CF Bank Mortgage Interest Rate and Cost Review

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

Review ItemCF Bank
Interest Ratelower than other lenders (-0.11%)
Loan Related Closing Costslower than other lenders (-$559)
National Rate and Closing Cost Star Rating(4)

On average, CF Bank’s interest rates were lower than those of other lenders (-0.11%). Its loan related closing costs were also lower than those of other lenders, with a difference of -$559. Overall, combining interest rates and closing costs we estimate that CF Bank 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 CF Bank, check out its website at: https://www.cfbankonline.com.

CF Bank’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 CF Bank was most active in:

  1. Columbus, OH
  2. Los Angeles, CA
  3. Washington, DC
  4. Phoenix, AZ
  5. Seattle, WA

CF 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, CF Bank originated Conforming, FHA, Jumbo 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 MortgagesConformingFHAJumboVA
Interest Rate Difference-0.03%-0.00%+0.00%-0.01%
Loan Related Closing Cost Difference-$241-$37-$18-$26
Cost Adjusted Rate Difference-0.04%-0.01%+0.00%-0.01%
National Star Rating(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.13%-0.01%+0.01%-0.01%
Loan Related Closing Cost Difference-$657-$37-$33-$43
Cost Adjusted Rate Difference-0.16%-0.01%+0.01%-0.01%
Average Star Rating(4.5)(3.5)(3.5)(3.5)

As a summary, CF Bank is similar to other lenders for Conforming, FHA, Jumbo and VA purchase mortgages. For refinancing, CF Bank 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 CF Bank:

Registered name: CF Bank National Association
Registered city and state: Worthington, OH, 43085
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: CENTRAL FEDERAL CORPORATION

* 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 CF 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.