Central National Bank Mortgage Interest Rate and Cost Review

Is Central National Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Central National Bank to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Central National Bank nationally:

Review ItemCentral National Bank
Interest Ratesimilar to other lenders (-0.09%)
Loan Related Closing Costssimilar to other lenders (-$193)
National Rate and Closing Cost Star Rating(4)

On average, Central National Bank’s interest rates were similar to those of other lenders (-0.09%) for a comparable set of borrowers. Its loan related closing costs were also similar to those of other lenders, with a difference of -$193. Overall, combining interest rates and closing costs we estimate that Central National Bank tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit Central National Bank, its website is located at: https://centralnational.com.

Central National Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Central National Bank was most active in:

  1. Topeka, KS
  2. Omaha, NE
  3. Kansas City, MO
  4. Manhattan, KS
  5. Wichita, KS

In addition, Central National Bank is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

You can click through to check out Central National Bank’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Central National Bank’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, Central National Bank originated Conforming, FHA and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAVA
Interest Rate Difference-0.09%-0.10%-0.07%
Loan Related Closing Cost Difference-$261-$140-$89
Cost Adjusted Rate Difference-0.12%-0.12%-0.08%
National Star Rating(4)(4)(4)
Refinance MortgagesConformingFHAVA
Interest Rate Difference-0.10%-0.02%-0.00%
Loan Related Closing Cost Difference-$152-$51-$12
Cost Adjusted Rate Difference-0.11%-0.03%-0.00%
Average Star Rating(4)(3.5)(3.5)

As a summary, Central National Bank is cheap for Conforming, FHA and VA purchase mortgages. For refinancing, Central National Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA and VA 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 Central National Bank:

Registered name: Central National Bank
Registered city and state: JUNCTION CITY, KS, 66441
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: CENTRAL OF KANSAS, INC.

* 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 Central National Bank’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.