Citizens Bank Inc Mortgage Rates, Fees & Info
Robertsdale, ALLEI: 5493000XGU4RX824L971
Tax ID: 63-0808871
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Mortgage Data
Review & Overview
Citizens Bank Inc is a smaller bank specializing in Refi and Home Purchase loans. Citizens Bank Inc has a high proportion of conventional loans. Their top two markets are Daphne and Montgomery .Citizens Bank Inc 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.
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Originations
21Origination Dollar Volume (All Markets)
$2,485,000Top 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 |
|---|---|---|---|---|---|
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 20 | $2,440,000 | $122,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $2,485,000 | $118,333 | $0 | 0.00% |
For 2023, Citizens Bank Inc's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
For 2023, Citizens Bank Inc's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $2,485,000 | $118,333 | $0 | 0.00% |
For 2023, Citizens Bank Inc's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2023 saw Citizens Bank Inc place emphasis on $100,000 or less loans with 11 originations, totaling $585,000 in origination value.
Applicant Income
Citizens Bank Inc lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $2,485,000 | $118,333 | $0 | 0.00% |
Citizens Bank Inc lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 16 | $1,820,000 | $113,750 | $0 | 0.00% |
| Not applicable | 5 | $665,000 | $133,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.31%
Citizens Bank Inc has an average approval rate.
Pick Rate
Approvals leading to origination85.71%
Citizens Bank Inc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $2,485,000 | $118,333 |