County National Bank Mortgage Interest Rate and Cost Review

Is County National Bank a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by County National Bank with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.08%)
Loan Related Closing Costssimilar to average (+$134)
National Rate and Closing Cost Rating(4.0)

On average, County National Bank’s interest rates were similar to those of other lenders (-0.08%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of +$134. Overall, combining interest rates and closing costs we estimate that County National Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

County National Bank’s Rates by Area

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

  1. Ann Arbor, MI
  2. Portage, MI
  3. Lansing, MI
  4. Fort Wayne, IN
  5. Toledo, OH

You can click through to check out County National Bank’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

County National Bank’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, County National Bank originated Conforming, Jumbo and USDA mortgages for new home purchases. It also originated Conforming and Jumbo mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingJumboUSDA
Interest Rate Difference-0.07%+0.01%+0.02%
Loan Related Closing Cost Difference+$259+$73-$24
Cost Adjusted Rate Difference-0.05%+0.01%+0.01%
Star Rating(3.5)(3.5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.09%+0.01%
Loan Related Closing Cost Difference+$16+$266
Cost Adjusted Rate Difference-0.10%+0.01%
Star Rating(4.0)(3.5)

As a summary, County National Bank is similar to other lenders for Conforming, Jumbo and USDA purchase mortgages. For refinancing mortgages, County National Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about County National Bank:

Registered name: County National Bank
Registered city and state: HILLSDALE, MI, 49242
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 County 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.