The Citizens Bank Of Georgia Mortgage Rates, Fees & Info

CUMMING, GA

LEI: 254900LWBQAKENOJRT60

Tax ID: 58-2266450

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
  • 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

    The Citizens Bank Of Georgia is a smaller bank specializing in Refi and Home Purchase loans. The Citizens Bank Of Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Toccoa, Laurinburg, and Panama City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Citizens Bank Of Georgia 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.

    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

    98

    Origination Dollar Volume (All Markets)

    $13,170,000

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 74 $9,480,000 $128,108 $848 5.62%
    Outside of Metro Areas 14 $1,810,000 $129,286 $1,092 5.63%
    GAINESVILLE, GA (FHA|USDA|VA) 5 $545,000 $109,000 $0 5.52%
    Toccoa, GA (FHA|USDA|VA) 1 $445,000 $445,000 $0 6.00%
    Laurinburg, NC (FHA|USDA|VA) 1 $325,000 $325,000 $2,804 4.63%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
    Calhoun, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.95%
    The Citizens Bank Of Georgia's top markets include Atlanta, Gainesville, Toccoa, Laurinburg, and Panama City among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $13,170,000 $134,388 $995 5.62%

    For 2018, The Citizens Bank Of Georgia's most frequently originated type of loan was Conventional, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 67 $7,345,000 $109,627 $617 5.65%
    Home Purchase 28 $5,380,000 $192,143 $2,087 5.51%
    Other 2 $100,000 $50,000 $722 5.88%
    Home Improvement 1 $345,000 $345,000 $0 6.00%

    For 2018, The Citizens Bank Of Georgia's most frequently cited loan purpose was Refi, with 67 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $4,880,000 $122,000 $914 5.52%
    5 Year 39 $4,825,000 $123,718 $0 5.76%
    1 Year 13 $3,055,000 $235,000 $2,804 5.51%
    3 Year 4 $240,000 $60,000 $0 5.81%
    10 Year 2 $170,000 $85,000 $646 5.25%

    For 2018, The Citizens Bank Of Georgia's most frequently cited loan duration was Other, with 40 originations. The 2nd most popular length was 5 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $1,590,000 $79,500

    The Citizens Bank Of Georgia's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 59 $7,845,000 $132,966
    4-5% 24 $4,200,000 $175,000
    6-7% 15 $1,125,000 $75,000

    During 2018, The Citizens Bank Of Georgia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $2,980,000 $57,308 $884 5.70%
    $100k-200k 24 $3,450,000 $143,750 $986 5.51%
    $200k-400k 20 $5,630,000 $281,500 $2,804 5.56%
    $400k-600k 1 $445,000 $445,000 $0 6.00%
    $600k-1MM 1 $665,000 $665,000 $0 5.00%

    2018 saw The Citizens Bank Of Georgia place emphasis on $100,000 or less loans with 52 originations, totaling $2,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,830,000 $101,667 $659 5.87%
    $50k or less 12 $800,000 $66,667 $1,060 5.27%
    $75k-100k 11 $1,995,000 $181,364 $1,383 5.51%
    $100k-150k 10 $1,410,000 $141,000 $1,610 5.43%
    $250k+ 7 $945,000 $135,000 $0 5.44%
    $150k-250k 4 $470,000 $117,500 $1,178 6.31%

    The Citizens Bank Of Georgia lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 7 $885,000 $126,429 $1,685 4.91%
    >60% 4 $240,000 $60,000 $554 5.25%
    30-36% 3 $165,000 $55,000 $626 5.21%
    50-60% 2 $60,000 $30,000 $391 5.75%
    <20% 2 $40,000 $20,000 $1,016 5.75%
    36% 1 $55,000 $55,000 $1,178 6.50%
    40% 1 $25,000 $25,000 $741 6.25%

    The Citizens Bank Of Georgia lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? >60%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $7,585,000 $120,397 $995 5.56%
    Not applicable 34 $5,550,000 $163,235 $0 5.70%
    Asian 1 $35,000 $35,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    98.02%

    The Citizens Bank Of Georgia 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
    98.98%

    The Citizens Bank Of Georgia has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 98 $13,170,000 $134,388

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $245,000 $245,000
    Multifamily:Site-Built 2 $770,000 $385,000
    Single Family (1-4 Units):Manufactured 23 $1,565,000 $68,043
    Single Family (1-4 Units):Site-Built 72 $10,590,000 $147,083

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $1,535,000 $73,095 $678 5.52%
    40-60% 20 $1,840,000 $92,000 $1,352 5.54%
    60-80% 37 $6,575,000 $177,703 $509 5.66%
    80-100% 8 $1,480,000 $185,000 $2,246 5.78%
    Over 100% 6 $1,570,000 $261,667 $2,804 5.31%
    Under 20% 6 $170,000 $28,333 $634 6.08%