Citizens Bank Minnesota Mortgage Rates, Fees & Info
New Ulm, MNLEI: 254900NR9EA98B6A4L55
Tax ID: 41-0190880
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Citizens Bank Minnesota is a smaller bank specializing in Home Purchase loans. Citizens Bank Minnesota has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, New Ulm, Mankato, St. Cloud, and Red Wing among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Citizens Bank Minnesota has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
114Origination Dollar Volume (All Markets)
$19,910,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 28 | $7,320,000 | $261,429 | $0 | 0.00% |
| New Ulm, MN (FHA|USDA|VA) | 34 | $4,890,000 | $143,824 | $0 | 0.00% |
| Outside of Metro Areas | 30 | $4,490,000 | $149,667 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 8 | $1,150,000 | $143,750 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Fairmont, MN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Citizens Bank Minnesota based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $19,910,000 | $174,649 | $0 | 0.00% |
For 2024, Citizens Bank Minnesota's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2024, Citizens Bank Minnesota's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Home Improvement, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $19,910,000 | $174,649 | $0 | 0.00% |
For 2024, Citizens Bank Minnesota's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2024 saw Citizens Bank Minnesota place emphasis on $100k-200k loans with 43 originations, totaling $6,455,000 in origination value.
Applicant Income
Citizens Bank Minnesota lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $19,910,000 | $174,649 | $0 | 0.00% |
Citizens Bank Minnesota lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.48%
Citizens Bank Minnesota has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.18%
Citizens Bank Minnesota has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $19,910,000 | $174,649 |