Citizens & Northern Bank Mortgage Rates, Fees & Info

Wellsboro, PA

LEI: 254900SK7KTN4QNPHP32

Tax ID: 24-0756925

5 stars - Updated: 2/19/24 - out of 5 stars, based on 33 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Citizens & Northern Bank is a smaller bank specializing in Home Purchase loans. Citizens & Northern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Sayre, Williamsport, New York, and Chambersburg among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)

Citizens & Northern 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. Citizens & Northern Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/19/24
30 Year Conventional Purchase 6.49% 2/19/24
30 Year Conventional Refi 6.37% 2/19/24
30 Year Cash-out Refi 6.79% 2/19/24
15 Year Conventional Purchase 6.90% 2/19/24
15 Year Conventional Refi 6.65% 2/19/24
15 Year Cash-out Refi 6.65% 2/19/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Citizens & Northern Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Citizens & Northern Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,095

Origination Dollar Volume (All Markets)

$263,465,000

Relative Rate

Citizens & Northern Bank's average 30 year fixed mortgage rate was 5.01%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.25%.

Relative Fees (Closing Costs)

Citizens & Northern Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,341.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 126 $101,160,000 $802,857 $4,653 4.99%
Outside of Metro Areas 370 $48,800,000 $131,892 $3,071 5.07%
Sayre, PA (FHA|USDA|VA) 287 $37,355,000 $130,157 $3,422 4.95%
WILLIAMSPORT, PA (FHA|USDA|VA) 107 $17,435,000 $162,944 $4,013 5.07%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $13,760,000 $1,720,000 $9,542 4.74%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $6,755,000 $6,755,000 $0 4.25%
BINGHAMTON, NY (FHA|USDA|VA) 51 $6,425,000 $125,980 $3,592 4.95%
ELMIRA, NY (FHA|USDA|VA) 25 $5,145,000 $205,800 $3,629 5.35%
Corning, NY (FHA|USDA|VA) 35 $4,915,000 $140,429 $3,603 5.09%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $2,805,000 $935,000 $0 5.40%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 7 $2,145,000 $306,429 $6,343 4.59%
YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,990,000 $331,667 $0 4.80%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $1,725,000 $1,725,000 $0 5.14%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $1,660,000 $415,000 $3,644 4.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,475,000 $295,000 $0 5.59%
LANCASTER, PA (FHA|USDA|VA) 4 $980,000 $245,000 $0 5.63%
Sunbury, PA (FHA|USDA|VA) 6 $970,000 $161,667 $3,884 4.85%
Bradford, PA (FHA|USDA|VA) 11 $945,000 $85,909 $1,612 5.61%
Lewisburg, PA (FHA|USDA|VA) 4 $940,000 $235,000 $5,792 5.13%
ROCHESTER, NY (FHA|USDA|VA) 4 $720,000 $180,000 $4,876 5.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $705,000 $705,000 $5,432 3.88%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 6 $690,000 $115,000 $2,591 4.61%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $555,000 $555,000 $3,067 5.38%
STATE COLLEGE, PA (FHA|USDA|VA) 3 $545,000 $181,667 $4,748 5.42%
Selinsgrove, PA (FHA|USDA|VA) 1 $505,000 $505,000 $7,981 4.00%
St. Marys, PA (FHA|USDA|VA) 3 $445,000 $148,333 $4,722 4.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $290,000 $145,000 $6,518 6.57%
Lock Haven, PA (FHA|USDA|VA) 5 $245,000 $49,000 $3,127 5.15%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $6,023 3.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $225,000 $225,000 $2,144 5.38%
ERIE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,744 6.13%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.75%
SYRACUSE, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,854 3.63%
ITHACA, NY (FHA|USDA|VA) 1 $145,000 $145,000 $3,732 6.87%
READING, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
Citizens & Northern Bank's top markets include Philadelphia, Sayre, Williamsport, New York, and Chambersburg among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Citizens & Northern Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CFCU Community Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 756 $226,360,000 $299,418 $3,476 5.13%
    HELOC 339 $37,105,000 $109,454 n/a 4.81%

    For 2022, Citizens & Northern Bank's most frequently originated type of loan was Conventional, with 756 originations. Their 2nd most popular type was HELOC, with 339 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 503 $182,995,000 $363,807 $4,628 5.17%
    Refi 249 $44,895,000 $180,301 $1,700 4.84%
    Other 232 $22,990,000 $99,095 $1,029 4.93%
    Home Improvement 100 $10,850,000 $108,500 $876 5.20%
    Cash Out Refi 11 $1,735,000 $157,727 $5,627 3.49%

    For 2022, Citizens & Northern Bank's most frequently cited loan purpose was Home Purchase, with 503 originations. The 2nd most popular reason was Refi, with 249 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 376 $102,440,000 $272,447 $2,943 5.06%
    30 Year 254 $52,920,000 $208,346 $4,341 5.01%
    15 Year 186 $20,810,000 $111,882 $1,425 4.89%
    20 Year 92 $12,940,000 $140,652 $3,194 4.96%
    10 Year 80 $38,260,000 $478,250 $569 5.52%
    30+ year 79 $24,165,000 $305,886 $6,474 4.70%
    5 Year 24 $10,140,000 $422,500 $466 5.52%
    1 Year 3 $1,785,000 $595,000 $0 4.96%
    3 Year 1 $5,000 $5,000 $293 4.38%

    For 2022, Citizens & Northern Bank's most frequently cited loan duration was Other, with 376 originations. The 2nd most popular length was 30 Year, with 254 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 331 $48,125,000 $145,393
    $1k-2k 135 $19,945,000 $147,741
    $2k-3k 73 $16,195,000 $221,849
    $3k-4k 53 $14,615,000 $275,755
    $4k-5k 14 $4,470,000 $319,286
    $5k+ 8 $4,050,000 $506,250

    Citizens & Northern Bank's average total fees were $4,341, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 331 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 358 $106,630,000 $297,849
    3-4% 258 $41,890,000 $162,364
    4-5% 246 $80,920,000 $328,943
    6-7% 159 $25,205,000 $158,522
    % 29 $4,285,000 $147,759
    7-8% 21 $1,815,000 $86,429
    Over 8% 11 $365,000 $33,182
    2.5-3% 9 $1,795,000 $199,444
    <2.5% 4 $560,000 $140,000

    During 2022, Citizens & Northern Bank's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 5-6%, with 358 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 458 $24,070,000 $52,555 $1,472 5.16%
    $100k-200k 320 $45,140,000 $141,063 $3,555 4.95%
    $200k-400k 212 $56,200,000 $265,094 $4,978 4.92%
    $400k-600k 58 $28,160,000 $485,517 $6,667 4.90%
    $600k-1MM 28 $20,660,000 $737,857 $7,872 4.87%
    $1MM+ 19 $89,235,000 $4,696,579 $17,813 5.06%

    2022 saw Citizens & Northern Bank place emphasis on $100,000 or less loans with 458 originations, totaling $24,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 238 $37,010,000 $155,504 $3,603 4.99%
    $50k-75k 214 $22,700,000 $106,075 $3,166 5.08%
    $75k-100k 176 $23,690,000 $134,602 $3,482 4.97%
    $50k or less 154 $10,840,000 $70,390 $2,371 5.13%
    $150k-250k 128 $26,870,000 $209,922 $4,139 4.78%
    $250k+ 63 $26,445,000 $419,762 $6,074 4.85%

    Citizens & Northern Bank lent most frequently to those with incomes in the $100k-150k range, with 238 originations. The second most popular income band? $50k-75k, with 214 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 291 $35,915,000 $123,419 $3,410 5.01%
    30-36% 206 $31,820,000 $154,466 $3,414 5.02%
    <20% 151 $16,495,000 $109,238 $3,284 4.55%
    42% 44 $8,870,000 $201,591 $3,684 5.27%
    36% 44 $8,370,000 $190,227 $3,352 5.00%
    37% 42 $8,530,000 $203,095 $3,750 5.00%
    40% 38 $6,170,000 $162,368 $2,987 4.96%
    38% 37 $5,785,000 $156,351 $3,283 5.04%
    41% 34 $6,030,000 $177,353 $4,023 5.15%
    39% 30 $5,950,000 $198,333 $2,952 4.81%
    43% 19 $2,805,000 $147,632 $2,763 5.46%
    44% 11 $1,425,000 $129,545 $4,141 5.34%
    46% 8 $2,280,000 $285,000 $7,240 5.50%
    48% 5 $535,000 $107,000 $3,291 4.72%
    49% 5 $1,215,000 $243,000 $6,801 4.30%
    45% 3 $905,000 $301,667 $4,650 5.50%
    50-60% 2 $1,280,000 $640,000 $0 5.13%

    Citizens & Northern Bank lent most frequently to those with DTI ratios of 20-30%, with 291 originations. The next most common DTI ratio? 30-36%, with 206 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 966 $145,880,000 $151,014 $3,465 4.97%
    Not applicable 94 $111,270,000 $1,183,723 $0 5.52%
    Not provided 30 $4,230,000 $141,000 $3,649 5.33%
    Asian 4 $1,920,000 $480,000 $4,065 5.35%
    Black 1 $165,000 $165,000 $5,919 3.13%

    Approval Rates

    Total approvals of all applications
    90.71%

    Citizens & Northern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.41%

    Citizens & Northern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 22 $1,910,000 $86,818
    300.0 1 $165,000 $165,000
    308.0 8 $280,000 $35,000
    8.0 1 $35,000 $35,000
    NA 1,063 $261,075,000 $245,602

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,095 $263,465,000 $240,607

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 197 $20,075,000 $101,904 $1,477 4.95%
    40-60% 133 $26,145,000 $196,579 $2,693 4.89%
    60-80% 312 $145,180,000 $465,321 $3,665 5.05%
    80-100% 284 $64,420,000 $226,831 $4,728 5.10%
    Over 100% 2 $1,090,000 $545,000 $131 4.94%
    Under 20% 167 $6,555,000 $39,251 $423 5.07%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 3 30.0%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 4 40.0%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 1 10.0%