate

City National Bank Of Florida's average 30 year fixed mortgage rate was 5.91%.

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

This yields a difference of -0.57%.

Relative Fees (Closing Costs)

City National Bank Of Florida's average total fees/closing costs for a 30 year fixed rate mortgage were $9,105.

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
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 562 $593,860,000 $1,056,690 $9,707 5.70%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 120 $63,800,000 $531,667 $8,024 5.77%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $58,350,000 $4,167,857 $11,562 6.37%
JACKSONVILLE, FL (FHA|USDA|VA) 36 $31,250,000 $868,056 $9,677 6.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $26,405,000 $26,405,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $18,855,000 $1,450,385 $10,684 5.67%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $9,225,000 $3,075,000 $16,853 5.96%
Key West, FL (FHA|USDA|VA) 9 $7,715,000 $857,222 $8,721 6.83%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $7,660,000 $1,276,667 $10,903 6.21%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 17 $6,395,000 $376,176 $6,965 6.93%
Outside of Metro Areas 9 $6,075,000 $675,000 $4,924 6.82%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $5,985,000 $855,000 $10,639 6.30%
PORT ST. LUCIE, FL (FHA|USDA|VA) 15 $5,875,000 $391,667 $7,218 6.64%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 15 $5,435,000 $362,333 $5,139 6.51%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $5,190,000 $2,595,000 $34,693 5.44%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 25 $5,105,000 $204,200 $5,831 6.58%
PANAMA CITY, FL (FHA|USDA|VA) 1 $4,375,000 $4,375,000 $89,625 5.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $3,735,000 $1,245,000 $18,966 6.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $3,325,000 $665,000 $6,742 6.18%
FRESNO, CA (FHA|USDA|VA) 3 $2,795,000 $931,667 $4,580 6.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,645,000 $377,857 $7,299 6.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $2,190,000 $1,095,000 $6,267 6.06%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $7,324 6.44%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,995,000 $665,000 $4,399 6.46%
OCALA, FL (FHA|USDA|VA) 2 $1,990,000 $995,000 $9,790 6.19%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,845,000 $615,000 $6,701 6.33%
Glenwood Springs, CO (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $0 5.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,590,000 $795,000 $6,084 5.81%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $1,500,000 $750,000 $19,333 6.50%
MADERA, CA (FHA|USDA|VA) 2 $1,480,000 $740,000 $4,980 6.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,380,000 $690,000 $5,295 6.19%
COLUMBUS, OH (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $6,996 5.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $1,220,000 $610,000 $6,133 6.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $4,839 7.00%
Sevierville, TN (FHA|USDA|VA) 2 $980,000 $490,000 $4,285 6.94%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $965,000 $965,000 $13,249 5.63%
RENO, NV (FHA|USDA|VA) 1 $915,000 $915,000 $6,830 6.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $895,000 $895,000 $5,160 6.50%
ASHEVILLE, NC (FHA|USDA|VA) 2 $880,000 $440,000 $4,149 5.81%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $875,000 $875,000 $6,059 6.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $870,000 $435,000 $7,792 5.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $855,000 $855,000 $4,384 6.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $815,000 $815,000 $5,785 5.88%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $785,000 $785,000 $4,050 6.50%
BINGHAMTON, NY (FHA|USDA|VA) 1 $655,000 $655,000 $6,695 6.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $640,000 $320,000 $2,911 7.19%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $625,000 $625,000 $4,328 5.50%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $585,000 $195,000 $4,939 6.04%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $565,000 $565,000 $3,436 6.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $565,000 $565,000 $10,424 5.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $490,000 $245,000 $3,832 6.06%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $485,000 $485,000 $9,751 7.38%
MEDFORD, OR (FHA|USDA|VA) 1 $465,000 $465,000 $3,851 6.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $345,000 $345,000 $8,482 5.75%
TOLEDO, OH (FHA|USDA|VA) 1 $295,000 $295,000 $3,917 7.75%
NEW BERN, NC (FHA|USDA|VA) 1 $285,000 $285,000 $5,667 5.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $285,000 $285,000 $4,778 7.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,989 6.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,278 6.88%
ERIE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,351 6.50%
Lake City, FL (FHA|USDA|VA) 1 $195,000 $195,000 $11,479 6.37%
Alamogordo, NM (FHA|USDA|VA) 1 $185,000 $185,000 $2,623 5.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $185,000 $61,667 $0 7.46%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $185,000 $185,000 $4,477 7.38%
AKRON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,945 6.38%
SAVANNAH, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $155,000 $155,000 $1,859 5.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.88%
City National Bank Of Florida's top markets include Miami, Orlando, Tampa, Jacksonville, and Memphis among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Similar Lenders

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

    N C P D Federal Credit Union
    Similarity Rank: 126
    Columbia Bank
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 168
    Blue Foundry Bank
    Similarity Rank: 188
    PCSB Bank
    Similarity Rank: 207
    LYONS MORTGAGE SERVICES, INC.
    Similarity Rank: 267
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 284
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 288

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 914 $902,070,000 $986,947 $8,982 5.89%
    FHA 20 $7,770,000 $388,500 $12,766 6.25%
    VA 8 $3,090,000 $386,250 $12,202 6.59%

    For 2023, City National Bank Of Florida's most frequently originated type of loan was Conventional, with 914 originations. Their 2nd most popular type was FHA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 832 $716,590,000 $861,286 $9,015 5.90%
    Cash Out Refi 49 $130,885,000 $2,671,122 $10,780 6.09%
    Refi 28 $25,750,000 $919,643 $7,001 5.49%
    Other 25 $29,245,000 $1,169,800 $9,398 6.14%
    Home Improvement 8 $10,460,000 $1,307,500 $16,617 6.42%

    For 2023, City National Bank Of Florida's most frequently cited loan purpose was Home Purchase, with 832 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 914 $720,660,000 $788,468 $9,105 5.91%
    Other 12 $179,340,000 $14,945,000 $0 0.00%
    15 Year 11 $5,345,000 $485,909 $7,966 5.87%
    30+ year 4 $7,430,000 $1,857,500 $13,933 6.09%
    20 Year 1 $155,000 $155,000 $5,340 5.88%

    For 2023, City National Bank Of Florida's most frequently cited loan duration was 30 Year, with 914 originations. The 2nd most popular length was Other, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 640 $426,860,000 $666,969
    $5k+ 77 $129,525,000 $1,682,143
    $2k-3k 58 $37,940,000 $654,138
    $3k-4k 45 $34,435,000 $765,222
    $4k-5k 19 $43,675,000 $2,298,684
    $<1k 9 $3,435,000 $381,667

    City National Bank Of Florida's average total fees were $9,105, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 640 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 316 $229,780,000 $727,152
    5-6% 279 $333,085,000 $1,193,853
    3-4% 121 $26,465,000 $218,719
    7-8% 118 $72,540,000 $614,746
    4-5% 71 $32,895,000 $463,310
    Over 8% 19 $37,505,000 $1,973,947
    2.5-3% 6 $1,320,000 $220,000

    During 2023, City National Bank Of Florida's average interest rate for loans was 5.91%, while their most frequently originated rate bucket for loans was 6-7%, with 316 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 287 $85,095,000 $296,498 $5,636 5.66%
    $400k-600k 190 $91,320,000 $480,632 $7,867 6.49%
    $1MM+ 164 $598,580,000 $3,649,878 $21,903 6.08%
    $600k-1MM 153 $116,115,000 $758,922 $8,629 6.31%
    $100k-200k 129 $20,435,000 $158,411 $4,294 5.09%
    $100,000 or less 19 $1,385,000 $72,895 $3,616 4.71%

    2023 saw City National Bank Of Florida place emphasis on $200k-400k loans with 287 originations, totaling $85,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 385 $499,105,000 $1,296,377 $12,697 6.39%
    $150k-250k 140 $65,770,000 $469,786 $7,996 6.42%
    $50k-75k 121 $26,125,000 $215,909 $4,466 4.17%
    $100k-150k 103 $34,845,000 $338,301 $6,391 6.22%
    $75k-100k 86 $24,120,000 $280,465 $5,664 5.77%
    $50k or less 42 $5,760,000 $137,143 $3,948 4.27%

    City National Bank Of Florida lent most frequently to those with incomes in the $250k+ range, with 385 originations. The second most popular income band? $150k-250k, with 140 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 163 $149,655,000 $918,129 $10,477 6.01%
    20-30% 133 $93,185,000 $700,639 $8,148 6.10%
    <20% 92 $72,140,000 $784,130 $8,848 6.55%
    42% 68 $61,900,000 $910,294 $9,885 5.97%
    37% 51 $33,545,000 $657,745 $7,069 5.93%
    40% 49 $27,035,000 $551,735 $6,747 5.69%
    39% 47 $28,695,000 $610,532 $7,538 5.52%
    44% 47 $25,575,000 $544,149 $6,415 4.53%
    38% 47 $27,535,000 $585,851 $8,671 5.70%
    43% 38 $27,390,000 $720,789 $7,745 5.36%
    41% 37 $20,915,000 $565,270 $6,933 5.54%
    36% 25 $24,125,000 $965,000 $8,344 5.76%
    49% 23 $7,835,000 $340,652 $7,629 6.58%
    48% 21 $12,335,000 $587,381 $8,828 6.52%
    45% 16 $5,940,000 $371,250 $6,217 5.75%
    46% 15 $15,545,000 $1,036,333 $11,826 6.29%
    47% 14 $22,170,000 $1,583,571 $18,934 6.44%
    50-60% 8 $4,550,000 $568,750 $12,992 5.59%
    >60% 3 $3,735,000 $1,245,000 $14,102 4.79%

    City National Bank Of Florida lent most frequently to those with DTI ratios of 30-36%, with 163 originations. The next most common DTI ratio? 20-30%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 725 $598,575,000 $825,621 $9,492 6.07%
    Not applicable 12 $179,340,000 $14,945,000 $0 0.00%
    Not provided 71 $74,755,000 $1,052,887 $10,676 5.77%
    Black 96 $29,950,000 $311,979 $5,360 4.72%
    Asian 31 $26,175,000 $844,355 $8,734 5.91%
    American Indian 7 $4,135,000 $590,714 $8,559 6.82%

    Approval Rates

    Total approvals of all applications
    90.99%

    City National Bank Of Florida has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.90%

    City National Bank Of Florida 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 942 $912,930,000 $969,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    942 $912,930,000 $969,140

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $53,180,000 $1,329,500 $13,292 6.23%
    40-60% 122 $121,110,000 $992,705 $9,767 5.90%
    60-80% 396 $342,240,000 $864,242 $10,370 6.21%
    80-100% 362 $211,690,000 $584,779 $7,133 5.54%
    Over 100% 3 $1,435,000 $478,333 $18,915 6.62%
    Under 20% 7 $3,935,000 $562,143 $10,616 6.13%