Citizens Bank Of Florida Mortgage Rates, Fees & Info

Oviedo, FL

LEI: 254900W3BV7YZMPN0N58

Tax ID: 59-0557762

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Of Florida is a smaller bank specializing in Home Purchase loans. Citizens Bank Of Florida has a high proportion of conventional loans. Citizens Bank Of Florida has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Deltona, and Palm Bay among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Citizens Bank Of Florida 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 Bank Of Florida 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 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.


    Originations

    22

    Origination Dollar Volume (All Markets)

    $6,760,000

    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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $5,335,000 $313,824 $3,541 5.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $2,862 4.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Outside of Metro Areas 1 $155,000 $155,000 $2,120 5.25%
    Citizens Bank Of Florida's top markets include Orlando, Deltona, and Palm Bay among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11 $2,175,000 $197,727 $3,241 5.28%
    Conventional 11 $4,585,000 $416,818 $0 0.00%

    For 2019, Citizens Bank Of Florida's most frequently originated type of loan was Conventional, with 11 originations. Their 2nd most popular type was Conventional, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $5,535,000 $425,769 $4,369 5.20%
    Refi 4 $970,000 $242,500 $0 5.38%
    Other 3 $75,000 $25,000 $421 5.50%
    Home Improvement 1 $35,000 $35,000 $0 0.00%
    Cash Out Refi 1 $145,000 $145,000 $0 0.00%

    For 2019, Citizens Bank Of Florida's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 15 $5,665,000 $377,667 $4,329 5.22%
    5 Year 5 $405,000 $81,000 $988 5.40%
    10 Year 1 $365,000 $365,000 $0 5.50%
    30 Year 1 $325,000 $325,000 $6,740 4.75%

    For 2019, Citizens Bank Of Florida's most frequently cited loan duration was Other, with 15 originations. The 2nd most popular length was 5 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6 $1,000,000 $166,667
    $3k-4k 1 $325,000 $325,000

    Citizens Bank Of Florida's average total fees were $6,740, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 9 $1,815,000 $201,667
    4-5% 2 $360,000 $180,000

    During 2019, Citizens Bank Of Florida's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 5-6%, with 9 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7 $2,215,000 $316,429 $5,994 5.31%
    $100,000 or less 6 $230,000 $38,333 $1,235 5.19%
    $100k-200k 4 $580,000 $145,000 $2,120 5.38%
    $400k-600k 3 $1,465,000 $488,333 $4,875 5.38%
    $1MM+ 1 $1,625,000 $1,625,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2019 saw Citizens Bank Of Florida place emphasis on $200k-400k loans with 7 originations, totaling $2,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5 $1,545,000 $309,000 $4,875 5.47%
    $100k-150k 3 $655,000 $218,333 $5,994 5.00%
    $50k-75k 3 $235,000 $78,333 $2,862 4.50%
    $50k or less 2 $180,000 $90,000 $1,315 5.25%
    $75k-100k 2 $170,000 $85,000 $333 5.75%
    $150k-250k 1 $355,000 $355,000 $0 0.00%

    Citizens Bank Of Florida lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $100k-150k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 11 $4,585,000 $416,818 $0 0.00%
    <20% 4 $860,000 $215,000 $3,869 5.22%
    30-36% 2 $350,000 $175,000 $3,625 5.00%
    20-30% 1 $155,000 $155,000 $2,120 5.25%
    36% 1 $305,000 $305,000 $5,249 5.25%
    43% 1 $25,000 $25,000 $333 5.75%

    Citizens Bank Of Florida lent most frequently to those with DTI ratios of Exempt%, with 11 originations. The next most common DTI ratio? <20%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6 $3,620,000 $603,333 $0 5.50%
    White 15 $2,835,000 $189,000 $2,907 5.26%
    Not provided 1 $305,000 $305,000 $5,249 5.25%

    Approval Rates

    Total approvals of all applications
    80.00%

    Citizens Bank Of Florida has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.73%

    Citizens Bank Of Florida has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    100.0 1 $85,000 $85,000
    Exempt 11 $4,585,000 $416,818
    NA 10 $2,090,000 $209,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $425,000 $425,000
    Single Family (1-4 Units):Manufactured 2 $110,000 $55,000
    Single Family (1-4 Units):Site-Built 19 $6,225,000 $327,632

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $25,000 $25,000 $510 5.25%
    40-60% 1 $365,000 $365,000 $0 5.50%
    60-80% 5 $1,485,000 $297,000 $5,621 5.33%
    80-100% 1 $155,000 $155,000 $2,120 5.25%
    Over 100% 1 $85,000 $85,000 $0 5.25%
    Under 20% 2 $60,000 $30,000 $1,597 5.13%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 4.3%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Closing on a mortgage 6 2.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Struggling to pay mortgage 20 8.6%
    CITIZENS FINANCIAL GROUP, INC. Conventional home mortgage Trouble during payment process 81 34.8%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Closing on a mortgage 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Incorrect information on your report 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. FHA mortgage Trouble during payment process 13 5.6%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 11 4.7%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 9 3.9%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 8 3.4%
    CITIZENS FINANCIAL GROUP, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 52 22.3%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Closing on a mortgage 4 1.7%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Struggling to pay mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. Other type of mortgage Trouble during payment process 3 1.3%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Struggling to pay mortgage 1 0.4%
    CITIZENS FINANCIAL GROUP, INC. VA mortgage Trouble during payment process 2 0.9%