The Citizens Bank Of Georgia Mortgage Rates, Fees & Info
CUMMING, GALEI: 254900LWBQAKENOJRT60
Tax ID: 58-2266450
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Mortgage Data
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, Sevierville, Athens, and Charlotte among others. We have data for 10 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.
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Originations
82Origination Dollar Volume (All Markets)
$12,980,000Top 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) | 56 | $8,790,000 | $156,964 | $726 | 5.50% |
| Outside of Metro Areas | 12 | $1,350,000 | $112,500 | $3,553 | 5.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 5.25% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 5.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 5.67% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.50% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $366 | 4.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.60% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $416 | 5.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $12,980,000 | $158,293 | $809 | 5.51% |
For 2019, The Citizens Bank Of Georgia's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 48 | $5,770,000 | $120,208 | $619 | 5.51% |
| Home Purchase | 30 | $6,560,000 | $218,667 | $1,194 | 5.54% |
| Other | 4 | $650,000 | $162,500 | $1,282 | 5.19% |
For 2019, The Citizens Bank Of Georgia's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
For 2019, The Citizens Bank Of Georgia's most frequently cited loan duration was Other, with 39 originations. The 2nd most popular length was 5 Year, with 34 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 24 | $2,590,000 | $107,917 |
| $1k-2k | 2 | $280,000 | $140,000 |
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 24 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 54 | $9,150,000 | $169,444 |
| 4-5% | 21 | $2,895,000 | $137,857 |
| 6-7% | 7 | $935,000 | $133,571 |
During 2019, 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 54 originations.
Loan Sizing
2019 saw The Citizens Bank Of Georgia place emphasis on $100,000 or less loans with 44 originations, totaling $2,450,000 in origination value.
Applicant Income
The Citizens Bank Of Georgia lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
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? 30-36%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 56 | $7,710,000 | $137,679 | $809 | 5.49% |
| Not applicable | 26 | $5,270,000 | $202,692 | $0 | 5.54% |
Approval Rates
Total approvals of all applications98.82%
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 origination97.56%
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 | 82 | $12,980,000 | $158,293 |