Citizens State Bank Mortgage Rates, Fees & Info
Monticello, IALEI: 254900P6952HH7CVAC87
Tax ID: 42-0181990
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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: Cedar Rapids, Dubuque, and Waterloo among others. We have data for 4 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
90Origination Dollar Volume (All Markets)
$13,170,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 46 | $8,040,000 | $174,783 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 35 | $3,745,000 | $107,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Citizens State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 112
Similarity Rank: 128
Similarity Rank: 162
Similarity Rank: 170
Similarity Rank: 182
Similarity Rank: 200
Similarity Rank: 210
Similarity Rank: 420
Similarity Rank: 518
Similarity Rank: 870
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $13,170,000 | $146,333 | $0 | 0.00% |
For 2023, Citizens State Bank's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
For 2023, Citizens State Bank's most frequently cited loan purpose was Home Purchase, with 56 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 | 90 | $13,170,000 | $146,333 | $0 | 0.00% |
For 2023, Citizens State Bank's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2023 saw Citizens State Bank place emphasis on $100,000 or less loans with 39 originations, totaling $2,065,000 in origination value.
Applicant Income
Citizens State Bank lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $13,170,000 | $146,333 | $0 | 0.00% |
Citizens State Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 80 | $12,050,000 | $150,625 | $0 | 0.00% |
| Not applicable | 10 | $1,120,000 | $112,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.73%
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 origination75.56%
Citizens State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $13,170,000 | $146,333 |