Citizens & Northern Bank Mortgage Rates, Fees & Info
Wellsboro, PALEI: 254900SK7KTN4QNPHP32
Tax ID: 24-0756925
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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, Hagerstown, and Allentown 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Citizens & Northern Bank is typically an average 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/13/24 |
| 30 Year Conventional Purchase | 6.49% | 4/13/24 |
| 30 Year Conventional Refi | 6.37% | 4/13/24 |
| 30 Year Cash-out Refi | 6.79% | 4/13/24 |
| 15 Year Conventional Purchase | 6.90% | 4/13/24 |
| 15 Year Conventional Refi | 6.65% | 4/13/24 |
| 15 Year Cash-out Refi | 6.65% | 4/13/24 |
| 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
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This is not an official calculator from Citizens & Northern Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
871Origination Dollar Volume (All Markets)
$152,665,000Relative Rate
Citizens & Northern Bank's average 30 year fixed mortgage rate was
6.8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.32%.
Relative Fees (Closing Costs)
Citizens & Northern Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,057.
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 $9,089.
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) | 74 | $36,690,000 | $495,811 | $6,547 | 7.20% |
| Outside of Metro Areas | 318 | $36,060,000 | $113,396 | $3,687 | 7.40% |
| Sayre, PA (FHA|USDA|VA) | 241 | $33,705,000 | $139,855 | $4,009 | 7.26% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 64 | $7,000,000 | $109,375 | $3,755 | 7.23% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $4,565,000 | $4,565,000 | $0 | 8.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $4,340,000 | $723,333 | $0 | 6.74% |
| Corning, NY (FHA|USDA|VA) | 28 | $3,860,000 | $137,857 | $3,501 | 7.16% |
| BINGHAMTON, NY (FHA|USDA|VA) | 23 | $3,775,000 | $164,130 | $4,801 | 7.33% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 11 | $3,585,000 | $325,909 | $4,466 | 6.73% |
| ELMIRA, NY (FHA|USDA|VA) | 20 | $2,660,000 | $133,000 | $4,262 | 7.21% |
| Bradford, PA (FHA|USDA|VA) | 20 | $2,370,000 | $118,500 | $3,426 | 7.38% |
| LANCASTER, PA (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $5,797 | 7.32% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $4,435 | 7.40% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $8,030 | 6.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $5,581 | 7.45% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $6,170 | 7.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 6.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 7.70% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $10,838 | 8.21% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $21,012 | 6.50% |
| Sunbury, PA (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $2,248 | 6.73% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $8,828 | 7.03% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,682 | 6.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,119 | 7.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,383 | 6.88% |
| READING, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,349 | 6.88% |
| St. Marys, PA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,637 | 7.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,677 | 6.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,970 | 6.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,854 | 5.63% |
| Lock Haven, PA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $3,323 | 7.17% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.13% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.00% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,659 | 7.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $474 | 8.50% |
| Cortland, NY (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $533 | 7.38% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 582 | $123,090,000 | $211,495 | $4,124 | 7.10% |
| HELOC | 289 | $29,575,000 | $102,336 | n/a | 7.67% |
For 2023, Citizens & Northern Bank's most frequently originated type of loan was Conventional, with 582 originations. Their 2nd most popular type was HELOC, with 289 originations.
Loan Reason
For 2023, Citizens & Northern Bank's most frequently cited loan purpose was Home Purchase, with 453 originations. The 2nd most popular reason was Other, with 192 originations.
Loan Duration/Length
For 2023, Citizens & Northern Bank's most frequently cited loan duration was Other, with 340 originations. The 2nd most popular length was 30 Year, with 236 originations.
Origination Fees/Closing Costs
Citizens & Northern Bank's average total fees were $5,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 196 originations.
Interest Rates
During 2023, Citizens & Northern Bank's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 304 originations.
Loan Sizing
2023 saw Citizens & Northern Bank place emphasis on $100,000 or less loans with 400 originations, totaling $19,880,000 in origination value.
Applicant Income
Citizens & Northern Bank lent most frequently to those with incomes in the $100k-150k range, with 185 originations. The second most popular income band? $50k-75k, with 158 originations.
Applicant Debt to Income Ratio
Citizens & Northern Bank lent most frequently to those with DTI ratios of 30-36%, with 200 originations. The next most common DTI ratio? 20-30%, with 188 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.66%
Citizens & Northern Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.17%
Citizens & Northern Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 308.0 | 13 | $635,000 | $48,846 |
| 316.0 | 1 | $45,000 | $45,000 |
| NA | 857 | $151,985,000 | $177,345 |