City National Bank of WV Mortgage Interest Rate and Cost Review

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

Review ItemCity National Bank of WV
Interest Ratesimilar to other lenders (+0.03%)
Loan Related Closing Costssimilar to other lenders (-$92)
National Rate and Closing Cost Star Rating(3.5)

On average, City National Bank of WV’s interest rates were similar to those of other lenders (+0.03%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$92. Overall, combining interest rates and closing costs we estimate that City National Bank of WV tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit City National Bank of WV, its website is located at: https://www.bankatcity.com.

City National Bank of WV’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track City National Bank of WV was most active in:

  1. Charleston, WV
  2. Beckley, WV
  3. Huntington, WV
  4. Frederick, MD
  5. Front Royal, VA

City National Bank of WV’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, City National Bank of WV originated Conforming 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 MortgagesConforming
Interest Rate Difference-0.00%
Loan Related Closing Cost Difference-$47
Cost Adjusted Rate Difference-0.01%
National Star Rating(3.5)
Refinance MortgagesConforming
Interest Rate Difference+0.04%
Loan Related Closing Cost Difference-$105
Cost Adjusted Rate Difference+0.01%
Average Star Rating(3.5)

As a summary, City National Bank of WV is similar to other lenders for Conforming purchase mortgages. For refinancing, City National Bank of WV is similar to 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 City National Bank of WV:

Registered name: City National Bank of WV
Registered city and state: Cross Lanes, WV, 25313
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: CITY HOLDING COMPANY

* 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 City National Bank of WV’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.