Cornerstone First Mortgage Interest Rate and Cost Review

Is Cornerstone First Mortgage a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Cornerstone First Mortgage to those of other lenders for a comparable set of borrowers. Here is our review of Cornerstone First Mortgage nationally:

Review ItemCornerstone First Mortgage
Interest Ratesimilar to other lenders (+0.06%)
Loan Related Closing Costssimilar to other lenders (+$172)
National Rate and Closing Cost Star Rating(3)

On average, Cornerstone First Mortgage’s interest rates were similar to those of other lenders (+0.06%). Its loan related closing costs were also similar to those of other lenders, with a difference of +$172. Overall, combining interest rates and closing costs we estimate that Cornerstone First Mortgage tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Cornerstone First Mortgage, check out its website at:

Cornerstone First Mortgage’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Cornerstone First Mortgage was most active in:

  1. San Diego, CA
  2. Las Vegas, NV
  3. Los Angeles, CA
  4. Atlanta, GA
  5. Phoenix, AZ

Cornerstone First Mortgage’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Cornerstone First Mortgage originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.08%+0.06%+0.03%+0.01%+0.08%
Loan Related Closing Cost Difference+$116+$129+$119+$31+$399
Cost Adjusted Rate Difference+0.08%+0.08%+0.03%+0.02%+0.09%
National Star Rating(3)(3)(3.5)(3.5)(3)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference+0.05%+0.01%+0.03%-0.00%
Loan Related Closing Cost Difference+$207+$60+$239+$39
Cost Adjusted Rate Difference+0.05%+0.01%+0.04%+0.00%
Average Star Rating(3)(3.5)(3.5)(3.5)

As a summary, Cornerstone First Mortgage is similar to other lenders for Jumbo and USDA purchase mortgages. It is more expensive than other lenders for Conforming, FHA and VA purchase mortgages. For refinancing mortgages, Cornerstone First Mortgage is similar to other lenders for FHA, Jumbo and VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Cornerstone First Mortgage:

Registered name: Cstone Mortgage Inc
Registered city and state: San Diego, CA, 92108
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Cornerstone First Mortgage’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.