CNB Mortgage Company Interest Rate and Cost Review

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

Review ItemCNB Mortgage Company
Interest Ratesimilar to other lenders (-0.10%)
Loan Related Closing Costssimilar to other lenders (-$204)
National Rate and Closing Cost Star Rating(4)

On average, CNB Mortgage Company’s interest rates were similar to those of other lenders (-0.10%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$204. Overall, combining interest rates and closing costs we estimate that CNB Mortgage Company tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.

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

CNB Mortgage Company’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 CNB Mortgage Company was most active in:

  1. Rochester, NY
  2. Elmira, NY
  3. Buffalo, NY
  4. Syracuse, NY
  5. Utica, NY

CNB Mortgage Company’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, CNB Mortgage Company originated Conforming, FHA, 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 MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.09%-0.21%-0.05%-0.11%
Loan Related Closing Cost Difference-$65-$330-$63-$126
Cost Adjusted Rate Difference-0.09%-0.24%-0.06%-0.12%
National Star Rating(4)(4.5)(4)(4)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.08%+0.01%+0.00%-0.01%
Loan Related Closing Cost Difference-$429+$12+$0-$141
Cost Adjusted Rate Difference-0.12%+0.01%+0.00%-0.02%
Average Star Rating(4)(3.5)(3.5)(3.5)

As a summary, CNB Mortgage Company is cheap for Conforming, FHA, USDA and VA purchase mortgages. For refinancing mortgages, CNB Mortgage Company is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA, Jumbo 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 CNB Mortgage Company:

Registered name: CNB Mortgage Company
Registered city and state: Pittsford, NY, 14534
Regulator: Office of the Comptroller of the Currency (OCC)

* 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 CNB Mortgage Company’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.