Citizens State Bank Mortgage Rates, Fees & Info

Buffalo, TX

LEI: 2549006T1BV8J2I7XC10

Tax ID: 74-0557805

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Citizens State Bank is a smaller bank specializing in Home Purchase loans. Citizens State Bank has a high proportion of conventional loans.

    Citizens State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    77

    Origination Dollar Volume (All Markets)

    $19,665,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 77 $19,665,000 $255,390 $0 0.00%
    Citizens State Bank's top markets include

    Their top states include:
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $19,665,000 $255,390 $0 0.00%

    For 2022, Citizens State Bank's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $13,305,000 $283,085 $0 0.00%
    Cash Out Refi 14 $1,920,000 $137,143 $0 0.00%
    Refi 8 $2,940,000 $367,500 $0 0.00%
    Other 7 $915,000 $130,714 $0 0.00%
    Home Improvement 1 $585,000 $585,000 $0 0.00%

    For 2022, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $19,665,000 $255,390 $0 0.00%

    For 2022, Citizens State Bank's most frequently cited loan duration was Other, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 25 $7,475,000 $299,000 $0 0.00%
    $100k-200k 24 $3,500,000 $145,833 $0 0.00%
    $100,000 or less 16 $1,040,000 $65,000 $0 0.00%
    $400k-600k 6 $2,970,000 $495,000 $0 0.00%
    $600k-1MM 5 $3,475,000 $695,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2022 saw Citizens State Bank place emphasis on $200k-400k loans with 25 originations, totaling $7,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 20 $6,350,000 $317,500 $0 0.00%
    $100k-150k 17 $3,695,000 $217,353 $0 0.00%
    $250k+ 12 $5,580,000 $465,000 $0 0.00%
    $50k-75k 11 $1,355,000 $123,182 $0 0.00%
    $50k or less 7 $525,000 $75,000 $0 0.00%
    $75k-100k 7 $1,305,000 $186,429 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 77 $19,665,000 $255,390 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $18,695,000 $256,096 $0 0.00%
    Not applicable 2 $470,000 $235,000 $0 0.00%
    Black 1 $325,000 $325,000 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.36%

    Citizens State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.64%

    Citizens State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 77 $19,665,000 $255,390

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    77 $19,665,000 $255,390

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 3 30.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 4 40.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 10.0%