Citizens National Bank of Bluffton Mortgage Interest Rate and Cost Review

Is Citizens National Bank of Bluffton a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Citizens National Bank of Bluffton 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 Citizens National Bank of Bluffton nationally:

Review ItemCitizens National Bank of Bluffton
Interest Ratesimilar to other lenders (-0.02%)
Loan Related Closing Costslower than other lenders (-$281)
National Rate and Closing Cost Star Rating(4)

On average, Citizens National Bank of Bluffton’s interest rates were similar to those of other lenders (-0.02%) for a comparable set of borrowers. On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$281. Overall, combining interest rates and closing costs we estimate that Citizens National Bank of Bluffton tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. To visit Citizens National Bank of Bluffton, its website is located at: https://www.cnbohio.com.

Citizens National Bank of Bluffton’s Rate Review by City

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

  1. Lima, OH
  2. Findlay, OH
  3. Defiance, OH
  4. Kettering, OH
  5. Fort Wayne, IN

You can click through to check out Citizens National Bank of Bluffton’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.

Citizens National Bank of Bluffton’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, Citizens National Bank of Bluffton originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA 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.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference+0.00%-0.03%-0.02%-0.05%
Loan Related Closing Cost Difference-$246+$30-$3-$38
Cost Adjusted Rate Difference-0.03%-0.03%-0.02%-0.05%
National Star Rating(3.5)(3.5)(3.5)(4)
Refinance MortgagesConformingFHAVA
Interest Rate Difference-0.05%-0.03%-0.02%
Loan Related Closing Cost Difference-$388-$42-$38
Cost Adjusted Rate Difference-0.09%-0.03%-0.02%
Average Star Rating(4)(3.5)(3.5)

As a summary, Citizens National Bank of Bluffton is cheap for VA purchase mortgages. It is similar to other lenders for Conforming, FHA and USDA purchase mortgages. For refinancing mortgages, Citizens National Bank of Bluffton 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 Citizens National Bank of Bluffton:

Registered name: The Citizens National Bank of Bluffton
Registered city and state: Bluffton, OH, 45817
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: CITIZENS BANCSHARES, 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 Citizens National Bank of Bluffton’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.