Citizens Bank Mortgage Rates, Fees & Info

CARTHAGE, TN

LEI: 254900RQ2FMUUUQUGI02

Tax ID: 62-6279815

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

    Citizens Bank is a smaller bank specializing in Home Purchase and Refi loans. Citizens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Cookeville, Mcminnville, Chattanooga, and Tullahoma among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens 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.

    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

    205

    Origination Dollar Volume (All Markets)

    $29,525,000

    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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 109 $16,745,000 $153,624 $0 0.00%
    Outside of Metro Areas 61 $6,655,000 $109,098 $0 0.00%
    Cookeville, TN (FHA|USDA|VA) 31 $5,615,000 $181,129 $0 0.00%
    McMinnville, TN (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Citizens Bank's top markets include Nashville, Cookeville, Mcminnville, Chattanooga, and Tullahoma among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 205 $29,525,000 $144,024 $0 0.00%

    For 2023, Citizens Bank's most frequently originated type of loan was Conventional, with 205 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $16,420,000 $182,444 $0 0.00%
    Refi 63 $8,605,000 $136,587 $0 0.00%
    Other 32 $3,480,000 $108,750 $0 0.00%
    Home Improvement 20 $1,020,000 $51,000 $0 0.00%

    For 2023, Citizens Bank's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 205 $29,525,000 $144,024 $0 0.00%

    For 2023, Citizens Bank's most frequently cited loan duration was Other, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $5,585,000 $57,577 $0 0.00%
    $100k-200k 56 $7,970,000 $142,321 $0 0.00%
    $200k-400k 44 $11,920,000 $270,909 $0 0.00%
    $400k-600k 7 $3,285,000 $469,286 $0 0.00%
    $600k-1MM 1 $765,000 $765,000 $0 0.00%

    2023 saw Citizens Bank place emphasis on $100,000 or less loans with 97 originations, totaling $5,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 49 $4,605,000 $93,980 $0 0.00%
    $50k-75k 45 $5,645,000 $125,444 $0 0.00%
    $75k-100k 38 $6,220,000 $163,684 $0 0.00%
    $100k-150k 30 $5,440,000 $181,333 $0 0.00%
    $150k-250k 13 $1,745,000 $134,231 $0 0.00%
    $250k+ 11 $3,375,000 $306,818 $0 0.00%

    Citizens Bank lent most frequently to those with incomes in the $50k or less range, with 49 originations. The second most popular income band? $50k-75k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 205 $29,525,000 $144,024 $0 0.00%

    Citizens Bank lent most frequently to those with DTI ratios of Exempt%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $27,115,000 $146,568 $0 0.00%
    Not applicable 17 $2,075,000 $122,059 $0 0.00%
    Black 3 $335,000 $111,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.70%

    Citizens 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
    96.59%

    Citizens Bank 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
    Exempt 205 $29,525,000 $144,024

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    205 $29,525,000 $144,024