Citizens State Bank Mortgage Rates, Fees & Info

Sealy, TX

LEI: 254900LBMDUHY340Y645

Tax ID: 74-0557920

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Mortgage Data

Review & Overview

Citizens State Bank is a smaller bank specializing in Home Purchase loans. Citizens State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, El Campo, College Station, Dallas, and Brenham among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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Originations

93

Origination Dollar Volume (All Markets)

$23,905,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 73 $17,085,000 $234,041 $0 0.00%
Outside of Metro Areas 6 $3,900,000 $650,000 $0 0.00%
El Campo, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $600,000 $150,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
Brenham, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Huntsville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Port Lavaca, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Bay City, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Citizens State Bank's top markets include Houston, El Campo, College Station, Dallas, and Brenham among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $23,905,000 $257,043 $0 0.00%

    For 2019, Citizens State Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $19,040,000 $317,333 $0 0.00%
    Refi 19 $3,785,000 $199,211 $0 0.00%
    Home Improvement 9 $645,000 $71,667 $0 0.00%
    Other 5 $435,000 $87,000 $0 0.00%

    For 2019, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $23,905,000 $257,043 $0 0.00%

    For 2019, Citizens State Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 29 $4,025,000 $138,793 $0 0.00%
    $200k-400k 26 $7,120,000 $273,846 $0 0.00%
    $100,000 or less 21 $1,315,000 $62,619 $0 0.00%
    $400k-600k 13 $6,285,000 $483,462 $0 0.00%
    $1MM+ 3 $4,455,000 $1,485,000 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2019 saw Citizens State Bank place emphasis on $100k-200k loans with 29 originations, totaling $4,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $5,385,000 $256,429 $0 0.00%
    $75k-100k 20 $3,040,000 $152,000 $0 0.00%
    $150k-250k 16 $4,590,000 $286,875 $0 0.00%
    $50k-75k 11 $1,615,000 $146,818 $0 0.00%
    $250k+ 9 $6,295,000 $699,444 $0 0.00%
    $50k or less 7 $545,000 $77,857 $0 0.00%

    Citizens State Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $23,905,000 $257,043 $0 0.00%

    Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $20,980,000 $268,974 $0 0.00%
    Not applicable 8 $1,850,000 $231,250 $0 0.00%
    Black 3 $615,000 $205,000 $0 0.00%
    Not provided 2 $240,000 $120,000 $0 0.00%
    Asian 2 $220,000 $110,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.19%

    Citizens State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.40%

    Citizens State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $23,905,000 $257,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $465,000 $93,000
    Single Family (1-4 Units):Site-Built 88 $23,440,000 $266,364

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%